Nickel Asia Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	29,617	21,535	23,838	26,974	26,354
Revenue Growth (YoY)	37.53%	-9.66%	-11.62%	2.35%	25.87%
Cost of Revenue	16,169	13,025	13,231	12,829	12,190
Gross Profit	13,449	8,511	10,608	14,145	14,164
Selling, General & Admin	1,962	1,739	1,680	1,508	1,372
Other Operating Expenses	-	-	-	-	15.07
Operating Expenses	1,962	3,652	1,744	1,509	1,388
Operating Income	11,487	4,859	8,863	12,636	12,777
Interest Expense	-482.2	-430.7	-390.26	-239.28	-165.56
Interest & Investment Income	-	681.41	552.48	225.47	194.15
Earnings From Equity Investments	-249.46	-897.93	-1,038	942.14	557.86
Currency Exchange Gain (Loss)	-	411.28	-79.44	1,215	558.85
Other Non Operating Income (Expenses)	1,460	-139.21	-118.57	-35.24	62.2
EBT Excluding Unusual Items	12,216	4,484	7,790	14,744	13,984
Gain (Loss) on Sale of Investments	-	23.54	226.86	-494.91	41.14
Gain (Loss) on Sale of Assets	-	52.88	5.25	56.13	8.36
Other Unusual Items	-	0.45	-	-	-63.38
Pretax Income	12,216	4,561	8,022	14,305	13,970
Income Tax Expense	3,368	1,638	2,228	3,429	3,332
Earnings From Continuing Operations	8,848	2,922	5,794	10,876	10,638
Minority Interest in Earnings	-2,579	-1,401	-2,044	-2,945	-2,826
Net Income	6,269	1,521	3,750	7,931	7,813
Preferred Dividends & Other Adjustments	-	0.5	0.5	0.5	0.5
Net Income to Common	6,269	1,521	3,749	7,931	7,812
Net Income Growth	312.03%	-59.42%	-52.72%	1.52%	92.02%
Shares Outstanding (Basic)	13,931	13,931	13,835	13,631	13,631
Shares Outstanding (Diluted)	13,931	13,931	13,835	13,631	13,631
Shares Change (YoY)	-0.00%	0.69%	1.50%	-	-0.02%
EPS (Basic)	0.45	0.11	0.27	0.58	0.57
EPS (Diluted)	0.45	0.11	0.27	0.58	0.57
EPS Growth	312.18%	-59.56%	-53.45%	1.75%	91.02%
Free Cash Flow	1,684	-1,300	2,600	10,359	7,872
Free Cash Flow Per Share	0.12	-0.09	0.19	0.76	0.58
Dividend Per Share	-	0.066	0.080	0.170	0.170
Dividend Growth	-	-17.50%	-52.94%	-	88.89%
Gross Margin	45.41%	39.52%	44.50%	52.44%	53.75%
Operating Margin	38.78%	22.56%	37.18%	46.84%	48.48%
Profit Margin	21.17%	7.06%	15.73%	29.40%	29.64%
Free Cash Flow Margin	5.68%	-6.04%	10.90%	38.40%	29.87%
EBITDA	13,983	6,825	10,881	14,261	14,372
EBITDA Margin	47.21%	31.69%	45.64%	52.87%	54.54%
D&A For EBITDA	2,497	1,966	2,017	1,625	1,596
EBIT	11,487	4,859	8,863	12,636	12,777
EBIT Margin	38.78%	22.56%	37.18%	46.84%	48.48%
Effective Tax Rate	27.57%	35.92%	27.77%	23.97%	23.85%
Revenue as Reported	29,617	22,325	24,700	28,003	27,404
Advertising Expenses	-	66.07	70.38	40.13	27.33

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.