Malteries Franco Belges SA
PAR:MALT
Income Statement
Earnings Waterfall
Malteries Franco Belges SA
Income Statement
Malteries Franco Belges SA
| 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 |
4
|
0
|
4
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
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
|
0
|
0
|
0
|
|
| Revenue |
255
N/A
|
272
+7%
|
280
+3%
|
183
-35%
|
89
-51%
|
87
-2%
|
86
-2%
|
78
-9%
|
80
+3%
|
83
+3%
|
90
+9%
|
101
+11%
|
108
+7%
|
111
+3%
|
99
-11%
|
93
-7%
|
91
-2%
|
88
-3%
|
91
+3%
|
95
+5%
|
104
+9%
|
110
+5%
|
104
-5%
|
97
-7%
|
93
-4%
|
94
+1%
|
94
+0%
|
92
-2%
|
93
+0%
|
90
-3%
|
87
-3%
|
88
+1%
|
92
+4%
|
95
+4%
|
86
-10%
|
84
-2%
|
89
+5%
|
86
-3%
|
102
+18%
|
121
+19%
|
132
+9%
|
142
+7%
|
145
+2%
|
140
-3%
|
133
-5%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(205)
|
(218)
|
(227)
|
(155)
|
(82)
|
(81)
|
(81)
|
(75)
|
(71)
|
(73)
|
(79)
|
(83)
|
(91)
|
(91)
|
(79)
|
(77)
|
(74)
|
(75)
|
(84)
|
(88)
|
(90)
|
(93)
|
(90)
|
(85)
|
(80)
|
(77)
|
(78)
|
(76)
|
(77)
|
(76)
|
(73)
|
(68)
|
(64)
|
(68)
|
(78)
|
(86)
|
(83)
|
(80)
|
(100)
|
(122)
|
(129)
|
(129)
|
(125)
|
(122)
|
(119)
|
|
| Gross Profit |
50
N/A
|
54
+8%
|
53
-2%
|
28
-47%
|
8
-73%
|
6
-17%
|
5
-22%
|
3
-36%
|
10
+197%
|
11
+11%
|
12
+12%
|
18
+52%
|
17
-7%
|
21
+23%
|
20
-2%
|
16
-22%
|
17
+11%
|
13
-25%
|
7
-49%
|
7
+11%
|
14
+86%
|
17
+23%
|
14
-16%
|
12
-17%
|
14
+20%
|
17
+21%
|
16
-3%
|
17
+4%
|
16
-7%
|
14
-13%
|
14
0%
|
20
+47%
|
28
+40%
|
27
-4%
|
8
-69%
|
(1)
N/A
|
6
N/A
|
6
-3%
|
2
-63%
|
(1)
N/A
|
4
N/A
|
13
+279%
|
20
+49%
|
18
-10%
|
13
-27%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(21)
|
(25)
|
(23)
|
(13)
|
(9)
|
(10)
|
(10)
|
(9)
|
(10)
|
(9)
|
(8)
|
(10)
|
(0)
|
1
|
(8)
|
(8)
|
(9)
|
(8)
|
(4)
|
(1)
|
(9)
|
(11)
|
(9)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(15)
|
(21)
|
(20)
|
(3)
|
4
|
(3)
|
3
|
3
|
(5)
|
(6)
|
(5)
|
(7)
|
(7)
|
(7)
|
|
| Selling, General & Administrative |
(15)
|
(14)
|
(14)
|
(11)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(14)
|
(21)
|
(20)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
|
| Depreciation & Amortization |
(7)
|
(7)
|
(8)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
(4)
|
(1)
|
(0)
|
0
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(3)
|
7
|
8
|
1
|
1
|
(1)
|
(0)
|
4
|
6
|
0
|
(2)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
7
|
(0)
|
7
|
7
|
(0)
|
0
|
1
|
0
|
0
|
0
|
|
| Operating Income |
29
N/A
|
30
+3%
|
30
N/A
|
15
-50%
|
(1)
N/A
|
(3)
-240%
|
(5)
-47%
|
(6)
-12%
|
0
N/A
|
2
N/A
|
4
+140%
|
8
+125%
|
16
+100%
|
21
+28%
|
12
-41%
|
8
-34%
|
9
+7%
|
5
-47%
|
3
-41%
|
6
+126%
|
5
-16%
|
6
+24%
|
5
-17%
|
2
-63%
|
4
+88%
|
8
+112%
|
7
-6%
|
8
+6%
|
6
-20%
|
3
-42%
|
4
+20%
|
5
+11%
|
7
+47%
|
7
+8%
|
5
-32%
|
2
-53%
|
3
+17%
|
9
+230%
|
5
-48%
|
(6)
N/A
|
(2)
+60%
|
7
N/A
|
13
+85%
|
11
-17%
|
6
-45%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(9)
|
0
|
(5)
|
(0)
|
(1)
|
(2)
|
7
|
7
|
3
|
3
|
12
|
5
|
0
|
8
|
8
|
10
|
5
|
3
|
6
|
10
|
11
|
8
|
9
|
9
|
8
|
11
|
15
|
18
|
20
|
19
|
16
|
15
|
14
|
16
|
16
|
16
|
17
|
15
|
12
|
19
|
29
|
33
|
35
|
35
|
34
|
|
| Non-Reccuring Items |
1
|
1
|
(3)
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(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)
|
|
| Total Other Income |
1
|
(7)
|
0
|
(1)
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
0
|
0
|
1
|
(0)
|
(0)
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
(1)
|
|
| Pre-Tax Income |
22
N/A
|
24
+12%
|
23
-5%
|
14
-41%
|
2
-82%
|
(5)
N/A
|
2
N/A
|
2
N/A
|
3
+62%
|
5
+47%
|
16
+216%
|
13
-20%
|
16
+27%
|
29
+79%
|
20
-31%
|
17
-16%
|
14
-16%
|
8
-42%
|
9
+12%
|
16
+67%
|
16
+2%
|
14
-11%
|
14
N/A
|
11
-25%
|
12
+9%
|
19
+63%
|
22
+18%
|
26
+15%
|
25
-1%
|
23
-11%
|
20
-10%
|
20
-4%
|
21
+7%
|
23
+9%
|
21
-11%
|
18
-14%
|
19
+9%
|
24
+24%
|
17
-31%
|
13
-22%
|
27
+107%
|
40
+48%
|
49
+21%
|
46
-6%
|
39
-15%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(5)
|
(6)
|
(7)
|
(5)
|
(2)
|
1
|
2
|
2
|
0
|
(0)
|
(1)
|
(2)
|
(5)
|
(7)
|
(4)
|
(2)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(3)
|
(2)
|
(2)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(0)
|
(2)
|
(4)
|
(1)
|
1
|
0
|
(2)
|
(4)
|
(3)
|
(2)
|
|
| Income from Continuing Operations |
17
|
18
|
16
|
9
|
1
|
(4)
|
4
|
4
|
4
|
5
|
15
|
10
|
11
|
22
|
16
|
15
|
11
|
7
|
8
|
14
|
14
|
12
|
12
|
10
|
10
|
16
|
20
|
24
|
24
|
22
|
20
|
18
|
19
|
21
|
19
|
17
|
17
|
20
|
15
|
14
|
27
|
37
|
45
|
42
|
37
|
|
| Income to Minority Interest |
(5)
|
(5)
|
(7)
|
(5)
|
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
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
2
|
(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
|
|
| Net Income (Common) |
12
N/A
|
13
+7%
|
9
-31%
|
6
-35%
|
(0)
N/A
|
(4)
-850%
|
4
N/A
|
4
+16%
|
4
-16%
|
5
+27%
|
15
+213%
|
10
-30%
|
11
+7%
|
22
+99%
|
16
-26%
|
15
-10%
|
11
-23%
|
7
-41%
|
8
+26%
|
14
+66%
|
14
+1%
|
12
-14%
|
12
+3%
|
10
-20%
|
10
+6%
|
16
+58%
|
20
+22%
|
24
+20%
|
24
+1%
|
22
-9%
|
20
-10%
|
18
-8%
|
19
+5%
|
21
+7%
|
19
-8%
|
17
-9%
|
17
+1%
|
20
+17%
|
15
-25%
|
14
-6%
|
27
+89%
|
37
+36%
|
45
+21%
|
42
-5%
|
37
-13%
|
|
| EPS (Diluted) |
24.8
N/A
|
26.6
+7%
|
18.39
-31%
|
12
-35%
|
-0.8
N/A
|
-7.6
-850%
|
7.6
N/A
|
8.79
+16%
|
7.4
-16%
|
9.4
+27%
|
29.4
+213%
|
20.6
-30%
|
22
+7%
|
43.8
+99%
|
32.4
-26%
|
29
-10%
|
22.4
-23%
|
13.2
-41%
|
16.6
+26%
|
27.6
+66%
|
27.8
+1%
|
24
-14%
|
24.6
+3%
|
19.6
-20%
|
20.93
+7%
|
32.79
+57%
|
40.32
+23%
|
48
+19%
|
48.97
+2%
|
44.57
-9%
|
40.13
-10%
|
36.86
-8%
|
38.69
+5%
|
41.41
+7%
|
38.22
-8%
|
34.77
-9%
|
35.1
+1%
|
40.93
+17%
|
30.86
-25%
|
29.06
-6%
|
54.86
+89%
|
74
+35%
|
89.96
+22%
|
85.64
-5%
|
74.59
-13%
|
|