Varopakorn PCL (BKK:VARO)

Varopakorn 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	2,782	2,983	2,510	3,755	2,576
Other Revenue	12.77	5.01	7.44	8.08	7.95
Revenue	2,795	2,988	2,517	3,763	2,584
Revenue Growth (YoY)	-6.45%	18.70%	-33.10%	45.63%	153.22%
Cost of Revenue	2,595	2,739	2,475	3,658	2,459
Gross Profit	200.47	249.3	42.63	104.64	125.08
Selling, General & Admin	92.3	103.59	95	96.15	85.76
Other Operating Expenses	-	-	-	-	-3.77
Operating Expenses	92.3	103.59	95	96.15	81.98
Operating Income	108.16	145.71	-52.37	8.49	43.1
Interest Expense	-43.18	-54.56	-53.17	-38.33	-16.49
Currency Exchange Gain (Loss)	4.84	40.91	7.14	-6.08	-23.76
Other Non Operating Income (Expenses)	-2.14	-1.46	-11.14	-24.79	-
EBT Excluding Unusual Items	67.68	130.6	-109.54	-60.71	2.84
Pretax Income	67.68	130.6	-109.54	-60.71	2.84
Income Tax Expense	-1.78	0.17	-1.03	-1.92	-1.03
Net Income	69.46	130.43	-108.51	-58.79	3.87
Net Income to Common	69.46	130.43	-108.51	-58.79	3.87
Net Income Growth	-46.74%	-	-	-	-
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
EPS (Basic)	0.70	1.31	-1.09	-0.59	0.04
EPS (Diluted)	0.70	1.31	-1.09	-0.59	0.04
EPS Growth	-46.74%	-	-	-	-
Free Cash Flow	254.19	-29.56	17.17	347.71	-691.35
Free Cash Flow Per Share	2.54	-0.30	0.17	3.48	-6.92
Gross Margin	7.17%	8.34%	1.69%	2.78%	4.84%
Operating Margin	3.87%	4.88%	-2.08%	0.23%	1.67%
Profit Margin	2.48%	4.37%	-4.31%	-1.56%	0.15%
Free Cash Flow Margin	9.09%	-0.99%	0.68%	9.24%	-26.76%
EBITDA	198.16	241.49	56	105.11	137.21
EBITDA Margin	7.09%	8.08%	2.23%	2.79%	5.31%
D&A For EBITDA	90	95.78	108.37	96.62	94.11
EBIT	108.16	145.71	-52.37	8.49	43.1
EBIT Margin	3.87%	4.88%	-2.08%	0.23%	1.67%
Effective Tax Rate	-	0.13%	-	-	-
Revenue as Reported	2,800	3,029	2,524	3,763	2,588

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