Airtel Malawi Plc (MAL:AIRTEL)

Airtel Malawi Income Statement

Financials in millions MWK. 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	270,967	193,999	153,464	131,769	110,233
Revenue Growth (YoY)	39.67%	26.41%	16.46%	19.54%	18.76%
Cost of Revenue	89,358	63,211	44,303	39,656	35,417
Gross Profit	181,609	130,787	109,161	92,113	74,816
Selling, General & Admin	28,177	17,191	13,829	12,080	7,439
Other Operating Expenses	34,473	22,067	16,564	14,256	15,582
Operating Expenses	87,527	58,026	44,064	40,986	38,512
Operating Income	94,081	72,762	65,097	51,127	36,304
Interest Expense	-23,818	-12,732	-6,706	-2,564	-2,063
Interest & Investment Income	4,600	3,361	3,002	1,864	891.63
Currency Exchange Gain (Loss)	-19,462	-56,000	-12,790	-5,626	-3,560
Other Non Operating Income (Expenses)	-	-5,107	5,179	-24.27	-26.09
EBT Excluding Unusual Items	55,401	2,282	53,781	44,776	31,547
Gain (Loss) on Sale of Assets	-	-	-	1,429	14.36
Legal Settlements	-	-13.6	-1,015	-	-
Other Unusual Items	-	5.58	-0.51	-	177.47
Pretax Income	55,401	2,274	52,765	46,217	31,739
Income Tax Expense	12,679	865.4	15,840	13,882	9,646
Net Income	42,722	1,409	36,925	32,335	22,093
Net Income to Common	42,722	1,409	36,925	32,335	22,093
Net Income Growth	2932.11%	-96.18%	14.20%	46.36%	38.88%
Shares Outstanding (Basic)	11,011	11,000	11,000	11,000	11,000
Shares Outstanding (Diluted)	11,011	11,000	11,000	11,000	11,000
Shares Change (YoY)	0.10%	-	-	-	-
EPS (Basic)	3.88	0.13	3.36	2.94	2.01
EPS (Diluted)	3.88	0.13	3.36	2.94	2.01
EPS Growth	2929.12%	-96.18%	14.20%	46.36%	38.88%
Free Cash Flow	52,164	25,644	66,109	33,624	22,151
Free Cash Flow Per Share	4.74	2.33	6.01	3.06	2.01
Dividend Per Share	2.000	-	2.500	2.950	2.100
Dividend Growth	-	-	-15.25%	40.48%	68.00%
Gross Margin	67.02%	67.42%	71.13%	69.91%	67.87%
Operating Margin	34.72%	37.51%	42.42%	38.80%	32.93%
Profit Margin	15.77%	0.73%	24.06%	24.54%	20.04%
Free Cash Flow Margin	19.25%	13.22%	43.08%	25.52%	20.09%
EBITDA	118,959	86,061	75,912	61,781	47,423
EBITDA Margin	43.90%	44.36%	49.47%	46.88%	43.02%
D&A For EBITDA	24,878	13,299	10,815	10,654	11,119
EBIT	94,081	72,762	65,097	51,127	36,304
EBIT Margin	34.72%	37.51%	42.42%	38.80%	32.93%
Effective Tax Rate	22.89%	38.05%	30.02%	30.04%	30.39%
Revenue as Reported	271,089	194,027	153,451	135,074	111,317

Updated Sep 18, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.