Marco Polo Marine Ltd
SGX:5LY
Income Statement
Earnings Waterfall
Marco Polo Marine Ltd
Income Statement
Marco Polo Marine Ltd
| Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | 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 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
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
|
6
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
2
|
|
| Revenue |
46
N/A
|
48
+5%
|
54
+12%
|
56
+4%
|
55
-3%
|
58
+6%
|
58
+1%
|
64
+11%
|
64
+0%
|
72
+11%
|
78
+9%
|
77
-1%
|
83
+7%
|
88
+6%
|
97
+10%
|
90
-7%
|
90
-1%
|
80
-10%
|
71
-12%
|
85
+20%
|
94
+10%
|
109
+16%
|
120
+10%
|
118
-1%
|
113
-4%
|
110
-3%
|
107
-3%
|
102
-4%
|
94
-8%
|
84
-10%
|
67
-21%
|
53
-20%
|
47
-12%
|
41
-12%
|
42
+2%
|
42
0%
|
39
-8%
|
35
-10%
|
29
-15%
|
26
-11%
|
27
+1%
|
25
-7%
|
24
-3%
|
27
+13%
|
30
+12%
|
36
+20%
|
31
-15%
|
33
+8%
|
46
+38%
|
53
+14%
|
86
+64%
|
114
+33%
|
127
+11%
|
133
+4%
|
124
-7%
|
115
-7%
|
123
+7%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(34)
|
(35)
|
(39)
|
(40)
|
(37)
|
(39)
|
(40)
|
(46)
|
(46)
|
(51)
|
(57)
|
(56)
|
(60)
|
(64)
|
(70)
|
(60)
|
(61)
|
(52)
|
(41)
|
(53)
|
(59)
|
(70)
|
(82)
|
(84)
|
(79)
|
(78)
|
(78)
|
(74)
|
(68)
|
(60)
|
(44)
|
(37)
|
(39)
|
(35)
|
(39)
|
(37)
|
(29)
|
(26)
|
(20)
|
(20)
|
(21)
|
(21)
|
(20)
|
(21)
|
(25)
|
(30)
|
(26)
|
(27)
|
(34)
|
(37)
|
(59)
|
(77)
|
(81)
|
(82)
|
(75)
|
(67)
|
(69)
|
|
| Gross Profit |
12
N/A
|
13
+6%
|
15
+18%
|
16
+9%
|
18
+11%
|
18
+1%
|
18
-1%
|
18
+1%
|
19
+1%
|
21
+12%
|
21
+3%
|
21
-1%
|
23
+11%
|
24
+4%
|
27
+12%
|
30
+11%
|
29
-3%
|
29
-1%
|
29
+2%
|
32
+8%
|
35
+9%
|
38
+9%
|
38
0%
|
34
-9%
|
34
0%
|
31
-9%
|
29
-6%
|
29
-1%
|
26
-11%
|
25
-4%
|
22
-11%
|
16
-28%
|
8
-50%
|
7
-15%
|
3
-53%
|
6
+76%
|
10
+74%
|
9
-12%
|
9
+5%
|
7
-26%
|
5
-22%
|
4
-26%
|
4
+12%
|
6
+28%
|
6
+2%
|
6
+13%
|
4
-31%
|
6
+36%
|
12
+99%
|
15
+26%
|
27
+81%
|
37
+35%
|
46
+24%
|
50
+10%
|
49
-3%
|
48
-1%
|
54
+13%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(5)
|
(1)
|
(4)
|
(6)
|
(6)
|
(2)
|
(1)
|
(2)
|
(8)
|
(4)
|
(3)
|
(1)
|
(14)
|
(4)
|
(7)
|
(9)
|
(9)
|
(8)
|
(9)
|
(10)
|
(12)
|
(6)
|
(13)
|
(14)
|
(16)
|
(14)
|
(11)
|
(12)
|
(18)
|
(13)
|
(14)
|
(19)
|
(17)
|
(6)
|
(9)
|
(307)
|
(261)
|
(268)
|
(88)
|
219
|
171
|
176
|
(2)
|
(7)
|
(4)
|
(1)
|
(11)
|
(6)
|
(3)
|
5
|
(17)
|
(19)
|
(18)
|
(13)
|
(26)
|
(23)
|
(22)
|
|
| Selling, General & Administrative |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(10)
|
(10)
|
(9)
|
(8)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(6)
|
(8)
|
(12)
|
(13)
|
(10)
|
(13)
|
(15)
|
(15)
|
(16)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
|
| Other Operating Expenses |
(1)
|
3
|
1
|
(2)
|
(1)
|
1
|
3
|
3
|
(3)
|
1
|
3
|
5
|
(4)
|
4
|
1
|
(1)
|
0
|
(1)
|
(1)
|
(3)
|
(3)
|
3
|
(4)
|
(4)
|
(6)
|
(3)
|
(1)
|
(2)
|
(9)
|
(4)
|
(7)
|
(12)
|
(10)
|
1
|
(2)
|
(301)
|
(246)
|
(263)
|
(82)
|
225
|
177
|
182
|
4
|
(1)
|
2
|
5
|
(4)
|
(1)
|
3
|
13
|
(5)
|
(5)
|
(8)
|
0
|
(11)
|
(8)
|
(4)
|
|
| Operating Income |
7
N/A
|
12
+58%
|
11
-2%
|
10
-11%
|
12
+22%
|
16
+29%
|
17
+7%
|
17
-3%
|
10
-39%
|
16
+60%
|
18
+11%
|
20
+11%
|
9
-54%
|
21
+123%
|
20
-3%
|
21
+5%
|
21
-3%
|
21
+1%
|
21
+0%
|
22
+4%
|
23
+4%
|
32
+41%
|
25
-22%
|
21
-16%
|
18
-12%
|
18
-4%
|
18
+4%
|
17
-7%
|
8
-56%
|
12
+61%
|
8
-34%
|
(3)
N/A
|
(9)
-170%
|
1
N/A
|
(6)
N/A
|
(301)
-4 844%
|
(251)
+17%
|
(260)
-4%
|
(79)
+70%
|
226
N/A
|
176
-22%
|
180
+2%
|
2
-99%
|
(2)
N/A
|
2
N/A
|
5
+196%
|
(6)
N/A
|
(0)
+94%
|
9
N/A
|
21
+130%
|
11
-48%
|
18
+72%
|
28
+50%
|
37
+33%
|
23
-38%
|
25
+8%
|
32
+30%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
1
|
3
|
4
|
3
|
(0)
|
(2)
|
2
|
0
|
0
|
4
|
3
|
5
|
5
|
0
|
(0)
|
(4)
|
(5)
|
(5)
|
(5)
|
(3)
|
(3)
|
(3)
|
3
|
(7)
|
(7)
|
(8)
|
(16)
|
(15)
|
(16)
|
(17)
|
(61)
|
(64)
|
(63)
|
(61)
|
(8)
|
(7)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(2)
|
0
|
0
|
7
|
0
|
2
|
(0)
|
2
|
(2)
|
7
|
|
| Non-Reccuring Items |
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
1
|
0
|
6
|
6
|
6
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
(3)
|
(3)
|
0
|
6
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
0
|
6
|
0
|
1
|
0
|
2
|
0
|
32
|
|
| Total Other Income |
(2)
|
0
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
0
|
(1)
|
1
|
(1)
|
1
|
1
|
(0)
|
(1)
|
0
|
(0)
|
0
|
0
|
(0)
|
1
|
2
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
2
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
1
|
|
| Pre-Tax Income |
12
N/A
|
11
-2%
|
10
-7%
|
9
-11%
|
10
+11%
|
14
+34%
|
19
+33%
|
19
+5%
|
20
+3%
|
20
-1%
|
18
-9%
|
18
+2%
|
21
+12%
|
21
+2%
|
20
-4%
|
25
+24%
|
25
0%
|
25
+1%
|
32
+25%
|
28
-12%
|
28
+2%
|
28
-2%
|
20
-29%
|
16
-19%
|
14
-14%
|
17
+25%
|
18
+6%
|
17
-7%
|
11
-36%
|
3
-76%
|
(2)
N/A
|
(11)
-426%
|
(18)
-61%
|
(14)
+24%
|
(22)
-60%
|
(318)
-1 353%
|
(312)
+2%
|
(324)
-4%
|
(142)
+56%
|
165
N/A
|
168
+2%
|
173
+3%
|
(3)
N/A
|
(7)
-134%
|
(4)
+49%
|
0
N/A
|
(9)
N/A
|
(2)
+75%
|
15
N/A
|
21
+36%
|
23
+12%
|
19
-20%
|
30
+64%
|
37
+21%
|
26
-30%
|
22
-13%
|
71
+218%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(1)
|
(2)
|
1
|
1
|
0
|
1
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(5)
|
(5)
|
(2)
|
(1)
|
(4)
|
|
| Income from Continuing Operations |
11
|
11
|
10
|
9
|
10
|
14
|
18
|
18
|
19
|
18
|
16
|
17
|
17
|
18
|
16
|
21
|
21
|
21
|
28
|
25
|
25
|
24
|
16
|
12
|
10
|
14
|
14
|
13
|
8
|
1
|
(4)
|
(11)
|
(17)
|
(14)
|
(21)
|
(318)
|
(313)
|
(323)
|
(141)
|
166
|
169
|
173
|
(3)
|
(7)
|
(4)
|
0
|
(9)
|
(3)
|
15
|
20
|
22
|
17
|
26
|
32
|
24
|
21
|
68
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(0)
|
(0)
|
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
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
0
|
(9)
|
|
| Net Income (Common) |
11
N/A
|
11
-2%
|
10
-6%
|
9
-10%
|
10
+10%
|
14
+34%
|
18
+31%
|
18
+2%
|
19
+5%
|
18
-4%
|
16
-11%
|
17
+2%
|
17
+4%
|
18
+2%
|
16
-7%
|
21
+28%
|
21
+1%
|
21
+1%
|
27
+24%
|
22
-17%
|
22
+2%
|
21
-5%
|
15
-30%
|
12
-20%
|
10
-15%
|
14
+42%
|
15
+5%
|
14
-7%
|
9
-39%
|
1
-87%
|
(4)
N/A
|
(11)
-178%
|
(17)
-61%
|
(14)
+20%
|
(21)
-52%
|
(318)
-1 445%
|
(313)
+2%
|
(323)
-3%
|
(141)
+56%
|
166
N/A
|
169
+2%
|
173
+3%
|
(3)
N/A
|
(7)
-149%
|
(4)
+43%
|
0
N/A
|
(9)
N/A
|
(3)
+72%
|
15
N/A
|
20
+33%
|
21
+9%
|
15
-31%
|
23
+53%
|
29
+30%
|
22
-26%
|
21
-2%
|
59
+174%
|
|
| EPS (Diluted) |
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.03
+50%
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.03
-25%
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.06
+50%
|
0.06
N/A
|
0.06
N/A
|
0.06
N/A
|
0.07
+17%
|
0.06
-14%
|
0.04
-33%
|
0.03
-25%
|
0.03
N/A
|
0.04
+33%
|
0.02
-50%
|
0.02
N/A
|
0.03
+50%
|
0
N/A
|
-0.01
N/A
|
-0.03
-200%
|
-0.05
-67%
|
-0.04
+20%
|
-0.06
-50%
|
-0.94
-1 467%
|
-0.93
+1%
|
-0.95
-2%
|
-0.1
+89%
|
0.07
N/A
|
0.07
N/A
|
0.04
-43%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
|