Trinity Watthana PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	109.35	100.38	84.34	109.09	118.76	95.5
Total Interest Expense	104.09	128.13	141.77	117.08	86.24	60.11
Net Interest Income	5.26	-27.75	-57.43	-7.99	32.52	35.39
Brokerage Commission	347.18	400.95	387.18	569.56	611.51	446.68
Asset Management Fee	79.31	77.92	44.27	49.38	66.35	17.13
Other Revenue	39.71	57.6	-213.37	88.59	195.97	152.92
Revenue Before Loan Losses	471.46	508.73	160.66	699.53	906.35	652.11
Revenue	471.46	508.73	160.66	699.53	906.35	652.11
Revenue Growth (YoY)	17.28%	216.65%	-77.03%	-22.82%	38.99%	6.96%
Salaries & Employee Benefits	312.28	317.97	217.78	328.76	457.83	360.21
Cost of Services Provided	54.56	50.66	44.29	61.06	64.98	54.93
Other Operating Expenses	59.51	61.5	53.64	64.12	49	46.88
Total Operating Expenses	521.91	519.64	605.45	496.07	615.83	501.79
Operating Income	-50.45	-10.91	-444.79	203.46	290.52	150.32
EBT Excluding Unusual Items	-38.14	-2.69	-443.17	218.13	305.96	155.38
Other Unusual Items	-	-	-	-	-	0.16
Pretax Income	-38.14	-2.69	-443.17	218.13	305.96	155.54
Income Tax Expense	-9.51	-3.2	-89.77	39.74	55.82	25.1
Net Income	-28.63	0.51	-353.4	178.4	250.14	130.45
Net Income to Common	-28.63	0.51	-353.4	178.4	250.14	130.45
Net Income Growth	-	-	-	-28.68%	91.76%	34.85%
Shares Outstanding (Basic)	214	214	214	215	211	199
Shares Outstanding (Diluted)	214	214	214	215	214	199
Shares Change (YoY)	-0.02%	-	-0.25%	0.37%	7.50%	-
EPS (Basic)	-0.13	0.00	-1.65	0.83	1.18	0.65
EPS (Diluted)	-0.13	0.00	-1.65	0.83	1.17	0.65
EPS Growth	-	-	-	-29.06%	78.66%	34.85%
Free Cash Flow	607.09	693.84	296.22	322.08	231.69	148.85
Free Cash Flow Per Share	2.83	3.24	1.38	1.50	1.08	0.75
Dividend Per Share	-	-	-	-	1.000	0.500
Dividend Growth	-	-	-	-	100.00%	13.64%
Operating Margin	-10.70%	-2.15%	-276.85%	29.09%	32.05%	23.05%
Profit Margin	-6.07%	0.10%	-219.97%	25.50%	27.60%	20.00%
Free Cash Flow Margin	128.77%	136.39%	184.38%	46.04%	25.56%	22.82%
Effective Tax Rate	-	-	-	18.22%	18.24%	16.13%
Revenue as Reported	575.55	636.85	302.43	816.61	992.59	712.38

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