Total Operating Revenue (1) (1) Excludes other income

(Unit: THB Mn)

Net Profit

(Unit: THB Mn)

Revenue Breakdown

(Unit: THB Mn)

(Unit: THB Mn)

  3Q2024 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025
Financial Performance
Total operating revenue
(1)
(1)
Excludes other income
2,553 2,423 2,251 2,252 2,314 2,712
Cost of sales 1,863 1,646 1,495 1,520 1,582 1,861
Gross profit
(1)
(1)
Excludes other income
690 777 755 732 732 851
EBITDA
(2)
(2)
EBITDA = EBITDA - Lease payments
1,070 1,124 1,087 1,079 1,128 1,199
EBIT 433 471 454 448 467 545
Net Profit (Loss) Attributable to : Owners of the Parent 282 323 193 270 290 352
Financial Position
Total Assets 16,727 16,678 17,712 17,598 20,424 19,471
Total Liabilities 6,651 6,716 7,788 7,435 7,556 6,879
Total shareholders' equity 10,076 9,963 9,924 10,163 12,868 12,592
Key Financial Ratios
Profitability Ratios
(2)
(2)
Calculated using total revenue
Gross profit margin (%) 27.0 32.1 33.6 32.5 31.6 31.4
EBITDA margin (%) 41.9 46.4 48.3 47.9 48.7 44.2
EBIT margin(%) 17.0 19.4 20.2 19.9 20.2 20.1
Net profit margin (%) 11.1 13.3 8.6 12.0 12.5 13.0
ROE (%) 11.1 11.4 11.3 11.1 9.7 9.4
Liquidity Ratios
Current ratio (times) 1.3 1.2 1.2 1.3 1.3 1.4
Efficiency Ratios
ROA (%) 9.9 9.9 10.5 10.6 9.9 9.8
Asset turnover (times) 0.6 0.6 0.6 0.6 0.5 0.5
Leverage Ratios
Debt to equity (times) 0.7 0.7 0.8 0.7 0.6 0.6

Remark :

(1) Excludes other income

(2) EBITDA = EBITDA - Lease payments

(Unit: THB Mn)

  2020 2021 2022
(Restated)
2023 2024 2025
Financial Performance
Total operating revenue
(1)
(1)
Excludes other income
3,724 4,443 6,590 8,365 9,138 9,528
Cost of sales 2,895 3,800 4,785 5,861 6,393 6,458
Gross profit
(1)
(1)
Excludes other income
829 643 1,805 2,504 2,745 3,070
EBITDA 2,079 2,304 3,478 3,846 4,166 4,493
EBIT 300 224 1,100 1,455 1,632 1,914
Net Profit (Loss) Attributable to : Owners of the Parent 140 64 686 911 1,050 1,105
Financial Position
Total Assets 12,250 13,764 15,462 16,245 16,678 19,471
Total Liabilities 6,596 6,404 7,255 7,295 6,716 6,879
Total shareholders' equity 5,655 7,360 8,206 8,950 9,963 12,592
Key Financial Ratios
Profitability Ratios
(2)
(2)
Calculated using total revenue
Gross profit margin (%) 22.3 14.5 27.4 29.9 30.0 32.2
EBITDA margin (%) 55.8 51.9 52.8 46.0 45.6 47.2
EBIT margin (%) 8.0 5.0 16.7 17.4 17.9 20.1
Net profit margin (%) 3.8 1.4 10.4 10.9 11.5 11.6
ROE (%) 2.4 3.9 8.7 10.5 10.8 9.4
Liquidity Ratios
Current ratio (times) 0.8 1.2 0.8 1.0 1.2 1.4
Efficiency Ratios
ROA (%) 3.0 3.7 7.1 9.0 9.8 9.8
Asset turnover (times) 0.3 0.3 0.4 0.5 0.5 0.5
Leverage Ratios
Debt to equity (times) 1.3 0.9 0.9 0.8 0.7 0.6

Remark :

(1) Excludes other income

(2) EBITDA = EBITDA - Lease payments