Makati Finance Corporation (PSE:MFIN)

Makati Finance Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	183.66	175.17	158.98	174.72	164.1
Total Interest Expense	38.12	34.65	33.13	35.88	42.57
Net Interest Income	145.54	140.52	125.85	138.83	121.53
Gain (Loss) on Sale of Investments	21.57	-	-	-	-
Revenue Before Loan Losses	176.14	148.95	130.54	144.94	126.11
Provision for Loan Losses	19.35	32.18	18.84	16.32	14.65
Revenue	156.79	116.77	111.69	128.62	111.46
Revenue Growth (YoY)	34.27%	4.55%	-13.16%	15.39%	-21.17%
Salaries & Employee Benefits	64.27	56.75	60.61	59.46	54.32
Cost of Services Provided	38.84	22.33	25.65	26.4	15.19
Other Operating Expenses	36.33	21.22	14.32	27.57	21.51
Total Operating Expenses	156.05	117.18	112.89	125.46	109.52
Operating Income	0.74	-0.41	-1.2	3.16	1.95
EBT Excluding Unusual Items	19.87	12.44	-1.2	20.57	17.57
Pretax Income	24.32	17.26	23.41	25	17.57
Income Tax Expense	9.86	4.34	5.55	15.29	6.74
Net Income	14.46	12.92	17.85	9.7	10.83
Net Income to Common	14.46	12.92	17.85	9.7	10.83
Net Income Growth	11.91%	-27.61%	83.97%	-10.37%	-50.12%
Shares Outstanding (Basic)	274	274	269	273	271
Shares Outstanding (Diluted)	274	274	269	273	271
Shares Change (YoY)	-	1.71%	-1.24%	0.47%	8.82%
EPS (Basic)	0.05	0.05	0.07	0.04	0.04
EPS (Diluted)	0.05	0.05	0.07	0.04	0.04
EPS Growth	5.97%	-28.83%	86.27%	-10.79%	-53.82%
Free Cash Flow	-44.62	-42.18	77.47	132.15	54.63
Free Cash Flow Per Share	-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	0.47%	-0.35%	-1.07%	2.46%	1.75%
Profit Margin	9.22%	11.07%	15.98%	7.54%	9.71%
Free Cash Flow Margin	-28.46%	-36.12%	69.36%	102.74%	49.01%
Effective Tax Rate	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.