Top Line Business Development Corp. (PSE:TOP)

PSE:TOP Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	3,139	2,876	2,168	1,292
Revenue Growth (YoY)	44.80%	32.67%	67.72%	-
Cost of Revenue	2,844	2,642	1,986	1,135
Gross Profit	294.54	234.37	182.18	156.98
Selling, General & Admin	58.86	39.31	30.49	30.05
Other Operating Expenses	-59.33	-7.85	2.47	-0.88
Operating Expenses	24.92	41.97	39.54	33.11
Operating Income	269.62	192.4	142.63	123.88
Interest Expense	-109.58	-85.91	-55.49	-33.36
Interest & Investment Income	0.17	0.14	0.07	0.02
Other Non Operating Income (Expenses)	-2.53	-2.24	-4.63	-3.69
EBT Excluding Unusual Items	157.68	104.38	82.59	86.85
Asset Writedown	-0.01	-0.01	-	-0.37
Pretax Income	178.27	104.37	82.59	86.48
Income Tax Expense	44.69	26.15	20.66	21.77
Earnings From Continuing Operations	133.58	78.22	61.93	64.71
Minority Interest in Earnings	0.09	-0.01	-0.09	-3.4
Net Income	133.66	78.21	61.84	61.31
Net Income to Common	133.66	78.21	61.84	61.31
Net Income Growth	116.14%	26.47%	0.86%	-
Shares Outstanding (Basic)	5,234	2,500	2,500	1,580
Shares Outstanding (Diluted)	5,234	2,500	2,500	1,580
Shares Change (YoY)	109.38%	-	58.23%	-
EPS (Basic)	0.03	0.03	0.02	0.04
EPS (Diluted)	0.03	0.03	0.02	0.04
EPS Growth	3.23%	26.47%	-36.26%	-
Free Cash Flow	-583.35	-945.62	-82.23	-424.29
Free Cash Flow Per Share	-0.11	-0.38	-0.03	-0.27
Gross Margin	9.38%	8.15%	8.40%	12.15%
Operating Margin	8.59%	6.69%	6.58%	9.59%
Profit Margin	4.26%	2.72%	2.85%	4.74%
Free Cash Flow Margin	-18.58%	-32.88%	-3.79%	-32.83%
EBITDA	301.83	205.28	154.35	129.81
EBITDA Margin	9.62%	7.14%	7.12%	10.04%
D&A For EBITDA	32.2	12.88	11.72	5.93
EBIT	269.62	192.4	142.63	123.88
EBIT Margin	8.59%	6.69%	6.58%	9.59%
Effective Tax Rate	25.07%	25.06%	25.01%	25.17%
Revenue as Reported	3,139	2,876	2,168	1,292
Advertising Expenses	-	0.23	0.08	0.11

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