Nickel Asia Corporation (PSE: NIKL)

Nickel Asia 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	22,266	23,838	26,974	26,354	20,937	17,249
Revenue Growth (YoY)	-16.12%	-11.62%	2.35%	25.87%	21.38%	-3.84%
Cost of Revenue	13,471	13,231	12,829	12,190	11,711	10,720
Gross Profit	8,795	10,608	14,145	14,164	9,226	6,529
Selling, General & Admin	1,741	1,680	1,508	1,372	1,328	1,324
Other Operating Expenses	33.12	31.66	21.2	15.07	14.76	-129.13
Operating Expenses	1,838	1,776	1,530	1,388	1,342	1,195
Operating Income	6,957	8,832	12,615	12,777	7,884	5,334
Interest Expense	-308.91	-358.6	-218.09	-165.56	-191.69	-239.68
Interest & Investment Income	658.71	552.48	225.47	194.15	271.77	450.27
Earnings From Equity Investments	-1,349	-1,038	942.14	557.86	190.45	10.38
Currency Exchange Gain (Loss)	471.45	-79.44	1,215	558.85	-450.84	-263.69
Other Non Operating Income (Expenses)	-180.32	-118.57	-35.24	62.2	103.37	-64.31
EBT Excluding Unusual Items	6,249	7,790	14,744	13,984	7,807	5,227
Gain (Loss) on Sale of Investments	224.24	226.86	-494.91	41.14	5.36	366.98
Gain (Loss) on Sale of Assets	43.02	5.25	56.13	8.36	-4.35	-13.14
Other Unusual Items	-	-	-	-63.38	-	-99.14
Pretax Income	6,516	8,022	14,305	13,970	7,808	5,482
Income Tax Expense	1,770	2,228	3,429	3,332	2,319	1,656
Earnings From Continuing Operations	4,747	5,794	10,876	10,638	5,489	3,826
Minority Interest in Earnings	-1,627	-2,044	-2,945	-2,826	-1,420	-1,141
Net Income	3,120	3,750	7,931	7,813	4,069	2,685
Preferred Dividends & Other Adjustments	0.5	0.5	0.5	0.5	0.5	0.5
Net Income to Common	3,119	3,749	7,931	7,812	4,068	2,684
Net Income Growth	-46.61%	-52.72%	1.52%	92.01%	51.54%	-10.74%
Shares Outstanding (Basic)	13,920	13,835	13,631	13,631	13,634	13,670
Shares Outstanding (Diluted)	13,920	13,835	13,631	13,631	13,634	13,670
Shares Change (YoY)	2.10%	1.50%	-	-0.02%	-0.27%	-0.10%
EPS (Basic)	0.22	0.27	0.58	0.57	0.30	0.20
EPS (Diluted)	0.22	0.27	0.58	0.57	0.30	0.20
EPS Growth	-48.48%	-53.45%	1.75%	91.02%	51.95%	-10.65%
Free Cash Flow	664.81	2,600	10,359	7,872	6,637	4,560
Free Cash Flow Per Share	0.05	0.19	0.76	0.58	0.49	0.33
Dividend Per Share	0.080	0.080	0.170	0.170	0.090	0.080
Dividend Growth	-52.94%	-52.94%	0%	88.89%	12.50%	14.29%
Gross Margin	39.50%	44.50%	52.44%	53.75%	44.07%	37.85%
Operating Margin	31.24%	37.05%	46.77%	48.48%	37.65%	30.92%
Profit Margin	14.01%	15.73%	29.40%	29.64%	19.43%	15.56%
Free Cash Flow Margin	2.99%	10.91%	38.40%	29.87%	31.70%	26.43%
EBITDA	9,028	10,863	14,183	14,372	9,330	6,747
EBITDA Margin	40.54%	45.57%	52.58%	54.54%	44.56%	39.12%
D&A For EBITDA	2,071	2,031	1,568	1,596	1,446	1,413
EBIT	6,957	8,832	12,615	12,777	7,884	5,334
EBIT Margin	31.24%	37.05%	46.77%	48.48%	37.65%	30.92%
Effective Tax Rate	27.16%	27.77%	23.97%	23.85%	29.70%	30.20%
Revenue as Reported	23,070	24,700	28,003	27,404	21,772	17,923
Advertising Expenses	-	70.38	40.13	27.33	17.19	35.81

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