Sivarom Real Estate 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	506.43	862.27	924.17	725.08	559.25
Revenue	506.43	862.27	924.17	725.08	559.25
Revenue Growth (YoY)	-41.27%	-6.70%	27.46%	29.65%	1.83%
Cost of Revenue	420.38	646.41	648.74	497.6	389.31
Gross Profit	86.05	215.87	275.43	227.47	169.94
Selling, General & Admin	126.34	171.95	167.18	135.92	106.96
Other Operating Expenses	-0.24	-0.43	-0.2	-0.21	-5.17
Operating Expenses	126.1	171.52	166.97	135.71	101.79
Operating Income	-40.05	44.35	108.46	91.76	68.15
Interest Expense	-19.26	-15.01	-12.57	-15.19	-2.42
Interest & Investment Income	0.24	0.24	0.29	0.87	0.04
EBT Excluding Unusual Items	-59.06	29.57	96.18	77.44	65.77
Gain (Loss) on Sale of Investments	-	-	-	-	11.19
Pretax Income	-59.06	29.57	96.18	77.44	76.96
Income Tax Expense	-14.5	3.16	19.4	19.19	13.61
Earnings From Continuing Operations	-44.56	26.42	76.78	58.24	63.35
Minority Interest in Earnings	1.64	0.96	0.22	-1.34	-11.76
Net Income	-42.92	27.38	77	56.9	51.59
Net Income to Common	-42.92	27.38	77	56.9	51.59
Net Income Growth	-	-64.44%	35.32%	10.30%	21.39%
Shares Outstanding (Basic)	510	510	496	380	380
Shares Outstanding (Diluted)	510	510	496	380	380
Shares Change (YoY)	-	2.73%	30.65%	-	-
EPS (Basic)	-0.08	0.05	0.16	0.15	0.14
EPS (Diluted)	-0.08	0.05	0.16	0.15	0.14
EPS Growth	-	-65.39%	3.57%	10.30%	21.39%
Free Cash Flow	177.15	91.37	-845.95	-54.73	-44.36
Free Cash Flow Per Share	0.35	0.18	-1.70	-0.14	-0.12
Gross Margin	16.99%	25.04%	29.80%	31.37%	30.39%
Operating Margin	-7.91%	5.14%	11.74%	12.65%	12.19%
Profit Margin	-8.48%	3.17%	8.33%	7.85%	9.22%
Free Cash Flow Margin	34.98%	10.60%	-91.54%	-7.55%	-7.93%
EBITDA	-38.5	46.06	110.66	93.91	72.23
EBITDA Margin	-7.60%	5.34%	11.97%	12.95%	12.91%
D&A For EBITDA	1.55	1.71	2.2	2.15	4.07
EBIT	-40.05	44.35	108.46	91.76	68.15
EBIT Margin	-7.91%	5.14%	11.74%	12.65%	12.19%
Effective Tax Rate	-	10.67%	20.17%	24.79%	17.69%
Advertising Expenses	15.97	37.14	30.56	23.68	14.97

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