Income Statement

Currency: AUD

	Jun-2020	Dec-2020	Jun-2021	Dec-2021	Jun-2022	Dec-2022	Jun-2023	Dec-2023	Jun-2024	Dec-2024	Jun-2025
Revenue
Interest Expense	15	17	16	15	0	41	0	115	0	244	0
Revenue	180 N/A	175 -2%	199 +13%	236 +19%	498 +111%	776 +56%	804 +4%	916 +14%	1 079 +18%	1 211 +12%	1 460 +21%
Gross Profit
Cost of Revenue	(11)	(13)	(16)	(21)	(229)	(444)	(453)	(527)	(616)	(641)	(761)
Gross Profit	169 N/A	162 -4%	183 +12%	216 +18%	269 +25%	333 +24%	351 +5%	389 +11%	463 +19%	569 +23%	699 +23%
Operating Income
Operating Expenses	(114)	(106)	(127)	(166)	(205)	(233)	(225)	(236)	(251)	(275)	(316)
Selling, General & Administrative	(93)	(92)	(112)	(150)	(188)	(189)	(179)	(213)	(206)	(241)	(270)
Depreciation & Amortization	(6)	(6)	(8)	(9)	(13)	(17)	(17)	(18)	(18)	(19)	(19)
Other Operating Expenses	(15)	(8)	(7)	(6)	(5)	(27)	(29)	(6)	(27)	(15)	(27)
Operating Income	55 N/A	57 +3%	56 -2%	50 -10%	64 +27%	99 +56%	125 +26%	153 +22%	212 +39%	295 +39%	383 +30%
Pre-Tax Income
Interest Income Expense	(19)	(22)	(15)	(7)	(16)	(40)	(67)	(112)	(171)	(239)	(339)
Non-Reccuring Items	2	3	2	0	0	0	0	0	0	0	0
Total Other Income	0	1	2	5	7	2	1	(0)	(3)	1	2
Pre-Tax Income	38 N/A	39 +3%	45 +17%	49 +7%	55 +12%	61 +11%	59 -3%	41 -31%	37 -9%	57 +52%	46 -19%
Net Income
Tax Provision	(13)	(12)	(14)	(17)	(16)	(16)	(18)	(12)	(13)	(15)	(10)
Income from Continuing Operations	25	26	32	32	38	45	42	29	25	42	36
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	25 N/A	26 +6%	32 +20%	32 +1%	38 +19%	45 +17%	42 -7%	29 -31%	25 -13%	42 +69%	36 -14%
EPS (Diluted)	0.16 N/A	0.18 +12%	0.22 +22%	0.21 -5%	0.24 +14%	0.27 +13%	0.25 -7%	0.17 -32%	0.15 -12%	0.25 +67%	0.21 -16%

MA Financial Group Ltd
ASX:MAF