GMM Grammy 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	5,816	6,165	5,931	5,222	3,835
Other Revenue	-	-	-	-	52.18
Revenue	5,816	6,165	5,931	5,222	3,888
Revenue Growth (YoY)	-5.67%	3.94%	13.59%	34.31%	-22.74%
Cost of Revenue	3,709	3,651	3,633	3,180	2,176
Gross Profit	2,107	2,514	2,299	2,042	1,712
Selling, General & Admin	1,993	2,180	2,153	1,916	1,732
Other Operating Expenses	-76.62	-53.45	-48.47	-88.58	-
Operating Expenses	1,916	2,127	2,104	1,828	1,732
Operating Income	191.38	387.43	194.36	214.2	-20.57
Interest Expense	-84.2	-127.17	-121.18	-73.6	-60.03
Interest & Investment Income	9.49	24	11	11.45	5.2
Earnings From Equity Investments	63.63	120.31	122.74	175.1	270.83
EBT Excluding Unusual Items	180.3	404.57	206.93	327.14	195.43
Gain (Loss) on Sale of Investments	-40.84	-14.41	-243.36	-127.16	324.52
Asset Writedown	-53.59	-	-	-	-
Pretax Income	85.87	390.16	-36.43	199.98	519.96
Income Tax Expense	92.8	129.38	90.08	17.67	4.55
Earnings From Continuing Operations	-6.94	260.77	-126.52	182.31	515.41
Minority Interest in Earnings	-58.59	-76.67	-6.05	-15.9	-18.29
Net Income	-65.53	184.1	-132.57	166.41	497.12
Net Income to Common	-65.53	184.1	-132.57	166.41	497.12
Net Income Growth	-	-	-	-66.53%	-
Shares Outstanding (Basic)	819	837	829	832	815
Shares Outstanding (Diluted)	819	837	829	832	815
Shares Change (YoY)	-2.12%	1.00%	-0.42%	2.10%	-2.44%
EPS (Basic)	-0.08	0.22	-0.16	0.20	0.61
EPS (Diluted)	-0.08	0.22	-0.16	0.20	0.61
EPS Growth	-	-	-	-67.21%	-
Free Cash Flow	346.14	812.92	309.93	91.36	-127.97
Free Cash Flow Per Share	0.42	0.97	0.37	0.11	-0.16
Gross Margin	36.23%	40.78%	38.76%	39.10%	44.02%
Operating Margin	3.29%	6.28%	3.28%	4.10%	-0.53%
Profit Margin	-1.13%	2.99%	-2.23%	3.19%	12.79%
Free Cash Flow Margin	5.95%	13.18%	5.22%	1.75%	-3.29%
EBITDA	305.48	494.99	298.35	323.5	100.75
EBITDA Margin	5.25%	8.03%	5.03%	6.20%	2.59%
D&A For EBITDA	114.1	107.56	103.99	109.31	121.32
EBIT	191.38	387.43	194.36	214.2	-20.57
EBIT Margin	3.29%	6.28%	3.28%	4.10%	-0.53%
Effective Tax Rate	108.08%	33.16%	-	8.83%	0.88%
Revenue as Reported	5,898	6,237	5,988	5,320	4,215

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.