FMS Enterprises Migun Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	120.37	128.07	113.42	94.71	78.77	60.63
Revenue Growth (YoY)	-11.99%	12.92%	19.75%	20.24%	29.93%	-31.05%
Cost of Revenue	65.83	72.56	66.14	56.85	45.43	35.49
Gross Profit	54.53	55.51	47.28	37.86	33.34	25.14
Selling, General & Admin	9.16	8.98	7.76	7.58	7.45	6.35
Other Operating Expenses	0.08	-	-	0.24	0.02	-0.03
Operating Expenses	9.23	8.98	7.76	7.82	7.47	6.32
Operating Income	45.3	46.53	39.52	30.04	25.87	18.82
Interest Expense	-	-0.06	-0.07	-0.09	-0.09	-0.1
Interest & Investment Income	6.91	6.72	5.3	1.6	0.33	0.92
Currency Exchange Gain (Loss)	-0.16	-0.16	1.08	-0.05	-0.12	0.15
EBT Excluding Unusual Items	52.05	53.02	45.83	31.5	25.99	19.79
Pretax Income	52.05	53.02	45.83	31.5	25.99	19.79
Income Tax Expense	8.81	9.64	8.12	6.61	4.31	3.2
Net Income	43.24	43.38	37.71	24.89	21.68	16.59
Net Income to Common	43.24	43.38	37.71	24.89	21.68	16.59
Net Income Growth	-11.16%	15.05%	51.50%	14.78%	30.70%	-38.06%
Shares Outstanding (Basic)	9	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9	9
EPS (Basic)	4.70	4.72	4.10	2.71	2.36	1.80
EPS (Diluted)	4.70	4.72	4.10	2.71	2.36	1.80
EPS Growth	-11.44%	15.05%	51.50%	14.78%	30.70%	-38.06%
Free Cash Flow	15.75	43.85	25.8	16.86	19.15	26.37
Free Cash Flow Per Share	1.71	4.77	2.81	1.83	2.08	2.87
Dividend Per Share	5.438	3.263	1.630	1.630	1.630	1.090
Dividend Growth	233.61%	100.16%	-	-	49.54%	-
Gross Margin	45.31%	43.34%	41.69%	39.98%	42.32%	41.46%
Operating Margin	37.64%	36.33%	34.84%	31.72%	32.84%	31.04%
Profit Margin	35.93%	33.87%	33.25%	26.28%	27.53%	27.37%
Free Cash Flow Margin	13.08%	34.24%	22.75%	17.80%	24.31%	43.50%
EBITDA	48.1	49.93	43	33.1	28.85	21.8
EBITDA Margin	39.96%	38.99%	37.91%	34.95%	36.63%	35.96%
D&A For EBITDA	2.8	3.4	3.48	3.05	2.99	2.98
EBIT	45.3	46.53	39.52	30.04	25.87	18.82
EBIT Margin	37.64%	36.33%	34.84%	31.72%	32.84%	31.04%
Effective Tax Rate	16.93%	18.18%	17.72%	20.98%	16.57%	16.18%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.