Thai Union Feedmill 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
Revenue	6,035	5,365	5,081	4,888	4,773
Revenue Growth (YoY)	12.48%	5.58%	3.95%	2.41%	14.09%
Cost of Revenue	4,695	4,361	4,642	4,482	4,278
Gross Profit	1,340	1,004	439.26	406.34	494.87
Selling, General & Admin	516.37	493.88	378.69	347.67	328.91
Operating Expenses	571.21	521.84	415.06	378.62	342.01
Operating Income	768.72	482.55	24.2	27.72	152.87
Interest Expense	-17.17	-14.37	-9.86	-26.27	-8.77
Currency Exchange Gain (Loss)	-	-	-	-	5.5
Other Non Operating Income (Expenses)	52.53	69.13	49.46	77.69	60.86
EBT Excluding Unusual Items	804.08	537.3	63.8	79.14	210.46
Gain (Loss) on Sale of Assets	-	-	-	0.17	-0.62
Asset Writedown	-17.11	-	-	-	-
Pretax Income	786.97	537.3	63.8	79.3	209.84
Income Tax Expense	77.1	3.83	-2.89	-8.97	0.17
Earnings From Continuing Operations	709.87	533.48	66.68	88.28	209.67
Minority Interest in Earnings	23.32	1.91	20.69	21.26	1.83
Net Income	733.19	535.39	87.37	109.54	211.5
Net Income to Common	733.19	535.39	87.37	109.54	211.5
Net Income Growth	36.95%	512.80%	-20.24%	-48.21%	-48.63%
Shares Outstanding (Basic)	1,000	1,000	1,000	1,000	851
Shares Outstanding (Diluted)	1,000	1,000	1,000	1,000	851
Shares Change (YoY)	-	-	-	17.54%	3.75%
EPS (Basic)	0.73	0.54	0.09	0.11	0.25
EPS (Diluted)	0.73	0.54	0.09	0.11	0.25
EPS Growth	36.95%	512.80%	-20.24%	-55.94%	-50.49%
Free Cash Flow	554	602.34	326.71	-146.24	-78.23
Free Cash Flow Per Share	0.55	0.60	0.33	-0.15	-0.09
Dividend Per Share	0.600	0.535	0.065	0.065	0.075
Dividend Growth	12.15%	723.08%	-	-13.33%	-75.00%
Gross Margin	22.20%	18.72%	8.64%	8.31%	10.37%
Operating Margin	12.74%	8.99%	0.48%	0.57%	3.20%
Profit Margin	12.15%	9.98%	1.72%	2.24%	4.43%
Free Cash Flow Margin	9.18%	11.23%	6.43%	-2.99%	-1.64%
EBITDA	915.21	635.83	196.58	205.49	295.21
EBITDA Margin	15.17%	11.85%	3.87%	4.20%	6.19%
D&A For EBITDA	146.49	153.28	172.39	177.77	142.34
EBIT	768.72	482.55	24.2	27.72	152.87
EBIT Margin	12.74%	8.99%	0.48%	0.57%	3.20%
Effective Tax Rate	9.80%	0.71%	-	-	0.08%

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