National Flour Mills Income Statement

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

Millions TTD. 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	540.51	523.41	577.33	532.81	441.65
Revenue Growth (YoY)	3.27%	-9.34%	8.36%	20.64%	5.68%
Cost of Revenue	371.62	362.23	425.28	439.87	362.85
Gross Profit	168.89	161.17	152.05	92.94	78.8
Selling, General & Admin	104.6	103.25	99.57	87.05	80.74
Other Operating Expenses	-5.38	-6.22	-6.48	-6.47	-6.52
Operating Expenses	99.22	97.03	93.09	80.58	74.22
Operating Income	69.67	64.14	58.96	12.36	4.58
Interest Expense	-0.66	-0.43	-4.35	-3.52	-2.09
Interest & Investment Income	-	0.21	0.36	0.1	0.06
Currency Exchange Gain (Loss)	-	-1.02	-0.72	0.14	-0.03
Pretax Income	69.02	62.9	54.26	9.08	2.51
Income Tax Expense	27.03	18.72	18.81	2.17	1.14
Net Income	41.98	44.18	35.45	6.91	1.38
Net Income to Common	41.98	44.18	35.45	6.91	1.38
Net Income Growth	-4.98%	24.63%	413.13%	401.74%	-94.13%
Shares Outstanding (Basic)	118	118	118	118	118
Shares Outstanding (Diluted)	120	120	120	119	120
Shares Change (YoY)	-0.05%	-0.06%	0.17%	-0.09%	-0.03%
EPS (Basic)	0.36	0.37	0.30	0.06	0.01
EPS (Diluted)	0.35	0.37	0.30	0.06	0.01
EPS Growth	-4.92%	24.70%	411.75%	403.51%	-94.14%
Free Cash Flow	5.55	56.82	19.45	-76.24	7.57
Free Cash Flow Per Share	0.05	0.47	0.16	-0.64	0.06
Dividend Per Share	0.120	0.120	0.100	0.030	-
Dividend Growth	-	20.00%	233.33%	-	-
Gross Margin	31.25%	30.79%	26.34%	17.44%	17.84%
Operating Margin	12.89%	12.26%	10.21%	2.32%	1.04%
Profit Margin	7.77%	8.44%	6.14%	1.30%	0.31%
Free Cash Flow Margin	1.03%	10.85%	3.37%	-14.31%	1.71%
EBITDA	85.36	79.7	74.06	28.11	19.16
EBITDA Margin	15.79%	15.23%	12.83%	5.28%	4.34%
D&A For EBITDA	15.69	15.56	15.1	15.76	14.58
EBIT	69.67	64.14	58.96	12.36	4.58
EBIT Margin	12.89%	12.26%	10.21%	2.32%	1.04%
Effective Tax Rate	39.17%	29.76%	34.66%	23.91%	45.23%
Advertising Expenses	-	6.1	2.84	3.12	2.23

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