Belle Corporation (PSE: BEL)

Belle Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	5,264	5,465	5,209	3,302	4,030	7,339
Other Revenue	23.22	23.22	17.95	24.99	16.38	39.66
Revenue	5,287	5,488	5,227	3,327	4,047	7,379
Revenue Growth (YoY)	0.54%	5.01%	57.10%	-17.78%	-45.16%	-12.25%
Cost of Revenue	2,040	1,903	2,141	2,056	1,942	2,197
Gross Profit	3,247	3,586	3,086	1,271	2,105	5,182
Selling, General & Admin	780.29	762.63	759.03	685.95	878.66	993.07
Other Operating Expenses	61.35	61.35	-17.83	79.82	23.17	50.18
Operating Expenses	841.64	823.98	741.2	765.77	901.82	1,043
Operating Income	2,405	2,762	2,345	505.61	1,203	4,139
Interest Expense	-728.55	-536.97	-516.34	-603.83	-559.57	-478.88
Interest & Investment Income	145.03	74.3	29.13	30.26	69.45	101.94
Earnings From Equity Investments	2.73	2.73	-0.42	-1.67	-2.52	-
Currency Exchange Gain (Loss)	-1.53	-2.3	-1.66	0.75	-1.99	-0
Other Non Operating Income (Expenses)	-41.6	18.98	11.03	308.91	763.58	-152.63
EBT Excluding Unusual Items	1,781	2,318	1,867	240.02	1,472	3,609
Impairment of Goodwill	-	-	-	-	-417.8	-377.52
Gain (Loss) on Sale of Investments	155	200.62	-0.37	-23.62	-6.2	-15.25
Gain (Loss) on Sale of Assets	26.83	26.83	0.94	0.18	80.51	0.84
Asset Writedown	-	-	-	-	-9.33	-
Other Unusual Items	20.82	20.82	-	-	-	-
Pretax Income	1,984	2,567	1,867	216.57	1,119	3,217
Income Tax Expense	-3.2	143.48	156.7	-528.63	227.32	293.44
Earnings From Continuing Operations	1,987	2,423	1,710	745.2	891.7	2,924
Minority Interest in Earnings	-179.3	-539.63	-314.71	-168.22	109.58	-313.99
Net Income	1,808	1,884	1,396	576.98	1,001	2,610
Net Income to Common	1,808	1,884	1,396	576.98	1,001	2,610
Net Income Growth	15.24%	34.95%	141.91%	-42.38%	-61.63%	-1.44%
Shares Outstanding (Basic)	9,696	9,445	9,444	9,445	9,444	9,444
Shares Outstanding (Diluted)	9,696	9,445	9,444	9,445	9,444	9,444
Shares Change (YoY)	-	0.01%	-0.01%	0.01%	-	-4.72%
EPS (Basic)	0.19	0.20	0.15	0.06	0.11	0.28
EPS (Diluted)	0.19	0.20	0.15	0.06	0.11	0.28
EPS Growth	15.24%	34.93%	141.92%	-42.38%	-61.63%	3.45%
Free Cash Flow	3,641	3,663	2,319	1,132	-457.23	4,658
Free Cash Flow Per Share	0.38	0.39	0.25	0.12	-0.05	0.49
Dividend Per Share	-	-	0.060	-	-	0.120
Gross Margin	61.42%	65.33%	59.05%	38.21%	52.01%	70.23%
Operating Margin	45.50%	50.32%	44.86%	15.20%	29.73%	56.09%
Profit Margin	34.20%	34.32%	26.70%	17.34%	24.74%	35.37%
Free Cash Flow Margin	68.87%	66.74%	44.36%	34.02%	-11.30%	63.12%
EBITDA	3,114	3,340	2,874	1,770	2,444	5,143
EBITDA Margin	58.90%	60.85%	55.00%	53.22%	60.39%	69.70%
D&A For EBITDA	708.84	577.91	529.6	1,265	1,241	1,004
EBIT	2,405	2,762	2,345	505.61	1,203	4,139
EBIT Margin	45.50%	50.32%	44.86%	15.20%	29.73%	56.09%
Effective Tax Rate	-	5.59%	8.39%	-	20.31%	9.12%
Revenue as Reported	5,400	5,601	5,419	3,421	4,173	7,469

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