Income Statement Lalin Property

Stocks

LALIN

TH0693010Z02

Real Estate Development & Operations

End-of-day quote Thailand S.E. 2026-10-05			5-day change	1st Jan Change
4.220 ^THB	0.00%		0.00%	-12.45%

08-16	Lalin Property Public Company Limited Announces Interim Cash Dividend for the Operating Period from 01 January, 2026 to 30 June, 2026, Payable on 11 September, 2026	CI
08-16	Lalin 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: LALIN PROPERTY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	6.57B	6.22B	4.77B	3.67B	3.04B
Total Revenues	6.57B	6.22B	4.77B	3.67B	3.04B
Cost of Goods Sold, Total	4.01B	3.8B	2.93B	2.26B	1.87B
Gross Profit	2.56B	2.42B	1.84B	1.42B	1.16B
Selling General & Admin Expenses, Total	598M	621M	629M	554M	485M
Other Operating Expenses	231M	219M	174M	99.6M	68.09M
Other Operating Expenses, Total	829M	840M	803M	654M	553M
Operating Income	1.73B	1.58B	1.04B	762M	610M
Interest Expense, Total	-13.39M	-11.74M	-13.93M	-26.44M	-31.96M
Net Interest Expenses	-13.39M	-11.74M	-13.93M	-26.44M	-31.96M
Other Non Operating Income (Expenses)	16.67M	18.74M	19.46M	-	-
EBT, Excl. Unusual Items	1.74B	1.59B	1.04B	736M	578M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	1.74B	1.59B	1.04B	736M	578M
Income Tax Expense	348M	319M	209M	148M	116M
Earnings From Continuing Operations	1.39B	1.27B	834M	588M	462M
Net Income to Company	1.39B	1.27B	834M	588M	462M
Minority Interest	-	-	-	-	-
Net Income - (IS)	1.39B	1.27B	834M	588M	462M
Net Income to Common Incl Extra Items	1.39B	1.27B	834M	588M	462M
Net Income to Common Excl. Extra Items	1.39B	1.27B	834M	588M	462M
Per Share Items
Net EPS - Basic	1.5	1.37	0.9	0.64	0.5
Basic EPS - Continuing Operations	1.5	1.37	0.9	0.64	0.5
Basic Weighted Average Shares Outstanding	925M	925M	925M	925M	925M
Net EPS - Diluted	1.5	1.37	0.9	0.64	0.5
Diluted EPS - Continuing Operations	1.5	1.37	0.9	0.64	0.5
Diluted Weighted Average Shares Outstanding	925M	925M	925M	925M	925M
Normalized Basic EPS	1.17	1.07	0.71	0.5	0.39
Normalized Diluted EPS	1.17	1.07	0.71	0.5	0.39
Dividend Per Share	0.63	0.64	0.52	0.34	0.3
Payout Ratio	43.61	46.56	67.07	65.28	63.02
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	1.78B	1.63B	1.08B	809M	654M
EBITA	1.73B	1.58B	1.04B	762M	610M
EBIT	1.73B	1.58B	1.04B	762M	610M
EBITDAR	1.87B	1.71B	1.17B	863M	690M
Effective Tax Rate - (Ratio)	20.02	20.07	20.06	20.09	20.05
Current Domestic Taxes	350M	321M	211M	150M	118M
Total Current Taxes	350M	321M	211M	150M	118M
Deferred Domestic Taxes	-2.01M	-1.92M	-2.07M	-1.98M	-1.8M
Total Deferred Taxes	-2.01M	-1.92M	-2.07M	-1.98M	-1.8M
Normalized Net Income	1.09B	994M	652M	460M	361M
Interest Capitalized	95.89M	88.91M	126M	187M	206M
Non-Cash Pension Expense	812K	938K	878K	1.92M	912K
Supplemental Operating Expense Items
Advertising Expense	163M	191M	204M	166M	141M
Selling and Marketing Expenses	304M	328M	338M	264M	215M
General and Administrative Expenses	294M	293M	291M	290M	270M
Net Rental Expense, Total	88.54M	86.4M	83.5M	53.38M	35.92M
Imputed Operating Lease Interest Expense	23.81M	22.89M	23.55M	16.6M	11.21M
Imputed Operating Lease Depreciation	64.73M	63.51M	59.95M	36.79M	24.71M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	55.84M	39.51M	98.91M	53.62M	43.7M
Total Cash And Short Term Investments	55.84M	39.51M	98.91M	53.62M	43.7M
Other Receivables	4.09M	3.42M	4.07M	3.48M	4.66M
Total Receivables	4.09M	3.42M	4.07M	3.48M	4.66M
Inventory	10.09B	10.74B	12.92B	13.95B	14.39B
Prepaid Expenses	64.31M	71.5M	56.43M	44.92M	35.17M
Other Current Assets, Total	9.78M	8.87M	8.13M	9.91M	9.07M
Total Current Assets	10.22B	10.86B	13.09B	14.06B	14.49B
Gross Property Plant And Equipment	799M	829M	863M	895M	915M
Accumulated Depreciation	-471M	-500M	-522M	-565M	-602M
Net Property Plant And Equipment	328M	329M	341M	330M	313M
Long-term Investments	1.22B	342M	1.14M	1.18M	1.2M
Other Intangibles, Total	2	2	2	2	2
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	14.95M	16.83M	18.9M	17.89M	16.04M
Other Long-Term Assets, Total	1.42B	2.29B	2.85B	2.91B	2.84B
Total Assets	13.21B	13.84B	16.29B	17.33B	17.66B
Liabilities
Accounts Payable, Total	240M	273M	213M	179M	134M
Accrued Expenses, Total	305M	314M	233M	160M	157M
Short-term Borrowings	57.52M	301M	925M	765M	880M
Current Portion of Long-Term Debt	925M	1B	1.15B	2.26B	2.12B
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	147M	123M	76.53M	65.54M	45.98M
Unearned Revenue Current, Total	4.29M	3.13M	2.36M	884K	728K
Other Current Liabilities	853M	926M	1.2B	1.15B	1.14B
Total Current Liabilities	2.53B	2.94B	3.8B	4.58B	4.47B
Long-Term Debt	2.15B	1.65B	2.93B	2.95B	3.2B
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	67.64M	77.08M	87.82M	82.76M	73.51M
Deferred Tax Liability Non Current	44.84K	7.75K	8.71K	11.57K	13.79K
Other Non Current Liabilities	208M	239M	268M	287M	297M
Total Liabilities	4.95B	4.9B	7.08B	7.9B	8.05B
Common Stock, Total	925M	925M	925M	925M	925M
Additional Paid In Capital	499M	499M	499M	499M	499M
Retained Earnings	6.83B	7.51B	7.79B	8B	8.19B
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	8.26B	8.94B	9.21B	9.43B	9.61B
Minority Interest	-	-	-	-	-
Total Equity	8.26B	8.94B	9.21B	9.43B	9.61B
Total Liabilities And Equity	13.21B	13.84B	16.29B	17.33B	17.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	925M	925M	925M	925M	925M
ECS Total Common Shares Outstanding	925M	925M	925M	925M	925M
Book Value / Share	8.93	9.66	9.96	10.19	10.39
Tangible Book Value	8.26B	8.94B	9.21B	9.43B	9.61B
Tangible Book Value Per Share	8.93	9.66	9.96	10.19	10.39
Total Debt	3.13B	2.95B	5.01B	5.97B	6.2B
Net Debt	3.07B	2.91B	4.91B	5.92B	6.16B
Debt Equivalent of Unfunded Proj. Benefit Obligation	67.64M	77.08M	87.82M	82.76M	73.51M
Debt Equivalent Oper. Leases	708M	691M	668M	427M	287M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	9.88B	10.57B	12.76B	13.8B	14.25B
Inventories - Finished Goods, Total	199M	154M	151M	144M	138M
Land - (BS)	174M	178M	178M	180M	180M
Buildings, Total	127M	127M	127M	128M	128M
Machinery, Total	498M	524M	559M	587M	607M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	1.39B	1.27B	834M	588M	462M
Depreciation & Amortization - CF	47.88M	42.37M	46.22M	46.99M	43.8M
Depreciation & Amortization, Total	47.88M	42.37M	46.22M	46.99M	43.8M
(Gain) Loss From Sale Of Asset	-295K	-	-485K	-105K	-297K
(Gain) Loss on Sale of Investments - (CF)	2.12M	86.33K	-566K	-42.52K	-16.87K
Asset Writedown & Restructuring Costs	652K	67.61K	95.94K	44.18K	20.76K
Other Operating Activities, Total	-1.46B	-4.07M	-22.36M	23.95M	19.62M
Change In Accounts Receivable	-6.49M	-11.87M	17.65M	13.15M	14.28M
Change In Inventories	962M	647M	-444M	-143M	118M
Change In Accounts Payable	126M	25.01M	-76.83M	-111M	-54.9M
Change in Other Net Operating Assets	71.47M	-2.03B	-2.06B	-893M	-383M
Cash from Operations	1.14B	-62.86M	-1.7B	-475M	220M
Capital Expenditure	-41.34M	-47.27M	-59.71M	-36.27M	-27.16M
Sale of Property, Plant, and Equipment	170K	-	485K	610K	377K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-219M	883M	341M	0	-
Cash from Investing	-261M	836M	282M	-35.66M	-26.78M
Short Term Debt Issued, Total	166M	699M	3.27B	3.86B	2.94B
Long-Term Debt Issued, Total	1.05B	500M	2.43B	2.19B	2.3B
Total Debt Issued	1.22B	1.2B	5.7B	6.05B	5.24B
Short Term Debt Repaid, Total	-460M	-455M	-2.64B	-4.02B	-2.83B
Long-Term Debt Repaid, Total	-1B	-925M	-1B	-1.15B	-2.3B
Total Debt Repaid	-1.46B	-1.38B	-3.64B	-5.17B	-5.13B
Common Dividends Paid	-606M	-592M	-560M	-384M	-291M
Common & Preferred Stock Dividends Paid	-606M	-592M	-560M	-384M	-291M
Other Financing Activities, Total	-11.12M	-16.14M	-18.36M	-28.38M	-26.6M
Cash from Financing	-860M	-789M	1.48B	466M	-203M
Net Change in Cash	15.11M	-16.33M	59.39M	-45.29M	-9.92M
Supplemental Items
Cash Interest Paid	105M	15.33M	15.02M	25.94M	26.6M
Cash Income Tax Paid (Refund)	345M	345M	258M	161M	137M
Levered Free Cash Flow	1.13B	417M	-1.46B	-717M	-137M
Unlevered Free Cash Flow	1.14B	424M	-1.45B	-701M	-117M
Change In Net Working Capital	-53.12M	560M	2.08B	1.19B	515M
Net Debt Issued / Repaid	-244M	-181M	2.06B	878M	115M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	8.44	7.32	4.31	2.83	2.18
Return on Total Capital	9.75	8.51	4.97	3.22	2.44
Return On Equity %	17.67	14.79	9.2	6.31	4.86
Return on Common Equity	17.67	14.79	9.2	6.31	4.86
Margin Analysis
Gross Profit Margin %	38.99	38.95	38.59	38.57	38.31
SG&A Margin	9.1	9.98	13.18	15.09	15.98
EBITDA Margin %	27.1	26.14	22.72	22.04	21.53
EBITA Margin %	26.38	25.46	21.75	20.76	20.09
EBIT Margin %	26.38	25.46	21.75	20.76	20.09
Income From Continuing Operations Margin %	21.14	20.44	17.48	16.01	15.22
Net Income Margin %	21.14	20.44	17.48	16.01	15.22
Net Avail. For Common Margin %	21.14	20.44	17.48	16.01	15.22
Normalized Net Income Margin	16.52	15.98	13.67	12.53	11.9
Levered Free Cash Flow Margin	17.26	6.7	-30.55	-19.53	-4.5
Unlevered Free Cash Flow Margin	17.39	6.82	-30.37	-19.08	-3.84
Asset Turnover
Asset Turnover	0.51	0.46	0.32	0.22	0.17
Fixed Assets Turnover	19.76	19	14.25	10.93	9.44
Inventory Turnover (Average Inventory)	0.4	0.36	0.25	0.17	0.13
Short Term Liquidity
Current Ratio	4.04	3.7	3.45	3.07	3.24
Quick Ratio	0.02	0.01	0.03	0.01	0.01
Operating Cash Flow to Current Liabilities	0.45	-0.02	-0.45	-0.1	0.05
Days Outstanding Inventory (Average Inventory)	912.24	1K	1.47K	2.18K	2.76K
Average Days Payable Outstanding	17.92	21.07	17.36	21.86	24.68
Long Term Solvency
Total Debt/Equity	37.91	33.01	54.35	63.38	64.49
Total Debt / Total Capital	27.49	24.82	35.21	38.79	39.21
LT Debt/Equity	26.01	18.45	31.82	31.25	33.29
Long-Term Debt / Total Capital	18.86	13.87	20.61	19.13	20.24
Total Liabilities / Total Assets	37.5	35.43	43.48	45.59	45.56
EBIT / Interest Expense	129.49	134.9	74.53	28.83	19.09
EBITDA / Interest Expense	133.07	138.51	77.85	30.61	20.46
(EBITDA - Capex) / Interest Expense	129.98	134.48	73.56	29.24	19.61
Total Debt / EBITDA	1.76	1.81	4.62	7.38	9.48
Net Debt / EBITDA	1.73	1.79	4.52	7.32	9.41
Total Debt / (EBITDA - Capex)	1.8	1.87	4.88	7.73	9.89
Net Debt / (EBITDA - Capex)	1.77	1.84	4.79	7.66	9.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.33	-5.36	-23.27	-23.06	-17.27
Gross Profit, 1 Yr. Growth %	14.06	-5.44	-24	-23.11	-17.82
EBITDA, 1 Yr. Growth %	13.86	-8.73	-33.31	-26.69	-19.19
EBITA, 1 Yr. Growth %	14.53	-8.65	-34.44	-27.93	-19.95
EBIT, 1 Yr. Growth %	14.53	-8.65	-34.44	-27.93	-19.95
Earnings From Cont. Operations, 1 Yr. Growth %	4.2	-8.48	-34.38	-29.52	-21.38
Net Income, 1 Yr. Growth %	4.2	-8.48	-34.38	-29.52	-21.38
Normalized Net Income, 1 Yr. Growth %	14.81	-8.42	-34.38	-29.5	-21.42
Diluted EPS Before Extra, 1 Yr. Growth %	4.2	-8.48	-34.38	-29.52	-21.38
Inventory, 1 Yr. Growth %	1.36	6.38	20.32	7.97	3.19
Net Property, Plant and Equip., 1 Yr. Growth %	-2.73	0.91	3.78	-3.16	-5.26
Total Assets, 1 Yr. Growth %	6.06	4.77	17.76	6.33	1.91
Tangible Book Value, 1 Yr. Growth %	10.48	8.23	3.07	2.35	1.97
Common Equity, 1 Yr. Growth %	10.48	8.23	3.07	2.35	1.97
Cash From Operations, 1 Yr. Growth %	-19.17	-105.53	2.61K	-72.1	-146.3
Capital Expenditures, 1 Yr. Growth %	57.86	14.35	26.31	-39.25	-25.12
Levered Free Cash Flow, 1 Yr. Growth %	2.36	-63.17	-447.84	-50.4	-80.96
Unlevered Free Cash Flow, 1 Yr. Growth %	2.17	-62.8	-439.81	-51.25	-83.36
Dividend Per Share, 1 Yr. Growth %	14.55	1.59	-18.75	-34.62	-11.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.24	4.02	-14.79	-23.17	-20.22
Gross Profit, 2 Yr. CAGR %	18.96	3.85	-15.23	-23.55	-20.51
EBITDA, 2 Yr. CAGR %	23.04	1.94	-21.98	-29.45	-23.03
EBITA, 2 Yr. CAGR %	24.09	2.28	-22.61	-30.62	-24.04
EBIT, 2 Yr. CAGR %	24.09	2.28	-22.61	-30.62	-24.04
Earnings From Cont. Operations, 2 Yr. CAGR %	24.83	-2.34	-22.5	-31.99	-25.56
Net Income, 2 Yr. CAGR %	24.83	-2.34	-22.5	-31.99	-25.56
Normalized Net Income, 2 Yr. CAGR %	24.42	2.54	-22.48	-31.98	-25.57
Diluted EPS Before Extra, 2 Yr. CAGR %	24.83	-2.34	-22.5	-31.99	-25.56
Inventory, 2 Yr. CAGR %	0.11	3.85	13.14	13.98	5.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.18	-1.27	2.33	0.25	-4.22
Total Assets, 2 Yr. CAGR %	7.17	5.41	11.06	11.9	4.1
Tangible Book Value, 2 Yr. CAGR %	12.15	9.35	5.62	2.71	2.16
Common Equity, 2 Yr. CAGR %	12.15	9.35	5.62	2.71	2.16
Cash From Operations, 2 Yr. CAGR %	345.37	-78.85	22.45	174.98	-64.06
Capital Expenditures, 2 Yr. CAGR %	-6.09	34.36	20.18	-12.4	-32.55
Levered Free Cash Flow, 2 Yr. CAGR %	46.08	-38.66	13.46	30.8	-69.27
Unlevered Free Cash Flow, 2 Yr. CAGR %	48.52	-38.41	12.71	28.17	-71.52
Dividend Per Share, 2 Yr. CAGR %	27.92	7.87	-9.15	-27.11	-24.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.21	10.4	-6.01	-17.64	-21.25
Gross Profit, 3 Yr. CAGR %	16.8	10.2	-6.41	-17.94	-21.69
EBITDA, 3 Yr. CAGR %	19.66	11.38	-11.5	-23.13	-26.18
EBITA, 3 Yr. CAGR %	21	12.04	-11.81	-23.96	-27.23
EBIT, 3 Yr. CAGR %	21	12.04	-11.81	-23.96	-27.23
Earnings From Cont. Operations, 3 Yr. CAGR %	21.36	12.56	-14.46	-24.92	-28.62
Net Income, 3 Yr. CAGR %	21.36	12.56	-14.46	-24.92	-28.62
Normalized Net Income, 3 Yr. CAGR %	21.33	12.33	-11.64	-24.89	-28.63
Diluted EPS Before Extra, 3 Yr. CAGR %	21.36	12.56	-14.46	-24.92	-28.62
Inventory, 3 Yr. CAGR %	5.73	2.17	9.08	11.39	10.26
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.1	-3.41	0.39	0.47	-1.62
Total Assets, 3 Yr. CAGR %	8.19	6.36	9.37	9.46	8.47
Tangible Book Value, 3 Yr. CAGR %	11.25	10.83	7.22	4.52	2.46
Common Equity, 3 Yr. CAGR %	11.25	10.83	7.22	4.52	2.46
Cash From Operations, 3 Yr. CAGR %	-6.11	3.14	6.62	-25.21	51.84
Capital Expenditures, 3 Yr. CAGR %	3.27	0.28	31.62	-4.26	-16.87
Levered Free Cash Flow, 3 Yr. CAGR %	26.89	-7.78	9.56	-14.13	-31.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.13	-6.44	9.01	-15	-35.1
Dividend Per Share, 3 Yr. CAGR %	22.83	18.46	-1.85	-18.58	-22.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	19.41	11.63	3.18	-4.5	-11.98
Gross Profit, 5 Yr. CAGR %	19.28	11.12	2.75	-4.8	-12.33
EBITDA, 5 Yr. CAGR %	21.71	12.13	0.85	-7.22	-16.01
EBITA, 5 Yr. CAGR %	22.86	12.98	1.19	-7.5	-16.61
EBIT, 5 Yr. CAGR %	22.86	12.98	1.19	-7.5	-16.61
Earnings From Cont. Operations, 5 Yr. CAGR %	22.66	13.31	1.43	-7.99	-19.09
Net Income, 5 Yr. CAGR %	22.66	13.31	1.43	-7.99	-19.09
Normalized Net Income, 5 Yr. CAGR %	22.62	13.27	1.43	-8.09	-17.5
Diluted EPS Before Extra, 5 Yr. CAGR %	22.66	13.31	1.43	-7.99	-19.09
Inventory, 5 Yr. CAGR %	4.98	4.78	8.64	6.74	7.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-4.43	-3.74	-1.71	-1.96	-1.48
Total Assets, 5 Yr. CAGR %	7.54	6.94	9.33	8.54	7.23
Tangible Book Value, 5 Yr. CAGR %	10.69	10.1	8.96	7.51	5.16
Common Equity, 5 Yr. CAGR %	10.69	10.1	8.96	7.51	5.16
Cash From Operations, 5 Yr. CAGR %	20.2	-41.27	4.41	52.68	-30.99
Capital Expenditures, 5 Yr. CAGR %	-7.9	0.85	9.73	-5	0.73
Levered Free Cash Flow, 5 Yr. CAGR %	15.65	30.42	21.29	6.16	-34.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.02	28.51	20.53	6.22	-36.38
Dividend Per Share, 5 Yr. CAGR %	38.53	16.36	8.87	-2.46	-11.42