National Flour Mills Limited (TTSE:NFM)

National Flour Mills Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	538.73	523.41	577.33	532.81	441.65	417.91
Revenue Growth (YoY)	1.23%	-9.34%	8.36%	20.64%	5.68%	1.32%
Cost of Revenue	363.87	362.23	425.28	439.87	362.85	304.45
Gross Profit	174.86	161.17	152.05	92.94	78.8	113.45
Selling, General & Admin	112.46	103.25	99.57	87.05	80.74	82.61
Other Operating Expenses	-5.87	-6.22	-6.48	-6.47	-6.52	-8.89
Operating Expenses	106.59	97.03	93.09	80.58	74.22	73.72
Operating Income	68.27	64.14	58.96	12.36	4.58	39.73
Interest Expense	-0.84	-0.43	-4.35	-3.52	-2.09	-3.77
Interest & Investment Income	0.21	0.21	0.36	0.1	0.06	0.22
Currency Exchange Gain (Loss)	-1.02	-1.02	-0.72	0.14	-0.03	-0.41
Pretax Income	66.62	62.9	54.26	9.08	2.51	35.77
Income Tax Expense	21.03	18.72	18.81	2.17	1.14	12.32
Net Income	45.6	44.18	35.45	6.91	1.38	23.46
Net Income to Common	45.6	44.18	35.45	6.91	1.38	23.46
Net Income Growth	-4.61%	24.63%	413.13%	401.74%	-94.13%	282.46%
Shares Outstanding (Basic)	118	118	118	118	118	118
Shares Outstanding (Diluted)	120	120	120	119	120	120
Shares Change (YoY)	-0.08%	-0.06%	0.17%	-0.09%	-0.03%	0.10%
EPS (Basic)	0.39	0.37	0.30	0.06	0.01	0.20
EPS (Diluted)	0.38	0.37	0.30	0.06	0.01	0.20
EPS Growth	-4.53%	24.70%	411.75%	403.51%	-94.14%	292.40%
Free Cash Flow	-7.52	56.82	19.45	-76.24	7.57	59.85
Free Cash Flow Per Share	-0.06	0.47	0.16	-0.64	0.06	0.50
Dividend Per Share	0.120	0.120	0.100	0.030	-	0.090
Dividend Growth	20.00%	20.00%	233.33%	-	-	-
Gross Margin	32.46%	30.79%	26.34%	17.44%	17.84%	27.15%
Operating Margin	12.67%	12.26%	10.21%	2.32%	1.04%	9.51%
Profit Margin	8.46%	8.44%	6.14%	1.30%	0.31%	5.61%
Free Cash Flow Margin	-1.40%	10.85%	3.37%	-14.31%	1.71%	14.32%
EBITDA	82.35	79.7	74.06	28.11	19.16	55.22
EBITDA Margin	15.29%	15.23%	12.83%	5.28%	4.34%	13.21%
D&A For EBITDA	14.07	15.56	15.1	15.76	14.58	15.49
EBIT	68.27	64.14	58.96	12.36	4.58	39.73
EBIT Margin	12.67%	12.26%	10.21%	2.32%	1.04%	9.51%
Effective Tax Rate	31.56%	29.76%	34.66%	23.91%	45.23%	34.43%
Advertising Expenses	-	6.1	2.84	3.12	2.23	1.67

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