Murano Global Investments Plc (MRNO)

Murano Global Investments Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	446.8	286.65	6.43	1.53
Revenue Growth (YoY)	296.23%	4357.33%	320.59%	-
Cost of Revenue	169.22	60.23	11.39	-
Gross Profit	277.58	226.43	-4.96	1.53
Selling, General & Admin	516.23	386.3	188.27	86.93
Other Operating Expenses	5.56	10.06	15.61	6.58
Operating Expenses	721	531.86	205.68	93.51
Operating Income	-443.42	-305.43	-210.64	-91.98
Interest Expense	-479.84	-379.61	114.25	25.32
Interest & Investment Income	14.47	8.85	0.56	0.85
Currency Exchange Gain (Loss)	-436.42	768.7	276.75	0.31
Other Non Operating Income (Expenses)	16.88	-1.78	-4.13	19.47
EBT Excluding Unusual Items	-1,328	90.71	176.79	-46.03
Gain (Loss) on Sale of Assets	0	0	0.2	0.03
Asset Writedown	-86.6	-86.6	298.09	60.91
Other Unusual Items	-	-	-	-14.55
Pretax Income	-1,413	5.66	475.09	0.35
Income Tax Expense	-74.36	-52.13	230.71	105.86
Net Income	-1,339	57.79	244.38	-105.51
Net Income to Common	-1,339	57.79	244.38	-105.51
Net Income Growth	-	-76.35%	-	-
Shares Outstanding (Basic)	900	79	-	-
Shares Outstanding (Diluted)	900	79	-	-
EPS (Basic)	-1.49	0.73	-	-
EPS (Diluted)	-1.49	0.73	-	-
Free Cash Flow	-1,588	-1,381	-1,799	-1,031
Free Cash Flow Per Share	-1.76	-17.42	-	-
Gross Margin	62.13%	78.99%	-77.05%	100.00%
Operating Margin	-99.24%	-106.55%	-3275.36%	-6015.59%
Profit Margin	-299.69%	20.16%	3799.98%	-6900.20%
Free Cash Flow Margin	-355.39%	-481.68%	-27971.99%	-67423.90%
EBITDA	-273.67	-176.72	-209.37	-90.41
EBITDA Margin	-61.25%	-61.65%	-	-
D&A For EBITDA	169.75	128.72	1.27	1.57
EBIT	-443.42	-305.43	-210.64	-91.98
EBIT Margin	-99.24%	-106.55%	-	-
Effective Tax Rate	-	-	48.56%	30197.62%
Advertising Expenses	-	7.33	9.81	2.66

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