FRA:7F8 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
Revenue	689,092	723,958	769,741	789,785	511,799	428,804
Revenue Growth (YoY)	-5.70%	-5.95%	-2.54%	54.32%	19.36%	-25.70%
Cost of Revenue	653,855	690,917	731,067	750,677	475,592	395,682
Gross Profit	35,237	33,041	38,674	39,108	36,207	33,122
Selling, General & Admin	24,021	25,484	27,263	29,110	25,087	25,261
Other Operating Expenses	-2,130	-2,002	-1,326	-2,347	-2,893	-2,636
Operating Expenses	21,088	23,482	25,937	26,763	22,194	22,625
Operating Income	14,150	9,560	12,737	12,345	14,013	10,497
Interest Expense	-1,021	-1,264	-1,369	-1,155	-1,250	-1,447
Interest & Investment Income	805	805	603	219	282	237
Earnings From Equity Investments	840.27	271.43	538.79	489.9	372.42	535.3
Currency Exchange Gain (Loss)	184.5	77.97	1,024	1,112	770.76	744.97
EBT Excluding Unusual Items	14,959	9,450	13,534	13,011	14,188	10,567
Pretax Income	14,959	9,450	13,534	13,011	14,188	10,567
Income Tax Expense	2,732	1,801	2,437	2,638	2,719	1,776
Earnings From Continuing Operations	12,227	7,649	11,096	10,373	11,470	8,791
Minority Interest in Earnings	-2.3	1.05	-2.36	-2.4	4.2	0.09
Net Income	12,225	7,650	11,094	10,370	11,474	8,791
Net Income to Common	12,225	7,650	11,094	10,370	11,474	8,791
Net Income Growth	152.38%	-31.04%	6.98%	-9.62%	30.52%	-19.32%
Shares Outstanding (Basic)	12,000	12,000	12,000	12,059	11,642	9,000
Shares Outstanding (Diluted)	12,000	12,000	12,000	12,059	11,642	9,000
Shares Change (YoY)	-0.13%	-	-0.49%	3.58%	29.36%	-
EPS (Basic)	1.02	0.64	0.92	0.86	0.99	0.98
EPS (Diluted)	1.02	0.64	0.92	0.86	0.99	0.98
EPS Growth	152.71%	-31.04%	7.50%	-12.74%	0.90%	-19.32%
Free Cash Flow	18,885	10,753	29,409	-10,310	18,567	9,349
Free Cash Flow Per Share	1.57	0.90	2.45	-0.85	1.59	1.04
Dividend Per Share	0.430	0.400	0.520	0.500	0.460	0.100
Dividend Growth	-20.37%	-23.08%	4.00%	8.70%	360.00%	-72.97%
Gross Margin	5.11%	4.56%	5.02%	4.95%	7.07%	7.72%
Operating Margin	2.05%	1.32%	1.65%	1.56%	2.74%	2.45%
Profit Margin	1.77%	1.06%	1.44%	1.31%	2.24%	2.05%
Free Cash Flow Margin	2.74%	1.49%	3.82%	-1.31%	3.63%	2.18%
EBITDA	17,144	13,942	16,984	16,542	17,870	14,000
EBITDA Margin	2.49%	1.93%	2.21%	2.09%	3.49%	3.26%
D&A For EBITDA	2,994	4,382	4,247	4,197	3,857	3,503
EBIT	14,150	9,560	12,737	12,345	14,013	10,497
EBIT Margin	2.05%	1.32%	1.65%	1.56%	2.74%	2.45%
Effective Tax Rate	18.26%	19.06%	18.01%	20.28%	19.16%	16.81%
Advertising Expenses	-	1,870	2,714	2,952	2,486	2,440

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