APAC Realty Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	634.21	558.03	554.49	700.36	735.37	389.43
Other Revenue	2.39	2.26	2.15	3.23	3.42	3.19
Revenue	636.59	560.29	556.65	703.59	738.79	392.62
Revenue Growth (YoY)	13.24%	0.65%	-20.89%	-4.76%	88.17%	6.42%
Cost of Revenue	577.17	512.13	503.21	632.44	665.37	348.45
Gross Profit	59.42	48.16	53.44	71.15	73.42	44.17
Selling, General & Admin	24.28	23.34	25.82	22.44	18.86	16.21
Amortization of Goodwill & Intangibles	1.15	1.16	1.08	0.94	0.93	0.93
Other Operating Expenses	5.36	5.03	5.27	4.37	2.21	2.65
Operating Expenses	40.34	38.07	37.95	34.84	29.65	24.51
Operating Income	19.08	10.09	15.49	36.31	43.77	19.66
Interest Expense	-1.73	-1.94	-2.13	-0.98	-0.77	-1.07
Interest & Investment Income	0.51	0.5	0.32	0.5	0.52	0.52
Earnings From Equity Investments	0.09	0.11	-	0.12	-0.4	-0.16
Currency Exchange Gain (Loss)	0.02	0.1	-0.18	-0.26	0.19	-
EBT Excluding Unusual Items	17.98	8.86	13.51	35.68	43.31	18.95
Impairment of Goodwill	-	-	-5.18	-	-0.13	-
Gain (Loss) on Sale of Investments	-	-	5.23	0.34	-0.75	-1.12
Gain (Loss) on Sale of Assets	-0	-0.04	-0	-0.17	-0.09	-0.05
Asset Writedown	-	-	-	-	-	-0.05
Other Unusual Items	-	-	-	-2.97	0.28	1.92
Pretax Income	17.97	8.82	13.56	32.88	42.62	19.65
Income Tax Expense	4	2.31	2.96	6.45	7.33	3.31
Earnings From Continuing Operations	13.97	6.52	10.6	26.43	35.29	16.34
Minority Interest in Earnings	0.42	0.69	1.17	0.12	0.1	0.1
Net Income	14.39	7.21	11.78	26.56	35.39	16.44
Net Income to Common	14.39	7.21	11.78	26.56	35.39	16.44
Net Income Growth	32.77%	-38.75%	-55.66%	-24.96%	115.29%	17.31%
Shares Outstanding (Basic)	430	428	426	426	426	426
Shares Outstanding (Diluted)	442	442	433	426	426	426
Shares Change (YoY)	-0.21%	2.09%	1.67%	-	-	-
EPS (Basic)	0.03	0.02	0.03	0.06	0.08	0.04
EPS (Diluted)	0.03	0.02	0.03	0.06	0.08	0.04
EPS Growth	32.29%	-40.07%	-56.34%	-24.96%	115.29%	17.32%
Free Cash Flow	24.28	8.43	15.96	32.79	53.78	19.87
Free Cash Flow Per Share	0.06	0.02	0.04	0.08	0.13	0.05
Dividend Per Share	0.033	0.018	0.021	0.052	0.063	0.021
Dividend Growth	70.16%	-15.87%	-60.08%	-16.64%	200.48%	24.55%
Gross Margin	9.33%	8.60%	9.60%	10.11%	9.94%	11.25%
Operating Margin	3.00%	1.80%	2.78%	5.16%	5.92%	5.01%
Profit Margin	2.26%	1.29%	2.11%	3.77%	4.79%	4.19%
Free Cash Flow Margin	3.81%	1.50%	2.87%	4.66%	7.28%	5.06%
EBITDA	23.03	14.05	19.32	39.69	46.76	21.21
EBITDA Margin	3.62%	2.51%	3.47%	5.64%	6.33%	5.40%
D&A For EBITDA	3.94	3.97	3.82	3.39	3	1.55
EBIT	19.08	10.09	15.49	36.31	43.77	19.66
EBIT Margin	3.00%	1.80%	2.78%	5.16%	5.92%	5.01%
Effective Tax Rate	22.25%	26.13%	21.84%	19.61%	17.19%	16.83%
Revenue as Reported	637.36	561.02	557.25	705.01	739.75	395.13

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