Nickel Asia Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	28,751	28,522	21,535	23,838	26,974	26,354
Revenue Growth (YoY)	32.55%	32.44%	-9.66%	-11.62%	2.35%	25.87%
Cost of Revenue	14,930	15,076	13,025	13,231	12,829	12,190
Gross Profit	13,821	13,446	8,511	10,608	14,145	14,164
Selling, General & Admin	2,011	1,960	1,739	1,680	1,508	1,372
Other Operating Expenses	-	-	-	-	-	15.07
Operating Expenses	2,204	2,153	3,652	1,744	1,509	1,388
Operating Income	11,617	11,292	4,859	8,863	12,636	12,777
Interest Expense	-415.93	-439.01	-430.7	-390.26	-239.28	-165.56
Interest & Investment Income	542.15	542.15	681.41	552.48	225.47	194.15
Earnings From Equity Investments	-266.84	-249.46	-897.93	-1,038	942.14	557.86
Currency Exchange Gain (Loss)	855.29	855.29	411.28	-79.44	1,215	558.85
Other Non Operating Income (Expenses)	-701.71	-156.49	-139.21	-118.57	-35.24	62.2
EBT Excluding Unusual Items	11,630	11,845	4,484	7,790	14,744	13,984
Gain (Loss) on Sale of Investments	172.87	172.87	23.54	226.86	-494.91	41.14
Gain (Loss) on Sale of Assets	198	198	52.88	5.25	56.13	8.36
Other Unusual Items	-	-	0.45	-	-	-63.38
Pretax Income	12,001	12,216	4,561	8,022	14,305	13,970
Income Tax Expense	3,176	3,368	1,638	2,228	3,429	3,332
Earnings From Continuing Operations	8,825	8,848	2,922	5,794	10,876	10,638
Minority Interest in Earnings	-2,686	-2,579	-1,401	-2,044	-2,945	-2,826
Net Income	6,140	6,269	1,521	3,750	7,931	7,813
Preferred Dividends & Other Adjustments	0.5	0.5	0.5	0.5	0.5	0.5
Net Income to Common	6,139	6,268	1,521	3,749	7,931	7,812
Net Income Growth	237.32%	312.03%	-59.42%	-52.72%	1.52%	92.02%
Shares Outstanding (Basic)	13,898	13,931	13,931	13,835	13,631	13,631
Shares Outstanding (Diluted)	13,898	13,931	13,931	13,835	13,631	13,631
Shares Change (YoY)	2.44%	-	0.69%	1.50%	-	-0.02%
EPS (Basic)	0.44	0.45	0.11	0.27	0.58	0.57
EPS (Diluted)	0.44	0.45	0.11	0.27	0.58	0.57
EPS Growth	229.34%	312.14%	-59.56%	-53.45%	1.75%	91.02%
Free Cash Flow	2,946	1,684	-1,415	1,834	10,359	7,872
Free Cash Flow Per Share	0.21	0.12	-0.10	0.13	0.76	0.58
Dividend Per Share	0.140	0.140	0.070	0.080	0.170	0.170
Dividend Growth	112.12%	100.00%	-12.50%	-52.94%	-	88.89%
Gross Margin	48.07%	47.14%	39.52%	44.50%	52.44%	53.75%
Operating Margin	40.41%	39.59%	22.56%	37.18%	46.84%	48.48%
Profit Margin	21.35%	21.98%	7.06%	15.73%	29.40%	29.64%
Free Cash Flow Margin	10.24%	5.90%	-6.57%	7.69%	38.40%	29.87%
EBITDA	14,073	13,671	6,825	10,937	14,261	14,372
EBITDA Margin	48.95%	47.93%	31.69%	45.88%	52.87%	54.54%
D&A For EBITDA	2,456	2,378	1,966	2,074	1,625	1,596
EBIT	11,617	11,292	4,859	8,863	12,636	12,777
EBIT Margin	40.41%	39.59%	22.56%	37.18%	46.84%	48.48%
Effective Tax Rate	26.46%	27.57%	35.92%	27.77%	23.97%	23.85%
Revenue as Reported	29,846	29,617	22,325	24,700	28,003	27,404
Advertising Expenses	-	69.26	66.07	70.38	40.13	27.33

Source: S&P Global Market Intelligence. Standard template. Financial Sources.