Pilatus Marine 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	1,054	968.15	804.5	794.65	665.34	637.75
Revenue Growth (YoY)	11.13%	20.34%	1.24%	19.43%	4.33%	-
Cost of Revenue	874.1	804.64	672.98	651.1	545.08	487.39
Gross Profit	180.2	163.51	131.53	143.54	120.26	150.36
Selling, General & Admin	66.9	59.42	60.21	48.53	45.6	57.56
Other Operating Expenses	-1.18	-3.26	-1.32	0.26	-2.5	-1.39
Operating Expenses	65.72	56.16	58.89	48.79	38.64	56.16
Operating Income	114.49	107.35	72.64	94.75	81.62	94.2
Interest Expense	-32.75	-29.69	-17.04	-18.32	-21.67	-26.44
Interest & Investment Income	0.75	0.65	1.01	0.01	2.25	3.14
EBT Excluding Unusual Items	82.49	78.31	56.61	76.44	62.2	70.89
Gain (Loss) on Sale of Assets	-5.38	-	-	1.05	6.96	-18.58
Pretax Income	77.1	78.31	56.61	77.49	69.16	52.31
Income Tax Expense	15.59	15.5	12.67	15.28	14.09	12.84
Earnings From Continuing Operations	61.51	62.81	43.95	62.21	55.07	39.48
Minority Interest in Earnings	-0	-0	-0	-0	-0	-0
Net Income	61.51	62.81	43.95	62.21	55.07	39.48
Net Income to Common	61.51	62.81	43.95	62.21	55.07	39.48
Net Income Growth	8.45%	42.92%	-29.35%	12.97%	39.49%	-
Shares Outstanding (Basic)	960	960	873	680	783	800
Shares Outstanding (Diluted)	960	960	873	680	783	800
Shares Change (YoY)	-0.03%	9.93%	28.43%	-13.18%	-2.10%	-
EPS (Basic)	0.06	0.07	0.05	0.09	0.07	0.05
EPS (Diluted)	0.06	0.07	0.05	0.09	0.07	0.05
EPS Growth	8.48%	30.02%	-44.99%	30.12%	42.47%	-
Free Cash Flow	160.97	-209.41	-324.86	142.87	150.9	135.41
Free Cash Flow Per Share	0.17	-0.22	-0.37	0.21	0.19	0.17
Dividend Per Share	0.030	0.030	0.060	-	-	-
Dividend Growth	200.00%	-50.00%	-	-	-	-
Gross Margin	17.09%	16.89%	16.35%	18.06%	18.07%	23.58%
Operating Margin	10.86%	11.09%	9.03%	11.92%	12.27%	14.77%
Profit Margin	5.83%	6.49%	5.46%	7.83%	8.28%	6.19%
Free Cash Flow Margin	15.27%	-21.63%	-40.38%	17.98%	22.68%	21.23%
EBITDA	285.76	257.49	188.9	246.65	222.6	231.56
EBITDA Margin	27.10%	26.60%	23.48%	31.04%	33.46%	36.31%
D&A For EBITDA	171.27	150.14	116.26	151.9	140.98	137.36
EBIT	114.49	107.35	72.64	94.75	81.62	94.2
EBIT Margin	10.86%	11.09%	9.03%	11.92%	12.27%	14.77%
Effective Tax Rate	20.22%	19.79%	22.37%	19.72%	20.37%	24.54%

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