Trinity Watthana 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
Interest and Dividend Income	108.9	105.53	84.34	109.09	118.76
Total Interest Expense	95.96	128.13	141.77	117.08	86.24
Net Interest Income	12.93	-22.6	-57.43	-7.99	32.52
Brokerage Commission	300.94	395.8	387.18	569.56	611.51
Asset Management Fee	48.48	77.92	44.27	49.38	66.35
Other Revenue	37.72	57.6	-213.37	88.59	195.97
Revenue Before Loan Losses	400.07	508.73	160.66	699.53	906.35
Revenue	400.07	508.73	160.66	699.53	906.35
Revenue Growth (YoY)	-21.36%	216.65%	-77.03%	-22.82%	38.99%
Salaries & Employee Benefits	292.88	317.97	217.78	328.76	457.83
Cost of Services Provided	50.61	50.66	44.29	61.06	64.98
Other Operating Expenses	56.25	61.5	53.64	64.12	49
Total Operating Expenses	473.61	519.64	605.45	496.07	615.83
Operating Income	-73.54	-10.91	-444.79	203.46	290.52
EBT Excluding Unusual Items	-88.09	-2.69	-443.17	218.13	305.96
Pretax Income	-88.09	-2.69	-443.17	218.13	305.96
Income Tax Expense	-8.65	-3.2	-89.77	39.74	55.82
Net Income	-79.43	0.51	-353.4	178.4	250.14
Net Income to Common	-79.43	0.51	-353.4	178.4	250.14
Net Income Growth	-	-	-	-28.68%	91.76%
Shares Outstanding (Basic)	214	214	214	215	211
Shares Outstanding (Diluted)	214	214	214	215	214
Shares Change (YoY)	-	-	-0.25%	0.37%	7.50%
EPS (Basic)	-0.37	0.00	-1.65	0.83	1.18
EPS (Diluted)	-0.37	0.00	-1.65	0.83	1.17
EPS Growth	-	-	-	-29.06%	78.66%
Free Cash Flow	490.21	728.84	296.22	322.08	231.69
Free Cash Flow Per Share	2.29	3.40	1.38	1.50	1.08
Dividend Per Share	-	-	-	-	1.000
Dividend Growth	-	-	-	-	100.00%
Operating Margin	-18.38%	-2.15%	-276.85%	29.09%	32.05%
Profit Margin	-19.85%	0.10%	-219.97%	25.50%	27.60%
Free Cash Flow Margin	122.53%	143.27%	184.38%	46.04%	25.56%
Effective Tax Rate	-	-	-	18.22%	18.24%
Revenue as Reported	496.03	636.85	302.43	816.61	992.59

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