Dusit Thani 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
Operating Revenue	8,505	10,731	6,023	4,530	2,428
Other Revenue	359.28	279.63	262.54	206.6	223.26
Revenue	8,864	11,011	6,286	4,736	2,651
Revenue Growth (YoY)	-19.50%	75.17%	32.71%	78.67%	0.43%
Cost of Revenue	4,508	6,554	2,978	2,208	1,390
Gross Profit	4,356	4,457	3,308	2,528	1,261
Selling, General & Admin	2,873	2,951	2,579	2,024	1,538
Operating Expenses	3,951	3,914	3,479	2,959	2,478
Operating Income	405.16	542.36	-171.8	-430.75	-1,218
Interest Expense	-721.42	-588.91	-523.89	-492.55	-469.27
Interest & Investment Income	44.64	35.22	27.19	11.71	10.3
Earnings From Equity Investments	13.63	123.96	48.49	25.79	15.74
Currency Exchange Gain (Loss)	-100.84	-43.23	-	-	-
EBT Excluding Unusual Items	-358.84	69.39	-620.01	-885.81	-1,661
Gain (Loss) on Sale of Investments	-	-	2.76	130.14	462.44
Gain (Loss) on Sale of Assets	-	-	-	92.9	303.8
Asset Writedown	15.4	34	46.01	100	-105.64
Pretax Income	-343.44	103.39	-571.25	-562.78	-1,000
Income Tax Expense	127.4	254.76	12.82	-15.63	23.68
Earnings From Continuing Operations	-470.84	-151.37	-584.07	-547.15	-1,024
Minority Interest in Earnings	17.52	-85.4	14.25	45.69	78.98
Net Income	-453.31	-236.77	-569.82	-501.46	-945
Preferred Dividends & Other Adjustments	120	120.33	120	47.01	-
Net Income to Common	-573.31	-357.09	-689.82	-548.48	-945
Shares Outstanding (Basic)	845	845	845	845	845
Shares Outstanding (Diluted)	845	845	845	845	845
EPS (Basic)	-0.68	-0.42	-0.82	-0.65	-1.12
EPS (Diluted)	-0.68	-0.42	-0.82	-0.65	-1.12
Free Cash Flow	-1,094	-841.4	-492.05	821.08	-555.74
Free Cash Flow Per Share	-1.29	-0.99	-0.58	0.97	-0.66
Gross Margin	49.14%	40.48%	52.62%	53.37%	47.55%
Operating Margin	4.57%	4.93%	-2.73%	-9.10%	-45.93%
Profit Margin	-6.47%	-3.24%	-10.97%	-11.58%	-35.65%
Free Cash Flow Margin	-12.35%	-7.64%	-7.83%	17.34%	-20.96%
EBITDA	946.37	990.27	256.71	38.23	-722.49
EBITDA Margin	10.68%	8.99%	4.08%	0.81%	-27.26%
D&A For EBITDA	541.22	447.91	428.51	468.98	495.17
EBIT	405.16	542.36	-171.8	-430.75	-1,218
EBIT Margin	4.57%	4.93%	-2.73%	-9.09%	-45.93%
Effective Tax Rate	-	246.40%	-	-	-

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