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	619.89	684.71	475.27	365.72	286.16
Revenue Growth (YoY)	-9.47%	44.07%	29.95%	27.80%	-23.14%
Cost of Revenue	316.75	246.94	269.91	265.03	222.45
Gross Profit	303.14	437.77	205.36	100.69	63.71
Selling, General & Admin	78.8	59.76	43.22	38.32	32.92
Other Operating Expenses	-2.36	5.89	6.27	20.04	25.33
Operating Expenses	76.44	65.66	48.26	57.47	59.56
Operating Income	226.7	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	2.95	22.71	9.83	5.89	-0.37
Currency Exchange Gain (Loss)	11.84	27.28	6.29	-	-
Other Non Operating Income (Expenses)	-	-	-	0.77	1.34
EBT Excluding Unusual Items	227.76	405.06	147.58	20.94	-26.15
Gain (Loss) on Sale of Investments	13.19	-	-	0.28	-
Gain (Loss) on Sale of Assets	69.16	31.17	44.32	44.38	-0.48
Asset Writedown	-	-	-	-	-6.93
Other Unusual Items	22.38	409.72	12.09	13.21	123.27
Pretax Income	332.48	845.95	203.99	79.52	91.13
Income Tax Expense	40.15	45.75	23.36	17.99	7.14
Earnings From Continuing Operations	292.33	800.2	180.63	61.53	83.99
Minority Interest in Earnings	-5.16	-14.96	-5.65	-2.21	2.77
Net Income	287.17	785.24	174.98	59.32	86.76
Net Income to Common	287.17	785.24	174.98	59.32	86.76
Net Income Growth	-63.43%	348.76%	194.98%	-31.63%	-
Shares Outstanding (Basic)	396	333	80	80	78
Shares Outstanding (Diluted)	398	338	82	81	79
Shares Change (YoY)	17.82%	312.65%	1.18%	2.33%	8.94%
EPS (Basic)	0.72	2.36	2.17	0.75	1.12
EPS (Diluted)	0.72	2.32	2.14	0.73	1.10
EPS Growth	-68.96%	8.75%	191.56%	-33.36%	-
Free Cash Flow	44.4	97.1	-53.47	-29.3	-37.86
Free Cash Flow Per Share	0.11	0.29	-0.65	-0.36	-0.48
Gross Margin	48.90%	63.93%	43.21%	27.53%	22.26%
Operating Margin	36.57%	54.35%	33.06%	11.82%	1.45%
Profit Margin	46.33%	114.68%	36.82%	16.22%	30.32%
Free Cash Flow Margin	7.16%	14.18%	-11.25%	-8.01%	-13.23%
EBITDA	279.94	408.57	182.39	71.02	30.9
EBITDA Margin	45.16%	59.67%	38.38%	19.42%	10.80%
D&A For EBITDA	53.25	36.45	25.28	27.79	26.75
EBIT	226.7	372.12	157.11	43.22	4.14
EBIT Margin	36.57%	54.35%	33.06%	11.82%	1.45%
Effective Tax Rate	12.07%	5.41%	11.45%	22.63%	7.83%

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