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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,552	2,478	2,398	1,764	2,789	2,939
Revenue Growth (YoY)	5.01%	3.33%	35.91%	-36.73%	-5.12%	82.86%
Cost of Revenue	2,080	2,017	1,978	1,383	2,177	2,412
Gross Profit	471.6	460.96	420.19	381.28	611.52	527.17
Selling, General & Admin	403.84	397.17	370.18	317.89	408.1	361.23
Operating Expenses	406.79	397.59	351.51	305.93	438.06	362.95
Operating Income	64.81	63.37	68.68	75.35	173.47	164.23
Interest Expense	-28.14	-29.06	-33.39	-33.41	-33.66	-28.03
Interest & Investment Income	0.57	0.57	3.41	3.03	1.18	1.2
Earnings From Equity Investments	339.07	354.45	403.25	518.13	623.95	213
Other Non Operating Income (Expenses)	9.11	9.46	6.39	3.56	8.55	24.26
EBT Excluding Unusual Items	385.42	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	2.31	0.95	0.29	1.66	2.04
Pretax Income	387.73	401.1	449.33	872.8	858.45	428.77
Income Tax Expense	7.72	7.51	13.04	6.58	62.79	61.81
Earnings From Continuing Operations	380.01	393.59	436.29	866.22	795.66	366.95
Net Income	380.01	393.59	436.29	866.22	795.66	366.95
Net Income to Common	380.01	393.59	436.29	866.22	795.66	366.95
Net Income Growth	-11.38%	-9.79%	-49.63%	8.87%	116.83%	125.83%
Shares Outstanding (Basic)	771	773	783	778	637	607
Shares Outstanding (Diluted)	771	773	783	821	710	670
Shares Change (YoY)	-1.42%	-1.29%	-4.68%	15.72%	5.95%	12.63%
EPS (Basic)	0.49	0.51	0.56	1.11	1.25	0.60
EPS (Diluted)	0.49	0.51	0.56	1.05	1.12	0.55
EPS Growth	-10.11%	-8.61%	-47.16%	-5.92%	104.67%	100.51%
Free Cash Flow	194.56	143.29	126.1	82.76	332.5	92.91
Free Cash Flow Per Share	0.25	0.18	0.16	0.10	0.47	0.14
Dividend Per Share	0.250	0.250	0.320	0.380	0.550	0.400
Dividend Growth	-21.88%	-21.88%	-15.79%	-30.91%	37.50%	300.00%
Gross Margin	18.48%	18.60%	17.52%	21.61%	21.93%	17.94%
Operating Margin	2.54%	2.56%	2.86%	4.27%	6.22%	5.59%
Profit Margin	14.89%	15.88%	18.19%	49.09%	28.53%	12.48%
Free Cash Flow Margin	7.63%	5.78%	5.26%	4.69%	11.92%	3.16%
EBITDA	89.98	89.18	94.94	101.53	205.53	194.98
EBITDA Margin	3.53%	3.60%	3.96%	5.75%	7.37%	6.63%
D&A For EBITDA	25.18	25.81	26.27	26.18	32.06	30.75
EBIT	64.81	63.37	68.68	75.35	173.47	164.23
EBIT Margin	2.54%	2.56%	2.86%	4.27%	6.22%	5.59%
Effective Tax Rate	1.99%	1.87%	2.90%	0.75%	7.31%	14.42%

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