The Standard Group 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	1,583	1,843	2,381	2,726	3,127	2,894
Revenue Growth (YoY)	-27.04%	-22.60%	-12.64%	-12.81%	8.04%	-28.58%
Cost of Revenue	314.76	622.32	786.42	819.49	856.91	827.37
Gross Profit	1,268	1,221	1,595	1,907	2,270	2,067
Selling, General & Admin	2,046	2,046	2,174	2,508	2,403	2,351
Operating Expenses	2,288	2,288	2,220	2,754	2,210	2,426
Operating Income	-1,020	-1,067	-625.31	-847.74	59.33	-359.45
Interest Expense	-99.72	-110.56	-88.74	-215.68	-162.83	-164.36
Currency Exchange Gain (Loss)	41.2	41.2	-65.79	-25.87	-10.23	-19.38
Other Non Operating Income (Expenses)	41.76	32.97	50.26	65.29	88.4	103.18
EBT Excluding Unusual Items	-1,036	-1,103	-729.58	-1,024	-25.33	-440.01
Gain (Loss) on Sale of Assets	3.72	3.72	7.04	0.53	3.37	5.58
Pretax Income	-1,033	-1,100	-722.54	-1,023	-21.96	-434.43
Income Tax Expense	88.56	-	538.9	-158.26	51.2	-82.24
Earnings From Continuing Operations	-1,121	-1,100	-1,261	-865.2	-73.16	-352.19
Earnings From Discontinued Operations	-	-	-	-	-	50.56
Net Income to Company	-1,121	-1,100	-1,261	-865.2	-73.16	-301.63
Minority Interest in Earnings	54.14	78.36	95.04	44.18	7.36	42.3
Net Income	-1,067	-1,021	-1,166	-821.02	-65.8	-259.33
Net Income to Common	-1,067	-1,021	-1,166	-821.02	-65.8	-259.33
Shares Outstanding (Basic)	82	82	82	82	82	82
Shares Outstanding (Diluted)	82	82	82	82	82	82
EPS (Basic)	-13.06	-12.50	-14.27	-10.05	-0.81	-3.17
EPS (Diluted)	-13.06	-12.50	-14.27	-10.05	-0.81	-3.17
Free Cash Flow	263.79	131.68	402.69	474.25	7.1	-27.72
Free Cash Flow Per Share	3.23	1.61	4.93	5.80	0.09	-0.34
Gross Margin	80.12%	66.24%	66.98%	69.94%	72.59%	71.41%
Operating Margin	-64.40%	-57.89%	-26.26%	-31.10%	1.90%	-12.42%
Profit Margin	-67.40%	-55.41%	-48.98%	-30.12%	-2.10%	-8.96%
Free Cash Flow Margin	16.66%	7.14%	16.91%	17.40%	0.23%	-0.96%
EBITDA	-855.65	-898.32	-446.88	-656.98	263	-128.94
EBITDA Margin	-54.05%	-48.74%	-18.77%	-24.10%	8.41%	-4.46%
D&A For EBITDA	163.93	168.76	178.43	190.76	203.67	230.51
EBIT	-1,020	-1,067	-625.31	-847.74	59.33	-359.45
EBIT Margin	-64.40%	-57.89%	-26.26%	-31.10%	1.90%	-12.42%
Advertising Expenses	-	138.87	161.73	151.72	221.63	191.41

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