TH Plantations Berhad Income Statement

Financials in millions MYR. Fiscal year is January - December.

Millions MYR. 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	961.24	877.73	752.03	881.26	760.8
Revenue Growth (YoY)	9.51%	16.71%	-14.66%	15.83%	37.06%
Cost of Revenue	660.43	630.84	594.12	646.95	515.47
Gross Profit	300.81	246.9	157.91	234.31	245.34
Selling, General & Admin	45.22	45.8	38.75	40.41	30.53
Other Operating Expenses	-2.3	17.53	-8.79	60.03	6.88
Operating Expenses	42.92	63.33	29.95	100.43	37.4
Operating Income	257.89	183.57	127.96	133.88	207.94
Interest Expense	-48.12	-51.24	-52.79	-72.24	-80.67
Interest & Investment Income	-	4.69	3.65	3.43	3.12
Currency Exchange Gain (Loss)	-25.59	-	-	-	-
Other Non Operating Income (Expenses)	5.64	-	0.03	-1.52	-0.01
EBT Excluding Unusual Items	189.83	137.02	78.84	63.55	130.37
Gain (Loss) on Sale of Investments	-	-	-	45.01	-
Gain (Loss) on Sale of Assets	-	-	3.54	-0.13	0.01
Asset Writedown	-10.84	23.4	3.53	17.37	7.49
Pretax Income	178.99	160.42	85.91	125.81	137.87
Income Tax Expense	67.93	63.1	25.81	37.87	36.3
Earnings From Continuing Operations	111.06	97.32	60.1	87.94	101.57
Minority Interest in Earnings	-19.26	-22.14	-13.48	-19.17	-31.4
Net Income	91.8	75.18	46.62	68.77	70.17
Preferred Dividends & Other Adjustments	-	17.99	17.55	9.09	-
Net Income to Common	91.8	57.19	29.07	59.68	70.17
Net Income Growth	22.11%	61.26%	-32.21%	-1.99%	401.51%
Shares Outstanding (Basic)	1,098	884	884	884	884
Shares Outstanding (Diluted)	1,098	884	884	884	884
Shares Change (YoY)	24.24%	-	-	-	-
EPS (Basic)	0.08	0.06	0.03	0.07	0.08
EPS (Diluted)	0.08	0.06	0.03	0.07	0.08
EPS Growth	29.20%	96.72%	-51.29%	-14.95%	402.44%
Free Cash Flow	150.16	123.29	71.53	110.02	23.09
Free Cash Flow Per Share	0.14	0.14	0.08	0.12	0.03
Dividend Per Share	-	0.030	0.020	0.030	-
Dividend Growth	-	50.00%	-33.33%	-	-
Gross Margin	31.29%	28.13%	21.00%	26.59%	32.25%
Operating Margin	26.83%	20.91%	17.02%	15.19%	27.33%
Profit Margin	9.55%	6.52%	3.87%	6.77%	9.22%
Free Cash Flow Margin	15.62%	14.05%	9.51%	12.48%	3.03%
EBITDA	333.27	251.17	193.43	202.79	273.81
EBITDA Margin	34.67%	28.62%	25.72%	23.01%	35.99%
D&A For EBITDA	75.38	67.6	65.48	68.91	65.88
EBIT	257.89	183.57	127.96	133.88	207.94
EBIT Margin	26.83%	20.91%	17.02%	15.19%	27.33%
Effective Tax Rate	37.95%	39.33%	30.04%	30.10%	26.33%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.