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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,041	1,053	978.82	920	859.34	793.56
Other Revenue	3.59	4.09	3.1	4.39	1.55	3.16
Revenue	1,045	1,057	981.92	924.39	860.89	796.72
Revenue Growth (YoY)	4.03%	7.63%	6.22%	7.38%	8.05%	17.48%
Cost of Revenue	828.34	830.24	814.23	754.19	673.61	568.1
Gross Profit	216.5	226.63	167.69	170.2	187.27	228.61
Selling, General & Admin	136.97	134.8	131.44	124.42	105.94	97.94
Operating Expenses	136.97	134.8	131.44	124.42	105.94	97.94
Operating Income	79.53	91.84	36.25	45.78	81.34	130.68
Interest Expense	-7.94	-8.52	-8.37	-8.63	-5.01	-5.75
Currency Exchange Gain (Loss)	5.04	1.4	2.18	1.37	2.36	14.77
EBT Excluding Unusual Items	76.62	84.73	30.05	38.51	78.69	139.7
Pretax Income	76.62	84.73	30.05	38.51	78.69	139.7
Income Tax Expense	16.12	17.71	5.92	8.29	15.62	27.96
Net Income	60.51	67.01	24.14	30.22	63.06	111.75
Net Income to Common	60.51	67.01	24.14	30.22	63.06	111.75
Net Income Growth	62.96%	177.62%	-20.13%	-52.07%	-43.57%	42.94%
Shares Outstanding (Basic)	440	440	440	440	440	440
Shares Outstanding (Diluted)	440	440	440	440	440	440
Shares Change (YoY)	-	-	-	-	-	51.30%
EPS (Basic)	0.14	0.15	0.05	0.07	0.14	0.25
EPS (Diluted)	0.14	0.15	0.05	0.07	0.14	0.25
EPS Growth	62.96%	177.62%	-20.13%	-52.07%	-43.57%	-5.52%
Free Cash Flow	60.64	127.33	22.6	-62.62	-118.01	-39.39
Free Cash Flow Per Share	0.14	0.29	0.05	-0.14	-0.27	-0.09
Dividend Per Share	0.070	0.070	0.034	0.045	0.070	0.102
Dividend Growth	105.28%	105.28%	-25.05%	-35.00%	-31.03%	42.76%
Gross Margin	20.72%	21.44%	17.08%	18.41%	21.75%	28.69%
Operating Margin	7.61%	8.69%	3.69%	4.95%	9.45%	16.40%
Profit Margin	5.79%	6.34%	2.46%	3.27%	7.32%	14.03%
Free Cash Flow Margin	5.80%	12.05%	2.30%	-6.77%	-13.71%	-4.94%
EBITDA	138.1	153.63	101.71	107.69	121.21	166.47
EBITDA Margin	13.22%	14.54%	10.36%	11.65%	14.08%	20.89%
D&A For EBITDA	58.57	61.79	65.46	61.91	39.87	35.79
EBIT	79.53	91.84	36.25	45.78	81.34	130.68
EBIT Margin	7.61%	8.69%	3.69%	4.95%	9.45%	16.40%
Effective Tax Rate	21.03%	20.91%	19.68%	21.52%	19.86%	20.01%
Revenue as Reported	1,050	1,058	984.1	925.76	863.25	811.49

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