Income Statement

Profitability and Margin Performance

Operating Margin (EBIT)

Operating Margin measures profitability after accounting for both direct costs and operating expenses, including depreciation and amortisation. It reflects the company’s ability to convert revenue into operating profit through effective cost management, asset utilisation, and operational execution. Unlike EBITDA margin, this metric incorporates the economic impact of capital intensity and ongoing investment in the operating base, making it a more complete indicator of operational profitability.