BKK:TSI 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
Premiums & Annuity Revenue	1,168	1,228	396.05	395.52	333.85
Total Interest & Dividend Income	11.79	13.27	9.23	6.65	6.49
Other Revenue	0.77	-7.89	146.76	190.98	130.25
Total Revenue	1,180	1,234	552.04	593.16	470.59
Revenue Growth (YoY)	-4.30%	123.45%	-6.93%	26.05%	-19.56%
Policy Benefits	1,118	1,163	237.46	196.77	157.69
Policy Acquisition & Underwriting Costs	-	-	347.54	242.61	231.69
Selling, General & Administrative	-	-	126.01	125.78	122.99
Other Operating Expenses	60.36	68.34	7.3	7.25	6.29
Total Operating Expenses	1,178	1,232	718.32	572.41	518.66
Operating Income	2.36	1.84	-166.28	20.74	-48.07
Interest Expense	-	-	-2.2	-2.1	-2.8
Other Non Operating Income (Expenses)	8.21	2.57	-	-	-
EBT Excluding Unusual Items	10.57	4.42	-168.48	18.64	-50.87
Pretax Income	10.57	4.42	-168.48	18.64	-50.87
Income Tax Expense	-0.19	22.92	-8.99	45.81	8.97
Net Income	10.76	-18.5	-159.48	-27.16	-59.84
Net Income to Common	10.76	-18.5	-159.48	-27.16	-59.84
Shares Outstanding (Basic)	1,903	1,903	1,903	1,900	1,906
Shares Outstanding (Diluted)	1,903	1,903	1,903	1,900	1,906
Shares Change (YoY)	-	-0.01%	0.19%	-0.32%	-7.04%
EPS (Basic)	0.01	-0.01	-0.08	-0.01	-0.03
EPS (Diluted)	0.01	-0.01	-0.08	-0.01	-0.03
Free Cash Flow	-61.15	-21	64.62	-22.62	20.19
Free Cash Flow Per Share	-0.03	-0.01	0.03	-0.01	0.01
Operating Margin	0.20%	0.15%	-30.12%	3.50%	-10.21%
Profit Margin	0.91%	-1.50%	-28.89%	-4.58%	-12.72%
Free Cash Flow Margin	-5.18%	-1.70%	11.71%	-3.81%	4.29%
EBITDA	4.38	5.63	-161.72	24.36	-44.62
EBITDA Margin	0.37%	0.46%	-29.29%	4.11%	-9.48%
D&A For EBITDA	2.02	3.78	4.56	3.61	3.45
EBIT	2.36	1.84	-166.28	20.74	-48.07
EBIT Margin	0.20%	0.15%	-30.12%	3.50%	-10.21%
Effective Tax Rate	-	518.86%	-	245.69%	-
Revenue as Reported	-	-	552.04	593.16	470.59

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