Thai Wah PCL (BKK:TWPC)

Thai Wah 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	9,481	10,037	10,231	10,421	9,105	7,090
Other Revenue	98.61	90.3	52.99	42.47	86.4	45.77
Revenue	9,579	10,127	10,284	10,463	9,192	7,136
Revenue Growth (YoY)	-6.42%	-1.52%	-1.71%	13.83%	28.81%	-3.07%
Cost of Revenue	7,527	8,529	8,687	8,563	7,309	5,977
Gross Profit	2,052	1,598	1,597	1,900	1,883	1,159
Selling, General & Admin	1,693	1,568	1,492	1,479	1,390	1,113
Operating Expenses	1,693	1,568	1,492	1,479	1,390	1,113
Operating Income	359.55	29.49	105.15	421.36	493.27	46.05
Interest Expense	-64.25	-97.37	-77.63	-60.41	-67.17	-68.83
Interest & Investment Income	7.56	7.81	5.74	2.58	2.67	21
Earnings From Equity Investments	-	-	-	-	-	-0.33
Other Non Operating Income (Expenses)	-20.55	-6.1	6.27	2.55	-2.63	3.22
EBT Excluding Unusual Items	282.31	-66.17	39.53	366.08	426.15	1.11
Gain (Loss) on Sale of Assets	-	-	-	-	2.55	18.46
Other Unusual Items	-	-	-	-	-	24.8
Pretax Income	282.31	-66.17	39.53	366.08	428.7	44.37
Income Tax Expense	123.72	26.15	11.94	65.79	66.09	9.45
Earnings From Continuing Operations	158.6	-92.32	27.59	300.29	362.61	34.93
Minority Interest in Earnings	-6.27	20.91	19.66	-2.11	-39.58	3.34
Net Income	152.32	-71.41	47.25	298.19	323.03	38.27
Net Income to Common	152.32	-71.41	47.25	298.19	323.03	38.27
Net Income Growth	-	-	-84.15%	-7.69%	744.17%	-43.76%
Shares Outstanding (Basic)	880	880	880	880	880	880
Shares Outstanding (Diluted)	880	880	880	880	880	880
EPS (Basic)	0.17	-0.08	0.05	0.34	0.37	0.04
EPS (Diluted)	0.17	-0.08	0.05	0.34	0.37	0.04
EPS Growth	-	-	-84.15%	-7.69%	744.17%	-43.76%
Free Cash Flow	466.94	653.57	-614.5	158.32	133.56	331.49
Free Cash Flow Per Share	0.53	0.74	-0.70	0.18	0.15	0.38
Dividend Per Share	0.057	0.057	0.090	0.220	0.220	0.130
Dividend Growth	-36.67%	-36.67%	-59.09%	-	69.23%	-
Gross Margin	21.43%	15.78%	15.53%	18.16%	20.49%	16.25%
Operating Margin	3.75%	0.29%	1.02%	4.03%	5.37%	0.65%
Profit Margin	1.59%	-0.70%	0.46%	2.85%	3.51%	0.54%
Free Cash Flow Margin	4.88%	6.45%	-5.97%	1.51%	1.45%	4.64%
EBITDA	772.89	452.74	540.81	871.91	930.9	469.18
EBITDA Margin	8.07%	4.47%	5.26%	8.33%	10.13%	6.58%
D&A For EBITDA	413.34	423.25	435.66	450.55	437.63	423.13
EBIT	359.55	29.49	105.15	421.36	493.27	46.05
EBIT Margin	3.75%	0.29%	1.02%	4.03%	5.37%	0.65%
Effective Tax Rate	43.82%	-	30.20%	17.97%	15.42%	21.29%
Revenue as Reported	9,579	10,127	10,284	10,466	9,194	7,193

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