ZEN Corporation Group 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	3,948	4,066	3,915	3,383	2,209
Other Revenue	31.23	26.05	30.38	29.83	46.56
Revenue	3,979	4,092	3,945	3,413	2,255
Revenue Growth (YoY)	-2.76%	3.72%	15.59%	51.34%	-3.35%
Cost of Revenue	2,403	2,426	2,239	1,838	1,243
Gross Profit	1,576	1,666	1,706	1,576	1,012
Selling, General & Admin	1,424	1,518	1,452	1,330	1,085
Operating Expenses	1,424	1,518	1,452	1,330	1,085
Operating Income	152.25	148.33	253.93	245.91	-72.68
Interest Expense	-55.43	-57.41	-42.15	-32.7	-37.55
Earnings From Equity Investments	-	-	-	-2.03	-1.67
EBT Excluding Unusual Items	96.82	90.92	211.78	211.18	-111.9
Pretax Income	96.82	90.92	211.78	211.18	-111.9
Income Tax Expense	26.95	8.33	34.37	38.78	-23.32
Earnings From Continuing Operations	69.87	82.6	177.41	172.4	-88.58
Minority Interest in Earnings	-24.04	-25.73	-19.82	-18.5	-2.99
Net Income	45.84	56.87	157.6	153.91	-91.57
Net Income to Common	45.84	56.87	157.6	153.91	-91.57
Net Income Growth	-19.40%	-63.91%	2.40%	-	-
Shares Outstanding (Basic)	298	299	300	300	300
Shares Outstanding (Diluted)	298	299	300	300	300
Shares Change (YoY)	-0.18%	-0.42%	-	-	-
EPS (Basic)	0.15	0.19	0.53	0.51	-0.31
EPS (Diluted)	0.15	0.19	0.53	0.51	-0.31
EPS Growth	-19.26%	-63.76%	2.40%	-	-
Free Cash Flow	451.19	272.66	182.04	292.69	184.47
Free Cash Flow Per Share	1.51	0.91	0.61	0.98	0.61
Dividend Per Share	0.100	0.170	0.300	0.160	-
Dividend Growth	-41.18%	-43.33%	87.50%	-	-
Gross Margin	39.61%	40.72%	43.25%	46.16%	44.89%
Operating Margin	3.83%	3.62%	6.44%	7.21%	-3.22%
Profit Margin	1.15%	1.39%	3.99%	4.51%	-4.06%
Free Cash Flow Margin	11.34%	6.66%	4.61%	8.58%	8.18%
EBITDA	292.88	311.05	398.8	382.72	67.45
EBITDA Margin	7.36%	7.60%	10.11%	11.21%	2.99%
D&A For EBITDA	140.64	162.73	144.87	136.81	140.13
EBIT	152.25	148.33	253.93	245.91	-72.68
EBIT Margin	3.83%	3.62%	6.44%	7.21%	-3.22%
Effective Tax Rate	27.83%	9.16%	16.23%	18.36%	-
Revenue as Reported	3,979	4,092	3,945	3,413	2,255
Advertising Expenses	39.89	49.5	67.9	55.53	63.21

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