NFC 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	2,152	1,888	1,803	2,746	1,364
Revenue Growth (YoY)	13.96%	4.73%	-34.36%	101.32%	89.65%
Cost of Revenue	1,621	1,389	1,306	2,470	1,226
Gross Profit	530.54	499.26	496.81	276.69	137.93
Selling, General & Admin	170.35	137.89	106.66	124.22	166.63
Operating Expenses	170.35	137.89	106.66	124.22	166.63
Operating Income	360.19	361.37	390.15	152.47	-28.7
Interest Expense	-287.51	-296.96	-243.52	-62.19	-26.49
Interest & Investment Income	11.63	9.11	6.24	3.31	-
Earnings From Equity Investments	22.45	0.92	-	-	-
Currency Exchange Gain (Loss)	-	-	-	23.03	-
Other Non Operating Income (Expenses)	0.55	1.24	21.28	21.71	470.84
EBT Excluding Unusual Items	107.31	75.68	174.16	138.34	415.64
Gain (Loss) on Sale of Assets	-	-	2.76	-	2.83
Pretax Income	107.31	75.68	176.91	138.34	418.47
Income Tax Expense	11.01	33.81	-4.13	-11.41	66.27
Earnings From Continuing Operations	96.3	41.87	181.04	149.75	352.2
Minority Interest in Earnings	-	-	-	0.6	0.69
Net Income	96.3	41.87	181.04	150.36	352.89
Net Income to Common	96.3	41.87	181.04	150.36	352.89
Net Income Growth	129.99%	-76.87%	20.41%	-57.39%	-
Shares Outstanding (Basic)	1,088	1,088	1,088	1,088	1,088
Shares Outstanding (Diluted)	1,088	1,088	1,088	1,088	1,088
EPS (Basic)	0.09	0.04	0.17	0.14	0.32
EPS (Diluted)	0.09	0.04	0.17	0.14	0.32
EPS Growth	129.99%	-76.87%	20.41%	-57.39%	-
Free Cash Flow	383.5	451.2	220.23	358.82	-521.35
Free Cash Flow Per Share	0.35	0.41	0.20	0.33	-0.48
Dividend Per Share	-	-	-	0.180	-
Gross Margin	24.66%	26.44%	27.56%	10.08%	10.11%
Operating Margin	16.74%	19.14%	21.64%	5.55%	-2.10%
Profit Margin	4.48%	2.22%	10.04%	5.47%	25.87%
Free Cash Flow Margin	17.82%	23.90%	12.22%	13.07%	-38.22%
EBITDA	496.04	467.3	465.45	199.85	37.05
EBITDA Margin	23.05%	24.75%	25.82%	7.28%	2.72%
D&A For EBITDA	135.85	105.94	75.31	47.38	65.75
EBIT	360.19	361.37	390.15	152.47	-28.7
EBIT Margin	16.74%	19.14%	21.64%	5.55%	-2.10%
Effective Tax Rate	10.26%	44.68%	-	-	15.84%
Revenue as Reported	2,152	1,888	1,803	2,746	1,364
Advertising Expenses	0.1	0.02	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.