Shrinkflex (Thailand) 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	1,036	978.82	920	859.34	793.56	677.25
Other Revenue	3.43	3.1	4.39	1.55	3.16	0.93
Revenue	1,039	981.92	924.39	860.89	796.72	678.18
Revenue Growth (YoY)	6.52%	6.22%	7.38%	8.05%	17.48%	15.65%
Cost of Revenue	826.59	814.23	754.19	673.61	568.1	479.39
Gross Profit	212.38	167.69	170.2	187.27	228.61	198.79
Selling, General & Admin	133.42	131.44	124.42	105.94	97.94	87.45
Operating Expenses	133.42	131.44	124.42	105.94	97.94	87.45
Operating Income	78.96	36.25	45.78	81.34	130.68	111.33
Interest Expense	-9.41	-8.37	-8.63	-5.01	-5.75	-12.55
Currency Exchange Gain (Loss)	10.23	2.18	1.37	2.36	14.77	-1.05
EBT Excluding Unusual Items	79.78	30.05	38.51	78.69	139.7	97.73
Pretax Income	79.78	30.05	38.51	78.69	139.7	97.73
Income Tax Expense	16.5	5.92	8.29	15.62	27.96	19.55
Net Income	63.29	24.14	30.22	63.06	111.75	78.18
Net Income to Common	63.29	24.14	30.22	63.06	111.75	78.18
Net Income Growth	173.95%	-20.13%	-52.07%	-43.57%	42.94%	37.40%
Shares Outstanding (Basic)	440	440	440	440	440	291
Shares Outstanding (Diluted)	440	440	440	440	440	291
Shares Change (YoY)	-	-	-	-	51.30%	55.17%
EPS (Basic)	0.14	0.05	0.07	0.14	0.25	0.27
EPS (Diluted)	0.14	0.05	0.07	0.14	0.25	0.27
EPS Growth	173.96%	-20.13%	-52.07%	-43.57%	-5.52%	-11.45%
Free Cash Flow	88.57	22.6	-62.62	-118.01	-39.39	14.01
Free Cash Flow Per Share	0.20	0.05	-0.14	-0.27	-0.09	0.05
Dividend Per Share	0.034	0.034	0.045	0.070	0.102	0.071
Dividend Growth	-25.05%	-25.05%	-35.00%	-31.03%	42.76%	-
Gross Margin	20.44%	17.08%	18.41%	21.75%	28.69%	29.31%
Operating Margin	7.60%	3.69%	4.95%	9.45%	16.40%	16.42%
Profit Margin	6.09%	2.46%	3.27%	7.32%	14.03%	11.53%
Free Cash Flow Margin	8.53%	2.30%	-6.77%	-13.71%	-4.94%	2.07%
EBITDA	130.94	101.71	107.69	121.21	166.47	142.82
EBITDA Margin	12.60%	10.36%	11.65%	14.08%	20.89%	21.06%
D&A For EBITDA	51.98	65.46	61.91	39.87	35.79	31.49
EBIT	78.96	36.25	45.78	81.34	130.68	111.33
EBIT Margin	7.60%	3.69%	4.95%	9.45%	16.40%	16.42%
Effective Tax Rate	20.68%	19.68%	21.52%	19.86%	20.01%	20.01%
Revenue as Reported	1,043	984.1	925.76	863.25	811.49	678.18

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