President Bakery 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	7,036	7,480	7,540	7,529	7,160
Other Revenue	42.06	40.87	32.82	25.87	29.47
Revenue	7,078	7,521	7,573	7,555	7,189
Revenue Growth (YoY)	-5.89%	-0.69%	0.24%	5.08%	0.27%
Cost of Revenue	3,918	4,051	4,033	4,049	3,774
Gross Profit	3,160	3,470	3,540	3,506	3,416
Selling, General & Admin	1,880	1,798	1,698	1,635	1,581
Operating Expenses	1,880	1,798	1,698	1,635	1,581
Operating Income	1,280	1,672	1,842	1,871	1,835
Interest Expense	-1.43	-1.11	-1.4	-0.89	-0.67
Interest & Investment Income	173.25	176.03	127.58	72.02	61.87
Earnings From Equity Investments	0.35	3.38	6.71	6.78	3.25
Other Non Operating Income (Expenses)	0.19	-	2.45	-	2.25
EBT Excluding Unusual Items	1,452	1,851	1,977	1,948	1,902
Pretax Income	1,452	1,851	1,977	1,948	1,902
Income Tax Expense	194.18	260.02	269.42	241.49	213.91
Net Income	1,258	1,591	1,708	1,707	1,688
Net Income to Common	1,258	1,591	1,708	1,707	1,688
Net Income Growth	-20.93%	-6.86%	0.05%	1.14%	0.54%
Shares Outstanding (Basic)	450	450	450	450	450
Shares Outstanding (Diluted)	450	450	450	450	450
EPS (Basic)	2.79	3.53	3.80	3.79	3.75
EPS (Diluted)	2.79	3.53	3.80	3.79	3.75
EPS Growth	-20.93%	-6.86%	0.05%	1.14%	0.54%
Free Cash Flow	343.72	1,150	1,331	1,755	1,734
Free Cash Flow Per Share	0.76	2.56	2.96	3.90	3.85
Dividend Per Share	-	1.900	2.000	2.000	1.900
Dividend Growth	-	-5.00%	-	5.26%	-
Gross Margin	44.64%	46.13%	46.74%	46.41%	47.51%
Operating Margin	18.08%	22.23%	24.32%	24.76%	25.52%
Profit Margin	17.77%	21.15%	22.55%	22.60%	23.47%
Free Cash Flow Margin	4.86%	15.29%	17.58%	23.23%	24.11%
EBITDA	1,722	2,059	2,200	2,238	2,249
EBITDA Margin	24.32%	27.38%	29.05%	29.62%	31.28%
D&A For EBITDA	441.99	387.06	358.32	367.14	413.84
EBIT	1,280	1,672	1,842	1,871	1,835
EBIT Margin	18.08%	22.23%	24.32%	24.76%	25.52%
Effective Tax Rate	13.37%	14.05%	13.63%	12.39%	11.25%
Revenue as Reported	7,100	7,533	7,598	7,571	7,208

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.