Income Statement Jasmine Telecom Systems Thailand S.E.

Stocks

JTS-R

TH0921010R15

Integrated Telecommunications Services

End-of-day quote Thailand S.E. 2026-09-04			5-day change	1st Jan Change
24.60 ^THB	-0.81%		-14.43%	-61.71%

08-14	Jasmine Technology Solution Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-08	Jasmine Technology Solution Public Company Limited Defaults on Callable and Secured Debentures JTS254A, Principal Amount THB 207,256,000	CI

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Published financial data: JASMINE TELECOM SYSTEMS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.84B	2.26B	2.36B	2.48B	2.41B
Other Revenues, Total	6.41M	8.16M	4.62M	342M	95.24M
Total Revenues	1.85B	2.27B	2.36B	2.82B	2.5B
Cost of Goods Sold, Total	1.41B	1.87B	1.85B	1.72B	1.97B
Gross Profit	443M	407M	517M	1.09B	528M
Selling General & Admin Expenses, Total	157M	207M	215M	244M	319M
Provision for Bad Debts	-	-	6.92M	10.78M	-15.14M
Other Operating Expenses	-	-	-57.54M	-	6.57M
Other Operating Expenses, Total	157M	207M	165M	255M	310M
Operating Income	286M	201M	352M	839M	217M
Interest Expense, Total	-8.13M	-97.89M	-100M	-82.39M	-74.2M
Interest And Investment Income	26.24M	5.59M	6.36M	11.83M	3.29M
Net Interest Expenses	18.11M	-92.3M	-93.69M	-70.56M	-70.91M
Currency Exchange Gains (Loss)	27.57M	30.69M	4.91M	-3.54M	20.21M
EBT, Excl. Unusual Items	332M	139M	263M	765M	167M
Asset Writedown	-	-285M	-204M	-43.76M	-75.37M
Other Unusual Items	-52.56M	-	-	-	-
EBT, Incl. Unusual Items	279M	-146M	59.61M	722M	91.32M
Income Tax Expense	58M	-40.51M	53.52M	127M	83.86M
Earnings From Continuing Operations	221M	-105M	6.09M	594M	7.46M
Net Income to Company	221M	-105M	6.09M	594M	7.46M
Minority Interest	-267K	-	-373K	-323K	-352K
Net Income - (IS)	221M	-105M	5.71M	594M	7.11M
Net Income to Common Incl Extra Items	221M	-105M	5.71M	594M	7.11M
Net Income to Common Excl. Extra Items	221M	-105M	5.71M	594M	7.11M
Per Share Items
Net EPS - Basic	0.31	-0.15	0.01	0.84	0.01
Basic EPS - Continuing Operations	0.31	-0.15	0.01	0.84	0.01
Basic Weighted Average Shares Outstanding	706M	706M	706M	706M	706M
Net EPS - Diluted	0.31	-0.15	0.01	0.84	0.01
Diluted EPS - Continuing Operations	0.31	-0.15	0.01	0.84	0.01
Diluted Weighted Average Shares Outstanding	706M	706M	706M	706M	706M
Normalized Basic EPS	0.29	0.12	0.23	0.68	0.15
Normalized Diluted EPS	0.29	0.12	0.23	0.68	0.15
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	421M	437M	600M	1.09B	547M
EBITA	286M	201M	352M	839M	217M
EBIT	286M	201M	352M	839M	217M
EBITDAR	1.47B	1.57B	1.8B	2.17B	1.75B
Total Revenues (As Reported)	1.88B	2.3B	2.37B	2.82B	2.52B
Effective Tax Rate - (Ratio)	20.77	27.79	89.79	17.64	91.83
Total Current Taxes	-	44.77M	4.1M	85.09M	90.25M
Total Deferred Taxes	-	-85.28M	49.42M	42.23M	-6.39M
Normalized Net Income	207M	87.02M	164M	478M	104M
Interest on Long-Term Debt	6.39M	48.03M	76.72M	72.8M	71.92M
Non-Cash Pension Expense	745K	765K	1.69M	4.94M	1.27M
Supplemental Operating Expense Items
Selling and Marketing Expenses	44.34M	52.89M	84.86M	66.62M	61.49M
General and Administrative Expenses	113M	154M	131M	178M	258M
Net Rental Expense, Total	1.05B	1.13B	1.2B	1.08B	1.21B
Imputed Operating Lease Interest Expense	217M	1.35B	903M	559M	635M
Imputed Operating Lease Depreciation	834M	-225M	297M	525M	572M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	176M	248M	351M	768M	226M
Short Term Investments	3.12M	842K	715K	3.81M	3.74M
Total Cash And Short Term Investments	179M	249M	352M	772M	230M
Accounts Receivable, Total	463M	613M	402M	352M	247M
Other Receivables	20.4M	29.43M	47.38M	178M	121M
Notes Receivable	-	-	-	-	-
Total Receivables	483M	642M	449M	530M	369M
Inventory	2.4M	5.51M	1.81M	1.74M	15.88M
Prepaid Expenses	24.69M	34.54M	27.05M	46.78M	24.23M
Other Current Assets, Total	72.11M	77.73M	75.71M	14.16M	20.81M
Total Current Assets	762M	1.01B	906M	1.36B	660M
Gross Property Plant And Equipment	2.05B	2.65B	2.72B	3.16B	3.38B
Accumulated Depreciation	-1.46B	-1.65B	-1.7B	-1.93B	-2.15B
Net Property Plant And Equipment	589M	1B	1.02B	1.23B	1.23B
Other Intangibles, Total	-	-	-	427M	607M
Accounts Receivable Long-Term	11.56M	43.3M	13.04M	-	-
Deferred Tax Assets Long-Term	9.46M	94.74M	45.32M	3.1M	9.49M
Other Long-Term Assets, Total	192M	275M	328M	364M	146M
Total Assets	1.56B	2.42B	2.31B	3.39B	2.65B
Liabilities
Accounts Payable, Total	275M	228M	232M	273M	162M
Accrued Expenses, Total	-	210M	-	57.56M	17.02M
Short-term Borrowings	133M	-	76.2M	394M	427K
Current Portion of Long-Term Debt	-	-	-	739M	318M
Current Portion of Leases	48.71M	80.27M	108M	173M	172M
Current Income Taxes Payable	24.26M	4.6M	1.12M	33.74M	13.21M
Unearned Revenue Current, Total	35.04M	41.65M	43.82M	31.33M	22.09M
Other Current Liabilities	198M	272M	347M	330M	658M
Total Current Liabilities	714M	836M	808M	2.03B	1.36B
Long-Term Debt	-	729M	734M	-	209M
Long-Term Leases	103M	212M	189M	143M	108M
Unearned Revenue Non Current	1.52M	1.96M	4.26M	42.45M	36.93M
Pension & Other Post Retirement Benefits	74.54M	84.24M	46.5M	65.72M	71.53M
Total Liabilities	893M	1.86B	1.78B	2.28B	1.79B
Common Stock, Total	706M	706M	706M	706M	706M
Additional Paid In Capital	420M	420M	420M	420M	420M
Retained Earnings	96.88M	-14.4M	-44.05M	533M	541M
Treasury Stock	-	-	-	-	-250M
Comprehensive Income and Other	-547M	-547M	-547M	-547M	-547M
Total Common Equity	677M	565M	536M	1.11B	870M
Minority Interest	-5.64M	-5.27M	-4.9M	-4.57M	-4.22M
Total Equity	671M	560M	531M	1.11B	866M
Total Liabilities And Equity	1.56B	2.42B	2.31B	3.39B	2.65B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	706M	706M	706M	706M	699M
ECS Total Common Shares Outstanding	706M	706M	706M	706M	699M
Book Value / Share	0.96	0.8	0.76	1.58	1.25
Tangible Book Value	677M	565M	536M	686M	263M
Tangible Book Value Per Share	0.96	0.8	0.76	0.97	0.38
Total Debt	285M	1.02B	1.11B	1.45B	808M
Net Debt	105M	772M	755M	677M	578M
Debt Equivalent of Unfunded Proj. Benefit Obligation	74.54M	84.24M	46.5M	65.72M	71.53M
Debt Equivalent Oper. Leases	8.41B	9.02B	9.6B	8.67B	9.65B
Minority Interest, Total (Incl. Fin. Div)	-5.64M	-5.27M	-4.9M	-4.57M	-4.22M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	2.88M	5.99M	2.5M	2.43M	16.57M
Land - (BS)	327M	352M	411M	519M	516M
Buildings, Total	-	-	-	-	-
Machinery, Total	1.55B	2.02B	2.02B	2.15B	2.55B
Accumulated Allowance for Doubtful Accounts (Supple)	213M	200M	207M	218M	202M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	221M	-105M	5.71M	594M	7.11M
Depreciation & Amortization - CF	271M	332M	348M	341M	436M
Depreciation & Amortization, Total	271M	332M	348M	341M	436M
Amortization of Deferred Charges, Total - (CF)	-	3.35M	4.84M	5.21M	3.51M
(Gain) Loss From Sale Of Asset	252K	-3.8M	-298K	-396K	-4.02M
Asset Writedown & Restructuring Costs	-	362M	204M	43.1M	56.18M
Provision and Write-off of Bad Debts	1.67M	-12.93M	6.92M	10.78M	-15.14M
Other Operating Activities, Total	49.95M	40.47M	-75.16M	-454M	-112M
Change In Accounts Receivable	174M	-96.12M	193M	24.02M	164M
Change In Inventories	689K	-3.1M	3.49M	63.83K	-14.14M
Change In Accounts Payable	-250M	229M	-150M	97.1M	-134M
Change in Unearned Revenues	-24.19M	7.05M	4.47M	32.83M	-14.77M
Change in Other Net Operating Assets	-17.65M	-165M	-41.86M	-88.17M	-27.76M
Cash from Operations	428M	587M	503M	606M	346M
Capital Expenditure	-308M	-902M	-328M	-422M	-288M
Sale of Property, Plant, and Equipment	429K	840K	298K	652K	16.52M
Cash Acquisitions	-2.8M	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-424M	-7.28M
Investment in Marketable and Equity Securities, Total	139K	2.28M	127K	-8.58M	74.4K
Other Investing Activities, Total	16.19M	19.73M	46.88M	537M	444M
Cash from Investing	-294M	-879M	-280M	-317M	166M
Short Term Debt Issued, Total	77.3M	-	76.2M	370M	-
Long-Term Debt Issued, Total	56M	884M	-	-	213M
Total Debt Issued	133M	884M	76.2M	370M	213M
Short Term Debt Repaid, Total	-	-	-	-51.79M	-394M
Long-Term Debt Repaid, Total	-327M	-411M	-101M	-112M	-538M
Total Debt Repaid	-327M	-411M	-101M	-164M	-932M
Repurchase of Common Stock	-	-	-	-	-250M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-8.13M	-109M	-95.21M	-77.18M	-83.97M
Cash from Financing	-202M	364M	-120M	129M	-1.05B
Net Change in Cash	-68.77M	71.99M	103M	417M	-542M
Supplemental Items
Cash Interest Paid	8.13M	94.54M	95.21M	77.18M	77.7M
Cash Income Tax Paid (Refund)	48.06M	69.54M	45.42M	55.6M	112M
Levered Free Cash Flow	670M	-455M	257M	36.57M	544M
Unlevered Free Cash Flow	675M	-398M	314M	82.86M	587M
Change In Net Working Capital	-533M	-46.55M	-73.63M	-62.98M	-310M
Net Debt Issued / Repaid	-194M	473M	-24.32M	206M	-719M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	8.16	6.3	9.3	18.4	4.49
Return on Total Capital	12.33	9.9	13.67	25.01	6.42
Return On Equity %	19.5	-17.1	1.12	72.5	0.76
Return on Common Equity	19.37	-16.95	1.04	72.04	0.72
Margin Analysis
Gross Profit Margin %	23.95	17.92	21.86	38.84	21.11
SG&A Margin	8.48	9.09	9.11	8.67	12.76
EBITDA Margin %	22.75	19.24	25.37	38.6	21.87
EBITA Margin %	15.47	8.84	14.89	29.79	8.69
EBIT Margin %	15.47	8.84	14.89	29.79	8.69
Income From Continuing Operations Margin %	11.96	-4.63	0.26	21.09	0.3
Net Income Margin %	11.95	-4.63	0.24	21.08	0.28
Net Avail. For Common Margin %	11.95	-4.63	0.24	21.08	0.28
Normalized Net Income Margin	11.2	3.83	6.95	16.96	4.15
Levered Free Cash Flow Margin	36.2	-20.04	10.85	1.3	21.77
Unlevered Free Cash Flow Margin	36.48	-17.49	13.29	2.94	23.48
Asset Turnover
Asset Turnover	0.84	1.14	1	0.99	0.83
Fixed Assets Turnover	3.23	2.86	2.34	2.51	2.03
Receivables Turnover (Average Receivables)	2.55	4.21	4.65	6.56	8.02
Inventory Turnover (Average Inventory)	508.33	471.52	505.08	970.8	223.86
Short Term Liquidity
Current Ratio	1.07	1.21	1.12	0.67	0.48
Quick Ratio	0.93	1.07	0.99	0.64	0.44
Operating Cash Flow to Current Liabilities	0.6	0.7	0.62	0.3	0.25
Days Sales Outstanding (Average Receivables)	143	86.65	78.45	55.77	45.5
Days Outstanding Inventory (Average Inventory)	0.72	0.77	0.72	0.38	1.63
Average Days Payable Outstanding	86.43	42.7	45.48	53.57	34.98
Cash Conversion Cycle (Average Days)	57.29	44.73	33.69	2.58	12.16
Long Term Solvency
Total Debt/Equity	42.41	182.28	208.57	130.71	93.29
Total Debt / Total Capital	29.78	64.57	67.59	56.66	48.26
LT Debt/Equity	15.29	167.95	173.81	12.9	36.56
Long-Term Debt / Total Capital	10.73	59.5	56.33	5.59	18.92
Total Liabilities / Total Assets	57.09	76.89	77.05	67.31	67.38
EBIT / Interest Expense	35.21	2.05	3.52	10.19	2.93
EBITDA / Interest Expense	68.59	5.44	7	14.33	8.81
(EBITDA - Capex) / Interest Expense	30.65	-3.77	3.73	9.21	4.93
Total Debt / EBITDA	0.51	1.92	1.58	1.23	1.24
Net Debt / EBITDA	0.19	1.45	1.08	0.57	0.88
Total Debt / (EBITDA - Capex)	1.14	-2.77	2.97	1.91	2.21
Net Debt / (EBITDA - Capex)	0.42	-2.09	2.03	0.89	1.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.4	22.85	4.03	19.17	-11.27
Gross Profit, 1 Yr. Growth %	43.38	-8.06	26.92	111.69	-53.6
EBITDA, 1 Yr. Growth %	58.73	3.88	37.18	81.35	-51.65
EBITA, 1 Yr. Growth %	130.93	-29.82	75.35	138.36	-75.37
EBIT, 1 Yr. Growth %	130.93	-29.82	75.35	138.36	-75.37
Earnings From Cont. Operations, 1 Yr. Growth %	398.3	-138.44	-105.78	9.66K	-98.74
Net Income, 1 Yr. Growth %	400.49	-138.44	-105.41	10.3K	-98.8
Normalized Net Income, 1 Yr. Growth %	110.22	-58.05	89.56	191.03	-79.44
Diluted EPS Before Extra, 1 Yr. Growth %	400.49	-138.44	-105.41	10.3K	-98.8
Accounts Receivable, 1 Yr. Growth %	-52.86	32.32	-34.38	-12.31	-29.86
Inventory, 1 Yr. Growth %	-23.24	129.13	-67.19	-3.53	810.83
Net Property, Plant and Equip., 1 Yr. Growth %	5.57	70.12	1.84	21.11	0.04
Total Assets, 1 Yr. Growth %	-44.51	54.95	-4.57	46.64	-21.72
Tangible Book Value, 1 Yr. Growth %	-57.84	-16.45	-5.25	28.82	-61.6
Common Equity, 1 Yr. Growth %	-57.84	-16.45	-5.25	107.76	-21.82
Cash From Operations, 1 Yr. Growth %	-31.44	37.22	-14.3	20.4	-42.91
Capital Expenditures, 1 Yr. Growth %	190.1	192.49	-63.66	28.72	-31.82
Levered Free Cash Flow, 1 Yr. Growth %	25.15	-167.99	-156.34	-85.75	757.08
Unlevered Free Cash Flow, 1 Yr. Growth %	24.11	-158.91	-179.05	-73.64	434.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	311.6	17.51	13.05	11.35	2.83
Gross Profit, 2 Yr. CAGR %	207.79	14.81	8.02	63.92	1.04
EBITDA, 2 Yr. CAGR %	734.08	28.41	19.38	57.73	-4.52
EBITA, 2 Yr. CAGR %	1.3K	27.31	10.93	104.44	-21.43
EBIT, 2 Yr. CAGR %	1.3K	27.31	10.93	104.44	-21.43
Earnings From Cont. Operations, 2 Yr. CAGR %	483.29	53.96	-85.09	137.58	10.74
Net Income, 2 Yr. CAGR %	499.84	54.39	-85.56	137.09	11.57
Normalized Net Income, 2 Yr. CAGR %	478.93	-6.03	-11.01	134.88	-20.49
Diluted EPS Before Extra, 2 Yr. CAGR %	499.84	54.4	-85.56	137.09	11.57
Accounts Receivable, 2 Yr. CAGR %	-25.55	-21.02	-6.82	-24.14	-21.57
Inventory, 2 Yr. CAGR %	87.23	32.62	-13.3	-43.74	196.42
Net Property, Plant and Equip., 2 Yr. CAGR %	450.64	34.02	31.63	10.89	10.07
Total Assets, 2 Yr. CAGR %	10.78	-7.27	21.6	18.3	7.14
Tangible Book Value, 2 Yr. CAGR %	-16.69	-40.65	-11.03	10.15	-29.67
Common Equity, 2 Yr. CAGR %	-16.69	-40.65	-11.03	40.3	27.44
Cash From Operations, 2 Yr. CAGR %	724.74	-3.01	8.44	1.58	-17.09
Capital Expenditures, 2 Yr. CAGR %	435.26	191.29	3.1	-31.6	-6.32
Levered Free Cash Flow, 2 Yr. CAGR %	39.57	-7.76	-38.11	-71.66	45.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	40.1	-14.5	-31.76	-54.35	36.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	139.68	175.07	12.83	15.05	3.23
Gross Profit, 3 Yr. CAGR %	97.47	105.75	18.71	35.18	9.02
EBITDA, 3 Yr. CAGR %	195.37	316.54	31.27	37.23	7.74
EBITA, 3 Yr. CAGR %	191.25	415.93	41.64	43.15	2.67
EBIT, 3 Yr. CAGR %	191.25	415.93	41.64	43.15	2.67
Earnings From Cont. Operations, 3 Yr. CAGR %	142.18	152.95	-48.44	29.46	-58.61
Net Income, 3 Yr. CAGR %	144.36	157.82	-49.42	29.44	-59.32
Normalized Net Income, 3 Yr. CAGR %	158.13	141.47	18.57	32.09	6.22
Diluted EPS Before Extra, 3 Yr. CAGR %	144.37	157.82	-49.43	29.44	-59.32
Accounts Receivable, 3 Yr. CAGR %	-17.44	-9.82	-25.75	-8.68	-26.1
Inventory, 3 Yr. CAGR %	-9.28	100.27	-16.75	-10.16	42.32
Net Property, Plant and Equip., 3 Yr. CAGR %	292.79	272.25	22.3	27.89	7.15
Total Assets, 3 Yr. CAGR %	7.47	23.89	-6.38	29.43	3.08
Tangible Book Value, 3 Yr. CAGR %	-11.35	-16.61	-30.64	0.46	-22.48
Common Equity, 3 Yr. CAGR %	-11.35	-16.61	-30.64	18.04	15.45
Cash From Operations, 3 Yr. CAGR %	82.56	353.62	-6.93	12.29	-16.17
Capital Expenditures, 3 Yr. CAGR %	258.23	337.6	45.55	11.02	-31.68
Levered Free Cash Flow, 3 Yr. CAGR %	36.3	9.82	-21.73	-62.06	6.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	36.65	4.96	-16.7	-50.3	13.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	68.6	91.27	77.45	91.57	8.72
Gross Profit, 5 Yr. CAGR %	38.01	51.36	55.13	87.87	11.3
EBITDA, 5 Yr. CAGR %	58.59	108.16	105.58	182.46	15.57
EBITA, 5 Yr. CAGR %	38.79	103.99	97.96	256.27	11.9
EBIT, 5 Yr. CAGR %	38.79	103.99	97.96	256.27	11.9
Earnings From Cont. Operations, 5 Yr. CAGR %	30.8	51.41	-17.14	146.69	-30
Net Income, 5 Yr. CAGR %	30.93	53.09	-17.72	149.5	-30.6
Normalized Net Income, 5 Yr. CAGR %	42.09	55.57	68.63	138.6	1.05
Diluted EPS Before Extra, 5 Yr. CAGR %	30.93	53.09	-17.72	149.5	-30.6
Accounts Receivable, 5 Yr. CAGR %	-10.39	-3.66	-13.34	-15.84	-24.11
Inventory, 5 Yr. CAGR %	-21.74	11.74	-10.91	20.51	38.36
Net Property, Plant and Equip., 5 Yr. CAGR %	128.1	164.33	153.65	129.32	17.18
Total Assets, 5 Yr. CAGR %	3.96	14.34	12.92	21.62	-1.19
Tangible Book Value, 5 Yr. CAGR %	-6.46	-10	-11.22	-6.79	-30.33
Common Equity, 5 Yr. CAGR %	-6.46	-10	-11.22	2.68	-11.53
Cash From Operations, 5 Yr. CAGR %	40.79	90.76	48.23	149.31	-11.13
Capital Expenditures, 5 Yr. CAGR %	195.03	199.15	117.67	108.29	22.03
Levered Free Cash Flow, 5 Yr. CAGR %	65.03	7.32	-0.61	-36.12	0.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	68.69	4.45	3.51	-24.77	1.55