Shrinkflex (Thailand) 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	1,053	978.82	920	859.34	793.56
Other Revenue	4.09	3.1	4.39	1.55	3.16
Revenue	1,057	981.92	924.39	860.89	796.72
Revenue Growth (YoY)	7.63%	6.22%	7.38%	8.05%	17.48%
Cost of Revenue	830.24	814.23	754.19	673.61	568.1
Gross Profit	226.63	167.69	170.2	187.27	228.61
Selling, General & Admin	134.8	131.44	124.42	105.94	97.94
Operating Expenses	134.8	131.44	124.42	105.94	97.94
Operating Income	91.84	36.25	45.78	81.34	130.68
Interest Expense	-8.52	-8.37	-8.63	-5.01	-5.75
Currency Exchange Gain (Loss)	1.4	2.18	1.37	2.36	14.77
EBT Excluding Unusual Items	84.73	30.05	38.51	78.69	139.7
Pretax Income	84.73	30.05	38.51	78.69	139.7
Income Tax Expense	17.71	5.92	8.29	15.62	27.96
Net Income	67.01	24.14	30.22	63.06	111.75
Net Income to Common	67.01	24.14	30.22	63.06	111.75
Net Income Growth	177.62%	-20.13%	-52.07%	-43.57%	42.94%
Shares Outstanding (Basic)	440	440	440	440	440
Shares Outstanding (Diluted)	440	440	440	440	440
Shares Change (YoY)	-	-	-	-	51.30%
EPS (Basic)	0.15	0.05	0.07	0.14	0.25
EPS (Diluted)	0.15	0.05	0.07	0.14	0.25
EPS Growth	177.62%	-20.13%	-52.07%	-43.57%	-5.52%
Free Cash Flow	127.33	22.6	-62.62	-118.01	-39.39
Free Cash Flow Per Share	0.29	0.05	-0.14	-0.27	-0.09
Dividend Per Share	0.070	0.034	0.045	0.070	0.102
Dividend Growth	105.28%	-25.05%	-35.00%	-31.03%	42.76%
Gross Margin	21.44%	17.08%	18.41%	21.75%	28.69%
Operating Margin	8.69%	3.69%	4.95%	9.45%	16.40%
Profit Margin	6.34%	2.46%	3.27%	7.32%	14.03%
Free Cash Flow Margin	12.05%	2.30%	-6.77%	-13.71%	-4.94%
EBITDA	153.63	101.71	107.69	121.21	166.47
EBITDA Margin	14.54%	10.36%	11.65%	14.08%	20.89%
D&A For EBITDA	61.79	65.46	61.91	39.87	35.79
EBIT	91.84	36.25	45.78	81.34	130.68
EBIT Margin	8.69%	3.69%	4.95%	9.45%	16.40%
Effective Tax Rate	20.91%	19.68%	21.52%	19.86%	20.01%
Revenue as Reported	1,058	984.1	925.76	863.25	811.49

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