Umeme Limited (UGSE: UMEM)

Umeme Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,272,494	2,196,363	1,887,326	1,885,018	1,660,841	1,776,597
Revenue Growth (YoY)	9.99%	16.37%	0.12%	13.50%	-6.52%	18.98%
Operations & Maintenance	75,023	51,296	34,161	50,366	45,744	30,911
Selling, General & Admin	220,936	210,609	213,305	189,196	177,817	182,982
Amortization of Goodwill & Intangibles	460,972	432,855	159,952	158,597	130,320	120,034
Provision for Bad Debts	2,681	1,597	488	-	7,619	3,822
Other Operating Expenses	1,471,975	1,449,641	1,254,580	1,242,786	1,181,852	1,182,497
Total Operating Expenses	2,231,587	2,145,998	1,662,486	1,640,945	1,543,352	1,520,246
Operating Income	40,907	50,365	224,840	244,073	117,489	256,351
Interest Expense	-20,024	-27,631	-35,140	-37,655	-48,168	-54,212
Interest Income	18,780	17,959	21,457	19,474	18,913	17,639
Net Interest Expense	-1,244	-9,672	-13,683	-18,181	-29,255	-36,573
Currency Exchange Gain (Loss)	7,388	1,108	14,108	-23,854	-11,413	-7,782
Other Non-Operating Income (Expenses)	-15,490	-17,150	-10,249	-1,358	-777	-4,679
EBT Excluding Unusual Items	31,561	24,651	215,016	200,680	76,044	207,317
Asset Writedown	-9,267	-9,267	-143	-6,378	-10,955	-2,960
Other Unusual Items	-	-	-	-325	-2,128	-
Pretax Income	22,294	15,384	214,873	193,977	62,961	204,357
Income Tax Expense	11,027	3,914	66,658	54,836	19,880	65,205
Net Income	11,267	11,470	148,215	139,141	43,081	139,152
Net Income to Common	11,267	11,470	148,215	139,141	43,081	139,152
Net Income Growth	-88.39%	-92.26%	6.52%	222.98%	-69.04%	4.77%
Shares Outstanding (Basic)	1,624	1,624	1,624	1,624	1,624	1,624
Shares Outstanding (Diluted)	1,624	1,624	1,624	1,624	1,624	1,624
EPS (Basic)	6.94	7.06	91.27	85.68	26.53	85.68
EPS (Diluted)	6.94	7.06	91.27	85.68	26.53	85.68
EPS Growth	-88.39%	-92.26%	6.52%	222.98%	-69.04%	4.77%
Free Cash Flow	351,740	460,941	350,013	315,043	277,141	194,149
Free Cash Flow Per Share	216.59	283.83	215.53	193.99	170.65	119.55
Dividend Per Share	80.200	78.200	63.900	54.100	12.200	41.340
Dividend Growth	-8.76%	22.38%	18.11%	343.44%	-70.49%	1.08%
Profit Margin	0.50%	0.52%	7.85%	7.38%	2.59%	7.83%
Free Cash Flow Margin	15.48%	20.99%	18.55%	16.71%	16.69%	10.93%
EBITDA	510,240	483,220	384,792	402,670	247,809	376,385
EBITDA Margin	22.45%	22.00%	20.39%	21.36%	14.92%	21.19%
D&A For EBITDA	469,333	432,855	159,952	158,597	130,320	120,034
EBIT	40,907	50,365	224,840	244,073	117,489	256,351
EBIT Margin	1.80%	2.29%	11.91%	12.95%	7.07%	14.43%
Effective Tax Rate	49.46%	25.44%	31.02%	28.27%	31.58%	31.91%

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