Banpu Power 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	27,850	25,827	28,380	24,501	6,784
Revenue Growth (YoY)	7.83%	-9.00%	15.83%	261.13%	23.23%
Selling, General & Admin	1,922	1,945	2,254	1,887	1,103
Provision for Bad Debts	132.31	98.61	-	-	-
Other Operating Expenses	22,666	23,270	19,659	22,203	6,172
Total Operating Expenses	24,720	25,314	21,913	24,090	7,275
Operating Income	3,131	512.99	6,466	411.23	-490.5
Interest Expense	-2,447	-2,983	-2,047	-890.75	-245.71
Interest Income	319.54	354.68	246.16	357.27	381.46
Net Interest Expense	-2,128	-2,628	-1,801	-533.49	135.75
Income (Loss) on Equity Investments	2,852	3,866	5,009	6,350	2,974
Currency Exchange Gain (Loss)	-339.85	-95.3	-36.3	-26.82	374.54
Other Non-Operating Income (Expenses)	369.07	2,008	-2,798	-6.2	237.25
EBT Excluding Unusual Items	3,884	3,664	6,840	6,194	3,232
Gain (Loss) on Sale of Investments	4.36	-1,621	-	-	-
Pretax Income	3,889	2,043	6,840	6,194	3,232
Income Tax Expense	359.23	331.79	402.46	44.89	57.2
Earnings From Continuing Ops.	3,529	1,711	6,438	6,150	3,174
Minority Interest in Earnings	-503	35.38	-1,119	-410.89	-47.31
Net Income	3,026	1,746	5,319	5,739	3,127
Net Income to Common	3,026	1,746	5,319	5,739	3,127
Net Income Growth	73.29%	-67.17%	-7.31%	83.52%	-15.54%
Shares Outstanding (Basic)	3,048	3,048	3,048	3,048	3,048
Shares Outstanding (Diluted)	3,048	3,048	3,048	3,048	3,048
Shares Change (YoY)	-	-	-	-	-0.05%
EPS (Basic)	0.99	0.57	1.75	1.88	1.03
EPS (Diluted)	0.99	0.57	1.75	1.88	1.03
EPS Growth	73.29%	-67.17%	-7.31%	83.52%	-15.50%
Free Cash Flow	199.11	-859.6	2,743	223.29	-625.42
Free Cash Flow Per Share	0.07	-0.28	0.90	0.07	-0.20
Dividend Per Share	-	0.600	0.800	0.700	0.650
Dividend Growth	-	-25.00%	14.29%	7.69%	-
Profit Margin	10.87%	6.76%	18.74%	23.42%	46.09%
Free Cash Flow Margin	0.71%	-3.33%	9.67%	0.91%	-9.22%
EBITDA	4,822	2,311	8,048	1,625	54.51
EBITDA Margin	17.32%	8.95%	28.36%	6.63%	0.80%
D&A For EBITDA	1,692	1,798	1,582	1,214	545.01
EBIT	3,131	512.99	6,466	411.23	-490.5
EBIT Margin	11.24%	1.99%	22.78%	1.68%	-7.23%
Effective Tax Rate	9.24%	16.24%	5.88%	0.73%	1.77%

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