V.L. Enterprise PCL (BKK:VL)

V.L. Enterprise 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	728.63	759.88	742.43	726.48	662.77	646.6
Other Revenue	2.86	3.2	4.67	2.34	4.27	1.34
Revenue	731.49	763.08	747.1	728.82	667.04	647.94
Revenue Growth (YoY)	-8.34%	2.14%	2.51%	9.26%	2.95%	-9.01%
Cost of Revenue	622.24	657.92	638.76	611.15	550.99	478.46
Gross Profit	109.25	105.16	108.34	117.67	116.05	169.48
Selling, General & Admin	47.38	49.94	44.77	46.15	52.19	43.72
Operating Expenses	47.38	49.94	38.23	50.91	52.19	43.72
Operating Income	61.87	55.22	70.11	66.76	63.87	125.76
Interest Expense	-20.43	-29.95	-37.45	-35.26	-37.15	-38
Currency Exchange Gain (Loss)	0.33	0.59	3.31	-4.64	2.47	1.11
EBT Excluding Unusual Items	41.77	25.85	35.97	26.86	29.19	88.87
Gain (Loss) on Sale of Assets	-3.76	57.44	-	-	-	3.74
Pretax Income	38.01	83.29	35.97	26.86	29.19	92.61
Income Tax Expense	4.72	8.47	4.98	3.53	6.08	8.21
Net Income	33.3	74.82	30.99	23.33	23.11	84.4
Net Income to Common	33.3	74.82	30.99	23.33	23.11	84.4
Net Income Growth	-64.33%	141.46%	32.81%	0.96%	-72.62%	4.51%
Shares Outstanding (Basic)	1,184	1,184	1,150	1,013	830	800
Shares Outstanding (Diluted)	1,184	1,184	1,150	1,094	950	800
Shares Change (YoY)	-0.01%	2.92%	5.17%	15.09%	18.77%	9.69%
EPS (Basic)	0.03	0.06	0.03	0.02	0.03	0.11
EPS (Diluted)	0.03	0.06	0.03	0.02	0.02	0.11
EPS Growth	-64.32%	134.62%	28.31%	-12.50%	-77.25%	-4.72%
Free Cash Flow	114.08	159.89	-57.98	165.33	-103.6	90.51
Free Cash Flow Per Share	0.10	0.14	-0.05	0.15	-0.11	0.11
Dividend Per Share	0.020	0.040	0.025	0.020	0.025	0.070
Dividend Growth	-55.56%	60.00%	25.00%	-20.00%	-64.29%	-
Gross Margin	14.94%	13.78%	14.50%	16.14%	17.40%	26.16%
Operating Margin	8.46%	7.24%	9.38%	9.16%	9.57%	19.41%
Profit Margin	4.55%	9.81%	4.15%	3.20%	3.46%	13.03%
Free Cash Flow Margin	15.60%	20.95%	-7.76%	22.68%	-15.53%	13.97%
EBITDA	204.61	200.05	208.77	180.66	175.25	230.33
EBITDA Margin	27.97%	26.22%	27.94%	24.79%	26.27%	35.55%
D&A For EBITDA	142.74	144.83	138.66	113.9	111.38	104.57
EBIT	61.87	55.22	70.11	66.76	63.87	125.76
EBIT Margin	8.46%	7.24%	9.38%	9.16%	9.57%	19.41%
Effective Tax Rate	12.40%	10.17%	13.84%	13.15%	20.83%	8.87%
Revenue as Reported	728.06	821.11	755.64	729.49	669.51	652.79

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