Palestine Telecommunications Company P.L.C (PEX:PALTEL)

PEX:PALTEL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	246.61	241.13	280.44	308.9	308.58	296.77
Revenue Growth (YoY)	-6.50%	-14.02%	-9.21%	0.10%	3.98%	-0.29%
Cost of Revenue	35.13	34.62	56.4	62.98	62.09	69.4
Gross Profit	211.48	206.51	224.04	245.92	246.49	227.36
Selling, General & Admin	166.39	163.99	104.09	117.34	114.94	96.47
Other Operating Expenses	-12.77	-12.75	1.75	2.09	1.87	1.74
Operating Expenses	153.62	151.23	165.32	169.4	170.33	162.93
Operating Income	57.87	55.27	58.72	76.53	76.16	64.43
Interest Expense	-6.87	-6.87	-0.21	-0.31	-0.31	-7.63
Interest & Investment Income	-	-	1.14	2.27	7.02	5.96
Earnings From Equity Investments	0.79	0.79	-0.29	0.61	1.49	3.11
Currency Exchange Gain (Loss)	-	-	2.92	-1.14	0.53	1.53
Other Non Operating Income (Expenses)	-	-	-5.91	-3.14	-10.04	-1.1
EBT Excluding Unusual Items	51.78	49.19	56.38	74.82	74.85	66.3
Gain (Loss) on Sale of Investments	-	-	-	-	-	-5.66
Gain (Loss) on Sale of Assets	-	-	0.44	-0.04	0.75	-0.03
Asset Writedown	-	-	-2.44	-	-	-
Pretax Income	51.78	49.19	54.38	74.78	75.6	60.6
Income Tax Expense	8.18	7.26	11.03	17.69	18.43	17.11
Earnings From Continuing Operations	43.6	41.94	43.35	57.1	57.17	43.49
Earnings From Discontinued Operations	-	-	-	8.77	10.85	-
Net Income to Company	43.6	41.94	43.35	65.87	68.02	43.49
Minority Interest in Earnings	-0.17	-0.15	-0.01	-0.62	-0.59	-0.45
Net Income	43.44	41.79	43.34	65.24	67.43	43.04
Net Income to Common	43.44	41.79	43.34	65.24	67.43	43.04
Net Income Growth	13.51%	-3.57%	-33.58%	-3.24%	56.67%	-32.72%
Shares Outstanding (Basic)	131	132	132	132	132	132
Shares Outstanding (Diluted)	131	132	132	132	132	132
Shares Change (YoY)	-0.34%	0.15%	-	-	-	-
EPS (Basic)	0.33	0.32	0.33	0.50	0.51	0.33
EPS (Diluted)	0.33	0.32	0.33	0.50	0.51	0.33
EPS Growth	13.90%	-3.72%	-33.58%	-3.24%	56.67%	-32.72%
Free Cash Flow	47.95	50.61	35.95	36.88	109.09	66.19
Free Cash Flow Per Share	0.36	0.38	0.27	0.28	0.83	0.50
Dividend Per Share	0.300	0.300	0.300	0.400	0.400	0.300
Dividend Growth	-	-	-25.00%	-	33.33%	-25.00%
Gross Margin	85.76%	85.64%	79.89%	79.61%	79.88%	76.61%
Operating Margin	23.46%	22.92%	20.94%	24.77%	24.68%	21.71%
Profit Margin	17.61%	17.33%	15.45%	21.12%	21.85%	14.50%
Free Cash Flow Margin	19.44%	20.99%	12.82%	11.94%	35.35%	22.30%
EBITDA	109.74	107.04	106.43	121.73	122.93	113.89
EBITDA Margin	44.50%	44.39%	37.95%	39.41%	39.84%	38.38%
D&A For EBITDA	51.87	51.77	47.72	45.2	46.77	49.46
EBIT	57.87	55.27	58.72	76.53	76.16	64.43
EBIT Margin	23.46%	22.92%	20.94%	24.77%	24.68%	21.71%
Effective Tax Rate	15.79%	14.75%	20.28%	23.65%	24.38%	28.23%

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