Siam Pan Group PCL (BKK:SPG)

Siam Pan Group PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	2,306	2,040	2,720	2,534	2,924
Other Revenue	7.35	11.21	11.01	9.01	8.57
Revenue	2,314	2,051	2,731	2,543	2,932
Revenue Growth (YoY)	12.80%	-24.91%	7.40%	-13.26%	12.44%
Cost of Revenue	1,583	1,410	1,865	1,748	1,918
Gross Profit	730.91	640.63	866.89	795.34	1,014
Selling, General & Admin	390.42	375.58	449.28	427.52	456.66
Other Operating Expenses	-2.97	-2.66	-3.01	-1.65	-3.39
Operating Expenses	387.45	372.92	446.27	425.86	453.27
Operating Income	343.46	267.71	420.62	369.48	560.61
Interest Expense	-1.83	-1.93	-1.97	-1.99	-2.2
Interest & Investment Income	60.84	50.17	31.87	9.29	14.32
EBT Excluding Unusual Items	402.48	315.95	450.52	376.78	572.72
Gain (Loss) on Sale of Assets	2.17	3.32	3.06	2.94	3.22
Pretax Income	404.65	319.27	453.58	379.72	575.94
Income Tax Expense	84.75	64.48	91.8	76.04	114.25
Earnings From Continuing Operations	319.89	254.79	361.78	303.68	461.69
Earnings From Discontinued Operations	-	-8.05	-18.06	41.02	-
Net Income to Company	319.89	246.74	343.71	344.7	461.69
Minority Interest in Earnings	-0	-0	0	-0.61	-1.66
Net Income	319.89	246.74	343.72	344.09	460.03
Net Income to Common	319.89	246.74	343.72	344.09	460.03
Net Income Growth	29.65%	-28.21%	-0.11%	-25.20%	23.38%
Shares Outstanding (Basic)	345	345	345	345	345
Shares Outstanding (Diluted)	345	345	345	345	345
EPS (Basic)	0.93	0.72	1.00	1.00	1.33
EPS (Diluted)	0.93	0.72	1.00	1.00	1.33
EPS Growth	29.65%	-28.21%	-0.11%	-25.20%	23.38%
Free Cash Flow	643.94	266.9	485.49	238.22	202.52
Free Cash Flow Per Share	1.87	0.77	1.41	0.69	0.59
Dividend Per Share	0.800	0.400	0.800	0.800	0.900
Dividend Growth	100.00%	-50.00%	-	-11.11%	100.00%
Gross Margin	31.59%	31.23%	31.74%	31.27%	34.58%
Operating Margin	14.85%	13.05%	15.40%	14.53%	19.12%
Profit Margin	13.83%	12.03%	12.58%	13.53%	15.69%
Free Cash Flow Margin	27.83%	13.01%	17.77%	9.37%	6.91%
EBITDA	399.71	329.89	487.59	445.85	640.22
EBITDA Margin	17.28%	16.08%	17.85%	17.53%	21.83%
D&A For EBITDA	56.24	62.18	66.97	76.37	79.61
EBIT	343.46	267.71	420.62	369.48	560.61
EBIT Margin	14.85%	13.05%	15.40%	14.53%	19.12%
Effective Tax Rate	20.95%	20.20%	20.24%	20.03%	19.84%
Revenue as Reported	2,380	2,107	2,769	2,557	2,953
Advertising Expenses	18.14	22.63	-	-	-

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