Thai Wacoal PCL Income Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,974	3,507	3,609	3,936	3,244
Revenue Growth (YoY)	-15.20%	-2.83%	-8.31%	21.34%	9.73%
Cost of Revenue	2,107	2,282	2,250	2,564	2,254
Gross Profit	866.93	1,224	1,359	1,372	989.87
Selling, General & Admin	1,300	1,409	1,426	1,370	1,250
Other Operating Expenses	-47.2	-58.98	-50.03	-33.16	-28.24
Operating Expenses	1,253	1,350	1,376	1,336	1,222
Operating Income	-386.14	-125.83	-16.71	35.85	-231.71
Interest Expense	-2.29	-2.35	-1.61	-1.21	-1.34
Interest & Investment Income	65.21	79.12	83.41	52.67	49.97
Earnings From Equity Investments	-13.49	6.21	9.21	8.73	-15.14
Currency Exchange Gain (Loss)	11.9	5.45	7.86	8.79	9.06
EBT Excluding Unusual Items	-324.82	-37.4	82.16	104.83	-189.16
Gain (Loss) on Sale of Investments	2.25	2.74	-2.2	0.17	-
Gain (Loss) on Sale of Assets	222.59	40.17	1.85	1.96	1.19
Pretax Income	-99.97	5.52	81.81	106.97	-187.97
Income Tax Expense	34.82	-18.76	3.3	4.02	-43.53
Earnings From Continuing Operations	-134.79	24.28	78.51	102.95	-144.44
Minority Interest in Earnings	0.01	0	-0.03	-0.01	0
Net Income	-134.78	24.28	78.48	102.94	-144.44
Net Income to Common	-134.78	24.28	78.48	102.94	-144.44
Net Income Growth	-	-69.06%	-23.76%	-	-
Shares Outstanding (Basic)	120	120	120	120	120
Shares Outstanding (Diluted)	120	120	120	120	120
EPS (Basic)	-1.12	0.20	0.65	0.86	-1.20
EPS (Diluted)	-1.12	0.20	0.65	0.86	-1.20
EPS Growth	-	-69.06%	-23.76%	-	-
Free Cash Flow	-122.25	-67.73	-72.48	239.45	-15.84
Free Cash Flow Per Share	-1.02	-0.56	-0.60	2.00	-0.13
Dividend Per Share	-	0.600	0.700	0.700	0.500
Dividend Growth	-	-14.29%	-	40.00%	-
Gross Margin	29.15%	34.91%	37.66%	34.87%	30.52%
Operating Margin	-12.99%	-3.59%	-0.46%	0.91%	-7.14%
Profit Margin	-4.53%	0.69%	2.17%	2.61%	-4.45%
Free Cash Flow Margin	-4.11%	-1.93%	-2.01%	6.08%	-0.49%
EBITDA	-333.9	-65.02	47.83	102.18	-153.07
EBITDA Margin	-11.23%	-1.85%	1.32%	2.60%	-4.72%
D&A For EBITDA	52.24	60.81	64.54	66.34	78.64
EBIT	-386.14	-125.83	-16.71	35.85	-231.71
EBIT Margin	-12.99%	-3.59%	-0.46%	0.91%	-7.14%
Effective Tax Rate	-	-	4.03%	3.76%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.