Avarga Limited (SGX:X5N)

Avarga 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	1,591	1,620	1,692	2,368	2,435	1,693
Revenue Growth (YoY)	-4.66%	-4.26%	-28.57%	-2.75%	43.83%	20.61%
Cost of Revenue	1,430	1,454	1,496	2,058	2,101	1,446
Gross Profit	161.11	165.77	195.8	310.55	334.41	247.73
Selling, General & Admin	109.78	112.07	126.5	182.55	189.85	137.65
Operating Expenses	111.64	113.64	126.72	183.16	191.17	138.47
Operating Income	49.48	52.13	69.08	127.39	143.24	109.26
Interest Expense	-5.67	-6.23	-7.05	-9.24	-10.16	-10.5
Interest & Investment Income	4.97	5.98	2.98	0.08	0.08	0.21
Currency Exchange Gain (Loss)	0.01	1.95	-0.64	-3.65	3.24	0.92
Other Non Operating Income (Expenses)	-20.37	-0.98	-0.17	1.28	0.61	-0.76
EBT Excluding Unusual Items	28.41	52.86	64.21	115.87	137.01	99.13
Gain (Loss) on Sale of Investments	-0.01	-0.01	-0.92	-	-0.28	-
Gain (Loss) on Sale of Assets	0.22	0.22	0.32	0.14	-0.29	-0.07
Asset Writedown	-2.57	-2.57	-14.46	-6.14	-	-
Other Unusual Items	-	-	-	-	-	3.12
Pretax Income	26.06	50.5	49.15	109.86	136.44	102.17
Income Tax Expense	16.91	18.62	11.22	33.3	35.87	27.38
Earnings From Continuing Operations	9.15	31.88	37.93	76.56	100.57	74.8
Earnings From Discontinued Operations	6.09	4.45	-10.75	-	-	-
Net Income to Company	15.24	36.33	27.18	76.56	100.57	74.8
Minority Interest in Earnings	-11.43	-12.77	-16.25	-25.69	-27.27	-19.97
Net Income	3.81	23.56	10.93	50.88	73.3	54.83
Net Income to Common	3.81	23.56	10.93	50.88	73.3	54.83
Net Income Growth	-61.95%	115.60%	-78.52%	-30.59%	33.69%	68.37%
Shares Outstanding (Basic)	91	91	91	91	92	95
Shares Outstanding (Diluted)	91	91	91	91	92	95
Shares Change (YoY)	-	-	-0.00%	-1.10%	-2.99%	-0.04%
EPS (Basic)	0.04	0.26	0.12	0.56	0.80	0.58
EPS (Diluted)	0.04	0.26	0.12	0.56	0.80	0.58
EPS Growth	-61.95%	115.60%	-78.52%	-29.83%	37.82%	68.40%
Free Cash Flow	50.77	43.94	104.15	48.62	124.26	56.34
Free Cash Flow Per Share	0.56	0.48	1.15	0.54	1.35	0.59
Dividend Per Share	1.200	-	-	-	0.084	0.150
Dividend Growth	-	-	-	-	-44.00%	200.00%
Gross Margin	10.12%	10.23%	11.58%	13.11%	13.73%	14.63%
Operating Margin	3.11%	3.22%	4.08%	5.38%	5.88%	6.45%
Profit Margin	0.24%	1.46%	0.65%	2.15%	3.01%	3.24%
Free Cash Flow Margin	3.19%	2.71%	6.16%	2.05%	5.10%	3.33%
EBITDA	55.79	59.21	80.79	139.31	154.99	120.95
EBITDA Margin	3.51%	3.66%	4.78%	5.88%	6.36%	7.14%
D&A For EBITDA	6.32	7.08	11.71	11.92	11.75	11.69
EBIT	49.48	52.13	69.08	127.39	143.24	109.26
EBIT Margin	3.11%	3.22%	4.08%	5.38%	5.88%	6.45%
Effective Tax Rate	64.89%	36.87%	22.84%	30.31%	26.29%	26.80%

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