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Fan Milk (FML) investor relations material

Fan Milk Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2024 earnings summary18 Feb, 2025

Executive summary

  • Revenue increased by 24% year-over-year, reaching GHS 683.8 million, despite an 18% decline in export business due to receivables challenges.

  • Operating profit margin improved from 6% to 12% year-over-year, driven by productivity initiatives and better product mix.

  • Net profit after tax rose to GHS 54.2 million from GHS 24.0 million in the prior year.

Financial highlights

  • Gross profit grew to GHS 257.7 million from GHS 171.3 million year-over-year.

  • Earnings per share increased to GHS 0.467 from GHS 0.207 year-over-year.

  • Cash generated from operations surged to GHS 159.3 million from GHS 34.1 million year-over-year.

  • Cash and cash equivalents at year-end rose to GHS 109.1 million from GHS 65.9 million.

Outlook and guidance

  • Input costs remain elevated due to high inflation and exchange rates, but productivity and sales initiatives are expected to support future profitability.

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