Nirvana 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
Operating Revenue	1,599	1,420	2,004	2,569	3,022
Other Revenue	24.03	26.98	17.71	39.26	-
Revenue	1,623	1,447	2,022	2,609	3,022
Revenue Growth (YoY)	12.19%	-28.42%	-22.50%	-13.68%	23.52%
Cost of Revenue	1,113	973.58	1,380	1,715	2,408
Gross Profit	510.9	473.47	641.34	893.33	613.49
Selling, General & Admin	376.53	386.27	562.38	594.29	688.15
Other Operating Expenses	-67.83	-26.98	-22.09	-12.89	-
Operating Expenses	308.7	359.29	540.29	581.41	688.15
Operating Income	202.2	114.18	101.05	311.92	-74.66
Interest Expense	-69.39	-79.59	-64.31	-131.83	-165.37
Interest & Investment Income	3.84	2.77	3.23	19.04	19.14
Earnings From Equity Investments	-6.99	-15.32	-8.24	-3.03	-5.13
Currency Exchange Gain (Loss)	-	-	0.05	0.72	0.67
Other Non Operating Income (Expenses)	6.43	6.67	4.4	50.76	43.62
EBT Excluding Unusual Items	136.09	28.71	36.19	247.6	-181.73
Gain (Loss) on Sale of Assets	-	0.08	0.18	10.95	1.84
Asset Writedown	138.94	93.89	227.62	6.48	799.43
Other Unusual Items	1.5	9.51	30.49	19.32	-
Pretax Income	276.53	132.18	294.48	284.34	619.53
Income Tax Expense	120.66	45.91	82.5	57.15	179.13
Earnings From Continuing Operations	155.87	86.27	211.98	227.19	440.41
Minority Interest in Earnings	-0	-0	-10.89	-26.17	-32.11
Net Income	155.87	86.27	201.09	201.03	408.29
Net Income to Common	155.87	86.27	201.09	201.03	408.29
Net Income Growth	80.68%	-57.10%	0.03%	-50.76%	-
Shares Outstanding (Basic)	1,799	1,553	1,553	1,553	1,553
Shares Outstanding (Diluted)	1,799	1,553	1,553	1,553	1,553
Shares Change (YoY)	15.81%	-	-	-	-
EPS (Basic)	0.09	0.06	0.13	0.13	0.26
EPS (Diluted)	0.09	0.06	0.13	0.13	0.26
EPS Growth	56.02%	-57.10%	0.03%	-50.76%	-
Free Cash Flow	106.63	-729.3	-1,122	110.91	518.1
Free Cash Flow Per Share	0.06	-0.47	-0.72	0.07	0.33
Dividend Per Share	-	-	0.026	0.060	0.012
Dividend Growth	-	-	-56.67%	387.81%	-
Gross Margin	31.47%	32.72%	31.72%	34.25%	20.30%
Operating Margin	12.46%	7.89%	5.00%	11.96%	-2.47%
Profit Margin	9.60%	5.96%	9.95%	7.71%	13.51%
Free Cash Flow Margin	6.57%	-50.40%	-55.51%	4.25%	17.15%
EBITDA	219.04	146.61	136.47	354.45	-9.74
EBITDA Margin	13.49%	10.13%	6.75%	13.59%	-0.32%
D&A For EBITDA	16.85	32.43	35.41	42.52	64.93
EBIT	202.2	114.18	101.05	311.92	-74.66
EBIT Margin	12.46%	7.89%	5.00%	11.96%	-2.47%
Effective Tax Rate	43.63%	34.73%	28.02%	20.10%	28.91%
Revenue as Reported	1,842	1,587	2,310	2,729	3,022

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