Modernform Group PCL (BKK:MODERN)

Modernform Group PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,270	2,482	2,525	2,417	2,377	2,924
Other Revenue	27.01	27.84	36.53	30.79	41.25	48.1
Revenue	2,297	2,510	2,562	2,447	2,418	2,972
Revenue Growth (YoY)	-4.26%	-2.03%	4.67%	1.22%	-18.65%	-5.97%
Cost of Revenue	1,533	1,657	1,727	1,711	1,578	2,045
Gross Profit	764.09	852.38	834.36	736.46	839.9	926.91
Selling, General & Admin	658.95	718.1	736.57	658.29	688.93	729.73
Other Operating Expenses	15.29	19.57	14.65	21.51	15.83	35.33
Operating Expenses	674.24	737.68	751.22	679.8	704.76	765.07
Operating Income	89.84	114.71	83.15	56.65	135.14	161.84
Interest Expense	-3.82	-2.61	-9.08	-7.06	-6.29	-7.4
Interest & Investment Income	19.66	20.23	15.13	8.5	11.15	29.91
Earnings From Equity Investments	24.98	33.43	-5.26	7.62	-21.27	-5.24
Other Non Operating Income (Expenses)	-9.74	-9.74	-4.19	-6.42	-7.37	-5.47
EBT Excluding Unusual Items	120.92	156.02	79.75	59.29	111.36	173.64
Pretax Income	120.92	156.02	79.75	59.29	111.36	173.64
Income Tax Expense	23.89	19.84	19.61	19.82	26	31.69
Earnings From Continuing Operations	97.02	136.19	60.14	39.47	85.36	141.95
Net Income to Company	97.02	136.19	60.14	39.47	85.36	141.95
Minority Interest in Earnings	-2.3	-1.24	-0.1	-0.42	2.72	-0.33
Net Income	94.72	134.94	60.03	39.05	88.08	141.61
Net Income to Common	94.72	134.94	60.03	39.05	88.08	141.61
Net Income Growth	5.82%	124.77%	53.74%	-55.67%	-37.80%	12.65%
Shares Outstanding (Basic)	714	726	750	750	734	750
Shares Outstanding (Diluted)	714	726	750	750	734	750
Shares Change (YoY)	-3.87%	-3.26%	-	2.18%	-2.13%	-
EPS (Basic)	0.13	0.19	0.08	0.05	0.12	0.19
EPS (Diluted)	0.13	0.19	0.08	0.05	0.12	0.19
EPS Growth	10.08%	132.35%	53.74%	-56.61%	-36.45%	12.65%
Free Cash Flow	260.52	247.59	284.47	-109.13	165.52	334.76
Free Cash Flow Per Share	0.36	0.34	0.38	-0.15	0.23	0.45
Dividend Per Share	0.180	0.180	0.090	0.060	0.120	0.200
Dividend Growth	100.00%	100.00%	50.00%	-50.00%	-40.00%	17.65%
Gross Margin	33.26%	33.96%	32.57%	30.09%	34.74%	31.18%
Operating Margin	3.91%	4.57%	3.25%	2.31%	5.59%	5.45%
Profit Margin	4.12%	5.38%	2.34%	1.60%	3.64%	4.76%
Free Cash Flow Margin	11.34%	9.87%	11.11%	-4.46%	6.84%	11.26%
EBITDA	156.93	189.97	158.59	133.87	218.81	253.32
EBITDA Margin	6.83%	7.57%	6.19%	5.47%	9.05%	8.52%
D&A For EBITDA	67.09	75.26	75.44	77.22	83.67	91.48
EBIT	89.84	114.71	83.15	56.65	135.14	161.84
EBIT Margin	3.91%	4.57%	3.25%	2.31%	5.59%	5.45%
Effective Tax Rate	19.76%	12.72%	24.59%	33.42%	23.35%	18.25%
Revenue as Reported	2,307	2,517	2,570	2,453	2,424	2,998

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.