Gallant Venture Income Statement

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

Millions SGD. 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	215.05	190.92	182.67	166.84	145.11
Revenue Growth (YoY)	12.64%	4.52%	9.49%	14.98%	5.00%
Operations & Maintenance	-	3.1	2.99	2.26	1.34
Selling, General & Admin	21.25	23.37	24.23	21.31	15.98
Other Operating Expenses	177.1	140.3	137.3	132.24	132.87
Total Operating Expenses	198.35	166.77	164.52	155.81	150.19
Operating Income	16.7	24.14	18.15	11.02	-5.09
Interest Expense	-41.63	-39.67	-36.45	-27.31	-19.77
Interest Income	-	2.3	2.7	2.75	2.82
Net Interest Expense	-41.63	-37.37	-33.76	-24.56	-16.96
Income (Loss) on Equity Investments	-3.63	0.84	7.79	19.08	-16.75
Currency Exchange Gain (Loss)	-	-11.52	11.35	-4.57	-3.05
Other Non-Operating Income (Expenses)	52.66	-8.88	-1.28	0.66	-1.18
EBT Excluding Unusual Items	24.11	-32.79	2.25	1.64	-43.02
Impairment of Goodwill	-	-	-	-	-1.81
Gain (Loss) on Sale of Assets	-	0.23	-0.04	0.01	0.02
Other Unusual Items	-	0.16	-	-	-
Pretax Income	24.11	-32.4	2.21	1.65	-44.81
Income Tax Expense	15.55	14.11	17.07	15.4	13.74
Earnings From Continuing Ops.	8.56	-46.51	-14.86	-13.75	-58.56
Net Income to Company	8.56	-46.51	-14.86	-13.75	-58.56
Minority Interest in Earnings	1.45	-0.18	0.03	0.15	2.98
Net Income	10.01	-46.69	-14.83	-13.61	-55.58
Net Income to Common	10.01	-46.69	-14.83	-13.61	-55.58
Shares Outstanding (Basic)	5,463	5,463	5,463	5,463	5,444
Shares Outstanding (Diluted)	5,713	5,463	5,463	5,463	5,444
Shares Change (YoY)	4.58%	-	-	0.35%	0.35%
EPS (Basic)	0.00	-0.01	-0.00	-0.00	-0.01
EPS (Diluted)	0.00	-0.01	-0.00	-0.00	-0.01
Free Cash Flow	-4.51	-77.49	-25.76	9.81	-10.46
Free Cash Flow Per Share	-0.00	-0.01	-0.01	0.00	-0.00
Profit Margin	4.66%	-24.46%	-8.12%	-8.16%	-38.30%
Free Cash Flow Margin	-2.10%	-40.59%	-14.10%	5.88%	-7.21%
EBITDA	52.23	49.3	44.08	36.64	26.31
EBITDA Margin	24.29%	25.82%	24.13%	21.96%	18.13%
D&A For EBITDA	35.52	25.16	25.94	25.62	31.4
EBIT	16.7	24.14	18.15	11.02	-5.09
EBIT Margin	7.77%	12.65%	9.93%	6.61%	-3.51%
Effective Tax Rate	64.48%	-	771.14%	935.09%	-

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