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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,931	1,910	1,558	1,945	1,886	2,147
Other Revenue	23.01	27.91	44.17	16.9	5.44	3.3
Revenue	1,954	1,938	1,602	1,962	1,891	2,150
Revenue Growth (YoY)	26.16%	20.96%	-18.31%	3.73%	-12.05%	67.76%
Cost of Revenue	1,719	1,697	1,402	1,792	1,618	1,805
Gross Profit	234.45	241	199.97	169.5	272.88	345.41
Selling, General & Admin	102.39	105.82	117.15	93.24	85.61	79.53
Operating Expenses	102.39	105.82	117.15	93.24	85.61	79.53
Operating Income	132.06	135.18	82.82	76.27	187.28	265.88
Interest Expense	-10.08	-10.45	-5.91	-6.55	-1.88	-0.18
Interest & Investment Income	5.01	5.01	6.66	6.47	1.44	5.7
EBT Excluding Unusual Items	126.51	129.73	83.57	76.19	186.83	271.4
Pretax Income	126.51	129.73	83.57	76.19	186.83	271.4
Income Tax Expense	30.25	30.24	17.32	14.41	37.36	54.36
Net Income	96.25	99.5	66.25	61.78	149.47	217.04
Net Income to Common	96.25	99.5	66.25	61.78	149.47	217.04
Net Income Growth	52.02%	50.19%	7.23%	-58.67%	-31.13%	146.16%
Shares Outstanding (Basic)	757	760	760	760	760	760
Shares Outstanding (Diluted)	757	760	760	760	760	760
Shares Change (YoY)	-0.60%	-	-	-	-	43.26%
EPS (Basic)	0.13	0.13	0.09	0.08	0.20	0.29
EPS (Diluted)	0.13	0.13	0.09	0.08	0.20	0.29
EPS Growth	52.94%	50.19%	7.23%	-58.67%	-31.13%	71.82%
Free Cash Flow	111.94	9.15	-21.26	548.38	-718.09	-571.57
Free Cash Flow Per Share	0.15	0.01	-0.03	0.72	-0.94	-0.75
Dividend Per Share	0.055	0.055	0.040	0.040	0.090	0.140
Dividend Growth	37.50%	37.50%	-	-55.56%	-35.71%	133.33%
Gross Margin	12.00%	12.43%	12.48%	8.64%	14.43%	16.06%
Operating Margin	6.76%	6.97%	5.17%	3.89%	9.90%	12.37%
Profit Margin	4.93%	5.13%	4.13%	3.15%	7.90%	10.09%
Free Cash Flow Margin	5.73%	0.47%	-1.33%	27.95%	-37.97%	-26.58%
EBITDA	139.7	143.24	91.82	83.85	193.02	270.67
EBITDA Margin	7.15%	7.39%	5.73%	4.27%	10.21%	12.59%
D&A For EBITDA	7.64	8.06	9	7.58	5.75	4.79
EBIT	132.06	135.18	82.82	76.27	187.28	265.88
EBIT Margin	6.76%	6.97%	5.17%	3.89%	9.90%	12.37%
Effective Tax Rate	23.91%	23.31%	20.73%	18.91%	20.00%	20.03%
Revenue as Reported	1,954	1,938	1,602	1,962	1,891	2,150

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