FRA:TCM1 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
Revenue	496,925	511,172	499,646	569,609	530,112
Revenue Growth (YoY)	-2.79%	2.31%	-12.28%	7.45%	32.55%
Cost of Revenue	431,689	444,356	426,199	491,339	421,000
Gross Profit	65,237	66,817	73,447	78,269	109,112
Selling, General & Admin	65,879	67,931	65,161	69,588	62,428
Other Operating Expenses	-827.56	-5,083	-2,980	-4,987	-6,344
Operating Expenses	65,051	62,848	62,181	64,601	56,084
Operating Income	185.62	3,969	11,265	13,669	53,028
Interest Expense	-10,738	-11,500	-10,297	-7,523	-6,757
Interest & Investment Income	4,959	6,327	5,483	5,787	2,744
Earnings From Equity Investments	17,866	6,530	8,419	10,703	17,543
EBT Excluding Unusual Items	12,273	5,325	14,870	22,636	66,557
Merger & Restructuring Charges	-30	-	-29	-185	-369
Gain (Loss) on Sale of Investments	6,988	-	18,806	1,081	57
Gain (Loss) on Sale of Assets	-	-	-	-136	-
Asset Writedown	-1,695	-123	-1,492	-634	-3,680
Other Unusual Items	1,308	2,183	-	-387	1,071
Pretax Income	19,457	7,704	32,155	22,375	63,636
Income Tax Expense	8,900	3,882	8,045	4,650	8,900
Earnings From Continuing Operations	10,557	3,822	24,110	17,725	54,736
Minority Interest in Earnings	3,518	2,520	1,805	3,658	-7,562
Net Income	14,075	6,342	25,915	21,382	47,174
Net Income to Common	14,075	6,342	25,915	21,382	47,174
Net Income Growth	121.95%	-75.53%	21.20%	-54.67%	38.16%
Shares Outstanding (Basic)	1,200	1,201	1,200	1,200	1,200
Shares Outstanding (Diluted)	1,200	1,201	1,200	1,200	1,200
Shares Change (YoY)	-0.10%	0.11%	-0.02%	-	-
EPS (Basic)	11.73	5.28	21.60	17.82	39.31
EPS (Diluted)	11.73	5.28	21.60	17.82	39.31
EPS Growth	122.16%	-75.56%	21.22%	-54.67%	38.16%
Free Cash Flow	20,370	9,516	11,985	-8,346	-19,207
Free Cash Flow Per Share	16.98	7.92	9.99	-6.96	-16.01
Dividend Per Share	5.000	5.000	6.000	8.000	18.500
Dividend Growth	-	-16.67%	-25.00%	-56.76%	32.14%
Gross Margin	13.13%	13.07%	14.70%	13.74%	20.58%
Operating Margin	0.04%	0.78%	2.25%	2.40%	10.00%
Profit Margin	2.83%	1.24%	5.19%	3.75%	8.90%
Free Cash Flow Margin	4.10%	1.86%	2.40%	-1.47%	-3.62%
EBITDA	28,915	30,965	36,477	38,376	77,576
EBITDA Margin	5.82%	6.06%	7.30%	6.74%	14.63%
D&A For EBITDA	28,729	26,997	25,211	24,707	24,549
EBIT	185.62	3,969	11,265	13,669	53,028
EBIT Margin	0.04%	0.78%	2.25%	2.40%	10.00%
Effective Tax Rate	45.74%	50.39%	25.02%	20.78%	13.99%
Advertising Expenses	2,160	2,361	3,034	3,003	2,178

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