TOA Paint (Thailand) 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
Operating Revenue	21,589	21,140	22,279	20,649	17,570
Revenue	21,589	21,140	22,279	20,649	17,570
Revenue Growth (YoY)	2.13%	-5.11%	7.89%	17.52%	7.82%
Cost of Revenue	13,303	13,836	14,745	14,646	11,823
Gross Profit	8,286	7,304	7,534	6,003	5,747
Selling, General & Admin	4,479	4,480	4,313	4,008	3,509
Operating Expenses	4,479	4,480	4,313	4,008	3,509
Operating Income	3,807	2,824	3,221	1,995	2,238
Interest Expense	-43.12	-55.26	-41.91	-38.19	-34.81
Interest & Investment Income	3.27	101.69	74.42	48.24	51.23
Currency Exchange Gain (Loss)	-400.66	-388.1	-71.69	-146.84	50.79
Other Non Operating Income (Expenses)	186.87	115.36	125.27	128.46	86.34
EBT Excluding Unusual Items	3,553	2,598	3,308	1,987	2,391
Impairment of Goodwill	-	-19.21	-	-	-
Gain (Loss) on Sale of Investments	90.53	39.94	22.89	-107.06	69.21
Asset Writedown	-	-	-	6.31	-6.31
Pretax Income	3,644	2,619	3,330	1,886	2,454
Income Tax Expense	697.4	643.7	693.73	452.24	528.04
Earnings From Continuing Operations	2,946	1,975	2,637	1,434	1,926
Net Income to Company	2,946	1,975	2,637	1,434	1,926
Minority Interest in Earnings	-29.46	-55.49	-67.47	-16.35	28.78
Net Income	2,917	1,920	2,569	1,417	1,955
Net Income to Common	2,917	1,920	2,569	1,417	1,955
Net Income Growth	51.96%	-25.29%	81.29%	-27.51%	-3.75%
Shares Outstanding (Basic)	1,945	2,008	2,029	2,029	2,029
Shares Outstanding (Diluted)	1,945	2,008	2,029	2,029	2,029
Shares Change (YoY)	-3.14%	-1.05%	-	-	-
EPS (Basic)	1.50	0.96	1.27	0.70	0.96
EPS (Diluted)	1.50	0.96	1.27	0.70	0.96
EPS Growth	56.89%	-24.49%	81.29%	-27.51%	-3.75%
Free Cash Flow	3,285	2,193	2,750	852	2,260
Free Cash Flow Per Share	1.69	1.09	1.35	0.42	1.11
Dividend Per Share	-	0.600	0.680	0.500	0.500
Dividend Growth	-	-11.77%	36.00%	-	-5.66%
Gross Margin	38.38%	34.55%	33.82%	29.07%	32.71%
Operating Margin	17.63%	13.36%	14.46%	9.66%	12.74%
Profit Margin	13.51%	9.08%	11.53%	6.86%	11.13%
Free Cash Flow Margin	15.22%	10.38%	12.34%	4.13%	12.86%
EBITDA	4,550	3,321	3,667	2,425	2,614
EBITDA Margin	21.07%	15.71%	16.46%	11.74%	14.88%
D&A For EBITDA	742.9	496.99	445.22	429.95	376.45
EBIT	3,807	2,824	3,221	1,995	2,238
EBIT Margin	17.63%	13.36%	14.46%	9.66%	12.74%
Effective Tax Rate	19.14%	24.58%	20.83%	23.98%	21.52%
Advertising Expenses	-	616.17	639.14	631.97	497.62

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