SUTL Enterprise 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	39.91	39.62	40.11	38.13	31.88
Revenue	39.91	39.62	40.11	38.13	31.88
Revenue Growth (YoY)	0.72%	-1.23%	5.19%	19.60%	17.93%
Cost of Revenue	8.92	9.19	8.92	8.29	5.68
Gross Profit	30.99	30.43	31.19	29.84	26.21
Selling, General & Admin	14.64	13.65	14.03	13.03	11.47
Other Operating Expenses	1.93	2.26	3.67	3.05	4.35
Operating Expenses	22.78	22.14	23.77	22.1	21.49
Operating Income	8.2	8.29	7.42	7.74	4.71
Interest Expense	-0.48	-0.23	-0.24	-0.29	-0.22
Interest & Investment Income	1.48	2.05	1.83	0.54	0.16
Currency Exchange Gain (Loss)	0.15	0.45	-	-	-
Other Non Operating Income (Expenses)	0.39	-0.19	0.67	0.11	-0.15
EBT Excluding Unusual Items	9.73	10.37	9.68	8.1	4.5
Gain (Loss) on Sale of Investments	0.33	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.44	-	-	-
Pretax Income	10.07	10.81	9.68	8.1	4.5
Income Tax Expense	1.81	2.4	2.2	1.16	1.52
Earnings From Continuing Operations	8.26	8.4	7.48	6.95	2.98
Net Income to Company	8.26	8.4	7.48	6.95	2.98
Minority Interest in Earnings	0.11	0.12	0.61	0.57	1.94
Net Income	8.36	8.53	8.09	7.52	4.92
Net Income to Common	8.36	8.53	8.09	7.52	4.92
Net Income Growth	-1.89%	5.36%	7.59%	52.81%	54.55%
Shares Outstanding (Basic)	89	88	87	86	86
Shares Outstanding (Diluted)	89	89	87	86	86
Shares Change (YoY)	0.79%	1.68%	1.15%	0.15%	-0.48%
EPS (Basic)	0.09	0.10	0.09	0.09	0.06
EPS (Diluted)	0.09	0.10	0.09	0.09	0.06
EPS Growth	-2.70%	3.66%	6.41%	52.63%	55.17%
Free Cash Flow	6.12	5.34	8.85	10.22	5.74
Free Cash Flow Per Share	0.07	0.06	0.10	0.12	0.07
Dividend Per Share	0.050	0.050	0.050	0.050	0.020
Dividend Growth	-	-	-	150.00%	-
Gross Margin	77.64%	76.81%	77.76%	78.26%	82.19%
Operating Margin	20.56%	20.93%	18.51%	20.30%	14.78%
Profit Margin	20.96%	21.52%	20.17%	19.72%	15.43%
Free Cash Flow Margin	15.34%	13.47%	22.06%	26.81%	18.02%
EBITDA	14.2	13.98	13	13.33	10.36
EBITDA Margin	35.59%	35.29%	32.40%	34.96%	32.48%
D&A For EBITDA	6	5.69	5.58	5.59	5.64
EBIT	8.2	8.29	7.42	7.74	4.71
EBIT Margin	20.56%	20.93%	18.51%	20.30%	14.78%
Effective Tax Rate	17.96%	22.24%	22.71%	14.27%	33.83%
Advertising Expenses	0.85	0.8	0.96	0.9	0.52

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