NL Development 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	1,163	1,294	2,177	1,219	1,385
Revenue Growth (YoY)	-10.10%	-40.58%	78.60%	-11.99%	-18.10%
Cost of Revenue	1,030	1,139	1,842	980.8	1,151
Gross Profit	133.22	154.62	334.78	237.98	233.78
Selling, General & Admin	175.93	177.45	183.68	184.38	162.59
Operating Expenses	175.93	177.45	183.68	184.38	173.89
Operating Income	-42.71	-22.84	151.09	53.6	59.88
Interest Expense	-0.35	-0.69	-0.51	-0.4	-0.36
Other Non Operating Income (Expenses)	28.01	34.72	11.66	20.4	20.71
EBT Excluding Unusual Items	-15.04	11.19	162.25	73.6	80.23
Pretax Income	-15.04	11.19	162.25	73.6	80.23
Income Tax Expense	-0.35	3.14	32.3	15.98	22.9
Earnings From Continuing Operations	-14.69	8.05	129.95	57.63	57.33
Earnings From Discontinued Operations	-	-	-	-0.06	-
Net Income to Company	-14.69	8.05	129.95	57.57	57.33
Minority Interest in Earnings	0	0	-0	0.01	0
Net Income	-14.69	8.05	129.95	57.58	57.33
Net Income to Common	-14.69	8.05	129.95	57.58	57.33
Net Income Growth	-	-93.80%	125.69%	0.44%	12.64%
Shares Outstanding (Basic)	500	484	370	356	350
Shares Outstanding (Diluted)	500	484	370	356	350
Shares Change (YoY)	3.30%	30.81%	4.05%	1.60%	2.33%
EPS (Basic)	-0.03	0.02	0.35	0.16	0.16
EPS (Diluted)	-0.03	0.02	0.35	0.16	0.16
EPS Growth	-	-95.26%	116.90%	-1.14%	10.08%
Free Cash Flow	-47.57	-120.31	258.48	109.19	-325.81
Free Cash Flow Per Share	-0.10	-0.25	0.70	0.31	-0.93
Dividend Per Share	-	0.040	0.121	0.400	0.080
Dividend Growth	-	-66.89%	-69.80%	400.00%	-
Gross Margin	11.46%	11.95%	15.38%	19.53%	16.88%
Operating Margin	-3.67%	-1.76%	6.94%	4.40%	4.32%
Profit Margin	-1.26%	0.62%	5.97%	4.72%	4.14%
Free Cash Flow Margin	-4.09%	-9.30%	11.88%	8.96%	-23.53%
EBITDA	-25.99	-8.72	167.74	81.06	87.97
EBITDA Margin	-2.23%	-0.67%	7.71%	6.65%	6.35%
D&A For EBITDA	16.71	14.12	16.65	27.46	28.09
EBIT	-42.71	-22.84	151.09	53.6	59.88
EBIT Margin	-3.67%	-1.76%	6.94%	4.40%	4.32%
Effective Tax Rate	-	28.04%	19.91%	21.71%	28.55%

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