Exterminators : QUARTERLY FINANCIAL STATEMENT AS OF 31/12/2022

Beyond Pest Control

EXTERMINATORS PLC

Interim Report 31.12.2022

FINANCIAL SNAPSHOT - Nine months ending 31.12.2022

Revenue	Profit before tax
+37%	+63%

Gross Profit	Net profit
+29%	+62%

Operating profit	Comprehensive income
+29%	+251%

NON-FINANCIAL SNAPSHOT

50000+	24+ Years in
Customers since	business
inception
1000+	03 Locations
Ongoing recurring
contracts
125+	04 International
Years of combined	quality standards
experience

Earnings per share

+27%

Net assets per share

+26%

Dividends payout

LKR 31 Mllion

62 National

international awards

Asia's 1st

Carbon neutral pest

contreol services

Asia's 1st

Great place to work certified company

INTERIM REPORT

EXTERMINATORS PLC

For the Nine-month period ending 31.12.2022

Table of contents

Statement of comprehensive income

Statement of financial position

Statement of change in equity

Statement of cash-flow

Notes to the financial statements

Share information

Utilization of funds on IPO objectives

Events occurring after the reporting date

Capital expenditure commitments

Corporate information

STATEMENT OF COMPREHENSIVE INCOME

For the nine-month period ended 31.12.2022

Period ended 31.12.2022 (Rs)	2022	2021	Change	2022	2021	Change
Three months	Three months	%	Nine months	Nine months	%
Revenue	38,951,980	32,316,831	21%	124,041,234	90,844,348	37%
Cost of sales	(10,020,042)	(6,657,274)	51%	(32,029,543)	(19,381,943)	65%
Gross profit	28,931,938	25,659,558	13%	92,011,692	71,462,095	29%
Administration expenses	(18,398,789)	(14,967,512)	23%	(40,153,836)	(30,784,145)	30%
Selling and distribution expenses	(4,005,606)	(3,419,182)	17%	(24,534,294)	(19,567,668)	25%
Operating profit	6,527,543	7,272,864	-10%	27,323,562	21,110,282	29%
Finance Expenses	(182,302)	(444,748)	-59%	(1,249,408)	(1,641,525)	-24%
Finance Income	1,892,851	164,674	1049%	6,586,781	516,656	1175%
Profit before tax	8,238,092	6,992,790	18%	32,660,934	19,985,413	63%
Income tax	(2,961,543)	(1,301,714)	128%	(6,025,579)	(3,532,301)	71%
Profit for the year	5,276,549	5,691,077	-7%	26,635,356	16,453,112	62%
Other comprehensive
income/expenses	-	-	0%	31,067,138	-	100%
Revaluation reserve
Total comprehensive income	5,276,549	5,691,077	-7%	57,702,493	16,453,112	251%
Earnings per share	0.10	0.13	-26%	0.52	0.41	27%
Dividend per share	0.20	-	100%	0.27	-	100%

All figures are provisional and subject to audit, unless otherwise stated.

STATEMENT OF FINANCIAL POSITION

FINANCIAL POSITION AS AT	31.12.2022	31.03.2022
ASSETS
Non-current assets
Property plant and equipment	4,445,030	4,278,557
Right-of-use Assets	71,196,389	33,127,525
Intangible assets	124,445	134,561
Differed tax assets	794,505	281,637
Total non-current assets	76,560,370	37,822,280
Current assets
Financial Asset at Fair Value Through Profit or Loss	18,000	18,000
Investment - Fixed Deposit	20,000,150	-
Inventory	5,883,893	15,535,494
Trade and other receivables	71,096,304	39,678,420
Amount due from related parties	20,218,885	8,216,147
Cash and cash equivalences	13,345,419	66,212,005
Total current assets	130,562,652	129,660,065
Total Assets	207,123,022	167,482,346
Equity and liabilitites
Equity and Reserves
Stated capital	100,000,000	82,830,320
Retained earnings	15,821,694	20,521,830
Revaluation of reserves	60,453,071	29,520,933
Total equity	176,274,765	132,873,083
Non-current liabilities
Retirement benefit obligation	6,361,734	6,620,859
Interest bearings on loans and borrowings	2,521,204	2,292,928
Deferred tax liability	-	-
Total non-current liabilities	8,882,938	8,913,787
Current liabilities
Interest bearings on loans and borrowings	7,481,789	8,617,248
Trade and other payables	10,347,736	10,479,439
Income tax payable	4,135,793	6,598,789
Total current liabilities	21,965,319	25,695,476
Total equity and liabilities	207,123,022	167,482,346
Net assets per share	3.34	2.66

The Board of Directors is responsible for the preparation and presentation of these financial statements, Signed for and on behalf of the Board of Directors by the following on 8th February 2022.