Moulinvest SA
PAR:ALMOU
Income Statement
Earnings Waterfall
Moulinvest SA
Income Statement
Moulinvest SA
| 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 |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Revenue |
24
N/A
|
27
+13%
|
34
+28%
|
42
+24%
|
45
+6%
|
48
+7%
|
53
+9%
|
56
+6%
|
57
+1%
|
56
-1%
|
58
+3%
|
60
+4%
|
61
+2%
|
61
-1%
|
64
+5%
|
66
+3%
|
66
+1%
|
76
+15%
|
94
+23%
|
108
+16%
|
114
+5%
|
109
-4%
|
101
-8%
|
95
-6%
|
91
-4%
|
94
+2%
|
95
+2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||
| Cost of Revenue |
(17)
|
(19)
|
(25)
|
(31)
|
(32)
|
(34)
|
(38)
|
(41)
|
(41)
|
(39)
|
(40)
|
(40)
|
(41)
|
(41)
|
(42)
|
(42)
|
(43)
|
(48)
|
(57)
|
(62)
|
(65)
|
(66)
|
(66)
|
(69)
|
(70)
|
(70)
|
(68)
|
|
| Gross Profit |
6
N/A
|
7
+15%
|
9
+23%
|
11
+25%
|
13
+17%
|
15
+9%
|
14
-1%
|
15
+2%
|
16
+8%
|
17
+6%
|
18
+5%
|
20
+12%
|
20
+1%
|
20
-3%
|
22
+11%
|
24
+8%
|
24
+1%
|
28
+17%
|
37
+33%
|
47
+26%
|
49
+6%
|
44
-11%
|
35
-20%
|
26
-25%
|
22
-16%
|
24
+8%
|
27
+16%
|
|
| Operating Income | ||||||||||||||||||||||||||||
| Operating Expenses |
(6)
|
(6)
|
(8)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(19)
|
(21)
|
(22)
|
(22)
|
(21)
|
(21)
|
(22)
|
(22)
|
(21)
|
(22)
|
|
| Selling, General & Administrative |
(3)
|
(4)
|
(5)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
|
| Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(8)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
0
|
1
|
2
|
2
|
|
| Operating Income |
1
N/A
|
1
+48%
|
1
-17%
|
1
-17%
|
2
+214%
|
3
+19%
|
2
-31%
|
2
+13%
|
3
+32%
|
4
+27%
|
4
+10%
|
5
+35%
|
5
-4%
|
4
-21%
|
5
+37%
|
7
+25%
|
6
-15%
|
8
+46%
|
16
+96%
|
25
+53%
|
28
+10%
|
23
-17%
|
14
-39%
|
4
-73%
|
0
-100%
|
2
+26 211%
|
5
+124%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
|
| Non-Reccuring Items |
(0)
|
0
|
1
|
2
|
2
|
2
|
3
|
3
|
1
|
0
|
0
|
1
|
0
|
(0)
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
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
|
|
| Total Other Income |
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 |
(0)
N/A
|
0
N/A
|
1
+300%
|
2
+76%
|
3
+84%
|
4
+21%
|
3
-19%
|
3
+8%
|
3
-8%
|
3
-13%
|
3
+14%
|
5
+53%
|
4
-18%
|
2
-45%
|
4
+102%
|
6
+47%
|
5
-19%
|
7
+37%
|
15
+107%
|
24
+58%
|
26
+9%
|
21
-16%
|
13
-38%
|
3
-77%
|
(0)
N/A
|
2
N/A
|
5
+141%
|
|
| Net Income | ||||||||||||||||||||||||||||
| Tax Provision |
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(2)
|
(4)
|
(6)
|
(7)
|
(6)
|
(3)
|
(1)
|
0
|
(0)
|
(1)
|
|
| Income from Continuing Operations |
(0)
|
0
|
1
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
3
|
3
|
2
|
3
|
5
|
4
|
5
|
11
|
17
|
19
|
16
|
10
|
2
|
(0)
|
2
|
4
|
|
| Income to Minority Interest |
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) |
(0)
N/A
|
0
N/A
|
1
+453%
|
2
+90%
|
3
+48%
|
3
+14%
|
3
-14%
|
3
+4%
|
3
-16%
|
2
-22%
|
2
+16%
|
3
+49%
|
3
-9%
|
2
-41%
|
3
+75%
|
5
+46%
|
4
-20%
|
5
+39%
|
11
+110%
|
17
+58%
|
19
+7%
|
16
-16%
|
10
-38%
|
2
-79%
|
(0)
N/A
|
1
N/A
|
3
+136%
|
|
| EPS (Diluted) |
-0.05
N/A
|
0.05
N/A
|
0.34
+580%
|
0.65
+91%
|
0.98
+51%
|
1.1
+12%
|
0.95
-14%
|
0.99
+4%
|
0.82
-17%
|
0.64
-22%
|
0.74
+16%
|
1.11
+50%
|
1
-10%
|
0.59
-41%
|
1.05
+78%
|
1.55
+48%
|
1.24
-20%
|
1.72
+39%
|
3.63
+111%
|
5.73
+58%
|
6.15
+7%
|
5.17
-16%
|
3.22
-38%
|
0.66
-80%
|
-0.1
N/A
|
0.49
N/A
|
1.15
+135%
|
|