World Flex 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
Operating Revenue	2,141	3,061	2,744	3,674	3,766
Other Revenue	20.44	16.94	27	32.6	10.56
Revenue	2,161	3,077	2,771	3,707	3,777
Revenue Growth (YoY)	-29.77%	11.08%	-25.26%	-1.84%	57.16%
Cost of Revenue	2,161	3,087	2,780	3,309	3,062
Gross Profit	0.54	-9.89	-9.1	398.16	714.68
Selling, General & Admin	88.86	84.08	93.21	143.08	233.14
Operating Expenses	88.86	84.08	93.21	143.08	233.14
Operating Income	-88.32	-93.97	-102.31	255.07	481.53
Interest Expense	-14.74	-32.66	-19.88	-3.98	-23.49
Currency Exchange Gain (Loss)	14.59	12.98	-16.97	-12.39	-22.93
Other Non Operating Income (Expenses)	-	-18.84	-	-	-
EBT Excluding Unusual Items	-88.46	-132.49	-139.16	238.69	435.12
Pretax Income	-88.46	-132.49	-139.16	238.69	435.12
Income Tax Expense	-1.46	-2.11	2.04	40.2	76.02
Net Income	-87	-130.38	-141.19	198.49	359.1
Net Income to Common	-87	-130.38	-141.19	198.49	359.1
Net Income Growth	-	-	-	-44.73%	521.15%
Shares Outstanding (Basic)	464	464	464	464	326
Shares Outstanding (Diluted)	464	464	464	464	326
Shares Change (YoY)	-	-	-	42.22%	5.97%
EPS (Basic)	-0.19	-0.28	-0.30	0.43	1.10
EPS (Diluted)	-0.19	-0.28	-0.30	0.43	1.10
EPS Growth	-	-	-	-61.13%	486.14%
Free Cash Flow	151.33	-62.96	-69.84	-327.15	-50.63
Free Cash Flow Per Share	0.33	-0.14	-0.15	-0.70	-0.15
Dividend Per Share	-	-	-	0.210	0.500
Dividend Growth	-	-	-	-58.00%	300.00%
Gross Margin	0.03%	-0.32%	-0.33%	10.74%	18.92%
Operating Margin	-4.09%	-3.05%	-3.69%	6.88%	12.75%
Profit Margin	-4.03%	-4.24%	-5.10%	5.36%	9.51%
Free Cash Flow Margin	7.00%	-2.05%	-2.52%	-8.82%	-1.34%
EBITDA	68.82	72.01	61.04	377.09	552.06
EBITDA Margin	3.18%	2.34%	2.20%	10.17%	14.62%
D&A For EBITDA	157.13	165.98	163.35	122.01	70.52
EBIT	-88.32	-93.97	-102.31	255.07	481.53
EBIT Margin	-4.09%	-3.05%	-3.69%	6.88%	12.75%
Effective Tax Rate	-	-	-	16.84%	17.47%
Revenue as Reported	2,176	3,090	2,771	3,707	3,777

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