Ratch Group PCL (BKK:RATCH)

Ratch Group PCL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	21,628	30,965	41,239	71,882	35,231	31,653
Revenue Growth (YoY)	-33.19%	-24.91%	-42.63%	104.03%	11.31%	-10.69%
Selling, General & Admin	3,360	3,253	3,037	2,410	1,708	1,601
Other Operating Expenses	17,946	26,973	37,454	69,011	32,892	29,952
Total Operating Expenses	21,306	30,226	40,491	71,421	34,600	31,553
Operating Income	322.09	738.84	747.2	461.18	631.49	99.06
Interest Expense	-4,252	-4,447	-4,443	-2,977	-1,868	-1,551
Interest Income	2,786	3,362	4,285	3,369	2,359	2,774
Net Interest Expense	-1,466	-1,084	-157.91	392.65	491.41	1,222
Income (Loss) on Equity Investments	7,369	6,798	3,815	5,391	5,902	4,600
Currency Exchange Gain (Loss)	0.21	-94.79	133.45	-30.13	206.29	304.45
Other Non-Operating Income (Expenses)	831.61	870.87	1,801	57.48	541.46	88.76
EBT Excluding Unusual Items	7,056	7,228	6,339	6,272	7,773	6,315
Total Merger & Restructuring Charges	-	-	-	-369	-	-
Gain (Loss) on Sale of Investments	-	-	-	661.08	-	-
Insurance Settlements	-	-	-	49.12	-	-
Other Unusual Items	-	-	-	-	227.03	-
Pretax Income	7,056	7,228	6,339	6,614	8,000	6,315
Income Tax Expense	852.52	907.07	860.31	937.34	177.17	28.36
Earnings From Continuing Ops.	6,204	6,321	5,479	5,676	7,823	6,287
Minority Interest in Earnings	-116.94	-194.63	-311.78	105.89	-4.11	-0.03
Net Income	6,087	6,127	5,167	5,782	7,819	6,287
Net Income to Common	6,087	6,127	5,167	5,782	7,819	6,287
Net Income Growth	3.21%	18.57%	-10.63%	-26.05%	24.37%	5.42%
Shares Outstanding (Basic)	2,175	2,175	2,175	1,833	1,450	1,450
Shares Outstanding (Diluted)	2,175	2,175	2,175	1,833	1,450	1,450
Shares Change (YoY)	-0.14%	-	18.63%	26.44%	-	-
EPS (Basic)	2.80	2.82	2.38	3.15	5.39	4.34
EPS (Diluted)	2.80	2.82	2.38	3.15	5.39	4.34
EPS Growth	3.35%	18.57%	-24.67%	-41.51%	24.37%	5.42%
Free Cash Flow	6,769	6,101	7,699	5,129	5,260	2,663
Free Cash Flow Per Share	3.11	2.81	3.54	2.80	3.63	1.84
Dividend Per Share	1.600	1.600	1.600	1.600	2.500	2.400
Dividend Growth	-	-	-	-36.00%	4.17%	-
Profit Margin	28.14%	19.79%	12.53%	8.04%	22.19%	19.86%
Free Cash Flow Margin	31.30%	19.70%	18.67%	7.14%	14.93%	8.41%
EBITDA	4,067	4,767	4,813	3,498	2,669	1,830
EBITDA Margin	18.81%	15.39%	11.67%	4.87%	7.58%	5.78%
D&A For EBITDA	3,745	4,028	4,065	3,037	2,037	1,731
EBIT	322.09	738.84	747.2	461.18	631.49	99.06
EBIT Margin	1.49%	2.39%	1.81%	0.64%	1.79%	0.31%
Effective Tax Rate	12.08%	12.55%	13.57%	14.17%	2.21%	0.45%

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