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 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	2,118	2,174	2,181	2,026	2,213	2,670
Other Revenue	172.82	164.84	159.73	190.88	234.91	-
Revenue	2,291	2,339	2,340	2,217	2,448	2,670
Revenue Growth (YoY)	-6.21%	-0.06%	5.57%	-9.46%	-8.31%	-6.66%
Cost of Revenue	1,529	1,592	1,642	1,635	1,837	2,143
Gross Profit	762.61	747.23	698.67	581.62	611.21	526.99
Selling, General & Admin	345.9	349.13	298.47	308.32	298.5	281.29
Other Operating Expenses	-	-	-	-	-	-244.53
Operating Expenses	383.77	349.13	298.47	308.32	298.5	36.76
Operating Income	378.84	398.1	400.2	273.3	312.71	490.23
Interest Expense	-29.54	-28.85	-17.7	-12.26	-11.4	-19.89
Interest & Investment Income	333.02	333.02	134.83	38.38	25.33	12.55
Earnings From Equity Investments	23.36	24.25	27.27	62.78	44.2	-
Pretax Income	705.68	726.52	544.6	362.19	370.85	482.88
Income Tax Expense	136.16	139.73	114.14	62.75	68.97	82.83
Earnings From Continuing Operations	569.52	586.79	430.46	299.44	301.88	400.05
Minority Interest in Earnings	-0.01	-0.01	-0.01	0.01	0.01	0
Net Income	569.51	586.78	430.45	299.45	301.89	400.06
Net Income to Common	569.51	586.78	430.45	299.45	301.89	400.06
Net Income Growth	16.29%	36.32%	43.74%	-0.81%	-24.54%	-13.79%
Shares Outstanding (Basic)	750	753	753	753	753	753
Shares Outstanding (Diluted)	750	753	753	753	753	753
Shares Change (YoY)	-0.72%	-	-	-	-	-0.91%
EPS (Basic)	0.76	0.78	0.57	0.40	0.40	0.53
EPS (Diluted)	0.76	0.78	0.57	0.40	0.40	0.53
EPS Growth	17.12%	36.32%	43.75%	-0.81%	-24.54%	-13.00%
Free Cash Flow	533.54	348.01	-290.25	444	459.02	914.39
Free Cash Flow Per Share	0.71	0.46	-0.39	0.59	0.61	1.21
Dividend Per Share	0.380	0.380	0.230	0.360	0.360	0.460
Dividend Growth	65.22%	65.22%	-36.11%	-	-21.74%	-23.33%
Gross Margin	33.28%	31.95%	29.85%	26.24%	24.96%	19.73%
Operating Margin	16.54%	17.02%	17.10%	12.33%	12.77%	18.36%
Profit Margin	24.86%	25.09%	18.39%	13.51%	12.33%	14.98%
Free Cash Flow Margin	23.29%	14.88%	-12.40%	20.03%	18.75%	34.24%
EBITDA	522.54	564.4	676.56	654.21	762.67	978.19
EBITDA Margin	22.81%	24.13%	28.91%	29.51%	31.15%	36.63%
D&A For EBITDA	143.7	166.31	276.36	380.91	449.96	487.96
EBIT	378.84	398.1	400.2	273.3	312.71	490.23
EBIT Margin	16.54%	17.02%	17.10%	12.33%	12.77%	18.36%
Effective Tax Rate	19.30%	19.23%	20.96%	17.32%	18.60%	17.15%
Revenue as Reported	2,624	2,672	2,475	2,255	2,474	2,927

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