Thachang Green Energy 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	1,226	1,000	911.16	938.09	781.16
Revenue Growth (YoY)	22.59%	9.79%	-2.87%	20.09%	10.37%
Selling, General & Admin	67.31	57.58	53.38	56.74	53.08
Other Operating Expenses	900.27	649.86	604.15	630.49	502.58
Total Operating Expenses	967.57	707.44	657.53	687.23	555.66
Operating Income	258.7	292.88	253.63	250.86	225.5
Interest Expense	-	-40.55	-47.5	-50.58	-47.61
Interest Income	-	5.96	4.46	1.21	0.38
Net Interest Expense	-	-34.59	-43.04	-49.38	-47.23
Currency Exchange Gain (Loss)	1.04	0.1	-0.06	-0.57	-1.78
Other Non-Operating Income (Expenses)	-18.71	1.77	3.82	2	3.55
EBT Excluding Unusual Items	241.03	260.16	214.35	202.92	180.04
Insurance Settlements	-	4.55	28.95	14.25	22.41
Pretax Income	241.03	264.71	243.31	217.17	202.45
Income Tax Expense	9.3	13.27	3.34	0.74	0.35
Earnings From Continuing Ops.	231.73	251.44	239.97	216.43	202.1
Minority Interest in Earnings	-0	-0	-0	0	0
Net Income	231.73	251.44	239.97	216.43	202.1
Net Income to Common	231.73	251.44	239.97	216.43	202.1
Net Income Growth	-7.84%	4.78%	10.88%	7.09%	21.09%
Shares Outstanding (Basic)	2,575	2,200	2,200	1,828	1,600
Shares Outstanding (Diluted)	2,575	2,342	2,200	1,828	1,600
Shares Change (YoY)	9.94%	6.46%	20.32%	14.28%	-
EPS (Basic)	0.09	0.11	0.11	0.12	0.13
EPS (Diluted)	0.09	0.11	0.11	0.12	0.13
EPS Growth	-18.18%	0.85%	-7.85%	-6.29%	21.09%
Free Cash Flow	183.29	246.66	241.45	344.03	165.97
Free Cash Flow Per Share	0.07	0.10	0.11	0.19	0.10
Dividend Per Share	-	0.003	0.003	0.003	0.152
Dividend Growth	-	22.31%	4.00%	-98.35%	27.84%
Profit Margin	18.90%	25.14%	26.34%	23.07%	25.87%
Free Cash Flow Margin	14.95%	24.66%	26.50%	36.67%	21.25%
EBITDA	417.22	436.85	395.18	386.88	345.8
EBITDA Margin	34.02%	43.67%	43.37%	41.24%	44.27%
D&A For EBITDA	158.53	143.97	141.56	136.02	120.3
EBIT	258.7	292.88	253.63	250.86	225.5
EBIT Margin	21.10%	29.28%	27.83%	26.74%	28.87%
Effective Tax Rate	3.86%	5.01%	1.37%	0.34%	0.17%

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