N.D. Rubber 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
Revenue	937	918.13	836.28	840.71	841.4
Revenue Growth (YoY)	2.05%	9.79%	-0.53%	-0.08%	8.45%
Cost of Revenue	750.13	738.95	692.96	730.01	685.54
Gross Profit	186.87	179.18	143.32	110.7	155.85
Selling, General & Admin	163.97	143.38	136.87	132.23	115.41
Other Operating Expenses	-6.28	-3.85	-2.51	-6.84	-5.86
Operating Expenses	157.69	139.52	134.37	125.39	109.55
Operating Income	29.19	39.66	8.95	-14.7	46.31
Interest Expense	-3.73	-4.78	-4.42	-4.03	-3.95
Earnings From Equity Investments	-	-9.21	-19.07	-10.93	-0.24
Currency Exchange Gain (Loss)	1.2	1.59	0.56	1.34	0.57
EBT Excluding Unusual Items	26.65	27.26	-13.98	-28.31	42.68
Gain (Loss) on Sale of Investments	-	-5.38	-55	-	-
Gain (Loss) on Sale of Assets	-	-	-	-1.23	4.22
Asset Writedown	-	-5.5	-	-	-
Pretax Income	26.65	16.37	-68.98	-29.54	46.9
Income Tax Expense	5.63	8.52	-3.93	-4.83	4.99
Earnings From Continuing Operations	21.02	7.85	-65.05	-24.72	41.9
Minority Interest in Earnings	0.12	0.34	0.08	0.35	-0.27
Net Income	21.15	8.19	-64.97	-24.37	41.63
Net Income to Common	21.15	8.19	-64.97	-24.37	41.63
Net Income Growth	158.31%	-	-	-	-8.02%
Shares Outstanding (Basic)	378	457	347	347	331
Shares Outstanding (Diluted)	378	457	347	347	331
Shares Change (YoY)	-17.25%	31.71%	-	4.95%	4.80%
EPS (Basic)	0.06	0.02	-0.19	-0.07	0.13
EPS (Diluted)	0.06	0.02	-0.19	-0.07	0.13
EPS Growth	212.15%	-	-	-	-12.23%
Free Cash Flow	32.16	-43.95	-8.84	-7.93	36.49
Free Cash Flow Per Share	0.09	-0.10	-0.03	-0.02	0.11
Dividend Per Share	0.035	-	0.050	0.020	0.030
Dividend Growth	-	-	150.00%	-33.33%	-40.00%
Gross Margin	19.94%	19.52%	17.14%	13.17%	18.52%
Operating Margin	3.12%	4.32%	1.07%	-1.75%	5.50%
Profit Margin	2.26%	0.89%	-7.77%	-2.90%	4.95%
Free Cash Flow Margin	3.43%	-4.79%	-1.06%	-0.94%	4.34%
EBITDA	71.08	80.91	56.06	32.64	89.07
EBITDA Margin	7.59%	8.81%	6.70%	3.88%	10.59%
D&A For EBITDA	41.9	41.25	47.11	47.34	42.77
EBIT	29.19	39.66	8.95	-14.7	46.31
EBIT Margin	3.12%	4.32%	1.07%	-1.75%	5.50%
Effective Tax Rate	21.12%	52.06%	-	-	10.64%
Advertising Expenses	12.18	31.2	34.96	2.78	4.91

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