Thal Limited (PSX: THALL)

Thal Limited Income Statement

Financials in millions PKR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	29,814	29,406	33,128	39,817	29,636	17,356
Revenue Growth (YoY)	-10.01%	-11.24%	-16.80%	34.35%	70.75%	-26.28%
Cost of Revenue	27,010	26,594	29,087	33,338	24,918	15,131
Gross Profit	2,803	2,812	4,042	6,479	4,718	2,226
Selling, General & Admin	2,923	2,812	2,611	2,365	2,003	1,679
Other Operating Expenses	-2,591	-2,230	-2,236	-2,023	-1,952	-1,630
Operating Expenses	332.01	582.47	374.52	341.85	61	95.43
Operating Income	2,471	2,229	3,667	6,137	4,657	2,130
Interest Expense	-1,056	-1,047	-629.57	-307.77	-145.62	-154.09
Interest & Investment Income	2,088	1,993	778.92	738.56	520.95	872.11
Earnings From Equity Investments	9,055	9,015	3,047	2,408	2,541	1,347
Currency Exchange Gain (Loss)	13.95	24.01	-571.04	-306.88	83.73	-24.84
Other Non Operating Income (Expenses)	39.21	39.21	25.53	21.87	-28.16	-18.59
EBT Excluding Unusual Items	12,611	12,252	6,318	8,691	7,629	4,152
Gain (Loss) on Sale of Investments	405.72	405.72	704.53	129.93	120.54	162.82
Gain (Loss) on Sale of Assets	35.45	35.45	79.92	16.43	48.73	11.45
Asset Writedown	-	-	-71.16	0.04	-156.12	-
Other Unusual Items	130.38	130.38	16.51	7.57	106.05	-
Pretax Income	13,182	12,824	7,054	8,852	7,780	4,327
Income Tax Expense	3,794	3,445	3,446	2,524	1,870	1,095
Earnings From Continuing Operations	9,388	9,379	3,608	6,328	5,910	3,232
Minority Interest in Earnings	-949.41	-865.87	-452.32	-517.65	-475.83	-344.98
Net Income	8,439	8,513	3,156	5,811	5,434	2,887
Net Income to Common	8,439	8,513	3,156	5,811	5,434	2,887
Net Income Growth	167.42%	169.77%	-45.69%	6.94%	88.23%	-19.39%
Shares Outstanding (Basic)	81	81	81	81	81	81
Shares Outstanding (Diluted)	81	81	81	81	81	81
Shares Change (YoY)	0.01%	-	-	-	-	-
EPS (Basic)	104.14	105.06	38.94	71.71	67.06	35.63
EPS (Diluted)	104.14	105.06	38.94	71.71	67.06	35.63
EPS Growth	167.40%	169.77%	-45.69%	6.94%	88.23%	-19.39%
Free Cash Flow	2,207	1,033	259.09	-584.82	1,177	870.89
Free Cash Flow Per Share	27.24	12.75	3.20	-7.22	14.52	10.75
Dividend Per Share	8.000	8.000	8.000	7.500	10.000	5.000
Dividend Growth	0%	0%	6.67%	-25.00%	100.00%	-37.50%
Gross Margin	9.40%	9.56%	12.20%	16.27%	15.92%	12.82%
Operating Margin	8.29%	7.58%	11.07%	15.41%	15.71%	12.27%
Profit Margin	28.30%	28.95%	9.53%	14.59%	18.33%	16.63%
Free Cash Flow Margin	7.40%	3.51%	0.78%	-1.47%	3.97%	5.02%
EBITDA	3,599	3,266	4,462	7,296	5,661	3,010
EBITDA Margin	12.07%	11.11%	13.47%	18.32%	19.10%	17.34%
D&A For EBITDA	1,128	1,037	794.35	1,159	1,004	879.19
EBIT	2,471	2,229	3,667	6,137	4,657	2,130
EBIT Margin	8.29%	7.58%	11.07%	15.41%	15.71%	12.27%
Effective Tax Rate	28.78%	26.87%	48.86%	28.51%	24.04%	25.31%
Advertising Expenses	-	15.46	5.33	16.47	9.92	9.59

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