Income Statement ARIP

Stocks

ARIP

TH1048010009

Business Support Services

End-of-day quote Thailand S.E. 2026-09-23			5-day change	1st Jan Change
0.4400 ^THB	0.00%		+2.33%	-

08-10	ARIP Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-12	ARIP Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ARIP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	168M	226M	247M	216M	255M
Other Revenues, Total	1.49M	317K	68.12K	68.44K	3.03M
Total Revenues	169M	227M	247M	216M	258M
Cost of Goods Sold, Total	118M	167M	182M	154M	192M
Gross Profit	51.54M	59.92M	65.38M	61.98M	65.78M
Selling General & Admin Expenses, Total	45.34M	45.58M	51.17M	54M	53.19M
Other Operating Expenses, Total	45.34M	45.58M	51.17M	54M	53.19M
Operating Income	6.2M	14.34M	14.2M	7.98M	12.59M
Interest Expense, Total	-51K	-112K	-114K	-90.61K	-324K
Interest And Investment Income	421K	837K	1.59M	2.42M	1.59M
Net Interest Expenses	370K	724K	1.48M	2.33M	1.26M
EBT, Excl. Unusual Items	6.57M	15.06M	15.68M	10.31M	13.85M
EBT, Incl. Unusual Items	6.57M	15.06M	15.68M	10.31M	13.85M
Income Tax Expense	1.36M	2.96M	3.06M	2.01M	2.68M
Earnings From Continuing Operations	5.2M	12.1M	12.62M	8.3M	11.17M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	5.2M	12.1M	12.62M	8.3M	11.17M
Net Income - (IS)	5.2M	12.1M	12.62M	8.3M	11.17M
Net Income to Common Incl Extra Items	5.2M	12.1M	12.62M	8.3M	11.17M
Net Income to Common Excl. Extra Items	5.2M	12.1M	12.62M	8.3M	11.17M
Per Share Items
Net EPS - Basic	0.01	0.03	0.03	0.02	0.02
Basic EPS - Continuing Operations	0.01	0.03	0.03	0.02	0.02
Basic Weighted Average Shares Outstanding	466M	466M	466M	466M	466M
Net EPS - Diluted	0.01	0.03	0.03	0.02	0.02
Diluted EPS - Continuing Operations	0.01	0.03	0.03	0.02	0.02
Diluted Weighted Average Shares Outstanding	466M	466M	466M	466M	466M
Normalized Basic EPS	0.01	0.02	0.02	0.01	0.02
Normalized Diluted EPS	0.01	0.02	0.02	0.01	0.02
Dividend Per Share	-	0.02	0.02	0.02	0.02
Payout Ratio	-	-	79.38	120.66	70.49
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	8.01M	17.01M	18.27M	13.82M	17.89M
EBITA	6.97M	15.41M	15.4M	9.41M	13.57M
EBIT	6.2M	14.34M	14.2M	7.98M	12.59M
EBITDAR	8.13M	-	-	-	-
Total Revenues (As Reported)	169M	227M	247M	216M	258M
Effective Tax Rate - (Ratio)	20.77	19.65	19.53	19.49	19.33
Current Domestic Taxes	1.04M	3.16M	3.12M	2.16M	2.96M
Total Current Taxes	1.04M	3.16M	3.12M	2.16M	2.96M
Deferred Domestic Taxes	322K	-205K	-61K	-149K	-284K
Total Deferred Taxes	322K	-205K	-61K	-149K	-284K
Normalized Net Income	4.1M	9.41M	9.8M	6.45M	8.66M
Interest on Long-Term Debt	33K	63K	57K	44K	222K
Non-Cash Pension Expense	116K	191K	-1.4M	-360K	241K
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.37M	1.91M	1.56M	1.77M	1.59M
General and Administrative Expenses	43.97M	43.67M	49.61M	52.24M	51.61M
Net Rental Expense, Total	120K	-	-	-	-
Imputed Operating Lease Interest Expense	95K	-	-	-	-
Imputed Operating Lease Depreciation	25K	-	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	39.23M	39.42M	56.26M	39.6M	62.39M
Short Term Investments	61.74M	71.06M	61.07M	51.17M	56.2M
Total Cash And Short Term Investments	101M	110M	117M	90.77M	119M
Accounts Receivable, Total	41.92M	44.01M	48.94M	28.39M	21.91M
Other Receivables	21.69M	18.92M	14.43M	30.08M	22.84M
Total Receivables	63.61M	62.93M	63.37M	58.47M	44.75M
Inventory	67.45K	57.51K	28.84K	104K	46.06K
Other Current Assets, Total	15.52M	3.42M	5.23M	8.02M	12.94M
Total Current Assets	180M	177M	186M	157M	176M
Gross Property Plant And Equipment	101M	108M	107M	109M	109M
Accumulated Depreciation	-56.09M	-60.5M	-55.77M	-59.87M	-56.38M
Net Property Plant And Equipment	45.16M	47.87M	50.86M	49.54M	52.18M
Long-term Investments	-	17.67M	17.83M	39.33M	28M
Other Intangibles, Total	17.01M	12.04M	6.73M	11.47M	6.69M
Deferred Tax Assets Long-Term	1.77M	1.98M	2.04M	2.21M	2.49M
Other Long-Term Assets, Total	13.68M	12.89M	13.55M	14.22M	14.25M
Total Assets	258M	269M	277M	274M	280M
Liabilities
Accounts Payable, Total	18.64M	14.03M	16.38M	12.43M	12.63M
Accrued Expenses, Total	11.42M	12.3M	15.26M	17.72M	13.99M
Current Portion of Leases	316K	69.06K	81.21K	95.5K	634K
Unearned Revenue Current, Total	2.12M	3.82M	2.69M	3.57M	6.51M
Other Current Liabilities	3.37M	3.58M	4.77M	3.5M	2.03M
Total Current Liabilities	35.86M	33.8M	39.18M	37.31M	35.8M
Long-Term Leases	-	311K	229K	134K	2.2M
Pension & Other Post Retirement Benefits	8.52M	9.72M	9.43M	10.37M	12.33M
Total Liabilities	44.38M	43.83M	48.85M	47.81M	50.33M
Common Stock, Total	116M	116M	116M	116M	116M
Additional Paid In Capital	83.46M	83.46M	83.46M	83.46M	83.46M
Retained Earnings	13.44M	25.54M	28.14M	26.35M	29.65M
Total Common Equity	213M	226M	228M	226M	230M
Total Equity	213M	226M	228M	226M	230M
Total Liabilities And Equity	258M	269M	277M	274M	280M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	466M	466M	466M	466M	466M
ECS Total Common Shares Outstanding	466M	466M	466M	466M	466M
Book Value / Share	0.46	0.48	0.49	0.49	0.49
Tangible Book Value	196M	213M	221M	215M	223M
Tangible Book Value Per Share	0.42	0.46	0.48	0.46	0.48
Total Debt	316K	380K	311K	229K	2.84M
Net Debt	-101M	-110M	-117M	-90.54M	-116M
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.52M	9.72M	9.43M	10.37M	12.33M
Debt Equivalent Oper. Leases	960K	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	63K	33K	26K	33K	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	319K	192K	111K	273K	-
Land - (BS)	41.07M	41.07M	41.07M	41.07M	41.07M
Buildings, Total	25.2M	25.2M	25.2M	25.2M	27.19M
Machinery, Total	34.49M	41.73M	40.08M	42.94M	36.71M
Accumulated Allowance for Doubtful Accounts (Supple)	30K	-	654K	469K	115K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	5.2M	12.1M	12.62M	8.3M	11.17M
Depreciation & Amortization - CF	1.64M	2.16M	2.95M	4.49M	4.95M
Amortization of Goodwill and Intangible Assets - (CF)	772K	1.07M	1.2M	1.43M	983K
Depreciation & Amortization, Total	2.42M	3.23M	4.15M	5.92M	5.93M
Amortization of Deferred Charges, Total - (CF)	4.07M	5.18M	5.52M	3.6M	4.09M
(Gain) Loss From Sale Of Asset	-12.54K	-5.59K	-22.56K	-5.92K	-1.04M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-1.91M
Asset Writedown & Restructuring Costs	-	4.1K	50	1	77
Provision and Write-off of Bad Debts	-610K	-30.42K	654K	-185K	-354K
Other Operating Activities, Total	14.25M	863K	-1.11M	-1.67M	90.78K
Change In Accounts Receivable	12.86M	784K	-811K	5.14M	13.85M
Change In Inventories	346K	158K	86.97K	-169K	248K
Change In Accounts Payable	1.44M	-3.51M	5.27M	-1.38M	-3.52M
Change in Unearned Revenues	-	-	-1.14M	879K	2.94M
Change in Other Net Operating Assets	-13M	14.71M	-2.11M	-4.7M	-6.34M
Cash from Operations	26.96M	33.49M	23.11M	15.72M	25.17M
Capital Expenditure	-1.57M	-4.66M	-5.9M	-3.28M	-3.56M
Sale of Property, Plant, and Equipment	16.55K	5.89K	22.69K	11.22K	1.04M
Sale (Purchase) of Intangible assets	-8.56M	-1.29M	-1.4M	-9.77M	-297K
Investment in Marketable and Equity Securities, Total	-60.02M	-27.67M	9.99M	-11.41M	8.27M
Other Investing Activities, Total	366K	746K	1.16M	2.21M	687K
Cash from Investing	-69.77M	-32.87M	3.87M	-22.24M	6.14M
Long-Term Debt Repaid, Total	-399K	-365K	-69.06K	-81.21K	-417K
Total Debt Repaid	-399K	-365K	-69.06K	-81.21K	-417K
Common Dividends Paid	-	-	-10.02M	-10.02M	-7.88M
Common & Preferred Stock Dividends Paid	-	-	-10.02M	-10.02M	-7.88M
Other Financing Activities, Total	-32.96K	-63K	-56.94K	-44.79K	-222K
Cash from Financing	-432K	-428K	-10.14M	-10.14M	-8.51M
Net Change in Cash	-43.23M	192K	16.84M	-16.66M	22.79M
Supplemental Items
Cash Interest Paid	32.96K	63K	56.94K	44.79K	222K
Cash Income Tax Paid (Refund)	3M	4.34M	5.08M	4.78M	5.62M
Levered Free Cash Flow	11.16M	22.32M	14.34M	1.54M	20.63M
Unlevered Free Cash Flow	11.19M	22.39M	14.41M	1.59M	20.83M
Change In Net Working Capital	-10.96M	-10.96M	-3.16M	-146K	-6.8M
Net Debt Issued / Repaid	-399K	-365K	-69.06K	-81.21K	-417K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	1.52	3.4	3.25	1.81	2.84
Return on Total Capital	1.83	4.08	3.91	2.19	3.43
Return On Equity %	2.47	5.52	5.56	3.65	4.9
Return on Common Equity	2.47	5.52	5.56	3.65	4.9
Margin Analysis
Gross Profit Margin %	30.46	26.45	26.47	28.67	25.49
SG&A Margin	26.79	20.12	20.72	24.98	20.62
EBITDA Margin %	4.74	7.51	7.4	6.39	6.93
EBITA Margin %	4.12	6.8	6.24	4.35	5.26
EBIT Margin %	3.66	6.33	5.75	3.69	4.88
Income From Continuing Operations Margin %	3.07	5.34	5.11	3.84	4.33
Net Income Margin %	3.07	5.34	5.11	3.84	4.33
Net Avail. For Common Margin %	3.07	5.34	5.11	3.84	4.33
Normalized Net Income Margin	2.42	4.16	3.97	2.98	3.35
Levered Free Cash Flow Margin	6.59	9.85	5.8	0.71	7.99
Unlevered Free Cash Flow Margin	6.61	9.88	5.83	0.74	8.07
Asset Turnover
Asset Turnover	0.67	0.86	0.9	0.78	0.93
Fixed Assets Turnover	3.76	4.87	5	4.31	5.07
Receivables Turnover (Average Receivables)	3.57	5.27	5.31	5.59	10.14
Inventory Turnover (Average Inventory)	1.37K	2.67K	4.21K	2.32K	2.56K
Short Term Liquidity
Current Ratio	5.02	5.23	4.75	4.22	4.93
Quick Ratio	4.59	5.13	4.61	4	4.56
Operating Cash Flow to Current Liabilities	0.75	0.99	0.59	0.42	0.7
Days Sales Outstanding (Average Receivables)	102.1	69.32	68.71	65.48	36
Days Outstanding Inventory (Average Inventory)	0.27	0.14	0.09	0.16	0.14
Average Days Payable Outstanding	52.78	35.78	30.56	34.17	23.79
Cash Conversion Cycle (Average Days)	49.58	33.67	38.23	31.47	12.35
Long Term Solvency
Total Debt/Equity	0.15	0.17	0.14	0.1	1.23
Total Debt / Total Capital	0.15	0.17	0.14	0.1	1.22
LT Debt/Equity	-	0.14	0.1	0.06	0.96
Long-Term Debt / Total Capital	-	0.14	0.1	0.06	0.95
Total Liabilities / Total Assets	17.22	16.27	17.64	17.44	17.98
EBIT / Interest Expense	121.48	127.68	125.03	88.09	38.89
EBITDA / Interest Expense	168.86	156.47	161.53	153.41	57.21
(EBITDA - Capex) / Interest Expense	138.06	114.95	109.61	117.17	46.19
Total Debt / EBITDA	0.04	0.02	0.02	0.02	0.15
Net Debt / EBITDA	-11.69	-6.27	-6.38	-6.51	-6.25
Total Debt / (EBITDA - Capex)	0.04	0.03	0.02	0.02	0.19
Net Debt / (EBITDA - Capex)	-14.3	-8.53	-9.4	-8.53	-7.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-24.71	33.88	9.02	-12.47	19.36
Gross Profit, 1 Yr. Growth %	17.31	16.27	9.11	-5.19	6.12
EBITDA, 1 Yr. Growth %	17.46	112.29	7.37	-24.37	29.47
EBITA, 1 Yr. Growth %	27.68	121.17	-0.04	-38.92	44.21
EBIT, 1 Yr. Growth %	38.57	131.44	-0.94	-43.81	57.68
Earnings From Cont. Operations, 1 Yr. Growth %	46.01	132.68	4.28	-34.21	34.55
Net Income, 1 Yr. Growth %	46.01	132.68	4.28	-34.21	34.55
Normalized Net Income, 1 Yr. Growth %	42.2	129.43	4.12	-34.24	34.29
Diluted EPS Before Extra, 1 Yr. Growth %	46	132.68	4.28	-34.21	34.55
Accounts Receivable, 1 Yr. Growth %	-19.27	5.01	11.2	-42	-22.83
Inventory, 1 Yr. Growth %	-35.71	-14.73	-49.85	261.24	-55.79
Net Property, Plant and Equip., 1 Yr. Growth %	0.49	5.98	6.26	-2.61	5.34
Total Assets, 1 Yr. Growth %	3.07	4.48	2.83	-1.02	2.12
Tangible Book Value, 1 Yr. Growth %	0.7	8.69	3.71	-2.95	3.76
Common Equity, 1 Yr. Growth %	2.44	5.67	1.15	-0.79	1.46
Cash From Operations, 1 Yr. Growth %	96.92	24.22	-31	-31.96	60.07
Capital Expenditures, 1 Yr. Growth %	120.38	196.86	26.48	-44.31	8.53
Levered Free Cash Flow, 1 Yr. Growth %	388.26	100	-35.76	-89.28	1.24K
Unlevered Free Cash Flow, 1 Yr. Growth %	365.57	100.06	-35.64	-88.94	1.21K
Dividend Per Share, 1 Yr. Growth %	-	-	0	-21.4	18.34
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.41	0.39	20.81	-2.31	2.21
Gross Profit, 2 Yr. CAGR %	5.76	16.79	12.63	1.71	0.31
EBITDA, 2 Yr. CAGR %	26.54	57.91	50.97	-9.89	-1.04
EBITA, 2 Yr. CAGR %	64.45	68.04	48.69	-21.86	-6.15
EBIT, 2 Yr. CAGR %	86.13	79.08	51.42	-25.39	-5.87
Earnings From Cont. Operations, 2 Yr. CAGR %	97.91	84.32	55.77	-17.17	-5.91
Net Income, 2 Yr. CAGR %	97.91	84.32	55.77	-17.17	-5.91
Normalized Net Income, 2 Yr. CAGR %	45.97	80.62	54.56	-17.26	-6.03
Diluted EPS Before Extra, 2 Yr. CAGR %	97.94	84.32	55.77	-17.17	-5.91
Accounts Receivable, 2 Yr. CAGR %	13.53	-7.93	8.06	-19.69	-33.1
Inventory, 2 Yr. CAGR %	-36.73	-25.96	-34.61	34.6	26.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.13	3.2	6.12	1.73	1.29
Total Assets, 2 Yr. CAGR %	4.8	3.77	3.65	0.89	0.54
Tangible Book Value, 2 Yr. CAGR %	0.38	4.62	6.17	0.32	0.35
Common Equity, 2 Yr. CAGR %	1.58	4.04	3.39	0.18	0.33
Cash From Operations, 2 Yr. CAGR %	10.72	56.4	-7.42	-31.48	4.36
Capital Expenditures, 2 Yr. CAGR %	22.94	155.77	93.77	-16.08	-22.26
Levered Free Cash Flow, 2 Yr. CAGR %	11.39	212.49	13.35	-73.75	19.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.01	205.19	13.47	-73.32	20.24
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-11.34	-3.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.63	11.25	3.19	8.51	4.43
Gross Profit, 3 Yr. CAGR %	7.62	9.15	14.17	6.35	3.16
EBITDA, 3 Yr. CAGR %	7.4	50.36	38.85	19.91	1.68
EBITA, 3 Yr. CAGR %	23.47	81.53	41.33	10.53	-4.15
EBIT, 3 Yr. CAGR %	23.44	100.15	47.01	8.81	-4.25
Earnings From Cont. Operations, 3 Yr. CAGR %	15.22	108.88	52.44	16.87	-2.63
Net Income, 3 Yr. CAGR %	15.22	108.88	52.44	16.87	-2.63
Normalized Net Income, 3 Yr. CAGR %	14.97	69.72	50.32	16.25	-2.76
Diluted EPS Before Extra, 3 Yr. CAGR %	15.22	108.9	52.44	16.87	-2.63
Accounts Receivable, 3 Yr. CAGR %	14	10.62	-1.95	-12.18	-20.75
Inventory, 3 Yr. CAGR %	-33.5	-30.11	-34.98	15.6	-7.13
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.73	1.19	4.21	3.13	2.92
Total Assets, 3 Yr. CAGR %	3.47	4.69	3.46	2.07	1.3
Tangible Book Value, 3 Yr. CAGR %	-1.04	3.08	4.31	3.04	1.46
Common Equity, 3 Yr. CAGR %	1.27	2.93	3.07	1.98	0.6
Cash From Operations, 3 Yr. CAGR %	62.1	15.05	19.06	-16.45	-9.08
Capital Expenditures, 3 Yr. CAGR %	12.75	64.93	102.26	27.87	-8.57
Levered Free Cash Flow, 3 Yr. CAGR %	-22.27	35.39	84.43	-48.35	-2.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-22.29	35.9	81.65	-47.77	-2.37
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-2.38
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1	6.92	12.72	5.61	2.8
Gross Profit, 5 Yr. CAGR %	1.32	7.83	9.6	6.11	8.41
EBITDA, 5 Yr. CAGR %	-5.57	24.25	23.07	22.52	21.26
EBITA, 5 Yr. CAGR %	2.51	45.05	33	29.57	19.98
EBIT, 5 Yr. CAGR %	0.13	43.68	33.95	34.88	23
Earnings From Cont. Operations, 5 Yr. CAGR %	-1.68	41.22	29.99	44.28	25.68
Net Income, 5 Yr. CAGR %	22.97	41.22	29.99	44.28	25.68
Normalized Net Income, 5 Yr. CAGR %	0.3	40.29	29.42	27.33	24.57
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.68	41.22	29.99	44.29	25.68
Accounts Receivable, 5 Yr. CAGR %	-11.42	1.94	11.58	-2.68	-15.85
Inventory, 5 Yr. CAGR %	-27.14	-29.59	-33.94	-9.17	-15.18
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.43	-0.58	1.34	1.4	3.03
Total Assets, 5 Yr. CAGR %	2.35	3	3.54	3.15	2.28
Tangible Book Value, 5 Yr. CAGR %	0.32	1.49	1.78	1.97	2.71
Common Equity, 5 Yr. CAGR %	1.2	2.12	2.11	1.82	1.96
Cash From Operations, 5 Yr. CAGR %	5.86	-10.58	29.56	-6.49	12.95
Capital Expenditures, 5 Yr. CAGR %	-2.45	15.91	40.02	25.88	37.98
Levered Free Cash Flow, 5 Yr. CAGR %	-14.38	-20.07	-9.61	-29.76	55.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.38	-20.03	-9.58	-29.13	54.02