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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	28,664	27,793	30,596	34,195	39,107	31,307
Revenue	28,664	27,793	30,596	34,195	39,107	31,307
Revenue Growth (YoY)	-3.61%	-9.16%	-10.52%	-12.56%	24.91%	25.42%
Cost of Revenue	25,141	24,203	27,323	32,765	36,226	28,366
Gross Profit	3,524	3,590	3,273	1,430	2,882	2,942
Selling, General & Admin	947.65	948.79	868.47	818.32	894.4	795.77
Operating Expenses	959.5	941.85	859.53	800.99	888.92	804.77
Operating Income	2,564	2,648	2,414	628.58	1,993	2,137
Interest Expense	-3.89	-3.93	-11.48	-19.72	-5.81	-4.19
Interest & Investment Income	98.55	98.66	88.2	45.54	50.19	24.16
Currency Exchange Gain (Loss)	-44.6	10.26	1.35	-24.72	40.72	168.81
Other Non Operating Income (Expenses)	288.73	-17.16	162.47	299.01	123.9	299.62
EBT Excluding Unusual Items	2,903	2,736	2,654	928.69	2,202	2,625
Asset Writedown	-	-	-	-	-167.07	-
Pretax Income	2,903	2,736	2,654	928.69	2,035	2,625
Income Tax Expense	486.53	490.42	503.04	179.44	402.7	520.01
Earnings From Continuing Operations	2,417	2,246	2,151	749.25	1,632	2,105
Minority Interest in Earnings	-52.57	-56.73	-48.1	-19.69	-27.69	-37.65
Net Income	2,364	2,189	2,103	729.56	1,604	2,068
Net Income to Common	2,364	2,189	2,103	729.56	1,604	2,068
Net Income Growth	1.54%	4.07%	188.27%	-54.52%	-22.41%	24.87%
Shares Outstanding (Basic)	889	889	889	889	889	889
Shares Outstanding (Diluted)	889	889	889	889	889	889
EPS (Basic)	2.66	2.46	2.36	0.82	1.80	2.32
EPS (Diluted)	2.66	2.46	2.36	0.82	1.80	2.32
EPS Growth	1.54%	4.07%	188.27%	-54.52%	-22.41%	24.87%
Free Cash Flow	643.53	1,237	3,648	292.53	1,993	474.1
Free Cash Flow Per Share	0.72	1.39	4.10	0.33	2.24	0.53
Dividend Per Share	1.970	1.970	1.730	0.810	1.050	2.000
Dividend Growth	13.87%	13.87%	113.58%	-22.86%	-47.50%	29.41%
Gross Margin	12.29%	12.92%	10.70%	4.18%	7.37%	9.40%
Operating Margin	8.95%	9.53%	7.89%	1.84%	5.10%	6.83%
Profit Margin	8.25%	7.88%	6.87%	2.13%	4.10%	6.60%
Free Cash Flow Margin	2.25%	4.45%	11.92%	0.85%	5.10%	1.51%
EBITDA	2,978	3,027	2,712	918.11	2,305	2,467
EBITDA Margin	10.39%	10.89%	8.86%	2.69%	5.89%	7.88%
D&A For EBITDA	413.09	379.28	298.23	289.52	311.93	330.21
EBIT	2,564	2,648	2,414	628.58	1,993	2,137
EBIT Margin	8.95%	9.53%	7.89%	1.84%	5.10%	6.83%
Effective Tax Rate	16.76%	17.93%	18.95%	19.32%	19.79%	19.81%
Revenue as Reported	29,186	28,009	30,845	34,536	39,321	31,799
Advertising Expenses	-	14.25	11.38	18.92	38.29	33.68

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