Illovo Sugar (Malawi) plc (MAL:ILLOVO)

Illovo Sugar (Malawi) Income Statement

Financials in millions MWK. Fiscal year is September - August.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Revenue	476,736	313,689	272,457	186,642	163,259
Revenue Growth (YoY)	51.98%	15.13%	45.98%	14.32%	11.10%
Cost of Revenue	251,770	173,955	131,774	106,992	90,773
Gross Profit	224,966	139,734	140,683	79,650	72,486
Selling, General & Admin	74,387	56,036	58,760	40,145	40,545
Operating Expenses	74,387	56,036	58,760	40,145	40,545
Operating Income	150,579	83,698	81,923	39,505	31,941
Interest Expense	-1,090	-3,574	-2,973	-1,707	-3,496
Interest & Investment Income	289	207	2,703	369	171
Currency Exchange Gain (Loss)	-23,572	-24,372	123	311	722
Other Non Operating Income (Expenses)	-	-	1	-	-
Pretax Income	126,206	55,959	81,777	38,478	29,338
Income Tax Expense	48,991	33,327	25,019	11,848	8,869
Net Income	77,215	22,632	56,758	26,630	20,469
Net Income to Common	77,215	22,632	56,758	26,630	20,469
Net Income Growth	241.18%	-60.12%	113.14%	30.10%	647.32%
Shares Outstanding (Basic)	713	713	713	713	713
Shares Outstanding (Diluted)	713	713	713	713	713
EPS (Basic)	108.23	31.72	79.55	37.33	28.69
EPS (Diluted)	108.23	31.72	79.55	37.33	28.69
EPS Growth	241.18%	-60.12%	113.14%	30.10%	647.32%
Free Cash Flow	101,156	-6,367	87,517	28,834	23,842
Free Cash Flow Per Share	141.78	-8.92	122.67	40.41	33.42
Dividend Per Share	18.500	5.000	29.200	21.000	18.000
Dividend Growth	270.00%	-82.88%	39.05%	16.67%	800.00%
Gross Margin	47.19%	44.55%	51.63%	42.68%	44.40%
Operating Margin	31.59%	26.68%	30.07%	21.17%	19.56%
Profit Margin	16.20%	7.22%	20.83%	14.27%	12.54%
Free Cash Flow Margin	21.22%	-2.03%	32.12%	15.45%	14.60%
EBITDA	172,585	100,638	88,511	46,324	38,122
EBITDA Margin	36.20%	32.08%	32.49%	24.82%	23.35%
D&A For EBITDA	22,006	16,940	6,588	6,819	6,181
EBIT	150,579	83,698	81,923	39,505	31,941
EBIT Margin	31.59%	26.68%	30.07%	21.17%	19.56%
Effective Tax Rate	38.82%	59.56%	30.59%	30.79%	30.23%

Updated Nov 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.