TOPCHOICE MEDICAL CORPORATION

TOPCHOICE MEDICAL CORPORATION — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	2.9B	2.8B	2.7B	2.8B	2.1B	1.9B	1.5B	1.2B	879.0M	763.0M	584.0M	463.0M	379.0M	316.0M	243.0M	189.0M	139.0M	91.4M	23.3M	3.9M
Revenue Growth %	0.9%	4.7%	-2.2%	33.2%	8.1%	24.9%	31.0%	34.2%	15.2%	30.7%	26.1%	22.2%	19.9%	30.0%	28.6%	36.0%	52.1%	291.5%	494.4%	--
Total Revenue	2.9B	2.8B	2.7B	2.8B	2.1B	1.9B	1.5B	1.2B	879.0M	763.0M	584.0M	463.0M	379.0M	316.0M	243.0M	189.0M	139.0M	91.4M	23.3M	3.9M
Cost Of Revenue	1.8B	1.8B	1.6B	1.5B	1.1B	1.0B	877.0M	692.0M	515.0M	447.0M	354.0M	254.0M	204.0M	167.0M	130.0M	108.0M	78.6M	38.0M	9.4M	140,400
+Gross Profit	1.1B	1.1B	1.1B	1.3B	943.0M	882.0M	669.0M	488.0M	364.0M	316.0M	230.0M	209.0M	175.0M	149.0M	113.0M	81.0M	60.4M	53.4M	13.9M	3.8M
Gross Margin %	38.5%	38.5%	40.8%	46.1%	45.2%	45.7%	43.3%	41.4%	41.4%	41.4%	39.4%	45.1%	46.2%	47.2%	46.5%	42.9%	43.5%	58.4%	59.7%	96.4%
Total Operating Cost	2.2B	2.2B	2.0B	1.9B	1.5B	1.3B	1.1B	908.0M	714.0M	594.0M	442.0M	323.0M	256.0M	218.0M	174.0M	152.0M	117.0M	64.8M	16.8M	2.6M
Selling Expenses	31.9M	29.3M	28.0M	24.7M	17.6M	12.0M	11.0M	11.7M	17.1M	11.3M	8.2M	3.9M	2.1M	1.8M	1.9M	2.6M	1.4M	179,100	55,200	46,400
Admin Expenses	316.0M	309.0M	285.0M	259.0M	230.0M	213.0M	190.0M	170.0M	162.0M	112.0M	79.4M	64.9M	52.4M	49.2M	42.1M	35.0M	34.7M	26.6M	7.1M	2.3M
Rd Expenses	59.0M	55.6M	54.0M	59.1M	40.1M	22.1M	23.0M	15.8M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	48.4M	49.6M	46.6M	23.0M	15.2M	24.6M	24.3M	11.6M	11.7M	16.3M	-2.7M	-1.6M	-3.7M	-951,400	-650,000	-136,600	-490,700	-599,500	-294,000	-92,000
+Operating Income	699.0M	712.0M	734.0M	975.0M	679.0M	639.0M	439.0M	281.0M	165.0M	168.0M	146.0M	136.0M	121.0M	96.4M	67.7M	35.3M	20.5M	24.9M	5.3M	1.3M
Operating Margin %	24.3%	25.0%	27.0%	35.1%	32.5%	33.1%	28.4%	23.8%	18.8%	22.0%	25.0%	29.4%	31.9%	30.5%	27.8%	18.7%	14.7%	27.3%	22.6%	33.3%
Non Operating Income	209,900	919,900	6.5M	1.1M	3.1M	1.8M	1.3M	1.3M	3.9M	6.6M	3.2M	3.8M	5.0M	3.1M	3.7M	61,000	4.7M	1.6M	--	2.2M
Non Operating Expenses	4.8M	4.0M	2.4M	1.4M	1.6M	2.3M	1.5M	536,000	1.3M	2.1M	958,600	1.5M	1.3M	1.4M	2.6M	1.7M	860,900	359,500	258,300	13,500
Investment Income	46.4M	60.2M	38.3M	56.1M	38.9M	32.9M	22.8M	7.4M	-4,724	-1.7M	3.3M	-3.1M	-1.4M	-1.7M	-1.7M	-1.5M	-1.7M	-1.7M	-1.3M	--
Fair Value Change Income	1.4M	--	--	--	--	--	--	--	--	--	84,400	-72.00	19,600	-86,100	-600.00	-23,700	6,500	--	--	--
Asset Disposal Income	141,000	--	-45,800	-20,700	--	--	-57,200	-105,300	-237,600	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	-154,500	--	--	--	--	--	986,200	2.4M	2.8M	401,300	376,800	140,000	303,100	71,700	293,500	6.2M	2.4M	223,800	283,100	--
Other Income	6.7M	9.1M	8.1M	9.4M	5.4M	2.3M	1.1M	1.4M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	694.0M	709.0M	738.0M	975.0M	680.0M	638.0M	439.0M	282.0M	168.0M	172.0M	148.0M	139.0M	125.0M	98.2M	68.8M	33.6M	24.3M	26.2M	5.0M	4.3M
Income Tax	122.0M	130.0M	122.0M	188.0M	135.0M	126.0M	80.0M	55.0M	34.7M	46.3M	34.0M	36.3M	29.4M	26.5M	19.1M	11.9M	9.6M	16.0M	3.8M	829,100
+Net Income	572.0M	578.0M	616.0M	786.0M	545.0M	512.0M	359.0M	227.0M	133.0M	126.0M	114.0M	102.0M	95.5M	71.7M	49.6M	21.7M	14.7M	10.2M	1.2M	3.5M
Net Margin %	19.9%	20.3%	22.7%	28.3%	26.1%	26.5%	23.2%	19.2%	15.1%	16.5%	19.5%	22.0%	25.2%	22.7%	20.4%	11.5%	10.5%	11.1%	5.2%	88.3%
Net Income Attributable	501.0M	500.0M	548.0M	703.0M	493.0M	466.0M	332.0M	217.0M	136.0M	124.0M	110.0M	100.0M	91.0M	70.0M	49.1M	22.2M	15.4M	10.1M	1.1M	3.3M
Minority Interest	70.7M	77.9M	67.4M	83.3M	52.3M	46.1M	27.1M	10.1M	-3.3M	1.6M	3.7M	2.0M	4.5M	1.7M	517,300	-503,500	-739,100	49,600	66,300	168,300
Eps Basic	1.12	1.12	1.71	2.19	1.54	1.45	1.04	0.68	0.42	0.39	0.34	0.63	0.57	0.44	0.31	0.14	0.10	0.06	0.01	0.02
Eps Diluted	1.12	1.12	1.71	2.19	1.54	1.45	1.04	0.68	0.42	0.39	0.34	0.63	0.57	0.44	0.31	0.14	0.10	0.06	0.01	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	621.0M	594.0M	630.0M	844.0M	674.0M	496.0M	350.0M	560.0M	283.0M	312.0M	255.0M	209.0M	104.0M	218.0M	122.0M	87.5M	54.9M	78.3M	17.3M	9.0M
Trading Financial Assets	1.4M	--	--	--	--	--	--	--	--	--	--	410,600	410,700	391,100	477,200	477,800	502,700	--	--	--
Accounts Receivable	151.0M	138.0M	105.0M	73.5M	66.5M	56.4M	50.5M	41.0M	18.5M	12.4M	7.5M	6.3M	5.6M	4.2M	3.7M	2.9M	2.3M	1.1M	391,500	342,100
Notes And Accounts Receivable	151.0M	138.0M	105.0M	73.5M	66.5M	56.4M	50.5M	41.0M	18.5M	12.4M	7.5M	6.3M	5.6M	4.2M	3.7M	2.9M	2.3M	1.1M	391,500	342,100
Prepayments	12.3M	12.8M	25.5M	23.1M	38.6M	45.3M	28.3M	28.4M	32.4M	22.3M	25.3M	17.6M	10.9M	13.9M	34.2M	7.6M	8.4M	13.1M	63.9M	--
Inventory	30.0M	24.8M	22.9M	20.3M	17.7M	16.4M	22.8M	24.7M	25.9M	20.4M	22.2M	15.5M	7.4M	5.3M	4.3M	5.2M	3.0M	1.4M	1.2M	--
Total Current Assets	918.0M	969.0M	1.1B	1.0B	833.0M	651.0M	470.0M	669.0M	376.0M	372.0M	316.0M	253.0M	133.0M	245.0M	166.0M	105.0M	75.5M	95.8M	102.0M	33.6M
Long Term Equity Investment	925.0M	767.0M	243.0M	386.0M	242.0M	232.0M	114.0M	103.0M	3.0M	3.0M	2.8M	9.3M	21.9M	--	--	--	--	--	--	--
Fixed Assets	--	840.0M	860.0M	885.0M	793.0M	798.0M	812.0M	641.0M	648.0M	649.0M	105.0M	86.6M	71.1M	70.9M	49.8M	43.8M	45.9M	31.9M	27.0M	7.7M
Fixed Assets Total	796.0M	840.0M	860.0M	886.0M	793.0M	798.0M	812.0M	641.0M	648.0M	649.0M	105.0M	86.6M	71.1M	70.9M	49.8M	43.8M	45.9M	31.9M	27.0M	7.7M
Construction In Progress	--	851.0M	260.0M	199.0M	121.0M	82.4M	14.5M	22.1M	32.9M	32.1M	60.3M	9.7M	14.6M	198,800	--	--	--	--	--	--
Construction In Progress Total	1.1B	851.0M	260.0M	199.0M	121.0M	82.4M	14.5M	22.1M	32.9M	32.1M	60.3M	9.7M	14.6M	198,800	--	--	--	--	--	--
Intangible Assets	79.7M	58.7M	12.4M	12.9M	13.0M	13.6M	14.6M	15.8M	17.4M	18.5M	19.2M	16.7M	15.4M	16.9M	15.3M	15.7M	16.1M	13.1M	6.0M	--
Long Term Deferred Expenses	390.0M	377.0M	334.0M	244.0M	163.0M	130.0M	132.0M	128.0M	98.6M	77.1M	61.8M	40.7M	19.3M	20.8M	18.4M	22.0M	21.7M	5.3M	2.6M	--
Total Non Current Assets	5.3B	5.1B	4.0B	3.9B	2.2B	2.0B	1.7B	1.1B	910.0M	825.0M	477.0M	392.0M	374.0M	160.0M	137.0M	136.0M	141.0M	106.0M	87.7M	7.7M
Total Assets	6.2B	6.1B	5.2B	5.0B	3.1B	2.7B	2.1B	1.8B	1.3B	1.2B	793.0M	645.0M	507.0M	406.0M	303.0M	241.0M	217.0M	202.0M	190.0M	41.3M
Short Term Borrowings	80.1M	80.1M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Payable	182.0M	183.0M	141.0M	174.0M	168.0M	115.0M	87.2M	69.1M	56.7M	69.1M	43.0M	23.3M	20.9M	8.8M	5.7M	4.3M	4.3M	2.0M	2.6M	28,300
Advance Receipts	110,800	64,500	196,000	30,800	107,500	24.0M	13.9M	12.2M	1.4M	954,900	9.6M	8.4M	1.8M	759,200	297,400	338,400	306,200	590,100	784,700	3,000
Contract Liabilities	19.8M	19.8M	20.4M	20.0M	32.6M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	593.0M	691.0M	477.0M	625.0M	459.0M	354.0M	270.0M	215.0M	127.0M	142.0M	106.0M	81.1M	52.4M	46.8M	38.6M	27.3M	25.0M	27.7M	27.4M	8.1M
Long Term Borrowings	169.0M	189.0M	28.8M	110.0M	225.0M	320.0M	415.0M	480.0M	260.0M	295.0M	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	1.3B	1.2B	1.1B	1.2B	257.0M	349.0M	415.0M	480.0M	260.0M	296.0M	760,000	--	--	90,700	90,700	90,700	50,000	--	--	--
Total Liabilities	1.9B	1.9B	1.5B	1.8B	716.0M	703.0M	685.0M	695.0M	387.0M	438.0M	107.0M	81.1M	52.4M	46.9M	38.7M	27.4M	25.0M	27.7M	27.4M	8.1M
Paid In Capital	447.0M	321.0M	321.0M	321.0M	321.0M	321.0M	321.0M	321.0M	321.0M	321.0M	160.0M	160.0M	160.0M	160.0M	160.0M	160.0M	160.0M	160.0M	160.0M	160.0M
Capital Reserve	445,000	10.1M	--	--	--	14.6M	184,700	19,100	--	--	198.0M	198.0M	198.0M	198.0M	198.0M	197.0M	198.0M	199.0M	199.0M	71.1M
Surplus Reserve	27.5M	99.1M	72.3M	34.8M	--	24.9M	18.6M	13.7M	11.0M	9.1M	1.8M	1.8M	1.8M	1.8M	1.8M	1.8M	1.8M	1.8M	1.8M	2.1M
Retained Earnings	3.6B	3.5B	3.0B	2.5B	1.8B	1.4B	976.0M	658.0M	486.0M	352.0M	269.0M	159.0M	58.6M	-32.4M	-102.0M	-151.0M	-174.0M	-189.0M	-199.0M	-201.0M
Minority Equity	331.0M	317.0M	307.0M	264.0M	198.0M	190.0M	133.0M	107.0M	81.0M	78.0M	56.8M	44.3M	35.4M	30.9M	6.3M	5.9M	5.3M	1.7M	--	268,300
Equity Attributable	4.0B	3.8B	3.3B	2.9B	2.1B	1.8B	1.3B	993.0M	818.0M	681.0M	630.0M	519.0M	419.0M	328.0M	258.0M	208.0M	186.0M	172.0M	162.0M	32.9M
Total Equity	4.4B	4.1B	3.6B	3.1B	2.3B	2.0B	1.4B	1.1B	899.0M	760.0M	686.0M	564.0M	454.0M	359.0M	264.0M	214.0M	192.0M	174.0M	162.0M	33.2M

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	2.9B	2.8B	2.7B	2.8B	2.1B	1.9B	1.5B	1.2B	866.0M	771.0M	580.0M	466.0M	386.0M	325.0M	244.0M	188.0M	136.0M	91.0M	20.6M	3.9M
Tax Refunds Received	586,300	472,200	4.6M	--	--	--	254,600	407,600	500.00	26,100	--	--	--	--	--	3,300	--	--	--	--
Total Operating Cash Inflow	2.9B	2.9B	2.7B	2.8B	2.1B	2.0B	1.6B	1.3B	907.0M	797.0M	678.0M	490.0M	530.0M	336.0M	252.0M	194.0M	141.0M	192.0M	46.7M	7.3M
Cash Paid For Goods	582.0M	561.0M	561.0M	584.0M	431.0M	402.0M	359.0M	278.0M	171.0M	197.0M	164.0M	120.0M	77.3M	72.7M	50.1M	47.5M	38.9M	14.2M	2.4M	--
Cash Paid To Employees	1.2B	1.2B	1.2B	1.1B	764.0M	697.0M	566.0M	447.0M	354.0M	270.0M	209.0M	168.0M	140.0M	114.0M	96.2M	71.4M	53.2M	30.8M	8.2M	528,000
Taxes Paid	163.0M	143.0M	232.0M	106.0M	105.0M	117.0M	83.5M	40.8M	54.1M	40.3M	40.0M	25.8M	37.6M	30.9M	10.5M	13.6M	20.3M	9.3M	995,200	6.1M
Total Operating Cash Outflow	2.1B	2.0B	2.1B	1.9B	1.4B	1.3B	1.1B	911.0M	746.0M	606.0M	550.0M	356.0M	418.0M	251.0M	179.0M	149.0M	128.0M	100.0M	52.9M	7.7M
Operating Cash Flow	763.0M	841.0M	670.0M	939.0M	708.0M	659.0M	469.0M	347.0M	161.0M	191.0M	129.0M	134.0M	112.0M	84.6M	73.4M	44.4M	12.5M	91.7M	-6.2M	-383,700
Total Investing Cash Inflow	163.0M	187.0M	81.2M	180.0M	46.2M	31.3M	5.8M	133.0M	18.5M	83,100	14.9M	11.5M	3.5M	17,200	192,500	1.2M	705,500	14,900	11.5M	--
Total Investing Cash Outflow	488.0M	1.1B	579.0M	664.0M	341.0M	456.0M	603.0M	405.0M	163.0M	166.0M	104.0M	46.7M	231.0M	20.1M	40.0M	15.5M	40.5M	30.8M	22.3M	11,000
Investing Cash Flow	-325.0M	-888.0M	-497.0M	-484.0M	-294.0M	-425.0M	-597.0M	-271.0M	-145.0M	-166.0M	-88.8M	-35.2M	-227.0M	-20.0M	-39.8M	-14.3M	-39.8M	-30.7M	-10.8M	-11,000
Cash From Borrowings	80.0M	280.0M	--	--	--	--	--	250.0M	--	--	--	--	--	--	--	--	--	--	--	--
Dividends And Interest Paid	218.0M	78.1M	69.9M	47.2M	64.4M	37.2M	44.3M	61.6M	15.7M	21.2M	--	--	--	--	--	--	--	--	142,600	--
Debt Repayments	119.0M	42.0M	110.0M	105.0M	95.0M	75.0M	45.2M	10.0M	35.0M	13.8M	--	--	--	--	--	--	--	--	--	--
Total Financing Cash Inflow	90.1M	288.0M	39.2M	20.1M	13.8M	18.8M	7.6M	273.0M	6.3M	19.6M	5.7M	6.9M	--	31.8M	--	2.5M	3.9M	--	25.5M	2.7M
Total Financing Cash Outflow	503.0M	277.0M	425.0M	306.0M	250.0M	113.0M	89.5M	71.6M	50.7M	35.0M	--	--	--	--	--	--	--	--	142,600	--
Financing Cash Flow	-413.0M	11.1M	-386.0M	-286.0M	-236.0M	-93.8M	-82.0M	201.0M	-44.4M	-15.3M	5.7M	6.9M	--	31.8M	--	2.5M	3.9M	--	25.4M	2.7M
Net Change In Cash	25.8M	-35.5M	-213.0M	170.0M	178.0M	140.0M	-209.0M	277.0M	-28.4M	9.0M	45.7M	106.0M	-115.0M	96.4M	33.6M	32.6M	-23.4M	61.0M	8.4M	2.3M
Ending Cash Balance	620.0M	594.0M	630.0M	843.0M	673.0M	495.0M	350.0M	560.0M	283.0M	312.0M	255.0M	209.0M	104.0M	218.0M	122.0M	87.5M	54.9M	78.3M	17.3M	--
Capex	332.0M	509.0M	422.0M	367.0M	170.0M	128.0M	241.0M	68.7M	98.4M	89.5M	102.0M	46.4M	36.7M	20.1M	14.5M	13.6M	27.2M	20.3M	22.3M	11,000