Pioneer Motor 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
Revenue	1,013	1,162	958.88	1,195	990.91
Revenue Growth (YoY)	-12.85%	21.19%	-19.79%	20.65%	24.52%
Cost of Revenue	836.88	949.51	812.19	1,009	803.96
Gross Profit	175.89	212.55	146.68	186.75	186.95
Selling, General & Admin	103.99	108.04	97.04	111.79	101.77
Other Operating Expenses	-24.16	-27.73	-23.49	-32.61	-28.68
Operating Expenses	79.83	80.31	73.55	79.18	73.09
Operating Income	96.06	132.24	73.13	107.58	113.86
Interest Expense	-0.99	-0.2	-0.16	-0.06	-0.14
Currency Exchange Gain (Loss)	-	3.41	2.73	13.24	10.52
EBT Excluding Unusual Items	95.07	135.46	75.7	120.76	124.25
Gain (Loss) on Sale of Investments	3.94	5.94	2.17	-0.01	0.47
Pretax Income	99.02	141.4	77.86	120.74	124.72
Income Tax Expense	19.02	27.84	4.28	15.47	22.63
Net Income	80	113.56	73.58	105.27	102.09
Net Income to Common	80	113.56	73.58	105.27	102.09
Net Income Growth	-29.55%	54.34%	-30.10%	3.12%	28.52%
Shares Outstanding (Basic)	741	758	731	646	616
Shares Outstanding (Diluted)	741	758	731	707	709
Shares Change (YoY)	-2.14%	3.69%	3.29%	-0.28%	15.07%
EPS (Basic)	0.11	0.15	0.10	0.16	0.17
EPS (Diluted)	0.11	0.15	0.10	0.15	0.14
EPS Growth	-28.01%	48.85%	-32.41%	3.47%	11.75%
Free Cash Flow	130.35	133.31	41.85	-28.45	-89.91
Free Cash Flow Per Share	0.18	0.18	0.06	-0.04	-0.13
Dividend Per Share	0.049	0.075	0.040	0.062	0.063
Dividend Growth	-34.67%	87.50%	-35.48%	-1.59%	21.15%
Gross Margin	17.37%	18.29%	15.30%	15.62%	18.87%
Operating Margin	9.49%	11.38%	7.63%	9.00%	11.49%
Profit Margin	7.90%	9.77%	7.67%	8.81%	10.30%
Free Cash Flow Margin	12.87%	11.47%	4.36%	-2.38%	-9.07%
EBITDA	130.06	167.51	107.79	139.32	141.21
EBITDA Margin	12.84%	14.41%	11.24%	11.65%	14.25%
D&A For EBITDA	34	35.27	34.66	31.74	27.35
EBIT	96.06	132.24	73.13	107.58	113.86
EBIT Margin	9.49%	11.38%	7.63%	9.00%	11.49%
Effective Tax Rate	19.21%	19.69%	5.50%	12.81%	18.14%

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