Bowler Metcalf Ltd
JSE:BCF
Income Statement
Earnings Waterfall
Bowler Metcalf Ltd
Income Statement
Bowler Metcalf Ltd
| Dec-2002 | Jun-2003 | Dec-2003 | Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | 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 |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
143
N/A
|
156
+9%
|
221
+42%
|
367
+66%
|
319
-13%
|
353
+11%
|
393
+12%
|
418
+6%
|
427
+2%
|
427
0%
|
420
-2%
|
406
-3%
|
431
+6%
|
458
+6%
|
459
+0%
|
518
+13%
|
573
+11%
|
591
+3%
|
636
+8%
|
646
+2%
|
635
-2%
|
650
+2%
|
686
+6%
|
726
+6%
|
297
-59%
|
498
+68%
|
512
+3%
|
499
-2%
|
536
+7%
|
581
+8%
|
573
-1%
|
577
+1%
|
561
-3%
|
542
-3%
|
571
+5%
|
559
-2%
|
593
+6%
|
636
+7%
|
621
-2%
|
673
+8%
|
715
+6%
|
717
+0%
|
793
+11%
|
861
+9%
|
886
+3%
|
946
+7%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(88)
|
(105)
|
(160)
|
(257)
|
(240)
|
(255)
|
(303)
|
(314)
|
(335)
|
(305)
|
(313)
|
(304)
|
(335)
|
(325)
|
(337)
|
(367)
|
(439)
|
(426)
|
(480)
|
(500)
|
(284)
|
(509)
|
(142)
|
(583)
|
(85)
|
(358)
|
(124)
|
(375)
|
(67)
|
(394)
|
(73)
|
(392)
|
(71)
|
(388)
|
(80)
|
(381)
|
(83)
|
(423)
|
(81)
|
(476)
|
(92)
|
(528)
|
(628)
|
(615)
|
(725)
|
(674)
|
|
| Gross Profit |
55
N/A
|
51
-6%
|
61
+18%
|
110
+81%
|
79
-28%
|
98
+24%
|
90
-8%
|
104
+16%
|
93
-11%
|
122
+32%
|
107
-12%
|
102
-5%
|
96
-5%
|
133
+39%
|
123
-8%
|
152
+23%
|
133
-12%
|
165
+24%
|
156
-6%
|
146
-7%
|
351
+141%
|
142
-60%
|
544
+284%
|
144
-74%
|
212
+48%
|
140
-34%
|
388
+178%
|
124
-68%
|
225
+81%
|
187
-17%
|
211
+13%
|
185
-12%
|
197
+7%
|
154
-22%
|
217
+41%
|
178
-18%
|
248
+39%
|
213
-14%
|
235
+11%
|
197
-16%
|
267
+35%
|
189
-29%
|
165
-13%
|
245
+49%
|
161
-34%
|
272
+68%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(16)
|
(9)
|
(12)
|
(32)
|
(12)
|
(25)
|
(13)
|
(32)
|
(21)
|
(47)
|
(31)
|
(29)
|
(25)
|
(21)
|
(5)
|
(53)
|
(28)
|
(52)
|
(49)
|
(67)
|
(273)
|
(72)
|
(482)
|
(68)
|
(146)
|
(47)
|
(300)
|
(54)
|
(393)
|
(79)
|
(392)
|
(89)
|
(408)
|
(91)
|
(415)
|
(88)
|
(405)
|
(102)
|
(437)
|
(97)
|
(536)
|
(116)
|
(74)
|
(125)
|
(28)
|
(129)
|
|
| Selling, General & Administrative |
(7)
|
0
|
0
|
(16)
|
0
|
(13)
|
0
|
(14)
|
0
|
(17)
|
0
|
0
|
0
|
(24)
|
0
|
(24)
|
(3)
|
(26)
|
(26)
|
(38)
|
(38)
|
(36)
|
(6)
|
(46)
|
(1)
|
(30)
|
(2)
|
0
|
(1)
|
0
|
(4)
|
0
|
(3)
|
0
|
(4)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(2)
|
0
|
|
| Depreciation & Amortization |
(10)
|
(11)
|
(15)
|
(22)
|
(17)
|
(20)
|
(21)
|
(25)
|
(30)
|
(33)
|
(33)
|
(33)
|
(33)
|
(31)
|
(32)
|
(32)
|
(32)
|
(31)
|
(31)
|
(37)
|
(40)
|
(39)
|
(37)
|
(32)
|
(13)
|
(20)
|
(21)
|
0
|
(13)
|
0
|
(10)
|
0
|
(12)
|
0
|
(12)
|
0
|
(11)
|
0
|
(10)
|
0
|
(11)
|
0
|
(13)
|
0
|
(12)
|
0
|
|
| Other Operating Expenses |
2
|
2
|
2
|
5
|
5
|
7
|
8
|
7
|
9
|
2
|
3
|
4
|
8
|
35
|
27
|
3
|
6
|
6
|
9
|
7
|
(195)
|
3
|
(439)
|
10
|
(132)
|
3
|
(276)
|
(54)
|
(380)
|
(79)
|
(378)
|
(89)
|
(394)
|
(91)
|
(400)
|
(88)
|
(393)
|
(102)
|
(427)
|
(97)
|
(524)
|
(116)
|
(61)
|
(125)
|
(13)
|
(129)
|
|
| Operating Income |
39
N/A
|
42
+8%
|
48
+16%
|
78
+61%
|
67
-14%
|
73
+9%
|
77
+6%
|
73
-6%
|
71
-2%
|
75
+5%
|
77
+3%
|
73
-6%
|
71
-2%
|
113
+59%
|
117
+4%
|
99
-16%
|
106
+7%
|
113
+7%
|
108
-5%
|
78
-27%
|
78
-1%
|
70
-10%
|
63
-11%
|
75
+20%
|
65
-13%
|
92
+41%
|
89
-4%
|
70
-21%
|
76
+9%
|
108
+42%
|
108
+0%
|
96
-12%
|
82
-14%
|
64
-23%
|
77
+20%
|
90
+18%
|
105
+17%
|
111
+6%
|
102
-8%
|
100
-2%
|
87
-13%
|
73
-17%
|
91
+25%
|
121
+33%
|
133
+10%
|
143
+7%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
1
|
0
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(3)
|
(3)
|
(3)
|
(1)
|
1
|
3
|
1
|
(1)
|
3
|
8
|
9
|
6
|
5
|
13
|
9
|
26
|
27
|
15
|
12
|
12
|
13
|
26
|
36
|
32
|
25
|
19
|
16
|
16
|
14
|
15
|
20
|
24
|
25
|
25
|
21
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(9)
|
(9)
|
(1)
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
39
N/A
|
43
+10%
|
49
+14%
|
77
+58%
|
64
-16%
|
70
+8%
|
73
+5%
|
68
-7%
|
66
-4%
|
69
+5%
|
72
+5%
|
70
-4%
|
65
-7%
|
100
+55%
|
108
+7%
|
98
-9%
|
110
+12%
|
115
+4%
|
107
-7%
|
81
-24%
|
86
+5%
|
78
-8%
|
69
-13%
|
81
+18%
|
78
-3%
|
101
+29%
|
114
+13%
|
97
-15%
|
92
-6%
|
120
+31%
|
121
+1%
|
109
-10%
|
108
-1%
|
100
-7%
|
108
+8%
|
115
+6%
|
124
+7%
|
127
+2%
|
118
-7%
|
114
-3%
|
102
-10%
|
92
-10%
|
114
+24%
|
146
+28%
|
158
+8%
|
164
+4%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(11)
|
(12)
|
(16)
|
(25)
|
(21)
|
(22)
|
(22)
|
(22)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(28)
|
(31)
|
(29)
|
(30)
|
(31)
|
(30)
|
(22)
|
(23)
|
(21)
|
(18)
|
(20)
|
(21)
|
(29)
|
(28)
|
(23)
|
(26)
|
(35)
|
(37)
|
(31)
|
(29)
|
(28)
|
(30)
|
(33)
|
(35)
|
(35)
|
(33)
|
(32)
|
(28)
|
(24)
|
(29)
|
(39)
|
(42)
|
(42)
|
|
| Income from Continuing Operations |
28
|
30
|
33
|
52
|
44
|
48
|
51
|
46
|
45
|
47
|
52
|
50
|
45
|
73
|
77
|
69
|
80
|
83
|
77
|
59
|
63
|
58
|
50
|
60
|
57
|
72
|
86
|
74
|
66
|
84
|
84
|
78
|
79
|
72
|
78
|
82
|
88
|
91
|
85
|
83
|
74
|
69
|
85
|
107
|
116
|
122
|
|
| Income to Minority Interest |
0
|
0
|
(0)
|
(1)
|
(3)
|
(4)
|
(4)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(3)
|
(5)
|
(6)
|
2
|
(1)
|
(2)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Equity Earnings Affiliates |
0
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
29
N/A
|
31
+8%
|
33
+6%
|
51
+56%
|
41
-19%
|
44
+7%
|
47
+8%
|
46
-3%
|
45
-2%
|
47
+4%
|
51
+10%
|
49
-4%
|
45
-9%
|
72
+61%
|
76
+5%
|
67
-12%
|
76
+13%
|
78
+2%
|
79
+2%
|
58
-26%
|
60
+4%
|
55
-9%
|
50
-9%
|
60
+21%
|
63
+5%
|
235
+271%
|
239
+2%
|
66
-73%
|
(8)
N/A
|
(1)
+87%
|
86
N/A
|
140
+63%
|
266
+90%
|
212
-20%
|
79
-63%
|
82
+4%
|
88
+7%
|
91
+3%
|
85
-7%
|
83
-3%
|
74
-10%
|
69
-7%
|
85
+24%
|
107
+26%
|
116
+8%
|
122
+5%
|
|
| EPS (Diluted) |
0.33
N/A
|
0.35
+6%
|
0.37
+6%
|
0.59
+59%
|
0.47
-20%
|
0.5
+6%
|
0.54
+8%
|
0.53
-2%
|
0.52
-2%
|
0.53
+2%
|
0.58
+9%
|
0.56
-3%
|
0.52
-7%
|
0.86
+65%
|
0.94
+9%
|
0.83
-12%
|
0.94
+13%
|
0.96
+2%
|
0.97
+1%
|
0.72
-26%
|
0.74
+3%
|
0.67
-9%
|
0.6
-10%
|
0.73
+22%
|
0.76
+4%
|
2.85
+275%
|
2.88
+1%
|
0.79
-73%
|
-0.09
N/A
|
-0.01
+89%
|
1.04
N/A
|
1.71
+64%
|
3.24
+89%
|
2.59
-20%
|
0.98
-62%
|
1.11
+13%
|
1.22
+10%
|
1.27
+4%
|
1.19
-6%
|
1.16
-3%
|
1.05
-9%
|
0.99
-6%
|
1.24
+25%
|
1.56
+26%
|
1.69
+8%
|
1.78
+5%
|
|