L.P.N. Development 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	6,717	7,992	7,407	10,276	5,570
Other Revenue	12.88	9.69	6.26	3.94	1.25
Revenue	6,730	8,002	7,413	10,280	5,571
Revenue Growth (YoY)	-15.89%	7.95%	-27.89%	84.51%	-24.85%
Cost of Revenue	5,393	6,489	5,777	8,023	4,189
Gross Profit	1,337	1,513	1,636	2,257	1,382
Selling, General & Admin	1,081	1,121	1,120	1,268	829.55
Other Operating Expenses	-24.7	-	-	-	-
Operating Expenses	1,032	1,166	1,120	1,268	829.55
Operating Income	304.6	347.11	515.17	988.95	552.4
Interest Expense	-171.55	-86.12	-53.06	-190.88	-189.31
Interest & Investment Income	4	9.52	18.81	13.66	10.78
Earnings From Equity Investments	-54.95	-52.82	-0.89	-1.74	-4.75
Other Non Operating Income (Expenses)	-	-	10.96	7.41	12.84
EBT Excluding Unusual Items	82.11	217.68	490.99	817.41	381.97
Impairment of Goodwill	-7.49	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	1.38	0.56	3.19
Pretax Income	74.62	217.68	492.37	817.97	385.16
Income Tax Expense	37.65	97.44	130.73	205.81	82.8
Earnings From Continuing Operations	36.97	120.23	361.64	612.16	302.36
Minority Interest in Earnings	-8.38	-9.68	-8.98	-0.02	-0.02
Net Income	28.59	110.55	352.66	612.14	302.34
Net Income to Common	28.59	110.55	352.66	612.14	302.34
Net Income Growth	-74.14%	-68.65%	-42.39%	102.47%	-57.79%
Shares Outstanding (Basic)	1,419	1,454	1,454	1,454	1,454
Shares Outstanding (Diluted)	1,419	1,454	1,454	1,454	1,454
Shares Change (YoY)	-2.42%	-	-	-	-
EPS (Basic)	0.02	0.08	0.24	0.42	0.21
EPS (Diluted)	0.02	0.08	0.24	0.42	0.21
EPS Growth	-73.50%	-68.65%	-42.39%	102.47%	-57.79%
Free Cash Flow	1,104	2,465	-1,653	305.9	-513.61
Free Cash Flow Per Share	0.78	1.70	-1.14	0.21	-0.35
Dividend Per Share	0.100	0.100	0.130	0.220	0.150
Dividend Growth	-	-23.08%	-40.91%	46.67%	-89.29%
Gross Margin	19.86%	18.91%	22.07%	21.95%	24.80%
Operating Margin	4.53%	4.34%	6.95%	9.62%	9.92%
Profit Margin	0.43%	1.38%	4.76%	5.96%	5.43%
Free Cash Flow Margin	16.40%	30.81%	-22.29%	2.98%	-9.22%
EBITDA	398.82	452.74	619.94	1,086	648.84
EBITDA Margin	5.93%	5.66%	8.36%	10.57%	11.65%
D&A For EBITDA	94.23	105.63	104.78	97.3	96.45
EBIT	304.6	347.11	515.17	988.95	552.4
EBIT Margin	4.53%	4.34%	6.95%	9.62%	9.92%
Effective Tax Rate	50.46%	44.77%	26.55%	25.16%	21.50%

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