Nairobi Securities Exchange Plc (NASE: NSE)

NSE Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	30.38	30.38	36.81	29.34	548.26	577.11
Other Revenue	606.45	606.45	595.08	672.09	110.19	114.69
Revenue	636.84	636.84	631.89	701.43	658.44	691.8
Revenue Growth (YoY)	0.78%	0.78%	-9.91%	6.53%	-4.82%	-8.85%
Cost of Revenue	61.85	61.85	56	54.64	-	-
Gross Profit	574.99	574.99	575.89	646.79	658.44	691.8
Selling, General & Admin	325.57	325.57	324.97	259.27	467.21	573.04
Other Operating Expenses	136.91	136.91	97.92	109.15	-10.33	-10.18
Operating Expenses	495.05	495.05	471.47	429.18	456.89	562.86
Operating Income	79.94	79.94	104.43	217.61	201.56	128.94
Earnings From Equity Investments	-19.43	-19.43	-46.54	-3.39	16.19	14.26
Currency Exchange Gain (Loss)	16.23	16.23	3.13	0.5	0.79	-
Other Non Operating Income (Expenses)	2.76	2.76	1.38	-	-	-
EBT Excluding Unusual Items	79.49	79.49	62.39	214.72	218.53	143.21
Merger & Restructuring Charges	-	-	-	-	-	-52.36
Gain (Loss) on Sale of Investments	-9.67	-9.67	-7.37	-6.31	-	-
Gain (Loss) on Sale of Assets	0.01	0.01	-	2.46	0	1.51
Asset Writedown	-27.5	-27.5	-17.22	-	0.38	3.22
Other Unusual Items	-	-	-	-	-	8.92
Pretax Income	42.33	42.33	37.8	210.87	218.91	104.5
Income Tax Expense	23.92	23.92	24.08	78.33	51	24.35
Earnings From Continuing Operations	18.4	18.4	13.72	132.53	167.92	80.15
Minority Interest in Earnings	-0	-0	0.15	-2.01	-0.12	-1.23
Net Income	18.4	18.4	13.88	130.53	167.8	78.92
Net Income to Common	18.4	18.4	13.88	130.53	167.8	78.92
Net Income Growth	32.62%	32.62%	-89.37%	-22.21%	112.61%	-58.61%
Shares Outstanding (Basic)	260	260	260	260	260	260
Shares Outstanding (Diluted)	260	260	260	260	260	260
Shares Change (YoY)	0.02%	0.02%	0.15%	0.19%	-	-
EPS (Basic)	0.07	0.07	0.05	0.50	0.65	0.30
EPS (Diluted)	0.07	0.07	0.05	0.50	0.65	0.30
EPS Growth	32.59%	32.59%	-89.38%	-22.36%	112.61%	-58.61%
Free Cash Flow	-43.53	-43.53	-41.53	48.97	106.39	24.01
Free Cash Flow Per Share	-0.17	-0.17	-0.16	0.19	0.41	0.09
Dividend Per Share	0.160	0.160	0.200	0.400	0.530	0.080
Dividend Growth	-20.00%	-20.00%	-50.00%	-24.53%	562.50%	-72.41%
Gross Margin	90.29%	90.29%	91.14%	92.21%	100.00%	100.00%
Operating Margin	12.55%	12.55%	16.53%	31.02%	30.61%	18.64%
Profit Margin	2.89%	2.89%	2.20%	18.61%	25.48%	11.41%
Free Cash Flow Margin	-6.84%	-6.84%	-6.57%	6.98%	16.16%	3.47%
EBITDA	97.48	97.48	130.64	247.12	235.11	156.7
EBITDA Margin	15.31%	15.31%	20.67%	35.23%	35.71%	22.65%
D&A For EBITDA	17.55	17.55	26.21	29.51	33.56	27.76
EBIT	79.94	79.94	104.43	217.61	201.56	128.94
EBIT Margin	12.55%	12.55%	16.53%	31.02%	30.61%	18.64%
Effective Tax Rate	56.52%	56.52%	63.69%	37.15%	23.29%	23.30%
Revenue as Reported	662.32	662.32	642.76	714.27	669.94	715.64

Source: S&P Capital IQ. Standard template. Financial Sources.