Grand Canal Land PCL (BKK:GLAND)

Grand Canal Land 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	1,587	1,610	1,552	1,515	1,555	1,469
Other Revenue	18.93	15.68	10.01	24.39	12.81	15.94
Revenue	1,606	1,625	1,562	1,539	1,568	1,485
Revenue Growth (YoY)	-1.92%	4.04%	1.52%	-1.86%	5.63%	-17.13%
Cost of Revenue	380.74	419.92	408.84	383.65	328.35	309.02
Gross Profit	1,225	1,205	1,154	1,155	1,240	1,175
Selling, General & Admin	312.54	326.97	305.69	298.35	307.39	245.83
Operating Expenses	312.1	326.52	305.96	293.35	310.46	246.09
Operating Income	912.84	878.98	847.55	861.98	929.34	929.4
Interest Expense	-196.19	-230.42	-209.98	-140.64	-156.9	-198.94
Interest & Investment Income	116.05	120.56	100.95	76.49	84.8	104.32
Earnings From Equity Investments	7.56	1.62	1.32	0.79	6.01	206.15
EBT Excluding Unusual Items	839.76	770.74	739.83	798.63	863.25	1,041
Asset Writedown	-161.37	-161.89	-160.34	152.37	-66.23	-94.41
Pretax Income	678.38	608.85	579.49	951	797.02	946.52
Income Tax Expense	160.09	152.89	144.82	197.15	170.32	206.83
Earnings From Continuing Operations	518.3	455.96	434.67	753.84	626.7	739.69
Minority Interest in Earnings	-46.01	-34.96	-16.7	-40.13	-52.88	-23.74
Net Income	472.29	420.99	417.97	713.71	573.82	715.95
Net Income to Common	472.29	420.99	417.97	713.71	573.82	715.95
Net Income Growth	2.90%	0.73%	-41.44%	24.38%	-19.85%	-42.90%
Shares Outstanding (Basic)	6,492	6,500	6,500	6,500	6,500	6,500
Shares Outstanding (Diluted)	6,492	6,500	6,500	6,500	6,500	6,500
Shares Change (YoY)	-0.71%	-	-	-	-	-
EPS (Basic)	0.07	0.06	0.06	0.11	0.09	0.11
EPS (Diluted)	0.07	0.06	0.06	0.11	0.09	0.11
EPS Growth	3.64%	0.73%	-41.44%	24.38%	-19.85%	-42.90%
Free Cash Flow	764.27	680.13	587.81	452.27	580.3	620.73
Free Cash Flow Per Share	0.12	0.10	0.09	0.07	0.09	0.10
Dividend Per Share	0.025	0.025	0.025	-	-	-
Gross Margin	76.29%	74.17%	73.83%	75.07%	79.06%	79.18%
Operating Margin	56.85%	54.08%	54.25%	56.01%	59.26%	62.61%
Profit Margin	29.41%	25.90%	26.75%	46.38%	36.59%	48.23%
Free Cash Flow Margin	47.60%	41.84%	37.62%	29.39%	37.00%	41.81%
EBITDA	921.72	888.6	857.61	872.13	939.23	939.61
EBITDA Margin	57.40%	54.67%	54.89%	56.67%	59.89%	63.29%
D&A For EBITDA	8.87	9.62	10.06	10.15	9.88	10.21
EBIT	912.84	878.98	847.55	861.98	929.34	929.4
EBIT Margin	56.85%	54.08%	54.25%	56.01%	59.26%	62.61%
Effective Tax Rate	23.60%	25.11%	24.99%	20.73%	21.37%	21.85%
Revenue as Reported	1,722	1,746	1,663	1,768	1,653	1,589
Advertising Expenses	-	28	23	22	23	14

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