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	Jun '26 Jun 30, 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	33,567	28,522	21,535	23,838	26,974	26,354
Revenue Growth	38.71%	32.44%	-9.66%	-11.62%	2.35%	25.87%
Cost of Revenue	16,367	15,076	13,025	13,231	12,829	12,190
Gross Profit	17,200	13,446	8,511	10,608	14,145	14,164
Selling, General & Admin	2,043	1,960	1,739	1,680	1,508	1,372
Other Operating Expenses	-7.82	-	-	-	-	15.07
Operating Expenses	2,228	2,153	3,652	1,744	1,509	1,388
Operating Income	14,972	11,292	4,859	8,863	12,636	12,777
Interest Expense	-398.82	-439.01	-430.7	-390.26	-239.28	-165.56
Interest & Investment Income	500.15	542.15	681.41	552.48	225.47	194.15
Earnings From Equity Investments	-144.38	-249.46	-897.93	-1,038	942.14	557.86
Currency Exchange Gain (Loss)	1,209	855.29	411.28	-79.44	1,215	558.85
Other Non Operating Income (Expenses)	-980.72	-156.49	-139.21	-118.57	-35.24	62.2
EBT Excluding Unusual Items	15,157	11,845	4,484	7,790	14,744	13,984
Gain (Loss) on Sale of Investments	147.16	172.87	23.54	226.86	-494.91	41.14
Gain (Loss) on Sale of Assets	215.87	198	52.88	5.25	56.13	8.36
Asset Writedown	-0.82	-	-	-	-	-
Other Unusual Items	-	-	0.45	-	-	-63.38
Pretax Income	15,520	12,216	4,561	8,022	14,305	13,970
Income Tax Expense	4,023	3,368	1,638	2,228	3,429	3,332
Earnings From Continuing Operations	11,497	8,848	2,922	5,794	10,876	10,638
Minority Interest in Earnings	-3,270	-2,579	-1,401	-2,044	-2,945	-2,826
Net Income	8,227	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	8,226	6,268	1,521	3,749	7,931	7,812
Net Income Growth	228.72%	312.14%	-59.43%	-52.73%	1.52%	92.03%
Shares Outstanding (Basic)	13,931	13,931	13,931	13,835	13,631	13,631
Shares Outstanding (Diluted)	13,931	13,931	13,931	13,835	13,631	13,631
Shares Change	-	-	0.69%	1.50%	-	-0.02%
EPS (Basic)	0.59	0.45	0.11	0.27	0.58	0.57
EPS (Diluted)	0.59	0.45	0.11	0.27	0.58	0.57
EPS Growth	228.43%	312.14%	-59.56%	-53.45%	1.75%	91.02%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	5,304	1,684	-1,415	1,834	10,359	7,872
Free Cash Flow Per Share	0.38	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	100.00%	100.00%	-12.50%	-52.94%	0%	88.89%
Gross Margin	51.24%	47.14%	39.52%	44.50%	52.44%	53.75%
Operating Margin	44.60%	39.59%	22.56%	37.18%	46.84%	48.48%
Profit Margin	24.51%	21.98%	7.06%	15.73%	29.40%	29.64%
Free Cash Flow Margin	15.80%	5.90%	-6.57%	7.69%	38.40%	29.87%
EBITDA	17,515	13,671	6,825	10,937	14,261	14,372
EBITDA Margin	52.18%	47.93%	31.69%	45.88%	52.87%	54.54%
D&A For EBITDA	2,544	2,378	1,966	2,074	1,625	1,596
EBIT	14,972	11,292	4,859	8,863	12,636	12,777
EBIT Margin	44.60%	39.59%	22.56%	37.18%	46.84%	48.48%
Effective Tax Rate	25.92%	27.57%	35.92%	27.77%	23.97%	23.85%
Revenue as Reported	34,855	29,617	22,325	24,700	28,003	27,404
Advertising Expenses	-	69.26	66.07	70.38	40.13	27.33