Food Empire Holdings Limited (SGX:F03)

Food Empire Holdings Income Statement

Financials in millions USD. 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	525.16	476.35	425.72	398.36	320.07	272.97
Revenue Growth (YoY)	16.00%	11.89%	6.87%	24.46%	17.26%	-5.41%
Cost of Revenue	358.22	331.96	284.26	279.52	226.42	168.33
Gross Profit	166.94	144.39	141.45	118.84	93.66	104.65
Selling, General & Admin	89.36	81.11	70.52	66.13	68.24	70.78
Operating Expenses	89.36	81.11	70.52	66.13	68.24	70.78
Operating Income	77.57	63.28	70.93	52.72	25.42	33.86
Interest Expense	-6.45	-4.24	-3.54	-2.16	-1.45	-0.93
Interest & Investment Income	3.98	3.98	4.34	0.93	0.26	0.33
Earnings From Equity Investments	0.55	-0.5	1.34	2.65	1.34	-0.45
Currency Exchange Gain (Loss)	-4.05	-4.05	-1.62	3.16	-0.33	-2.29
Other Non Operating Income (Expenses)	-28.6	4.01	0.53	1.14	0.43	-1.63
EBT Excluding Unusual Items	42.99	62.47	71.98	58.45	25.67	28.9
Gain (Loss) on Sale of Investments	-	-	-	-1	-	0.24
Gain (Loss) on Sale of Assets	0.05	0.05	-0.04	15.3	0.01	1.73
Asset Writedown	0.52	0.52	0.5	-2.04	-	-
Other Unusual Items	1.6	1.6	-	-	0.63	1.37
Pretax Income	45.71	65.19	72.5	70.71	26.31	32.24
Income Tax Expense	17.16	12.32	16.04	10.64	6.97	5.78
Earnings From Continuing Operations	28.56	52.87	56.46	60.07	19.34	26.45
Minority Interest in Earnings	-1.13	-0.34	0.04	0.03	0.16	0.33
Net Income	27.43	52.53	56.51	60.1	19.5	26.79
Net Income to Common	27.43	52.53	56.51	60.1	19.5	26.79
Net Income Growth	-48.73%	-7.04%	-5.97%	208.17%	-27.19%	2.58%
Shares Outstanding (Basic)	-	526	526	533	535	535
Shares Outstanding (Diluted)	-	529	533	534	541	538
Shares Change (YoY)	-	-0.82%	-0.05%	-1.43%	0.58%	-0.13%
EPS (Basic)	-	0.10	0.11	0.11	0.04	0.05
EPS (Diluted)	-	0.10	0.11	0.11	0.04	0.05
EPS Growth	-	-6.23%	-5.95%	212.77%	-27.71%	2.89%
Free Cash Flow	37.52	1.09	38.07	59.03	8.12	24.21
Free Cash Flow Per Share	-	0.00	0.07	0.11	0.01	0.04
Dividend Per Share	0.044	0.044	0.038	0.033	0.012	0.017
Dividend Growth	16.06%	16.06%	15.44%	173.09%	-27.81%	123.86%
Gross Margin	31.79%	30.31%	33.23%	29.83%	29.26%	38.34%
Operating Margin	14.77%	13.29%	16.66%	13.23%	7.94%	12.41%
Profit Margin	5.22%	11.03%	13.27%	15.09%	6.09%	9.81%
Free Cash Flow Margin	7.14%	0.23%	8.94%	14.82%	2.54%	8.87%
EBITDA	87.1	72.28	79.3	61.34	34	40.12
EBITDA Margin	16.59%	15.17%	18.63%	15.40%	10.62%	14.70%
D&A For EBITDA	9.52	9	8.36	8.62	8.58	6.25
EBIT	77.57	63.28	70.93	52.72	25.42	33.86
EBIT Margin	14.77%	13.29%	16.66%	13.23%	7.94%	12.41%
Effective Tax Rate	37.53%	18.90%	22.12%	15.04%	26.50%	17.93%
Advertising Expenses	-	10.3	11.19	8.45	14.59	17.63

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.