Thaivivat 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
Premiums & Annuity Revenue	7,681	6,871	6,714	6,257	5,417
Total Interest & Dividend Income	187.26	172.57	150.02	98.39	88.76
Gain (Loss) on Sale of Investments	-	0.41	0.51	-	0.01
Other Revenue	-6.15	250.24	142.27	40.39	248.2
Total Revenue	7,862	7,294	7,006	6,395	5,754
Revenue Growth (YoY)	7.78%	4.11%	9.55%	11.14%	22.68%
Policy Benefits	6,707	4,016	4,132	3,763	3,052
Policy Acquisition & Underwriting Costs	-	1,709	1,592	1,505	1,275
Selling, General & Administrative	-	1,098	928.34	867.27	783.47
Provision for Bad Debts	-0.34	-	-	-2.42	-
Other Operating Expenses	490.79	28.73	4.97	4.19	53.86
Total Operating Expenses	7,198	6,852	6,657	6,137	5,164
Operating Income	664.39	442.1	349.65	258	590.57
Interest Expense	-	-0.05	-0.07	-0.08	-0.1
Other Non Operating Income (Expenses)	22.98	-0.01	0.05	-	-0.7
Pretax Income	687.36	442.04	349.63	257.92	589.78
Income Tax Expense	141	86.97	71.18	54.66	117.77
Earnings From Continuing Ops.	546.36	355.07	278.45	203.26	472
Minority Interest in Earnings	-110.56	-6.15	-0.77	-0.25	0.22
Net Income	435.8	348.91	277.68	203.01	472.23
Net Income to Common	435.8	348.91	277.68	203.01	472.23
Net Income Growth	24.90%	25.65%	36.78%	-57.01%	506.19%
Shares Outstanding (Basic)	301	300	300	300	303
Shares Outstanding (Diluted)	301	300	300	300	303
Shares Change (YoY)	0.25%	-	-	-1.06%	-
EPS (Basic)	1.45	1.16	0.93	0.68	1.56
EPS (Diluted)	1.45	1.16	0.93	0.68	1.56
EPS Growth	24.58%	25.65%	36.78%	-56.55%	506.19%
Free Cash Flow	-732.15	404.99	37.18	-222.28	489.4
Free Cash Flow Per Share	-2.44	1.35	0.12	-0.74	1.61
Dividend Per Share	-	0.420	0.390	0.290	0.700
Dividend Growth	-	7.69%	34.48%	-58.57%	250.00%
Operating Margin	8.45%	6.06%	4.99%	4.03%	10.26%
Profit Margin	5.54%	4.78%	3.96%	3.17%	8.21%
Free Cash Flow Margin	-9.31%	5.55%	0.53%	-3.48%	8.51%
EBITDA	692.08	469.8	375.34	281.64	616.92
EBITDA Margin	8.80%	6.44%	5.36%	4.40%	10.72%
D&A For EBITDA	27.69	27.69	25.69	23.64	26.36
EBIT	664.39	442.1	349.65	258	590.57
EBIT Margin	8.45%	6.06%	4.99%	4.03%	10.26%
Effective Tax Rate	20.51%	19.68%	20.36%	21.19%	19.97%
Revenue as Reported	-	7,294	7,006	6,395	5,754

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