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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,240	1,431	2,004	2,569	3,022	2,446
Other Revenue	33.26	26.98	17.71	39.26	-	-
Revenue	1,273	1,458	2,022	2,609	3,022	2,446
Revenue Growth (YoY)	-14.07%	-27.87%	-22.50%	-13.68%	23.52%	-9.63%
Cost of Revenue	894.93	984.75	1,380	1,715	2,408	1,684
Gross Profit	378.54	473.47	641.34	893.33	613.49	762.8
Selling, General & Admin	313.14	386.27	562.38	594.29	688.15	647.36
Other Operating Expenses	-65.82	-26.98	-22.09	-12.89	-	-
Operating Expenses	247.32	359.29	540.29	581.41	688.15	647.36
Operating Income	131.22	114.18	101.05	311.92	-74.66	115.44
Interest Expense	-75.76	-79.59	-64.31	-131.83	-165.37	-119.22
Interest & Investment Income	3.6	2.77	3.23	19.04	19.14	19.4
Earnings From Equity Investments	-14.97	-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)	7.7	6.34	4.4	50.76	43.62	38.15
EBT Excluding Unusual Items	52.12	28.71	36.19	247.6	-181.73	42.97
Gain (Loss) on Sale of Assets	0.08	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	2.26	9.51	30.49	19.32	-	-
Pretax Income	148.35	132.18	294.48	284.34	619.53	42.99
Income Tax Expense	63.36	45.91	82.5	57.15	179.13	21.45
Earnings From Continuing Operations	84.99	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	84.99	86.27	201.09	201.03	408.29	-51.04
Net Income to Common	84.99	86.27	201.09	201.03	408.29	-51.04
Net Income Growth	-42.86%	-57.10%	0.03%	-50.76%	-	-
Shares Outstanding (Basic)	1,681	1,553	1,553	1,553	1,553	1,553
Shares Outstanding (Diluted)	1,681	1,553	1,553	1,553	1,553	1,553
Shares Change (YoY)	8.22%	-	-	-	-	-
EPS (Basic)	0.05	0.06	0.13	0.13	0.26	-0.03
EPS (Diluted)	0.05	0.06	0.13	0.13	0.26	-0.03
EPS Growth	-47.21%	-57.10%	0.03%	-50.76%	-	-
Free Cash Flow	133.67	-729.3	-1,122	110.91	518.1	-333.3
Free Cash Flow Per Share	0.08	-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	29.73%	32.47%	31.72%	34.25%	20.30%	31.18%
Operating Margin	10.30%	7.83%	5.00%	11.96%	-2.47%	4.72%
Profit Margin	6.67%	5.92%	9.95%	7.71%	13.51%	-2.09%
Free Cash Flow Margin	10.50%	-50.01%	-55.51%	4.25%	17.15%	-13.63%
EBITDA	147.91	146.61	136.47	354.45	-9.74	192.44
EBITDA Margin	11.62%	10.05%	6.75%	13.59%	-0.32%	7.87%
D&A For EBITDA	16.69	32.43	35.41	42.52	64.93	77.01
EBIT	131.22	114.18	101.05	311.92	-74.66	115.44
EBIT Margin	10.30%	7.83%	5.00%	11.96%	-2.47%	4.72%
Effective Tax Rate	42.71%	34.73%	28.02%	20.10%	28.91%	49.90%
Revenue as Reported	1,447	1,598	2,310	2,729	3,022	2,446

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