Avanceon Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Sep '24 Sep 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	2014 - 2018
Revenue	18,756	17,767	9,538	7,118	6,445	4,896	Upgrade
Revenue Growth (YoY)	43.47%	86.27%	34.01%	10.45%	31.63%	40.66%	Upgrade
Cost of Revenue	12,980	12,161	7,032	4,840	4,603	3,412	Upgrade
Gross Profit	5,777	5,606	2,507	2,278	1,842	1,484	Upgrade
Selling, General & Admin	1,481	5,961	1,818	931.12	667.48	605.97	Upgrade
Other Operating Expenses	138.4	-4,322	-31.65	-26.9	-40.49	-36.3	Upgrade
Operating Expenses	1,620	1,638	1,786	906.6	644.04	670.65	Upgrade
Operating Income	4,157	3,968	720.93	1,371	1,198	813.3	Upgrade
Interest Expense	-319.72	-238.22	-66.99	-62.5	-103.4	-78.43	Upgrade
Interest & Investment Income	13.98	13.7	6.89	4.46	7.31	13.04	Upgrade
Earnings From Equity Investments	110.37	110.37	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	-843.41	28.76	562.17	494.52	106.17	255.98	Upgrade
Other Non Operating Income (Expenses)	-170.41	-170.41	-156.06	-62.12	-28.94	-44.23	Upgrade
EBT Excluding Unusual Items	2,948	3,712	1,067	1,745	1,179	959.67	Upgrade
Gain (Loss) on Sale of Investments	-0.02	-0.02	-	0.28	1.51	0.19	Upgrade
Gain (Loss) on Sale of Assets	15.9	8.57	14.8	12.96	3.21	2.69	Upgrade
Pretax Income	2,964	3,720	1,082	1,759	1,183	962.94	Upgrade
Income Tax Expense	1,095	1,110	154.67	158.61	138.4	50.76	Upgrade
Earnings From Continuing Operations	1,869	2,611	927.08	1,600	1,045	912.18	Upgrade
Minority Interest in Earnings	-31	-95.35	-81.01	-23.06	-	-	Upgrade
Net Income	1,838	2,515	846.06	1,577	1,045	912.18	Upgrade
Net Income to Common	1,838	2,515	846.06	1,577	1,045	912.18	Upgrade
Net Income Growth	66.02%	197.31%	-46.35%	50.91%	14.56%	31.89%	Upgrade
Shares Outstanding (Basic)	413	413	413	412	402	402	Upgrade
Shares Outstanding (Diluted)	418	420	420	418	411	410	Upgrade
Shares Change (YoY)	-3.02%	-	0.35%	1.72%	0.29%	0.19%	Upgrade
EPS (Basic)	4.44	6.09	2.05	3.83	2.60	2.27	Upgrade
EPS (Diluted)	4.40	5.99	2.02	3.77	2.54	2.22	Upgrade
EPS Growth	70.94%	196.84%	-46.48%	48.45%	14.22%	31.50%	Upgrade
Free Cash Flow	656.95	-829.35	72.3	-109.68	676.49	-119.38	Upgrade
Free Cash Flow Per Share	1.57	-1.98	0.17	-0.26	1.65	-0.29	Upgrade
Dividend Per Share	1.818	1.818	-	0.632	0.527	-	Upgrade
Dividend Growth	-	-	-	20.00%	-	-	Upgrade
Gross Margin	30.80%	31.55%	26.28%	32.00%	28.57%	30.31%	Upgrade
Operating Margin	22.16%	22.33%	7.56%	19.26%	18.58%	16.61%	Upgrade
Profit Margin	9.80%	14.16%	8.87%	22.16%	16.21%	18.63%	Upgrade
Free Cash Flow Margin	3.50%	-4.67%	0.76%	-1.54%	10.50%	-2.44%	Upgrade
EBITDA	4,221	4,003	772.71	1,393	1,215	829.11	Upgrade
EBITDA Margin	22.50%	22.53%	8.10%	19.57%	18.85%	16.93%	Upgrade
D&A For EBITDA	64.04	35.69	51.78	21.91	17.22	15.81	Upgrade
EBIT	4,157	3,968	720.93	1,371	1,198	813.3	Upgrade
EBIT Margin	22.16%	22.33%	7.56%	19.26%	18.58%	16.61%	Upgrade
Effective Tax Rate	36.95%	29.83%	14.30%	9.02%	11.70%	5.27%	Upgrade
Advertising Expenses	-	8.53	2.58	5.88	3.25	3.7	Upgrade

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