Tipco Asphalt PCL (BKK:TASCO)

Tipco Asphalt PCL Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	27,795	27,964	31,106	33,401	27,053	26,155
Other Revenue	146.55	205.86	159.81	214.2	133.6	123.28
Revenue	27,941	28,170	31,266	33,615	27,186	26,279
Revenue Growth (YoY)	2.57%	-9.90%	-6.99%	23.65%	3.45%	-29.00%
Cost of Revenue	25,092	24,851	27,114	28,359	22,123	21,403
Gross Profit	2,849	3,319	4,151	5,255	5,064	4,875
Selling, General & Admin	1,207	1,243	1,262	1,314	1,354	1,378
Other Operating Expenses	-126.45	-22.96	-146.01	679.76	1,048	-802.63
Operating Expenses	940.19	1,498	1,327	2,114	2,436	632.95
Operating Income	1,909	1,821	2,824	3,141	2,628	4,242
Interest Expense	-136.61	-148.03	-142.97	-113.22	-118.12	-130.87
Interest & Investment Income	24.83	28.76	28.5	23.66	23.49	12.43
Earnings From Equity Investments	169.68	110.21	111.87	161.03	128.43	118.32
Currency Exchange Gain (Loss)	75.38	50.72	86.24	107.66	90.29	76.85
EBT Excluding Unusual Items	2,042	1,862	2,908	3,320	2,752	4,319
Asset Writedown	-14.22	2.68	0.63	-199.94	-37.97	-74.17
Other Unusual Items	-	-	-	-	20.75	-
Pretax Income	2,028	1,865	2,909	3,120	3,005	4,355
Income Tax Expense	433.32	410.96	583.2	737.55	753.42	757.34
Earnings From Continuing Operations	1,595	1,454	2,325	2,383	2,252	3,598
Minority Interest in Earnings	5.66	-37.03	-19.95	-16.2	-32.25	-5.68
Net Income	1,600	1,417	2,306	2,367	2,220	3,592
Net Income to Common	1,600	1,417	2,306	2,367	2,220	3,592
Net Income Growth	49.15%	-38.53%	-2.58%	6.61%	-38.20%	15.00%
Shares Outstanding (Basic)	1,570	1,578	1,578	1,578	1,578	1,578
Shares Outstanding (Diluted)	1,570	1,578	1,578	1,578	1,578	1,578
Shares Change (YoY)	-0.74%	-	-	-	0.03%	0.04%
EPS (Basic)	1.02	0.90	1.46	1.50	1.41	2.28
EPS (Diluted)	1.02	0.90	1.46	1.50	1.41	2.28
EPS Growth	50.26%	-38.53%	-2.58%	6.61%	-38.22%	14.97%
Free Cash Flow	916.56	291.85	3,747	2,489	244.11	4,855
Free Cash Flow Per Share	0.58	0.18	2.37	1.58	0.15	3.08
Dividend Per Share	0.900	0.900	1.250	1.250	1.050	1.600
Dividend Growth	-10.00%	-28.00%	-	19.05%	-34.38%	6.67%
Gross Margin	10.20%	11.78%	13.28%	15.63%	18.63%	18.55%
Operating Margin	6.83%	6.46%	9.03%	9.34%	9.67%	16.14%
Profit Margin	5.73%	5.03%	7.37%	7.04%	8.16%	13.67%
Free Cash Flow Margin	3.28%	1.04%	11.99%	7.40%	0.90%	18.47%
EBITDA	2,860	2,813	3,899	4,240	3,756	5,217
EBITDA Margin	10.24%	9.99%	12.47%	12.61%	13.82%	19.85%
D&A For EBITDA	951.03	992.31	1,074	1,099	1,128	974.99
EBIT	1,909	1,821	2,824	3,141	2,628	4,242
EBIT Margin	6.83%	6.46%	9.03%	9.34%	9.67%	16.14%
Effective Tax Rate	21.37%	22.03%	20.05%	23.64%	25.07%	17.39%
Revenue as Reported	28,017	28,220	31,352	33,722	27,277	26,355

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.