WTEC Group Berhad (KLSE:WTEC)

WTEC Group Berhad Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	52.03	50.86	52.54	43.12
Revenue Growth (YoY)	2.30%	-3.21%	21.86%	-
Cost of Revenue	32.24	32.62	38.97	33.42
Gross Profit	19.79	18.24	13.57	9.7
Selling, General & Admin	8.81	6.43	6.03	5.49
Operating Expenses	8.7	6.39	6.15	5.59
Operating Income	11.09	11.85	7.42	4.11
Interest Expense	-0.16	-0.2	-0.2	-0.27
Interest & Investment Income	0.29	0.31	0.12	0.14
Earnings From Equity Investments	0	0.06	0.13	0.03
Currency Exchange Gain (Loss)	-	0.27	0.28	0.15
Other Non Operating Income (Expenses)	0.1	0.1	0.12	0.16
EBT Excluding Unusual Items	11.32	12.39	7.86	4.32
Impairment of Goodwill	-	-	-	-0.03
Gain (Loss) on Sale of Assets	-	0.02	0.05	0.03
Asset Writedown	-0	-0.04	-	-
Other Unusual Items	0.01	0	-	0.3
Pretax Income	11.33	12.37	7.9	4.61
Income Tax Expense	3.13	3	1.55	1.11
Net Income	8.2	9.37	6.35	3.51
Net Income to Common	8.2	9.37	6.35	3.51
Net Income Growth	-12.50%	47.56%	81.23%	-
Shares Outstanding (Basic)	390	390	390	390
Shares Outstanding (Diluted)	390	390	390	390
EPS (Basic)	0.02	0.02	0.02	0.01
EPS (Diluted)	0.02	0.02	0.02	0.01
EPS Growth	-12.50%	47.56%	81.23%	-
Free Cash Flow	4.91	8.41	5.31	1.79
Free Cash Flow Per Share	0.01	0.02	0.01	0.01
Dividend Per Share	4.500	8.400	1.500	0.600
Dividend Growth	-46.43%	460.00%	150.00%	-
Gross Margin	38.04%	35.86%	25.83%	22.50%
Operating Margin	21.31%	23.29%	14.12%	9.54%
Profit Margin	15.76%	18.43%	12.09%	8.13%
Free Cash Flow Margin	9.44%	16.54%	10.11%	4.15%
EBITDA	12.49	13.05	8.61	5.14
EBITDA Margin	24.01%	25.66%	16.38%	11.92%
D&A For EBITDA	1.4	1.2	1.19	1.03
EBIT	11.09	11.85	7.42	4.11
EBIT Margin	21.31%	23.29%	14.12%	9.54%
Effective Tax Rate	27.59%	24.25%	19.64%	24.04%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.