Starflex 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	1,925	1,869	1,795	1,669	1,677	1,398
Other Revenue	23.79	26.68	22.93	26.89	50.16	15.34
Revenue	1,949	1,896	1,818	1,696	1,727	1,413
Revenue Growth (YoY)	3.94%	4.30%	7.18%	-1.83%	22.21%	11.12%
Cost of Revenue	1,461	1,408	1,365	1,458	1,414	1,094
Gross Profit	488.19	488.04	452.77	237.76	313.26	319.59
Selling, General & Admin	219.42	195.17	222.88	170.47	152.39	145.94
Operating Expenses	219.42	195.17	222.88	170.47	152.39	145.94
Operating Income	268.77	292.87	229.89	67.29	160.86	173.65
Interest Expense	-31.82	-35.01	-9.72	-2.93	-3.9	-4.61
Earnings From Equity Investments	16.87	23.72	-0.05	-	-	-
Currency Exchange Gain (Loss)	2.65	3.05	2.98	0.34	-0.06	1.63
Pretax Income	256.47	284.63	223.11	64.7	156.91	170.68
Income Tax Expense	-0.96	3.87	38.86	9.64	7.49	27.87
Net Income	257.43	280.76	184.25	55.07	149.42	142.8
Net Income to Common	257.43	280.76	184.25	55.07	149.42	142.8
Net Income Growth	3.62%	52.38%	234.58%	-63.14%	4.63%	81.65%
Shares Outstanding (Basic)	771	782	796	820	830	820
Shares Outstanding (Diluted)	771	782	796	820	830	820
Shares Change (YoY)	-1.85%	-1.80%	-2.94%	-1.21%	1.23%	34.51%
EPS (Basic)	0.33	0.36	0.23	0.07	0.18	0.17
EPS (Diluted)	0.33	0.36	0.23	0.07	0.18	0.17
EPS Growth	5.57%	55.18%	244.72%	-62.69%	3.36%	35.05%
Free Cash Flow	183.08	107.87	188.57	-10.29	-130.62	-0.98
Free Cash Flow Per Share	0.24	0.14	0.24	-0.01	-0.16	-0.00
Dividend Per Share	0.193	0.133	0.090	0.030	0.085	0.160
Dividend Growth	83.81%	47.78%	200.00%	-64.71%	-46.88%	966.67%
Gross Margin	25.05%	25.74%	24.91%	14.02%	18.14%	22.61%
Operating Margin	13.79%	15.45%	12.65%	3.97%	9.31%	12.29%
Profit Margin	13.21%	14.81%	10.14%	3.25%	8.65%	10.10%
Free Cash Flow Margin	9.39%	5.69%	10.38%	-0.61%	-7.56%	-0.07%
EBITDA	329.22	349.44	278.59	111.25	222.54	232.24
EBITDA Margin	16.89%	18.43%	15.33%	6.56%	12.88%	16.43%
D&A For EBITDA	60.45	56.57	48.7	43.96	61.68	58.59
EBIT	268.77	292.87	229.89	67.29	160.86	173.65
EBIT Margin	13.79%	15.45%	12.65%	3.97%	9.31%	12.29%
Effective Tax Rate	-	1.36%	17.42%	14.89%	4.78%	16.33%
Revenue as Reported	1,952	1,899	1,821	1,696	1,727	1,415

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