Nordic Group Limited (SGX:MR7)

Nordic Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	167.06	158.39	160.64	162.76	103.07	80.79
Revenue Growth (YoY)	13.35%	-1.41%	-1.30%	57.92%	27.57%	-4.53%
Cost of Revenue	129.2	122.11	124.23	117.54	75.55	62.91
Gross Profit	37.86	36.28	36.41	45.22	27.51	17.88
Selling, General & Admin	15.87	15.85	17.32	22.71	14.09	14.42
Operating Expenses	15.87	15.85	17.32	22.71	14.09	14.42
Operating Income	22	20.44	19.09	22.51	13.42	3.46
Interest Expense	-2.79	-3.86	-3.59	-2.02	-0.57	-1.02
Interest & Investment Income	1.06	1.3	0.85	0.17	0.09	0.22
Currency Exchange Gain (Loss)	-0.47	1.88	-0.97	-0.9	0.4	0.31
Other Non Operating Income (Expenses)	0.01	0.42	1.15	1.05	1.1	3.15
EBT Excluding Unusual Items	19.81	20.18	16.53	20.81	14.43	6.12
Merger & Restructuring Charges	-	-	-	-0.25	-	-
Gain (Loss) on Sale of Assets	-0.04	0.01	1.54	0.68	0.04	-0.22
Other Unusual Items	-	-	1.5	1.12	-	-
Pretax Income	19.77	20.18	19.57	22.36	14.48	5.9
Income Tax Expense	2.51	2.67	3.6	1.51	0.6	0.42
Earnings From Continuing Operations	17.26	17.51	15.98	20.85	13.88	5.48
Minority Interest in Earnings	-	-	-	-0.18	-	-
Net Income	17.26	17.51	15.98	20.67	13.88	5.48
Net Income to Common	17.26	17.51	15.98	20.67	13.88	5.48
Net Income Growth	19.86%	9.61%	-22.72%	48.98%	153.12%	-35.35%
Shares Outstanding (Basic)	399	399	400	393	388	390
Shares Outstanding (Diluted)	399	399	400	393	388	390
Shares Change (YoY)	-0.12%	-0.09%	1.81%	1.15%	-0.54%	-0.47%
EPS (Basic)	0.04	0.04	0.04	0.05	0.04	0.01
EPS (Diluted)	0.04	0.04	0.04	0.05	0.04	0.01
EPS Growth	20.00%	9.71%	-24.09%	47.29%	154.51%	-35.05%
Free Cash Flow	25.05	16.33	10.18	34.12	9.2	17.1
Free Cash Flow Per Share	0.06	0.04	0.03	0.09	0.02	0.04
Dividend Per Share	0.017	0.018	0.016	0.021	0.014	0.005
Dividend Growth	19.83%	10.21%	-23.16%	48.99%	152.82%	-35.26%
Gross Margin	22.66%	22.91%	22.67%	27.78%	26.69%	22.13%
Operating Margin	13.17%	12.90%	11.88%	13.83%	13.02%	4.28%
Profit Margin	10.33%	11.06%	9.95%	12.70%	13.46%	6.78%
Free Cash Flow Margin	14.99%	10.31%	6.33%	20.96%	8.93%	21.16%
EBITDA	26.58	24.95	23.63	29.64	17.27	8.59
EBITDA Margin	15.91%	15.75%	14.71%	18.21%	16.75%	10.63%
D&A For EBITDA	4.58	4.52	4.54	7.13	3.85	5.13
EBIT	22	20.44	19.09	22.51	13.42	3.46
EBIT Margin	13.17%	12.90%	11.88%	13.83%	13.02%	4.28%
Effective Tax Rate	12.68%	13.23%	18.37%	6.76%	4.15%	7.05%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.