Also trades as: AOT.BK (SET) · $vol 53M · AIPUY (OTC) · $vol 0M · APTPF (OTC) · $vol 0M · TX3A.F (FSX) · $vol 0M · AIPUF (OTC) · $vol 0M

฿59.75 ($1.78)

+0.00 (+0.00%)

Weekly Expected Move ±2.5%

฿57 ฿58 ฿60 ฿61 ฿63

SET · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 39 · ฿853.6B mcap · 4.09B float · 0.770% daily turnover

Revenue

$66.7B -0.7% ▼

5Y CAGR: +16.3%

Gross Profit

$36.8B -21.7% ▼

5Y CAGR: +16.3%

Operating Income

$25.9B -5.3% ▼

5Y CAGR: +34.0%

Net Income

$18.1B -5.5% ▼

5Y CAGR: +33.2%

EPS (Diluted)

$1.27 -5.2% ▼

5Y CAGR: +33.5%

EBITDA

$37.9B +7.8% ▲

5Y CAGR: +28.8%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$7.1B	$16.8B	$48.1B	$67.1B	$66.7B
YoY Growth	-77.4%	+137.1%	+186.4%	+39.4%	-0.7%
Cost of Revenue	$11.3B	$13.2B	$17.8B	$20.1B	$29.8B
Gross Profit	-$4.2B	$3.6B	$30.4B	$47.0B	$36.8B
Gross Margin	-59.4%	21.6%	63.0%	70.0%	55.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$2.4B	$2.7B	$4.3B	$5.2B	$0
Operating Expenses	$13.4B	$14.6B	$16.2B	$19.7B	$11.0B
Operating Income	-$17.6B	-$10.9B	$14.2B	$27.3B	$25.9B
Operating Margin	-247.8%	-65.0%	29.5%	40.7%	38.8%
Interest Expense	$3.0B	$2.9B	$2.9B	$2.8B	$2.5B
Income Before Tax	-$20.5B	-$13.9B	$11.3B	$24.5B	$23.3B
Tax Expense	-$4.2B	-$2.9B	$2.2B	$4.9B	$4.8B
Net Income	-$16.3B	-$11.1B	$8.8B	$19.2B	$18.1B
Net Margin	-230.2%	-66.0%	18.3%	28.6%	27.2%
EPS (Diluted)	$-1.14	$-0.78	$0.62	$1.34	$1.27
EBITDA	-$11.6B	-$5.7B	$19.9B	$35.1B	$37.9B
Shares Outstanding	14.29B	14.29B	14.29B	14.29B	14.29B

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$16.4B	$17.8B	$18.1B	$15.8B	$15.8B	$16.9B	$18.4B	$14.9B
Cost of Revenue	$5.5B	$5.1B	$5.3B	$5.4B	$7.4B	$7.7B	$9.9B	$5.1B
Gross Profit	$10.9B	$12.7B	$12.7B	$10.4B	$8.3B	$9.1B	$8.5B	$9.8B
Gross Margin	66.7%	71.3%	70.5%	65.7%	52.8%	54.3%	46.1%	65.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$1.3B	$1.4B	$1.4B	$1.3B	$0	$0	$0	$422M
Operating Expenses	$4.8B	$5.1B	$5.3B	$5.0B	-$15.5B	$2.6B	$0	$3.8B
Operating Income	$6.1B	$7.6B	$7.4B	$5.4B	$23.8B	$6.5B	$8.5B	$6.0B
Operating Margin	37.3%	42.4%	41.1%	33.9%	151.1%	38.8%	46.1%	40.4%
Interest Expense	$672M	$627M	$635M	$626M	$627M	$577M	$577M	$0
Income Before Tax	$5.4B	$6.9B	$6.8B	$4.7B	$4.9B	$6.0B	$7.3B	$5.4B
Tax Expense	$1.1B	$1.4B	$1.6B	$831M	$974M	$1.2B	$1.4B	$997M
Net Income	$4.3B	$5.3B	$5.1B	$3.9B	$3.9B	$4.7B	$5.7B	$4.4B
Net Margin	26.0%	30.0%	27.9%	24.4%	24.5%	27.6%	31.0%	29.8%
EPS (Diluted)	$0.30	$0.37	$0.35	$0.27	$0.27	$0.33	$0.40	$0.31
EBITDA	$7.7B	$9.7B	$9.6B	$7.4B	$8.6B	$9.5B	$10.7B	$7.7B
Shares Outstanding	14.27B	14.44B	14.44B	14.31B	14.29B	14.10B	14.29B	14.33B

AOT-R.BK SET