Arrow Syndicate PCL (BKK:ARROW)

Arrow Syndicate PCL Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,197	1,189	1,290	1,336	1,345	1,065
Revenue Growth (YoY)	-5.91%	-7.80%	-3.49%	-0.66%	26.33%	-17.71%
Cost of Revenue	843.54	849.17	978.63	1,065	1,114	737.68
Gross Profit	353.62	339.91	311.12	270.98	231.39	327.26
Selling, General & Admin	188	180.87	179.45	164.25	130.87	174.16
Operating Expenses	188	180.87	179.45	164.25	130.87	174.16
Operating Income	165.63	159.05	131.67	106.73	100.52	153.1
Interest Expense	-6.88	-7.13	-6.42	-9.24	-9.34	-6.6
Other Non Operating Income (Expenses)	21.89	21.38	27.59	28.95	30.05	24.94
EBT Excluding Unusual Items	180.64	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	180.64	173.3	141.57	126.43	115.44	170.11
Income Tax Expense	38.36	36.57	29.42	24.8	22.81	41.37
Earnings From Continuing Operations	142.27	136.73	112.15	101.64	92.63	128.74
Net Income	142.27	136.73	112.15	101.64	92.63	128.74
Net Income to Common	142.27	136.73	112.15	101.64	92.63	128.74
Net Income Growth	16.03%	21.92%	10.34%	9.73%	-28.05%	-23.82%
Shares Outstanding (Basic)	257	257	257	257	257	255
Shares Outstanding (Diluted)	257	257	257	257	257	255
Shares Change (YoY)	0.00%	-	-	-	0.58%	0.20%
EPS (Basic)	0.55	0.53	0.44	0.40	0.36	0.50
EPS (Diluted)	0.55	0.53	0.44	0.40	0.36	0.50
EPS Growth	16.03%	21.92%	10.34%	9.73%	-27.89%	-24.24%
Free Cash Flow	46.14	25.3	230.3	316.22	27.57	205.81
Free Cash Flow Per Share	0.18	0.10	0.90	1.23	0.11	0.81
Dividend Per Share	0.400	0.400	0.350	0.350	0.350	0.450
Dividend Growth	14.29%	14.29%	-	-	-22.22%	-10.00%
Gross Margin	29.54%	28.59%	24.12%	20.28%	17.20%	30.73%
Operating Margin	13.84%	13.38%	10.21%	7.99%	7.47%	14.38%
Profit Margin	11.88%	11.50%	8.70%	7.61%	6.88%	12.09%
Free Cash Flow Margin	3.85%	2.13%	17.86%	23.66%	2.05%	19.33%
EBITDA	200.08	194.35	168.58	142.55	137.79	191.42
EBITDA Margin	16.71%	16.34%	13.07%	10.67%	10.24%	17.97%
D&A For EBITDA	34.45	35.3	36.9	35.83	37.27	38.32
EBIT	165.63	159.05	131.67	106.73	100.52	153.1
EBIT Margin	13.84%	13.38%	10.21%	7.99%	7.47%	14.38%
Effective Tax Rate	21.24%	21.10%	20.78%	19.61%	19.76%	24.32%
Revenue as Reported	1,197	1,189	1,290	1,336	1,345	1,065

Source: S&P Global Market Intelligence. Standard template. Financial Sources.