Shangri-La Hotel 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	2,133	2,335	2,157	1,176	334.51
Other Revenue	20.24	29.4	29.15	25.11	21.37
Revenue	2,153	2,364	2,186	1,201	355.87
Revenue Growth (YoY)	-8.92%	8.15%	82.03%	237.48%	-46.35%
Cost of Revenue	695.22	734.17	676.83	448.11	251.84
Gross Profit	1,458	1,630	1,509	752.9	104.04
Selling, General & Admin	790.88	733.15	701.43	530.71	302.9
Other Operating Expenses	117.4	300.65	270.45	93.12	158.07
Operating Expenses	1,077	1,203	1,134	796.97	661.65
Operating Income	381.32	427.53	375.54	-44.06	-557.62
Interest & Investment Income	92.65	109.42	89.54	46.42	29.03
Earnings From Equity Investments	-30.81	-48.31	-110.15	-41.35	-27.71
Currency Exchange Gain (Loss)	-77.2	65.89	-31.4	-29.18	-26.24
Pretax Income	365.96	554.53	323.54	-68.17	-582.53
Income Tax Expense	125.06	183.55	184.02	5.72	-96.17
Earnings From Continuing Operations	240.9	370.98	139.52	-73.89	-486.36
Minority Interest in Earnings	0.01	-0.02	-1.53	-6.3	-6.45
Net Income	240.91	370.96	137.99	-80.19	-492.81
Net Income to Common	240.91	370.96	137.99	-80.19	-492.81
Net Income Growth	-35.06%	168.84%	-	-	-
Shares Outstanding (Basic)	130	130	130	130	130
Shares Outstanding (Diluted)	130	130	130	130	130
EPS (Basic)	1.85	2.85	1.06	-0.62	-3.79
EPS (Diluted)	1.85	2.85	1.06	-0.62	-3.79
EPS Growth	-35.06%	168.84%	-	-	-
Free Cash Flow	486.31	815.21	679.01	255.9	-244.09
Free Cash Flow Per Share	3.74	6.27	5.22	1.97	-1.88
Dividend Per Share	1.000	1.000	1.000	-	-
Gross Margin	67.72%	68.95%	69.04%	62.69%	29.23%
Operating Margin	17.71%	18.08%	17.18%	-3.67%	-156.69%
Profit Margin	11.19%	15.69%	6.31%	-6.68%	-138.48%
Free Cash Flow Margin	22.58%	34.48%	31.06%	21.31%	-68.59%
EBITDA	549.89	596.31	537.48	129.61	-356.1
EBITDA Margin	25.54%	25.22%	24.59%	10.79%	-100.06%
D&A For EBITDA	168.58	168.78	161.94	173.68	201.52
EBIT	381.32	427.53	375.54	-44.06	-557.62
EBIT Margin	17.71%	18.08%	17.18%	-3.67%	-156.69%
Effective Tax Rate	34.17%	33.10%	56.88%	-	-
Revenue as Reported	2,153	2,430	2,186	1,201	355.87
Advertising Expenses	94.42	73.18	57.75	36.78	12.5

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