Global Ferronickel Holdings, Inc. (PSE:FNI)

PSE:FNI 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,527	7,309	8,448	6,485	7,423	6,998
Revenue Growth (YoY)	-11.97%	-13.48%	30.28%	-12.64%	6.06%	9.18%
Cost of Revenue	4,237	4,592	4,144	2,986	3,076	3,075
Gross Profit	3,290	2,718	4,304	3,498	4,347	3,924
Selling, General & Admin	1,782	1,755	1,497	1,520	1,153	1,211
Other Operating Expenses	19.1	19.07	17.54	11.23	8.17	8.17
Operating Expenses	1,802	1,774	1,514	1,532	1,161	1,219
Operating Income	1,488	943.93	2,790	1,967	3,186	2,705
Interest Expense	-157.63	-186.52	-253.89	-145.47	-50.07	-42.18
Interest & Investment Income	11.73	14.9	31.2	9.7	2.4	3.7
Earnings From Equity Investments	286.62	296.57	158.92	219.48	-93.54	35.75
Currency Exchange Gain (Loss)	-72.52	-92.23	-111.07	-75.2	39.58	-43.98
Other Non Operating Income (Expenses)	-30.26	0.5	12.38	0.21	-591.33	-4.93
EBT Excluding Unusual Items	1,526	977.15	2,627	1,976	2,493	2,653
Gain (Loss) on Sale of Assets	52	51.78	0	0.43	-	-0.15
Legal Settlements	-	-	-	681.82	-	-
Other Unusual Items	-	-	-	35.02	202.6	-
Pretax Income	1,517	1,029	2,627	2,693	2,696	2,653
Income Tax Expense	367.82	295.15	814.23	537.72	588.82	787.66
Earnings From Continuing Operations	1,149	733.78	1,813	2,155	2,107	1,865
Minority Interest in Earnings	9.57	10.11	-269	-233.75	-0.41	2.17
Net Income	1,159	743.9	1,544	1,921	2,106	1,868
Net Income to Common	1,159	743.9	1,544	1,921	2,106	1,868
Net Income Growth	-17.32%	-51.82%	-19.63%	-8.79%	12.79%	42.81%
Shares Outstanding (Basic)	5,125	5,125	5,109	5,200	5,230	5,466
Shares Outstanding (Diluted)	5,125	5,125	5,109	5,200	5,230	5,466
Shares Change (YoY)	0.49%	0.32%	-1.75%	-0.58%	-4.32%	-0.84%
EPS (Basic)	0.23	0.15	0.30	0.37	0.40	0.34
EPS (Diluted)	0.23	0.15	0.30	0.37	0.40	0.34
EPS Growth	-17.72%	-51.98%	-18.20%	-8.25%	17.88%	44.01%
Free Cash Flow	744.26	4.75	3,026	838.5	2,051	1,952
Free Cash Flow Per Share	0.14	0.00	0.59	0.16	0.39	0.36
Dividend Per Share	-	-	-	0.100	0.200	0.100
Dividend Growth	-	-	-	-50.00%	100.00%	-
Gross Margin	43.71%	37.18%	50.95%	53.95%	58.56%	56.06%
Operating Margin	19.77%	12.91%	33.02%	30.33%	42.92%	38.65%
Profit Margin	15.40%	10.18%	18.28%	29.63%	28.38%	26.68%
Free Cash Flow Margin	9.89%	0.07%	35.82%	12.93%	27.63%	27.90%
EBITDA	2,159	1,614	3,425	2,484	3,556	3,054
EBITDA Margin	28.68%	22.08%	40.55%	38.30%	47.90%	43.63%
D&A For EBITDA	670.56	669.94	635.6	517.08	369.62	348.89
EBIT	1,488	943.93	2,790	1,967	3,186	2,705
EBIT Margin	19.77%	12.91%	33.02%	30.33%	42.92%	38.65%
Effective Tax Rate	24.24%	28.68%	30.99%	19.97%	21.84%	29.69%

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.