Asia Hotel 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	1,365	1,320	1,188	924.3	599.84
Revenue Growth (YoY)	3.36%	11.09%	28.58%	54.09%	-25.99%
Cost of Revenue	855.25	835.44	801.9	664.25	519.49
Gross Profit	509.32	484.82	386.58	260.05	80.35
Selling, General & Admin	358.49	336.06	256.18	186.91	122.71
Other Operating Expenses	-75.06	-68.11	-69.65	-44.71	-47.98
Operating Expenses	370.78	355.35	273.79	225.92	158.84
Operating Income	138.54	129.47	112.79	34.13	-78.49
Interest Expense	-142.2	-138.92	-149.3	-149.89	-120.37
Other Non Operating Income (Expenses)	1.67	-6.31	7.96	0.87	-5.4
EBT Excluding Unusual Items	-2	-15.76	-28.55	-114.9	-204.27
Gain (Loss) on Sale of Assets	0.23	0.22	-	0.05	0.01
Asset Writedown	-	-	-52.05	-	-
Pretax Income	2.97	-9.92	-77.82	-114.42	-203.87
Income Tax Expense	6.32	-4.32	-17.25	-2.15	6.75
Earnings From Continuing Operations	-3.35	-5.6	-60.57	-112.27	-210.62
Minority Interest in Earnings	2.23	3.41	6.31	0.82	1.53
Net Income	-1.13	-2.18	-54.26	-111.45	-209.09
Net Income to Common	-1.13	-2.18	-54.26	-111.45	-209.09
Shares Outstanding (Basic)	320	320	320	320	320
Shares Outstanding (Diluted)	320	320	320	320	320
EPS (Basic)	-0.00	-0.01	-0.17	-0.35	-0.65
EPS (Diluted)	-0.00	-0.01	-0.17	-0.35	-0.65
Free Cash Flow	286.38	207.32	275.88	280.01	166.61
Free Cash Flow Per Share	0.90	0.65	0.86	0.88	0.52
Dividend Per Share	-	0.260	-	-	-
Gross Margin	37.33%	36.72%	32.53%	28.13%	13.40%
Operating Margin	10.15%	9.81%	9.49%	3.69%	-13.08%
Profit Margin	-0.08%	-0.17%	-4.57%	-12.06%	-34.86%
Free Cash Flow Margin	20.99%	15.70%	23.21%	30.29%	27.78%
EBITDA	396.03	368.96	354	279.87	174.27
EBITDA Margin	29.02%	27.95%	29.79%	30.28%	29.05%
D&A For EBITDA	257.49	239.5	241.21	245.74	252.76
EBIT	138.54	129.47	112.79	34.13	-78.49
EBIT Margin	10.15%	9.81%	9.49%	3.69%	-13.08%
Effective Tax Rate	213.02%	-	-	-	-
Revenue as Reported	1,365	1,320	1,188	924.3	599.84
Advertising Expenses	96.08	90.9	34.93	18.91	5.93

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