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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	618.05	668.6	616.67	505.66	153.58	30.31
Total Interest Expense	2.66	2.78	3.3	3.55	6.03	6.13
Net Interest Income	615.39	665.82	613.37	502.11	147.55	24.18
Asset Management Fee	284.26	286.83	189.76	87.17	36.67	67.63
Gain on Sale of Investments (Rev)	47.93	42.05	35.81	16.36	-105.88	51.03
Other Revenue	20.64	20.02	39.52	12.52	7.2	1.63
Revenue Before Loan Losses	968.21	1,015	878.46	618.16	85.54	144.47
Provision for Loan Losses	146.03	150.15	104.46	91.63	11.31	-14.86
Revenue	822.18	864.57	774.01	526.53	74.23	159.33
Revenue Growth (YoY)	1.60%	11.70%	47.00%	609.34%	-53.41%	27.37%
Salaries & Employee Benefits	336.01	340.99	338.15	273.32	186.05	131.7
Cost of Services Provided	82.53	76.92	60.57	33.66	23.14	24.54
Other Operating Expenses	218.41	212.84	180.31	151.58	109.84	122.06
Total Operating Expenses	636.95	630.75	579.02	458.56	319.03	278.3
Operating Income	185.23	233.82	194.98	67.97	-244.81	-118.97
EBT Excluding Unusual Items	218.55	240.32	224.57	127.44	-161.86	83.82
Asset Writedown	-	-	-	-	0.78	1.31
Pretax Income	218.55	240.32	224.57	127.44	-166.07	83.22
Income Tax Expense	50.5	59.74	63.74	21.35	5.05	-4.9
Net Income	168.05	180.57	160.84	106.09	-171.12	88.12
Net Income to Common	168.05	180.57	160.84	106.09	-171.12	88.12
Net Income Growth	-2.94%	12.27%	51.59%	-	-	-
Shares Outstanding (Basic)	10,716	10,700	10,354	9,409	9,301	4,114
Shares Outstanding (Diluted)	10,716	10,700	10,354	9,660	9,301	6,169
Shares Change (YoY)	0.67%	3.34%	7.18%	3.86%	50.77%	272.98%
EPS (Basic)	0.02	0.02	0.02	0.01	-0.02	0.02
EPS (Diluted)	0.02	0.02	0.02	0.01	-0.02	0.01
EPS Growth	-3.59%	8.64%	41.21%	-	-	-
Free Cash Flow	-669.6	-793.72	-1,579	-1,160	-147.84	-6,131
Free Cash Flow Per Share	-0.06	-0.07	-0.15	-0.12	-0.02	-0.99
Dividend Per Share	0.010	0.010	-	-	-	-
Operating Margin	22.53%	27.05%	25.19%	12.91%	-329.80%	-74.67%
Profit Margin	20.44%	20.89%	20.78%	20.15%	-230.54%	55.31%
Free Cash Flow Margin	-81.44%	-91.81%	-203.94%	-220.22%	-199.17%	-3848.08%
Effective Tax Rate	23.11%	24.86%	28.38%	16.75%	-	-
Revenue as Reported	970.88	1,017	881.76	621.71	91.57	150.6

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