San Miguel Food and Beverage, Inc. (PSE:FB)

PSE:FB Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	305,697	302,251	289,002	358,853	309,778	216,442
Revenue Growth (YoY)	6.24%	4.58%	-19.46%	15.84%	43.12%	-30.36%
Cost of Revenue	192,589	191,964	188,978	261,997	219,886	137,894
Gross Profit	113,108	110,287	100,024	96,856	89,892	78,548
Selling, General & Admin	55,231	54,495	51,613	48,145	46,197	45,136
Other Operating Expenses	-417	-417	-3,049	28	-235	-1,588
Operating Expenses	54,814	54,078	48,564	48,173	45,962	43,548
Operating Income	58,294	56,209	51,460	48,683	43,930	35,000
Interest Expense	-4,515	-4,270	-4,337	-3,288	-3,205	-3,571
Interest & Investment Income	3,848	3,788	3,067	821	468	734
Currency Exchange Gain (Loss)	-83	-83	105	-226	23	31
Other Non Operating Income (Expenses)	-401	-539	-415	-250	-155	-370
EBT Excluding Unusual Items	57,143	55,105	49,880	45,740	41,061	31,824
Merger & Restructuring Charges	-	-	-	-	-386	-
Gain (Loss) on Sale of Investments	19	19	-2	-2	196	-36
Asset Writedown	-1,457	-1,457	-	-	-31	-
Other Unusual Items	-	-	-	31	-38	-
Pretax Income	55,705	53,667	49,878	45,769	40,802	31,788
Income Tax Expense	13,164	12,734	11,773	11,104	9,385	9,387
Earnings From Continuing Operations	42,541	40,933	38,105	34,665	31,417	22,401
Minority Interest in Earnings	-15,293	-15,190	-14,987	-12,402	-11,626	-9,925
Net Income	27,248	25,743	23,118	22,263	19,791	12,476
Preferred Dividends & Other Adjustments	-	-	-	2	-	212
Net Income to Common	27,248	25,743	23,118	22,261	19,791	12,264
Net Income Growth	16.10%	11.36%	3.84%	12.49%	58.63%	-31.74%
Shares Outstanding (Basic)	5,916	5,909	5,909	5,909	5,909	5,909
Shares Outstanding (Diluted)	5,916	5,909	5,909	5,909	5,909	5,909
Shares Change (YoY)	0.07%	-	-	-	-	-
EPS (Basic)	4.61	4.36	3.91	3.77	3.35	2.08
EPS (Diluted)	4.61	4.36	3.91	3.77	3.35	2.08
EPS Growth	16.02%	11.36%	3.85%	12.48%	61.38%	-29.64%
Free Cash Flow	31,725	28,848	56,235	25,635	22,789	17,339
Free Cash Flow Per Share	5.36	4.88	9.52	4.34	3.86	2.93
Dividend Per Share	1.850	1.850	1.650	1.600	1.600	1.600
Dividend Growth	8.82%	12.12%	3.13%	-	-	-
Gross Margin	37.00%	36.49%	34.61%	26.99%	29.02%	36.29%
Operating Margin	19.07%	18.60%	17.81%	13.57%	14.18%	16.17%
Profit Margin	8.91%	8.52%	8.00%	6.20%	6.39%	5.67%
Free Cash Flow Margin	10.38%	9.54%	19.46%	7.14%	7.36%	8.01%
EBITDA	69,393	66,619	61,855	62,423	55,341	46,099
EBITDA Margin	22.70%	22.04%	21.40%	17.39%	17.87%	21.30%
D&A For EBITDA	11,099	10,410	10,395	13,740	11,411	11,099
EBIT	58,294	56,209	51,460	48,683	43,930	35,000
EBIT Margin	19.07%	18.60%	17.81%	13.57%	14.18%	16.17%
Effective Tax Rate	23.63%	23.73%	23.60%	24.26%	23.00%	29.53%
Advertising Expenses	-	7,229	6,678	6,022	5,619	5,159

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.