BKK:NAT 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	558.96	2,297	1,556	1,090
Other Revenue	6.03	7.1	2.29	3.63
Revenue	564.99	2,304	1,558	1,093
Revenue Growth (YoY)	-75.48%	47.85%	42.53%	-
Cost of Revenue	479.8	1,981	1,331	917.08
Gross Profit	85.19	322.85	227.07	176.16
Selling, General & Admin	78.59	112.72	79.51	48.45
Operating Expenses	78.59	112.72	79.51	48.45
Operating Income	6.6	210.13	147.56	127.7
Interest Expense	-1.35	-1.66	-0.79	-1.01
Pretax Income	5.25	208.47	146.77	126.7
Income Tax Expense	1.88	40.29	29.7	26.07
Earnings From Continuing Operations	3.36	168.18	117.07	100.62
Minority Interest in Earnings	0	-	-	-
Net Income	3.36	168.18	117.07	100.62
Net Income to Common	3.36	168.18	117.07	100.62
Net Income Growth	-98.00%	43.66%	16.35%	-
Shares Outstanding (Basic)	327	317	136	40
Shares Outstanding (Diluted)	327	317	136	40
Shares Change (YoY)	2.95%	133.00%	240.30%	-
EPS (Basic)	0.01	0.53	0.86	2.52
EPS (Diluted)	0.01	0.53	0.86	2.52
EPS Growth	-98.06%	-38.34%	-65.81%	-
Free Cash Flow	63.56	-117.72	61.18	206.55
Free Cash Flow Per Share	0.20	-0.37	0.45	5.16
Dividend Per Share	-	0.350	0.025	-
Dividend Growth	-	1300.00%	-	-
Gross Margin	15.08%	14.01%	14.57%	16.11%
Operating Margin	1.17%	9.12%	9.47%	11.68%
Profit Margin	0.60%	7.30%	7.51%	9.20%
Free Cash Flow Margin	11.25%	-5.11%	3.93%	18.89%
EBITDA	11.77	211.39	148.35	128.32
EBITDA Margin	2.08%	9.18%	9.52%	11.74%
D&A For EBITDA	5.18	1.26	0.79	0.62
EBIT	6.6	210.13	147.56	127.7
EBIT Margin	1.17%	9.12%	9.47%	11.68%
Effective Tax Rate	35.92%	19.32%	20.23%	20.58%
Revenue as Reported	564.99	2,304	1,558	1,093

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