FRA:IE2A 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	2,992	2,531	2,090	2,045	1,866	1,835
Revenue Growth (YoY)	24.16%	21.14%	2.19%	9.59%	1.68%	-2.50%
Cost of Revenue	1,455	1,139	1,009	1,130	1,176	1,302
Gross Profit	1,537	1,393	1,081	915.17	689.56	533
Selling, General & Admin	364.86	309.02	307.28	325.29	351.63	323.94
Other Operating Expenses	-12.17	-5.95	-9.34	-21.52	-10.49	-
Operating Expenses	361.16	313.64	301.97	303.77	341.15	323.94
Operating Income	1,176	1,079	778.73	611.4	348.41	209.07
Interest Expense	-1,087	-983.19	-689.47	-591	-332.93	-176.5
Interest & Investment Income	3.87	3.36	1.43	0.84	0.3	0.22
Earnings From Equity Investments	272.33	224.13	84.09	119.46	89.38	41.16
Other Non Operating Income (Expenses)	-	-	-	-	-	11.28
EBT Excluding Unusual Items	364.57	323.2	174.77	140.69	105.16	85.23
Gain (Loss) on Sale of Investments	-61.12	-3.02	-1.1	0.95	2.11	-1.91
Gain (Loss) on Sale of Assets	3.82	3.96	2.78	3.3	34.81	50.86
Pretax Income	307.26	324.14	176.45	144.94	142.09	134.18
Income Tax Expense	-14.72	-60.81	-57.78	-56.82	-20.87	33.72
Earnings From Continuing Operations	321.98	384.96	234.24	201.76	162.96	100.46
Minority Interest in Earnings	-1.91	0.03	0.33	-0.5	-0.07	2
Net Income	320.07	384.99	234.57	201.26	162.89	102.46
Net Income to Common	320.07	384.99	234.57	201.26	162.89	102.46
Net Income Growth	3.82%	64.13%	16.55%	23.56%	58.97%	-39.45%
Shares Outstanding (Basic)	582	510	500	500	500	500
Shares Outstanding (Diluted)	588	516	500	500	500	500
Shares Change (YoY)	17.28%	3.19%	0.07%	-	-	-
EPS (Basic)	0.55	0.75	0.47	0.40	0.33	0.20
EPS (Diluted)	0.55	0.75	0.47	0.40	0.33	0.20
EPS Growth	-10.75%	59.98%	16.48%	23.56%	58.97%	-39.45%
Free Cash Flow	-1,932	-1,978	-1,337	-1,832	-967.94	-236.91
Free Cash Flow Per Share	-3.29	-3.83	-2.67	-3.66	-1.94	-0.47
Dividend Per Share	0.119	0.119	0.116	0.106	0.042	-
Dividend Growth	2.59%	2.59%	9.33%	152.62%	-	-
Gross Margin	51.37%	55.02%	51.72%	44.76%	36.96%	29.05%
Operating Margin	39.30%	42.63%	37.27%	29.90%	18.67%	11.39%
Profit Margin	10.70%	15.21%	11.23%	9.84%	8.73%	5.58%
Free Cash Flow Margin	-64.59%	-78.14%	-63.96%	-89.59%	-51.88%	-12.91%
EBITDA	1,410	1,265	969.25	782.1	499.78	405.42
EBITDA Margin	47.13%	50.00%	46.39%	38.25%	26.79%	22.09%
D&A For EBITDA	234.14	186.55	190.52	170.7	151.37	196.36
EBIT	1,176	1,079	778.73	611.4	348.41	209.07
EBIT Margin	39.30%	42.63%	37.27%	29.90%	18.67%	11.39%
Effective Tax Rate	-	-	-	-	-	25.13%

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