Also trades as: GARPY (OTC) · $vol 0M · GARPF (OTC) · $vol 0M

S$0.31 ($0.24)

-0.01 (-1.59%)

Weekly Expected Move ±3.3%

S$0 S$0 S$0 S$0 S$0

SES · Consumer Defensive · Agricultural Farm Products · Tech Score Sell · Power 34 · S$3.9B mcap · 6.34B float · 0.350% daily turnover

Revenue

$13.0B +18.7% ▲

5Y CAGR: +12.8%

Gross Profit

$1.9B -7.6% ▼

5Y CAGR: +10.6%

Operating Income

$790M +29.2% ▲

5Y CAGR: +20.9%

Net Income

$400M +9.8% ▲

5Y CAGR: +66.0%

EPS (Diluted)

$0.03 +10.1% ▲

5Y CAGR: +66.1%

EBITDA

$1.3B +31.0% ▲

5Y CAGR: +14.2%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$10.2B	$11.4B	$9.8B	$10.9B	$13.0B
YoY Growth	+43.9%	+12.3%	-14.7%	+11.8%	+18.7%
Cost of Revenue	$7.8B	$8.4B	$7.9B	$8.9B	$11.1B
Gross Profit	$2.4B	$3.0B	$1.9B	$2.1B	$1.9B
Gross Margin	23.1%	26.5%	19.0%	18.8%	14.7%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$424M	$603M	$1.4B	$1.4B	$1.1B
Operating Expenses	$1.6B	$1.6B	$1.4B	$1.4B	$1.1B
Operating Income	$729M	$1.5B	$476M	$611M	$790M
Operating Margin	7.2%	12.7%	4.9%	5.6%	6.1%
Interest Expense	$155M	$177M	$220M	$243M	$219M
Income Before Tax	$726M	$1.2B	$379M	$557M	$664M
Tax Expense	$199M	$388M	$167M	$145M	$221M
Net Income	$476M	$782M	$198M	$365M	$400M
Net Margin	4.7%	6.8%	2.0%	3.3%	3.1%
EPS (Diluted)	$0.04	$0.06	$0.02	$0.03	$0.03
EBITDA	$1.3B	$1.8B	$972M	$1.2B	$1.3B
Shares Outstanding	12.69B	12.68B	12.68B	12.68B	12.68B

Line Item	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2026 Q1	FY2026 Q2
Revenue	$2.6B	$2.6B	$2.8B	$3.0B	$3.1B	$3.1B	$3.2B	$3.4B
Cost of Revenue	$2.1B	$2.1B	$2.3B	$2.4B	$2.6B	$2.6B	$2.8B	$2.8B
Gross Profit	$427M	$493M	$496M	$639M	$434M	$434M	$450M	$584M
Gross Margin	16.7%	19.1%	18.0%	21.2%	14.1%	14.1%	13.9%	17.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$0	$437M	$0	$1.4B	$268M	$268M	$0	$636M
Operating Expenses	$0	$259M	$0	$28M	$268M	$268M	$0	$186M
Operating Income	$427M	$234M	$496M	$611M	$167M	$167M	$450M	$398M
Operating Margin	16.7%	9.1%	18.0%	20.3%	5.4%	5.4%	13.9%	11.8%
Interest Expense	$0	$121M	$0	$170M	$39M	$39M	$0	$0
Income Before Tax	$41M	$116M	$120M	$340M	$125M	$125M	$52M	$268M
Tax Expense	$4M	$31M	$2M	$148M	$39M	$39M	$8M	$121M
Net Income	$37M	$102M	$118M	$145M	$80M	$80M	$44M	$123M
Net Margin	1.4%	3.9%	4.3%	4.8%	2.6%	2.6%	1.4%	3.7%
EPS (Diluted)	$0.00	$0.01	$0.01	$0.01	$0.01	$0.01	$0.00	$0.01
EBITDA	$151M	$260M	$160M	$493M	$257M	$257M	$139M	$435M
Shares Outstanding	12.68B	12.68B	12.68B	12.68B	12.68B	12.68B	12.68B	12.68B

E5H.SI SES