Waterfront Philippines, Incorporated (PSE:WPI)

Waterfront Philippines Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,929	1,908	1,764	1,462	989.16	1,033
Other Revenue	43.78	43.78	37.51	24.03	7.88	-
Revenue	1,972	1,952	1,802	1,486	997.04	1,033
Revenue Growth (YoY)	4.21%	8.31%	21.25%	49.04%	-3.50%	-47.32%
Cost of Revenue	889.38	836.86	729.94	683.11	446.53	479.63
Gross Profit	1,083	1,115	1,072	802.84	550.51	553.53
Selling, General & Admin	16.07	16.07	11.46	5.08	2.67	7.2
Other Operating Expenses	561.23	561.23	393.53	305.19	195.99	230.82
Operating Expenses	945.91	939.6	738.4	605.63	532.55	581.59
Operating Income	137.01	175.07	333.44	197.21	17.96	-28.05
Interest Expense	-289.74	-310	-299.82	-166.38	-102.88	-169.38
Interest & Investment Income	212.13	123.23	141.17	91.42	109.82	130.29
Currency Exchange Gain (Loss)	-8.54	-8.54	-12.14	-5.62	-11.22	10.67
Other Non Operating Income (Expenses)	-18.86	4.48	-	-	415.67	9.02
EBT Excluding Unusual Items	32	-15.75	162.65	116.63	429.35	-47.46
Gain (Loss) on Sale of Assets	1,761	1,761	-	-	-	-
Asset Writedown	-17.05	-17.05	-18.27	-0.31	-	-
Other Unusual Items	-	-	1.81	0.49	0.75	-
Pretax Income	1,807	1,759	146.18	116.81	430.1	807.06
Income Tax Expense	154.34	154.37	107.63	65.93	-100.71	123.6
Earnings From Continuing Operations	1,652	1,605	38.56	50.88	530.8	683.47
Minority Interest in Earnings	-746.76	-743.95	30.29	31.91	23.31	-288.91
Net Income	905.71	860.73	68.84	82.79	554.11	394.56
Net Income to Common	905.71	860.73	68.84	82.79	554.11	394.56
Net Income Growth	2966.41%	1150.27%	-16.84%	-85.06%	40.44%	-10.24%
Shares Outstanding (Basic)	2,499	2,499	2,499	2,499	2,499	2,499
Shares Outstanding (Diluted)	2,499	2,499	2,499	2,499	2,499	2,499
EPS (Basic)	0.36	0.34	0.03	0.03	0.22	0.16
EPS (Diluted)	0.36	0.34	0.03	0.03	0.22	0.16
EPS Growth	2929.02%	1134.21%	-16.85%	-85.06%	40.44%	-10.24%
Free Cash Flow	-3,582	-582.77	715.35	-83.09	-35.15	-243.79
Free Cash Flow Per Share	-1.43	-0.23	0.29	-0.03	-0.01	-0.10
Gross Margin	54.91%	57.12%	59.49%	54.03%	55.21%	53.58%
Operating Margin	6.95%	8.97%	18.51%	13.27%	1.80%	-2.71%
Profit Margin	45.92%	44.10%	3.82%	5.57%	55.58%	38.19%
Free Cash Flow Margin	-181.62%	-29.86%	39.70%	-5.59%	-3.52%	-23.60%
EBITDA	496.04	527.79	660.52	488.94	348.21	304.83
EBITDA Margin	25.15%	27.05%	36.66%	32.90%	34.92%	29.50%
D&A For EBITDA	359.02	352.72	327.08	291.73	330.25	332.88
EBIT	137.01	175.07	333.44	197.21	17.96	-28.05
EBIT Margin	6.95%	8.97%	18.51%	13.27%	1.80%	-2.71%
Effective Tax Rate	8.54%	8.77%	73.63%	56.44%	-	15.31%
Revenue as Reported	2,061	1,952	1,804	1,486	997.79	1,055
Advertising Expenses	-	16.07	11.46	5.08	2.67	7.2

Updated Nov 15, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.