Nickel Asia Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Revenue	21,607	23,838	26,974	26,354	20,937	17,249	Upgrade
Revenue Growth (YoY)	-13.14%	-11.62%	2.35%	25.87%	21.38%	-3.84%	Upgrade
Cost of Revenue	13,220	13,231	12,829	12,190	11,711	10,720	Upgrade
Gross Profit	8,387	10,608	14,145	14,164	9,226	6,529	Upgrade
Selling, General & Admin	1,693	1,680	1,508	1,372	1,328	1,324	Upgrade
Other Operating Expenses	33.28	31.66	21.2	15.07	14.76	-129.13	Upgrade
Operating Expenses	1,791	1,776	1,530	1,388	1,342	1,195	Upgrade
Operating Income	6,596	8,832	12,615	12,777	7,884	5,334	Upgrade
Interest Expense	-249.19	-358.6	-218.09	-165.56	-191.69	-239.68	Upgrade
Interest & Investment Income	706.99	552.48	225.47	194.15	271.77	450.27	Upgrade
Earnings From Equity Investments	-1,323	-1,038	942.14	557.86	190.45	10.38	Upgrade
Currency Exchange Gain (Loss)	-80.9	-79.44	1,215	558.85	-450.84	-263.69	Upgrade
Other Non Operating Income (Expenses)	-122.29	-118.57	-35.24	62.2	103.37	-64.31	Upgrade
EBT Excluding Unusual Items	5,527	7,790	14,744	13,984	7,807	5,227	Upgrade
Gain (Loss) on Sale of Investments	252.76	226.86	-494.91	41.14	5.36	366.98	Upgrade
Gain (Loss) on Sale of Assets	38.84	5.25	56.13	8.36	-4.35	-13.14	Upgrade
Other Unusual Items	-	-	-	-63.38	-	-99.14	Upgrade
Pretax Income	5,819	8,022	14,305	13,970	7,808	5,482	Upgrade
Income Tax Expense	1,534	2,228	3,429	3,332	2,319	1,656	Upgrade
Earnings From Continuing Operations	4,285	5,794	10,876	10,638	5,489	3,826	Upgrade
Minority Interest in Earnings	-1,629	-2,044	-2,945	-2,826	-1,420	-1,141	Upgrade
Net Income	2,656	3,750	7,931	7,813	4,069	2,685	Upgrade
Preferred Dividends & Other Adjustments	0.5	0.5	0.5	0.5	0.5	0.5	Upgrade
Net Income to Common	2,656	3,749	7,931	7,812	4,068	2,684	Upgrade
Net Income Growth	-43.17%	-52.72%	1.52%	92.01%	51.54%	-10.74%	Upgrade
Shares Outstanding (Basic)	13,927	13,835	13,631	13,631	13,634	13,670	Upgrade
Shares Outstanding (Diluted)	13,927	13,835	13,631	13,631	13,634	13,670	Upgrade
Shares Change (YoY)	1.07%	1.50%	-	-0.02%	-0.27%	-0.10%	Upgrade
EPS (Basic)	0.19	0.27	0.58	0.57	0.30	0.20	Upgrade
EPS (Diluted)	0.19	0.27	0.58	0.57	0.30	0.20	Upgrade
EPS Growth	-42.42%	-53.45%	1.75%	91.02%	51.95%	-10.65%	Upgrade
Free Cash Flow	-977.52	2,600	10,359	7,872	6,637	4,560	Upgrade
Free Cash Flow Per Share	-0.07	0.19	0.76	0.58	0.49	0.33	Upgrade
Dividend Per Share	0.080	0.080	0.170	0.170	0.090	0.080	Upgrade
Dividend Growth	-52.94%	-52.94%	0%	88.89%	12.50%	14.29%	Upgrade
Gross Margin	38.82%	44.50%	52.44%	53.75%	44.07%	37.85%	Upgrade
Operating Margin	30.53%	37.05%	46.77%	48.48%	37.65%	30.92%	Upgrade
Profit Margin	12.29%	15.73%	29.40%	29.64%	19.43%	15.56%	Upgrade
Free Cash Flow Margin	-4.52%	10.91%	38.40%	29.87%	31.70%	26.43%	Upgrade
EBITDA	8,622	10,863	14,183	14,372	9,330	6,747	Upgrade
EBITDA Margin	39.91%	45.57%	52.58%	54.54%	44.56%	39.12%	Upgrade
D&A For EBITDA	2,026	2,031	1,568	1,596	1,446	1,413	Upgrade
EBIT	6,596	8,832	12,615	12,777	7,884	5,334	Upgrade
EBIT Margin	30.53%	37.05%	46.77%	48.48%	37.65%	30.92%	Upgrade
Effective Tax Rate	26.36%	27.77%	23.97%	23.85%	29.70%	30.20%	Upgrade
Revenue as Reported	22,391	24,700	28,003	27,404	21,772	17,923	Upgrade
Advertising Expenses	-	70.38	40.13	27.33	17.19	35.81	Upgrade

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