Victorias Milling Company, Inc. (PSE: VMC)

Victorias Milling Company Income Statement

Financials in millions PHP. Fiscal year is September - August.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	May 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Revenue	10,648	15,547	8,550	7,468	6,955	5,580
Revenue Growth (YoY)	-35.40%	81.83%	14.49%	7.37%	24.66%	-15.70%
Cost of Revenue	8,966	12,898	6,940	6,321	5,472	4,170
Gross Profit	1,682	2,649	1,611	1,147	1,484	1,410
Selling, General & Admin	424.03	636	613.86	524.44	586.54	836.99
Operating Expenses	424.03	636	613.86	524.44	586.54	836.99
Operating Income	1,258	2,013	996.82	623.06	897.11	572.94
Interest Expense	-0.13	-	-	-	-18.96	-20.48
Interest & Investment Income	87.43	85.47	4.13	2	2.84	10.49
Currency Exchange Gain (Loss)	14.95	-5.48	18.23	1.33	-6.06	5.82
Other Non Operating Income (Expenses)	-378.84	-396.09	170.31	213.43	183.66	109.76
EBT Excluding Unusual Items	981.14	1,697	1,189	839.82	1,059	678.53
Gain (Loss) on Sale of Investments	1.02	3.37	11.47	6.75	2.21	19.95
Gain (Loss) on Sale of Assets	-	-	-	-	-42.16	4
Asset Writedown	33.18	33.18	49.55	42.07	37.91	-55.15
Legal Settlements	36.27	-11.97	-205.11	-27.59	-59.85	-105.46
Pretax Income	1,056	1,724	1,090	861.05	996.7	1,059
Income Tax Expense	-40.61	152.92	123.57	74.81	156.81	242.64
Earnings From Continuing Operations	1,097	1,571	966.07	786.24	839.88	816.38
Minority Interest in Earnings	0.54	1.17	-0.08	1.58	0.15	1.12
Net Income	1,097	1,572	965.99	787.82	840.03	817.49
Net Income to Common	1,097	1,572	965.99	787.82	840.03	817.49
Net Income Growth	-42.75%	62.72%	22.62%	-6.22%	2.76%	6.76%
Shares Outstanding (Basic)	2,742	2,742	2,742	2,742	2,742	2,742
Shares Outstanding (Diluted)	2,742	2,742	2,742	2,742	2,742	2,742
EPS (Basic)	0.40	0.57	0.35	0.29	0.31	0.30
EPS (Diluted)	0.40	0.57	0.35	0.29	0.31	0.30
EPS Growth	-42.77%	62.86%	21.82%	-6.22%	2.76%	6.76%
Free Cash Flow	-934.19	358.62	1,242	1,096	251.83	456.91
Free Cash Flow Per Share	-0.34	0.13	0.45	0.40	0.09	0.17
Dividend Per Share	0.050	0.050	0.050	0.050	-	-
Gross Margin	15.79%	17.04%	18.84%	15.37%	21.33%	25.27%
Operating Margin	11.81%	12.95%	11.66%	8.34%	12.90%	10.27%
Profit Margin	10.31%	10.11%	11.30%	10.55%	12.08%	14.65%
Free Cash Flow Margin	-8.77%	2.31%	14.52%	14.68%	3.62%	8.19%
EBITDA	1,674	2,443	1,420	1,024	1,353	906.98
EBITDA Margin	15.72%	15.71%	16.61%	13.71%	19.45%	16.26%
D&A For EBITDA	415.88	429.96	423.64	400.55	455.94	334.05
EBIT	1,258	2,013	996.82	623.06	897.11	572.94
EBIT Margin	11.81%	12.95%	11.66%	8.34%	12.90%	10.27%
Effective Tax Rate	-	8.87%	11.34%	8.69%	15.73%	22.91%
Revenue as Reported	10,648	15,547	8,550	7,468	6,955	5,580

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