Triple i Logistics PCL (BKK:III)

Triple i Logistics 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
Revenue	2,509	2,398	1,764	2,789	2,939	1,607
Revenue Growth (YoY)	15.88%	35.91%	-36.73%	-5.12%	82.86%	-40.74%
Cost of Revenue	2,041	1,978	1,383	2,177	2,412	1,273
Gross Profit	468.08	420.19	381.28	611.52	527.17	334.11
Selling, General & Admin	409.4	370.18	317.89	408.1	361.23	321.41
Operating Expenses	410.24	351.51	305.93	438.06	362.95	333.16
Operating Income	57.84	68.68	75.35	173.47	164.23	0.95
Interest Expense	-31.21	-33.39	-33.41	-33.66	-28.03	-31.43
Interest & Investment Income	3.41	3.41	3.03	1.18	1.2	0.8
Earnings From Equity Investments	363.71	408.37	518.13	623.95	213	135.43
Other Non Operating Income (Expenses)	15.9	6.39	3.56	8.55	24.26	11.4
EBT Excluding Unusual Items	409.65	453.46	566.65	773.48	374.65	117.15
Merger & Restructuring Charges	-	-	-	83.3	52.08	-
Gain (Loss) on Sale of Investments	0.03	0.03	305.86	-	-	-
Gain (Loss) on Sale of Assets	0.95	0.95	0.29	1.66	2.04	43.98
Pretax Income	410.63	454.44	872.8	858.45	428.77	161.13
Income Tax Expense	3.53	13.04	6.58	62.79	61.81	12.71
Earnings From Continuing Operations	407.1	441.41	866.22	795.66	366.95	148.42
Minority Interest in Earnings	-	-	-	-	-	14.07
Net Income	407.1	441.41	866.22	795.66	366.95	162.49
Net Income to Common	407.1	441.41	866.22	795.66	366.95	162.49
Net Income Growth	-43.60%	-49.04%	8.87%	116.83%	125.83%	-1.23%
Shares Outstanding (Basic)	776	783	778	637	607	595
Shares Outstanding (Diluted)	776	783	821	710	670	595
Shares Change (YoY)	-2.56%	-4.68%	15.72%	5.95%	12.63%	-2.27%
EPS (Basic)	0.52	0.56	1.11	1.25	0.60	0.27
EPS (Diluted)	0.52	0.56	1.05	1.12	0.55	0.27
EPS Growth	-42.13%	-46.54%	-5.92%	104.67%	100.51%	1.04%
Free Cash Flow	139.16	126.1	82.76	332.5	92.91	46.09
Free Cash Flow Per Share	0.18	0.16	0.10	0.47	0.14	0.08
Dividend Per Share	0.300	0.320	0.380	0.550	0.400	0.100
Dividend Growth	-	-15.79%	-30.91%	37.50%	300.00%	-33.33%
Gross Margin	18.66%	17.52%	21.61%	21.93%	17.94%	20.79%
Operating Margin	2.31%	2.86%	4.27%	6.22%	5.59%	0.06%
Profit Margin	16.23%	18.41%	49.09%	28.53%	12.48%	10.11%
Free Cash Flow Margin	5.55%	5.26%	4.69%	11.92%	3.16%	2.87%
EBITDA	83.99	94.95	101.53	205.53	194.98	31.26
EBITDA Margin	3.35%	3.96%	5.75%	7.37%	6.63%	1.94%
D&A For EBITDA	26.15	26.27	26.18	32.06	30.75	30.31
EBIT	57.84	68.68	75.35	173.47	164.23	0.95
EBIT Margin	2.31%	2.86%	4.27%	6.22%	5.59%	0.06%
Effective Tax Rate	0.86%	2.87%	0.75%	7.31%	14.42%	7.89%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.