ISA Holdings Ltd
JSE:ISA
Income Statement
Earnings Waterfall
ISA Holdings Ltd
Income Statement
ISA Holdings Ltd
| Feb-2005 | Aug-2005 | Feb-2006 | Aug-2006 | Feb-2007 | Aug-2007 | Feb-2008 | Aug-2008 | Feb-2009 | Aug-2009 | Feb-2010 | Aug-2010 | Feb-2011 | Aug-2011 | Feb-2012 | Aug-2012 | Feb-2013 | Aug-2013 | Feb-2014 | Aug-2014 | Feb-2015 | Aug-2015 | Feb-2016 | Aug-2016 | Feb-2017 | Aug-2017 | Feb-2018 | Aug-2018 | Feb-2019 | Aug-2019 | Feb-2020 | Aug-2020 | Feb-2021 | Aug-2021 | Feb-2022 | Aug-2022 | Feb-2023 | Aug-2023 | Feb-2024 | Aug-2024 | Feb-2025 | Aug-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
|
|
| Revenue |
31
N/A
|
35
+12%
|
38
+8%
|
42
+10%
|
44
+6%
|
45
+2%
|
45
+1%
|
46
+3%
|
53
+15%
|
57
+8%
|
58
+0%
|
61
+6%
|
59
-3%
|
64
+7%
|
63
-1%
|
57
-10%
|
51
-10%
|
68
+33%
|
75
+11%
|
69
-9%
|
79
+15%
|
84
+6%
|
90
+8%
|
122
+35%
|
160
+30%
|
134
-16%
|
108
-19%
|
110
+1%
|
120
+10%
|
120
+0%
|
101
-16%
|
78
-23%
|
67
-13%
|
70
+3%
|
75
+7%
|
78
+4%
|
76
-3%
|
90
+19%
|
101
+12%
|
97
-4%
|
118
+22%
|
141
+20%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(18)
|
(20)
|
(22)
|
(23)
|
(23)
|
(24)
|
(24)
|
(24)
|
(29)
|
(30)
|
(28)
|
(29)
|
(29)
|
(34)
|
(33)
|
(29)
|
(28)
|
(41)
|
(46)
|
(38)
|
(46)
|
(48)
|
(51)
|
(71)
|
(89)
|
(73)
|
(61)
|
(61)
|
(68)
|
(68)
|
(55)
|
(38)
|
(29)
|
(32)
|
(35)
|
(37)
|
(36)
|
(46)
|
(52)
|
(46)
|
(62)
|
(80)
|
|
| Gross Profit |
14
N/A
|
15
+7%
|
17
+12%
|
19
+12%
|
21
+12%
|
21
+2%
|
21
+1%
|
22
+4%
|
24
+9%
|
27
+12%
|
30
+10%
|
32
+7%
|
31
-4%
|
30
-3%
|
30
+2%
|
28
-9%
|
23
-15%
|
27
+16%
|
29
+9%
|
31
+4%
|
34
+9%
|
35
+6%
|
39
+10%
|
52
+33%
|
71
+36%
|
62
-13%
|
47
-24%
|
49
+3%
|
52
+7%
|
53
+1%
|
46
-12%
|
40
-14%
|
39
-3%
|
38
-2%
|
40
+6%
|
41
+2%
|
40
-2%
|
44
+10%
|
49
+11%
|
51
+4%
|
56
+11%
|
61
+9%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(11)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(9)
|
(12)
|
(10)
|
(11)
|
(11)
|
(13)
|
(13)
|
(13)
|
(14)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(20)
|
(27)
|
(26)
|
(23)
|
(20)
|
(16)
|
(18)
|
(18)
|
(18)
|
(24)
|
(25)
|
(19)
|
(21)
|
(22)
|
(25)
|
(29)
|
(30)
|
(32)
|
(32)
|
|
| Selling, General & Administrative |
(5)
|
(5)
|
(9)
|
(9)
|
(10)
|
0
|
(11)
|
0
|
(11)
|
0
|
(11)
|
0
|
(11)
|
0
|
(12)
|
0
|
(12)
|
0
|
(13)
|
(8)
|
(15)
|
(15)
|
(16)
|
(20)
|
(27)
|
(26)
|
(24)
|
(20)
|
(24)
|
(28)
|
(22)
|
(22)
|
(24)
|
(23)
|
(21)
|
(23)
|
(26)
|
(27)
|
(29)
|
(30)
|
(31)
|
(33)
|
|
| Depreciation & Amortization |
(3)
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
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
|
(1)
|
0
|
|
| Other Operating Expenses |
(3)
|
(5)
|
0
|
0
|
1
|
(10)
|
1
|
(10)
|
0
|
(9)
|
0
|
(10)
|
1
|
(11)
|
0
|
(13)
|
0
|
(14)
|
0
|
(7)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
10
|
4
|
4
|
0
|
(2)
|
2
|
2
|
3
|
2
|
0
|
0
|
0
|
1
|
|
| Operating Income |
3
N/A
|
4
+39%
|
8
+74%
|
10
+34%
|
11
+12%
|
11
-1%
|
11
+1%
|
12
+6%
|
13
+8%
|
18
+39%
|
18
+3%
|
22
+20%
|
20
-11%
|
19
-3%
|
18
-6%
|
15
-16%
|
10
-32%
|
13
+32%
|
16
+21%
|
16
0%
|
19
+14%
|
21
+12%
|
24
+14%
|
32
+36%
|
44
+35%
|
36
-18%
|
24
-34%
|
29
+22%
|
36
+27%
|
35
-5%
|
28
-18%
|
22
-23%
|
14
-34%
|
13
-13%
|
21
+64%
|
20
-3%
|
17
-13%
|
19
+9%
|
20
+7%
|
21
+2%
|
24
+19%
|
29
+18%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
1
|
1
|
2
|
3
|
3
|
3
|
6
|
1
|
2
|
(1)
|
1
|
1
|
2
|
2
|
3
|
3
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
4
|
5
|
6
|
5
|
5
|
4
|
2
|
3
|
3
|
2
|
6
|
9
|
10
|
15
|
16
|
8
|
6
|
|
| Non-Reccuring Items |
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
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
|
|
| Total Other Income |
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(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
|
|
| Pre-Tax Income |
3
N/A
|
5
+44%
|
7
+61%
|
11
+45%
|
14
+26%
|
14
+7%
|
14
-3%
|
15
+5%
|
17
+16%
|
19
+11%
|
20
+7%
|
21
+3%
|
20
-2%
|
19
-4%
|
19
0%
|
17
-10%
|
13
-25%
|
16
+23%
|
18
+9%
|
18
+1%
|
20
+14%
|
23
+14%
|
27
+15%
|
35
+30%
|
46
+33%
|
40
-14%
|
28
-29%
|
34
+21%
|
41
+21%
|
40
-5%
|
32
-19%
|
24
-26%
|
17
-27%
|
16
-10%
|
23
+45%
|
26
+12%
|
26
+3%
|
29
+11%
|
35
+20%
|
36
+4%
|
32
-11%
|
35
+8%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(0)
|
0
|
(1)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(5)
|
(6)
|
(7)
|
(7)
|
(6)
|
(7)
|
(5)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(10)
|
(17)
|
(15)
|
(7)
|
(8)
|
(12)
|
(11)
|
(9)
|
(6)
|
(4)
|
(4)
|
(6)
|
(7)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(8)
|
|
| Income from Continuing Operations |
3
|
4
|
8
|
10
|
11
|
10
|
10
|
10
|
11
|
14
|
15
|
14
|
14
|
13
|
13
|
12
|
10
|
12
|
13
|
13
|
15
|
17
|
19
|
25
|
30
|
25
|
21
|
26
|
30
|
28
|
23
|
17
|
13
|
12
|
16
|
19
|
22
|
24
|
30
|
31
|
26
|
27
|
|
| Net Income (Common) |
3
N/A
|
4
+34%
|
8
+75%
|
10
+35%
|
11
+5%
|
10
-6%
|
10
-2%
|
10
+2%
|
11
+15%
|
14
+19%
|
15
+8%
|
14
-5%
|
14
-2%
|
13
-3%
|
13
-3%
|
12
-5%
|
10
-22%
|
12
+22%
|
13
+9%
|
13
+2%
|
15
+14%
|
17
+14%
|
19
+16%
|
25
+29%
|
30
+19%
|
25
-16%
|
21
-15%
|
26
+22%
|
30
+16%
|
28
-5%
|
23
-18%
|
17
-26%
|
13
-26%
|
12
-8%
|
16
+37%
|
19
+16%
|
22
+15%
|
24
+12%
|
30
+21%
|
31
+4%
|
26
-15%
|
27
+6%
|
|
| EPS (Diluted) |
0.02
N/A
|
0.03
+50%
|
0.06
+100%
|
0.07
+17%
|
0.06
-14%
|
0.06
N/A
|
0.05
-17%
|
0.06
+20%
|
0.06
N/A
|
0.07
+17%
|
0.08
+14%
|
0.07
-12%
|
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.07
N/A
|
0.05
-29%
|
0.06
+20%
|
0.07
+17%
|
0.08
+14%
|
0.09
+12%
|
0.1
+11%
|
0.12
+20%
|
0.16
+33%
|
0.19
+19%
|
0.16
-16%
|
0.14
-12%
|
0.17
+21%
|
0.19
+12%
|
0.18
-5%
|
0.15
-17%
|
0.11
-27%
|
0.08
-27%
|
0.08
N/A
|
0.1
+25%
|
0.12
+20%
|
0.14
+17%
|
0.16
+14%
|
0.19
+19%
|
0.2
+5%
|
0.17
-15%
|
0.18
+6%
|
|