Carabao Group PCL (BKK:CBG)

Carabao Group PCL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	21,059	19,645	17,681	18,077	16,173	15,922
Other Revenue	1.36	1.36	2	4.59	1.34	1.57
Revenue	21,061	19,647	17,683	18,082	16,174	15,924
Revenue Growth (YoY)	10.08%	11.11%	-2.21%	11.79%	1.57%	16.40%
Cost of Revenue	15,092	13,924	12,801	12,444	9,990	8,864
Gross Profit	5,969	5,722	4,881	5,638	6,185	7,059
Selling, General & Admin	2,411	2,349	2,660	3,078	2,945	2,880
Other Operating Expenses	-167.77	-188.96	-157.79	-214.63	-134.1	-89.08
Operating Expenses	2,244	2,160	2,502	2,864	2,810	2,791
Operating Income	3,725	3,562	2,379	2,774	3,374	4,268
Interest Expense	-90.96	-145.73	-183.21	-115.09	-88.71	-106.8
Interest & Investment Income	5.88	5.77	4.8	0.99	1.01	4.23
Earnings From Equity Investments	15.85	14.45	8.5	4.56	-	-
Currency Exchange Gain (Loss)	4.27	4.27	10.32	-	64.98	55.15
EBT Excluding Unusual Items	3,660	3,441	2,219	2,665	3,351	4,221
Gain (Loss) on Sale of Assets	5.79	5.79	5.96	3.78	4.58	5.63
Pretax Income	3,666	3,447	2,237	2,684	3,356	4,227
Income Tax Expense	732.86	619.46	336.84	432.82	513.27	667.45
Earnings From Continuing Operations	2,933	2,827	1,900	2,251	2,843	3,559
Minority Interest in Earnings	26.6	15.48	23.93	35.01	38.2	-34.13
Net Income	2,960	2,843	1,924	2,286	2,881	3,525
Net Income to Common	2,960	2,843	1,924	2,286	2,881	3,525
Net Income Growth	9.25%	47.73%	-15.83%	-20.65%	-18.27%	40.64%
Shares Outstanding (Basic)	1,000	1,000	1,000	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,000	1,000	1,000	1,000	1,000	1,000
EPS (Basic)	2.96	2.84	1.92	2.29	2.88	3.53
EPS (Diluted)	2.96	2.84	1.92	2.29	2.88	3.53
EPS Growth	9.25%	47.73%	-15.83%	-20.65%	-18.27%	40.64%
Free Cash Flow	3,393	4,197	3,049	1,696	1,306	1,981
Free Cash Flow Per Share	3.39	4.20	3.05	1.70	1.31	1.98
Dividend Per Share	1.400	1.300	0.900	1.500	1.900	2.400
Dividend Growth	27.27%	44.44%	-40.00%	-21.05%	-20.83%	41.18%
Gross Margin	28.34%	29.13%	27.61%	31.18%	38.24%	44.33%
Operating Margin	17.69%	18.13%	13.45%	15.34%	20.86%	26.81%
Profit Margin	14.05%	14.47%	10.88%	12.64%	17.81%	22.14%
Free Cash Flow Margin	16.11%	21.36%	17.24%	9.38%	8.07%	12.44%
EBITDA	4,340	4,272	3,075	3,467	4,016	4,815
EBITDA Margin	20.61%	21.74%	17.39%	19.18%	24.83%	30.24%
D&A For EBITDA	615.08	709.84	696.23	693.15	642.22	546.6
EBIT	3,725	3,562	2,379	2,774	3,374	4,268
EBIT Margin	17.69%	18.13%	13.45%	15.34%	20.86%	26.81%
Effective Tax Rate	19.99%	17.97%	15.06%	16.13%	15.29%	15.79%
Revenue as Reported	22,558	21,165	19,041	19,454	17,569	17,382
Advertising Expenses	-	465.91	673.16	729.63	755.05	825.15

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.