Thai Agro Energy PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,932	2,262	2,645	2,030	2,207	2,406
Other Revenue	23.06	27.96	34.39	1.59	0.6	2.61
Revenue	1,955	2,290	2,679	2,031	2,208	2,409
Revenue Growth (YoY)	-20.27%	-14.53%	31.89%	-8.00%	-8.33%	-5.07%
Cost of Revenue	1,866	2,049	2,414	1,929	2,142	2,207
Gross Profit	89.34	241.14	264.69	102.69	65.41	201.9
Selling, General & Admin	125.58	145.58	158.55	148.3	102.05	85.64
Operating Expenses	125.58	145.58	158.55	148.3	102.05	85.64
Operating Income	-36.24	95.56	106.14	-45.61	-36.64	116.26
Interest Expense	-56.91	-63.37	-69.42	-45.18	-36.78	-40.06
Interest & Investment Income	0.13	0.21	1.29	0.04	0.04	0.05
EBT Excluding Unusual Items	-93.02	32.41	38.01	-90.75	-73.38	76.24
Other Unusual Items	46.07	-3.42	-	-	-	-
Pretax Income	-46.94	28.99	38.01	-90.75	-73.38	76.24
Income Tax Expense	-8.63	6.53	7.73	-14.79	-14.97	6.07
Net Income	-38.32	22.46	30.28	-75.96	-58.42	70.17
Net Income to Common	-38.32	22.46	30.28	-75.96	-58.42	70.17
Net Income Growth	-	-25.83%	-	-	-	-86.34%
Shares Outstanding (Basic)	1,000	1,000	1,000	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,000	1,000	1,000	1,000	1,000	1,000
EPS (Basic)	-0.04	0.02	0.03	-0.08	-0.06	0.07
EPS (Diluted)	-0.04	0.02	0.03	-0.08	-0.06	0.07
EPS Growth	-	-25.83%	-	-	-	-86.34%
Free Cash Flow	19.62	174.33	596.79	-303.3	-149.53	831.23
Free Cash Flow Per Share	0.02	0.17	0.60	-0.30	-0.15	0.83
Dividend Per Share	-	-	-	-	-	0.080
Dividend Growth	-	-	-	-	-	-77.14%
Gross Margin	4.57%	10.53%	9.88%	5.05%	2.96%	8.38%
Operating Margin	-1.85%	4.17%	3.96%	-2.25%	-1.66%	4.83%
Profit Margin	-1.96%	0.98%	1.13%	-3.74%	-2.65%	2.91%
Free Cash Flow Margin	1.00%	7.61%	22.27%	-14.93%	-6.77%	34.51%
EBITDA	134.97	275.13	282.14	116.48	125.59	283.81
EBITDA Margin	6.90%	12.01%	10.53%	5.73%	5.69%	11.78%
D&A For EBITDA	171.21	179.57	176	162.1	162.24	167.56
EBIT	-36.24	95.56	106.14	-45.61	-36.64	116.26
EBIT Margin	-1.85%	4.17%	3.96%	-2.25%	-1.66%	4.83%
Effective Tax Rate	-	22.52%	20.33%	-	-	7.96%
Revenue as Reported	2,002	2,361	2,679	2,031	2,208	2,409

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