Applicad PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,103	992.93	883.12	875.17	784.61
Other Revenue	23.01	28.68	22.98	14.53	14.29
Revenue	1,126	1,022	906.1	889.7	798.91
Revenue Growth (YoY)	10.25%	12.75%	1.84%	11.37%	21.39%
Cost of Revenue	654.26	599.51	514.1	520.32	442.87
Gross Profit	472.11	422.1	392	369.38	356.04
Selling, General & Admin	334.1	334.78	321.68	310.78	274.17
Operating Expenses	336.4	335.61	321.86	310.78	274.17
Operating Income	135.72	86.49	70.14	58.6	81.86
Interest Expense	-1.15	-1.14	-0.76	-0.67	-0.33
Other Non Operating Income (Expenses)	-	-	-	0.22	-
EBT Excluding Unusual Items	134.56	85.35	69.38	58.15	81.53
Pretax Income	134.56	85.35	69.38	58.15	81.53
Income Tax Expense	30.34	18.23	18.48	11.65	22.81
Earnings From Continuing Operations	104.22	67.12	50.9	46.5	58.73
Minority Interest in Earnings	-0.11	-0.24	-0.17	-0.03	-0.27
Net Income	104.12	66.87	50.72	46.47	58.46
Net Income to Common	104.12	66.87	50.72	46.47	58.46
Net Income Growth	55.69%	31.84%	9.14%	-20.50%	29.92%
Shares Outstanding (Basic)	280	280	280	280	280
Shares Outstanding (Diluted)	280	280	280	280	280
EPS (Basic)	0.37	0.24	0.18	0.17	0.21
EPS (Diluted)	0.37	0.24	0.18	0.17	0.21
EPS Growth	55.69%	31.84%	9.14%	-20.50%	29.92%
Free Cash Flow	198.1	62.12	43.28	12.69	56.65
Free Cash Flow Per Share	0.71	0.22	0.15	0.04	0.20
Dividend Per Share	0.230	0.130	0.150	0.140	0.200
Dividend Growth	76.92%	-13.33%	7.14%	-30.00%	33.33%
Gross Margin	41.91%	41.32%	43.26%	41.52%	44.57%
Operating Margin	12.05%	8.47%	7.74%	6.59%	10.25%
Profit Margin	9.24%	6.55%	5.60%	5.22%	7.32%
Free Cash Flow Margin	17.59%	6.08%	4.78%	1.43%	7.09%
EBITDA	153.94	108.08	93.78	79	98.15
EBITDA Margin	13.67%	10.58%	10.35%	8.88%	12.29%
D&A For EBITDA	18.22	21.59	23.64	20.4	16.28
EBIT	135.72	86.49	70.14	58.6	81.86
EBIT Margin	12.05%	8.47%	7.74%	6.59%	10.25%
Effective Tax Rate	22.55%	21.36%	26.64%	20.04%	27.98%
Revenue as Reported	1,126	1,022	906.1	889.7	798.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.