BKK:MSC 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
Revenue	9,167	8,932	9,479	9,368	7,199
Revenue Growth (YoY)	2.63%	-5.78%	1.19%	30.14%	-1.80%
Cost of Revenue	7,923	7,693	8,145	8,166	6,139
Gross Profit	1,243	1,239	1,334	1,203	1,060
Selling, General & Admin	1,102	1,095	1,045	947.36	920.28
Other Operating Expenses	-102.09	-190.62	-78.86	-58.89	-75.54
Operating Expenses	1,000	904.32	966.3	888.47	844.74
Operating Income	243.23	334.43	367.71	314.29	215.28
Interest Expense	-32.41	-12.78	-12.85	-9.8	-6.4
Earnings From Equity Investments	-0.21	1.04	2.63	1.67	-1.34
Other Non Operating Income (Expenses)	2.42	6.05	-2.39	0.48	41.59
EBT Excluding Unusual Items	213.02	328.74	355.11	306.63	249.13
Pretax Income	213.02	328.74	355.11	306.63	249.13
Income Tax Expense	43.77	64.69	70.03	61.69	53.55
Earnings From Continuing Operations	169.25	264.05	285.08	244.95	195.58
Minority Interest in Earnings	0.01	-8.17	-0.04	-0.07	1.71
Net Income	169.26	255.88	285.04	244.87	197.29
Net Income to Common	169.26	255.88	285.04	244.87	197.29
Net Income Growth	-33.85%	-10.23%	16.40%	24.12%	26.63%
Shares Outstanding (Basic)	360	360	360	360	360
Shares Outstanding (Diluted)	360	360	360	360	360
EPS (Basic)	0.47	0.71	0.79	0.68	0.55
EPS (Diluted)	0.47	0.71	0.79	0.68	0.55
EPS Growth	-33.85%	-10.23%	16.40%	24.12%	26.63%
Free Cash Flow	959.21	-93.26	717.55	-345.52	99.89
Free Cash Flow Per Share	2.66	-0.26	1.99	-0.96	0.28
Dividend Per Share	0.500	0.500	0.500	0.400	0.380
Dividend Growth	-	-	25.00%	5.26%	26.67%
Gross Margin	13.56%	13.87%	14.07%	12.84%	14.72%
Operating Margin	2.65%	3.74%	3.88%	3.36%	2.99%
Profit Margin	1.85%	2.86%	3.01%	2.61%	2.74%
Free Cash Flow Margin	10.46%	-1.04%	7.57%	-3.69%	1.39%
EBITDA	300.44	392.1	420.07	366.32	287.16
EBITDA Margin	3.28%	4.39%	4.43%	3.91%	3.99%
D&A For EBITDA	57.21	57.67	52.36	52.03	71.87
EBIT	243.23	334.43	367.71	314.29	215.28
EBIT Margin	2.65%	3.74%	3.88%	3.36%	2.99%
Effective Tax Rate	20.55%	19.68%	19.72%	20.12%	21.50%
Advertising Expenses	24.46	21.86	25.47	23.01	17.59

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