S.A.F. Special Steel PCL (BKK:SAF)

S.A.F. Special Steel PCL Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	166.91	161.36	168.92	219.01	213.84
Other Revenue	0.31	0.84	1.73	0.55	0.91
Revenue	167.22	162.2	170.65	219.56	214.75
Revenue Growth (YoY)	3.10%	-4.96%	-22.28%	2.24%	18.04%
Cost of Revenue	133.96	129.59	130.67	160.36	156.06
Gross Profit	33.26	32.6	39.98	59.2	58.69
Selling, General & Admin	32.63	31.3	34.18	37.42	32.11
Operating Expenses	32.63	31.3	34.18	37.42	32.11
Operating Income	0.64	1.31	5.81	21.78	26.58
Interest Expense	-4.83	-5.07	-4.85	-5.46	-3.62
Currency Exchange Gain (Loss)	0.34	0.74	0.51	-3.86	-3.75
Pretax Income	-3.86	-3.03	1.47	12.46	19.21
Income Tax Expense	-0.81	-0.63	0.2	2.46	3.68
Net Income	-3.05	-2.4	1.27	10	15.53
Net Income to Common	-3.05	-2.4	1.27	10	15.53
Net Income Growth	-	-	-87.32%	-35.61%	534.36%
Shares Outstanding (Basic)	300	300	297	210	180
Shares Outstanding (Diluted)	300	300	297	210	180
Shares Change (YoY)	-	0.88%	41.44%	16.80%	-
EPS (Basic)	-0.01	-0.01	0.00	0.05	0.09
EPS (Diluted)	-0.01	-0.01	0.00	0.05	0.09
EPS Growth	-	-	-91.04%	-44.87%	534.39%
Free Cash Flow	19.63	35.12	-93.63	9.72	10.2
Free Cash Flow Per Share	0.07	0.12	-0.32	0.05	0.06
Dividend Per Share	-	-	0.010	0.035	0.190
Dividend Growth	-	-	-71.43%	-81.58%	280.00%
Gross Margin	19.89%	20.10%	23.43%	26.96%	27.33%
Operating Margin	0.38%	0.81%	3.40%	9.92%	12.38%
Profit Margin	-1.82%	-1.48%	0.74%	4.55%	7.23%
Free Cash Flow Margin	11.74%	21.65%	-54.86%	4.43%	4.75%
EBITDA	6.38	5.84	10.15	26.91	31.81
EBITDA Margin	3.82%	3.60%	5.95%	12.26%	14.81%
D&A For EBITDA	5.75	4.53	4.35	5.13	5.23
EBIT	0.64	1.31	5.81	21.78	26.58
EBIT Margin	0.38%	0.81%	3.40%	9.92%	12.38%
Effective Tax Rate	-	-	13.75%	19.74%	19.16%
Revenue as Reported	167.56	162.93	171.16	219.56	214.75

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