Medeze Group 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	743.65	829.21	701.81	595.7	443.76
Other Revenue	32.76	44.66	5.56	16.28	20.53
Revenue	776.41	873.87	707.37	611.98	464.29
Revenue Growth (YoY)	-11.15%	23.54%	15.59%	31.81%	14.01%
Cost of Revenue	196.32	180.94	151.59	128.65	126.05
Gross Profit	580.08	692.93	555.78	483.33	338.24
Selling, General & Admin	334.48	315.74	235.75	216.64	169.37
Research & Development	17.3	13.46	15.67	1.29	-
Other Operating Expenses	9.22	-	-	-	-
Operating Expenses	360.99	329.2	251.42	217.93	169.37
Operating Income	219.09	363.74	304.36	265.4	168.87
Interest Expense	-22	-18.42	-15.42	-15.59	-11.52
Interest & Investment Income	41.02	22.89	5.95	33.13	16.47
Other Non Operating Income (Expenses)	-0	-0	0	-0	-
EBT Excluding Unusual Items	238.11	368.21	294.89	282.95	173.83
Gain (Loss) on Sale of Investments	-9.23	0.46	-	-106.94	-28.28
Pretax Income	228.88	368.66	294.89	176.01	145.55
Income Tax Expense	32.49	29.92	55.32	28.82	24.19
Earnings From Continuing Operations	196.38	338.74	239.57	147.19	121.36
Minority Interest in Earnings	-	-	-	3.52	2.58
Net Income	196.38	338.74	239.57	150.71	123.94
Net Income to Common	196.38	338.74	239.57	150.71	123.94
Net Income Growth	-42.03%	41.40%	58.96%	21.59%	56.59%
Shares Outstanding (Basic)	1,068	862	548	450	406
Shares Outstanding (Diluted)	1,068	862	548	450	406
Shares Change (YoY)	23.86%	57.44%	21.70%	10.78%	34.54%
EPS (Basic)	0.18	0.39	0.44	0.33	0.31
EPS (Diluted)	0.18	0.39	0.44	0.33	0.31
EPS Growth	-53.20%	-10.19%	30.61%	9.76%	16.39%
Free Cash Flow	-4.9	32.63	296.8	259.24	158.09
Free Cash Flow Per Share	-0.01	0.04	0.54	0.58	0.39
Dividend Per Share	0.160	0.160	0.600	-	0.100
Dividend Growth	-	-73.33%	-	-	-
Gross Margin	74.71%	79.30%	78.57%	78.98%	72.85%
Operating Margin	28.22%	41.62%	43.03%	43.37%	36.37%
Profit Margin	25.29%	38.76%	33.87%	24.63%	26.70%
Free Cash Flow Margin	-0.63%	3.73%	41.96%	42.36%	34.05%
EBITDA	247.94	382.73	325.92	279.62	184.65
EBITDA Margin	31.94%	43.80%	46.08%	45.69%	39.77%
D&A For EBITDA	28.85	18.99	21.56	14.22	15.77
EBIT	219.09	363.74	304.36	265.4	168.87
EBIT Margin	28.22%	41.62%	43.03%	43.37%	36.37%
Effective Tax Rate	14.20%	8.12%	18.76%	16.38%	16.62%
Revenue as Reported	776.41	873.87	707.37	644.55	478.93
Advertising Expenses	38.24	17.52	5.61	16.03	-

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