MFC Asset Management 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	1,516	1,323	1,094	1,060	1,495
Other Revenue	70.13	52.53	39.31	35.91	30.66
Revenue	1,586	1,375	1,133	1,096	1,526
Revenue Growth (YoY)	15.32%	21.36%	3.44%	-28.18%	66.73%
Cost of Revenue	982.92	901.46	742.58	683.75	999.45
Gross Profit	603.26	473.96	390.79	411.98	526.21
Selling, General & Admin	44.49	43.53	37.39	22.44	23.6
Other Operating Expenses	259.91	145.75	114.67	111.66	115.13
Operating Expenses	304.4	189.28	152.05	134.1	138.74
Operating Income	298.86	284.68	238.73	277.88	387.48
Interest Expense	-7.96	-6.75	-3.92	-3.52	-5.8
Pretax Income	290.9	277.93	234.82	274.36	381.68
Income Tax Expense	51.31	50.74	45.8	53.25	75.53
Earnings From Continuing Operations	239.59	227.19	189.02	221.11	306.15
Minority Interest in Earnings	-0	-0	-0	-0	-0
Net Income	239.59	227.19	189.02	221.11	306.15
Net Income to Common	239.59	227.19	189.02	221.11	306.15
Net Income Growth	5.46%	20.19%	-14.52%	-27.78%	106.71%
Shares Outstanding (Basic)	126	126	126	126	126
Shares Outstanding (Diluted)	126	126	126	126	126
EPS (Basic)	1.91	1.81	1.50	1.76	2.44
EPS (Diluted)	1.91	1.81	1.50	1.76	2.44
EPS Growth	5.46%	20.19%	-14.52%	-27.78%	106.71%
Free Cash Flow	66.74	238.41	358.53	195.2	323.67
Free Cash Flow Per Share	0.53	1.90	2.85	1.55	2.58
Dividend Per Share	1.250	1.050	1.300	1.500	2.150
Dividend Growth	19.05%	-19.23%	-13.33%	-30.23%	95.45%
Gross Margin	38.03%	34.46%	34.48%	37.60%	34.49%
Operating Margin	18.84%	20.70%	21.06%	25.36%	25.40%
Profit Margin	15.10%	16.52%	16.68%	20.18%	20.07%
Free Cash Flow Margin	4.21%	17.33%	31.63%	17.82%	21.21%
EBITDA	305.91	290.29	244.15	283.62	392.63
EBITDA Margin	19.29%	21.11%	21.54%	25.88%	25.74%
D&A For EBITDA	7.05	5.61	5.42	5.74	5.15
EBIT	298.86	284.68	238.73	277.88	387.48
EBIT Margin	18.84%	20.70%	21.06%	25.36%	25.40%
Effective Tax Rate	17.64%	18.26%	19.50%	19.41%	19.79%
Revenue as Reported	1,586	1,375	1,133	1,096	1,526
Advertising Expenses	44.49	43.53	37.39	21.92	23.08

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