Income Statement LTMH Thailand S.E.

Stocks

LTMH-R

THC857010R12

Internet Services

End-of-day quote Thailand S.E. 2026-09-18			5-day change	1st Jan Change
8.350 ^THB	+0.60%		+1.83%	+86.38%

08-23	Tranche Update on LTMH Public Company Limited's Equity Buyback Plan announced on February 18, 2026.	CI
08-21	LTMH Public Company Limited's Equity Buyback announced on February 18, 2026, has closed with 1,451,700 shares, representing 0.97% for THB 6.37 million.	CI

491a1c4d6e4c6c554326aefbf6b05f9a.XwxYTaKByy2Vhv7RYYiwH9zD_vB8NBhzzGztumVrKd4.PmUTfs37phr48rTlKPKDc-X3yMcUfGIxj1_A1hcKfJQbRxR01vOTQsWzuw

Published financial data: LTMH

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	117M	173M	224M	231M	249M
Other Revenues, Total	-	1.33M	1.81M	440K	1.86M
Total Revenues	117M	174M	226M	232M	250M
Cost of Goods Sold, Total	64.61M	103M	130M	114M	117M
Gross Profit	52.26M	70.63M	95.71M	117M	134M
Selling General & Admin Expenses, Total	25.98M	30.49M	47.96M	63.45M	78.08M
R&D Expenses	-	-	-	6.31M	4.82M
Other Operating Expenses	-1.19M	-	-	-	-
Other Operating Expenses, Total	24.79M	30.49M	47.96M	69.76M	82.9M
Operating Income	27.47M	40.13M	47.74M	47.6M	50.89M
Interest Expense, Total	-641K	-1.03M	-927K	-2.73M	-2.93M
Net Interest Expenses	-641K	-1.03M	-927K	-2.73M	-2.93M
Income (Loss) On Equity Invest.	-	-	-	-862K	-2.96M
EBT, Excl. Unusual Items	26.83M	39.11M	46.82M	44.01M	45M
EBT, Incl. Unusual Items	26.83M	39.11M	46.82M	44.01M	45M
Income Tax Expense	5.15M	7.93M	9.24M	8.73M	13.26M
Earnings From Continuing Operations	21.68M	31.18M	37.58M	35.28M	31.74M
Net Income to Company	21.68M	31.18M	37.58M	35.28M	31.74M
Minority Interest	-	-	-	130K	137K
Net Income - (IS)	21.68M	31.18M	37.58M	35.42M	31.87M
Net Income to Common Incl Extra Items	21.68M	31.18M	37.58M	35.42M	31.87M
Net Income to Common Excl. Extra Items	21.68M	31.18M	37.58M	35.42M	31.87M
Per Share Items
Net EPS - Basic	1.76K	15.22	1.98	0.24	0.17
Basic EPS - Continuing Operations	1.76K	15.22	1.98	0.24	0.17
Basic Weighted Average Shares Outstanding	12.34K	2.05M	18.97M	150M	188M
Net EPS - Diluted	1.76K	12.63	1.98	0.24	0.17
Diluted EPS - Continuing Operations	1.76K	12.63	1.98	0.24	0.17
Diluted Weighted Average Shares Outstanding	12.34K	2.47M	18.97M	150M	188M
Normalized Basic EPS	1.36K	11.93	1.54	0.18	0.15
Normalized Diluted EPS	1.36K	9.9	1.54	0.18	0.15
Dividend Per Share	-	-	-	0.17	0.15
Payout Ratio	56.92	-	242.61	-	80
Supplemental Items
EBITDA	29.66M	43.05M	51.29M	51.17M	54.66M
EBITA	27.47M	40.13M	47.97M	47.62M	50.9M
EBIT	27.47M	40.13M	47.74M	47.6M	50.89M
Total Revenues (As Reported)	117M	174M	226M	232M	250M
Effective Tax Rate - (Ratio)	19.18	20.28	19.74	19.83	29.47
Total Current Taxes	5.42M	7.99M	9.01M	10.14M	14.45M
Total Deferred Taxes	-273K	-269K	391K	-1.28M	-1.19M
Normalized Net Income	16.77M	24.44M	29.26M	27.64M	28.26M
Interest on Long-Term Debt	641K	641K	927K	2.45M	2.71M
Non-Cash Pension Expense	51.1K	82.68K	114K	182K	245K
Supplemental Operating Expense Items
Selling and Marketing Expenses	10.98M	2.88M	1.84M	9.38M	10.79M
General and Administrative Expenses	15M	27.61M	46.13M	54.06M	67.29M
Research And Development Expense From Footnotes	-	-	-	6.31M	4.82M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	34.24M	30.84M	22.01M	17.12M	25.58M
Short Term Investments	250K	-	-	-	-
Trading Asset Securities, Total	-	20.44M	35.84M	11.05M	197M
Total Cash And Short Term Investments	34.49M	51.28M	57.86M	28.17M	223M
Accounts Receivable, Total	27.61M	25.39M	57.19M	37.14M	46.13M
Other Receivables	15.14K	19.19K	13.66K	1.07K	2.15M
Total Receivables	27.63M	25.41M	57.21M	37.14M	48.27M
Inventory	941K	1.72M	1.35M	1.13M	740K
Prepaid Expenses	622K	3M	2.12M	3.14M	3.61M
Other Current Assets, Total	-	743K	776K	495K	1.28M
Total Current Assets	63.68M	82.15M	119M	70.08M	277M
Gross Property Plant And Equipment	30.23M	41.79M	47.74M	68.48M	69.7M
Accumulated Depreciation	-9.15M	-16.15M	-24.17M	-19.54M	-30.39M
Net Property Plant And Equipment	21.09M	25.63M	23.57M	48.94M	39.3M
Long-term Investments	-	13.54M	-	79.14M	80.14M
Other Intangibles, Total	63.61K	2.14M	61.58M	72.9M	90.38M
Deferred Tax Assets Long-Term	673K	1.88M	449K	2.07M	3.41M
Deferred Charges Long-Term	-	1.7M	-	-	-
Other Long-Term Assets, Total	-	3.74M	3.94M	6.08M	6.08M
Total Assets	85.51M	131M	209M	279M	496M
Liabilities
Accounts Payable, Total	122K	3.75M	4.5M	2.11M	1.75M
Accrued Expenses, Total	4.34M	6.86M	9.13M	9.95M	21.09M
Current Portion of Long-Term Debt	-	-	-	10.06M	-
Current Portion of Leases	-	4.25M	5.11M	6.27M	7.08M
Current Income Taxes Payable	3.15M	3.08M	4.59M	2.42M	6.87M
Unearned Revenue Current, Total	5.49M	10.91M	29.85M	26.92M	28.59M
Other Current Liabilities	5.22M	4.1M	29.5M	15.8M	1.4M
Total Current Liabilities	18.31M	32.95M	82.67M	73.53M	66.78M
Long-Term Debt	-	-	-	18.27M	-
Long-Term Leases	11.71M	14.54M	11.53M	34.63M	27.55M
Pension & Other Post Retirement Benefits	2.81M	3.12M	4.91M	8.66M	12.19M
Other Non Current Liabilities	-	108K	-	-	-
Total Liabilities	32.84M	50.7M	99.11M	135M	107M
Preferred Stock Convertible	210K	210K	-	-	-
Preferred Stock - Others	16.79M	16.79M	-	-	-
Total Preferred Equity	17M	17M	-	-	-
Common Stock, Total	1.02M	1.02M	75M	75M	100M
Additional Paid In Capital	1.95M	1.95M	18.74M	18.74M	235M
Retained Earnings	32.69M	63.87M	15.58M	50.99M	57.37M
Comprehensive Income and Other	-	-3.76M	408K	-977K	-2.39M
Total Common Equity	35.67M	63.09M	110M	144M	389M
Minority Interest	-	-	-	370K	-
Total Equity	52.67M	80.09M	110M	144M	389M
Total Liabilities And Equity	85.51M	131M	209M	279M	496M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.24K	10.24K	10.24K	150M	200M
ECS Total Common Shares Outstanding	10.24K	10.24K	10.24K	150M	200M
Book Value / Share	3.48K	6.16K	10.71K	0.96	1.95
Tangible Book Value	35.6M	60.95M	48.14M	70.86M	299M
Tangible Book Value Per Share	3.48K	5.95K	4.7K	0.47	1.5
Total Debt	11.71M	18.79M	16.64M	69.22M	34.63M
Net Debt	-22.78M	-32.49M	-41.22M	41.05M	-188M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.81M	3.12M	4.91M	8.66M	12.19M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	370K	-
Equity Method Investments, Total	-	-	-	79.14M	80.14M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	941K	1.72M	1.35M	1.13M	-
Machinery, Total	11.28M	13.75M	17.15M	23.24M	24.45M
Full Time Employees	100	148	172	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	21.68M	31.18M	37.58M	35.42M	31.87M
Depreciation & Amortization - CF	4.43M	7.3M	8.2M	9.97M	11.48M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	228K	16.22K	16.31K
Depreciation & Amortization, Total	4.43M	7.3M	8.42M	9.99M	11.49M
Amortization of Deferred Charges, Total - (CF)	40.2K	139K	936K	3.05M	4.07M
(Gain) Loss From Sale Of Asset	-	-84.23K	-14.2K	-46.36K	-35.87K
(Gain) Loss on Sale of Investments - (CF)	-	-74.42K	-734K	-195K	-859K
Asset Writedown & Restructuring Costs	-	63.61K	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	862K	2.96M
Provision and Write-off of Bad Debts	-	-	-	210K	-
Other Operating Activities, Total	1.87M	902K	1.86M	1.21M	8.74M
Change In Accounts Receivable	-	-171K	-30.92M	18.83M	-11.59M
Change In Inventories	179K	-779K	374K	218K	389K
Change In Accounts Payable	5.08M	7.56M	2.55M	-1.79M	8.9M
Change in Other Net Operating Assets	-7.99M	1.29M	18.47M	-4.79M	925K
Cash from Operations	25.28M	47.33M	38.53M	62.96M	56.86M
Capital Expenditure	-4.05M	-2.82M	-3.58M	-6.52M	-1.85M
Sale of Property, Plant, and Equipment	-	136K	15.89K	50.84K	45.18K
Sale (Purchase) of Intangible assets	-92K	-3.98M	-32.91M	-40.38M	-21.57M
Investment in Marketable and Equity Securities, Total	-	-29.19M	11.15M	-42.51M	-202M
Other Investing Activities, Total	-399K	20.69K	70.86K	75.43K	63.27K
Cash from Investing	-4.54M	-35.84M	-25.25M	-89.28M	-226M
Short Term Debt Issued, Total	-	-	-	10M	10M
Long-Term Debt Issued, Total	-	-	-	30M	-
Total Debt Issued	-	-	-	40M	10M
Short Term Debt Repaid, Total	-	-	-	-10M	-10M
Long-Term Debt Repaid, Total	-2.64M	-4.52M	-4.71M	-6.37M	-34.59M
Total Debt Repaid	-2.64M	-4.52M	-4.71M	-16.37M	-44.59M
Issuance of Common Stock	-	-	73.77M	-	241M
Common Dividends Paid	-12.34M	-	-91.17M	-	-25.5M
Common & Preferred Stock Dividends Paid	-12.34M	-	-91.17M	-	-25.5M
Other Financing Activities, Total	-	-	-	-2.21M	-3.45M
Cash from Financing	-14.98M	-4.52M	-22.11M	21.43M	177M
Net Change in Cash	5.76M	6.96M	-8.83M	-4.9M	8.47M
Supplemental Items
Cash Interest Paid	-	-	-	2.71M	2.95M
Cash Income Tax Paid (Refund)	5.04M	8.26M	8.66M	12.18M	10.03M
Levered Free Cash Flow	15.08M	33.78M	20.43M	-6.64M	12.63M
Unlevered Free Cash Flow	15.48M	34.42M	21.01M	-4.94M	14.46M
Change In Net Working Capital	2.02M	-8.7M	-18.29M	825K	9.49M
Net Debt Issued / Repaid	-2.64M	-4.52M	-4.71M	23.63M	-34.59M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	22.06	23.19	17.57	12.19	8.21
Return on Total Capital	28.16	30.73	26.5	17.51	9.98
Return On Equity %	45.17	46.97	39.59	27.8	11.89
Return on Common Equity	69.95	63.14	43.49	27.94	11.95
Margin Analysis
Gross Profit Margin %	44.71	40.61	42.39	50.65	53.43
SG&A Margin	22.23	17.53	21.24	27.38	31.19
EBITDA Margin %	25.38	24.76	22.72	22.08	21.83
EBITA Margin %	23.5	23.08	21.25	20.55	20.33
EBIT Margin %	23.5	23.08	21.15	20.54	20.32
Income From Continuing Operations Margin %	18.55	17.93	16.64	15.23	12.68
Net Income Margin %	18.55	17.93	16.64	15.28	12.73
Net Avail. For Common Margin %	18.55	17.93	16.64	15.28	12.73
Normalized Net Income Margin	14.35	14.05	12.96	11.93	11.29
Levered Free Cash Flow Margin	12.9	19.42	9.05	-2.87	5.04
Unlevered Free Cash Flow Margin	13.24	19.79	9.3	-2.13	5.77
Asset Turnover
Asset Turnover	1.5	1.61	1.33	0.95	0.65
Fixed Assets Turnover	5.49	7.44	9.18	6.39	5.67
Receivables Turnover (Average Receivables)	5.11	6.51	5.42	4.9	5.97
Inventory Turnover (Average Inventory)	62.7	77.6	84.81	92.39	124.77
Short Term Liquidity
Current Ratio	3.48	2.49	1.44	0.95	4.14
Quick Ratio	3.39	2.33	1.39	0.89	4.06
Operating Cash Flow to Current Liabilities	1.38	1.44	0.47	0.86	0.85
Days Sales Outstanding (Average Receivables)	71.38	56.05	67.29	74.64	61.15
Days Outstanding Inventory (Average Inventory)	5.82	4.7	4.3	3.96	2.93
Average Days Payable Outstanding	0.87	6.78	11.6	10.59	6.05
Cash Conversion Cycle (Average Days)	76.34	53.97	59.99	68.01	58.02
Long Term Solvency
Total Debt/Equity	22.24	23.46	15.16	48.03	8.89
Total Debt / Total Capital	18.19	19	13.16	32.44	8.16
LT Debt/Equity	22.24	18.15	10.5	36.7	7.07
Long-Term Debt / Total Capital	18.19	14.7	9.12	24.79	6.5
Total Liabilities / Total Assets	38.4	38.77	47.46	48.38	21.48
EBIT / Interest Expense	42.84	39.01	51.53	17.45	17.36
EBITDA / Interest Expense	49.75	46.11	60.62	21.11	21.28
(EBITDA - Capex) / Interest Expense	43.43	43.37	56.76	18.72	20.65
Total Debt / EBITDA	0.37	0.4	0.3	1.2	0.56
Net Debt / EBITDA	-0.71	-0.68	-0.73	0.71	-3.02
Total Debt / (EBITDA - Capex)	0.42	0.42	0.32	1.36	0.57
Net Debt / (EBITDA - Capex)	-0.82	-0.73	-0.78	0.8	-3.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	46.44	48.79	29.83	2.64	8.05
Gross Profit, 1 Yr. Growth %	36.4	35.15	35.51	22.62	14
EBITDA, 1 Yr. Growth %	21.72	45.18	19.12	-0.23	6.82
EBITA, 1 Yr. Growth %	18.91	46.1	19.53	-0.74	6.9
EBIT, 1 Yr. Growth %	18.91	46.1	18.96	-0.3	6.9
Earnings From Cont. Operations, 1 Yr. Growth %	20.14	43.78	20.54	-6.1	-10.06
Net Income, 1 Yr. Growth %	20.14	43.78	20.54	-5.76	-10
Normalized Net Income, 1 Yr. Growth %	19.17	45.76	19.72	-5.55	2.26
Diluted EPS Before Extra, 1 Yr. Growth %	20.14	-99.28	-84.32	-88.08	-28.27
Accounts Receivable, 1 Yr. Growth %	52.55	-8.05	125.27	-35.05	24.18
Inventory, 1 Yr. Growth %	-15.94	82.79	-21.73	-16.16	-34.46
Net Property, Plant and Equip., 1 Yr. Growth %	-2	21.57	-8.05	107.63	-19.69
Total Assets, 1 Yr. Growth %	21.84	52.96	59.68	33.69	77.65
Tangible Book Value, 1 Yr. Growth %	35.3	71.18	-21.01	47.18	322.1
Common Equity, 1 Yr. Growth %	35.48	76.87	73.94	31.01	170.93
Cash From Operations, 1 Yr. Growth %	26.81	87.2	-18.6	59.58	-9.69
Capital Expenditures, 1 Yr. Growth %	10.38	-30.28	26.81	82.06	-71.6
Levered Free Cash Flow, 1 Yr. Growth %	-	124.02	-39.52	-132.51	-290.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-	122.37	-38.97	-123.49	-392.97
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-11.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	47.61	38.99	15.43	5.31
Gross Profit, 2 Yr. CAGR %	-	35.77	35.33	28.91	18.23
EBITDA, 2 Yr. CAGR %	-	32.93	31.5	9.02	3.24
EBITA, 2 Yr. CAGR %	-	31.81	32.15	8.92	3.01
EBIT, 2 Yr. CAGR %	-	31.81	31.84	8.9	3.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-	31.43	31.65	6.39	-8.1
Net Income, 2 Yr. CAGR %	-	31.43	31.65	6.58	-7.9
Normalized Net Income, 2 Yr. CAGR %	-	31.79	32.1	6.34	-1.72
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-90.71	-96.64	-86.33	-70.76
Accounts Receivable, 2 Yr. CAGR %	-	18.43	43.92	20.96	-10.19
Inventory, 2 Yr. CAGR %	-	23.95	19.61	-18.99	-25.88
Net Property, Plant and Equip., 2 Yr. CAGR %	-	9.15	5.73	38.17	29.13
Total Assets, 2 Yr. CAGR %	-	36.52	56.28	46.11	54.11
Tangible Book Value, 2 Yr. CAGR %	-	52.18	16.28	7.83	149.25
Common Equity, 2 Yr. CAGR %	-	54.8	75.4	50.96	88.4
Cash From Operations, 2 Yr. CAGR %	-	54.07	23.44	15.33	20.04
Capital Expenditures, 2 Yr. CAGR %	-	-12.28	-5.98	51.94	-28.1
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	16.4	-55.66	-21.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	16.5	-62.13	-17.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	41.43	25.63	12.92
Gross Profit, 3 Yr. CAGR %	-	-	35.69	30.95	23.73
EBITDA, 3 Yr. CAGR %	-	-	28.16	19.94	8.28
EBITA, 3 Yr. CAGR %	-	-	27.58	20.13	8.25
EBIT, 3 Yr. CAGR %	-	-	27.38	20.11	8.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	27.7	17.62	0.6
Net Income, 3 Yr. CAGR %	-	-	27.7	17.77	0.74
Normalized Net Income, 3 Yr. CAGR %	-	-	27.64	18.12	4.96
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-88.94	-94.88	-76.24
Accounts Receivable, 3 Yr. CAGR %	-	-	46.74	10.39	22.02
Inventory, 3 Yr. CAGR %	-	-	6.34	6.25	-24.52
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	3.09	32.4	15.31
Total Assets, 3 Yr. CAGR %	-	-	43.84	48.36	55.94
Tangible Book Value, 3 Yr. CAGR %	-	-	22.3	25.79	69.94
Common Equity, 3 Yr. CAGR %	-	-	60.93	59.14	83.45
Cash From Operations, 3 Yr. CAGR %	-	-	24.55	35.54	6.3
Capital Expenditures, 3 Yr. CAGR %	-	-	-0.81	17.19	-13.13
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-23.92	-27.96
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-31.68	-25.11
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	25.69
Gross Profit, 5 Yr. CAGR %	-	-	-	-	28.41
EBITDA, 5 Yr. CAGR %	-	-	-	-	17.54
EBITA, 5 Yr. CAGR %	-	-	-	-	17.12
EBIT, 5 Yr. CAGR %	-	-	-	-	17.11
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	11.95
Net Income, 5 Yr. CAGR %	-	-	-	-	12.05
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	14.97
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-83.7
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	20.57
Inventory, 5 Yr. CAGR %	-	-	-	-	-7.95
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	12.81
Total Assets, 5 Yr. CAGR %	-	-	-	-	47.86
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	62.6
Common Equity, 5 Yr. CAGR %	-	-	-	-	71.4
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	23.32
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-12.79
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-12.94