Wellspire Holdings Berhad (KLSE:WELLS)

Wellspire Holdings Berhad Income Statement

Financials in millions MYR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	143.89	124.88	123.37	136.71	119.71
Revenue Growth (YoY)	15.22%	1.23%	-9.76%	14.20%	103.59%
Cost of Revenue	103.05	99.97	97.41	98.54	83
Gross Profit	40.84	24.91	25.96	38.17	36.71
Selling, General & Admin	22.63	18.56	20.57	19.91	14.42
Other Operating Expenses	-1	-1.24	-0.74	-1.4	-0.02
Operating Expenses	21.64	17.31	19.76	18.8	15.02
Operating Income	19.2	7.6	6.2	19.37	21.68
Interest Expense	-0.13	-0.16	-0.29	-0.27	-0.2
Interest & Investment Income	-	-	-	-	0.4
Currency Exchange Gain (Loss)	-	-	-	-	0.09
Pretax Income	19.07	7.44	5.9	19.1	21.98
Income Tax Expense	6.47	2.99	2.95	3.7	6.22
Earnings From Continuing Operations	12.6	4.45	2.96	15.4	15.76
Minority Interest in Earnings	-4.29	-1.82	-1.82	-4.28	-3.93
Net Income	8.31	2.64	1.14	11.12	11.83
Net Income to Common	8.31	2.64	1.14	11.12	11.83
Net Income Growth	214.93%	131.64%	-89.76%	-6.00%	279.61%
Shares Outstanding (Basic)	712	707	588	588	-
Shares Outstanding (Diluted)	712	707	588	588	-
Shares Change (YoY)	0.72%	20.34%	-	-	-
EPS (Basic)	0.01	0.00	0.00	0.02	-
EPS (Diluted)	0.01	0.00	0.00	0.02	-
EPS Growth	212.74%	92.51%	-89.77%	-	-
Free Cash Flow	2.88	6.03	1.37	14.56	4.82
Free Cash Flow Per Share	0.00	0.01	0.00	0.03	-
Gross Margin	28.38%	19.95%	21.04%	27.92%	30.66%
Operating Margin	13.35%	6.09%	5.02%	14.17%	18.11%
Profit Margin	5.77%	2.11%	0.92%	8.13%	9.88%
Free Cash Flow Margin	2.00%	4.83%	1.11%	10.65%	4.03%
EBITDA	19.55	7.95	6.45	19.54	21.79
EBITDA Margin	13.59%	6.37%	5.23%	14.30%	18.20%
D&A For EBITDA	0.35	0.35	0.25	0.18	0.11
EBIT	19.2	7.6	6.2	19.37	21.68
EBIT Margin	13.35%	6.09%	5.02%	14.17%	18.11%
Effective Tax Rate	33.94%	40.14%	49.93%	19.36%	28.30%
Advertising Expenses	-	-	-	-	7.76

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.