Nam Cheong Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Revenue	621.33	684.71	475.27	365.72	286.16	372.3
Revenue Growth (YoY)	-2.53%	44.07%	29.95%	27.80%	-23.14%	30.46%
Cost of Revenue	288.75	246.94	269.91	265.03	222.45	302.62
Gross Profit	332.57	437.77	205.36	100.69	63.71	69.68
Selling, General & Admin	65.18	59.76	43.22	38.32	32.92	42.36
Other Operating Expenses	19.12	13.25	6.27	20.04	25.33	76.81
Operating Expenses	76.94	65.66	48.26	57.47	59.56	135.29
Operating Income	255.63	372.12	157.11	43.22	4.14	-65.61
Interest Expense	-19.37	-18.37	-27.41	-30.04	-33.76	-38.2
Interest & Investment Income	1.85	1.32	1.76	1.1	2.5	3.29
Earnings From Equity Investments	1.3	22.71	9.83	5.89	-0.37	-4.58
Currency Exchange Gain (Loss)	16.29	27.28	6.29	-	-	-
Other Non Operating Income (Expenses)	-	-	-	0.77	1.34	1.74
EBT Excluding Unusual Items	255.71	405.06	147.58	20.94	-26.15	-103.36
Merger & Restructuring Charges	13.28	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.28	-	-17.29
Gain (Loss) on Sale of Assets	-0.29	31.17	44.32	44.38	-0.48	3.43
Asset Writedown	0.99	-	-	-	-6.93	-283.47
Other Unusual Items	16.35	409.72	12.09	13.21	123.27	3.33
Pretax Income	275.46	845.95	203.99	79.52	91.13	-397.36
Income Tax Expense	25.43	45.75	23.36	17.99	7.14	6.97
Earnings From Continuing Operations	250.03	800.2	180.63	61.53	83.99	-404.32
Minority Interest in Earnings	-10.23	-14.96	-5.65	-2.21	2.77	0.17
Net Income	239.8	785.24	174.98	59.32	86.76	-404.16
Net Income to Common	239.8	785.24	174.98	59.32	86.76	-404.16
Net Income Growth	-68.23%	348.76%	194.98%	-31.63%	-	-
Shares Outstanding (Basic)	335	333	80	80	78	73
Shares Outstanding (Diluted)	340	338	82	81	79	73
Shares Change (YoY)	6.00%	312.65%	1.18%	2.33%	8.94%	-0.10%
EPS (Basic)	0.72	2.36	2.17	0.75	1.12	-5.57
EPS (Diluted)	0.71	2.32	2.14	0.73	1.10	-5.57
EPS Growth	-70.03%	8.75%	191.56%	-33.36%	-	-
Free Cash Flow	46.71	92.83	-53.47	-29.3	-37.86	-8.06
Free Cash Flow Per Share	0.14	0.28	-0.65	-0.36	-0.48	-0.11
Gross Margin	53.53%	63.93%	43.21%	27.53%	22.26%	18.71%
Operating Margin	41.14%	54.35%	33.06%	11.82%	1.45%	-17.62%
Profit Margin	38.59%	114.68%	36.82%	16.22%	30.32%	-108.56%
Free Cash Flow Margin	7.52%	13.56%	-11.25%	-8.01%	-13.23%	-2.17%
EBITDA	303.5	408.57	182.39	71.02	30.9	-36.41
EBITDA Margin	48.85%	59.67%	38.38%	19.42%	10.80%	-9.78%
D&A For EBITDA	47.87	36.45	25.28	27.79	26.75	29.21
EBIT	255.63	372.12	157.11	43.22	4.14	-65.61
EBIT Margin	41.14%	54.35%	33.06%	11.82%	1.45%	-17.62%
Effective Tax Rate	9.23%	5.41%	11.45%	22.63%	7.83%	-

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