Pioneer Motor PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,040	1,162	958.88	1,195	990.91	795.76
Revenue Growth (YoY)	-6.84%	21.19%	-19.79%	20.65%	24.52%	23.23%
Cost of Revenue	865.6	949.51	812.19	1,009	803.96	637.25
Gross Profit	173.95	212.55	146.68	186.75	186.95	158.51
Selling, General & Admin	103.2	108.04	97.04	111.79	101.77	94.69
Other Operating Expenses	-25.75	-27.73	-23.49	-32.61	-28.68	-14.04
Operating Expenses	77.45	80.31	73.55	79.18	73.09	80.64
Operating Income	96.5	132.24	73.13	107.58	113.86	77.87
Interest Expense	-0.79	-0.2	-0.16	-0.06	-0.14	-0.35
Currency Exchange Gain (Loss)	3.41	3.41	2.73	13.24	10.52	1.88
EBT Excluding Unusual Items	99.12	135.46	75.7	120.76	124.25	79.4
Gain (Loss) on Sale of Investments	4.78	5.94	2.17	-0.01	0.47	1.06
Pretax Income	103.91	141.4	77.86	120.74	124.72	80.46
Income Tax Expense	19.46	27.84	4.28	15.47	22.63	1.02
Net Income	84.44	113.56	73.58	105.27	102.09	79.44
Net Income to Common	84.44	113.56	73.58	105.27	102.09	79.44
Net Income Growth	-23.89%	54.34%	-30.10%	3.12%	28.52%	178.96%
Shares Outstanding (Basic)	748	758	731	646	616	616
Shares Outstanding (Diluted)	748	758	731	707	709	616
Shares Change (YoY)	-1.33%	3.69%	3.29%	-0.28%	15.07%	5.26%
EPS (Basic)	0.11	0.15	0.10	0.16	0.17	0.13
EPS (Diluted)	0.11	0.15	0.10	0.15	0.14	0.13
EPS Growth	-22.86%	48.85%	-32.41%	3.47%	11.75%	163.14%
Free Cash Flow	117.62	133.31	41.85	-28.45	-89.91	99.63
Free Cash Flow Per Share	0.16	0.18	0.06	-0.04	-0.13	0.16
Dividend Per Share	0.078	0.075	0.040	0.062	0.063	0.052
Dividend Growth	56.00%	87.50%	-35.48%	-1.59%	21.15%	188.89%
Gross Margin	16.73%	18.29%	15.30%	15.62%	18.87%	19.92%
Operating Margin	9.28%	11.38%	7.63%	9.00%	11.49%	9.79%
Profit Margin	8.12%	9.77%	7.67%	8.81%	10.30%	9.98%
Free Cash Flow Margin	11.31%	11.47%	4.36%	-2.38%	-9.07%	12.52%
EBITDA	130.88	167.51	107.79	139.32	141.21	102.79
EBITDA Margin	12.59%	14.41%	11.24%	11.65%	14.25%	12.92%
D&A For EBITDA	34.38	35.27	34.66	31.74	27.35	24.92
EBIT	96.5	132.24	73.13	107.58	113.86	77.87
EBIT Margin	9.28%	11.38%	7.63%	9.00%	11.49%	9.79%
Effective Tax Rate	18.73%	19.69%	5.50%	12.81%	18.14%	1.27%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.