FTG Holdings Income Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	4,070	4,094	4,387	4,026	3,383	2,911
Revenue Growth (YoY)	-8.21%	-6.67%	8.97%	19.00%	16.23%	20.04%
Cost of Revenue	2,661	2,679	2,880	3,037	2,271	1,791
Gross Profit	1,409	1,415	1,507	989.24	1,112	1,119
Selling, General & Admin	1,073	1,061	1,057	887.41	799.35	768.16
Other Operating Expenses	169.07	178.27	171.69	141.18	49.54	45.25
Operating Expenses	1,242	1,239	1,229	1,029	848.89	813.41
Operating Income	166.88	176.49	278.31	-39.35	262.78	306
Interest Expense	-356.05	-379.92	-252.7	-178.56	-146.64	-124.67
Currency Exchange Gain (Loss)	43.85	43.85	-72.91	-34.69	-3.85	-33.75
Other Non Operating Income (Expenses)	-2.54	-2.54	-14.13	-13.13	-	-
EBT Excluding Unusual Items	-147.87	-162.12	-61.44	-265.73	112.29	147.58
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.83
Pretax Income	145.73	131.48	-61.44	-265.73	112.29	148.41
Income Tax Expense	-70.4	-70.4	13.22	-50.76	9.75	73.23
Net Income	216.12	201.87	-74.66	-214.97	102.54	75.18
Net Income to Common	216.12	201.87	-74.66	-214.97	102.54	75.18
Net Income Growth	-	-	-	-	36.40%	67.31%
Shares Outstanding (Basic)	178	178	178	178	178	178
Shares Outstanding (Diluted)	178	178	178	178	178	178
Shares Change (YoY)	-2.15%	-	-	-	-	-
EPS (Basic)	1.21	1.13	-0.42	-1.21	0.58	0.42
EPS (Diluted)	1.21	1.13	-0.42	-1.21	0.58	0.42
EPS Growth	-	-	-	-	36.40%	67.31%
Free Cash Flow	-129.42	-300.02	-196.58	-360.3	-183.43	-70.28
Free Cash Flow Per Share	-0.73	-1.69	-1.10	-2.02	-1.03	-0.40
Gross Margin	34.62%	34.57%	34.35%	24.57%	32.86%	38.46%
Operating Margin	4.10%	4.31%	6.34%	-0.98%	7.77%	10.51%
Profit Margin	5.31%	4.93%	-1.70%	-5.34%	3.03%	2.58%
Free Cash Flow Margin	-3.18%	-7.33%	-4.48%	-8.95%	-5.42%	-2.42%
EBITDA	268.97	282.45	391.97	52.17	333.52	369.14
EBITDA Margin	6.61%	6.90%	8.94%	1.30%	9.86%	12.68%
D&A For EBITDA	102.09	105.95	113.67	91.52	70.74	63.14
EBIT	166.88	176.49	278.31	-39.35	262.78	306
EBIT Margin	4.10%	4.31%	6.34%	-0.98%	7.77%	10.51%
Effective Tax Rate	-	-	-	-	8.68%	49.34%
Advertising Expenses	-	-	-	-	80.38	52.7

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.