Infraset 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	1,144	1,944	1,632	1,311	1,315
Other Revenue	23.09	29.97	26.03	4.86	-
Revenue	1,167	1,974	1,658	1,316	1,315
Revenue Growth (YoY)	-40.88%	19.07%	26.03%	0.02%	-12.37%
Cost of Revenue	1,047	1,772	1,445	1,129	1,039
Gross Profit	119.75	201.85	212.52	186.41	276.08
Selling, General & Admin	67.75	81.49	65.39	53.74	63.27
Other Operating Expenses	-	-	-	-	-1.19
Operating Expenses	67.75	81.49	65.39	53.74	62.08
Operating Income	52	120.36	147.13	132.68	214
Interest Expense	-6.64	-8.4	-8.14	-0.53	-0.84
Earnings From Equity Investments	-0.44	-0.17	-	-	-
EBT Excluding Unusual Items	44.92	111.78	138.98	132.15	213.16
Pretax Income	44.92	111.78	138.98	132.15	213.16
Income Tax Expense	9.64	22.86	29.83	26.62	42.62
Net Income	35.28	88.92	109.16	105.53	170.54
Net Income to Common	35.28	88.92	109.16	105.53	170.54
Net Income Growth	-60.32%	-18.54%	3.44%	-38.12%	25.87%
Shares Outstanding (Basic)	812	813	767	708	616
Shares Outstanding (Diluted)	812	813	767	807	827
Shares Change (YoY)	-0.07%	5.98%	-4.94%	-2.42%	34.22%
EPS (Basic)	0.04	0.11	0.14	0.15	0.28
EPS (Diluted)	0.04	0.11	0.14	0.13	0.21
EPS Growth	-60.30%	-21.86%	7.69%	-38.09%	5.00%
Free Cash Flow	266.74	-586.82	301.91	-415.49	276.19
Free Cash Flow Per Share	0.33	-0.72	0.39	-0.52	0.33
Dividend Per Share	0.040	0.080	0.090	0.090	0.170
Dividend Growth	-50.00%	-11.11%	-	-47.06%	57.12%
Gross Margin	10.26%	10.22%	12.82%	14.17%	20.99%
Operating Margin	4.46%	6.10%	8.87%	10.09%	16.27%
Profit Margin	3.02%	4.50%	6.58%	8.02%	12.97%
Free Cash Flow Margin	22.86%	-29.73%	18.21%	-31.58%	21.00%
EBITDA	60.65	128.2	153.86	139.23	220.47
EBITDA Margin	5.20%	6.49%	9.28%	10.58%	16.76%
D&A For EBITDA	8.65	7.84	6.73	6.55	6.47
EBIT	52	120.36	147.13	132.68	214
EBIT Margin	4.46%	6.10%	8.87%	10.09%	16.27%
Effective Tax Rate	21.46%	20.45%	21.46%	20.14%	19.99%
Revenue as Reported	1,167	1,974	1,658	1,316	-

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