Makati Finance Corporation (PSE:MFIN)

Avangrid 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	191.63	183.66	175.17	158.98	174.72	164.1
Total Interest Expense	37.9	38.12	34.65	33.13	35.88	42.57
Net Interest Income	153.72	145.54	140.52	125.85	138.83	121.53
Gain (Loss) on Sale of Investments	21.57	21.57	-	-	-	-
Revenue Before Loan Losses	185.26	176.14	148.95	130.54	144.94	126.11
Provision for Loan Losses	20.85	19.35	32.18	18.84	16.32	14.65
Revenue	164.41	156.79	116.77	111.69	128.62	111.46
Revenue Growth (YoY)	39.67%	34.27%	4.55%	-13.16%	15.39%	-21.17%
Salaries & Employee Benefits	65.1	64.27	56.75	60.61	59.46	54.32
Cost of Services Provided	37.41	38.84	22.33	25.65	26.4	15.19
Other Operating Expenses	39.61	36.33	21.22	14.32	27.57	21.51
Total Operating Expenses	158.65	156.05	117.18	112.89	125.46	109.52
Operating Income	5.76	0.74	-0.41	-1.2	3.16	1.95
EBT Excluding Unusual Items	22.21	19.87	12.44	-1.2	20.57	17.57
Pretax Income	26.65	24.32	17.26	23.41	25	17.57
Income Tax Expense	10.44	9.86	4.34	5.55	15.29	6.74
Net Income	16.21	14.46	12.92	17.85	9.7	10.83
Net Income to Common	16.21	14.46	12.92	17.85	9.7	10.83
Net Income Growth	20.72%	11.91%	-27.61%	83.97%	-10.37%	-50.12%
Shares Outstanding (Basic)	274	274	274	269	273	271
Shares Outstanding (Diluted)	274	274	274	269	273	271
Shares Change (YoY)	-	-	1.71%	-1.24%	0.47%	8.82%
EPS (Basic)	0.06	0.05	0.05	0.07	0.04	0.04
EPS (Diluted)	0.06	0.05	0.05	0.07	0.04	0.04
EPS Growth	20.72%	5.97%	-28.83%	86.27%	-10.79%	-53.82%
Free Cash Flow	-55.95	-44.62	-42.18	77.47	132.15	54.63
Free Cash Flow Per Share	-0.20	-0.16	-0.15	0.29	0.48	0.20
Dividend Per Share	-	-	0.007	0.010	0.005	0.006
Dividend Growth	-	-	-27.55%	84.91%	-10.17%	-50.42%
Operating Margin	3.51%	0.47%	-0.35%	-1.07%	2.46%	1.75%
Profit Margin	9.86%	9.22%	11.07%	15.98%	7.54%	9.71%
Free Cash Flow Margin	-34.03%	-28.46%	-36.12%	69.36%	102.74%	49.01%
Effective Tax Rate	39.17%	40.53%	25.13%	23.72%	61.18%	38.38%

Updated Nov 15, 2024. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.