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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	2,177	2,174	2,540	2,864	1,423	675.04
Other Revenue	23.52	16.46	22.77	40.27	10.05	0.05
Revenue	2,200	2,190	2,563	2,904	1,433	675.09
Revenue Growth (YoY)	-13.11%	-14.54%	-11.75%	102.70%	112.25%	6.23%
Cost of Revenue	1,985	1,970	2,416	2,736	1,353	615.85
Gross Profit	215.76	220.21	147.28	168.43	80.3	59.24
Selling, General & Admin	161.81	159.48	130.16	142.67	137.48	113.35
Operating Expenses	165.92	170.41	136.28	160.71	129.09	113.35
Operating Income	49.84	49.8	11	7.72	-48.79	-54.11
Interest Expense	-11.55	-10.63	-10.38	-9.68	-5.67	-5.61
Interest & Investment Income	0.19	0.19	0.21	0.16	0.66	0.48
Currency Exchange Gain (Loss)	-3.9	-3.9	-0.66	-	-10.1	-
Other Non Operating Income (Expenses)	-0.01	-	-	-	29.83	27.3
EBT Excluding Unusual Items	34.57	35.46	0.17	-1.8	-34.07	-31.94
Gain (Loss) on Sale of Investments	-	-	-	-	-0.88	6.25
Gain (Loss) on Sale of Assets	0.27	0.27	0.77	1.35	3.41	7.46
Asset Writedown	0.13	0.13	-0	-	-	-0.39
Legal Settlements	-	-	-	-	56.71	18.01
Pretax Income	34.97	35.86	0.94	-0.45	25.17	-0.61
Income Tax Expense	6.71	7.42	4.82	1.72	1.04	1.31
Earnings From Continuing Operations	28.26	28.43	-3.88	-2.17	24.13	-1.92
Net Income to Company	28.26	28.43	-3.88	-2.17	24.13	-1.92
Minority Interest in Earnings	-5.6	-6.81	-1.56	-0.44	-2.94	-0.02
Net Income	22.66	21.62	-5.44	-2.61	21.19	-1.94
Net Income to Common	22.66	21.62	-5.44	-2.61	21.19	-1.94
Shares Outstanding (Basic)	540	540	540	540	540	540
Shares Outstanding (Diluted)	540	540	540	540	540	540
EPS (Basic)	0.04	0.04	-0.01	-0.00	0.04	-0.00
EPS (Diluted)	0.04	0.04	-0.01	-0.00	0.04	-0.00
Free Cash Flow	19.81	-53.69	18.67	-89.27	133.46	3.32
Free Cash Flow Per Share	0.04	-0.10	0.04	-0.17	0.25	0.01
Dividend Per Share	0.010	0.010	-	0.010	0.010	0.015
Dividend Growth	-	-	-	-	-32.00%	-
Gross Margin	9.81%	10.05%	5.75%	5.80%	5.60%	8.77%
Operating Margin	2.27%	2.27%	0.43%	0.27%	-3.40%	-8.02%
Profit Margin	1.03%	0.99%	-0.21%	-0.09%	1.48%	-0.29%
Free Cash Flow Margin	0.90%	-2.45%	0.73%	-3.07%	9.31%	0.49%
EBITDA	74.49	74.64	36.35	31.96	-30.22	-37.27
EBITDA Margin	3.38%	3.41%	1.42%	1.10%	-2.11%	-5.52%
D&A For EBITDA	24.65	24.83	25.35	24.24	18.57	16.84
EBIT	49.84	49.8	11	7.72	-48.79	-54.11
EBIT Margin	2.27%	2.27%	0.43%	0.27%	-3.40%	-8.01%
Effective Tax Rate	19.18%	20.70%	513.86%	-	4.13%	-
Revenue as Reported	2,201	2,191	2,564	2,906	1,523	721.69

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