Income Statement K.C. Property

Stocks

KC

TH0446B10Z04

Real Estate Development & Operations

End-of-day quote Thailand S.E. 2026-10-01			5-day change	1st Jan Change
0.0200 ^THB	-33.33%		-33.33%	-50.00%

09-15	K.C. Property Public Company Limited Reports Progress On The First Payment Of The Third Installment Under The New Debt Restructuring Agreement And Release Of Mortgage Collateral	CI
08-14	K.C. Property Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: K.C. PROPERTY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	108M	199M	201M	52.31M	15.73M
Total Revenues	108M	199M	201M	52.31M	15.73M
Cost of Goods Sold, Total	79.94M	148M	156M	42.83M	20.62M
Gross Profit	28.08M	50.81M	45.38M	9.49M	-4.89M
Selling General & Admin Expenses, Total	99.74M	122M	96.62M	78.39M	70.43M
Provision for Bad Debts	139K	-3.06M	-	-	-
Other Operating Expenses	-9.81M	-7.22M	-10.71M	-6.32M	-11.37M
Other Operating Expenses, Total	90.07M	112M	85.91M	72.07M	59.06M
Operating Income	-61.99M	-60.92M	-40.52M	-62.58M	-63.95M
Interest Expense, Total	-31.96M	-30.36M	-29.75M	-29.75M	-15.05M
Net Interest Expenses	-31.96M	-30.36M	-29.75M	-29.75M	-15.05M
Other Non Operating Income (Expenses)	-	9.46M	-	-	-
EBT, Excl. Unusual Items	-93.95M	-81.82M	-70.28M	-92.33M	-79M
Gain (Loss) On Sale Of Assets	974K	-	4.47M	548K	74.77K
Asset Writedown	772K	920K	-	-9.86M	-39.86M
Legal Settlements	-	-7.91M	-	-33.82M	-12.61M
Other Unusual Items	18.17M	-	-	-	-18.34M
EBT, Incl. Unusual Items	-74.03M	-88.81M	-65.81M	-135M	-150M
Income Tax Expense	1.65M	-	-	91.45K	147K
Earnings From Continuing Operations	-75.68M	-88.81M	-65.81M	-136M	-150M
Net Income to Company	-75.68M	-88.81M	-65.81M	-136M	-150M
Net Income - (IS)	-75.68M	-88.81M	-65.81M	-136M	-150M
Net Income to Common Incl Extra Items	-75.68M	-88.81M	-65.81M	-136M	-150M
Net Income to Common Excl. Extra Items	-75.68M	-88.81M	-65.81M	-136M	-150M
Per Share Items
Net EPS - Basic	-0.05	-0.02	-0.02	-0.03	-0.03
Basic EPS - Continuing Operations	-0.05	-0.02	-0.02	-0.03	-0.03
Basic Weighted Average Shares Outstanding	1.57B	3.61B	3.8B	4.55B	4.81B
Net EPS - Diluted	-0.05	-0.02	-0.02	-0.03	-0.03
Diluted EPS - Continuing Operations	-0.05	-0.02	-0.02	-0.03	-0.03
Diluted Weighted Average Shares Outstanding	1.57B	3.61B	3.8B	4.55B	4.81B
Normalized Basic EPS	-0.04	-0.01	-0.01	-0.01	-0.01
Normalized Diluted EPS	-0.04	-0.01	-0.01	-0.01	-0.01
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-58.78M	-58.15M	-37.98M	-61.34M	-56.07M
EBITA	-61.99M	-60.92M	-40.52M	-62.58M	-63.95M
EBIT	-61.99M	-60.92M	-40.52M	-62.58M	-63.95M
EBITDAR	-57.97M	-56.99M	-36.08M	-60.41M	-
Total Revenues (As Reported)	-	-	-	-	15.73M
Effective Tax Rate - (Ratio)	-2.23	-	-	-0.07	-0.1
Current Domestic Taxes	26.12K	-	-	-	147K
Total Current Taxes	26.12K	-	-	-	147K
Deferred Domestic Taxes	1.62M	-	-	-	-
Total Deferred Taxes	1.62M	-	-	-	-
Normalized Net Income	-58.72M	-51.14M	-43.92M	-57.71M	-49.38M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	306K	54.08K	1.25K	-	-
Non-Cash Pension Expense	-1.97M	-2.44M	22.58K	165K	-2.15M
Supplemental Operating Expense Items
Advertising Expense	8.27M	8.19M	7.28M	5.81M	372M
Selling and Marketing Expenses	12.25M	15.84M	15.22M	7.68M	4.55M
General and Administrative Expenses	87.49M	106M	81.4M	70.71M	65.88M
Net Rental Expense, Total	817K	1.16M	1.9M	934K	-
Imputed Operating Lease Interest Expense	399K	511K	6.35M	3.2M	-
Imputed Operating Lease Depreciation	418K	654K	-4.45M	-2.26M	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	197M	146M	149M	33.4M	13.25M
Total Cash And Short Term Investments	197M	146M	149M	33.4M	13.25M
Accounts Receivable, Total	-	-	-	10M	-
Other Receivables	-	604K	73.59K	189K	29.58K
Total Receivables	-	604K	73.59K	10.19M	29.58K
Inventory	279M	214M	136M	118M	107M
Prepaid Expenses	-	753K	730K	865K	778K
Other Current Assets, Total	280M	275M	275M	258M	258M
Total Current Assets	755M	636M	561M	420M	379M
Gross Property Plant And Equipment	42.75M	46.38M	267M	39.63M	43.45M
Accumulated Depreciation	-34.57M	-34.62M	-31.96M	-14.45M	-15.47M
Net Property Plant And Equipment	8.17M	11.76M	235M	25.18M	27.98M
Other Intangibles, Total	259K	1.12M	939K	755K	621K
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	246M	320M	252M	520M	381M
Total Assets	1.01B	969M	1.05B	966M	789M
Liabilities
Accounts Payable, Total	37.99M	2.56M	8.51M	1.67M	2.06M
Accrued Expenses, Total	6.66M	35.39M	20.86M	15.54M	14.62M
Short-term Borrowings	512M	522M	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	2.04M	798K	2.28M	2.4M	630K
Current Income Taxes Payable	-	-	-	67.35K	82.87K
Unearned Revenue Current, Total	-	-	-	11.24M	843K
Other Current Liabilities	29.99M	6.02M	571M	591M	561M
Total Current Liabilities	589M	566M	603M	622M	580M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	125K	70.68M	68.41M	66.01M	49.37M
Pension & Other Post Retirement Benefits	7.78M	5.66M	6.93M	7.93M	6.1M
Other Non Current Liabilities	9.86M	11.49M	10.24M	44.35M	57.33M
Total Liabilities	607M	654M	688M	740M	692M
Common Stock, Total	3.61B	2.53B	3.18B	3.18B	3.62B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	-846M	-934M	-999M	-1.14B	-1.28B
Comprehensive Income and Other	-2.36B	-1.28B	-1.82B	-1.82B	-2.24B
Total Common Equity	403M	315M	362M	226M	96.27M
Total Equity	403M	315M	362M	226M	96.27M
Total Liabilities And Equity	1.01B	969M	1.05B	966M	789M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.61B	3.61B	4.55B	4.55B	5.18B
ECS Total Common Shares Outstanding	3.61B	3.61B	4.55B	4.55B	5.18B
Book Value / Share	0.11	0.09	0.08	0.05	0.02
Tangible Book Value	402M	314M	361M	225M	95.65M
Tangible Book Value Per Share	0.11	0.09	0.08	0.05	0.02
Total Debt	515M	593M	70.68M	68.41M	50M
Net Debt	318M	447M	-78.33M	35.01M	36.74M
Debt Equivalent of Unfunded Proj. Benefit Obligation	7.78M	5.66M	6.93M	7.93M	6.1M
Debt Equivalent Oper. Leases	6.53M	9.32M	15.17M	7.48M	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	282M	220M	143M	122M	113M
Buildings, Total	3.02M	3.02M	3.02M	3.02M	3.02M
Machinery, Total	31.47M	28.47M	22.12M	13.55M	13.81M
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	-75.68M	-88.81M	-65.81M	-136M	-150M
Depreciation & Amortization - CF	6.73M	4.68M	2.66M	4.81M	15.77M
Depreciation & Amortization, Total	6.73M	4.68M	2.66M	4.81M	15.77M
Amortization of Deferred Charges, Total - (CF)	323K	103K	185K	184K	134K
(Gain) Loss From Sale Of Asset	-974K	-206K	-925K	-548K	9.79M
Asset Writedown & Restructuring Costs	-772K	-920K	-	9.86M	30M
Provision and Write-off of Bad Debts	139K	-3.06M	-	-	-
Other Operating Activities, Total	16.03M	31.95M	26.12M	57.86M	31.61M
Change In Accounts Receivable	-	-145K	92.77K	-10.25M	246K
Change In Inventories	-17.51M	65.37M	76.92M	21.02M	9.65M
Change In Accounts Payable	-7.93M	-2.51M	7.46M	-16.18M	-7.21M
Change in Other Net Operating Assets	-3.13M	-24.85M	610K	-11.28M	429K
Cash from Operations	-82.77M	-18.4M	47.32M	-80.09M	-59.47M
Capital Expenditure	-1.22M	-7.84M	-986K	-992K	-527K
Sale of Property, Plant, and Equipment	46.73K	-	878K	720K	74.77K
Sale (Purchase) of Real Estate properties	6.51M	-	-2.68M	-30.75M	78.75M
Sale (Purchase) of Intangible assets	-229K	-968K	-	-	-
Other Investing Activities, Total	3.34M	-65.73K	-149M	-2.22M	-5.3M
Cash from Investing	8.45M	-8.88M	-152M	-33.24M	72.99M
Short Term Debt Issued, Total	40M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	17.54M
Total Debt Issued	40M	-	-	-	17.54M
Short Term Debt Repaid, Total	-56.2M	-16.45M	-	-	-
Long-Term Debt Repaid, Total	-3.79M	-2.04M	-4.63M	-2.28M	-46.08M
Total Debt Repaid	-59.99M	-18.49M	-4.63M	-2.28M	-46.08M
Issuance of Common Stock	279M	-	112M	-	-
Other Financing Activities, Total	-7.21M	-4.63M	-1.25K	-	-5.13M
Cash from Financing	252M	-23.11M	108M	-2.28M	-33.67M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	177M	-50.39M	2.72M	-116M	-20.15M
Supplemental Items
Cash Interest Paid	7.21M	4.63M	1.25K	-	5.13M
Cash Income Tax Paid (Refund)	1.57M	-339K	2.47M	906K	1.74M
Levered Free Cash Flow	-77.87M	-23.18M	70.34M	-26.47M	-53.26M
Unlevered Free Cash Flow	-57.89M	-4.21M	88.93M	-7.87M	-43.85M
Change In Net Working Capital	24.75M	-37.89M	-112M	-27.24M	19.26M
Net Debt Issued / Repaid	-19.99M	-18.49M	-4.63M	-2.28M	-28.54M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-4.19	-3.85	-2.51	-3.88	-4.56
Return on Total Capital	-4.7	-4.17	-6.19	-10.77	-18.14
Return On Equity %	-25.2	-24.74	-19.45	-46.14	-93.02
Return on Common Equity	-25.2	-24.74	-19.45	-46.14	-93.02
Margin Analysis
Gross Profit Margin %	26	25.54	22.53	18.13	-31.11
SG&A Margin	92.33	61.32	47.96	149.84	447.75
EBITDA Margin %	-54.41	-29.23	-18.85	-117.26	-356.44
EBITA Margin %	-57.38	-30.62	-20.11	-119.63	-406.55
EBIT Margin %	-57.38	-30.62	-20.11	-119.63	-406.55
Income From Continuing Operations Margin %	-70.05	-44.64	-32.66	-259.13	-952.82
Net Income Margin %	-70.05	-44.64	-32.66	-259.13	-952.82
Net Avail. For Common Margin %	-70.05	-44.64	-32.66	-259.13	-952.82
Normalized Net Income Margin	-54.35	-25.7	-21.8	-110.31	-313.89
Levered Free Cash Flow Margin	-72.08	-11.65	34.91	-50.59	-338.58
Unlevered Free Cash Flow Margin	-53.59	-2.11	44.14	-15.05	-278.78
Asset Turnover
Asset Turnover	0.12	0.2	0.2	0.05	0.02
Fixed Assets Turnover	9.1	19.96	1.26	2.18	0.59
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)	0.29	0.6	0.89	0.34	0.18
Short Term Liquidity
Current Ratio	1.28	1.12	0.93	0.68	0.65
Quick Ratio	0.33	0.26	0.25	0.07	0.02
Operating Cash Flow to Current Liabilities	-0.14	-0.03	0.08	-0.13	-0.1
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Days Outstanding Inventory (Average Inventory)	1.24K	606.67	409.42	1.09K	1.99K
Average Days Payable Outstanding	166.65	31.49	25.64	76.67	69.1
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	127.79	188.19	19.55	30.27	51.93
Total Debt / Total Capital	56.1	65.3	16.35	23.24	34.18
LT Debt/Equity	0.03	22.42	18.92	29.21	51.28
Long-Term Debt / Total Capital	0.01	7.78	15.83	22.42	33.75
Total Liabilities / Total Assets	60.11	67.49	65.56	76.61	87.79
EBIT / Interest Expense	-1.94	-2.01	-1.36	-2.1	-4.25
EBITDA / Interest Expense	-1.73	-1.85	-1.27	-1.94	-3.2
(EBITDA - Capex) / Interest Expense	-1.77	-2.11	-1.31	-1.98	-3.24
Total Debt / EBITDA	-9.31	-10.55	-1.87	-1.18	-1.04
Net Debt / EBITDA	-5.75	-7.95	2.07	-0.61	-0.76
Total Debt / (EBITDA - Capex)	-9.11	-9.26	-1.82	-1.16	-1.03
Net Debt / (EBITDA - Capex)	-5.63	-6.97	2.02	-0.6	-0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-27.43	84.17	1.26	-74.03	-69.93
Gross Profit, 1 Yr. Growth %	-26.76	80.91	-10.68	-79.1	-151.58
EBITDA, 1 Yr. Growth %	-18.43	-1.07	-34.69	61.52	-8.6
EBITA, 1 Yr. Growth %	-17.77	-1.73	-33.47	54.43	2.19
EBIT, 1 Yr. Growth %	-17.77	-1.73	-33.47	54.43	2.19
Earnings From Cont. Operations, 1 Yr. Growth %	-26.6	17.35	-25.9	105.99	10.57
Net Income, 1 Yr. Growth %	-26.6	17.35	-25.9	105.99	10.57
Normalized Net Income, 1 Yr. Growth %	-13.55	-12.19	-15.94	31.38	-14.44
Diluted EPS Before Extra, 1 Yr. Growth %	-59.16	-48.93	-29.59	105.99	4.52
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	5.61	-23.35	-36.15	-13.58	-9.15
Net Property, Plant and Equip., 1 Yr. Growth %	-47.5	43.87	180.04	10.55	11.1
Total Assets, 1 Yr. Growth %	20.45	-3.96	8.27	-7.97	-18.36
Tangible Book Value, 1 Yr. Growth %	103.59	-21.95	14.82	-37.54	-57.53
Common Equity, 1 Yr. Growth %	103.36	-21.72	14.7	-37.49	-57.4
Cash From Operations, 1 Yr. Growth %	-14.59	-77.78	-357.26	-269.24	-25.75
Capital Expenditures, 1 Yr. Growth %	-62.29	541.12	-39.91	0.59	-46.84
Levered Free Cash Flow, 1 Yr. Growth %	-14.49	-70.23	-86.06	-128.79	101.24
Unlevered Free Cash Flow, 1 Yr. Growth %	-17.6	-92.74	-83.02	-107.12	457.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-29.69	15.61	36.56	-48.72	-72.06
Gross Profit, 2 Yr. CAGR %	-29.61	15.11	27.12	-56.79	-67.16
EBITDA, 2 Yr. CAGR %	-5.5	-10.17	-19.62	2.71	21.5
EBITA, 2 Yr. CAGR %	-5.77	-10.11	-19.15	1.36	25.62
EBIT, 2 Yr. CAGR %	-5.77	-10.11	-19.15	1.36	25.62
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.28	-7.19	-6.75	23.55	50.92
Net Income, 2 Yr. CAGR %	-30.28	-7.19	-6.75	23.55	50.92
Normalized Net Income, 2 Yr. CAGR %	-10.18	-13.23	-13.15	5.09	6.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-48	-54.33	-40.03	10.13	46.73
Inventory, 2 Yr. CAGR %	9.14	-10.03	-30.04	-25.72	-11.39
Net Property, Plant and Equip., 2 Yr. CAGR %	21.37	-13.09	436.36	-45.24	10.83
Total Assets, 2 Yr. CAGR %	4.95	7.55	1.97	-0.18	-13.32
Tangible Book Value, 2 Yr. CAGR %	15.69	26.06	-5.34	-15.32	-48.5
Common Equity, 2 Yr. CAGR %	15.58	26.17	-5.24	-15.33	-48.4
Cash From Operations, 2 Yr. CAGR %	410.46	-56.43	-24.39	108.66	12.1
Capital Expenditures, 2 Yr. CAGR %	-3.54	55.48	-10.21	-22.25	-26.88
Levered Free Cash Flow, 2 Yr. CAGR %	-48.94	-49.54	-4.96	-77.1	-23.89
Unlevered Free Cash Flow, 2 Yr. CAGR %	-53.66	-75.53	23.94	-87.74	-37.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-14.96	-3.07	10.61	-21.47	-57.08
Gross Profit, 3 Yr. CAGR %	-16.5	-3.58	5.78	-30.36	-54.16
EBITDA, 3 Yr. CAGR %	-4.63	-4.05	-19.23	1.43	-1.21
EBITA, 3 Yr. CAGR %	-4.82	-4.44	-18.69	0.32	1.63
EBIT, 3 Yr. CAGR %	-4.82	-4.44	-18.69	0.32	1.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.06	-17.07	-13.9	21.45	19.06
Net Income, 3 Yr. CAGR %	-5.06	-17.07	-13.9	21.45	19.06
Normalized Net Income, 3 Yr. CAGR %	-6.25	-11.1	-13.53	-0.3	-1.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.91	-48.31	-47.24	-14.76	8.22
Inventory, 3 Yr. CAGR %	-3.38	-2.99	-19.75	-24.93	-20.56
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.79	28.45	147.18	45.5	-30.67
Total Assets, 3 Yr. CAGR %	-4.97	1.89	7.79	-1.46	-6.65
Tangible Book Value, 3 Yr. CAGR %	-4.18	1.47	22.19	-17.59	-32.72
Common Equity, 3 Yr. CAGR %	-4.21	1.5	22.22	-17.51	-32.66
Cash From Operations, 3 Yr. CAGR %	118.68	79.58	-21.25	-1.09	47.86
Capital Expenditures, 3 Yr. CAGR %	1.53	81.36	-32.76	-6.74	-31.51
Levered Free Cash Flow, 3 Yr. CAGR %	56.06	-57.34	-8.25	-30.21	-52.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.56	-75.01	8.18	-48.58	-56.25
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-31.35	-7.63	2.78	-24.87	-36.2
Gross Profit, 5 Yr. CAGR %	-23.57	56.43	-1.21	-30.06	-33.75
EBITDA, 5 Yr. CAGR %	1.35	-12.75	-10.93	-1.4	-4.9
EBITA, 5 Yr. CAGR %	4.03	-12.53	-10.83	-2.16	-3.24
EBIT, 5 Yr. CAGR %	4.03	-12.53	-10.83	-2.16	-3.24
Earnings From Cont. Operations, 5 Yr. CAGR %	26.16	-19.32	-5.74	-2.73	7.77
Net Income, 5 Yr. CAGR %	26.16	-19.32	-5.74	-2.73	7.77
Normalized Net Income, 5 Yr. CAGR %	25.73	-13.71	-9.22	-4.53	-6.18
Diluted EPS Before Extra, 5 Yr. CAGR %	12.2	-39.25	-29.74	-30.05	-23.36
Inventory, 5 Yr. CAGR %	-17	-10.41	-15.09	-12.81	-16.5
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.59	0.27	93.67	35.32	12.43
Total Assets, 5 Yr. CAGR %	-6.99	-4.41	-2.25	1.06	-1.21
Tangible Book Value, 5 Yr. CAGR %	-12.94	-10.43	-4.64	-5.61	-13.51
Common Equity, 5 Yr. CAGR %	-12.95	-10.4	-4.62	-5.6	-13.43
Cash From Operations, 5 Yr. CAGR %	-26.29	-24.93	43	90.69	-9.31
Capital Expenditures, 5 Yr. CAGR %	-16.8	36.17	-3.34	-5.47	-30.47
Levered Free Cash Flow, 5 Yr. CAGR %	-31.74	-38.01	27.98	-38.41	-10.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-36.21	-57.18	11.28	-50.67	-9