Vantage Equities Income Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,016	1,128	1,172	327.79	948.21
Revenue Growth (YoY)	-9.88%	-3.79%	257.56%	-65.43%	-2.20%
Cost of Revenue	187.94	219.6	208.03	179.19	370.47
Gross Profit	828.22	907.98	964.03	148.6	577.74
Selling, General & Admin	110.78	159.12	175.46	193.21	73.04
Other Operating Expenses	14.57	12.7	8.97	12.63	8.74
Operating Expenses	151.14	208.71	224.9	248.02	103.5
Operating Income	677.08	699.27	739.13	-99.42	474.24
Interest Expense	-1.62	-2.74	-1.81	-8.17	-4.23
Currency Exchange Gain (Loss)	6.98	13.11	9.33	169.76	78.65
Other Non Operating Income (Expenses)	-	-	-	0.3	-
EBT Excluding Unusual Items	682.44	709.64	746.64	62.46	548.66
Pretax Income	682.44	709.64	746.64	62.46	548.66
Income Tax Expense	129.6	144.38	118.12	68.51	78.58
Earnings From Continuing Operations	552.84	565.26	628.52	-6.05	470.08
Net Income to Company	552.84	565.26	628.52	-6.05	470.08
Minority Interest in Earnings	-103.85	-93.58	-84.27	-68.13	-70.53
Net Income	448.99	471.68	544.25	-74.18	399.55
Net Income to Common	448.99	471.68	544.25	-74.18	399.55
Net Income Growth	-4.81%	-13.33%	-	-	7.93%
Shares Outstanding (Basic)	4,200	4,200	4,200	4,200	4,200
Shares Outstanding (Diluted)	4,200	4,200	4,200	4,200	4,200
EPS (Basic)	0.11	0.11	0.13	-0.02	0.10
EPS (Diluted)	0.11	0.11	0.13	-0.02	0.10
EPS Growth	-4.81%	-13.33%	-	-	7.93%
Free Cash Flow	1,465	-454.69	-395.77	932.46	447.99
Free Cash Flow Per Share	0.35	-0.11	-0.09	0.22	0.11
Dividend Per Share	-	0.270	-	-	-
Gross Margin	81.51%	80.53%	82.25%	45.33%	60.93%
Operating Margin	66.63%	62.02%	63.06%	-30.33%	50.01%
Profit Margin	44.19%	41.83%	46.44%	-22.63%	42.14%
Free Cash Flow Margin	144.20%	-40.32%	-33.77%	284.47%	47.25%
EBITDA	690.63	716.64	752.32	-80.35	504.59
EBITDA Margin	67.97%	63.56%	64.19%	-24.51%	53.22%
D&A For EBITDA	13.55	17.37	13.19	19.07	30.35
EBIT	677.08	699.27	739.13	-99.42	474.24
EBIT Margin	66.63%	62.02%	63.06%	-30.33%	50.01%
Effective Tax Rate	18.99%	20.35%	15.82%	109.69%	14.32%
Advertising Expenses	0.15	0.24	0.16	0.84	0.16

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