Bangkok Expressway and Metro PCL
SET:BEM
Income Statement
Earnings Waterfall
Bangkok Expressway and Metro PCL
Income Statement
Bangkok Expressway and Metro PCL
| Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1 450
|
1 934
|
1 907
|
1 999
|
1 937
|
1 446
|
1 547
|
1 440
|
1 509
|
1 611
|
1 826
|
1 875
|
1 930
|
1 857
|
1 667
|
1 658
|
1 660
|
1 723
|
0
|
0
|
0
|
1 913
|
0
|
0
|
0
|
1 948
|
0
|
0
|
0
|
2 177
|
0
|
0
|
0
|
1 987
|
0
|
0
|
0
|
1 929
|
0
|
0
|
0
|
0
|
|
| Revenue |
11 663
N/A
|
11 738
+1%
|
11 842
+1%
|
11 903
+1%
|
12 380
+4%
|
13 104
+6%
|
13 810
+5%
|
14 596
+6%
|
15 065
+3%
|
15 153
+1%
|
15 308
+1%
|
15 402
+1%
|
15 449
+0%
|
15 614
+1%
|
15 699
+1%
|
15 762
+0%
|
15 888
+1%
|
16 107
+1%
|
15 934
-1%
|
14 560
-9%
|
14 060
-3%
|
13 489
-4%
|
12 804
-5%
|
12 718
-1%
|
11 299
-11%
|
10 727
-5%
|
10 710
0%
|
11 569
+8%
|
13 154
+14%
|
14 029
+7%
|
15 034
+7%
|
15 680
+4%
|
16 124
+3%
|
16 374
+2%
|
16 525
+1%
|
16 641
+1%
|
16 823
+1%
|
17 004
+1%
|
17 013
+0%
|
16 987
0%
|
16 940
0%
|
16 916
0%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(7 792)
|
(7 094)
|
(8 006)
|
(7 990)
|
(8 218)
|
(3 506)
|
(8 372)
|
(8 943)
|
(9 239)
|
(5 265)
|
(9 241)
|
(9 285)
|
(9 373)
|
(5 549)
|
(9 862)
|
(10 021)
|
(10 219)
|
(5 999)
|
(9 495)
|
(8 633)
|
(7 729)
|
(6 678)
|
(6 725)
|
(6 628)
|
(6 308)
|
(6 058)
|
(6 002)
|
(6 204)
|
(6 546)
|
(7 046)
|
(7 759)
|
(8 369)
|
(9 050)
|
(9 311)
|
(9 329)
|
(9 314)
|
(9 349)
|
(9 496)
|
(9 466)
|
(9 462)
|
(9 435)
|
(9 458)
|
|
| Gross Profit |
3 871
N/A
|
4 643
+20%
|
3 836
-17%
|
3 912
+2%
|
4 162
+6%
|
9 598
+131%
|
5 438
-43%
|
5 653
+4%
|
5 826
+3%
|
9 888
+70%
|
6 066
-39%
|
6 117
+1%
|
6 075
-1%
|
10 065
+66%
|
5 836
-42%
|
5 740
-2%
|
5 669
-1%
|
10 108
+78%
|
6 439
-36%
|
5 927
-8%
|
6 331
+7%
|
6 812
+8%
|
6 079
-11%
|
6 090
+0%
|
4 991
-18%
|
4 669
-6%
|
4 708
+1%
|
5 365
+14%
|
6 608
+23%
|
6 983
+6%
|
7 275
+4%
|
7 311
+0%
|
7 074
-3%
|
7 064
0%
|
7 196
+2%
|
7 327
+2%
|
7 474
+2%
|
7 507
+0%
|
7 547
+1%
|
7 524
0%
|
7 505
0%
|
7 458
-1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(136)
|
(1 104)
|
(234)
|
(224)
|
(272)
|
(5 423)
|
(1 129)
|
(1 168)
|
(1 128)
|
(5 085)
|
(1 126)
|
(1 161)
|
(1 191)
|
(5 589)
|
(1 358)
|
(1 358)
|
(1 380)
|
(5 648)
|
1 275
|
(2 366)
|
(2 724)
|
(3 045)
|
(2 462)
|
(2 400)
|
(2 187)
|
(2 056)
|
(2 009)
|
(2 158)
|
(2 390)
|
(2 528)
|
(1 561)
|
(1 243)
|
(877)
|
(477)
|
(453)
|
(446)
|
(458)
|
(499)
|
(530)
|
(560)
|
(573)
|
(592)
|
|
| Selling, General & Administrative |
(205)
|
(1 115)
|
(274)
|
(263)
|
(315)
|
(1 131)
|
(1 163)
|
(1 205)
|
(1 166)
|
(1 144)
|
(1 182)
|
(1 210)
|
(1 235)
|
(1 364)
|
(1 382)
|
(1 400)
|
(1 428)
|
(1 336)
|
(1 328)
|
(1 337)
|
(1 344)
|
(1 347)
|
(1 356)
|
(1 298)
|
(1 253)
|
(1 160)
|
(1 110)
|
(1 131)
|
(1 145)
|
(1 160)
|
(1 197)
|
(1 214)
|
(1 233)
|
(1 241)
|
(1 228)
|
(1 223)
|
(1 237)
|
(1 261)
|
(1 264)
|
(1 276)
|
(1 265)
|
(1 267)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(4 323)
|
0
|
0
|
0
|
(3 941)
|
0
|
0
|
0
|
(4 225)
|
0
|
0
|
0
|
(4 312)
|
(859)
|
(1 062)
|
(1 401)
|
(1 749)
|
(1 164)
|
(1 164)
|
(994)
|
(932)
|
(936)
|
(1 062)
|
(1 278)
|
(1 401)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
68
|
12
|
40
|
39
|
43
|
30
|
34
|
36
|
38
|
0
|
56
|
49
|
44
|
0
|
23
|
42
|
47
|
0
|
3 462
|
33
|
21
|
51
|
58
|
62
|
60
|
35
|
37
|
35
|
33
|
33
|
(364)
|
(29)
|
355
|
764
|
775
|
777
|
779
|
762
|
734
|
716
|
692
|
675
|
|
| Operating Income |
3 735
N/A
|
3 540
-5%
|
3 603
+2%
|
3 688
+2%
|
3 890
+5%
|
4 175
+7%
|
4 309
+3%
|
4 485
+4%
|
4 699
+5%
|
4 803
+2%
|
4 940
+3%
|
4 956
+0%
|
4 885
-1%
|
4 477
-8%
|
4 478
+0%
|
4 382
-2%
|
4 288
-2%
|
4 460
+4%
|
7 714
+73%
|
3 561
-54%
|
3 608
+1%
|
3 767
+4%
|
3 617
-4%
|
3 690
+2%
|
2 804
-24%
|
2 613
-7%
|
2 699
+3%
|
3 207
+19%
|
4 218
+32%
|
4 456
+6%
|
5 714
+28%
|
6 068
+6%
|
6 196
+2%
|
6 587
+6%
|
6 742
+2%
|
6 880
+2%
|
7 016
+2%
|
7 008
0%
|
7 017
+0%
|
6 964
-1%
|
6 933
0%
|
6 866
-1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
815
|
(117)
|
1 108
|
997
|
(167)
|
(999)
|
(1 120)
|
(1 020)
|
(1 071)
|
(1 030)
|
(1 077)
|
(769)
|
1 979
|
(475)
|
2 208
|
2 063
|
(549)
|
(719)
|
(938)
|
(1 039)
|
(1 228)
|
(1 131)
|
(1 432)
|
(1 443)
|
(1 447)
|
(1 229)
|
(1 517)
|
(1 504)
|
(1 569)
|
(1 438)
|
(2 363)
|
(2 381)
|
(2 379)
|
(1 987)
|
(2 401)
|
(2 412)
|
(2 425)
|
(1 929)
|
(2 407)
|
(2 370)
|
(2 324)
|
(1 872)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2 496
|
0
|
3 409
|
3 409
|
3 409
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
65
|
(0)
|
(0)
|
0
|
27
|
0
|
0
|
0
|
56
|
0
|
0
|
0
|
(200)
|
0
|
0
|
0
|
(239)
|
0
|
0
|
0
|
(184)
|
0
|
0
|
0
|
(384)
|
0
|
0
|
0
|
(498)
|
0
|
0
|
0
|
(405)
|
|
| Pre-Tax Income |
4 549
N/A
|
3 422
-25%
|
4 710
+38%
|
4 685
-1%
|
3 723
-21%
|
3 176
-15%
|
3 189
+0%
|
3 466
+9%
|
3 628
+5%
|
3 838
+6%
|
3 864
+1%
|
4 187
+8%
|
6 863
+64%
|
6 525
-5%
|
6 686
+2%
|
9 854
+47%
|
7 148
-27%
|
7 207
+1%
|
6 777
-6%
|
2 523
-63%
|
2 379
-6%
|
2 437
+2%
|
2 185
-10%
|
2 247
+3%
|
1 357
-40%
|
1 145
-16%
|
1 183
+3%
|
1 703
+44%
|
2 649
+56%
|
2 834
+7%
|
3 351
+18%
|
3 687
+10%
|
3 817
+4%
|
4 216
+10%
|
4 341
+3%
|
4 468
+3%
|
4 591
+3%
|
4 581
0%
|
4 610
+1%
|
4 595
0%
|
4 608
+0%
|
4 589
0%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(959)
|
(721)
|
(970)
|
(948)
|
(707)
|
(563)
|
(574)
|
(629)
|
(657)
|
(696)
|
(686)
|
(756)
|
(1 257)
|
(1 189)
|
(1 222)
|
(2 250)
|
(1 726)
|
(1 755)
|
(1 682)
|
(396)
|
(369)
|
(382)
|
(335)
|
(349)
|
(174)
|
(134)
|
(141)
|
(229)
|
(420)
|
(398)
|
(502)
|
(571)
|
(594)
|
(737)
|
(764)
|
(789)
|
(815)
|
(813)
|
(818)
|
(813)
|
(814)
|
(808)
|
|
| Income from Continuing Operations |
3 590
|
2 701
|
3 740
|
3 737
|
3 017
|
2 613
|
2 615
|
2 836
|
2 971
|
3 142
|
3 178
|
3 430
|
5 607
|
5 336
|
5 464
|
7 605
|
5 421
|
5 452
|
5 094
|
2 126
|
2 010
|
2 055
|
1 851
|
1 898
|
1 183
|
1 011
|
1 041
|
1 475
|
2 229
|
2 436
|
2 849
|
3 116
|
3 223
|
3 479
|
3 577
|
3 679
|
3 776
|
3 768
|
3 792
|
3 782
|
3 794
|
3 781
|
|
| Income to Minority Interest |
(64)
|
(51)
|
(33)
|
(21)
|
(13)
|
(7)
|
(9)
|
(12)
|
(15)
|
(19)
|
(21)
|
(18)
|
(15)
|
(19)
|
(24)
|
(25)
|
(25)
|
(17)
|
(11)
|
(9)
|
(8)
|
(4)
|
(2)
|
(1)
|
1
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Net Income (Common) |
3 527
N/A
|
2 650
-25%
|
3 707
+40%
|
3 715
+0%
|
3 004
-19%
|
2 606
-13%
|
2 606
+0%
|
2 824
+8%
|
2 957
+5%
|
3 123
+6%
|
3 157
+1%
|
3 413
+8%
|
5 592
+64%
|
5 317
-5%
|
5 440
+2%
|
7 580
+39%
|
5 397
-29%
|
5 435
+1%
|
5 083
-6%
|
2 118
-58%
|
2 003
-5%
|
2 051
+2%
|
1 849
-10%
|
1 897
+3%
|
1 184
-38%
|
1 010
-15%
|
1 041
+3%
|
1 475
+42%
|
2 229
+51%
|
2 436
+9%
|
2 849
+17%
|
3 116
+9%
|
3 223
+3%
|
3 479
+8%
|
3 577
+3%
|
3 679
+3%
|
3 776
+3%
|
3 768
0%
|
3 792
+1%
|
3 782
0%
|
3 794
+0%
|
3 781
0%
|
|
| EPS (Diluted) |
0.23
N/A
|
0.17
-26%
|
0.24
+41%
|
0.24
N/A
|
0.19
-21%
|
0.17
-11%
|
0.17
N/A
|
0.19
+12%
|
0.2
+5%
|
0.2
N/A
|
0.21
+5%
|
0.22
+5%
|
0.36
+64%
|
0.35
-3%
|
0.37
+6%
|
0.49
+32%
|
0.35
-29%
|
0.36
+3%
|
0.3
-17%
|
0.14
-53%
|
0.13
-7%
|
0.13
N/A
|
0.11
-15%
|
0.12
+9%
|
0.07
-42%
|
0.07
N/A
|
0.07
N/A
|
0.09
+29%
|
0.15
+67%
|
0.16
+7%
|
0.19
+19%
|
0.21
+11%
|
0.21
N/A
|
0.23
+10%
|
0.24
+4%
|
0.24
N/A
|
0.25
+4%
|
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
|