Banyan Tree 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	477.36	380.64	327.91	271.33	221.23
Revenue	477.36	380.64	327.91	271.33	221.23
Revenue Growth (YoY)	25.41%	16.08%	20.85%	22.65%	39.99%
Cost of Revenue	216.44	195.84	167.51	151.97	166.96
Gross Profit	260.92	184.8	160.4	119.35	54.27
Selling, General & Admin	84.96	65.3	76.51	63.83	33.11
Amortization of Goodwill & Intangibles	5.74	3.77	0.91	0.89	0.83
Other Operating Expenses	62.66	48.69	42.31	36.8	19.17
Operating Expenses	187.49	148.13	142.04	120.95	76.92
Operating Income	73.43	36.67	18.36	-1.6	-22.65
Interest Expense	-24.21	-25.2	-22.31	-22.68	-39.97
Interest & Investment Income	3.61	7.86	5.38	7.57	3.64
Earnings From Equity Investments	2.86	-0.22	-6.17	-5.33	2.65
Other Non Operating Income (Expenses)	17.16	5.62	-1.06	1.05	-3.82
EBT Excluding Unusual Items	72.84	24.72	-5.8	-20.99	-60.16
Gain (Loss) on Sale of Investments	-	-	33.52	-	0
Gain (Loss) on Sale of Assets	-	-	10.55	-	0.17
Asset Writedown	-0.27	6.26	4.33	6.89	1.06
Other Unusual Items	-	-	-	15.38	7.1
Pretax Income	72.57	54.3	42.59	1.29	-51.82
Income Tax Expense	19.39	5.65	9.73	0.71	9.45
Earnings From Continuing Operations	53.18	48.65	32.86	0.57	-61.27
Minority Interest in Earnings	-10.69	-6.54	-1.15	0.19	6.08
Net Income	42.49	42.1	31.71	0.77	-55.19
Net Income to Common	42.49	42.1	31.71	0.77	-55.19
Net Income Growth	0.91%	32.79%	4034.03%	-	-
Shares Outstanding (Basic)	867	867	867	864	849
Shares Outstanding (Diluted)	869	869	869	952	849
Shares Change (YoY)	-0.06%	0.05%	-8.77%	12.14%	1.07%
EPS (Basic)	0.05	0.05	0.04	0.00	-0.07
EPS (Diluted)	0.05	0.05	0.04	0.00	-0.07
EPS Growth	1.03%	32.60%	4462.38%	-	-
Free Cash Flow	-50.76	23.75	13.08	72.15	112.66
Free Cash Flow Per Share	-0.06	0.03	0.01	0.08	0.13
Dividend Per Share	0.013	0.013	0.012	-	-
Dividend Growth	3.85%	8.33%	-	-	-
Gross Margin	54.66%	48.55%	48.91%	43.99%	24.53%
Operating Margin	15.38%	9.63%	5.60%	-0.59%	-10.24%
Profit Margin	8.90%	11.06%	9.67%	0.28%	-24.95%
Free Cash Flow Margin	-10.63%	6.24%	3.99%	26.59%	50.92%
EBITDA	109.16	62.96	38.1	20.7	-1.46
EBITDA Margin	22.87%	16.54%	11.62%	7.63%	-0.66%
D&A For EBITDA	35.74	26.29	19.74	22.3	21.19
EBIT	73.43	36.67	18.36	-1.6	-22.65
EBIT Margin	15.38%	9.63%	5.60%	-0.59%	-10.24%
Effective Tax Rate	26.72%	10.41%	22.85%	55.41%	-
Revenue as Reported	-	413.71	378.99	295.11	234.45

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.