Avanceon Income Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	14,422	16,156	17,767	9,538	7,118	6,445	Upgrade
Revenue Growth (YoY)	-23.11%	-9.07%	86.27%	34.01%	10.45%	31.63%	Upgrade
Cost of Revenue	10,737	11,896	12,162	7,032	4,840	4,603	Upgrade
Gross Profit	3,685	4,260	5,606	2,507	2,278	1,842	Upgrade
Selling, General & Admin	2,492	2,489	2,492	1,818	931.12	667.48	Upgrade
Other Operating Expenses	-189.85	-76.71	-854.45	-31.65	-26.9	-40.49	Upgrade
Operating Expenses	2,302	2,413	1,638	1,786	906.6	644.04	Upgrade
Operating Income	1,384	1,848	3,968	720.93	1,371	1,198	Upgrade
Interest Expense	-247.3	-186.37	-238.22	-66.99	-62.5	-103.4	Upgrade
Interest & Investment Income	9.75	9.75	13.7	6.89	4.46	7.31	Upgrade
Earnings From Equity Investments	179.51	179.51	110.37	-	-	-	Upgrade
Currency Exchange Gain (Loss)	-103.56	-103.56	28.76	562.17	494.52	106.17	Upgrade
Other Non Operating Income (Expenses)	-261.52	-261.52	-170.41	-156.06	-62.12	-28.94	Upgrade
EBT Excluding Unusual Items	960.46	1,485	3,712	1,067	1,745	1,179	Upgrade
Gain (Loss) on Sale of Investments	-	-	-0.02	-	0.28	1.51	Upgrade
Gain (Loss) on Sale of Assets	8.22	8.22	8.57	14.8	12.96	3.21	Upgrade
Pretax Income	968.68	1,494	3,720	1,082	1,759	1,183	Upgrade
Income Tax Expense	-606.66	-567.8	1,110	154.67	158.61	138.4	Upgrade
Earnings From Continuing Operations	1,575	2,061	2,611	927.08	1,600	1,045	Upgrade
Minority Interest in Earnings	-30.33	-52.64	-95.35	-81.01	-23.06	-	Upgrade
Net Income	1,545	2,009	2,515	846.06	1,577	1,045	Upgrade
Net Income to Common	1,545	2,009	2,515	846.06	1,577	1,045	Upgrade
Net Income Growth	-15.93%	-20.14%	197.31%	-46.35%	50.91%	14.56%	Upgrade
Shares Outstanding (Basic)	393	393	414	413	412	402	Upgrade
Shares Outstanding (Diluted)	393	402	420	420	418	411	Upgrade
Shares Change (YoY)	-27.33%	-4.34%	0.04%	0.35%	1.72%	0.29%	Upgrade
EPS (Basic)	3.93	5.11	6.08	2.05	3.83	2.60	Upgrade
EPS (Diluted)	3.93	5.00	5.99	2.02	3.77	2.54	Upgrade
EPS Growth	15.57%	-16.53%	196.80%	-46.48%	48.45%	14.22%	Upgrade
Free Cash Flow	-1,450	467.7	-733.29	72.3	-109.68	676.49	Upgrade
Free Cash Flow Per Share	-3.69	1.17	-1.75	0.17	-0.26	1.65	Upgrade
Dividend Per Share	-	-	1.818	-	0.632	0.527	Upgrade
Dividend Growth	-	-	-	-	20.00%	-	Upgrade
Gross Margin	25.55%	26.37%	31.55%	26.28%	32.00%	28.57%	Upgrade
Operating Margin	9.59%	11.44%	22.33%	7.56%	19.26%	18.58%	Upgrade
Profit Margin	10.71%	12.43%	14.16%	8.87%	22.16%	16.21%	Upgrade
Free Cash Flow Margin	-10.05%	2.90%	-4.13%	0.76%	-1.54%	10.50%	Upgrade
EBITDA	1,572	2,006	4,027	772.71	1,393	1,215	Upgrade
EBITDA Margin	10.90%	12.41%	22.66%	8.10%	19.57%	18.85%	Upgrade
D&A For EBITDA	188.53	157.89	59.24	51.78	21.91	17.22	Upgrade
EBIT	1,384	1,848	3,968	720.93	1,371	1,198	Upgrade
EBIT Margin	9.59%	11.44%	22.33%	7.56%	19.26%	18.58%	Upgrade
Effective Tax Rate	-	-	29.83%	14.30%	9.02%	11.70%	Upgrade
Advertising Expenses	-	5.63	8.53	2.58	5.88	3.25	Upgrade

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