Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG)

PSE: CNVRG 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
Revenue	39,049	35,359	33,696	26,479	15,652	9,139
Revenue Growth (YoY)	10.11%	4.94%	27.26%	69.17%	71.26%	80.82%
Cost of Revenue	14,764	13,110	13,907	10,727	7,065	4,441
Gross Profit	24,285	22,249	19,788	15,751	8,588	4,699
Selling, General & Admin	7,904	6,693	6,131	4,551	2,772	1,415
Other Operating Expenses	-1,158	-302.45	-173.4	-38.14	-93.11	-18.34
Operating Expenses	7,511	7,759	7,618	5,518	3,399	1,926
Operating Income	16,774	14,490	12,170	10,234	5,188	2,772
Interest Expense	-1,961	-2,079	-1,732	-485.52	-550.31	-275.05
Interest & Investment Income	388.04	388.04	52.68	44.49	48.36	-
Earnings From Equity Investments	299.85	248.09	50.97	38.59	-	-
Currency Exchange Gain (Loss)	77.42	77.42	27.44	-270.47	269.75	-
EBT Excluding Unusual Items	15,578	13,125	10,569	9,561	4,956	2,497
Gain (Loss) on Sale of Investments	2.23	3.6	-6.4	-19.61	-26.49	-
Gain (Loss) on Sale of Assets	52.69	52.69	-163.6	-0.67	-50.89	-
Asset Writedown	-1,059	-1,059	-543.59	-	-	-
Other Unusual Items	-	-	-	12.49	-	-
Pretax Income	14,574	12,122	9,856	9,553	4,879	2,497
Income Tax Expense	3,632	3,023	2,416	2,395	1,491	592.52
Earnings From Continuing Operations	10,943	9,099	7,439	7,158	3,388	1,905
Minority Interest in Earnings	-2.03	-2.03	-	-	-	55.29
Net Income	10,941	9,097	7,439	7,158	3,388	1,960
Net Income to Common	10,941	9,097	7,439	7,158	3,388	1,960
Net Income Growth	42.08%	22.28%	3.93%	111.29%	72.85%	55.91%
Shares Outstanding (Basic)	7,290	7,267	7,375	7,526	5,592	6,323
Shares Outstanding (Diluted)	7,290	7,267	7,375	7,526	7,057	6,323
Shares Change (YoY)	-0.81%	-1.47%	-2.01%	6.64%	11.62%	26.45%
EPS (Basic)	1.50	1.25	1.01	0.95	0.61	0.31
EPS (Diluted)	1.50	1.25	1.01	0.95	0.48	0.31
EPS Growth	43.07%	23.92%	6.18%	97.92%	54.84%	24.00%
Free Cash Flow	11,800	9,033	-6,783	-10,498	-6,299	-5,086
Free Cash Flow Per Share	1.62	1.24	-0.92	-1.39	-0.89	-0.80
Gross Margin	62.19%	62.92%	58.73%	59.49%	54.87%	51.41%
Operating Margin	42.96%	40.98%	36.12%	38.65%	33.15%	30.33%
Profit Margin	28.02%	25.73%	22.08%	27.03%	21.64%	21.45%
Free Cash Flow Margin	30.22%	25.55%	-20.13%	-39.65%	-40.24%	-55.65%
EBITDA	23,166	19,930	17,957	14,060	7,414	4,439
EBITDA Margin	59.33%	56.37%	53.29%	53.10%	47.37%	48.57%
D&A For EBITDA	6,392	5,440	5,787	3,826	2,226	1,666
EBIT	16,774	14,490	12,170	10,234	5,188	2,772
EBIT Margin	42.96%	40.98%	36.12%	38.65%	33.15%	30.33%
Effective Tax Rate	24.92%	24.94%	24.52%	25.07%	30.56%	23.73%
Advertising Expenses	-	439.04	594.14	533.86	74.95	-

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