Mud & Hound PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,527	3,002	3,449	3,062	2,170	2,166
Other Revenue	63.12	76.45	83.47	106.25	146.8	149.71
Revenue	2,590	3,078	3,533	3,168	2,316	2,316
Revenue Growth (YoY)	-19.53%	-12.87%	11.50%	36.78%	0.04%	-24.32%
Cost of Revenue	996.97	1,171	1,403	1,225	848.65	871.93
Gross Profit	1,593	1,908	2,130	1,944	1,468	1,444
Selling, General & Admin	1,807	1,949	2,038	1,854	1,485	1,592
Other Operating Expenses	232.23	121.69	-	-	-	-
Operating Expenses	2,040	2,071	2,038	1,854	1,485	1,592
Operating Income	-446.69	-163.23	91.64	89.4	-17.23	-148.2
Interest Expense	-138.73	-130.78	-125.31	-112.85	-98.75	-84.35
Currency Exchange Gain (Loss)	24.81	-44.33	19.65	-	-	-
EBT Excluding Unusual Items	-560.61	-338.33	-14.02	-23.45	-115.98	-232.55
Asset Writedown	-	-	-	-	-	-200
Pretax Income	-560.61	-338.33	-14.02	-23.45	-115.98	-432.55
Income Tax Expense	-29.86	-4.68	20.63	-27.14	-4.73	-12.78
Earnings From Continuing Operations	-530.75	-333.65	-34.65	3.69	-111.25	-419.78
Minority Interest in Earnings	54.7	27.39	22.57	20.42	10.15	24.68
Net Income	-476.04	-306.26	-12.08	24.11	-101.1	-395.09
Net Income to Common	-476.04	-306.26	-12.08	24.11	-101.1	-395.09
Shares Outstanding (Basic)	1,053	1,053	1,053	1,053	1,052	1,053
Shares Outstanding (Diluted)	1,053	1,053	1,053	1,053	1,052	1,053
Shares Change (YoY)	-	-	-	0.14%	-0.14%	-0.14%
EPS (Basic)	-0.45	-0.29	-0.01	0.02	-0.10	-0.38
EPS (Diluted)	-0.45	-0.29	-0.01	0.02	-0.10	-0.38
Free Cash Flow	387.1	268.98	413.25	160.95	198.27	229.7
Free Cash Flow Per Share	0.37	0.26	0.39	0.15	0.19	0.22
Gross Margin	61.50%	61.97%	60.28%	61.35%	63.36%	62.34%
Operating Margin	-17.25%	-5.30%	2.59%	2.82%	-0.74%	-6.40%
Profit Margin	-18.38%	-9.95%	-0.34%	0.76%	-4.36%	-17.06%
Free Cash Flow Margin	14.95%	8.74%	11.70%	5.08%	8.56%	9.92%
EBITDA	-570.9	-21.65	232.09	229.67	120.92	6.7
EBITDA Margin	-22.04%	-0.70%	6.57%	7.25%	5.22%	0.29%
D&A For EBITDA	-124.21	141.58	140.45	140.28	138.15	154.9
EBIT	-446.69	-163.23	91.64	89.4	-17.23	-148.2
EBIT Margin	-17.25%	-5.30%	2.59%	2.82%	-0.74%	-6.40%
Revenue as Reported	2,626	3,078	3,552	3,168	2,316	2,316

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