Triple i Logistics 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	2,478	2,398	1,764	2,789	2,939
Revenue Growth (YoY)	3.33%	35.91%	-36.73%	-5.12%	82.86%
Cost of Revenue	2,017	1,978	1,383	2,177	2,412
Gross Profit	460.96	420.19	381.28	611.52	527.17
Selling, General & Admin	397.17	370.18	317.89	408.1	361.23
Operating Expenses	397.59	351.51	305.93	438.06	362.95
Operating Income	63.37	68.68	75.35	173.47	164.23
Interest Expense	-29.06	-33.39	-33.41	-33.66	-28.03
Interest & Investment Income	0.57	3.41	3.03	1.18	1.2
Earnings From Equity Investments	354.45	403.25	518.13	623.95	213
Other Non Operating Income (Expenses)	9.46	6.39	3.56	8.55	24.26
EBT Excluding Unusual Items	398.79	448.35	566.65	773.48	374.65
Merger & Restructuring Charges	-	-	-	83.3	52.08
Gain (Loss) on Sale of Investments	-	0.03	305.86	-	-
Gain (Loss) on Sale of Assets	2.31	0.95	0.29	1.66	2.04
Pretax Income	401.1	449.33	872.8	858.45	428.77
Income Tax Expense	7.51	13.04	6.58	62.79	61.81
Earnings From Continuing Operations	393.59	436.29	866.22	795.66	366.95
Net Income	393.59	436.29	866.22	795.66	366.95
Net Income to Common	393.59	436.29	866.22	795.66	366.95
Net Income Growth	-9.79%	-49.63%	8.87%	116.83%	125.83%
Shares Outstanding (Basic)	773	783	778	637	607
Shares Outstanding (Diluted)	773	783	821	710	670
Shares Change (YoY)	-1.29%	-4.68%	15.72%	5.95%	12.63%
EPS (Basic)	0.51	0.56	1.11	1.25	0.60
EPS (Diluted)	0.51	0.56	1.05	1.12	0.55
EPS Growth	-8.61%	-47.16%	-5.92%	104.67%	100.51%
Free Cash Flow	143.29	126.1	82.76	332.5	92.91
Free Cash Flow Per Share	0.18	0.16	0.10	0.47	0.14
Dividend Per Share	0.250	0.320	0.380	0.550	0.400
Dividend Growth	-21.88%	-15.79%	-30.91%	37.50%	300.00%
Gross Margin	18.60%	17.52%	21.61%	21.93%	17.94%
Operating Margin	2.56%	2.86%	4.27%	6.22%	5.59%
Profit Margin	15.88%	18.19%	49.09%	28.53%	12.48%
Free Cash Flow Margin	5.78%	5.26%	4.69%	11.92%	3.16%
EBITDA	89.18	94.94	101.53	205.53	194.98
EBITDA Margin	3.60%	3.96%	5.75%	7.37%	6.63%
D&A For EBITDA	25.81	26.27	26.18	32.06	30.75
EBIT	63.37	68.68	75.35	173.47	164.23
EBIT Margin	2.56%	2.86%	4.27%	6.22%	5.59%
Effective Tax Rate	1.87%	2.90%	0.75%	7.31%	14.42%

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