Financial Highlights

Performance Results

Note:

¹ Ratio was calculated from sales by brands to sales,

² Excluded expenses related to raw material cost fluctuations, natural disasters, marketing for the Brand Admirer campaign, pre-opening costs for new store openings, and the company's initial public offering (IPO), totaling THB 21.5 million.

³ Excluded one-time items totaling THB 17.0 million as a result of the Company’s relocation to a new central kitchen, consisting of 1. Write-off expenses for leasehold improvements and building systems, demolition expenses, and relocation of the new central kitchen expenses amounting to THB 15.0 million, and 2. Write-off of assets due to machinery damage amounting to THB 2.0 million

Unit: Million Baht

	2023	2024²	2025³	4Q2025³
Income Statement
Sales	1,712.8	2,421.1	2,726.5	622.0
Total revenues	1,716.8	2,444.1	715.4	715.4
Gross profit	773.4	1,077.8	1,179.0	249.0
EBITDA	334.3	445.4	367.1	46.3
EBIT	191.4	269.6	25.7	25.7
Net profit	140.6	223.2	87.4	-17.3
Financial Position
Assets	1,349.9	2,690.8	2,447.8	2,447.8
Liabilities	772.0	951.7	735.8	735.8
Equity	577.9	1,739.0	1,712.0	1,712.0
Key financial ratios
Gross profit as % to sales	45.2%	44.5%	43.2%	40.0%
SG&A as % to sales	34.2%	34.3%	40.0%	46.7%
EBITDA margin as % to total revenues	19.5%	18.2%	13.4%²	7.4%³
EBIT margin as % to total revenues	11.2%	11.0%	0.9%	4.1%
Net profit margin as % total revenues	8.2%	9.1%	3.2%²	-2.8%³
ROA (%)	16.3%	13.3%	4.1%	4.1%
ROE (%)	24.3%	11.6%	4.1%	4.1%
Debt to equity ratio (time)	1.3	0.6	0.4	0.4
Interest bearing debt to equity (time)	0.3	0.1	0.02	0.02

Note:

¹ Excluded expenses related to raw material cost fluctuations, natural disasters, marketing for the Brand Admirer campaign, pre-opening costs for new store openings, and the company's initial public offering (IPO), totaling THB 21.5 million.