Kim Heng 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	120.99	122.73	101.19	79.84	63.22
Revenue Growth (YoY)	-1.42%	21.29%	26.74%	26.29%	67.95%
Cost of Revenue	98.37	91.75	68.44	52.12	47.17
Gross Profit	22.62	30.99	32.76	27.73	16.05
Selling, General & Admin	21.12	22.75	19.97	17.49	13.82
Other Operating Expenses	6.86	4.25	6.39	-	-
Operating Expenses	27.98	27	26.36	17.49	13.82
Operating Income	-5.36	3.99	6.4	10.23	2.23
Interest Expense	-4.11	-4.12	-3.11	-2.38	-1.84
Interest & Investment Income	-	0.07	0.01	0	0
Currency Exchange Gain (Loss)	-	1.52	-	-	-
Other Non Operating Income (Expenses)	1.34	0.2	0.53	-4.29	-4.95
EBT Excluding Unusual Items	-8.13	1.66	3.83	3.57	-4.55
Gain (Loss) on Sale of Assets	-	-	1.07	6.83	0.11
Asset Writedown	-	2.32	-0.2	-	-
Other Unusual Items	-	0.17	0.1	0.55	0.8
Pretax Income	-7.22	5.02	6.06	10.95	-3.64
Income Tax Expense	2.37	2.47	3.72	2.3	1.46
Earnings From Continuing Operations	-9.58	2.54	2.35	8.65	-5.1
Minority Interest in Earnings	0.76	-2.27	-0.78	-1.28	-0.79
Net Income	-8.82	0.27	1.57	7.37	-5.89
Net Income to Common	-8.82	0.27	1.57	7.37	-5.89
Net Income Growth	-	-82.75%	-78.75%	-	-
Shares Outstanding (Basic)	705	705	705	706	707
Shares Outstanding (Diluted)	705	705	705	706	707
Shares Change (YoY)	-0.00%	-0.07%	-0.10%	-0.19%	-0.10%
EPS (Basic)	-0.01	0.00	0.00	0.01	-0.01
EPS (Diluted)	-0.01	0.00	0.00	0.01	-0.01
EPS Growth	-	-82.73%	-78.73%	-	-
Free Cash Flow	1.02	9.87	-5.8	6.61	-5.13
Free Cash Flow Per Share	0.00	0.01	-0.01	0.01	-0.01
Dividend Per Share	-	-	0.002	0.003	-
Dividend Growth	-	-	-25.01%	-	-
Gross Margin	18.69%	25.25%	32.37%	34.73%	25.39%
Operating Margin	-4.43%	3.25%	6.32%	12.82%	3.52%
Profit Margin	-7.29%	0.22%	1.55%	9.22%	-9.32%
Free Cash Flow Margin	0.85%	8.04%	-5.73%	8.27%	-8.11%
EBITDA	6.28	10.36	12.84	16.71	7.7
EBITDA Margin	5.19%	8.44%	12.69%	20.93%	12.18%
D&A For EBITDA	11.64	6.37	6.44	6.47	5.47
EBIT	-5.36	3.99	6.4	10.23	2.23
EBIT Margin	-4.43%	3.25%	6.32%	12.82%	3.52%
Effective Tax Rate	-	49.29%	61.31%	20.99%	-

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