Netbay 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
Revenue	731.97	581.46	487.38	457.19	400.46	388.45
Revenue Growth (YoY)	37.56%	19.30%	6.60%	14.17%	3.09%	-5.63%
Cost of Revenue	176.15	118.29	102.06	97.01	78.1	82.21
Gross Profit	555.82	463.18	385.32	360.18	322.36	306.24
Selling, General & Admin	218.22	197.01	167.28	149.54	138.34	152.8
Other Operating Expenses	-6.9	-5.57	-2.88	-1.31	-2.55	-2.25
Operating Expenses	211.32	191.43	164.41	148.23	135.8	150.56
Operating Income	344.51	271.75	220.92	211.95	186.57	155.69
Interest Expense	-1.72	-1.51	-0.54	-0.35	-0.13	-0.32
Interest & Investment Income	0.34	2.22	4.73	3.15	2.96	3.74
Earnings From Equity Investments	-	-	-	-	-0.03	-2.9
EBT Excluding Unusual Items	343.13	272.45	225.11	214.75	189.37	156.2
Gain (Loss) on Sale of Investments	0	-0.71	-0.12	-0.25	0.57	1.53
Pretax Income	343.13	271.75	224.98	214.5	189.94	157.74
Income Tax Expense	68.82	55.83	44.69	44.76	24.37	1.29
Net Income	274.31	215.92	180.3	169.74	165.57	156.45
Net Income to Common	274.31	215.92	180.3	169.74	165.57	156.45
Net Income Growth	40.48%	19.76%	6.22%	2.52%	5.83%	-12.64%
Shares Outstanding (Basic)	200	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200	200
EPS (Basic)	1.37	1.08	0.90	0.85	0.83	0.78
EPS (Diluted)	1.37	1.08	0.90	0.85	0.83	0.78
EPS Growth	40.48%	19.76%	6.22%	2.52%	5.83%	-12.64%
Free Cash Flow	332.74	152.3	196.42	136.28	204.31	163.68
Free Cash Flow Per Share	1.66	0.76	0.98	0.68	1.02	0.82
Dividend Per Share	1.579	1.179	0.898	0.816	0.794	0.782
Dividend Growth	75.81%	31.28%	10.06%	2.73%	1.61%	-19.75%
Gross Margin	75.94%	79.66%	79.06%	78.78%	80.50%	78.84%
Operating Margin	47.06%	46.73%	45.33%	46.36%	46.59%	40.08%
Profit Margin	37.48%	37.13%	36.99%	37.13%	41.34%	40.27%
Free Cash Flow Margin	45.46%	26.19%	40.30%	29.81%	51.02%	42.14%
EBITDA	367.2	289.52	232.79	222.31	196.05	170.27
EBITDA Margin	50.17%	49.79%	47.76%	48.63%	48.96%	43.83%
D&A For EBITDA	22.69	17.77	11.87	10.36	9.48	14.59
EBIT	344.51	271.75	220.92	211.95	186.57	155.69
EBIT Margin	47.06%	46.73%	45.33%	46.36%	46.59%	40.08%
Effective Tax Rate	20.06%	20.54%	19.86%	20.87%	12.83%	0.82%

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