Tat Seng Packaging Group Ltd (SGX:T12)

Tat Seng Packaging 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	237.8	253.94	258.87	336.26	367.51	303.07
Revenue Growth (YoY)	-8.46%	-1.90%	-23.02%	-8.50%	21.26%	5.01%
Cost of Revenue	186.66	197.46	201.76	277.33	298.34	238.75
Gross Profit	51.14	56.48	57.11	58.94	69.17	64.32
Selling, General & Admin	31.76	33.37	33.27	36.51	38.51	34.25
Other Operating Expenses	1.39	0.96	-1.39	-1.42	-1.85	-2.48
Operating Expenses	33.01	34.13	31.95	35.3	36.78	31.69
Operating Income	18.13	22.35	25.16	23.63	32.39	32.63
Interest Expense	-1.53	-1.21	-1.07	-1.46	-1.43	-1.61
Interest & Investment Income	3.13	3.26	2.4	0.92	0.61	0.64
Currency Exchange Gain (Loss)	0.23	0.23	0.22	0.87	-0.16	-1.03
Other Non Operating Income (Expenses)	-0.12	-0.12	-0.13	-0.15	-0.22	-0.17
EBT Excluding Unusual Items	19.85	24.52	26.58	23.81	31.19	30.46
Gain (Loss) on Sale of Investments	-0.19	-0.19	-	-	-	-
Gain (Loss) on Sale of Assets	0.07	0.07	-0.41	-0.14	-0.13	-0.27
Asset Writedown	-0.12	-0.12	-0.2	0.12	-0.01	-0.03
Pretax Income	19.61	24.28	25.98	23.8	31.05	30.16
Income Tax Expense	2.87	4.34	6	2.62	5.75	4.89
Earnings From Continuing Operations	16.74	19.94	19.97	21.18	25.3	25.27
Minority Interest in Earnings	-0.95	-1.12	-1.13	-0.51	-1.98	-2.14
Net Income	15.79	18.83	18.84	20.67	23.31	23.13
Net Income to Common	15.79	18.83	18.84	20.67	23.31	23.13
Net Income Growth	-23.17%	-0.10%	-8.82%	-11.35%	0.78%	61.36%
Shares Outstanding (Basic)	157	157	157	157	157	157
Shares Outstanding (Diluted)	157	157	157	157	157	157
EPS (Basic)	0.10	0.12	0.12	0.13	0.15	0.15
EPS (Diluted)	0.10	0.12	0.12	0.13	0.15	0.15
EPS Growth	-23.20%	-0.10%	-8.82%	-11.35%	0.78%	61.36%
Free Cash Flow	27.04	25.78	32.43	23.6	9.29	23.2
Free Cash Flow Per Share	0.17	0.16	0.21	0.15	0.06	0.15
Dividend Per Share	0.040	0.060	0.045	0.040	0.040	0.020
Dividend Growth	-20.00%	33.33%	12.50%	-	100.00%	-
Gross Margin	21.51%	22.24%	22.06%	17.53%	18.82%	21.22%
Operating Margin	7.62%	8.80%	9.72%	7.03%	8.81%	10.77%
Profit Margin	6.64%	7.41%	7.28%	6.15%	6.34%	7.63%
Free Cash Flow Margin	11.37%	10.15%	12.53%	7.02%	2.53%	7.66%
EBITDA	27.96	32.15	35.07	34.07	42.41	42.23
EBITDA Margin	11.76%	12.66%	13.55%	10.13%	11.54%	13.94%
D&A For EBITDA	9.83	9.8	9.91	10.44	10.02	9.6
EBIT	18.13	22.35	25.16	23.63	32.39	32.63
EBIT Margin	7.62%	8.80%	9.72%	7.03%	8.81%	10.77%
Effective Tax Rate	14.62%	17.86%	23.11%	11.02%	18.52%	16.22%

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