XSpring Capital PCL Income Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	690.76	616.67	505.66	153.58	30.31	14.89
Total Interest Expense	2.9	3.3	3.55	6.03	6.13	4.73
Net Interest Income	687.85	613.37	502.11	147.55	24.18	10.16
Asset Management Fee	201.24	189.76	87.17	36.67	67.63	29.98
Gain on Sale of Investments (Rev)	10.62	35.81	16.36	-105.88	51.03	14.95
Other Revenue	32.62	39.52	12.52	7.2	1.63	12.1
Revenue Before Loan Losses	932.33	878.46	618.16	85.54	144.47	67.18
Provision for Loan Losses	97.88	104.46	91.63	11.31	-14.86	-57.91
Revenue	834.45	774.01	526.53	74.23	159.33	125.09
Revenue Growth (YoY)	10.18%	47.00%	609.34%	-53.41%	27.37%	-50.53%
Salaries & Employee Benefits	334.54	338.15	273.32	186.05	131.7	115.74
Cost of Services Provided	53.2	60.57	33.66	23.14	24.54	31.42
Other Operating Expenses	200.31	180.31	151.58	109.84	122.06	53.42
Total Operating Expenses	588.04	579.02	458.56	319.03	278.3	200.58
Operating Income	246.4	194.98	67.97	-244.81	-118.97	-75.49
EBT Excluding Unusual Items	261.91	224.57	127.44	-161.86	83.82	-6.31
Asset Writedown	-	-	-	0.78	1.31	-2.09
Pretax Income	261.91	224.57	127.44	-166.07	83.22	-11.72
Income Tax Expense	59.1	63.74	21.35	5.05	-4.9	4.9
Earnings From Continuing Ops.	202.82	160.84	106.09	-171.12	88.12	-16.62
Net Income	202.82	160.84	106.09	-171.12	88.12	-16.62
Net Income to Common	202.82	160.84	106.09	-171.12	88.12	-16.62
Net Income Growth	36.26%	51.59%	-	-	-	-
Shares Outstanding (Basic)	10,701	10,354	9,409	9,301	4,114	1,654
Shares Outstanding (Diluted)	10,701	10,354	9,660	9,301	6,169	1,654
Shares Change (YoY)	2.35%	7.18%	3.86%	50.77%	272.98%	4.13%
EPS (Basic)	0.02	0.02	0.01	-0.02	0.02	-0.01
EPS (Diluted)	0.02	0.02	0.01	-0.02	0.01	-0.01
EPS Growth	32.04%	40.91%	-	-	-	-
Free Cash Flow	668.13	-1,579	-1,160	-147.84	-6,131	-162.35
Free Cash Flow Per Share	0.06	-0.15	-0.12	-0.02	-0.99	-0.10
Operating Margin	29.53%	25.19%	12.91%	-329.80%	-74.67%	-60.35%
Profit Margin	24.31%	20.78%	20.15%	-230.54%	55.31%	-13.28%
Free Cash Flow Margin	80.07%	-203.94%	-220.22%	-199.17%	-3848.08%	-129.79%
Effective Tax Rate	22.56%	28.38%	16.75%	-	-	-
Revenue as Reported	935.23	881.76	621.71	91.57	150.6	71.92

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