Tipco Foods PCL (BKK:TIPCO)

Tipco Foods 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	1,982	1,955	1,932	2,895	2,428	2,500
Other Revenue	61.38	61.38	9.41	-	-	-
Revenue	2,043	2,016	1,942	2,895	2,428	2,500
Revenue Growth (YoY)	2.81%	3.83%	-32.94%	19.27%	-2.90%	-31.11%
Cost of Revenue	1,313	1,399	1,382	2,314	1,835	2,064
Gross Profit	729.71	617.18	559.71	580.9	592.46	435.74
Selling, General & Admin	666.95	703.39	732.45	944.07	741.14	788.04
Other Operating Expenses	-44.63	-75.73	-87.03	-89.09	-96.43	-75.69
Operating Expenses	622.33	627.65	645.42	854.98	644.71	712.35
Operating Income	107.38	-10.48	-85.71	-274.08	-52.25	-276.62
Interest Expense	-72.85	-73.29	-59.48	-43.24	-38.7	-50.96
Interest & Investment Income	0	0	0.01	0.01	0.02	0.05
Earnings From Equity Investments	369.14	329.96	540.29	554.58	520.18	836.97
Currency Exchange Gain (Loss)	4.01	-0.35	1.09	4.05	-16.04	-24.19
EBT Excluding Unusual Items	407.68	245.85	396.19	241.32	413.2	485.25
Pretax Income	402.68	245.85	396.19	241.32	413.2	485.25
Income Tax Expense	71.83	47.79	-18.3	-38.5	-15.4	3.44
Earnings From Continuing Operations	330.85	198.06	414.49	279.82	428.6	481.81
Earnings From Discontinued Operations	-72.17	-290.16	-168.75	-	-	-
Net Income to Company	258.68	-92.1	245.75	279.82	428.6	481.81
Net Income	258.68	-92.1	245.75	279.82	428.6	481.81
Net Income to Common	258.68	-92.1	245.75	279.82	428.6	481.81
Net Income Growth	-	-	-12.18%	-34.71%	-11.04%	132.01%
Shares Outstanding (Basic)	483	483	483	483	482	482
Shares Outstanding (Diluted)	483	483	483	483	482	482
Shares Change (YoY)	-	-	-	0.21%	-0.05%	-0.24%
EPS (Basic)	0.54	-0.19	0.51	0.58	0.89	1.00
EPS (Diluted)	0.54	-0.19	0.51	0.58	0.89	1.00
EPS Growth	-	-	-12.18%	-34.85%	-11.00%	132.56%
Free Cash Flow	-28.51	-177.76	-139.03	-82.81	172.33	29.49
Free Cash Flow Per Share	-0.06	-0.37	-0.29	-0.17	0.36	0.06
Dividend Per Share	0.180	0.180	0.740	0.890	0.770	0.940
Dividend Growth	-71.43%	-75.68%	-16.85%	15.58%	-18.09%	176.47%
Gross Margin	35.71%	30.61%	28.83%	20.06%	24.41%	17.43%
Operating Margin	5.26%	-0.52%	-4.41%	-9.47%	-2.15%	-11.06%
Profit Margin	12.66%	-4.57%	12.66%	9.66%	17.66%	19.27%
Free Cash Flow Margin	-1.40%	-8.82%	-7.16%	-2.86%	7.10%	1.18%
EBITDA	271.52	166.89	119.72	46.34	318.06	71.99
EBITDA Margin	13.29%	8.28%	6.17%	1.60%	13.10%	2.88%
D&A For EBITDA	164.14	177.37	205.44	320.43	370.31	348.6
EBIT	107.38	-10.48	-85.71	-274.08	-52.25	-276.62
EBIT Margin	5.26%	-0.52%	-4.41%	-9.47%	-2.15%	-11.06%
Effective Tax Rate	17.84%	19.44%	-	-	-	0.71%
Revenue as Reported	2,090	2,092	2,030	2,988	2,524	2,576

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