Forth Corporation 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	11,014	8,767	9,492	9,431	8,513
Other Revenue	593.86	382.08	328.45	323.41	299.72
Revenue	11,608	9,149	9,820	9,754	8,813
Revenue Growth (YoY)	26.87%	-6.83%	0.67%	10.69%	24.43%
Cost of Revenue	8,479	6,903	7,236	7,141	6,637
Gross Profit	3,129	2,246	2,584	2,613	2,176
Selling, General & Admin	1,517	1,442	1,415	1,271	1,051
Operating Expenses	1,517	1,442	1,415	1,271	1,051
Operating Income	1,612	804.69	1,169	1,342	1,125
Interest Expense	-193.38	-203.6	-189.02	-101.56	-76.69
Earnings From Equity Investments	8.15	3.85	-3.42	15.95	39.11
EBT Excluding Unusual Items	1,427	604.94	976.81	1,257	1,087
Pretax Income	1,427	604.94	976.81	1,257	1,087
Income Tax Expense	326.51	156.6	170.36	231.4	191.86
Earnings From Continuing Operations	1,100	448.35	806.45	1,025	895.4
Minority Interest in Earnings	-276.62	-227.05	-233.89	-250.31	-172.63
Net Income	823.7	221.3	572.56	774.9	722.76
Net Income to Common	823.7	221.3	572.56	774.9	722.76
Net Income Growth	272.21%	-61.35%	-26.11%	7.21%	64.70%
Shares Outstanding (Basic)	935	935	935	935	935
Shares Outstanding (Diluted)	935	935	935	935	935
Shares Change (YoY)	-	-	-	-	-0.19%
EPS (Basic)	0.88	0.24	0.61	0.83	0.77
EPS (Diluted)	0.88	0.24	0.61	0.83	0.77
EPS Growth	272.21%	-61.35%	-26.11%	7.21%	65.01%
Free Cash Flow	1,086	-146.26	604.42	-721.93	422.87
Free Cash Flow Per Share	1.16	-0.16	0.65	-0.77	0.45
Dividend Per Share	0.210	0.150	0.470	0.520	0.450
Dividend Growth	40.00%	-68.08%	-9.62%	15.56%	40.63%
Gross Margin	26.96%	24.55%	26.31%	26.79%	24.69%
Operating Margin	13.89%	8.79%	11.91%	13.76%	12.76%
Profit Margin	7.10%	2.42%	5.83%	7.94%	8.20%
Free Cash Flow Margin	9.36%	-1.60%	6.16%	-7.40%	4.80%
EBITDA	2,210	1,462	1,738	1,813	1,592
EBITDA Margin	19.04%	15.98%	17.70%	18.59%	18.06%
D&A For EBITDA	597.53	657.49	569.04	470.9	466.98
EBIT	1,612	804.69	1,169	1,342	1,125
EBIT Margin	13.89%	8.79%	11.91%	13.76%	12.76%
Effective Tax Rate	22.88%	25.89%	17.44%	18.41%	17.65%
Revenue as Reported	11,608	9,149	9,820	9,754	8,813

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