Africa Mega Agricorp Plc (NASE:AMAC)

Africa Mega Agricorp Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	70.55	51.5	49.4	56.99	60.01
Revenue Growth (YoY)	36.98%	4.25%	-13.30%	-5.04%	-16.93%
Cost of Revenue	59.33	43	42.06	48.83	47.94
Gross Profit	11.22	8.5	7.35	8.16	12.07
Selling, General & Admin	8.08	4.94	3.93	8.83	4.51
Operating Expenses	8.08	4.94	3.93	8.83	5.2
Operating Income	3.13	3.56	3.42	-0.68	6.87
Interest Expense	-0.56	-0.42	-0.29	-0.42	-0.54
EBT Excluding Unusual Items	2.57	3.15	3.13	-1.09	6.33
Gain (Loss) on Sale of Investments	-0	-0	-0	-0	-0.01
Pretax Income	2.57	3.15	3.13	-1.09	6.31
Income Tax Expense	0.81	1.22	-0.56	11.45	-2.12
Net Income	1.77	1.92	3.69	-12.54	8.43
Preferred Dividends & Other Adjustments	0.06	0.06	0.11	0.06	0.06
Net Income to Common	1.71	1.87	3.58	-12.6	8.38
Net Income Growth	-8.15%	-47.86%	-	-	-5.09%
Shares Outstanding (Basic)	13	13	13	13	-
Shares Outstanding (Diluted)	13	13	13	13	-
Shares Change (YoY)	-	0.64%	-0.53%	-	-
EPS (Basic)	0.13	0.15	0.28	-0.98	-
EPS (Diluted)	0.13	0.15	0.28	-0.98	-
EPS Growth	-8.39%	-48.12%	-	-	-
Free Cash Flow	0.23	1.62	-0.83	1.23	2.4
Free Cash Flow Per Share	0.02	0.13	-0.07	0.10	-
Gross Margin	15.90%	16.50%	14.87%	14.31%	20.11%
Operating Margin	4.44%	6.92%	6.92%	-1.19%	11.45%
Profit Margin	2.43%	3.63%	7.25%	-22.11%	13.96%
Free Cash Flow Margin	0.33%	3.14%	-1.67%	2.15%	4.00%
EBITDA	6.09	4.89	4.66	0.86	8.78
EBITDA Margin	8.63%	9.50%	9.43%	1.51%	14.63%
D&A For EBITDA	2.96	1.33	1.24	1.54	1.91
EBIT	3.13	3.56	3.42	-0.68	6.87
EBIT Margin	4.44%	6.92%	6.92%	-1.19%	11.45%
Effective Tax Rate	31.33%	38.83%	-	-	-
Advertising Expenses	0.48	0.32	-	-	-

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