S.A.F. Special Steel 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
Operating Revenue	168.6	161.36	168.92	219.01	213.84	180.17
Other Revenue	0.66	0.84	1.73	0.55	0.91	1.76
Revenue	169.26	162.2	170.65	219.56	214.75	181.93
Revenue Growth (YoY)	2.72%	-4.96%	-22.28%	2.24%	18.04%	-25.61%
Cost of Revenue	135.38	129.59	130.67	160.36	156.06	138.17
Gross Profit	33.87	32.6	39.98	59.2	58.69	43.76
Selling, General & Admin	31.82	31.3	34.18	37.42	32.11	35.38
Operating Expenses	31.82	31.3	34.18	37.42	32.11	35.38
Operating Income	2.06	1.31	5.81	21.78	26.58	8.38
Interest Expense	-5.12	-5.07	-4.85	-5.46	-3.62	-5.85
Currency Exchange Gain (Loss)	0.4	0.74	0.51	-3.86	-3.75	0.39
Pretax Income	-2.65	-3.03	1.47	12.46	19.21	2.92
Income Tax Expense	-0.57	-0.63	0.2	2.46	3.68	0.48
Net Income	-2.09	-2.4	1.27	10	15.53	2.45
Net Income to Common	-2.09	-2.4	1.27	10	15.53	2.45
Net Income Growth	-	-	-87.32%	-35.61%	534.36%	-75.18%
Shares Outstanding (Basic)	300	300	297	210	180	180
Shares Outstanding (Diluted)	300	300	297	210	180	180
Shares Change (YoY)	0.88%	0.88%	41.44%	16.80%	-	61.84%
EPS (Basic)	-0.01	-0.01	0.00	0.05	0.09	0.01
EPS (Diluted)	-0.01	-0.01	0.00	0.05	0.09	0.01
EPS Growth	-	-	-91.04%	-44.87%	534.39%	-84.66%
Free Cash Flow	30.26	35.12	-93.63	9.72	10.2	20.85
Free Cash Flow Per Share	0.10	0.12	-0.32	0.05	0.06	0.12
Dividend Per Share	0.010	-	0.010	0.035	0.190	0.050
Dividend Growth	-	-	-71.43%	-81.58%	280.00%	-
Gross Margin	20.01%	20.10%	23.43%	26.96%	27.33%	24.05%
Operating Margin	1.22%	0.81%	3.40%	9.92%	12.38%	4.60%
Profit Margin	-1.23%	-1.48%	0.74%	4.55%	7.23%	1.35%
Free Cash Flow Margin	17.88%	21.65%	-54.86%	4.43%	4.75%	11.46%
EBITDA	7.38	5.84	10.15	26.91	31.81	13.82
EBITDA Margin	4.36%	3.60%	5.95%	12.26%	14.81%	7.60%
D&A For EBITDA	5.33	4.53	4.35	5.13	5.23	5.44
EBIT	2.06	1.31	5.81	21.78	26.58	8.38
EBIT Margin	1.22%	0.81%	3.40%	9.92%	12.38%	4.60%
Effective Tax Rate	-	-	13.75%	19.74%	19.16%	16.26%
Revenue as Reported	169.66	162.93	171.16	219.56	214.75	182.32

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