Forth Smart Service PCL (BKK:FSMART)

Forth Smart Service 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	2,226	2,181	2,026	2,213	2,670	2,861
Other Revenue	323.77	159.73	190.88	234.91	-	-
Revenue	2,550	2,340	2,217	2,448	2,670	2,861
Revenue Growth (YoY)	7.46%	5.57%	-9.46%	-8.31%	-6.66%	-9.12%
Cost of Revenue	1,630	1,629	1,635	1,837	2,143	2,316
Gross Profit	920.11	711.06	581.62	611.21	526.99	545.16
Selling, General & Admin	338.47	310.85	308.32	298.5	281.29	263.68
Other Operating Expenses	-	-	-	-	-244.53	-250.66
Operating Expenses	338.47	310.85	308.32	298.5	36.76	13.02
Operating Income	581.64	400.2	273.3	312.71	490.23	532.15
Interest Expense	-27.91	-17.7	-12.26	-11.4	-19.89	-31.1
Interest & Investment Income	134.83	134.83	38.38	25.33	12.55	11.66
Earnings From Equity Investments	23.53	27.27	62.78	44.2	-	-
Pretax Income	712.1	544.6	362.19	370.85	482.88	512.71
Income Tax Expense	143.62	114.14	62.75	68.97	82.83	49.2
Earnings From Continuing Operations	568.48	430.46	299.44	301.88	400.05	463.51
Minority Interest in Earnings	-0.02	-0.01	0.01	0.01	0	0.55
Net Income	568.46	430.45	299.45	301.89	400.06	464.06
Net Income to Common	568.46	430.45	299.45	301.89	400.06	464.06
Net Income Growth	46.38%	43.74%	-0.81%	-24.54%	-13.79%	-20.57%
Shares Outstanding (Basic)	756	753	753	753	753	760
Shares Outstanding (Diluted)	756	753	753	753	753	760
Shares Change (YoY)	0.05%	-	-	-	-0.91%	-2.56%
EPS (Basic)	0.75	0.57	0.40	0.40	0.53	0.61
EPS (Diluted)	0.75	0.57	0.40	0.40	0.53	0.61
EPS Growth	46.32%	43.75%	-0.81%	-24.54%	-13.00%	-18.48%
Free Cash Flow	177.49	-289.93	444	459.02	914.39	978.94
Free Cash Flow Per Share	0.23	-0.39	0.59	0.61	1.21	1.29
Dividend Per Share	0.230	0.230	0.360	0.360	0.460	0.600
Dividend Growth	27.78%	-36.11%	-	-21.74%	-23.33%	-9.09%
Gross Margin	36.08%	30.38%	26.24%	24.96%	19.73%	19.05%
Operating Margin	22.81%	17.10%	12.33%	12.77%	18.36%	18.60%
Profit Margin	22.29%	18.39%	13.51%	12.33%	14.98%	16.22%
Free Cash Flow Margin	6.96%	-12.39%	20.03%	18.75%	34.24%	34.22%
EBITDA	777.04	676.56	654.21	762.67	978.19	1,042
EBITDA Margin	30.47%	28.91%	29.51%	31.15%	36.63%	36.41%
D&A For EBITDA	195.4	276.36	380.91	449.96	487.96	509.59
EBIT	581.64	400.2	273.3	312.71	490.23	532.15
EBIT Margin	22.81%	17.10%	12.33%	12.77%	18.36%	18.60%
Effective Tax Rate	20.17%	20.96%	17.32%	18.60%	17.15%	9.60%
Revenue as Reported	2,685	2,475	2,255	2,474	2,927	3,123

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