Delta Paint 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	588.43	692.81	1,016	899.72	749.46
Revenue Growth (YoY)	-15.07%	-31.81%	12.93%	20.05%	25.71%
Cost of Revenue	401.26	513.94	653.26	554	440.13
Gross Profit	187.17	178.87	362.77	345.72	309.34
Selling, General & Admin	261.82	358.42	341.63	278.41	243.57
Other Operating Expenses	-6.87	-3.99	-5.12	-9.37	-10.49
Operating Expenses	254.95	354.43	336.51	269.04	233.08
Operating Income	-67.78	-175.56	26.26	76.69	76.26
Interest Expense	-13.31	-15.14	-7.89	-3.81	-7.73
Interest & Investment Income	0.13	0.09	0.12	0.07	0.17
Earnings From Equity Investments	3.34	0.35	3.16	-	-
EBT Excluding Unusual Items	-77.62	-190.25	21.66	72.95	68.7
Gain (Loss) on Sale of Assets	13.22	21.08	-	0.07	0.42
Pretax Income	-64.4	-169.18	21.66	73.01	69.12
Income Tax Expense	-6.39	-2.37	8.66	18.23	16.22
Earnings From Continuing Operations	-58.01	-166.8	13	54.79	52.89
Minority Interest in Earnings	-0	1.76	0.7	0.83	-0.31
Net Income	-58.01	-165.04	13.7	55.61	52.59
Net Income to Common	-58.01	-165.04	13.7	55.61	52.59
Net Income Growth	-	-	-75.37%	5.76%	22.58%
Shares Outstanding (Basic)	230	230	230	230	187
Shares Outstanding (Diluted)	230	230	230	230	187
Shares Change (YoY)	-	-	-	23.21%	55.68%
EPS (Basic)	-0.25	-0.72	0.06	0.24	0.28
EPS (Diluted)	-0.25	-0.72	0.06	0.24	0.28
EPS Growth	-	-	-75.37%	-14.17%	-21.26%
Free Cash Flow	70.25	-56.35	-133.21	-114.38	-8.51
Free Cash Flow Per Share	0.30	-0.24	-0.58	-0.50	-0.05
Dividend Per Share	-	-	-	0.162	-
Gross Margin	31.81%	25.82%	35.70%	38.42%	41.27%
Operating Margin	-11.52%	-25.34%	2.58%	8.52%	10.17%
Profit Margin	-9.86%	-23.82%	1.35%	6.18%	7.02%
Free Cash Flow Margin	11.94%	-8.13%	-13.11%	-12.71%	-1.14%
EBITDA	-42.48	-150.74	47.77	92.88	88.63
EBITDA Margin	-7.22%	-21.76%	4.70%	10.32%	11.83%
D&A For EBITDA	25.29	24.82	21.5	16.19	12.37
EBIT	-67.78	-175.56	26.26	76.69	76.26
EBIT Margin	-11.52%	-25.34%	2.58%	8.52%	10.17%
Effective Tax Rate	-	-	39.99%	24.96%	23.47%
Advertising Expenses	11.14	23.33	26.01	15.62	15.92

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