Thai Vegetable Oil PCL (BKK:TVO)

Thai Vegetable Oil PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	27,793	30,596	34,195	39,107	31,307
Other Revenue	205.24	-	-	-	-
Revenue	27,999	30,596	34,195	39,107	31,307
Revenue Growth (YoY)	-8.49%	-10.52%	-12.56%	24.91%	25.42%
Cost of Revenue	24,203	27,323	32,765	36,226	28,366
Gross Profit	3,795	3,273	1,430	2,882	2,942
Selling, General & Admin	948.79	868.47	818.32	894.4	795.77
Operating Expenses	941.85	859.53	800.99	888.92	804.77
Operating Income	2,853	2,414	628.58	1,993	2,137
Interest Expense	-3.93	-11.48	-19.72	-5.81	-4.19
Interest & Investment Income	-	88.2	45.54	50.19	24.16
Currency Exchange Gain (Loss)	10.26	1.35	-24.72	40.72	168.81
Other Non Operating Income (Expenses)	-123.75	162.47	299.01	123.9	299.62
EBT Excluding Unusual Items	2,736	2,654	928.69	2,202	2,625
Asset Writedown	-	-	-	-167.07	-
Pretax Income	2,736	2,654	928.69	2,035	2,625
Income Tax Expense	490.42	503.04	179.44	402.7	520.01
Earnings From Continuing Operations	2,246	2,151	749.25	1,632	2,105
Minority Interest in Earnings	-56.73	-48.1	-19.69	-27.69	-37.65
Net Income	2,189	2,103	729.56	1,604	2,068
Net Income to Common	2,189	2,103	729.56	1,604	2,068
Net Income Growth	4.07%	188.27%	-54.52%	-22.41%	24.87%
Shares Outstanding (Basic)	890	889	889	889	889
Shares Outstanding (Diluted)	890	889	889	889	889
Shares Change (YoY)	0.03%	-	-	-	-
EPS (Basic)	2.46	2.36	0.82	1.80	2.32
EPS (Diluted)	2.46	2.36	0.82	1.80	2.32
EPS Growth	4.04%	188.27%	-54.52%	-22.41%	24.87%
Free Cash Flow	1,237	3,648	292.53	1,993	474.1
Free Cash Flow Per Share	1.39	4.10	0.33	2.24	0.53
Dividend Per Share	-	1.730	0.810	1.050	2.000
Dividend Growth	-	113.58%	-22.86%	-47.50%	29.41%
Gross Margin	13.55%	10.70%	4.18%	7.37%	9.40%
Operating Margin	10.19%	7.89%	1.84%	5.10%	6.83%
Profit Margin	7.82%	6.87%	2.13%	4.10%	6.60%
Free Cash Flow Margin	4.42%	11.92%	0.85%	5.10%	1.51%
EBITDA	3,237	2,712	918.11	2,305	2,467
EBITDA Margin	11.56%	8.86%	2.69%	5.89%	7.88%
D&A For EBITDA	384.08	298.23	289.52	311.93	330.21
EBIT	2,853	2,414	628.58	1,993	2,137
EBIT Margin	10.19%	7.89%	1.84%	5.10%	6.83%
Effective Tax Rate	17.93%	18.95%	19.32%	19.79%	19.81%
Revenue as Reported	28,009	30,845	34,536	39,321	31,799
Advertising Expenses	-	11.38	18.92	38.29	33.68

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