S&P Syndicate 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
Revenue	5,642	6,139	6,224	5,712	4,817
Revenue Growth (YoY)	-8.09%	-1.37%	8.97%	18.57%	-7.34%
Cost of Revenue	2,499	2,684	2,729	2,526	2,163
Gross Profit	3,143	3,455	3,496	3,185	2,654
Selling, General & Admin	2,888	3,006	2,951	2,659	2,299
Operating Expenses	2,888	3,006	2,951	2,659	2,299
Operating Income	255.13	449.01	544.46	525.88	354.36
Interest Expense	-37.25	-50.16	-62.73	-66.77	-67.22
Earnings From Equity Investments	28.89	40.94	30.05	23.58	2.27
Currency Exchange Gain (Loss)	-1.18	-3.65	7.89	-8.85	14.2
Other Non Operating Income (Expenses)	66.74	61.69	66.26	86.72	96.25
EBT Excluding Unusual Items	312.35	497.84	585.93	560.57	399.87
Pretax Income	312.35	497.84	585.93	560.57	399.87
Income Tax Expense	41.77	71.76	98.72	96.81	58.6
Earnings From Continuing Operations	270.57	426.07	487.22	463.76	341.27
Minority Interest in Earnings	-0.04	0.8	-1.98	-3.4	-1.25
Net Income	270.54	426.87	485.23	460.36	340.02
Net Income to Common	270.54	426.87	485.23	460.36	340.02
Net Income Growth	-36.62%	-12.03%	5.40%	35.39%	85.78%
Shares Outstanding (Basic)	512	515	514	512	491
Shares Outstanding (Diluted)	512	515	515	514	492
Shares Change (YoY)	-0.55%	-0.00%	0.14%	4.35%	0.43%
EPS (Basic)	0.53	0.83	0.94	0.90	0.69
EPS (Diluted)	0.53	0.83	0.94	0.90	0.69
EPS Growth	-36.28%	-11.76%	4.54%	30.32%	86.49%
Free Cash Flow	589.03	847.65	816.85	842.23	870.86
Free Cash Flow Per Share	1.15	1.65	1.59	1.64	1.77
Dividend Per Share	0.500	0.800	1.000	0.800	0.630
Dividend Growth	-37.50%	-20.00%	25.00%	26.98%	110.00%
Gross Margin	55.71%	56.28%	56.16%	55.77%	55.09%
Operating Margin	4.52%	7.31%	8.75%	9.21%	7.36%
Profit Margin	4.79%	6.95%	7.80%	8.06%	7.06%
Free Cash Flow Margin	10.44%	13.81%	13.12%	14.75%	18.08%
EBITDA	524.56	702.57	764.97	719.35	550.19
EBITDA Margin	9.30%	11.45%	12.29%	12.60%	11.42%
D&A For EBITDA	269.42	253.56	220.5	193.47	195.83
EBIT	255.13	449.01	544.46	525.88	354.36
EBIT Margin	4.52%	7.31%	8.75%	9.21%	7.36%
Effective Tax Rate	13.37%	14.41%	16.85%	17.27%	14.66%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.