Paper Converting Co. Income Statement

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	330.57	337.39	307.96	281.13	205.18
Revenue Growth (YoY)	-2.02%	9.56%	9.54%	37.02%	1.99%
Cost of Revenue	300.02	205.7	202.28	191.21	129.18
Gross Profit	30.55	131.69	105.68	89.92	75.99
Selling, General & Admin	-	35.53	31.91	24.08	16.47
Other Operating Expenses	-	43.7	40.52	29.86	33.06
Operating Expenses	-	93.44	84.89	68.18	64.14
Operating Income	30.55	38.25	20.79	21.74	11.85
Interest Expense	-18.63	-20.18	-13.33	-7.8	-6.67
Earnings From Equity Investments	1.14	0.08	1.48	-	-0.29
Currency Exchange Gain (Loss)	-	-	-0	-0.27	-0.46
Other Non Operating Income (Expenses)	2.79	2.75	2.57	2.18	1.33
EBT Excluding Unusual Items	15.85	20.9	11.51	15.85	5.76
Gain (Loss) on Sale of Assets	-	1.04	0.52	0.39	0.28
Other Unusual Items	-	-	-	-5.88	0.33
Pretax Income	15.85	21.94	12.03	10.35	6.36
Income Tax Expense	3.99	4.02	2.76	1	2.18
Earnings From Continuing Operations	11.85	17.93	9.28	9.36	4.18
Net Income to Company	11.85	17.93	9.28	9.36	4.18
Minority Interest in Earnings	0.09	-0.08	0.24	0.17	-
Net Income	11.95	17.84	9.51	9.53	4.18
Net Income to Common	11.95	17.84	9.51	9.53	4.18
Net Income Growth	-33.05%	87.60%	-0.18%	127.90%	61.59%
Shares Outstanding (Basic)	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10
EPS (Basic)	1.19	1.78	0.95	0.95	0.42
EPS (Diluted)	1.19	1.78	0.95	0.95	0.42
EPS Growth	-33.05%	87.60%	-0.18%	127.90%	61.59%
Free Cash Flow	82.33	-36.38	-58.76	-22.2	-0.07
Free Cash Flow Per Share	8.23	-3.64	-5.88	-2.22	-0.01
Dividend Per Share	-	0.250	0.500	0.150	0.100
Dividend Growth	-	-50.00%	233.33%	50.00%	-
Gross Margin	9.24%	39.03%	34.32%	31.99%	37.04%
Operating Margin	9.24%	11.34%	6.75%	7.74%	5.78%
Profit Margin	3.61%	5.29%	3.09%	3.39%	2.04%
Free Cash Flow Margin	24.91%	-10.78%	-19.08%	-7.90%	-0.03%
EBITDA	39.29	46.99	28.89	31.42	23.34
EBITDA Margin	11.89%	13.93%	9.38%	11.18%	11.38%
D&A For EBITDA	8.75	8.75	8.09	9.67	11.49
EBIT	30.55	38.25	20.79	21.74	11.85
EBIT Margin	9.24%	11.34%	6.75%	7.74%	5.78%
Effective Tax Rate	25.18%	18.30%	22.90%	9.64%	34.31%

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