Aspial Corporation 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	875.8	678.36	600	506.24	417.18
Revenue Growth (YoY)	29.11%	13.06%	18.52%	21.35%	-21.47%
Cost of Revenue	605.91	437.46	398.78	316.44	245.88
Gross Profit	269.9	240.9	201.22	189.8	171.3
Selling, General & Admin	97.45	83.13	72.97	68.86	64.07
Other Operating Expenses	68.65	73.54	80.32	70.91	61.53
Operating Expenses	205.47	194.02	187.23	173.03	158.8
Operating Income	64.43	46.88	14	16.78	12.49
Interest Expense	-44.34	-50.34	-53.3	-42.92	-36.61
Interest & Investment Income	1.33	0.73	0.98	1.71	3.85
Earnings From Equity Investments	12.09	4.2	5.07	1.07	0.61
Currency Exchange Gain (Loss)	11.01	11.97	0.27	1.05	0.01
Other Non Operating Income (Expenses)	14.57	11.89	14.03	15.02	16.71
EBT Excluding Unusual Items	59.09	25.34	-18.95	-7.3	-2.94
Gain (Loss) on Sale of Investments	-	5	0.01	1.29	1.35
Gain (Loss) on Sale of Assets	-	0.54	-	1.35	0.03
Asset Writedown	6.73	-	0.2	1.04	-
Other Unusual Items	-8.63	-8.65	-1.09	0.11	8.14
Pretax Income	57.19	22.23	-19.83	-3.51	6.59
Income Tax Expense	7.04	7.33	-1.43	8.24	3.93
Earnings From Continuing Operations	50.14	14.9	-18.4	-11.75	2.66
Minority Interest in Earnings	-28.66	-9.45	-5.14	-2.96	-3.02
Net Income	21.48	5.45	-23.54	-14.71	-0.36
Net Income to Common	21.48	5.45	-23.54	-14.71	-0.36
Net Income Growth	293.98%	-	-	-	-
Shares Outstanding (Basic)	2,219	2,220	2,188	2,166	2,032
Shares Outstanding (Diluted)	2,219	2,220	2,188	2,166	2,032
Shares Change (YoY)	-0.07%	1.47%	1.04%	6.58%	4.85%
EPS (Basic)	0.01	0.00	-0.01	-0.01	-0.00
EPS (Diluted)	0.01	0.00	-0.01	-0.01	-0.00
EPS Growth	294.30%	-	-	-	-
Free Cash Flow	-23.78	-55.51	24.49	4.23	-50.22
Free Cash Flow Per Share	-0.01	-0.03	0.01	0.00	-0.03
Dividend Per Share	-	0.003	-	-	0.003
Gross Margin	30.82%	35.51%	33.54%	37.49%	41.06%
Operating Margin	7.36%	6.91%	2.33%	3.31%	3.00%
Profit Margin	2.45%	0.80%	-3.92%	-2.91%	-0.09%
Free Cash Flow Margin	-2.72%	-8.18%	4.08%	0.83%	-12.04%
EBITDA	77.08	57.2	22.96	24.81	20.37
EBITDA Margin	8.80%	8.43%	3.83%	4.90%	4.88%
D&A For EBITDA	12.65	10.32	8.96	8.03	7.87
EBIT	64.43	46.88	14	16.78	12.49
EBIT Margin	7.36%	6.91%	2.33%	3.31%	3.00%
Effective Tax Rate	12.32%	32.97%	-	-	59.69%

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