J.R.W. Utility 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	1,910	1,558	1,945	1,886	2,147
Other Revenue	27.91	44.17	16.9	5.44	3.3
Revenue	1,938	1,602	1,962	1,891	2,150
Revenue Growth (YoY)	20.96%	-18.31%	3.73%	-12.05%	67.76%
Cost of Revenue	1,697	1,402	1,792	1,618	1,805
Gross Profit	241	199.97	169.5	272.88	345.41
Selling, General & Admin	105.82	117.15	93.24	85.61	79.53
Operating Expenses	105.82	117.15	93.24	85.61	79.53
Operating Income	135.18	82.82	76.27	187.28	265.88
Interest Expense	-10.45	-5.91	-6.55	-1.88	-0.18
Interest & Investment Income	-	6.66	6.47	1.44	5.7
Other Non Operating Income (Expenses)	5.01	-	-	-	-
EBT Excluding Unusual Items	129.73	83.57	76.19	186.83	271.4
Pretax Income	129.73	83.57	76.19	186.83	271.4
Income Tax Expense	30.24	17.32	14.41	37.36	54.36
Net Income	99.5	66.25	61.78	149.47	217.04
Net Income to Common	99.5	66.25	61.78	149.47	217.04
Net Income Growth	50.19%	7.23%	-58.67%	-31.13%	146.16%
Shares Outstanding (Basic)	765	760	760	760	760
Shares Outstanding (Diluted)	765	760	760	760	760
Shares Change (YoY)	0.70%	-	-	-	43.26%
EPS (Basic)	0.13	0.09	0.08	0.20	0.29
EPS (Diluted)	0.13	0.09	0.08	0.20	0.29
EPS Growth	49.14%	7.23%	-58.67%	-31.13%	71.82%
Free Cash Flow	9.15	-21.26	548.38	-718.09	-571.57
Free Cash Flow Per Share	0.01	-0.03	0.72	-0.94	-0.75
Dividend Per Share	-	0.040	0.040	0.090	0.140
Dividend Growth	-	-	-55.56%	-35.71%	133.33%
Gross Margin	12.43%	12.48%	8.64%	14.43%	16.06%
Operating Margin	6.97%	5.17%	3.89%	9.90%	12.37%
Profit Margin	5.13%	4.13%	3.15%	7.90%	10.09%
Free Cash Flow Margin	0.47%	-1.33%	27.95%	-37.97%	-26.58%
EBITDA	145.94	91.82	83.85	193.02	270.67
EBITDA Margin	7.53%	5.73%	4.27%	10.21%	12.59%
D&A For EBITDA	10.76	9	7.58	5.75	4.79
EBIT	135.18	82.82	76.27	187.28	265.88
EBIT Margin	6.97%	5.17%	3.89%	9.90%	12.37%
Effective Tax Rate	23.31%	20.73%	18.91%	20.00%	20.03%
Revenue as Reported	1,938	1,602	1,962	1,891	2,150

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