Starflex PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,963	1,869	1,795	1,669	1,677
Other Revenue	22.16	26.68	22.93	26.89	50.16
Revenue	1,985	1,896	1,818	1,696	1,727
Revenue Growth (YoY)	4.71%	4.30%	7.18%	-1.83%	22.21%
Cost of Revenue	1,489	1,408	1,365	1,458	1,414
Gross Profit	495.7	488.04	452.77	237.76	313.26
Selling, General & Admin	233.78	195.17	222.88	170.47	152.39
Operating Expenses	233.78	195.17	222.88	170.47	152.39
Operating Income	261.92	292.87	229.89	67.29	160.86
Interest Expense	-30.81	-35.01	-9.72	-2.93	-3.9
Earnings From Equity Investments	9.15	23.72	-0.05	-	-
Currency Exchange Gain (Loss)	0.3	3.05	2.98	0.34	-0.06
Pretax Income	240.56	284.63	223.11	64.7	156.91
Income Tax Expense	-2.67	3.87	38.86	9.64	7.49
Net Income	243.23	280.76	184.25	55.07	149.42
Net Income to Common	243.23	280.76	184.25	55.07	149.42
Net Income Growth	-13.37%	52.38%	234.58%	-63.14%	4.63%
Shares Outstanding (Basic)	767	782	796	820	830
Shares Outstanding (Diluted)	767	782	796	820	830
Shares Change (YoY)	-1.89%	-1.80%	-2.94%	-1.21%	1.23%
EPS (Basic)	0.32	0.36	0.23	0.07	0.18
EPS (Diluted)	0.32	0.36	0.23	0.07	0.18
EPS Growth	-11.70%	55.18%	244.72%	-62.69%	3.36%
Free Cash Flow	296.75	107.87	188.57	-10.29	-130.62
Free Cash Flow Per Share	0.39	0.14	0.24	-0.01	-0.16
Dividend Per Share	0.170	0.133	0.090	0.030	0.085
Dividend Growth	27.82%	47.78%	200.00%	-64.71%	-46.88%
Gross Margin	24.97%	25.74%	24.91%	14.02%	18.14%
Operating Margin	13.20%	15.45%	12.65%	3.97%	9.31%
Profit Margin	12.25%	14.81%	10.14%	3.25%	8.65%
Free Cash Flow Margin	14.95%	5.69%	10.38%	-0.61%	-7.56%
EBITDA	324.11	349.44	278.59	111.25	222.54
EBITDA Margin	16.33%	18.43%	15.33%	6.56%	12.88%
D&A For EBITDA	62.19	56.57	48.7	43.96	61.68
EBIT	261.92	292.87	229.89	67.29	160.86
EBIT Margin	13.20%	15.45%	12.65%	3.97%	9.31%
Effective Tax Rate	-	1.36%	17.42%	14.89%	4.78%
Revenue as Reported	1,985	1,899	1,821	1,696	1,727

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