Netbay 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	728.15	581.46	487.38	457.19	400.46
Revenue Growth (YoY)	25.23%	19.30%	6.60%	14.17%	3.09%
Cost of Revenue	196.37	118.29	102.06	97.01	78.1
Gross Profit	531.78	463.18	385.32	360.18	322.36
Selling, General & Admin	203.82	197.01	167.28	149.54	138.34
Other Operating Expenses	-5.66	-5.57	-2.88	-1.31	-2.55
Operating Expenses	198.16	191.43	164.41	148.23	135.8
Operating Income	333.62	271.75	220.92	211.95	186.57
Interest Expense	-1.75	-1.51	-0.54	-0.35	-0.13
Interest & Investment Income	0.37	2.22	4.73	3.15	2.96
Earnings From Equity Investments	-	-	-	-	-0.03
EBT Excluding Unusual Items	332.24	272.45	225.11	214.75	189.37
Gain (Loss) on Sale of Investments	-	-0.71	-0.12	-0.25	0.57
Pretax Income	332.24	271.75	224.98	214.5	189.94
Income Tax Expense	66.69	55.83	44.69	44.76	24.37
Net Income	265.56	215.92	180.3	169.74	165.57
Net Income to Common	265.56	215.92	180.3	169.74	165.57
Net Income Growth	22.99%	19.76%	6.22%	2.52%	5.83%
Shares Outstanding (Basic)	200	200	200	200	200
Shares Outstanding (Diluted)	200	200	200	200	200
EPS (Basic)	1.33	1.08	0.90	0.85	0.83
EPS (Diluted)	1.33	1.08	0.90	0.85	0.83
EPS Growth	22.99%	19.76%	6.22%	2.52%	5.83%
Free Cash Flow	296.46	152.3	196.42	136.28	204.31
Free Cash Flow Per Share	1.48	0.76	0.98	0.68	1.02
Dividend Per Share	1.200	1.179	0.898	0.816	0.794
Dividend Growth	1.75%	31.28%	10.06%	2.73%	1.61%
Gross Margin	73.03%	79.66%	79.06%	78.78%	80.50%
Operating Margin	45.82%	46.73%	45.33%	46.36%	46.59%
Profit Margin	36.47%	37.13%	36.99%	37.13%	41.34%
Free Cash Flow Margin	40.71%	26.19%	40.30%	29.81%	51.02%
EBITDA	350.15	285.13	232.79	222.31	196.05
EBITDA Margin	48.09%	49.04%	47.76%	48.63%	48.96%
D&A For EBITDA	16.52	13.38	11.87	10.36	9.48
EBIT	333.62	271.75	220.92	211.95	186.57
EBIT Margin	45.82%	46.73%	45.33%	46.36%	46.59%
Effective Tax Rate	20.07%	20.54%	19.86%	20.87%	12.83%

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