FN Factory Outlet 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	460.7	401.81	453.1	477.72	519.46
Other Revenue	39.99	39.32	29.9	24.66	23.21
Revenue	500.69	441.13	483	502.38	542.67
Revenue Growth (YoY)	13.50%	-8.67%	-3.86%	-7.42%	-28.38%
Cost of Revenue	248.44	209.08	437.77	278.1	288.68
Gross Profit	252.25	232.05	45.24	224.28	253.99
Selling, General & Admin	304.51	285.12	337.96	305.05	322.54
Operating Expenses	306.42	283.79	337.96	305.05	322.54
Operating Income	-54.17	-51.74	-292.72	-80.77	-68.55
Interest Expense	-5.26	-5.64	-6.13	-7.19	-8
Interest & Investment Income	0.11	0.77	0.54	0.63	0.67
EBT Excluding Unusual Items	-59.33	-56.61	-298.32	-87.33	-75.88
Gain (Loss) on Sale of Investments	34.51	-	-	-	-
Pretax Income	-24.81	-56.61	-298.32	-87.33	-75.88
Income Tax Expense	39.57	28.65	-57.44	-1.28	-13.14
Earnings From Continuing Operations	-64.38	-85.26	-240.88	-86.05	-62.74
Minority Interest in Earnings	0	0	0	0	-0
Net Income	-64.38	-85.26	-240.88	-86.05	-62.75
Net Income to Common	-64.38	-85.26	-240.88	-86.05	-62.75
Shares Outstanding (Basic)	1,000	1,000	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,000	1,000	1,000	1,000	1,000
EPS (Basic)	-0.06	-0.09	-0.24	-0.09	-0.06
EPS (Diluted)	-0.06	-0.09	-0.24	-0.09	-0.06
Free Cash Flow	-35.11	18.53	21.33	-63.8	73.79
Free Cash Flow Per Share	-0.04	0.02	0.02	-0.06	0.07
Dividend Per Share	-	-	-	-	0.004
Gross Margin	50.38%	52.60%	9.37%	44.64%	46.80%
Operating Margin	-10.82%	-11.73%	-60.60%	-16.08%	-12.63%
Profit Margin	-12.86%	-19.33%	-49.87%	-17.13%	-11.56%
Free Cash Flow Margin	-7.01%	4.20%	4.42%	-12.70%	13.60%
EBITDA	-13.78	-9.94	-244.89	-22.49	-5.72
EBITDA Margin	-2.75%	-2.25%	-50.70%	-4.48%	-1.05%
D&A For EBITDA	40.39	41.81	47.83	58.29	62.82
EBIT	-54.17	-51.74	-292.72	-80.77	-68.55
EBIT Margin	-10.82%	-11.73%	-60.60%	-16.08%	-12.63%
Revenue as Reported	535.21	441.13	483	502.38	542.67
Advertising Expenses	56.22	21.84	16.37	14.41	18.5

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