Forth Corporation PCL (BKK:FORTH)

Forth Corporation PCL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,411	8,767	9,492	9,431	8,513	6,792
Other Revenue	557.66	382.08	328.45	323.41	299.72	291.05
Revenue	10,969	9,149	9,820	9,754	8,813	7,083
Revenue Growth (YoY)	22.42%	-6.83%	0.67%	10.69%	24.43%	4.10%
Cost of Revenue	8,137	6,891	7,236	7,141	6,637	5,261
Gross Profit	2,832	2,259	2,584	2,613	2,176	1,822
Selling, General & Admin	1,482	1,454	1,415	1,271	1,051	978.17
Operating Expenses	1,482	1,454	1,415	1,271	1,051	978.17
Operating Income	1,350	804.69	1,169	1,342	1,125	843.78
Interest Expense	-198.43	-203.6	-189.02	-101.56	-76.69	-86.84
Earnings From Equity Investments	7.66	3.85	-3.42	15.95	39.11	-12.32
EBT Excluding Unusual Items	1,159	604.94	976.81	1,257	1,087	744.62
Pretax Income	1,159	604.94	976.81	1,257	1,087	744.62
Income Tax Expense	294.5	156.6	170.36	231.4	191.86	98.74
Earnings From Continuing Operations	864.41	448.35	806.45	1,025	895.4	645.87
Minority Interest in Earnings	-257.64	-227.05	-233.89	-250.31	-172.63	-207.04
Net Income	606.77	221.3	572.56	774.9	722.76	438.84
Net Income to Common	606.77	221.3	572.56	774.9	722.76	438.84
Net Income Growth	167.24%	-61.35%	-26.11%	7.21%	64.70%	32.44%
Shares Outstanding (Basic)	935	935	935	935	935	937
Shares Outstanding (Diluted)	935	935	935	935	935	937
Shares Change (YoY)	-	-	-	-	-0.19%	-2.20%
EPS (Basic)	0.65	0.24	0.61	0.83	0.77	0.47
EPS (Diluted)	0.65	0.24	0.61	0.83	0.77	0.47
EPS Growth	167.24%	-61.35%	-26.11%	7.21%	65.01%	35.41%
Free Cash Flow	-90.89	-140.34	604.42	-721.93	422.87	1,020
Free Cash Flow Per Share	-0.10	-0.15	0.65	-0.77	0.45	1.09
Dividend Per Share	-	0.150	0.470	0.520	0.450	0.320
Dividend Growth	-	-68.08%	-9.62%	15.56%	40.63%	-23.81%
Gross Margin	25.82%	24.69%	26.31%	26.79%	24.69%	25.72%
Operating Margin	12.31%	8.79%	11.91%	13.76%	12.76%	11.91%
Profit Margin	5.53%	2.42%	5.83%	7.94%	8.20%	6.20%
Free Cash Flow Margin	-0.83%	-1.53%	6.16%	-7.40%	4.80%	14.40%
EBITDA	1,983	1,462	1,738	1,813	1,592	1,323
EBITDA Margin	18.07%	15.98%	17.70%	18.59%	18.06%	18.68%
D&A For EBITDA	632.9	657.49	569.04	470.9	466.98	479.13
EBIT	1,350	804.69	1,169	1,342	1,125	843.78
EBIT Margin	12.31%	8.79%	11.91%	13.76%	12.76%	11.91%
Effective Tax Rate	25.41%	25.89%	17.44%	18.41%	17.65%	13.26%
Revenue as Reported	10,969	9,149	9,820	9,754	8,813	7,083

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