Nickel Asia Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	27,150	21,535	23,838	26,974	26,354	20,937
Revenue Growth (YoY)	25.65%	-9.66%	-11.62%	2.35%	25.87%	21.38%
Cost of Revenue	14,530	13,025	13,231	12,829	12,190	11,711
Gross Profit	12,621	8,511	10,608	14,145	14,164	9,226
Selling, General & Admin	1,805	1,739	1,680	1,508	1,372	1,328
Other Operating Expenses	0.21	-	-	-	15.07	14.76
Operating Expenses	3,717	3,652	1,744	1,509	1,388	1,342
Operating Income	8,903	4,859	8,863	12,636	12,777	7,884
Interest Expense	-447.41	-430.7	-390.26	-239.28	-165.56	-191.69
Interest & Investment Income	537.1	681.41	552.48	225.47	194.15	271.77
Earnings From Equity Investments	-504.65	-897.93	-1,038	942.14	557.86	190.45
Currency Exchange Gain (Loss)	333.57	411.28	-79.44	1,215	558.85	-450.84
Other Non Operating Income (Expenses)	615.37	-139.21	-118.57	-35.24	62.2	103.37
EBT Excluding Unusual Items	9,437	4,484	7,790	14,744	13,984	7,807
Gain (Loss) on Sale of Investments	33.99	23.54	226.86	-494.91	41.14	5.36
Gain (Loss) on Sale of Assets	0.77	52.88	5.25	56.13	8.36	-4.35
Other Unusual Items	0.45	0.45	-	-	-63.38	-
Pretax Income	9,472	4,561	8,022	14,305	13,970	7,808
Income Tax Expense	2,976	1,638	2,228	3,429	3,332	2,319
Earnings From Continuing Operations	6,496	2,922	5,794	10,876	10,638	5,489
Minority Interest in Earnings	-2,334	-1,401	-2,044	-2,945	-2,826	-1,420
Net Income	4,162	1,521	3,750	7,931	7,813	4,069
Preferred Dividends & Other Adjustments	0.5	0.5	0.5	0.5	0.5	0.5
Net Income to Common	4,161	1,521	3,749	7,931	7,812	4,068
Net Income Growth	56.69%	-59.42%	-52.72%	1.52%	92.02%	51.54%
Shares Outstanding (Basic)	13,931	13,931	13,835	13,631	13,631	13,634
Shares Outstanding (Diluted)	13,931	13,931	13,835	13,631	13,631	13,634
Shares Change (YoY)	0.03%	0.69%	1.50%	-	-0.02%	-0.27%
EPS (Basic)	0.30	0.11	0.27	0.58	0.57	0.30
EPS (Diluted)	0.30	0.11	0.27	0.58	0.57	0.30
EPS Growth	57.12%	-59.56%	-53.45%	1.75%	91.02%	51.95%
Free Cash Flow	7,043	-1,300	2,600	10,359	7,872	6,637
Free Cash Flow Per Share	0.51	-0.09	0.19	0.76	0.58	0.49
Dividend Per Share	0.066	0.066	0.080	0.170	0.170	0.090
Dividend Growth	-17.50%	-17.50%	-52.94%	-	88.89%	12.50%
Gross Margin	46.48%	39.52%	44.50%	52.44%	53.75%	44.06%
Operating Margin	32.79%	22.56%	37.18%	46.84%	48.48%	37.65%
Profit Margin	15.33%	7.06%	15.73%	29.40%	29.64%	19.43%
Free Cash Flow Margin	25.94%	-6.04%	10.90%	38.40%	29.87%	31.70%
EBITDA	11,041	6,825	10,881	14,261	14,372	9,330
EBITDA Margin	40.66%	31.69%	45.64%	52.87%	54.54%	44.56%
D&A For EBITDA	2,137	1,966	2,017	1,625	1,596	1,446
EBIT	8,903	4,859	8,863	12,636	12,777	7,884
EBIT Margin	32.79%	22.56%	37.18%	46.84%	48.48%	37.65%
Effective Tax Rate	31.42%	35.92%	27.77%	23.97%	23.85%	29.70%
Revenue as Reported	28,183	22,325	24,700	28,003	27,404	21,772
Advertising Expenses	-	66.07	70.38	40.13	27.33	17.19

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.