Waves Home Appliances 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 2021
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	Jun '21 Jun 30, 2021
Revenue	3,457	3,170	4,176	7,423	2,084	-
Revenue Growth (YoY)	3.99%	-24.09%	-43.74%	256.25%	-	-
Cost of Revenue	2,500	2,286	3,091	5,971	1,583	0.69
Gross Profit	956.5	884.55	1,085	1,452	500.47	-0.69
Selling, General & Admin	566.17	459.76	540.03	731.72	275.01	13.92
Other Operating Expenses	-627.23	-295.79	70.58	-6.29	-0.11	-
Operating Expenses	-61.06	163.96	610.61	725.43	274.9	13.92
Operating Income	1,018	720.59	474.13	726.23	225.57	-14.61
Interest Expense	-707.07	-605.25	-373.72	-163.88	-225.82	-5.77
Interest & Investment Income	2.03	2.03	4.09	1.38	-	0
Currency Exchange Gain (Loss)	0.09	0.09	-23.28	-68.14	-33.84	-
Other Non Operating Income (Expenses)	-	-	-0	-385.45	-7.89	-0
EBT Excluding Unusual Items	312.6	117.45	81.22	110.14	-41.99	-20.39
Gain (Loss) on Sale of Assets	48.88	48.88	28.48	18.99	2.96	1.69
Asset Writedown	2.19	2.19	33.61	-	-	-
Other Unusual Items	-0.11	-0.11	-0.6	-	121.67	-
Pretax Income	369.14	174	142.71	129.13	82.64	-18.69
Income Tax Expense	22.69	20.71	26.99	116	55.65	-
Net Income	346.46	153.29	115.72	13.13	27	-18.69
Net Income to Common	346.46	153.29	115.72	13.13	27	-18.69
Net Income Growth	301.41%	32.47%	781.53%	-51.38%	-	-
Shares Outstanding (Basic)	271	268	268	268	182	12
Shares Outstanding (Diluted)	271	268	268	268	182	12
Shares Change (YoY)	1.42%	-	-	47.50%	1428.92%	-
EPS (Basic)	1.28	0.57	0.43	0.05	0.15	-1.57
EPS (Diluted)	1.28	0.57	0.43	0.05	0.15	-1.57
EPS Growth	297.56%	32.56%	777.51%	-67.03%	-	-
Free Cash Flow	-266.18	-175.02	55.38	667.07	61.94	-24.2
Free Cash Flow Per Share	-0.98	-0.65	0.21	2.49	0.34	-2.04
Gross Margin	27.67%	27.90%	25.97%	19.56%	24.02%	-
Operating Margin	29.44%	22.73%	11.35%	9.78%	10.83%	-
Profit Margin	10.02%	4.83%	2.77%	0.18%	1.30%	-
Free Cash Flow Margin	-7.70%	-5.52%	1.33%	8.99%	2.97%	-
EBITDA	1,261	943.83	727.85	960.23	367.2	-
EBITDA Margin	36.47%	29.77%	17.43%	12.94%	17.62%	-
D&A For EBITDA	243.17	223.25	253.71	234	141.63	-
EBIT	1,018	720.59	474.13	726.23	225.57	-14.61
EBIT Margin	29.44%	22.73%	11.35%	9.78%	10.83%	-
Effective Tax Rate	6.15%	11.90%	18.92%	89.83%	67.33%	-
Revenue as Reported	3,457	3,170	4,176	7,423	2,084	-
Advertising Expenses	-	1.93	7.78	31.42	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.