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	73.33	11.21	11.01	9.01	8.57
Revenue	2,380	2,051	2,731	2,543	2,932
Revenue Growth (YoY)	16.01%	-24.91%	7.40%	-13.26%	12.44%
Cost of Revenue	1,583	1,410	1,865	1,748	1,918
Gross Profit	796.89	640.63	866.89	795.34	1,014
Selling, General & Admin	390.42	375.58	449.28	427.52	456.66
Other Operating Expenses	-	-2.66	-3.01	-1.65	-3.39
Operating Expenses	390.42	372.92	446.27	425.86	453.27
Operating Income	406.47	267.71	420.62	369.48	560.61
Interest Expense	-1.83	-1.93	-1.97	-1.99	-2.2
Interest & Investment Income	-	50.17	31.87	9.29	14.32
EBT Excluding Unusual Items	404.65	315.95	450.52	376.78	572.72
Gain (Loss) on Sale of Assets	-	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)	344	345	345	345	345
Shares Outstanding (Diluted)	344	345	345	345	345
Shares Change (YoY)	-0.30%	-	-	-	-
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	30.03%	-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	-	0.400	0.800	0.800	0.900
Dividend Growth	-	-50.00%	-	-11.11%	100.00%
Gross Margin	33.49%	31.23%	31.74%	31.27%	34.58%
Operating Margin	17.08%	13.05%	15.40%	14.53%	19.12%
Profit Margin	13.44%	12.03%	12.58%	13.53%	15.69%
Free Cash Flow Margin	27.06%	13.01%	17.77%	9.37%	6.91%
EBITDA	466.6	329.89	487.59	445.85	640.22
EBITDA Margin	19.61%	16.08%	17.85%	17.53%	21.83%
D&A For EBITDA	60.12	62.18	66.97	76.37	79.61
EBIT	406.47	267.71	420.62	369.48	560.61
EBIT Margin	17.08%	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

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