Also trades as: AAV.BK (SET) · $vol 1M

฿0.83 ($0.02)

+0.01 (+1.22%)

Weekly Expected Move ±8.1%

฿1 ฿1 ฿1 ฿1 ฿1

SET · Industrials · Airlines, Airports & Air Services · Tech Score Strong Sell · Power 24 · ฿10.7B mcap · 4.06B float · 1.58% daily turnover

Revenue

$45.7B -7.6% ▼

5Y CAGR: +27.4%

Gross Profit

$5.6B -34.5% ▼

Operating Income

$2.1B -68.7% ▼

Net Income

$2.3B -32.8% ▼

EPS (Diluted)

$0.18 -33.3% ▼

EBITDA

$7.0B -34.9% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$3.8B	$17.6B	$41.2B	$49.4B	$45.7B
YoY Growth	-71.9%	+358.5%	+135.0%	+19.9%	-7.6%
Cost of Revenue	$11.2B	$23.5B	$36.7B	$40.9B	$40.1B
Gross Profit	-$7.4B	-$6.0B	$4.5B	$8.6B	$5.6B
Gross Margin	-193.2%	-34.1%	10.9%	17.3%	12.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.2B	$1.7B	$3.0B	$3.2B	$3.6B
Operating Expenses	$4.5B	$2.5B	$1.7B	$1.9B	$3.5B
Operating Income	-$11.9B	-$8.5B	$2.8B	$6.7B	$2.1B
Operating Margin	-309.5%	-48.3%	6.8%	13.5%	4.6%
Interest Expense	$1.9B	$2.2B	$2.3B	$2.6B	$2.8B
Income Before Tax	-$13.7B	-$10.7B	$527M	$4.2B	$2.9B
Tax Expense	-$1.7B	-$2.5B	$61M	$703M	$515M
Net Income	-$6.6B	-$8.0B	$466M	$3.5B	$2.3B
Net Margin	-173.6%	-45.7%	1.1%	7.0%	5.1%
EPS (Diluted)	$-1.30	$-0.69	$0.04	$0.27	$0.18
EBITDA	-$6.5B	-$2.4B	$7.7B	$10.7B	$7.0B
Shares Outstanding	5.12B	11.60B	12.29B	12.85B	12.85B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$10.9B	$13.2B	$13.2B	$9.8B	$9.3B	$13.4B	$13.5B	$10.0B
Cost of Revenue	$9.6B	$10.1B	$10.3B	$9.7B	$9.4B	$10.5B	$10.5B	$10.9B
Gross Profit	$1.3B	$3.1B	$3.0B	$83M	-$158M	$2.8B	$3.0B	-$838M
Gross Margin	11.9%	23.6%	22.4%	0.8%	-1.7%	21.2%	22.1%	-8.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$859M	$965M	$914M	$853M	$982M	$892M	$796M	$706M
Operating Expenses	-$3.6B	$2.1B	$914M	-$608M	$328M	$892M	$1.8B	$706M
Operating Income	$4.9B	$1.0B	$2.0B	$691M	-$486M	$1.9B	$1.2B	-$1.5B
Operating Margin	44.7%	7.6%	15.5%	7.0%	-5.2%	14.5%	8.8%	-15.4%
Interest Expense	$652M	$683M	$682M	$697M	$731M	$715M	$681M	$644M
Income Before Tax	$4.3B	$358M	$1.7B	$104M	-$1.1B	$2.1B	$1.1B	-$2.1B
Tax Expense	$808M	$1M	$315M	-$110M	-$188M	$498M	$227M	$270M
Net Income	$3.4B	$357M	$1.4B	$214M	-$875M	$1.6B	$841M	-$2.3B
Net Margin	31.5%	2.7%	10.5%	2.2%	-9.4%	12.0%	6.2%	-23.2%
EPS (Diluted)	$0.27	$0.03	$0.11	$0.02	$-0.07	$0.12	$0.07	$-0.18
EBITDA	$6.0B	$2.0B	$3.5B	$2.0B	$963M	$3.2B	$2.5B	-$271M
Shares Outstanding	12.85B	12.85B	12.85B	12.85B	12.85B	12.85B	12.85B	12.85B

AAV-R.BK SET