Nirvana Development PCL (BKK:NVD)

Nirvana Development PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,194	1,431	2,004	2,569	3,022	2,446
Other Revenue	32.71	26.98	17.71	39.26	-	-
Revenue	1,227	1,458	2,022	2,609	3,022	2,446
Revenue Growth (YoY)	-27.92%	-27.87%	-22.50%	-13.68%	23.52%	-9.63%
Cost of Revenue	869.22	984.75	1,380	1,715	2,408	1,684
Gross Profit	357.48	473.47	641.34	893.33	613.49	762.8
Selling, General & Admin	337.87	386.27	562.38	594.29	688.15	647.36
Other Operating Expenses	-54.03	-26.98	-22.09	-12.89	-	-
Operating Expenses	283.84	359.29	540.29	581.41	688.15	647.36
Operating Income	73.64	114.18	101.05	311.92	-74.66	115.44
Interest Expense	-81.33	-79.59	-64.31	-131.83	-165.37	-119.22
Interest & Investment Income	3.29	2.77	3.23	19.04	19.14	19.4
Earnings From Equity Investments	-14.98	-15.32	-8.24	-3.03	-5.13	-10.65
Currency Exchange Gain (Loss)	0.33	0.33	0.05	0.72	0.67	-0.15
Other Non Operating Income (Expenses)	7.36	6.34	4.4	50.76	43.62	38.15
EBT Excluding Unusual Items	-11.7	28.71	36.19	247.6	-181.73	42.97
Gain (Loss) on Sale of Assets	1.83	0.08	0.18	10.95	1.84	0.02
Asset Writedown	93.89	93.89	227.62	6.48	799.43	-
Other Unusual Items	7.84	9.51	30.49	19.32	-	-
Pretax Income	91.86	132.18	294.48	284.34	619.53	42.99
Income Tax Expense	47.55	45.91	82.5	57.15	179.13	21.45
Earnings From Continuing Operations	44.31	86.27	211.98	227.19	440.41	21.54
Minority Interest in Earnings	-0	-0	-10.89	-26.17	-32.11	-72.58
Net Income	44.31	86.27	201.09	201.03	408.29	-51.04
Net Income to Common	44.31	86.27	201.09	201.03	408.29	-51.04
Net Income Growth	-74.75%	-57.10%	0.03%	-50.76%	-	-
Shares Outstanding (Basic)	1,601	1,553	1,553	1,553	1,553	1,553
Shares Outstanding (Diluted)	1,601	1,553	1,553	1,553	1,553	1,553
Shares Change (YoY)	3.06%	-	-	-	-	-
EPS (Basic)	0.03	0.06	0.13	0.13	0.26	-0.03
EPS (Diluted)	0.03	0.06	0.13	0.13	0.26	-0.03
EPS Growth	-75.50%	-57.10%	0.03%	-50.76%	-	-
Free Cash Flow	-701.7	-729.3	-1,122	110.91	518.1	-333.3
Free Cash Flow Per Share	-0.44	-0.47	-0.72	0.07	0.33	-0.21
Dividend Per Share	-	-	0.026	0.060	0.012	-
Dividend Growth	-	-	-56.67%	387.81%	-	-
Gross Margin	29.14%	32.47%	31.72%	34.25%	20.30%	31.18%
Operating Margin	6.00%	7.83%	5.00%	11.96%	-2.47%	4.72%
Profit Margin	3.61%	5.92%	9.95%	7.71%	13.51%	-2.09%
Free Cash Flow Margin	-57.20%	-50.01%	-55.51%	4.25%	17.15%	-13.63%
EBITDA	95.69	146.61	136.47	354.45	-9.74	192.44
EBITDA Margin	7.80%	10.05%	6.75%	13.59%	-0.32%	7.87%
D&A For EBITDA	22.05	32.43	35.41	42.52	64.93	77.01
EBIT	73.64	114.18	101.05	311.92	-74.66	115.44
EBIT Margin	6.00%	7.83%	5.00%	11.96%	-2.47%	4.72%
Effective Tax Rate	51.77%	34.73%	28.02%	20.10%	28.91%	49.90%
Revenue as Reported	1,395	1,598	2,310	2,729	3,022	2,446

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