Panelesmatic Solutions PCL (BKK:PANEL)

BKK:PANEL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	173.64	149.12	132.16	110.2
Revenue Growth (YoY)	25.26%	12.83%	19.92%	-
Cost of Revenue	114.2	94.47	81.74	67.84
Gross Profit	59.44	54.64	50.41	42.36
Selling, General & Admin	29.76	31.6	27.46	22.48
Other Operating Expenses	-2.97	-2.13	-0.51	-0.51
Operating Expenses	26.79	29.47	26.94	21.97
Operating Income	32.66	25.17	23.47	20.39
Interest Expense	-0.33	-0.14	-0.72	-0.03
Pretax Income	32.32	25.03	22.75	20.36
Income Tax Expense	6.79	5	4.71	4.43
Net Income	25.53	20.03	18.03	15.94
Net Income to Common	25.53	20.03	18.03	15.94
Net Income Growth	59.28%	11.04%	13.17%	-
Shares Outstanding (Basic)	190	183	140	129
Shares Outstanding (Diluted)	190	183	140	129
Shares Change (YoY)	11.25%	30.93%	8.49%	-
EPS (Basic)	0.13	0.11	0.13	0.12
EPS (Diluted)	0.13	0.11	0.13	0.12
EPS Growth	43.17%	-15.19%	4.31%	-
Free Cash Flow	-53.12	10.72	-5.04	2.97
Free Cash Flow Per Share	-0.28	0.06	-0.04	0.02
Dividend Per Share	0.020	0.020	0.040	-
Dividend Growth	-50.00%	-50.00%	-	-
Gross Margin	34.23%	36.65%	38.15%	38.44%
Operating Margin	18.81%	16.88%	17.76%	18.50%
Profit Margin	14.70%	13.43%	13.65%	14.46%
Free Cash Flow Margin	-30.59%	7.19%	-3.82%	2.70%
EBITDA	37.4	29.37	28.11	24.62
EBITDA Margin	21.54%	19.70%	21.27%	22.34%
D&A For EBITDA	4.75	4.2	4.64	4.23
EBIT	32.66	25.17	23.47	20.39
EBIT Margin	18.81%	16.88%	17.76%	18.50%
Effective Tax Rate	21.02%	19.98%	20.72%	21.74%
Revenue as Reported	173.64	149.12	132.16	-

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