MFO SA
WSE:MFO
Income Statement
Earnings Waterfall
MFO SA
Income Statement
MFO SA
| 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 |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
3
|
4
|
5
|
5
|
6
|
5
|
5
|
5
|
4
|
5
|
0
|
0
|
0
|
|
| Revenue |
171
N/A
|
178
+4%
|
186
+5%
|
191
+3%
|
195
+2%
|
196
+1%
|
201
+2%
|
206
+2%
|
210
+2%
|
216
+3%
|
225
+4%
|
239
+6%
|
251
+5%
|
256
+2%
|
286
+12%
|
311
+9%
|
337
+8%
|
366
+9%
|
378
+3%
|
385
+2%
|
395
+3%
|
414
+5%
|
433
+5%
|
443
+2%
|
446
+1%
|
437
-2%
|
433
-1%
|
427
-1%
|
423
-1%
|
422
0%
|
486
+15%
|
617
+27%
|
834
+35%
|
990
+19%
|
1 109
+12%
|
1 171
+6%
|
1 034
-12%
|
923
-11%
|
779
-16%
|
628
-19%
|
575
-8%
|
576
+0%
|
583
+1%
|
593
+2%
|
614
+4%
|
617
+0%
|
628
+2%
|
644
+3%
|
666
+3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(162)
|
(169)
|
(176)
|
(180)
|
(184)
|
(183)
|
(188)
|
(192)
|
(196)
|
(200)
|
(206)
|
(215)
|
(225)
|
(230)
|
(254)
|
(282)
|
(306)
|
(334)
|
(342)
|
(345)
|
(355)
|
(374)
|
(395)
|
(405)
|
(405)
|
(395)
|
(392)
|
(390)
|
(388)
|
(382)
|
(421)
|
(499)
|
(629)
|
(765)
|
(884)
|
(952)
|
(908)
|
(837)
|
(713)
|
(604)
|
(542)
|
(527)
|
(533)
|
(539)
|
(554)
|
(551)
|
(560)
|
(568)
|
(588)
|
|
| Gross Profit |
8
N/A
|
9
+11%
|
10
+10%
|
11
+5%
|
11
+4%
|
13
+16%
|
13
+3%
|
14
+4%
|
14
+2%
|
16
+17%
|
19
+14%
|
24
+31%
|
27
+10%
|
26
-2%
|
32
+22%
|
29
-8%
|
30
+3%
|
33
+8%
|
36
+11%
|
40
+11%
|
40
+1%
|
41
+2%
|
39
-5%
|
38
-2%
|
41
+7%
|
42
+3%
|
41
-2%
|
37
-10%
|
35
-5%
|
40
+15%
|
65
+60%
|
118
+81%
|
205
+74%
|
225
+10%
|
225
+0%
|
219
-3%
|
126
-43%
|
86
-32%
|
67
-22%
|
24
-63%
|
33
+34%
|
48
+48%
|
50
+4%
|
54
+8%
|
61
+12%
|
65
+7%
|
67
+3%
|
76
+12%
|
78
+4%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(18)
|
(31)
|
(47)
|
(58)
|
(60)
|
(62)
|
(53)
|
(52)
|
(51)
|
(46)
|
(48)
|
(48)
|
(47)
|
(47)
|
(50)
|
(52)
|
(54)
|
(58)
|
(59)
|
|
| Selling, General & Administrative |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(13)
|
(27)
|
(46)
|
(59)
|
(62)
|
(64)
|
(56)
|
(54)
|
(52)
|
(48)
|
(48)
|
(51)
|
(51)
|
(52)
|
(54)
|
(56)
|
(58)
|
(60)
|
(61)
|
|
| Depreciation & Amortization |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(5)
|
(3)
|
(0)
|
1
|
1
|
2
|
4
|
2
|
2
|
2
|
0
|
2
|
3
|
5
|
4
|
4
|
3
|
2
|
2
|
|
| Operating Income |
6
N/A
|
7
+11%
|
8
+13%
|
8
+8%
|
9
+7%
|
11
+20%
|
11
+3%
|
11
+1%
|
11
+2%
|
14
+20%
|
16
+15%
|
21
+33%
|
23
+11%
|
23
-1%
|
29
+25%
|
27
-8%
|
27
+2%
|
29
+7%
|
32
+12%
|
36
+11%
|
36
0%
|
35
-1%
|
33
-7%
|
31
-6%
|
33
+9%
|
34
+1%
|
32
-5%
|
28
-12%
|
26
-9%
|
31
+22%
|
47
+49%
|
87
+85%
|
158
+82%
|
167
+6%
|
165
-1%
|
157
-5%
|
73
-53%
|
34
-53%
|
16
-53%
|
(21)
N/A
|
(15)
+29%
|
0
N/A
|
3
+3 905%
|
7
+131%
|
11
+60%
|
14
+23%
|
13
-4%
|
18
+32%
|
19
+9%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
0
|
(4)
|
(1)
|
(6)
|
(5)
|
(5)
|
(5)
|
(0)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
| Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(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)
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(2)
|
(1)
|
0
|
(1)
|
(0)
|
0
|
(2)
|
0
|
(1)
|
1
|
1
|
1
|
3
|
0
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(3)
|
(4)
|
(3)
|
(8)
|
(9)
|
(9)
|
(9)
|
(1)
|
(0)
|
(0)
|
(0)
|
|
| Pre-Tax Income |
5
N/A
|
7
+25%
|
8
+17%
|
8
+6%
|
9
+4%
|
10
+17%
|
10
+1%
|
10
+1%
|
11
+3%
|
12
+19%
|
14
+15%
|
20
+39%
|
22
+10%
|
22
0%
|
27
+25%
|
25
-10%
|
26
+5%
|
26
+0%
|
30
+16%
|
35
+16%
|
33
-5%
|
35
+4%
|
32
-9%
|
28
-12%
|
33
+18%
|
32
-3%
|
32
+1%
|
28
-13%
|
25
-9%
|
33
+30%
|
46
+40%
|
86
+86%
|
156
+80%
|
164
+5%
|
161
-2%
|
155
-4%
|
73
-53%
|
30
-58%
|
12
-62%
|
(31)
N/A
|
(24)
+24%
|
(13)
+45%
|
(11)
+13%
|
(2)
+80%
|
(3)
-14%
|
8
N/A
|
8
+4%
|
12
+39%
|
14
+14%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(9)
|
(16)
|
(30)
|
(31)
|
(31)
|
(29)
|
(14)
|
(6)
|
(2)
|
4
|
2
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Income from Continuing Operations |
5
|
6
|
7
|
7
|
7
|
8
|
8
|
8
|
8
|
10
|
12
|
16
|
18
|
18
|
22
|
20
|
21
|
21
|
24
|
29
|
27
|
28
|
26
|
22
|
26
|
25
|
26
|
23
|
20
|
27
|
38
|
70
|
126
|
133
|
131
|
125
|
59
|
25
|
9
|
(28)
|
(22)
|
(15)
|
(13)
|
(4)
|
(3)
|
7
|
8
|
11
|
12
|
|
| Net Income (Common) |
5
N/A
|
6
+11%
|
7
+17%
|
7
N/A
|
7
+3%
|
8
+10%
|
8
+2%
|
8
+1%
|
8
+2%
|
10
+21%
|
12
+14%
|
16
+41%
|
18
+10%
|
18
-1%
|
22
+24%
|
20
-11%
|
21
+5%
|
21
+1%
|
24
+16%
|
29
+19%
|
27
-5%
|
28
+2%
|
26
-8%
|
22
-15%
|
26
+19%
|
25
-2%
|
26
+1%
|
23
-12%
|
20
-10%
|
27
+33%
|
38
+40%
|
70
+86%
|
126
+80%
|
133
+5%
|
131
-2%
|
125
-4%
|
59
-53%
|
25
-58%
|
9
-62%
|
(28)
N/A
|
(22)
+19%
|
(15)
+34%
|
(13)
+11%
|
(4)
+71%
|
(3)
+15%
|
7
N/A
|
8
+5%
|
11
+44%
|
12
+14%
|
|
| EPS (Diluted) |
5.4
N/A
|
1.2
-78%
|
1.14
-5%
|
1.14
N/A
|
1.18
+4%
|
1.3
+10%
|
1.32
+2%
|
1.33
+1%
|
1.36
+2%
|
1.66
+22%
|
1.89
+14%
|
2.66
+41%
|
2.93
+10%
|
2.91
-1%
|
3.61
+24%
|
3.21
-11%
|
3.38
+5%
|
3.33
-1%
|
3.65
+10%
|
4.34
+19%
|
4.14
-5%
|
4.22
+2%
|
3.86
-9%
|
3.3
-15%
|
3.93
+19%
|
3.85
-2%
|
3.89
+1%
|
3.41
-12%
|
3.07
-10%
|
4.08
+33%
|
5.7
+40%
|
10.61
+86%
|
19.12
+80%
|
20.12
+5%
|
19.8
-2%
|
18.95
-4%
|
8.96
-53%
|
3.73
-58%
|
1.4
-62%
|
-4.17
N/A
|
-3.39
+19%
|
-2.24
+34%
|
-1.98
+12%
|
-0.57
+71%
|
-0.49
+14%
|
1.09
N/A
|
1.14
+5%
|
1.65
+45%
|
1.88
+14%
|
|