SGX:MZH 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	244.57	204.27	177.02	237.41	246.69
Revenue Growth (YoY)	19.73%	15.39%	-25.44%	-3.77%	12.99%
Cost of Revenue	156.14	128.4	111.45	123.55	124.54
Gross Profit	88.43	75.87	65.57	113.86	122.16
Selling, General & Admin	56.69	55.54	52.2	50.34	39.18
Research & Development	18.28	14.98	16.61	21.91	21.9
Other Operating Expenses	-1.19	-4.23	-5.99	-6.13	-6.52
Operating Expenses	73.95	66.51	62.72	66.17	53.24
Operating Income	14.48	9.35	2.85	47.69	68.92
Interest Expense	-2.66	-3.62	-1.9	-1.22	-0.7
Interest & Investment Income	1.4	3.19	2.14	1.58	0.98
Earnings From Equity Investments	-0.08	-0.1	-0.14	-0.03	-
Currency Exchange Gain (Loss)	-	0.68	-	-	-
EBT Excluding Unusual Items	13.15	9.5	2.94	48.01	69.2
Merger & Restructuring Charges	-	-	-	-	-0.03
Gain (Loss) on Sale of Assets	0.26	0.15	0.2	0.05	0.02
Asset Writedown	-3.14	-	-	-	-
Other Unusual Items	2.97	-	-	-1.95	0.68
Pretax Income	13.24	9.65	3.14	46.12	69.86
Income Tax Expense	1.32	2.11	0.45	2.83	7.33
Earnings From Continuing Operations	11.92	7.54	2.69	43.29	62.53
Minority Interest in Earnings	-0.12	0.21	0.44	0.52	-0.33
Net Income	11.8	7.74	3.14	43.81	62.2
Net Income to Common	11.8	7.74	3.14	43.81	62.2
Net Income Growth	52.41%	147.02%	-92.84%	-29.57%	7.96%
Shares Outstanding (Basic)	655	655	651	658	660
Shares Outstanding (Diluted)	657	657	652	660	664
Shares Change (YoY)	-0.01%	0.72%	-1.23%	-0.58%	21.34%
EPS (Basic)	0.02	0.01	0.00	0.07	0.09
EPS (Diluted)	0.02	0.01	0.00	0.07	0.09
EPS Growth	52.55%	145.86%	-92.77%	-29.14%	-11.02%
Free Cash Flow	1.76	-13.66	-10.03	21.64	-31.67
Free Cash Flow Per Share	0.00	-0.02	-0.01	0.03	-0.05
Dividend Per Share	0.012	0.007	0.007	0.022	0.020
Dividend Growth	81.82%	-	-70.00%	10.00%	-
Gross Margin	36.16%	37.14%	37.04%	47.96%	49.52%
Operating Margin	5.92%	4.58%	1.61%	20.09%	27.94%
Profit Margin	4.83%	3.79%	1.77%	18.45%	25.21%
Free Cash Flow Margin	0.72%	-6.69%	-5.66%	9.12%	-12.84%
EBITDA	58.47	39.97	33.09	77.03	93.57
EBITDA Margin	23.91%	19.57%	18.69%	32.45%	37.93%
D&A For EBITDA	43.98	30.62	30.24	29.34	24.65
EBIT	14.48	9.35	2.85	47.69	68.92
EBIT Margin	5.92%	4.58%	1.61%	20.09%	27.94%
Effective Tax Rate	9.97%	21.88%	14.29%	6.14%	10.49%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.