M.C.S. Steel 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	5,185	5,607	5,777	3,988	6,907
Other Revenue	68.92	79.93	41.92	26.89	37.32
Revenue	5,254	5,687	5,819	4,015	6,944
Revenue Growth (YoY)	-7.61%	-2.27%	44.94%	-42.18%	62.09%
Cost of Revenue	3,532	4,030	4,724	3,055	3,968
Gross Profit	1,722	1,657	1,095	959.88	2,976
Selling, General & Admin	640.38	818.07	819.55	785.11	1,307
Operating Expenses	640.38	818.07	819.55	785.11	1,307
Operating Income	1,082	838.74	275.47	174.77	1,669
Interest Expense	-18.73	-21.15	-36.78	-10.73	-17.02
Currency Exchange Gain (Loss)	-54.86	-112.74	-85.37	27.46	-28.99
EBT Excluding Unusual Items	1,008	704.85	153.32	191.5	1,623
Pretax Income	1,008	704.85	153.32	191.5	1,623
Income Tax Expense	24.42	14.37	8.73	56.94	163.44
Earnings From Continuing Operations	983.51	690.48	144.6	134.56	1,459
Minority Interest in Earnings	-23.5	-11.87	20.01	-14.69	-43.56
Net Income	960.01	678.6	164.61	119.87	1,416
Net Income to Common	960.01	678.6	164.61	119.87	1,416
Net Income Growth	41.47%	312.25%	37.33%	-91.53%	48.39%
Shares Outstanding (Basic)	477	477	477	477	477
Shares Outstanding (Diluted)	477	477	477	477	477
EPS (Basic)	2.01	1.42	0.35	0.25	2.97
EPS (Diluted)	2.01	1.42	0.35	0.25	2.97
EPS Growth	41.47%	312.25%	37.33%	-91.53%	48.39%
Free Cash Flow	982.25	-148.87	62.49	-206.5	820.3
Free Cash Flow Per Share	2.06	-0.31	0.13	-0.43	1.72
Dividend Per Share	0.950	0.700	0.320	0.200	1.270
Dividend Growth	35.71%	118.75%	60.00%	-84.25%	27.00%
Gross Margin	32.77%	29.13%	18.82%	23.91%	42.85%
Operating Margin	20.58%	14.75%	4.73%	4.35%	24.03%
Profit Margin	18.27%	11.93%	2.83%	2.99%	20.39%
Free Cash Flow Margin	18.69%	-2.62%	1.07%	-5.14%	11.81%
EBITDA	1,245	982.71	414.58	308.64	1,797
EBITDA Margin	23.70%	17.28%	7.12%	7.69%	25.88%
D&A For EBITDA	163.68	143.97	139.11	133.87	128.21
EBIT	1,082	838.74	275.47	174.77	1,669
EBIT Margin	20.58%	14.75%	4.73%	4.35%	24.03%
Effective Tax Rate	2.42%	2.04%	5.69%	29.73%	10.07%
Revenue as Reported	5,254	5,687	5,819	4,042	6,944

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