Sin Heng Heavy Machinery 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	44.1	50.28	66.23	51.57	53.73
Revenue Growth (YoY)	-12.30%	-24.08%	28.43%	-4.02%	0.70%
Cost of Revenue	29.38	33.56	47.8	38.73	40.34
Gross Profit	14.72	16.72	18.43	12.84	13.39
Selling, General & Admin	9.79	10.66	10.87	9.77	9.34
Other Operating Expenses	-0.31	0.1	-0.02	-0.01	-0.42
Operating Expenses	9.48	10.76	11.14	9.69	8.89
Operating Income	5.24	5.96	7.29	3.15	4.51
Interest Expense	-0.23	-0.19	-0.18	-0.06	-0.18
Interest & Investment Income	0.92	1.32	1.12	0.34	0.15
Currency Exchange Gain (Loss)	-	0.04	0.26	0.11	-0.79
EBT Excluding Unusual Items	5.93	7.13	8.49	3.53	3.68
Gain (Loss) on Sale of Investments	-	0.08	0.08	0.08	-0.06
Gain (Loss) on Sale of Assets	0.12	0.33	1.29	0.42	-0
Asset Writedown	-0	-0.04	-0.09	-	-
Other Unusual Items	-	-	-	-	1.18
Pretax Income	6.05	7.49	9.77	4.4	4.82
Income Tax Expense	0.94	1.23	1.78	0.74	1.05
Earnings From Continuing Operations	5.11	6.27	8	3.65	3.77
Net Income	5.11	6.27	8	3.65	3.77
Net Income to Common	5.11	6.27	8	3.65	3.77
Net Income Growth	-18.51%	-21.61%	118.98%	-3.05%	214.88%
Shares Outstanding (Basic)	109	109	112	113	114
Shares Outstanding (Diluted)	109	109	112	113	114
Shares Change (YoY)	-0.30%	-2.81%	-1.04%	-0.29%	-0.23%
EPS (Basic)	0.05	0.06	0.07	0.03	0.03
EPS (Diluted)	0.05	0.06	0.07	0.03	0.03
EPS Growth	-18.27%	-19.35%	121.28%	-2.77%	215.61%
Free Cash Flow	5.16	11.46	5.14	-8.46	26.92
Free Cash Flow Per Share	0.05	0.10	0.05	-0.07	0.24
Dividend Per Share	0.010	0.010	0.010	0.010	0.010
Dividend Growth	-	-	-	-	100.00%
Gross Margin	33.37%	33.25%	27.83%	24.90%	24.92%
Operating Margin	11.87%	11.86%	11.01%	6.11%	8.38%
Profit Margin	11.58%	12.46%	12.07%	7.08%	7.01%
Free Cash Flow Margin	11.70%	22.79%	7.76%	-16.41%	50.09%
EBITDA	11.02	11.98	13.74	9.98	12.04
EBITDA Margin	24.99%	23.82%	20.75%	19.35%	22.41%
D&A For EBITDA	5.79	6.02	6.45	6.83	7.54
EBIT	5.24	5.96	7.29	3.15	4.51
EBIT Margin	11.87%	11.86%	11.01%	6.11%	8.38%
Effective Tax Rate	15.52%	16.35%	18.20%	16.93%	21.83%

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