Income Statement City Steel

Stocks

CITY

TH0898010002

Iron & Steel

End-of-day quote Thailand S.E. 2026-08-28			5-day change	1st Jan Change
1.300 ^THB	-4.41%		-1.52%	-17.72%

06-12	City Steel Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended April 30, 2026	CI
06-11	City Steel Public Company Limited Announces Board Changes, Effective June 11, 2026	CI

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Published financial data: CITY STEEL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	191M	121M	96.18M	47.15M	61.67M
Interest And Invest. Income (Rev)	-	-	-	-	7.9M
Other Revenues, Total	11.52M	11.18M	8.19M	18.3M	19.06K
Total Revenues	203M	132M	104M	65.45M	69.59M
Cost of Goods Sold, Total	164M	86.89M	80.34M	51.61M	66.26M
Gross Profit	39.07M	45.16M	24.03M	13.84M	3.32M
Selling General & Admin Expenses, Total	52.1M	48.26M	53.65M	37.66M	41.89M
Other Operating Expenses	-	-	-	-	-6.94M
Other Operating Expenses, Total	52.1M	48.26M	53.65M	37.66M	34.95M
Operating Income	-13.02M	-3.11M	-29.62M	-23.82M	-31.62M
Interest Expense, Total	-87.74K	-69.75K	-51.03K	-31.55K	-11.28K
Net Interest Expenses	-87.74K	-69.75K	-51.03K	-31.55K	-11.28K
Other Non Operating Income (Expenses)	-	-	-	-	1.68M
EBT, Excl. Unusual Items	-13.11M	-3.18M	-29.67M	-23.85M	-29.95M
EBT, Incl. Unusual Items	-13.11M	-3.18M	-29.67M	-23.85M	-29.95M
Income Tax Expense	-1M	680K	692K	-2.13M	950K
Earnings From Continuing Operations	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Net Income to Company	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Net Income - (IS)	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Net Income to Common Incl Extra Items	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Net Income to Common Excl. Extra Items	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Per Share Items
Net EPS - Basic	-0.04	-0.01	-0.1	-0.07	-0.1
Basic EPS - Continuing Operations	-0.04	-0.01	-0.1	-0.07	-0.1
Basic Weighted Average Shares Outstanding	300M	300M	300M	300M	300M
Net EPS - Diluted	-0.04	-0.01	-0.1	-0.07	-0.1
Diluted EPS - Continuing Operations	-0.04	-0.01	-0.1	-0.07	-0.1
Diluted Weighted Average Shares Outstanding	300M	300M	300M	300M	300M
Normalized Basic EPS	-0.03	-0.01	-0.06	-0.05	-0.06
Normalized Diluted EPS	-0.03	-0.01	-0.06	-0.05	-0.06
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	20.53M	19.93M	-11.62M	-8.82M	-17.31M
EBITA	-13.02M	-3.11M	-29.62M	-23.82M	-31.62M
EBIT	-13.02M	-3.11M	-29.62M	-23.82M	-31.62M
EBITDAR	-	-	-	-7.87M	-16.56M
Total Revenues (As Reported)	203M	132M	104M	65.45M	69.59M
Effective Tax Rate - (Ratio)	7.63	-21.42	-2.33	8.95	-3.17
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	156K	364K	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-1.16M	316K	692K	-2.13M	950K
Normalized Net Income	-8.2M	-1.98M	-18.54M	-14.91M	-18.72M
Interest on Long-Term Debt	87.74K	69.75K	51.03K	31.55K	11.28K
Non-Cash Pension Expense	115K	113K	218K	212K	218K
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.62M	6.17M	5.49M	2.23M	1.52M
General and Administrative Expenses	48.37M	41.98M	47.94M	35.22M	40.15M
Net Rental Expense, Total	-	-	-	955K	753K
Imputed Operating Lease Interest Expense	-	-	-	312K	-
Imputed Operating Lease Depreciation	-	-	-	643K	-

Fiscal Period: July	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	767M	837M	659M	651M	620M
Short Term Investments	146M	170M	278M	45.32M	38.79M
Trading Asset Securities, Total	65.49M	35.31M	71.88M	315M	322M
Total Cash And Short Term Investments	979M	1.04B	1.01B	1.01B	980M
Accounts Receivable, Total	24.2M	9.2M	10.31M	9.86M	9.25M
Other Receivables	1.42M	914K	1.04M	359K	323K
Total Receivables	25.62M	10.11M	11.35M	10.22M	9.57M
Inventory	5.19M	3.48M	2.15M	1.59M	2.37M
Prepaid Expenses	246K	190K	209K	234K	240K
Other Current Assets, Total	494K	302K	564K	240K	335K
Total Current Assets	1.01B	1.06B	1.02B	1.02B	993M
Gross Property Plant And Equipment	925M	921M	928M	930M	928M
Accumulated Depreciation	-695M	-716M	-733M	-750M	-766M
Net Property Plant And Equipment	229M	206M	195M	179M	162M
Other Intangibles, Total	222	222	222	222	222
Deferred Tax Assets Long-Term	3.8M	3.48M	2.74M	4.88M	3.93M
Other Long-Term Assets, Total	92.33M	89.5M	89.5M	89.5M	89.5M
Total Assets	1.34B	1.36B	1.31B	1.3B	1.25B
Liabilities
Accounts Payable, Total	5.85M	5.94M	2.81M	1.81M	2.49M
Accrued Expenses, Total	48.44K	27.25K	37.44K	25.11K	24.16K
Current Portion of Leases	35.04K	482K	501K	522K	-
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	5.93M	6.45M	3.35M	2.36M	2.52M
Long-Term Leases	114K	1.02M	522K	-	-
Pension & Other Post Retirement Benefits	7.9M	8.39M	8.73M	9.29M	9.85M
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	13.94M	15.86M	12.61M	11.65M	12.37M
Common Stock, Total	300M	300M	300M	300M	300M
Additional Paid In Capital	166M	166M	166M	166M	166M
Retained Earnings	881M	877M	847M	825M	795M
Comprehensive Income and Other	-25.77M	-4.36M	-15.81M	-6.45M	-25.28M
Total Common Equity	1.32B	1.34B	1.3B	1.29B	1.24B
Total Equity	1.32B	1.34B	1.3B	1.29B	1.24B
Total Liabilities And Equity	1.34B	1.36B	1.31B	1.3B	1.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	300M	300M	300M	300M	300M
ECS Total Common Shares Outstanding	300M	300M	300M	300M	300M
Book Value / Share	4.41	4.46	4.33	4.28	4.12
Tangible Book Value	1.32B	1.34B	1.3B	1.29B	1.24B
Tangible Book Value Per Share	4.41	4.46	4.33	4.28	4.12
Total Debt	149K	1.5M	1.02M	522K	0
Net Debt	-978M	-1.04B	-1.01B	-1.01B	-980M
Debt Equivalent of Unfunded Proj. Benefit Obligation	7.9M	8.39M	8.73M	9.29M	9.85M
Debt Equivalent Oper. Leases	-	-	-	7.64M	6.02M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	5.19M	2.07M	2.15M	1.59M	2.37M
Inventories - Finished Goods, Total	-	1.41M	-	-	-
Land - (BS)	58.86M	58.86M	58.86M	58.86M	58.86M
Buildings, Total	237M	237M	237M	237M	237M
Machinery, Total	602M	597M	602M	602M	602M

Fiscal Period: July	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	-12.11M	-3.86M	-30.36M	-21.72M	-30.9M
Depreciation & Amortization - CF	35.33M	24.83M	19.85M	17M	16.14M
Depreciation & Amortization, Total	35.33M	24.83M	19.85M	17M	16.14M
(Gain) Loss From Sale Of Asset	-867K	-550K	-138K	-	-
(Gain) Loss on Sale of Investments - (CF)	-649K	-94.15K	-573K	-4.98M	-6.94M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	-3.83M	-1.74M	-6.12M	-12.35M	-7.22M
Change In Accounts Receivable	1.61M	16.42M	-1.08M	399K	572K
Change In Inventories	-2.89M	1.71M	1.33M	566K	-777K
Change In Accounts Payable	-446K	69.31K	-3.12M	-1.01M	682K
Change in Other Net Operating Assets	-816K	600K	-	-	-
Cash from Operations	15.32M	37.38M	-20.21M	-22.09M	-28.44M
Capital Expenditure	-	-	-7.55M	-	-573K
Sale of Property, Plant, and Equipment	867K	1.13M	738K	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-64.84M	5.89M	-144M	-5.44M	5.61M
Other Investing Activities, Total	4.09M	4.19M	7M	11.83M	9.64M
Cash from Investing	-59.88M	11.21M	-143M	6.4M	14.68M
Long-Term Debt Repaid, Total	-445K	-463K	-482K	-501K	-522K
Total Debt Repaid	-445K	-463K	-482K	-501K	-522K
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-87.74K	-69.75K	-51.03K	-31.55K	-11.28K
Cash from Financing	-533K	-533K	-533K	-533K	-533K
Foreign Exchange Rate Adjustments	7.08M	21.41M	-13.88M	8.26M	-16.8M
Net Change in Cash	-38.01M	69.47M	-178M	-7.97M	-31.09M
Supplemental Items
Cash Interest Paid	87.74K	69.75K	51.03K	31.55K	11.28K
Cash Income Tax Paid (Refund)	588K	629K	522K	214K	295K
Levered Free Cash Flow	26.15M	40.38M	-9.56M	3.07M	-3.75M
Unlevered Free Cash Flow	26.21M	40.43M	-9.52M	3.09M	-3.74M
Change In Net Working Capital	979K	-17.54M	3.31M	-977K	-458K
Net Debt Issued / Repaid	-445K	-463K	-482K	-501K	-522K

Fiscal Period: July	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-0.61	-0.14	-1.39	-1.14	-1.55
Return on Total Capital	-0.62	-0.15	-1.4	-1.15	-1.57
Return On Equity %	-0.92	-0.29	-2.3	-1.68	-2.45
Return on Common Equity	-0.92	-0.29	-2.3	-1.68	-2.45
Margin Analysis
Gross Profit Margin %	19.25	34.2	23.02	21.14	4.78
SG&A Margin	25.66	36.55	51.4	57.53	60.19
EBITDA Margin %	10.11	15.1	-11.14	-13.48	-24.88
EBITA Margin %	-6.42	-2.35	-28.38	-36.39	-45.44
EBIT Margin %	-6.42	-2.35	-28.38	-36.39	-45.44
Income From Continuing Operations Margin %	-5.97	-2.92	-29.09	-33.18	-44.41
Net Income Margin %	-5.97	-2.92	-29.09	-33.18	-44.41
Net Avail. For Common Margin %	-5.97	-2.92	-29.09	-33.18	-44.41
Normalized Net Income Margin	-4.04	-1.5	-17.77	-22.77	-26.9
Levered Free Cash Flow Margin	12.88	30.58	-9.16	4.69	-5.38
Unlevered Free Cash Flow Margin	12.91	30.62	-9.13	4.72	-5.37
Asset Turnover
Asset Turnover	0.15	0.1	0.08	0.05	0.05
Fixed Assets Turnover	0.82	0.61	0.52	0.35	0.41
Receivables Turnover (Average Receivables)	7.8	7.24	9.86	4.67	6.45
Inventory Turnover (Average Inventory)	43.8	20.05	28.52	27.59	33.52
Short Term Liquidity
Current Ratio	170.34	163.87	305.25	434.21	394.42
Quick Ratio	169.34	163.26	304.38	433.34	393.25
Operating Cash Flow to Current Liabilities	2.58	5.8	-6.03	-9.38	-11.3
Days Sales Outstanding (Average Receivables)	46.79	50.42	37.01	78.3	56.55
Days Outstanding Inventory (Average Inventory)	8.33	18.21	12.8	13.27	10.89
Average Days Payable Outstanding	13.26	25.25	20.21	16.57	11.71
Cash Conversion Cycle (Average Days)	41.87	43.38	29.6	75	55.73
Long Term Solvency
Total Debt/Equity	0.01	0.11	0.08	0.04	-
Total Debt / Total Capital	0.01	0.11	0.08	0.04	-
LT Debt/Equity	0.01	0.08	0.04	-	-
Long-Term Debt / Total Capital	0.01	0.08	0.04	-	-
Total Liabilities / Total Assets	1.04	1.17	0.96	0.9	0.99
EBIT / Interest Expense	-148.45	-44.53	-580.47	-754.96	-2.8K
EBITDA / Interest Expense	254.17	311.42	-191.42	-216.04	-1.37K
(EBITDA - Capex) / Interest Expense	254.17	311.42	-339.44	-216.04	-1.42K
Total Debt / EBITDA	0.01	0.07	-0.1	-0.08	-
Net Debt / EBITDA	-43.87	-47.92	103.14	148.24	63.31
Total Debt / (EBITDA - Capex)	0.01	0.07	-0.06	-0.08	-
Net Debt / (EBITDA - Capex)	-43.87	-47.92	58.16	148.24	61.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-26.93	-34.96	-20.96	-37.29	19.13
Gross Profit, 1 Yr. Growth %	-26.41	15.57	-46.78	-42.41	-51.08
EBITDA, 1 Yr. Growth %	-45.32	-2.91	-158.3	-24.08	66.51
EBITA, 1 Yr. Growth %	183.25	-76.15	853.69	-19.59	22.17
EBIT, 1 Yr. Growth %	183.25	-76.15	853.69	-19.59	22.17
Earnings From Cont. Operations, 1 Yr. Growth %	200.59	-68.17	687.47	-28.48	42.3
Net Income, 1 Yr. Growth %	200.59	-68.17	687.47	-28.48	42.3
Normalized Net Income, 1 Yr. Growth %	185.16	-75.78	834.35	-19.62	25.59
Diluted EPS Before Extra, 1 Yr. Growth %	200.6	-68.17	687.49	-28.48	42.3
Accounts Receivable, 1 Yr. Growth %	-2.81	-62	12.14	-4.33	-6.28
Inventory, 1 Yr. Growth %	125.93	-32.95	-38.1	-26.26	48.92
Net Property, Plant and Equip., 1 Yr. Growth %	-13.15	-10.29	-5.09	-8.15	-9.82
Total Assets, 1 Yr. Growth %	-0.41	1.46	-3.31	-1.02	-3.78
Tangible Book Value, 1 Yr. Growth %	-0.24	1.33	-3.11	-0.95	-3.87
Common Equity, 1 Yr. Growth %	-0.24	1.33	-3.11	-0.95	-3.87
Cash From Operations, 1 Yr. Growth %	-68.42	143.97	-154.06	9.31	31.07
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-56.84	54.42	-123.66	-132.16	-310.22
Unlevered Free Cash Flow, 1 Yr. Growth %	-56.75	54.26	-123.56	-132.47	-307.53
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-28.22	-31.06	-28.3	-29.59	-18.35
Gross Profit, 2 Yr. CAGR %	-32.52	-7.78	-21.58	-44.64	-62.81
EBITDA, 2 Yr. CAGR %	-43.34	-27.14	-24.76	-33.47	22.05
EBITA, 2 Yr. CAGR %	-1	-17.82	50.8	176.92	3.32
EBIT, 2 Yr. CAGR %	-1	-17.82	50.8	176.92	3.32
Earnings From Cont. Operations, 2 Yr. CAGR %	10.63	-2.18	58.33	137.32	0.88
Net Income, 2 Yr. CAGR %	10.63	-2.18	58.33	137.32	0.88
Normalized Net Income, 2 Yr. CAGR %	-0.67	-16.9	50.43	174.05	0.47
Diluted EPS Before Extra, 2 Yr. CAGR %	10.63	-2.18	58.33	137.32	0.88
Accounts Receivable, 2 Yr. CAGR %	-38.22	-39.23	-34.72	3.58	-5.31
Inventory, 2 Yr. CAGR %	59.45	23.08	-35.58	-32.44	4.79
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.47	-11.73	-7.73	-6.63	-8.99
Total Assets, 2 Yr. CAGR %	-0.83	0.52	-0.96	-2.17	-2.41
Tangible Book Value, 2 Yr. CAGR %	-0.23	0.54	-0.91	-2.04	-2.42
Common Equity, 2 Yr. CAGR %	-0.23	0.54	-0.91	-2.04	-2.42
Cash From Operations, 2 Yr. CAGR %	-49.16	-12.23	14.85	-23.12	18.64
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-72.45
Levered Free Cash Flow, 2 Yr. CAGR %	-34.99	-18.37	-39.55	-72.41	-37.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	-34.92	-18.32	-39.72	-72.34	-37.34
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-19.95	-30.54	-27.85	-31.43	-19.23
Gross Profit, 3 Yr. CAGR %	-25.49	-19.27	-23.22	-29.25	-58.09
EBITDA, 3 Yr. CAGR %	-37.72	-32.2	-32.35	-24.54	-4.59
EBITA, 3 Yr. CAGR %	-24.54	-38.4	86.06	22.29	116.74
EBIT, 3 Yr. CAGR %	-24.54	-38.4	86.06	22.29	116.74
Earnings From Cont. Operations, 3 Yr. CAGR %	-26.19	-26.96	96.05	21.48	100.12
Net Income, 3 Yr. CAGR %	-26.19	-26.96	96.05	21.48	100.12
Normalized Net Income, 3 Yr. CAGR %	-24.37	-37.95	86.17	22.07	111.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.19	-26.96	96.05	21.48	100.12
Accounts Receivable, 3 Yr. CAGR %	-29.89	-47.46	-25.46	-25.85	0.18
Inventory, 3 Yr. CAGR %	41.06	19.46	-2.12	-32.61	-12.08
Net Property, Plant and Equip., 3 Yr. CAGR %	-11.1	-9.74	-9.57	-7.87	-7.71
Total Assets, 3 Yr. CAGR %	-0.84	-0.07	-0.77	-0.98	-2.71
Tangible Book Value, 3 Yr. CAGR %	-0.53	0.29	-0.69	-0.93	-2.65
Common Equity, 3 Yr. CAGR %	-0.53	0.29	-0.69	-0.93	-2.65
Cash From Operations, 3 Yr. CAGR %	-39.47	-14.25	-25.32	12.97	-8.7
Capital Expenditures, 3 Yr. CAGR %	-	-	95.97	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-23.64	-13.26	-45.97	-51.02	-54.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	-23.59	-13.23	-46.03	-50.95	-54.77
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-17.33	-19.44	-23.4	-30.16	-24.19
Gross Profit, 5 Yr. CAGR %	-22.76	-18.02	-23.95	-30.58	-42.54
EBITDA, 5 Yr. CAGR %	-31.04	-29.48	-32.83	-32.71	-14.34
EBITA, 5 Yr. CAGR %	-28.22	-44.26	-0.46	12.38	47.05
EBIT, 5 Yr. CAGR %	-28.22	-44.26	-0.46	12.38	47.05
Earnings From Cont. Operations, 5 Yr. CAGR %	-29.14	-41.6	0.16	17.02	50.29
Net Income, 5 Yr. CAGR %	-29.14	-41.6	0.16	17.02	50.29
Normalized Net Income, 5 Yr. CAGR %	-28.12	-44.01	-0.43	12.41	45.47
Diluted EPS Before Extra, 5 Yr. CAGR %	-29.14	-41.6	0.16	17.02	50.3
Accounts Receivable, 5 Yr. CAGR %	-15.61	-29.17	-31.87	-31.07	-17.97
Inventory, 5 Yr. CAGR %	-4.9	-2.78	3.1	-4.89	0.59
Net Property, Plant and Equip., 5 Yr. CAGR %	-12	-11.51	-9.76	-8.51	-9.34
Total Assets, 5 Yr. CAGR %	0.13	0.09	-0.89	-0.92	-1.43
Tangible Book Value, 5 Yr. CAGR %	0.14	0.02	-0.68	-0.65	-1.39
Common Equity, 5 Yr. CAGR %	0.14	0.02	-0.68	-0.65	-1.39
Cash From Operations, 5 Yr. CAGR %	-33.68	-19.51	-21.79	-17.92	-10.13
Capital Expenditures, 5 Yr. CAGR %	-	-	-2.15	-	-10.6
Levered Free Cash Flow, 5 Yr. CAGR %	-20.97	-16.2	-30.45	-45.15	-42.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-20.94	-16.19	-30.5	-45.08	-42.71
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-