Fortress Minerals Limited (SGX: OAJ)

Fortress Minerals Income Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	50.46	53.93	53.55	43.37	47.72	25.93
Revenue Growth (YoY)	-5.77%	0.72%	23.48%	-9.12%	84.06%	25.67%
Cost of Revenue	20.49	23.08	18.1	11.65	12.65	9.6
Gross Profit	29.97	30.85	35.45	31.72	35.07	16.32
Selling, General & Admin	7.82	8.31	8.35	5.58	5.69	3.71
Other Operating Expenses	7.16	7.38	6.79	6.78	5.82	3.17
Operating Expenses	14.99	15.68	15.14	12.36	11.51	6.89
Operating Income	14.98	15.17	20.31	19.36	23.56	9.43
Interest Expense	-0.87	-0.96	-1.01	-0.79	-0.06	-0.04
Interest & Investment Income	0.17	0.17	0.03	0.01	0.04	0.15
Currency Exchange Gain (Loss)	-	-	-	0.07	-	-
EBT Excluding Unusual Items	14.28	14.39	19.33	18.66	23.53	9.54
Merger & Restructuring Charges	-	-	-	-0.04	-0.21	-
Gain (Loss) on Sale of Investments	0.05	0.05	0	-	-	-
Gain (Loss) on Sale of Assets	0.16	0.16	0.01	0.03	0.03	-
Asset Writedown	-	-	-	-	-	-0
Other Unusual Items	-0.72	-0.72	-1.79	-	0	0
Pretax Income	13.77	13.87	17.56	18.66	23.36	9.54
Income Tax Expense	3.92	3.84	5.46	4.77	5.11	3.04
Earnings From Continuing Operations	9.85	10.04	12.1	13.88	18.25	6.5
Net Income to Company	9.85	10.04	12.1	13.88	18.25	6.5
Minority Interest in Earnings	0.01	0.01	0.02	0.01	0.01	-
Net Income	9.86	10.05	12.12	13.89	18.25	6.5
Net Income to Common	9.86	10.05	12.12	13.89	18.25	6.5
Net Income Growth	-18.66%	-17.07%	-12.78%	-23.89%	180.94%	32.76%
Shares Outstanding (Basic)	521	521	500	500	500	495
Shares Outstanding (Diluted)	521	521	500	500	500	495
Shares Change (YoY)	4.27%	4.14%	-	-	1.06%	18.16%
EPS (Basic)	0.02	0.02	0.02	0.03	0.04	0.01
EPS (Diluted)	0.02	0.02	0.02	0.03	0.04	0.01
EPS Growth	-21.99%	-20.37%	-12.78%	-23.89%	178.00%	12.36%
Free Cash Flow	14.82	9.15	13.75	7.43	11.92	2.83
Free Cash Flow Per Share	0.03	0.02	0.03	0.01	0.02	0.01
Dividend Per Share	0.004	0.004	0.006	0.006	0.007	0.004
Dividend Growth	-25.00%	-25.00%	3.45%	-22.67%	92.31%	-
Gross Margin	59.39%	57.21%	66.21%	73.15%	73.50%	62.96%
Operating Margin	29.69%	28.13%	37.93%	44.65%	49.37%	36.39%
Profit Margin	19.53%	18.63%	22.63%	32.04%	38.25%	25.06%
Free Cash Flow Margin	29.38%	16.97%	25.67%	17.14%	24.97%	10.93%
EBITDA	19.24	19.56	23.99	22.42	26.35	11.76
EBITDA Margin	38.14%	36.27%	44.80%	51.71%	55.23%	45.36%
D&A For EBITDA	4.26	4.39	3.68	3.06	2.8	2.33
EBIT	14.98	15.17	20.31	19.36	23.56	9.43
EBIT Margin	29.69%	28.13%	37.93%	44.65%	49.37%	36.39%
Effective Tax Rate	28.50%	27.65%	31.11%	25.59%	21.89%	31.87%

Source: S&P Capital IQ. Standard template. Financial Sources.