Wong Fong Industries Limited (SGX:1A1)

Wong Fong Industries 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
Operating Revenue	66.14	65.65	77.96	75.3	65.11	49.28
Revenue	66.14	65.65	77.96	75.3	65.11	49.28
Revenue Growth (YoY)	-1.30%	-15.78%	3.53%	15.66%	32.12%	-9.64%
Cost of Revenue	36.64	37.38	44.85	42.74	36.1	28.13
Gross Profit	29.5	28.27	33.11	32.56	29.01	21.15
Selling, General & Admin	19.96	19.13	22.71	21.53	20.12	15.98
Other Operating Expenses	1.7	1.68	1.59	1.51	2.55	2.14
Operating Expenses	24.73	23.77	28.74	27.4	26.63	21.76
Operating Income	4.77	4.5	4.38	5.16	2.38	-0.61
Interest Expense	-0.29	-0.34	-0.41	-0.4	-0.37	-0.38
Interest & Investment Income	0.25	0.26	0.25	0.17	0.14	0.14
Earnings From Equity Investments	-0.11	0.07	-	-	-	-0.06
Currency Exchange Gain (Loss)	0.01	-0.13	-0.28	-0.58	-0.23	0.05
Other Non Operating Income (Expenses)	-0.01	-0.06	-0.05	-0.04	-0.08	-0.06
EBT Excluding Unusual Items	4.62	4.3	3.88	4.32	1.84	-0.93
Impairment of Goodwill	-	-	-	-1.3	-0.1	-0.04
Gain (Loss) on Sale of Investments	0.14	0.17	0.07	-0.21	0.11	0.14
Gain (Loss) on Sale of Assets	0.05	-	1.03	-0.03	0.15	-0.04
Asset Writedown	-0.02	-0.02	-0.05	-0.01	-0.07	-0.01
Other Unusual Items	-	-	0.01	0	2.17	3.66
Pretax Income	4.79	4.45	4.96	2.78	4.11	2.79
Income Tax Expense	0.54	0.56	0.77	0.81	0.37	0.28
Earnings From Continuing Operations	4.25	3.89	4.19	1.97	3.74	2.51
Minority Interest in Earnings	-0.29	-0.27	-0.5	0.22	-0.42	-0.44
Net Income	3.96	3.62	3.68	2.19	3.33	2.07
Net Income to Common	3.96	3.62	3.68	2.19	3.33	2.07
Net Income Growth	73.06%	-1.74%	68.37%	-34.22%	60.44%	-8.56%
Shares Outstanding (Basic)	235	235	235	235	235	235
Shares Outstanding (Diluted)	235	235	235	235	235	235
EPS (Basic)	0.02	0.02	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.02	0.02	0.01	0.01	0.01
EPS Growth	73.08%	-1.74%	68.38%	-34.22%	60.45%	-8.55%
Free Cash Flow	7.58	9.81	8.63	-2.36	4.92	5.3
Free Cash Flow Per Share	0.03	0.04	0.04	-0.01	0.02	0.02
Dividend Per Share	0.006	0.006	0.006	0.006	0.008	0.004
Dividend Growth	-	-	-	-25.00%	86.05%	-17.31%
Gross Margin	44.60%	43.06%	42.47%	43.24%	44.56%	42.92%
Operating Margin	7.22%	6.86%	5.61%	6.86%	3.66%	-1.24%
Profit Margin	5.98%	5.51%	4.73%	2.91%	5.11%	4.21%
Free Cash Flow Margin	11.46%	14.95%	11.07%	-3.14%	7.56%	10.76%
EBITDA	6.83	6.59	7.15	7.79	4.56	1.65
EBITDA Margin	10.32%	10.04%	9.17%	10.34%	7.01%	3.35%
D&A For EBITDA	2.05	2.09	2.77	2.63	2.18	2.26
EBIT	4.77	4.5	4.38	5.16	2.38	-0.61
EBIT Margin	7.22%	6.86%	5.61%	6.86%	3.66%	-1.24%
Effective Tax Rate	11.30%	12.57%	15.51%	29.13%	8.95%	9.98%

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