Forth Corporation PCL (BKK:FORTH)

Forth Corporation PCL Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	11,301	11,014	8,767	9,492	9,431	8,513
Other Revenue	616.65	593.86	382.08	328.45	323.41	299.72
Revenue	11,917	11,608	9,149	9,820	9,754	8,813
Revenue Growth (YoY)	27.55%	26.87%	-6.83%	0.67%	10.69%	24.43%
Cost of Revenue	8,653	8,479	6,903	7,236	7,141	6,637
Gross Profit	3,264	3,129	2,246	2,584	2,613	2,176
Selling, General & Admin	1,548	1,517	1,442	1,415	1,271	1,051
Operating Expenses	1,548	1,517	1,442	1,415	1,271	1,051
Operating Income	1,716	1,612	804.69	1,169	1,342	1,125
Interest Expense	-183.02	-193.38	-203.6	-189.02	-101.56	-76.69
Earnings From Equity Investments	10.43	8.15	3.85	-3.42	15.95	39.11
EBT Excluding Unusual Items	1,544	1,427	604.94	976.81	1,257	1,087
Pretax Income	1,544	1,427	604.94	976.81	1,257	1,087
Income Tax Expense	331.16	326.51	156.6	170.36	231.4	191.86
Earnings From Continuing Operations	1,213	1,100	448.35	806.45	1,025	895.4
Minority Interest in Earnings	-281.87	-276.62	-227.05	-233.89	-250.31	-172.63
Net Income	930.85	823.7	221.3	572.56	774.9	722.76
Net Income to Common	930.85	823.7	221.3	572.56	774.9	722.76
Net Income Growth	370.56%	272.21%	-61.35%	-26.11%	7.21%	64.70%
Shares Outstanding (Basic)	936	935	935	935	935	935
Shares Outstanding (Diluted)	936	935	935	935	935	935
Shares Change (YoY)	0.14%	-	-	-	-	-0.19%
EPS (Basic)	0.99	0.88	0.24	0.61	0.83	0.77
EPS (Diluted)	0.99	0.88	0.24	0.61	0.83	0.77
EPS Growth	369.88%	272.21%	-61.35%	-26.11%	7.21%	65.01%
Free Cash Flow	1,321	1,086	-146.26	604.42	-721.93	422.87
Free Cash Flow Per Share	1.41	1.16	-0.16	0.65	-0.77	0.45
Dividend Per Share	0.210	0.210	0.150	0.470	0.520	0.450
Dividend Growth	40.00%	40.00%	-68.08%	-9.62%	15.56%	40.63%
Gross Margin	27.39%	26.96%	24.55%	26.31%	26.79%	24.69%
Operating Margin	14.40%	13.89%	8.79%	11.91%	13.76%	12.76%
Profit Margin	7.81%	7.10%	2.42%	5.83%	7.94%	8.20%
Free Cash Flow Margin	11.08%	9.36%	-1.60%	6.16%	-7.40%	4.80%
EBITDA	2,302	2,210	1,462	1,738	1,813	1,592
EBITDA Margin	19.32%	19.04%	15.98%	17.70%	18.59%	18.06%
D&A For EBITDA	585.69	597.53	657.49	569.04	470.9	466.98
EBIT	1,716	1,612	804.69	1,169	1,342	1,125
EBIT Margin	14.40%	13.89%	8.79%	11.91%	13.76%	12.76%
Effective Tax Rate	21.45%	22.88%	25.89%	17.44%	18.41%	17.65%
Revenue as Reported	11,917	11,608	9,149	9,820	9,754	8,813

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