7

7-Eleven Malaysia Holdings Bhd
KLSE:SEM

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7-Eleven Malaysia Holdings Bhd
KLSE:SEM
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Price: 2 MYR
Market Cap: 2.3B MYR
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Income Statement

Earnings Waterfall
7-Eleven Malaysia Holdings Bhd

Revenue
2.8B MYR
Cost of Revenue
-2B MYR
Gross Profit
882.2m MYR
Operating Expenses
-787.6m MYR
Operating Income
94.6m MYR
Other Expenses
159.4m MYR
Net Income
254.1m MYR

Income Statement
7-Eleven Malaysia Holdings Bhd

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Income Statement
Currency: MYR
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
Revenue
Revenue
1 784
N/A
1 835
+3%
1 893
+3%
1 946
+3%
1 956
+1%
1 988
+2%
2 006
+1%
2 028
+1%
2 051
+1%
2 080
+1%
2 103
+1%
2 100
0%
2 149
+2%
2 164
+1%
2 187
+1%
2 200
+1%
2 203
+0%
2 208
+0%
2 217
+0%
2 265
+2%
2 296
+1%
2 322
+1%
2 361
+2%
2 397
+2%
2 458
+3%
2 541
+3%
2 539
0%
2 577
+1%
2 604
+1%
2 607
+0%
2 809
+8%
2 991
+7%
2 643
-12%
2 621
-1%
2 485
-5%
2 956
+19%
3 035
+3%
3 082
+2%
2 784
-10%
2 491
-11%
2 836
+14%
Gross Profit
Cost of Revenue
(1 282)
(1 315)
(1 335)
(1 361)
(1 359)
(1 371)
(1 388)
(1 403)
(1 416)
(1 436)
(1 457)
(1 453)
(1 481)
(1 486)
(1 496)
(1 476)
(1 453)
(1 427)
(1 518)
(1 577)
(1 622)
(1 667)
(1 621)
(1 735)
(1 814)
(1 890)
(1 817)
(1 871)
(1 894)
(1 911)
(2 050)
(2 176)
(1 860)
(1 806)
(1 685)
(2 058)
(2 114)
(2 155)
(1 918)
(1 679)
(1 953)
Gross Profit
502
N/A
520
+4%
558
+7%
585
+5%
597
+2%
617
+3%
618
+0%
625
+1%
635
+2%
644
+1%
647
+0%
646
0%
669
+3%
678
+1%
691
+2%
725
+5%
750
+3%
781
+4%
699
-11%
689
-1%
675
-2%
655
-3%
740
+13%
662
-11%
644
-3%
650
+1%
722
+11%
705
-2%
710
+1%
695
-2%
759
+9%
815
+7%
783
-4%
816
+4%
799
-2%
898
+12%
921
+3%
927
+1%
866
-7%
812
-6%
882
+9%
Operating Income
Operating Expenses
(425)
(434)
(465)
(490)
(511)
(533)
(540)
(544)
(548)
(564)
(573)
(583)
(611)
(615)
(612)
(643)
(664)
(692)
(615)
(593)
(568)
(538)
(620)
(538)
(530)
(531)
(604)
(583)
(585)
(580)
(605)
(635)
(608)
(627)
(662)
(757)
(760)
(772)
(772)
(728)
(788)
Selling, General & Administrative
(545)
(555)
(573)
(596)
(613)
(632)
(650)
(655)
(661)
(676)
(689)
(703)
(730)
(741)
(749)
(750)
(742)
(738)
(738)
(743)
(749)
(751)
(763)
(774)
(777)
(783)
(772)
(759)
(760)
(754)
(778)
(811)
(766)
(780)
(805)
(923)
(928)
(945)
(934)
(890)
(969)
Other Operating Expenses
120
121
107
106
102
99
110
110
113
113
116
120
120
127
137
107
79
46
123
151
182
213
143
236
247
252
168
176
174
175
173
177
157
153
143
165
168
173
161
162
182
Operating Income
76
N/A
86
+13%
93
+8%
95
+2%
86
-10%
84
-2%
78
-7%
80
+3%
87
+8%
80
-7%
73
-8%
64
-14%
58
-9%
64
+10%
80
+25%
82
+3%
87
+6%
90
+3%
84
-6%
96
+14%
107
+12%
116
+8%
120
+3%
124
+3%
113
-9%
119
+5%
118
-1%
122
+4%
125
+2%
116
-7%
154
+33%
181
+18%
175
-3%
189
+8%
137
-27%
141
+3%
161
+14%
156
-3%
94
-40%
84
-10%
95
+13%
Pre-Tax Income
Interest Income Expense
(7)
(6)
(4)
(2)
(1)
(1)
(0)
(0)
(1)
(2)
(3)
(4)
(6)
(8)
(9)
(10)
(10)
(10)
(10)
(18)
(26)
(35)
(44)
(44)
(48)
(52)
(55)
(59)
(59)
(60)
(61)
(63)
(61)
(61)
(64)
(69)
(72)
(73)
(72)
(70)
(72)
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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
70
N/A
81
+16%
89
+11%
93
+4%
85
-9%
84
-2%
78
-7%
80
+3%
86
+7%
79
-8%
71
-10%
60
-16%
52
-12%
56
+7%
70
+26%
72
+2%
76
+6%
79
+4%
74
-7%
78
+5%
81
+4%
82
+1%
77
-6%
80
+5%
65
-19%
66
+2%
63
-6%
63
+1%
66
+4%
56
-15%
92
+64%
118
+27%
114
-3%
128
+12%
73
-42%
72
-2%
89
+24%
83
-7%
22
-74%
14
-37%
22
+64%
Net Income
Tax Provision
(23)
(25)
(26)
(27)
(25)
(24)
(22)
(23)
(24)
(22)
(19)
(15)
(13)
(12)
(20)
(21)
(22)
(25)
(23)
(24)
(26)
(26)
(23)
(26)
(23)
(25)
(27)
(26)
(28)
(25)
(34)
(41)
(41)
(54)
(40)
(37)
(41)
(35)
(36)
(33)
(35)
Income from Continuing Operations
47
56
63
66
60
60
56
57
62
57
52
44
40
44
50
51
54
55
51
54
55
55
54
54
43
41
35
38
38
32
59
77
73
74
34
35
49
48
(14)
(19)
(13)
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
(2)
(5)
(6)
(8)
(8)
(13)
(14)
(20)
(16)
(10)
(9)
(7)
(6)
(4)
2
4
3
Net Income (Common)
47
N/A
56
+19%
63
+13%
66
+4%
60
-9%
60
-1%
56
-7%
57
+3%
62
+8%
57
-8%
52
-8%
44
-15%
40
-11%
44
+11%
50
+14%
51
+2%
54
+6%
55
+1%
51
-6%
54
+4%
55
+3%
55
+0%
54
-2%
54
+0%
41
-25%
37
-10%
30
-19%
30
+1%
30
+0%
19
-38%
44
+138%
57
+29%
82
+43%
94
+15%
67
-29%
58
-13%
58
-1%
59
+1%
262
+347%
259
-1%
254
-2%
EPS (Diluted)
0.04
N/A
0.04
N/A
0.05
+25%
0.04
-20%
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.04
N/A
0.05
+25%
0.04
-20%
0.03
-25%
0.03
N/A
0.03
N/A
0.02
-33%
0.02
N/A
0.01
-50%
0.04
+300%
0.05
+25%
0.07
+40%
0.08
+14%
0.05
-38%
0.05
N/A
0.05
N/A
0.05
N/A
0.23
+360%
0.23
N/A
0.22
-4%

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