Thai Oil PCL (BKK:TOP)

Thai Oil 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	368,509	397,031	422,467	472,341	281,657	182,951
Other Revenue	2,617	10,920	9,842	23,886	9,669	5,073
Revenue	371,127	407,951	432,309	496,227	291,326	188,024
Revenue Growth (YoY)	-17.51%	-5.63%	-12.88%	70.33%	54.94%	-37.06%
Cost of Revenue	366,085	391,184	399,229	447,775	265,385	195,411
Gross Profit	5,042	16,767	33,080	48,452	25,941	-7,387
Selling, General & Admin	3,932	3,874	3,521	4,182	3,056	2,650
Other Operating Expenses	-766.1	-602.19	-352.18	-413.97	-324.11	-
Operating Expenses	3,166	3,272	3,169	3,768	2,732	2,650
Operating Income	1,876	13,495	29,912	44,684	23,209	-10,036
Interest Expense	-3,948	-4,052	-4,089	-3,860	-3,595	-4,292
Interest & Investment Income	1,406	1,406	986.77	448.53	206.21	697.43
Earnings From Equity Investments	6,504	-131.68	83.75	-512.61	1,675	2,492
Currency Exchange Gain (Loss)	854.02	52.47	212.83	-64.45	-4,595	1,784
Other Non Operating Income (Expenses)	15.83	360.35	-2,850	-16,006	-2,406	238.17
EBT Excluding Unusual Items	6,708	11,130	24,257	24,690	14,495	-9,117
Gain (Loss) on Sale of Investments	-	-	-	17,334	605.41	5,801
Other Unusual Items	2,667	1,134	-	-	-	-
Pretax Income	9,375	12,264	24,257	42,024	15,100	-3,315
Income Tax Expense	840.53	2,283	4,672	8,918	2,034	-646.76
Earnings From Continuing Operations	8,534	9,981	19,585	33,106	13,066	-2,669
Earnings From Discontinued Operations	-	-	-	-	-63.33	-213.58
Net Income to Company	8,534	9,981	19,585	33,106	13,003	-2,882
Minority Interest in Earnings	-6.23	-22.37	-141.73	-438.1	-425.06	-419.23
Net Income	8,528	9,959	19,443	32,668	12,578	-3,301
Net Income to Common	8,528	9,959	19,443	32,668	12,578	-3,301
Net Income Growth	-66.13%	-48.78%	-40.48%	159.72%	-	-
Shares Outstanding (Basic)	2,233	2,234	2,234	2,090	2,040	2,040
Shares Outstanding (Diluted)	2,233	2,234	2,234	2,090	2,040	2,040
Shares Change (YoY)	-0.03%	-	6.89%	2.45%	-	-
EPS (Basic)	3.82	4.46	8.70	15.63	6.17	-1.62
EPS (Diluted)	3.82	4.46	8.70	15.63	6.17	-1.62
EPS Growth	-66.12%	-48.78%	-44.32%	153.51%	-	-
Free Cash Flow	24,050	30,399	-15,344	11,322	-24,642	-45,942
Free Cash Flow Per Share	10.77	13.61	-6.87	5.42	-12.08	-22.52
Dividend Per Share	0.700	1.900	3.400	3.700	2.600	0.700
Dividend Growth	-82.28%	-44.12%	-8.11%	42.31%	271.43%	-53.33%
Gross Margin	1.36%	4.11%	7.65%	9.76%	8.91%	-3.93%
Operating Margin	0.51%	3.31%	6.92%	9.01%	7.97%	-5.34%
Profit Margin	2.30%	2.44%	4.50%	6.58%	4.32%	-1.76%
Free Cash Flow Margin	6.48%	7.45%	-3.55%	2.28%	-8.46%	-24.43%
EBITDA	7,951	19,715	35,780	50,721	29,078	-4,315
EBITDA Margin	2.14%	4.83%	8.28%	10.22%	9.98%	-2.30%
D&A For EBITDA	6,075	6,220	5,868	6,037	5,869	5,721
EBIT	1,876	13,495	29,912	44,684	23,209	-10,036
EBIT Margin	0.51%	3.31%	6.92%	9.01%	7.97%	-5.34%
Effective Tax Rate	8.97%	18.62%	19.26%	21.22%	13.47%	-
Revenue as Reported	429,953	466,777	469,244	529,589	345,496	247,913

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