Thakral Corporation Income Statement

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

Millions SGD. 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
Operating Revenue	352.12	288.81	212.27	160.42	127.8
Other Revenue	59.2	-	-	-	-
Revenue	411.33	288.81	212.27	160.42	127.8
Revenue Growth (YoY)	42.42%	36.06%	32.32%	25.53%	41.80%
Cost of Revenue	298.08	234.65	166.37	121.2	99.93
Gross Profit	113.24	54.16	45.9	39.22	27.86
Selling, General & Admin	59.12	38.11	33.42	34.7	26.39
Other Operating Expenses	-0.3	1.2	0.83	0.58	0.11
Operating Expenses	59.76	39.31	34.25	35.28	26.5
Operating Income	53.48	14.85	11.65	3.95	1.36
Interest Expense	-4.41	-4.32	-3.78	-2.34	-2.28
Interest & Investment Income	0.55	0.68	0.47	0.05	0.02
Earnings From Equity Investments	15.73	22.54	34.79	30.97	37.04
Currency Exchange Gain (Loss)	-0.52	1.23	-0.17	-0.63	-0.16
Other Non Operating Income (Expenses)	-0.08	-	-	-	-
EBT Excluding Unusual Items	64.76	34.98	42.96	32	35.99
Merger & Restructuring Charges	-	-	-20.38	-	-
Gain (Loss) on Sale of Investments	174.24	7.05	3	2.21	-
Gain (Loss) on Sale of Assets	-	0.78	0.58	0.97	0.71
Asset Writedown	-	-	-	1.41	3.33
Other Unusual Items	-	-	0.01	-	-
Pretax Income	239	42.8	26.17	36.59	40.03
Income Tax Expense	64.8	7.92	7.72	10.02	9.36
Earnings From Continuing Operations	174.19	34.89	18.45	26.57	30.67
Minority Interest in Earnings	-3.26	-6.08	-10.26	-7.96	-11.46
Net Income	170.93	28.81	8.18	18.62	19.21
Net Income to Common	170.93	28.81	8.18	18.62	19.21
Net Income Growth	493.33%	252.10%	-56.05%	-3.07%	193.96%
Shares Outstanding (Basic)	127	128	128	131	131
Shares Outstanding (Diluted)	127	128	128	131	131
Shares Change (YoY)	-1.04%	-0.06%	-2.22%	-0.02%	-
EPS (Basic)	1.35	0.23	0.06	0.14	0.15
EPS (Diluted)	1.35	0.23	0.06	0.14	0.15
EPS Growth	499.59%	252.27%	-55.05%	-3.05%	194.14%
Free Cash Flow	-17.35	-11.73	-16.3	-11.07	-14.39
Free Cash Flow Per Share	-0.14	-0.09	-0.13	-0.09	-0.11
Dividend Per Share	0.055	0.040	0.040	0.040	0.040
Dividend Growth	37.50%	-	-	-	33.33%
Gross Margin	27.53%	18.75%	21.62%	24.45%	21.80%
Operating Margin	13.00%	5.14%	5.49%	2.46%	1.07%
Profit Margin	41.56%	9.98%	3.85%	11.61%	15.03%
Free Cash Flow Margin	-4.22%	-4.06%	-7.68%	-6.90%	-11.26%
EBITDA	56.15	15.59	12.15	4.36	1.83
EBITDA Margin	13.65%	5.40%	5.72%	2.72%	1.43%
D&A For EBITDA	2.67	0.74	0.5	0.41	0.47
EBIT	53.48	14.85	11.65	3.95	1.36
EBIT Margin	13.00%	5.14%	5.49%	2.46%	1.07%
Effective Tax Rate	27.11%	18.50%	29.51%	27.38%	23.38%
Revenue as Reported	411.33	-	-	-	-
Advertising Expenses	15.69	-	-	-	-

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