FN Factory Outlet PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	420.6	401.81	453.1	477.72	519.46	730.66
Other Revenue	76.94	39.32	29.9	24.66	23.21	27.01
Revenue	497.53	441.13	483	502.38	542.67	757.67
Revenue Growth (YoY)	10.17%	-8.67%	-3.86%	-7.42%	-28.38%	-27.21%
Cost of Revenue	226.03	209.08	437.77	278.1	288.68	434.33
Gross Profit	271.5	232.05	45.24	224.28	253.99	323.34
Selling, General & Admin	288.97	283.79	337.96	305.05	322.54	351.02
Operating Expenses	291.69	283.79	337.96	305.05	322.54	351.02
Operating Income	-20.19	-51.74	-292.72	-80.77	-68.55	-27.69
Interest Expense	-5.36	-5.64	-6.13	-7.19	-8	-8.55
Interest & Investment Income	0.2	0.77	0.54	0.63	0.67	0.86
Pretax Income	-25.35	-56.61	-298.32	-87.33	-75.88	-35.37
Income Tax Expense	74.56	28.65	-57.44	-1.28	-13.14	-7.65
Earnings From Continuing Operations	-99.91	-85.26	-240.88	-86.05	-62.74	-27.72
Minority Interest in Earnings	0	0	0	0	-0	-0
Net Income	-99.91	-85.26	-240.88	-86.05	-62.75	-27.72
Net Income to Common	-99.91	-85.26	-240.88	-86.05	-62.75	-27.72
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)	-0.10	-0.09	-0.24	-0.09	-0.06	-0.03
EPS (Diluted)	-0.10	-0.09	-0.24	-0.09	-0.06	-0.03
Free Cash Flow	-23.24	18.53	21.33	-63.8	73.79	141.71
Free Cash Flow Per Share	-0.02	0.02	0.02	-0.06	0.07	0.14
Dividend Per Share	-	-	-	-	0.004	0.004
Gross Margin	54.57%	52.60%	9.37%	44.64%	46.80%	42.68%
Operating Margin	-4.06%	-11.73%	-60.60%	-16.08%	-12.63%	-3.65%
Profit Margin	-20.08%	-19.33%	-49.87%	-17.13%	-11.56%	-3.66%
Free Cash Flow Margin	-4.67%	4.20%	4.42%	-12.70%	13.60%	18.70%
EBITDA	12.27	-9.94	-244.89	-22.49	-5.72	46.88
EBITDA Margin	2.47%	-2.25%	-50.70%	-4.48%	-1.05%	6.19%
D&A For EBITDA	32.46	41.81	47.83	58.29	62.82	74.56
EBIT	-20.19	-51.74	-292.72	-80.77	-68.55	-27.69
EBIT Margin	-4.06%	-11.73%	-60.60%	-16.08%	-12.63%	-3.65%
Revenue as Reported	497.53	441.13	483	502.38	542.67	757.67
Advertising Expenses	-	21.84	16.37	14.41	18.5	32.45

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