TVD Holdings 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
Revenue	912.11	1,354	1,825	2,120	2,730
Revenue Growth (YoY)	-32.63%	-25.84%	-13.88%	-22.34%	-23.94%
Cost of Revenue	442.54	636.01	1,010	1,196	1,655
Gross Profit	469.56	717.87	815.56	923.82	1,075
Selling, General & Admin	534.43	708.51	1,235	1,423	1,412
Other Operating Expenses	-4.78	-20.1	-16.63	-12.99	-26.02
Operating Expenses	691.91	682.08	1,219	1,410	1,386
Operating Income	-222.34	35.79	-403.24	-486.36	-311.42
Interest Expense	-21.97	-20.98	-28.65	-15.23	-6.4
Interest & Investment Income	-	-	1.04	14.25	0.28
Currency Exchange Gain (Loss)	-	-	-	0.29	3.44
EBT Excluding Unusual Items	-244.31	14.81	-430.85	-487.06	-314.09
Gain (Loss) on Sale of Investments	221.19	18.9	-	-	-
Gain (Loss) on Sale of Assets	59.52	-	-46.39	-2.86	0.19
Asset Writedown	-6.89	-	-	-	-
Pretax Income	29.51	33.72	-477.24	-489.92	-313.9
Income Tax Expense	11.75	11.46	-38.7	-94.07	-48.18
Earnings From Continuing Operations	17.77	22.25	-438.54	-395.85	-265.71
Minority Interest in Earnings	-	-0.13	19.58	47.24	5.9
Net Income	17.77	22.13	-418.95	-348.61	-259.82
Net Income to Common	17.77	22.13	-418.95	-348.61	-259.82
Net Income Growth	-19.71%	-	-	-	-
Shares Outstanding (Basic)	1,752	1,752	1,722	1,513	863
Shares Outstanding (Diluted)	1,752	1,752	1,722	1,513	863
Shares Change (YoY)	-	1.75%	13.86%	75.22%	22.58%
EPS (Basic)	0.01	0.01	-0.24	-0.23	-0.30
EPS (Diluted)	0.01	0.01	-0.24	-0.23	-0.30
EPS Growth	-19.71%	-	-	-	-
Free Cash Flow	12.71	56.04	93.8	-281.86	-379.74
Free Cash Flow Per Share	0.01	0.03	0.05	-0.19	-0.44
Gross Margin	51.48%	53.02%	44.68%	43.58%	39.37%
Operating Margin	-24.38%	2.64%	-22.09%	-22.95%	-11.41%
Profit Margin	1.95%	1.63%	-22.95%	-16.45%	-9.52%
Free Cash Flow Margin	1.39%	4.14%	5.14%	-13.30%	-13.91%
EBITDA	-209.89	61.65	-367.42	-442.37	-256.06
EBITDA Margin	-23.01%	4.55%	-20.13%	-20.87%	-9.38%
D&A For EBITDA	12.46	25.86	35.82	43.99	55.36
EBIT	-222.34	35.79	-403.24	-486.36	-311.42
EBIT Margin	-24.38%	2.64%	-22.09%	-22.95%	-11.41%
Effective Tax Rate	39.80%	33.99%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.