XSpring Capital 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
Interest and Dividend Income	668.6	616.67	505.66	153.58	30.31
Total Interest Expense	2.78	3.3	3.55	6.03	6.13
Net Interest Income	665.82	613.37	502.11	147.55	24.18
Asset Management Fee	286.83	189.76	87.17	36.67	67.63
Gain on Sale of Investments (Rev)	42.05	35.81	16.36	-105.88	51.03
Other Revenue	20.02	39.52	12.52	7.2	1.63
Revenue Before Loan Losses	1,015	878.46	618.16	85.54	144.47
Provision for Loan Losses	150.15	104.46	91.63	11.31	-14.86
Revenue	864.57	774.01	526.53	74.23	159.33
Revenue Growth (YoY)	11.70%	47.00%	609.34%	-53.41%	27.37%
Salaries & Employee Benefits	340.99	338.15	273.32	186.05	131.7
Cost of Services Provided	76.92	60.57	33.66	23.14	24.54
Other Operating Expenses	212.84	180.31	151.58	109.84	122.06
Total Operating Expenses	630.75	579.02	458.56	319.03	278.3
Operating Income	233.82	194.98	67.97	-244.81	-118.97
EBT Excluding Unusual Items	240.32	224.57	127.44	-161.86	83.82
Asset Writedown	-	-	-	0.78	1.31
Pretax Income	240.32	224.57	127.44	-166.07	83.22
Income Tax Expense	59.74	63.74	21.35	5.05	-4.9
Net Income	180.57	160.84	106.09	-171.12	88.12
Net Income to Common	180.57	160.84	106.09	-171.12	88.12
Net Income Growth	12.27%	51.59%	-	-	-
Shares Outstanding (Basic)	10,700	10,354	9,409	9,301	4,114
Shares Outstanding (Diluted)	10,700	10,354	9,660	9,301	6,169
Shares Change (YoY)	3.34%	7.18%	3.86%	50.77%	272.98%
EPS (Basic)	0.02	0.02	0.01	-0.02	0.02
EPS (Diluted)	0.02	0.02	0.01	-0.02	0.01
EPS Growth	8.64%	41.21%	-	-	-
Free Cash Flow	-793.72	-1,579	-1,160	-147.84	-6,131
Free Cash Flow Per Share	-0.07	-0.15	-0.12	-0.02	-0.99
Dividend Per Share	0.010	-	-	-	-
Operating Margin	27.05%	25.19%	12.91%	-329.80%	-74.67%
Profit Margin	20.89%	20.78%	20.15%	-230.54%	55.31%
Free Cash Flow Margin	-91.81%	-203.94%	-220.22%	-199.17%	-3848.08%
Effective Tax Rate	24.86%	28.38%	16.75%	-	-
Revenue as Reported	1,017	881.76	621.71	91.57	150.6

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