Glory Forever 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
Revenue	128.53	134.5	86.18	133.02	91.14
Revenue Growth (YoY)	-4.44%	56.06%	-35.21%	45.96%	16.21%
Cost of Revenue	93.18	98.55	59.92	64.24	40.25
Gross Profit	35.35	35.95	26.26	68.78	50.89
Selling, General & Admin	50.22	72.21	54.13	34.35	34.55
Other Operating Expenses	-2.55	-2.95	-1.7	-4	-2.29
Operating Expenses	47.67	69.26	52.44	30.35	32.27
Operating Income	-12.32	-33.31	-26.17	38.43	18.62
Interest Expense	-0.02	-	-	-	-
Interest & Investment Income	0.53	1.06	1.5	1.1	-
Earnings From Equity Investments	-	-6.84	-7.12	-3	-
EBT Excluding Unusual Items	-11.81	-39.09	-31.79	36.53	18.62
Gain (Loss) on Sale of Investments	-	-3.83	-16.1	-	-
Asset Writedown	-18.64	-9.2	-0.78	-	-
Pretax Income	-30.45	-52.12	-48.66	36.53	18.62
Income Tax Expense	1.47	11.48	-8.35	7.57	3.54
Earnings From Continuing Operations	-31.92	-63.6	-40.31	28.96	15.08
Minority Interest in Earnings	-4.84	-4.2	-0.3	-	-
Net Income	-36.76	-67.8	-40.61	28.96	15.08
Net Income to Common	-36.76	-67.8	-40.61	28.96	15.08
Net Income Growth	-	-	-	92.07%	7.82%
Shares Outstanding (Basic)	270	270	270	270	214
Shares Outstanding (Diluted)	270	270	270	372	214
Shares Change (YoY)	-	0.16%	-27.40%	73.67%	164.31%
EPS (Basic)	-0.14	-0.25	-0.15	0.11	0.07
EPS (Diluted)	-0.14	-0.25	-0.15	0.08	0.07
EPS Growth	-	-	-	14.29%	-59.44%
Free Cash Flow	6.94	-13.79	-8.56	46.06	26.59
Free Cash Flow Per Share	0.03	-0.05	-0.03	0.12	0.12
Dividend Per Share	-	-	-	0.060	0.020
Dividend Growth	-	-	-	200.00%	-
Gross Margin	27.50%	26.73%	30.47%	51.71%	55.84%
Operating Margin	-9.59%	-24.77%	-30.37%	28.89%	20.43%
Profit Margin	-28.60%	-50.41%	-47.12%	21.77%	16.55%
Free Cash Flow Margin	5.40%	-10.26%	-9.94%	34.63%	29.18%
EBITDA	23.8	-2.35	-0.97	58.85	32.96
EBITDA Margin	18.52%	-1.75%	-1.12%	44.24%	36.16%
D&A For EBITDA	36.12	30.96	25.2	20.42	14.34
EBIT	-12.32	-33.31	-26.17	38.43	18.62
EBIT Margin	-9.59%	-24.77%	-30.37%	28.89%	20.43%
Effective Tax Rate	-	-	-	20.72%	19.02%
Advertising Expenses	6.87	28.97	19.67	5.85	-

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