Arrow Syndicate 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
Revenue	1,189	1,290	1,336	1,345	1,065
Revenue Growth (YoY)	-7.80%	-3.49%	-0.66%	26.33%	-17.71%
Cost of Revenue	849.17	978.63	1,065	1,114	737.68
Gross Profit	339.91	311.12	270.98	231.39	327.26
Selling, General & Admin	180.87	179.45	164.25	130.87	174.16
Operating Expenses	180.87	179.45	164.25	130.87	174.16
Operating Income	159.05	131.67	106.73	100.52	153.1
Interest Expense	-7.13	-6.42	-9.24	-9.34	-6.6
Other Non Operating Income (Expenses)	21.38	27.59	28.95	30.05	24.94
EBT Excluding Unusual Items	173.3	152.84	126.43	121.24	171.43
Gain (Loss) on Sale of Assets	-	-	-	-	-1.33
Asset Writedown	-	-11.27	-	-5.8	-
Pretax Income	173.3	141.57	126.43	115.44	170.11
Income Tax Expense	36.57	29.42	24.8	22.81	41.37
Earnings From Continuing Operations	136.73	112.15	101.64	92.63	128.74
Net Income	136.73	112.15	101.64	92.63	128.74
Net Income to Common	136.73	112.15	101.64	92.63	128.74
Net Income Growth	21.92%	10.34%	9.73%	-28.05%	-23.82%
Shares Outstanding (Basic)	257	257	257	257	255
Shares Outstanding (Diluted)	257	257	257	257	255
Shares Change (YoY)	-	-	-	0.58%	0.20%
EPS (Basic)	0.53	0.44	0.40	0.36	0.50
EPS (Diluted)	0.53	0.44	0.40	0.36	0.50
EPS Growth	21.92%	10.34%	9.73%	-27.89%	-24.24%
Free Cash Flow	25.3	230.3	316.22	27.57	205.81
Free Cash Flow Per Share	0.10	0.90	1.23	0.11	0.81
Dividend Per Share	0.400	0.350	0.350	0.350	0.450
Dividend Growth	14.29%	-	-	-22.22%	-10.00%
Gross Margin	28.59%	24.12%	20.28%	17.20%	30.73%
Operating Margin	13.38%	10.21%	7.99%	7.47%	14.38%
Profit Margin	11.50%	8.70%	7.61%	6.88%	12.09%
Free Cash Flow Margin	2.13%	17.86%	23.66%	2.05%	19.33%
EBITDA	194.35	168.58	142.55	137.79	191.42
EBITDA Margin	16.34%	13.07%	10.67%	10.24%	17.97%
D&A For EBITDA	35.3	36.9	35.83	37.27	38.32
EBIT	159.05	131.67	106.73	100.52	153.1
EBIT Margin	13.38%	10.21%	7.99%	7.47%	14.38%
Effective Tax Rate	21.10%	20.78%	19.61%	19.76%	24.32%
Revenue as Reported	1,189	1,290	1,336	1,345	1,065

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