CP ALL Public Company 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
Operating Revenue	986,954	958,998	895,281	829,099	565,060	525,884
Other Revenue	29,938	28,145	25,092	23,223	20,616	20,323
Revenue	1,016,892	987,143	920,373	852,322	585,676	546,207
Revenue Growth (YoY)	4.82%	7.26%	7.98%	45.53%	7.23%	-4.29%
Cost of Revenue	761,844	742,490	699,010	651,100	444,771	410,880
Gross Profit	255,048	244,653	221,363	201,222	140,905	135,327
Selling, General & Admin	201,716	194,588	179,912	165,414	116,867	107,858
Operating Expenses	201,716	194,588	179,912	165,414	116,867	107,858
Operating Income	53,331	50,064	41,451	35,808	24,038	27,469
Interest Expense	-15,017	-15,495	-16,558	-16,832	-12,643	-8,526
Interest & Investment Income	558.56	591.47	468.19	283.56	129.22	156.84
Earnings From Equity Investments	597.11	672.76	746.23	831.42	-226.47	-63.42
Currency Exchange Gain (Loss)	154.65	59.46	345.75	-9.32	407.19	225.98
Other Non Operating Income (Expenses)	0.06	0.06	0.48	0.17	-	-
EBT Excluding Unusual Items	39,624	35,893	26,454	20,082	11,705	19,262
Gain (Loss) on Sale of Assets	-	-	-	-	1,317	-
Asset Writedown	-	-	-	-	-7,159	-
Other Unusual Items	-	-	-	-	6,714	-
Pretax Income	39,624	35,893	26,454	20,082	12,577	19,262
Income Tax Expense	7,257	6,381	4,602	3,861	524.89	2,759
Earnings From Continuing Operations	32,367	29,512	21,852	16,221	12,052	16,503
Minority Interest in Earnings	-4,238	-4,166	-3,370	-2,949	932.99	-400.46
Net Income	28,129	25,346	18,482	13,272	12,985	16,102
Preferred Dividends & Other Adjustments	460	461	460	779	1,000	1,003
Net Income to Common	27,669	24,885	18,022	12,493	11,985	15,099
Net Income Growth	18.87%	37.14%	39.26%	2.20%	-19.36%	-27.93%
Shares Outstanding (Basic)	8,969	8,983	8,983	8,983	8,983	8,983
Shares Outstanding (Diluted)	8,969	8,983	8,983	8,983	8,983	8,983
EPS (Basic)	3.09	2.77	2.01	1.39	1.33	1.68
EPS (Diluted)	3.09	2.77	2.01	1.39	1.33	1.68
EPS Growth	19.44%	38.08%	44.26%	4.23%	-20.62%	-29.25%
Free Cash Flow	57,766	53,254	62,902	44,176	32,247	23,761
Free Cash Flow Per Share	6.44	5.93	7.00	4.92	3.59	2.65
Dividend Per Share	1.350	1.350	1.000	0.750	0.600	0.900
Dividend Growth	35.00%	35.00%	33.33%	25.00%	-33.33%	-28.00%
Gross Margin	25.08%	24.78%	24.05%	23.61%	24.06%	24.78%
Operating Margin	5.24%	5.07%	4.50%	4.20%	4.10%	5.03%
Profit Margin	2.72%	2.52%	1.96%	1.47%	2.05%	2.76%
Free Cash Flow Margin	5.68%	5.39%	6.83%	5.18%	5.51%	4.35%
EBITDA	74,775	71,512	62,796	57,120	37,200	38,450
EBITDA Margin	7.35%	7.24%	6.82%	6.70%	6.35%	7.04%
D&A For EBITDA	21,444	21,448	21,344	21,312	13,162	10,981
EBIT	53,331	50,064	41,451	35,808	24,038	27,469
EBIT Margin	5.24%	5.07%	4.50%	4.20%	4.10%	5.03%
Effective Tax Rate	18.32%	17.78%	17.40%	19.23%	4.17%	14.33%
Revenue as Reported	1,017,510	987,794	921,187	852,605	587,530	546,590
Advertising Expenses	-	20,389	17,883	16,716	15,239	14,402

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