Nam Cheong Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	619.7	684.71	475.27	365.72	286.16
Revenue Growth (YoY)	-9.50%	44.07%	29.95%	27.80%	-23.14%
Cost of Revenue	316.63	246.94	269.91	265.03	222.45
Gross Profit	303.08	437.77	205.36	100.69	63.71
Selling, General & Admin	79.83	59.76	43.22	38.32	32.92
Other Operating Expenses	-13.87	13.25	6.27	20.04	25.33
Operating Expenses	65.97	65.66	48.26	57.47	59.56
Operating Income	237.11	372.12	157.11	43.22	4.14
Interest Expense	-19.25	-18.37	-27.41	-30.04	-33.76
Interest & Investment Income	5.52	1.32	1.76	1.1	2.5
Earnings From Equity Investments	0.11	22.71	9.83	5.89	-0.37
Currency Exchange Gain (Loss)	9.06	27.28	6.29	-	-
Other Non Operating Income (Expenses)	-	-	-	0.77	1.34
EBT Excluding Unusual Items	232.55	405.06	147.58	20.94	-26.15
Gain (Loss) on Sale of Investments	-	-	-	0.28	-
Gain (Loss) on Sale of Assets	69.16	31.17	44.32	44.38	-0.48
Asset Writedown	-0.49	-	-	-	-6.93
Legal Settlements	-10.57	-	-	-	-
Other Unusual Items	22.38	409.72	12.09	13.21	123.27
Pretax Income	313.02	845.95	203.99	79.52	91.13
Income Tax Expense	37.61	45.75	23.36	17.99	7.14
Earnings From Continuing Operations	275.41	800.2	180.63	61.53	83.99
Minority Interest in Earnings	-6.23	-14.96	-5.65	-2.21	2.77
Net Income	269.18	785.24	174.98	59.32	86.76
Net Income to Common	269.18	785.24	174.98	59.32	86.76
Net Income Growth	-65.72%	348.76%	194.98%	-31.63%	-
Shares Outstanding (Basic)	396	333	80	80	78
Shares Outstanding (Diluted)	407	338	82	81	79
Shares Change (YoY)	20.35%	312.65%	1.18%	2.33%	8.94%
EPS (Basic)	0.68	2.36	2.17	0.75	1.12
EPS (Diluted)	0.66	2.32	2.14	0.73	1.10
EPS Growth	-71.52%	8.75%	191.56%	-33.36%	-
Free Cash Flow	29.31	92.83	-53.47	-29.3	-37.86
Free Cash Flow Per Share	0.07	0.28	-0.65	-0.36	-0.48
Gross Margin	48.91%	63.93%	43.21%	27.53%	22.26%
Operating Margin	38.26%	54.35%	33.06%	11.82%	1.45%
Profit Margin	43.44%	114.68%	36.82%	16.22%	30.32%
Free Cash Flow Margin	4.73%	13.56%	-11.25%	-8.01%	-13.23%
EBITDA	291.42	408.57	182.39	71.02	30.9
EBITDA Margin	47.03%	59.67%	38.38%	19.42%	10.80%
D&A For EBITDA	54.32	36.45	25.28	27.79	26.75
EBIT	237.11	372.12	157.11	43.22	4.14
EBIT Margin	38.26%	54.35%	33.06%	11.82%	1.45%
Effective Tax Rate	12.02%	5.41%	11.45%	22.63%	7.83%

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