SGP 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
Period Ending	Jun '24 Jun 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
Revenue	110,122	109,863	102,743	89,101	89,843	77,694
Revenue Growth (YoY)	0.87%	6.93%	15.31%	-0.83%	15.64%	-
Fuel & Purchased Power	227.67	220.09	253.74	149.27	101.47	152.46
Operations & Maintenance	2,264	2,626	1,473	1,799	1,321	1,533
Selling, General & Admin	2,808	2,845	2,788	2,391	2,244	2,386
Depreciation & Amortization	801.6	790.53	705.73	612.42	670.69	681.32
Amortization of Goodwill & Intangibles	11,172	10,278	8,967	8,787	8,407	8,158
Provision for Bad Debts	64.67	64.67	64.67	64.67	64.67	64.67
Other Operating Expenses	63,671	63,407	46,657	45,780	46,204	37,216
Total Operating Expenses	81,010	80,231	60,910	59,583	59,012	50,191
Operating Income	29,112	29,633	41,833	29,517	30,831	27,503
Interest Expense	-6,397	-5,760	-5,649	-6,057	-6,556	-7,262
Interest Income	162.25	118.89	139.66	64.34	270.38	349.45
Net Interest Expense	-6,234	-5,641	-5,509	-5,992	-6,286	-6,912
Currency Exchange Gain (Loss)	-513.98	116.87	-905.64	-244.63	311.91	-194.62
Other Non-Operating Income (Expenses)	-1,545	-732.71	-715.4	-335.38	-476.39	-367.21
EBT Excluding Unusual Items	20,819	23,375	34,703	22,945	24,381	20,029
Gain (Loss) on Sale of Assets	-	-	-	-	-1.32	-7.83
Other Unusual Items	-	-	-	-	-942.85	-
Pretax Income	20,819	23,375	34,703	22,945	23,437	20,021
Income Tax Expense	7.82	7.25	17.52	2.43	0.8	1.12
Earnings From Continuing Ops.	20,811	23,368	34,685	22,943	23,436	20,020
Minority Interest in Earnings	-11,334	-12,723	-19,664	-13,818	-14,041	-11,978
Net Income	9,476	10,645	15,021	9,125	9,395	8,042
Net Income to Common	9,476	10,645	15,021	9,125	9,395	8,042
Net Income Growth	-20.05%	-29.13%	64.62%	-2.87%	16.82%	-
Shares Outstanding (Basic)	5,257	5,266	5,266	4,351	4,150	4,150
Shares Outstanding (Diluted)	5,257	5,266	5,266	4,351	4,150	4,150
Shares Change (YoY)	-0.46%	-	21.01%	4.86%	-	-
EPS (Basic)	1.80	2.02	2.85	2.10	2.26	1.94
EPS (Diluted)	1.80	2.02	2.85	2.10	2.26	1.94
EPS Growth	-19.75%	-29.13%	36.03%	-7.37%	16.82%	-
Free Cash Flow	-15,625	-15,772	-19,964	-10,424	2,459	-6,013
Free Cash Flow Per Share	-2.97	-3.00	-3.79	-2.40	0.59	-1.45
Dividend Per Share	-	0.347	1.000	0.675	-	-
Dividend Growth	-	-65.26%	48.15%	-	-	-
Profit Margin	8.61%	9.69%	14.62%	10.24%	10.46%	10.35%
Free Cash Flow Margin	-14.19%	-14.36%	-19.43%	-11.70%	2.74%	-7.74%
EBITDA	40,741	40,466	51,316	38,917	39,909	36,342
EBITDA Margin	37.00%	36.83%	49.95%	43.68%	44.42%	46.78%
D&A For EBITDA	11,629	10,834	9,482	9,400	9,077	8,839
EBIT	29,112	29,633	41,833	29,517	30,831	27,503
EBIT Margin	26.44%	26.97%	40.72%	33.13%	34.32%	35.40%
Effective Tax Rate	0.04%	0.03%	0.05%	0.01%	0.00%	0.01%

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