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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	73.13	175.17	158.98	174.72	164.1	173.3
Total Interest Expense	38.31	34.65	33.13	35.88	42.57	25.93
Net Interest Income	34.82	140.52	125.85	138.83	121.53	147.36
Revenue Before Loan Losses	43.65	148.95	130.54	144.94	126.11	156.9
Provision for Loan Losses	38.22	32.18	18.84	16.32	14.65	15.49
Revenue	5.43	116.77	111.69	128.62	111.46	141.4
Revenue Growth (YoY)	-95.41%	4.55%	-13.16%	15.39%	-21.17%	8.62%
Salaries & Employee Benefits	61.08	56.75	60.61	59.46	54.32	58.7
Cost of Services Provided	22.63	20.57	28.49	26.4	15.19	19.9
Other Operating Expenses	14.39	22.98	24.48	27.57	21.51	9.02
Total Operating Expenses	115.31	117.18	123.05	125.46	109.52	106.99
Operating Income	-109.88	-0.41	-11.35	3.16	1.95	34.41
EBT Excluding Unusual Items	13.92	12.44	-1.2	20.57	17.57	34.41
Pretax Income	18.74	17.26	23.41	25	17.57	34.41
Income Tax Expense	4.71	4.34	5.55	15.29	6.74	12.71
Net Income	14.03	12.92	17.85	9.7	10.83	21.71
Net Income to Common	14.03	12.92	17.85	9.7	10.83	21.71
Net Income Growth	-34.55%	-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)	-0.13%	-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	-34.46%	-27.40%	83.63%	-10.79%	-53.82%	151.88%
Free Cash Flow	14.06	-42.18	77.47	132.15	54.63	-222.47
Free Cash Flow Per Share	0.05	-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	-2024.02%	-0.35%	-10.17%	2.46%	1.75%	24.34%
Profit Margin	258.36%	11.07%	15.98%	7.55%	9.71%	15.35%
Free Cash Flow Margin	258.98%	-36.12%	69.36%	102.74%	49.01%	-157.33%
Effective Tax Rate	25.15%	25.13%	23.72%	61.18%	38.38%	36.92%

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