Makati Finance Corporation (PSE: MFIN)

Makati Finance 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	181.47	175.17	158.98	174.72	164.1	173.3
Total Interest Expense	37.31	34.65	33.13	35.88	42.57	25.93
Net Interest Income	144.17	140.52	125.85	138.83	121.53	147.36
Revenue Before Loan Losses	152.59	148.95	130.54	144.94	126.11	156.9
Provision for Loan Losses	30.09	32.18	18.84	16.32	14.65	15.49
Revenue	122.5	116.77	111.69	128.62	111.46	141.4
Revenue Growth (YoY)	5.98%	4.55%	-13.16%	15.39%	-21.17%	8.62%
Salaries & Employee Benefits	57.7	56.75	60.61	59.46	54.32	58.7
Cost of Services Provided	21.17	20.57	28.49	26.4	15.19	19.9
Other Operating Expenses	25.16	22.98	24.48	27.57	21.51	9.02
Total Operating Expenses	121.03	117.18	123.05	125.46	109.52	106.99
Operating Income	1.47	-0.41	-11.35	3.16	1.95	34.41
EBT Excluding Unusual Items	12.39	12.44	-1.2	20.57	17.57	34.41
Pretax Income	17.21	17.26	23.41	25	17.57	34.41
Income Tax Expense	4.1	4.34	5.55	15.29	6.74	12.71
Net Income	13.12	12.92	17.85	9.7	10.83	21.71
Net Income to Common	13.12	12.92	17.85	9.7	10.83	21.71
Net Income Growth	-39.19%	-27.61%	83.97%	-10.37%	-50.12%	136.59%
Shares Outstanding (Basic)	272	272	273	273	271	249
Shares Outstanding (Diluted)	272	272	273	273	271	249
Shares Change (YoY)	-0.29%	-0.29%	0.19%	0.47%	8.82%	-6.76%
EPS (Basic)	0.05	0.05	0.07	0.04	0.04	0.09
EPS (Diluted)	0.05	0.05	0.07	0.04	0.04	0.09
EPS Growth	-39.01%	-27.40%	83.63%	-10.79%	-53.82%	151.88%
Free Cash Flow	-23.63	-42.18	77.47	132.15	54.63	-222.47
Free Cash Flow Per Share	-0.09	-0.15	0.28	0.48	0.20	-0.89
Dividend Per Share	0.007	0.007	0.010	0.005	0.006	0.012
Dividend Growth	-27.55%	-27.55%	84.91%	-10.17%	-50.42%	138.00%
Operating Margin	1.20%	-0.35%	-10.17%	2.46%	1.75%	24.34%
Profit Margin	10.71%	11.07%	15.98%	7.55%	9.71%	15.35%
Free Cash Flow Margin	-19.29%	-36.12%	69.36%	102.74%	49.01%	-157.33%
Effective Tax Rate	23.80%	25.13%	23.72%	61.18%	38.38%	36.92%

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