Pan Asia Footwear PCL (BKK:PAF)

Pan Asia Footwear 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	2,277	2,540	2,864	1,423	675.04	607.44
Other Revenue	19.61	22.77	40.27	10.05	0.05	28.08
Revenue	2,297	2,563	2,904	1,433	675.09	635.52
Revenue Growth (YoY)	-18.20%	-11.75%	102.70%	112.25%	6.23%	-18.88%
Cost of Revenue	2,100	2,416	2,736	1,353	615.85	530.04
Gross Profit	196.19	147.28	168.43	80.3	59.24	105.48
Selling, General & Admin	132.91	130.16	142.67	137.48	113.35	105.6
Operating Expenses	142.64	136.28	160.71	129.09	113.35	113.49
Operating Income	53.55	11	7.72	-48.79	-54.11	-8.02
Interest Expense	-10.22	-10.38	-9.68	-5.67	-5.61	-5.93
Interest & Investment Income	0.19	0.21	0.16	0.66	0.48	0.9
Currency Exchange Gain (Loss)	-0.66	-0.66	-	-10.1	-	-
Other Non Operating Income (Expenses)	-	-	-	29.83	27.3	-
EBT Excluding Unusual Items	42.85	0.17	-1.8	-34.07	-31.94	-13.04
Gain (Loss) on Sale of Investments	-	-	-	-0.88	6.25	-1.35
Gain (Loss) on Sale of Assets	0.44	0.77	1.35	3.41	7.46	109.37
Asset Writedown	0.13	-	-	-	-0.39	-3.26
Legal Settlements	-	-	-	56.71	18.01	-
Pretax Income	43.42	0.94	-0.45	25.17	-0.61	91.71
Income Tax Expense	8.49	4.82	1.72	1.04	1.31	1.52
Earnings From Continuing Operations	34.94	-3.88	-2.17	24.13	-1.92	90.19
Net Income to Company	34.94	-3.88	-2.17	24.13	-1.92	90.19
Minority Interest in Earnings	-8.17	-1.56	-0.44	-2.94	-0.02	-0.62
Net Income	26.76	-5.44	-2.61	21.19	-1.94	89.57
Net Income to Common	26.76	-5.44	-2.61	21.19	-1.94	89.57
Net Income Growth	-	-	-	-	-	137.29%
Shares Outstanding (Basic)	540	540	540	540	540	540
Shares Outstanding (Diluted)	540	540	540	540	540	540
EPS (Basic)	0.05	-0.01	-0.00	0.04	-0.00	0.17
EPS (Diluted)	0.05	-0.01	-0.00	0.04	-0.00	0.17
EPS Growth	-	-	-	-	-	137.29%
Free Cash Flow	17.68	18.67	-89.27	133.46	3.32	9.72
Free Cash Flow Per Share	0.03	0.04	-0.17	0.25	0.01	0.02
Dividend Per Share	-	-	0.010	0.010	0.015	0.015
Dividend Growth	-	-	-	-32.00%	-	47.06%
Gross Margin	8.54%	5.75%	5.80%	5.60%	8.77%	16.60%
Operating Margin	2.33%	0.43%	0.27%	-3.40%	-8.02%	-1.26%
Profit Margin	1.17%	-0.21%	-0.09%	1.48%	-0.29%	14.09%
Free Cash Flow Margin	0.77%	0.73%	-3.07%	9.31%	0.49%	1.53%
EBITDA	78.46	36.35	31.96	-30.22	-37.27	9.45
EBITDA Margin	3.42%	1.42%	1.10%	-2.11%	-5.52%	1.49%
D&A For EBITDA	24.92	25.35	24.24	18.57	16.84	17.47
EBIT	53.55	11	7.72	-48.79	-54.11	-8.02
EBIT Margin	2.33%	0.43%	0.27%	-3.40%	-8.01%	-1.26%
Effective Tax Rate	19.55%	513.86%	-	4.13%	-	1.66%
Revenue as Reported	2,297	2,564	2,906	1,523	721.69	637.5

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