The Generation Essentials Group (TGE)

TGE Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating Revenue	41.99	19.85	10.87
Other Revenue	35.02	22.7	20.39
Revenue	77.01	42.54	31.26
Revenue Growth (YoY)	81.03%	36.08%	-
Cost of Revenue	28.74	13.78	7.14
Gross Profit	48.27	28.77	24.12
Selling, General & Admin	0.24	0.22	0.05
Other Operating Expenses	15.3	5.46	3.45
Operating Expenses	15.54	5.68	4
Operating Income	32.73	23.09	20.12
Interest Expense	-10.61	-7.14	-2.59
Interest & Investment Income	0.02	0	-
Earnings From Equity Investments	-0.56	-2.61	0.82
Other Non Operating Income (Expenses)	0.04	1.24	0.52
EBT Excluding Unusual Items	21.62	14.59	18.87
Gain (Loss) on Sale of Assets	24.76	-	-
Other Unusual Items	-	4.47	4.85
Pretax Income	46.37	19.06	23.72
Income Tax Expense	1.64	1.81	0.6
Earnings From Continuing Operations	44.73	17.25	23.12
Minority Interest in Earnings	-16.98	-9.08	-8.15
Net Income	27.75	8.16	14.98
Net Income to Common	27.75	8.16	14.98
Net Income Growth	239.92%	-45.48%	-
Shares Outstanding (Basic)	17	18	23
Shares Outstanding (Diluted)	17	18	23
Shares Change (YoY)	-7.36%	-20.08%	-
EPS (Basic)	1.64	0.45	0.65
EPS (Diluted)	1.64	0.45	0.65
EPS Growth	266.93%	-31.79%	-
Free Cash Flow	4.56	1.13	-1.42
Free Cash Flow Per Share	0.27	0.06	-0.06
Gross Margin	62.68%	67.62%	77.16%
Operating Margin	42.50%	54.27%	64.37%
Profit Margin	36.03%	19.19%	47.90%
Free Cash Flow Margin	5.92%	2.66%	-4.54%
EBITDA	44.18	25.8	21.2
EBITDA Margin	57.36%	60.65%	67.81%
D&A For EBITDA	11.45	2.71	1.08
EBIT	32.73	23.09	20.12
EBIT Margin	42.50%	54.27%	64.37%
Effective Tax Rate	3.54%	9.50%	2.53%
Revenue as Reported	77.01	42.54	31.26

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