Avarga 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	1,524	1,620	1,692	2,368	2,435
Revenue Growth (YoY)	-5.92%	-4.26%	-28.57%	-2.75%	43.83%
Cost of Revenue	1,359	1,454	1,496	2,058	2,101
Gross Profit	164.68	165.77	195.8	310.55	334.41
Selling, General & Admin	106.67	112.07	126.5	182.55	189.85
Operating Expenses	107.92	113.64	126.72	183.16	191.17
Operating Income	56.76	52.13	69.08	127.39	143.24
Interest Expense	-5.58	-6.23	-7.05	-9.24	-10.16
Interest & Investment Income	2.18	5.98	2.98	0.08	0.08
Currency Exchange Gain (Loss)	-1.99	1.95	-0.64	-3.65	3.24
Other Non Operating Income (Expenses)	-18.88	-0.98	-0.17	1.28	0.61
EBT Excluding Unusual Items	32.48	52.86	64.21	115.87	137.01
Impairment of Goodwill	-10.05	-	-	-	-
Gain (Loss) on Sale of Investments	-	-0.01	-0.92	-	-0.28
Gain (Loss) on Sale of Assets	-	0.22	0.32	0.14	-0.29
Asset Writedown	-9	-2.57	-14.46	-6.14	-
Pretax Income	13.43	50.5	49.15	109.86	136.44
Income Tax Expense	9.9	18.62	11.22	33.3	35.87
Earnings From Continuing Operations	3.52	31.88	37.93	76.56	100.57
Earnings From Discontinued Operations	16.25	4.45	-10.75	-	-
Net Income to Company	19.77	36.33	27.18	76.56	100.57
Minority Interest in Earnings	-6.71	-12.77	-16.25	-25.69	-27.27
Net Income	13.05	23.56	10.93	50.88	73.3
Net Income to Common	13.05	23.56	10.93	50.88	73.3
Net Income Growth	-44.59%	115.60%	-78.52%	-30.59%	33.69%
Shares Outstanding (Basic)	91	91	91	91	92
Shares Outstanding (Diluted)	91	91	91	91	92
Shares Change (YoY)	-	-	-0.00%	-1.10%	-2.99%
EPS (Basic)	0.14	0.26	0.12	0.56	0.80
EPS (Diluted)	0.14	0.26	0.12	0.56	0.80
EPS Growth	-44.59%	115.60%	-78.52%	-29.83%	37.82%
Free Cash Flow	30.09	43.94	104.15	48.62	124.26
Free Cash Flow Per Share	0.33	0.48	1.15	0.54	1.35
Dividend Per Share	-	-	-	-	0.084
Dividend Growth	-	-	-	-	-44.00%
Gross Margin	10.81%	10.23%	11.58%	13.11%	13.73%
Operating Margin	3.72%	3.22%	4.08%	5.38%	5.88%
Profit Margin	0.86%	1.46%	0.65%	2.15%	3.01%
Free Cash Flow Margin	1.97%	2.71%	6.16%	2.05%	5.10%
EBITDA	70.62	59.21	80.79	139.31	154.99
EBITDA Margin	4.63%	3.66%	4.78%	5.88%	6.36%
D&A For EBITDA	13.87	7.08	11.71	11.92	11.75
EBIT	56.76	52.13	69.08	127.39	143.24
EBIT Margin	3.72%	3.22%	4.08%	5.38%	5.88%
Effective Tax Rate	73.77%	36.87%	22.84%	30.31%	26.29%

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