Below are the financial statements of Merdeka Battery Materials, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Revenue | 1,844.7a | 1,328.33a |
| Cost of revenue | -1,730.59a | -1,250.85a |
| Gross profit | 114.11a | 77.48a |
| Operating expenses | — | — |
| Selling and marketing expenses | -3.2a | -1.19a |
| General and administrative expenses | -31.09a | -28.73a |
| Operating profit | 79.82a | 47.56a |
| Finance income | 6.62a | 5.52a |
| Finance costs | -7.96a | -20.04a |
| Share in net loss of associates | -0.48a | -0.03a |
| Other income - net | 12.1a | 0.47a |
| Profit before income tax | 90.11a | 33.47a |
| Income tax expense | -10.61a | -0.16a |
| Profit for the year | 79.51a | 33.31a |
| Profit for the year attributable to | — | — |
| Owners of the parent entity | 22.78a | 6.93a |
| Non-controlling interests | 56.72a | 26.38a |
| Total | 79.51a | 33.31a |
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