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

Max's Group Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	12,022	11,966	12,173	11,966	10,983	7,640
Revenue Growth (YoY)	-1.38%	-1.70%	1.73%	8.95%	43.76%	6.94%
Cost of Revenue	8,276	8,288	8,464	8,061	7,214	5,309
Gross Profit	3,746	3,678	3,710	3,905	3,770	2,331
Selling, General & Admin	2,867	2,822	2,800	2,929	2,603	2,328
Other Operating Expenses	106.4	106.4	108.83	88.07	88.65	46.04
Operating Expenses	2,974	2,929	2,909	3,017	2,691	2,374
Operating Income	772.45	749.02	801.03	888.21	1,078	-43.93
Interest Expense	-302.64	-307.45	-291.29	-318.31	-288.78	-274.95
Interest & Investment Income	1.68	1.68	7.85	2.62	1.32	0.42
Other Non Operating Income (Expenses)	41.24	68.13	70.09	94.75	20.6	92.49
EBT Excluding Unusual Items	512.73	511.38	587.68	667.27	811.41	-225.97
Gain (Loss) on Sale of Investments	-	-	-	25.62	-	-
Gain (Loss) on Sale of Assets	-18.16	-18.16	-22.46	19.51	-30.28	439.15
Asset Writedown	-	-	-	-	-41.06	-
Other Unusual Items	9.12	9.12	4.91	3.49	114.97	321.55
Pretax Income	503.69	502.34	570.13	715.88	855.04	534.72
Income Tax Expense	132.35	139.59	151.3	229.89	233.33	83.74
Earnings From Continuing Operations	371.33	362.75	418.83	485.99	621.71	450.98
Minority Interest in Earnings	1.56	1.78	-0.32	-0.18	-3.58	-0.88
Net Income	372.89	364.52	418.51	485.82	618.12	450.11
Net Income to Common	372.89	364.52	418.51	485.82	618.12	450.11
Net Income Growth	-6.61%	-12.90%	-13.85%	-21.40%	37.33%	-
Shares Outstanding (Basic)	783	780	780	779	779	779
Shares Outstanding (Diluted)	783	780	780	779	779	779
Shares Change (YoY)	2.31%	-	0.13%	-0.11%	-	-
EPS (Basic)	0.48	0.47	0.54	0.62	0.79	0.58
EPS (Diluted)	0.48	0.47	0.54	0.62	0.79	0.58
EPS Growth	-8.61%	-12.90%	-13.96%	-21.32%	37.33%	-
Free Cash Flow	603.55	676.24	429.72	720.47	1,074	493.45
Free Cash Flow Per Share	0.77	0.87	0.55	0.93	1.38	0.63
Dividend Per Share	0.122	0.122	0.141	0.169	0.193	-
Dividend Growth	-13.01%	-13.01%	-16.60%	-12.51%	-	-
Gross Margin	31.16%	30.73%	30.47%	32.64%	34.32%	30.50%
Operating Margin	6.42%	6.26%	6.58%	7.42%	9.82%	-0.57%
Profit Margin	3.10%	3.05%	3.44%	4.06%	5.63%	5.89%
Free Cash Flow Margin	5.02%	5.65%	3.53%	6.02%	9.78%	6.46%
EBITDA	1,203	1,173	1,271	1,322	1,494	368.16
EBITDA Margin	10.00%	9.80%	10.44%	11.05%	13.60%	4.82%
D&A For EBITDA	430.12	423.66	469.54	433.93	415.4	412.08
EBIT	772.45	749.02	801.03	888.21	1,078	-43.93
EBIT Margin	6.42%	6.26%	6.58%	7.42%	9.82%	-0.57%
Effective Tax Rate	26.28%	27.79%	26.54%	32.11%	27.29%	15.66%
Revenue as Reported	12,022	11,966	12,173	11,966	10,983	7,640

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