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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,094	1,950	2,262	2,645	2,030	2,207
Other Revenue	23.5	18.21	27.96	34.39	1.59	0.6
Revenue	2,118	1,968	2,290	2,679	2,031	2,208
Revenue Growth (YoY)	0.30%	-14.05%	-14.53%	31.89%	-8.00%	-8.33%
Cost of Revenue	1,817	1,816	2,049	2,414	1,929	2,142
Gross Profit	300.33	152.2	241.14	264.69	102.69	65.41
Selling, General & Admin	108.78	106.28	145.58	158.55	148.3	102.05
Operating Expenses	108.78	106.28	145.58	158.55	148.3	102.05
Operating Income	191.56	45.92	95.56	106.14	-45.61	-36.64
Interest Expense	-53.56	-55.66	-63.37	-69.42	-45.18	-36.78
Interest & Investment Income	0.11	0.11	0.21	1.29	0.04	0.04
EBT Excluding Unusual Items	138.08	-9.63	32.41	38.01	-90.75	-73.38
Other Unusual Items	-	-	-3.42	-	-	-
Pretax Income	138.08	-9.63	28.99	38.01	-90.75	-73.38
Income Tax Expense	19.68	-1.5	6.53	7.73	-14.79	-14.97
Net Income	118.4	-8.12	22.46	30.28	-75.96	-58.42
Net Income to Common	118.4	-8.12	22.46	30.28	-75.96	-58.42
Net Income Growth	355.18%	-	-25.83%	-	-	-
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)	0.12	-0.01	0.02	0.03	-0.08	-0.06
EPS (Diluted)	0.12	-0.01	0.02	0.03	-0.08	-0.06
EPS Growth	357.93%	-	-25.83%	-	-	-
Free Cash Flow	201.9	32.57	174.33	596.79	-303.3	-149.53
Free Cash Flow Per Share	0.20	0.03	0.17	0.60	-0.30	-0.15
Gross Margin	14.18%	7.73%	10.53%	9.88%	5.05%	2.96%
Operating Margin	9.04%	2.33%	4.17%	3.96%	-2.25%	-1.66%
Profit Margin	5.59%	-0.41%	0.98%	1.13%	-3.74%	-2.65%
Free Cash Flow Margin	9.53%	1.65%	7.61%	22.27%	-14.93%	-6.77%
EBITDA	364.5	220.27	275.13	282.14	116.48	125.59
EBITDA Margin	17.21%	11.19%	12.01%	10.53%	5.73%	5.69%
D&A For EBITDA	172.95	174.36	179.57	176	162.1	162.24
EBIT	191.56	45.92	95.56	106.14	-45.61	-36.64
EBIT Margin	9.04%	2.33%	4.17%	3.96%	-2.25%	-1.66%
Effective Tax Rate	14.25%	-	22.52%	20.33%	-	-
Revenue as Reported	2,118	1,968	2,361	2,679	2,031	2,208

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