Hafary Holdings Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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
Operating Revenue	283.71	263.14	226.42	168.89	126	84.32
Other Revenue	0.77	0.77	0.53	0.5	0.29	0.11
Revenue	284.47	263.9	226.95	169.39	126.3	84.42
Revenue Growth (YoY)	19.07%	16.28%	33.98%	34.12%	49.60%	-22.29%
Cost of Revenue	172.14	157.55	123.93	91.45	75.93	48.73
Gross Profit	112.33	106.35	103.02	77.94	50.36	35.69
Selling, General & Admin	39.97	38.27	36.08	26.8	23.27	17.05
Other Operating Expenses	11.42	11.39	7.52	4.2	3.64	5.8
Operating Expenses	64.83	62.78	55.17	40.74	34.92	30.42
Operating Income	47.5	43.58	47.85	37.2	15.45	5.27
Interest Expense	-11.95	-12.18	-9.49	-4.62	-3.2	-3.26
Earnings From Equity Investments	1.76	2.32	3.5	4.04	1.56	1.84
Currency Exchange Gain (Loss)	-0.59	-0.54	-0.27	0.22	0.25	-0.46
Other Non Operating Income (Expenses)	-0.16	-0.16	-0.3	0.07	-0.32	-0.25
EBT Excluding Unusual Items	36.56	33.02	41.3	36.91	13.73	3.15
Gain (Loss) on Sale of Investments	0.45	0.45	7.51	0.22	-0.07	-0.11
Gain (Loss) on Sale of Assets	4.24	4.24	0	0.16	-	0
Asset Writedown	-0.9	-0.9	-	-	-	-
Other Unusual Items	0.09	0.09	0.09	0.26	1.47	3.19
Pretax Income	40.45	36.91	48.97	37.58	15.13	6.26
Income Tax Expense	8.09	8.21	8.87	6.95	2.82	0.73
Earnings From Continuing Operations	32.36	28.7	40.1	30.64	12.31	5.54
Minority Interest in Earnings	-1.9	-1.15	-1.03	-1.27	-0.73	-0.28
Net Income	30.45	27.55	39.07	29.37	11.58	5.26
Net Income to Common	30.45	27.55	39.07	29.37	11.58	5.26
Net Income Growth	-9.05%	-29.48%	33.00%	153.64%	120.15%	-47.85%
Shares Outstanding (Basic)	431	431	431	431	431	431
Shares Outstanding (Diluted)	431	431	431	431	431	431
Shares Change (YoY)	0.21%	-	-	-	-	-
EPS (Basic)	0.07	0.06	0.09	0.07	0.03	0.01
EPS (Diluted)	0.07	0.06	0.09	0.07	0.03	0.01
EPS Growth	-9.20%	-29.45%	32.99%	153.58%	120.45%	-47.86%
Free Cash Flow	43.14	10.48	31.47	8.42	-1.85	18.85
Free Cash Flow Per Share	0.10	0.02	0.07	0.02	-0.00	0.04
Dividend Per Share	0.015	0.015	0.015	0.015	0.015	0.010
Dividend Growth	-	-	-	-	50.00%	-
Gross Margin	39.49%	40.30%	45.40%	46.01%	39.88%	42.27%
Operating Margin	16.70%	16.51%	21.08%	21.96%	12.23%	6.24%
Profit Margin	10.71%	10.44%	17.21%	17.34%	9.17%	6.23%
Free Cash Flow Margin	15.17%	3.97%	13.87%	4.97%	-1.47%	22.32%
EBITDA	58.53	54.33	56.77	44.14	20.65	10.03
EBITDA Margin	20.57%	20.59%	25.01%	26.06%	16.35%	11.88%
D&A For EBITDA	11.03	10.75	8.92	6.94	5.21	4.76
EBIT	47.5	43.58	47.85	37.2	15.45	5.27
EBIT Margin	16.70%	16.51%	21.08%	21.96%	12.23%	6.24%
Effective Tax Rate	20.01%	22.24%	18.12%	18.48%	18.64%	11.58%

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