Thai Vegetable Oil PCL (BKK:TVO)

Thai Vegetable 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	27,841	30,596	34,195	39,107	31,307	24,963
Other Revenue	34.89	-	-	-	-	-
Revenue	27,876	30,596	34,195	39,107	31,307	24,963
Revenue Growth (YoY)	-9.92%	-10.52%	-12.56%	24.91%	25.42%	5.24%
Cost of Revenue	23,947	27,323	32,765	36,226	28,366	22,117
Gross Profit	3,929	3,273	1,430	2,882	2,942	2,845
Selling, General & Admin	922.08	868.47	818.32	894.4	795.77	798.48
Other Operating Expenses	-	-	-	-	-	10.16
Operating Expenses	909.73	859.53	800.99	888.92	804.77	808.64
Operating Income	3,020	2,414	628.58	1,993	2,137	2,037
Interest Expense	-4.19	-11.48	-19.72	-5.81	-4.19	-3.42
Interest & Investment Income	88.2	88.2	45.54	50.19	24.16	18.07
Currency Exchange Gain (Loss)	-30.88	1.35	-24.72	40.72	168.81	17
Other Non Operating Income (Expenses)	66.57	162.47	299.01	123.9	299.62	67.06
EBT Excluding Unusual Items	3,139	2,654	928.69	2,202	2,625	2,135
Asset Writedown	-	-	-	-167.07	-	-
Pretax Income	3,139	2,654	928.69	2,035	2,625	2,135
Income Tax Expense	606.39	503.04	179.44	402.7	520.01	412.7
Earnings From Continuing Operations	2,533	2,151	749.25	1,632	2,105	1,723
Minority Interest in Earnings	-58.14	-48.1	-19.69	-27.69	-37.65	-66.96
Net Income	2,475	2,103	729.56	1,604	2,068	1,656
Net Income to Common	2,475	2,103	729.56	1,604	2,068	1,656
Net Income Growth	53.60%	188.27%	-54.52%	-22.41%	24.87%	17.39%
Shares Outstanding (Basic)	893	889	889	889	889	889
Shares Outstanding (Diluted)	893	889	889	889	889	889
Shares Change (YoY)	0.54%	-	-	-	-	-
EPS (Basic)	2.77	2.36	0.82	1.80	2.32	1.86
EPS (Diluted)	2.77	2.36	0.82	1.80	2.32	1.86
EPS Growth	52.77%	188.27%	-54.52%	-22.41%	24.87%	17.39%
Free Cash Flow	2,866	3,648	292.53	1,993	474.1	1,862
Free Cash Flow Per Share	3.21	4.10	0.33	2.24	0.53	2.09
Dividend Per Share	1.730	1.730	0.810	1.050	2.000	1.546
Dividend Growth	166.15%	113.58%	-22.86%	-47.50%	29.41%	17.24%
Gross Margin	14.10%	10.70%	4.18%	7.37%	9.40%	11.40%
Operating Margin	10.83%	7.89%	1.84%	5.10%	6.83%	8.16%
Profit Margin	8.88%	6.87%	2.13%	4.10%	6.60%	6.63%
Free Cash Flow Margin	10.28%	11.92%	0.85%	5.10%	1.51%	7.46%
EBITDA	3,355	2,712	918.11	2,305	2,467	2,383
EBITDA Margin	12.03%	8.86%	2.69%	5.89%	7.88%	9.55%
D&A For EBITDA	334.86	298.23	289.52	311.93	330.21	346.1
EBIT	3,020	2,414	628.58	1,993	2,137	2,037
EBIT Margin	10.83%	7.89%	1.84%	5.10%	6.83%	8.16%
Effective Tax Rate	19.32%	18.95%	19.32%	19.79%	19.81%	19.33%
Revenue as Reported	28,096	30,845	34,536	39,321	31,799	25,062
Advertising Expenses	-	11.38	18.92	38.29	33.68	61.88

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.