Hafary Holdings 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
Operating Revenue	286.99	263.14	226.42	168.89	126
Other Revenue	7.81	0.77	0.53	0.5	0.29
Revenue	294.8	263.9	226.95	169.39	126.3
Revenue Growth (YoY)	11.71%	16.28%	33.98%	34.12%	49.60%
Cost of Revenue	169.06	157.55	123.93	91.45	75.93
Gross Profit	125.74	106.35	103.02	77.94	50.36
Selling, General & Admin	37.44	38.27	36.08	26.8	23.27
Other Operating Expenses	23.58	11.39	7.52	4.2	3.64
Operating Expenses	74.14	62.78	55.17	40.74	34.92
Operating Income	51.59	43.58	47.85	37.2	15.45
Interest Expense	-10.72	-12.18	-9.49	-4.62	-3.2
Earnings From Equity Investments	2.05	2.32	3.5	4.04	1.56
Currency Exchange Gain (Loss)	-	-0.54	-0.27	0.22	0.25
Other Non Operating Income (Expenses)	-0.38	-0.16	-0.3	0.07	-0.32
EBT Excluding Unusual Items	42.55	33.02	41.3	36.91	13.73
Gain (Loss) on Sale of Investments	-	0.45	7.51	0.22	-0.07
Gain (Loss) on Sale of Assets	-	4.24	0	0.16	-
Asset Writedown	-3.75	-0.9	-	-	-
Other Unusual Items	-	0.09	0.09	0.26	1.47
Pretax Income	38.8	36.91	48.97	37.58	15.13
Income Tax Expense	7.74	8.21	8.87	6.95	2.82
Earnings From Continuing Operations	31.05	28.7	40.1	30.64	12.31
Minority Interest in Earnings	-1.19	-1.15	-1.03	-1.27	-0.73
Net Income	29.87	27.55	39.07	29.37	11.58
Net Income to Common	29.87	27.55	39.07	29.37	11.58
Net Income Growth	8.40%	-29.48%	33.00%	153.64%	120.15%
Shares Outstanding (Basic)	430	431	431	431	431
Shares Outstanding (Diluted)	430	431	431	431	431
Shares Change (YoY)	-0.05%	-	-	-	-
EPS (Basic)	0.07	0.06	0.09	0.07	0.03
EPS (Diluted)	0.07	0.06	0.09	0.07	0.03
EPS Growth	8.45%	-29.45%	32.99%	153.58%	120.45%
Free Cash Flow	45.97	10.48	31.47	8.42	-1.85
Free Cash Flow Per Share	0.11	0.02	0.07	0.02	-0.00
Dividend Per Share	-	0.015	0.015	0.015	0.015
Dividend Growth	-	-	-	-	50.00%
Gross Margin	42.65%	40.30%	45.40%	46.01%	39.88%
Operating Margin	17.50%	16.51%	21.08%	21.96%	12.23%
Profit Margin	10.13%	10.44%	17.21%	17.34%	9.17%
Free Cash Flow Margin	15.59%	3.97%	13.87%	4.97%	-1.47%
EBITDA	62.89	54.33	56.77	44.14	20.65
EBITDA Margin	21.33%	20.59%	25.01%	26.06%	16.35%
D&A For EBITDA	11.3	10.75	8.92	6.94	5.21
EBIT	51.59	43.58	47.85	37.2	15.45
EBIT Margin	17.50%	16.51%	21.08%	21.96%	12.23%
Effective Tax Rate	19.96%	22.24%	18.12%	18.48%	18.64%

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