Max's Group, Inc. (PSE:MAXS)

Max's Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11,925	12,173	11,966	10,983	7,640	7,144
Revenue Growth (YoY)	-0.89%	1.73%	8.95%	43.76%	6.94%	-50.40%
Cost of Revenue	8,381	8,464	8,061	7,214	5,309	6,113
Gross Profit	3,544	3,710	3,905	3,770	2,331	1,031
Selling, General & Admin	2,724	2,811	2,929	2,603	2,328	2,349
Other Operating Expenses	156.93	108.83	88.07	88.65	46.04	45.87
Operating Expenses	2,881	2,920	3,017	2,691	2,374	2,395
Operating Income	663.1	790.18	888.21	1,078	-43.93	-1,365
Interest Expense	-297.75	-291.29	-318.31	-288.78	-274.95	-345.76
Interest & Investment Income	7.85	7.85	2.62	1.32	0.42	1.06
Other Non Operating Income (Expenses)	97.46	70.09	94.75	20.6	92.49	100.31
EBT Excluding Unusual Items	470.65	576.83	667.27	811.41	-225.97	-1,609
Merger & Restructuring Charges	-	-	-	-	-	-1,038
Gain (Loss) on Sale of Assets	-18.05	-17.55	48.61	-30.28	439.15	4.52
Asset Writedown	10.85	10.85	-	-41.06	-	-
Other Unusual Items	-	-	-	114.97	321.55	358.08
Pretax Income	463.45	570.13	715.88	855.04	534.72	-2,284
Income Tax Expense	69.79	151.3	229.89	233.33	83.74	-603
Earnings From Continuing Operations	393.67	418.83	485.99	621.71	450.98	-1,681
Minority Interest in Earnings	1.5	-0.32	-0.18	-3.58	-0.88	6.13
Net Income	395.17	418.51	485.82	618.12	450.11	-1,675
Net Income to Common	395.17	418.51	485.82	618.12	450.11	-1,675
Net Income Growth	10.61%	-13.85%	-21.40%	37.33%	-	-
Shares Outstanding (Basic)	784	779	779	779	779	779
Shares Outstanding (Diluted)	784	779	779	779	779	779
Shares Change (YoY)	2.25%	-	-0.11%	-	-	-0.09%
EPS (Basic)	0.50	0.54	0.62	0.79	0.58	-2.15
EPS (Diluted)	0.50	0.54	0.62	0.79	0.58	-2.15
EPS Growth	8.04%	-13.85%	-21.32%	37.33%	-	-
Free Cash Flow	338	429.72	720.47	1,074	493.45	-141.51
Free Cash Flow Per Share	0.43	0.55	0.93	1.38	0.63	-0.18
Dividend Per Share	0.141	0.141	0.169	0.193	-	-
Dividend Growth	-16.60%	-16.60%	-12.51%	-	-	-
Gross Margin	29.72%	30.47%	32.64%	34.32%	30.50%	14.43%
Operating Margin	5.56%	6.49%	7.42%	9.82%	-0.57%	-19.10%
Profit Margin	3.31%	3.44%	4.06%	5.63%	5.89%	-23.45%
Free Cash Flow Margin	2.83%	3.53%	6.02%	9.78%	6.46%	-1.98%
EBITDA	1,393	1,260	1,301	1,494	368.16	-898.07
EBITDA Margin	11.68%	10.35%	10.87%	13.60%	4.82%	-12.57%
D&A For EBITDA	729.99	469.54	412.85	415.4	412.08	466.51
EBIT	663.1	790.18	888.21	1,078	-43.93	-1,365
EBIT Margin	5.56%	6.49%	7.42%	9.82%	-0.57%	-19.10%
Effective Tax Rate	15.06%	26.54%	32.11%	27.29%	15.66%	-
Revenue as Reported	11,925	12,173	11,966	10,983	7,640	7,144

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