MSM Malaysia Holdings Bhd
KLSE:MSM
Income Statement
Earnings Waterfall
MSM Malaysia Holdings Bhd
Income Statement
MSM Malaysia Holdings Bhd
| Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
39
|
0
|
0
|
0
|
82
|
0
|
0
|
0
|
37
|
0
|
0
|
0
|
47
|
0
|
0
|
0
|
32
|
0
|
0
|
0
|
48
|
0
|
0
|
0
|
44
|
0
|
0
|
0
|
|
| Revenue |
2 169
N/A
|
2 174
+0%
|
2 149
-1%
|
2 233
+4%
|
2 300
+3%
|
2 328
+1%
|
2 311
-1%
|
2 298
-1%
|
2 301
+0%
|
2 285
-1%
|
2 343
+3%
|
2 278
-3%
|
2 203
-3%
|
2 186
-1%
|
2 177
0%
|
2 191
+1%
|
2 281
+4%
|
2 292
+0%
|
2 285
0%
|
2 271
-1%
|
2 307
+2%
|
2 352
+2%
|
2 398
+2%
|
2 484
+4%
|
2 658
+7%
|
2 754
+4%
|
2 813
+2%
|
2 848
+1%
|
2 642
-7%
|
2 542
-4%
|
2 422
-5%
|
2 315
-4%
|
2 214
-4%
|
2 151
-3%
|
2 052
-5%
|
2 022
-1%
|
2 007
-1%
|
2 032
+1%
|
2 007
-1%
|
2 070
+3%
|
2 184
+6%
|
2 189
+0%
|
2 294
+5%
|
2 248
-2%
|
2 260
+1%
|
2 341
+4%
|
2 411
+3%
|
2 530
+5%
|
2 566
+1%
|
2 558
0%
|
2 680
+5%
|
2 819
+5%
|
3 091
+10%
|
3 409
+10%
|
3 496
+3%
|
3 551
+2%
|
3 545
0%
|
3 388
-4%
|
3 367
-1%
|
3 255
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 746)
|
(1 712)
|
(1 677)
|
(1 802)
|
(1 846)
|
(1 906)
|
(1 893)
|
(1 882)
|
(1 927)
|
(1 918)
|
(1 934)
|
(1 827)
|
(1 766)
|
(1 762)
|
(1 736)
|
(1 791)
|
(1 814)
|
(1 792)
|
(1 782)
|
(1 757)
|
(1 818)
|
(1 878)
|
(1 987)
|
(2 099)
|
(2 328)
|
(2 524)
|
(2 649)
|
(2 685)
|
(2 563)
|
(2 413)
|
(2 267)
|
(2 190)
|
(2 016)
|
(1 982)
|
(1 928)
|
(1 977)
|
(1 992)
|
(2 028)
|
(1 987)
|
(1 974)
|
(2 017)
|
(1 967)
|
(2 048)
|
(2 021)
|
(2 099)
|
(2 253)
|
(2 372)
|
(2 581)
|
(2 612)
|
(2 611)
|
(2 733)
|
(2 808)
|
(3 012)
|
(3 230)
|
(3 306)
|
(3 351)
|
(3 329)
|
(3 218)
|
(3 179)
|
(3 040)
|
|
| Gross Profit |
423
N/A
|
462
+9%
|
472
+2%
|
431
-9%
|
454
+5%
|
422
-7%
|
419
-1%
|
417
0%
|
374
-10%
|
367
-2%
|
409
+11%
|
451
+10%
|
437
-3%
|
424
-3%
|
440
+4%
|
400
-9%
|
467
+17%
|
500
+7%
|
502
+0%
|
514
+2%
|
489
-5%
|
474
-3%
|
410
-14%
|
386
-6%
|
331
-14%
|
230
-30%
|
164
-29%
|
163
-1%
|
78
-52%
|
129
+65%
|
155
+20%
|
125
-19%
|
198
+58%
|
169
-15%
|
124
-27%
|
46
-63%
|
15
-68%
|
5
-69%
|
20
+342%
|
96
+380%
|
168
+75%
|
222
+32%
|
246
+11%
|
227
-8%
|
161
-29%
|
88
-46%
|
39
-56%
|
(51)
N/A
|
(46)
+10%
|
(52)
-14%
|
(53)
-1%
|
12
N/A
|
79
+572%
|
180
+127%
|
190
+6%
|
200
+5%
|
216
+8%
|
170
-21%
|
189
+11%
|
215
+14%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(82)
|
(79)
|
(62)
|
(65)
|
(92)
|
(67)
|
(94)
|
(98)
|
(93)
|
(92)
|
(82)
|
(88)
|
(100)
|
(85)
|
(122)
|
(116)
|
(133)
|
(147)
|
(144)
|
(130)
|
(146)
|
(129)
|
(135)
|
(163)
|
(182)
|
(174)
|
(169)
|
(167)
|
(86)
|
(65)
|
(38)
|
(19)
|
(94)
|
(95)
|
(99)
|
(249)
|
(103)
|
(242)
|
(248)
|
(93)
|
(109)
|
(86)
|
(67)
|
(33)
|
(72)
|
(45)
|
(53)
|
(73)
|
(104)
|
(108)
|
(87)
|
(105)
|
(101)
|
(69)
|
(95)
|
(129)
|
(106)
|
(112)
|
(124)
|
(92)
|
|
| Selling, General & Administrative |
(83)
|
(83)
|
(83)
|
(84)
|
(93)
|
(93)
|
(99)
|
(99)
|
(97)
|
(98)
|
(97)
|
(97)
|
(101)
|
(104)
|
(111)
|
(109)
|
(135)
|
(142)
|
(153)
|
(160)
|
(143)
|
(157)
|
(164)
|
(175)
|
(178)
|
(183)
|
(163)
|
(156)
|
(81)
|
(55)
|
(49)
|
(33)
|
(95)
|
(92)
|
(95)
|
(95)
|
(103)
|
(106)
|
(102)
|
(105)
|
(95)
|
(91)
|
(84)
|
(85)
|
(96)
|
(96)
|
(107)
|
(113)
|
(107)
|
(113)
|
(110)
|
(103)
|
(100)
|
(100)
|
(102)
|
(103)
|
(104)
|
(107)
|
(108)
|
(106)
|
|
| Other Operating Expenses |
1
|
4
|
21
|
19
|
0
|
26
|
5
|
2
|
4
|
6
|
15
|
9
|
1
|
19
|
(11)
|
(7)
|
1
|
(5)
|
8
|
30
|
(3)
|
28
|
29
|
12
|
(4)
|
9
|
(7)
|
(11)
|
(5)
|
(10)
|
11
|
15
|
1
|
(2)
|
(3)
|
(152)
|
1
|
(137)
|
(146)
|
12
|
(14)
|
5
|
17
|
52
|
24
|
52
|
54
|
40
|
3
|
6
|
23
|
(3)
|
(1)
|
31
|
6
|
(26)
|
(2)
|
(5)
|
(16)
|
13
|
|
| Operating Income |
340
N/A
|
383
+12%
|
410
+7%
|
366
-11%
|
362
-1%
|
355
-2%
|
325
-9%
|
319
-2%
|
281
-12%
|
275
-2%
|
327
+19%
|
363
+11%
|
337
-7%
|
339
+1%
|
318
-6%
|
284
-11%
|
334
+18%
|
354
+6%
|
358
+1%
|
384
+7%
|
344
-11%
|
346
+1%
|
275
-20%
|
223
-19%
|
148
-33%
|
56
-62%
|
(5)
N/A
|
(5)
+10%
|
(8)
-75%
|
64
N/A
|
118
+83%
|
107
-9%
|
105
-2%
|
74
-29%
|
25
-67%
|
(203)
N/A
|
(88)
+57%
|
(238)
-170%
|
(229)
+4%
|
2
N/A
|
59
+2 692%
|
136
+131%
|
179
+32%
|
194
+8%
|
89
-54%
|
43
-51%
|
(14)
N/A
|
(124)
-804%
|
(150)
-21%
|
(160)
-7%
|
(139)
+13%
|
(94)
+33%
|
(22)
+77%
|
111
N/A
|
95
-15%
|
71
-25%
|
110
+54%
|
58
-47%
|
65
+11%
|
123
+90%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(35)
|
(5)
|
(4)
|
(4)
|
(2)
|
2
|
3
|
6
|
4
|
5
|
8
|
10
|
16
|
9
|
10
|
11
|
10
|
9
|
7
|
1
|
24
|
(3)
|
(7)
|
(6)
|
0
|
(8)
|
(6)
|
(14)
|
(12)
|
(23)
|
(25)
|
(19)
|
(37)
|
(32)
|
(70)
|
(83)
|
(73)
|
(86)
|
(56)
|
(52)
|
(35)
|
(29)
|
(26)
|
(34)
|
(31)
|
(42)
|
(42)
|
(27)
|
(30)
|
(29)
|
(28)
|
(35)
|
(21)
|
(41)
|
(42)
|
(41)
|
(36)
|
(38)
|
(38)
|
(38)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(139)
|
0
|
0
|
0
|
12
|
0
|
0
|
0
|
24
|
12
|
13
|
14
|
2
|
2
|
1
|
0
|
15
|
1
|
1
|
1
|
1
|
(2)
|
0
|
0
|
|
| Total Other Income |
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
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
|
0
|
0
|
0
|
|
| Pre-Tax Income |
306
N/A
|
378
+23%
|
407
+8%
|
362
-11%
|
359
-1%
|
357
-1%
|
328
-8%
|
325
-1%
|
285
-12%
|
280
-2%
|
335
+20%
|
372
+11%
|
359
-4%
|
348
-3%
|
328
-6%
|
295
-10%
|
344
+17%
|
363
+5%
|
365
+1%
|
385
+5%
|
372
-3%
|
342
-8%
|
268
-22%
|
216
-19%
|
149
-31%
|
48
-67%
|
(11)
N/A
|
(19)
-66%
|
(20)
-4%
|
41
N/A
|
93
+127%
|
88
-5%
|
66
-25%
|
42
-37%
|
(46)
N/A
|
(286)
-525%
|
(300)
-5%
|
(324)
-8%
|
(285)
+12%
|
(50)
+82%
|
36
N/A
|
106
+196%
|
153
+44%
|
161
+5%
|
81
-50%
|
13
-84%
|
(43)
N/A
|
(137)
-219%
|
(179)
-30%
|
(187)
-5%
|
(166)
+11%
|
(128)
+23%
|
(28)
+78%
|
71
N/A
|
53
-25%
|
32
-41%
|
75
+136%
|
17
-77%
|
26
+51%
|
85
+222%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(73)
|
(94)
|
(98)
|
(85)
|
(96)
|
(89)
|
(84)
|
(86)
|
(83)
|
(83)
|
(97)
|
(104)
|
(104)
|
(99)
|
(94)
|
(87)
|
(87)
|
(91)
|
(92)
|
(96)
|
(97)
|
(79)
|
(60)
|
(49)
|
(28)
|
(22)
|
(7)
|
(13)
|
(17)
|
(27)
|
(40)
|
(28)
|
(29)
|
(28)
|
(25)
|
13
|
11
|
8
|
17
|
(32)
|
(32)
|
(38)
|
(52)
|
(51)
|
(44)
|
(34)
|
(25)
|
(13)
|
(0)
|
(0)
|
(7)
|
(9)
|
(22)
|
(43)
|
(37)
|
(29)
|
(44)
|
(24)
|
(30)
|
(44)
|
|
| Income from Continuing Operations |
233
|
283
|
309
|
277
|
264
|
268
|
244
|
239
|
202
|
198
|
238
|
269
|
255
|
249
|
234
|
208
|
257
|
272
|
273
|
289
|
275
|
264
|
208
|
168
|
121
|
27
|
(18)
|
(31)
|
(36)
|
14
|
53
|
60
|
37
|
15
|
(71)
|
(273)
|
(288)
|
(316)
|
(268)
|
(82)
|
4
|
68
|
101
|
110
|
37
|
(21)
|
(69)
|
(151)
|
(179)
|
(187)
|
(174)
|
(137)
|
(50)
|
28
|
16
|
2
|
31
|
(7)
|
(4)
|
41
|
|
| Income to Minority Interest |
(8)
|
(9)
|
(5)
|
(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
|
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) |
225
N/A
|
274
+22%
|
304
+11%
|
273
-10%
|
263
-4%
|
268
+2%
|
244
-9%
|
239
-2%
|
202
-15%
|
198
-2%
|
238
+20%
|
269
+13%
|
255
-5%
|
249
-2%
|
234
-6%
|
208
-11%
|
257
+24%
|
272
+6%
|
273
+0%
|
289
+6%
|
275
-5%
|
264
-4%
|
208
-21%
|
168
-20%
|
121
-28%
|
27
-78%
|
(18)
N/A
|
(31)
-70%
|
(36)
-16%
|
14
N/A
|
50
+256%
|
55
+11%
|
36
-36%
|
13
-64%
|
(69)
N/A
|
(270)
-292%
|
(300)
-11%
|
(327)
-9%
|
(282)
+14%
|
(168)
+40%
|
(71)
+58%
|
(5)
+92%
|
30
N/A
|
198
+566%
|
125
-37%
|
67
-47%
|
19
-72%
|
(151)
N/A
|
(179)
-19%
|
(187)
-5%
|
(174)
+7%
|
(137)
+21%
|
(50)
+64%
|
28
N/A
|
16
-42%
|
2
-85%
|
31
+1 187%
|
(7)
N/A
|
(4)
+39%
|
41
N/A
|
|
| EPS (Diluted) |
0.39
N/A
|
0.39
N/A
|
0.43
+10%
|
0.38
-12%
|
0.41
+8%
|
0.38
-7%
|
0.34
-11%
|
0.33
-3%
|
0.29
-12%
|
0.29
N/A
|
0.34
+17%
|
0.39
+15%
|
0.36
-8%
|
0.36
N/A
|
0.34
-6%
|
0.3
-12%
|
0.37
+23%
|
0.39
+5%
|
0.39
N/A
|
0.41
+5%
|
0.39
-5%
|
0.37
-5%
|
0.29
-22%
|
0.23
-21%
|
0.17
-26%
|
0.03
-82%
|
-0.03
N/A
|
-0.05
-67%
|
-0.05
N/A
|
0.01
N/A
|
0.07
+600%
|
0.08
+14%
|
0.05
-38%
|
0.02
-60%
|
-0.11
N/A
|
-0.39
-255%
|
-0.41
-5%
|
-0.45
-10%
|
-0.38
+16%
|
-0.23
+39%
|
-0.1
+57%
|
0
N/A
|
0.04
N/A
|
0.28
+600%
|
0.17
-39%
|
0.09
-47%
|
0.02
-78%
|
-0.21
N/A
|
-0.25
-19%
|
-0.26
-4%
|
-0.24
+8%
|
-0.19
+21%
|
-0.07
+63%
|
0.04
N/A
|
0.02
-50%
|
0
N/A
|
0.04
N/A
|
-0.01
N/A
|
-0.01
N/A
|
0.06
N/A
|
|