Forth Smart Service 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	2,174	2,181	2,026	2,213	2,670
Other Revenue	164.84	159.73	190.88	234.91	-
Revenue	2,339	2,340	2,217	2,448	2,670
Revenue Growth (YoY)	-0.06%	5.57%	-9.46%	-8.31%	-6.66%
Cost of Revenue	1,592	1,642	1,635	1,837	2,143
Gross Profit	747.23	698.67	581.62	611.21	526.99
Selling, General & Admin	349.13	298.47	308.32	298.5	281.29
Other Operating Expenses	-	-	-	-	-244.53
Operating Expenses	349.13	298.47	308.32	298.5	36.76
Operating Income	398.1	400.2	273.3	312.71	490.23
Interest Expense	-28.85	-17.7	-12.26	-11.4	-19.89
Interest & Investment Income	333.02	134.83	38.38	25.33	12.55
Earnings From Equity Investments	24.25	27.27	62.78	44.2	-
Pretax Income	726.52	544.6	362.19	370.85	482.88
Income Tax Expense	139.73	114.14	62.75	68.97	82.83
Earnings From Continuing Operations	586.79	430.46	299.44	301.88	400.05
Minority Interest in Earnings	-0.01	-0.01	0.01	0.01	0
Net Income	586.78	430.45	299.45	301.89	400.06
Net Income to Common	586.78	430.45	299.45	301.89	400.06
Net Income Growth	36.32%	43.74%	-0.81%	-24.54%	-13.79%
Shares Outstanding (Basic)	753	753	753	753	753
Shares Outstanding (Diluted)	753	753	753	753	753
Shares Change (YoY)	-	-	-	-	-0.91%
EPS (Basic)	0.78	0.57	0.40	0.40	0.53
EPS (Diluted)	0.78	0.57	0.40	0.40	0.53
EPS Growth	36.32%	43.75%	-0.81%	-24.54%	-13.00%
Free Cash Flow	348.01	-290.25	444	459.02	914.39
Free Cash Flow Per Share	0.46	-0.39	0.59	0.61	1.21
Dividend Per Share	0.380	0.230	0.360	0.360	0.460
Dividend Growth	65.22%	-36.11%	-	-21.74%	-23.33%
Gross Margin	31.95%	29.85%	26.24%	24.96%	19.73%
Operating Margin	17.02%	17.10%	12.33%	12.77%	18.36%
Profit Margin	25.09%	18.39%	13.51%	12.33%	14.98%
Free Cash Flow Margin	14.88%	-12.40%	20.03%	18.75%	34.24%
EBITDA	564.4	676.56	654.21	762.67	978.19
EBITDA Margin	24.13%	28.91%	29.51%	31.15%	36.63%
D&A For EBITDA	166.31	276.36	380.91	449.96	487.96
EBIT	398.1	400.2	273.3	312.71	490.23
EBIT Margin	17.02%	17.10%	12.33%	12.77%	18.36%
Effective Tax Rate	19.23%	20.96%	17.32%	18.60%	17.15%
Revenue as Reported	2,672	2,475	2,255	2,474	2,927

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