Boustead Singapore Income Statement

Financials in millions SGD. Fiscal year is April - March.

Millions SGD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	525.88	527.1	767.57	561.65	631.81	685.71
Revenue Growth (YoY)	-24.32%	-31.33%	36.66%	-11.11%	-7.86%	-5.62%
Cost of Revenue	298.94	293.8	540.83	404.6	487.06	512.11
Gross Profit	226.94	233.3	226.74	157.04	144.75	173.6
Selling, General & Admin	135.08	133.2	133.75	108.86	109.35	109.01
Operating Expenses	137.65	134.92	137.08	109.46	111.57	109.01
Operating Income	89.29	98.38	89.66	47.59	33.18	64.59
Interest Expense	-2.6	-2.33	-1.65	-3.13	-1.95	-3.84
Interest & Investment Income	19.67	20.14	18.62	13.13	8.11	4.77
Earnings From Equity Investments	-14.45	-19.2	-11.57	-0.68	13.91	12.6
Currency Exchange Gain (Loss)	1.34	-1.46	1.3	11.38	3.12	-10.42
Other Non Operating Income (Expenses)	-3.42	-3.34	-0.72	0.73	-2.34	1.22
EBT Excluding Unusual Items	89.82	92.19	95.63	69.01	54.03	68.92
Gain (Loss) on Sale of Investments	1.84	1.83	1.11	-0.37	3.34	0.36
Gain (Loss) on Sale of Assets	28.98	28.98	2.46	8.4	-	136.54
Asset Writedown	-	-	-	-0.56	-1.68	-
Other Unusual Items	0.32	0.32	1.24	-	-0.45	-1.53
Pretax Income	120.96	123.32	100.45	76.48	55.24	204.3
Income Tax Expense	22.3	23.25	28.28	20.28	16.45	25.44
Earnings From Continuing Operations	98.66	100.08	72.16	56.2	38.79	178.86
Minority Interest in Earnings	-4.66	-5.03	-7.97	-10.88	-8.21	-65.78
Net Income	94	95.05	64.19	45.33	30.58	113.07
Net Income to Common	94	95.05	64.19	45.33	30.58	113.07
Net Income Growth	28.23%	48.08%	41.62%	48.23%	-72.96%	266.26%
Shares Outstanding (Basic)	493	486	477	480	483	486
Shares Outstanding (Diluted)	493	486	477	480	483	486
Shares Change (YoY)	2.94%	1.73%	-0.57%	-0.63%	-0.57%	-0.88%
EPS (Basic)	0.19	0.20	0.13	0.09	0.06	0.23
EPS (Diluted)	0.19	0.20	0.13	0.09	0.06	0.23
EPS Growth	24.57%	45.56%	42.44%	49.16%	-72.78%	269.64%
Free Cash Flow	24.54	69.75	91.52	73.41	51.37	59.42
Free Cash Flow Per Share	0.05	0.14	0.19	0.15	0.11	0.12
Dividend Per Share	0.055	0.055	0.055	0.040	0.040	0.040
Dividend Growth	-	-	37.50%	-	-	33.33%
Gross Margin	43.16%	44.26%	29.54%	27.96%	22.91%	25.32%
Operating Margin	16.98%	18.66%	11.68%	8.47%	5.25%	9.42%
Profit Margin	17.88%	18.03%	8.36%	8.07%	4.84%	16.49%
Free Cash Flow Margin	4.67%	13.23%	11.92%	13.07%	8.13%	8.67%
EBITDA	93.95	102.91	96.62	52.35	38.89	73.84
EBITDA Margin	17.87%	19.52%	12.59%	9.32%	6.16%	10.77%
D&A For EBITDA	4.66	4.53	6.96	4.77	5.71	9.25
EBIT	89.29	98.38	89.66	47.59	33.18	64.59
EBIT Margin	16.98%	18.66%	11.68%	8.47%	5.25%	9.42%
Effective Tax Rate	18.43%	18.85%	28.16%	26.52%	29.78%	12.45%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.