Income Statement Masstec Link

Stocks

MASTEC

THD165010006

Industrial Machinery & Equipment

End-of-day quote Thailand S.E. Other stock markets 2026-07-27			5-day change	1st Jan Change
2.060 ^THB	0.00%		-4.63%	+100.00%

06-02	Masstec Link Public Company Limited Announces Notification of the Establishment of A Subsidiary	CI
05-12	Masstec Link Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

13b8bc956dda54d5e8755e14.N3JA6k1aca2CE49saL9OAv7Oz9WaUItzlcHkLSqW-aE.DyE5pSkMJOHkILZZLI8rcMb7loHXBtg7wpClblDdrehOGgGdGh0G4cMkzg

Published financial data: MASSTEC LINK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	857M	906M	972M	936M	859M
Total Revenues	857M	906M	972M	936M	859M
Cost of Goods Sold, Total	654M	689M	699M	671M	615M
Gross Profit	202M	217M	273M	265M	244M
Selling General & Admin Expenses, Total	183M	193M	203M	191M	195M
Provision for Bad Debts	-	-7.02M	3.96M	14.18M	13.35M
Other Operating Expenses	-4.05M	-2.45M	-4.62M	-3.81M	-3.05M
Other Operating Expenses, Total	179M	183M	202M	201M	205M
Operating Income	23.22M	34.1M	70.73M	63.78M	38.26M
Interest Expense, Total	-9.18M	-10.91M	-17.78M	-15.55M	-11.72M
Interest And Investment Income	527K	415K	624K	680K	677K
Net Interest Expenses	-8.66M	-10.49M	-17.16M	-14.87M	-11.04M
Currency Exchange Gains (Loss)	-20.24M	20.29M	-6.88M	2.59M	1.13M
Other Non Operating Income (Expenses)	-3.98M	-9.56M	7.43M	325K	982K
EBT, Excl. Unusual Items	-9.66M	34.34M	54.13M	51.82M	29.33M
EBT, Incl. Unusual Items	-9.66M	34.34M	54.13M	51.82M	29.33M
Income Tax Expense	-2.58M	4.92M	11.78M	9.91M	6.44M
Earnings From Continuing Operations	-7.08M	29.42M	42.35M	41.92M	22.89M
Net Income to Company	-7.08M	29.42M	42.35M	41.92M	22.89M
Net Income - (IS)	-7.08M	29.42M	42.35M	41.92M	22.89M
Net Income to Common Incl Extra Items	-7.08M	29.42M	42.35M	41.92M	22.89M
Net Income to Common Excl. Extra Items	-7.08M	29.42M	42.35M	41.92M	22.89M
Per Share Items
Net EPS - Basic	-0.04	0.17	0.25	0.2	0.1
Basic EPS - Continuing Operations	-0.04	0.17	0.25	0.2	0.1
Basic Weighted Average Shares Outstanding	170M	170M	170M	212M	236M
Net EPS - Diluted	-0.04	0.17	0.25	0.2	0.1
Diluted EPS - Continuing Operations	-0.04	0.17	0.25	0.2	0.1
Diluted Weighted Average Shares Outstanding	170M	170M	170M	212M	236M
Normalized Basic EPS	-0.04	0.13	0.2	0.15	0.08
Normalized Diluted EPS	-0.04	0.13	0.2	0.15	0.08
Dividend Per Share	0.3	0.3	0.35	0.11	0.14
Payout Ratio	-127.34	203.95	118.41	175.69	43.45
Supplemental Items
EBITDA	35.73M	45.6M	81.29M	74.81M	48.62M
EBITA	23.22M	34.1M	70.73M	64.51M	38.98M
EBIT	23.22M	34.1M	70.73M	63.78M	38.26M
EBITDAR	-	-	-	75.32M	49.7M
Effective Tax Rate - (Ratio)	26.73	14.31	21.76	19.11	21.97
Total Current Taxes	-	5.71M	11.25M	13.54M	7.92M
Total Deferred Taxes	-2.58M	-794K	526K	-3.63M	-1.48M
Normalized Net Income	-6.04M	21.46M	33.83M	32.39M	18.33M
Interest on Long-Term Debt	42.55K	-	-	569K	697K
Non-Cash Pension Expense	329K	379K	305K	327K	405K
Supplemental Operating Expense Items
Marketing Expenses	4.14M	6.62M	4.67M	3.93M	4.57M
Selling and Marketing Expenses	103M	103M	109M	106M	99.29M
General and Administrative Expenses	80.01M	89.86M	93.87M	84.95M	95.84M
Net Rental Expense, Total	-	-	-	506K	1.09M
Imputed Operating Lease Interest Expense	-	-	-	186K	341K
Imputed Operating Lease Depreciation	-	-	-	320K	746K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	21.5M	12.09M	15.39M	27.27M	37.04M
Short Term Investments	4.09M	1.26M	217K	387K	62.43M
Total Cash And Short Term Investments	25.6M	13.35M	15.6M	27.66M	99.47M
Accounts Receivable, Total	223M	246M	220M	221M	204M
Other Receivables	2.35M	3.3M	3.92M	4.08M	2.14M
Notes Receivable	200K	156K	187K	172K	136K
Total Receivables	226M	250M	224M	225M	206M
Inventory	228M	261M	264M	253M	277M
Prepaid Expenses	3M	-	-	2.63M	3.46M
Other Current Assets, Total	1.43M	4.44M	4.31M	2.56M	2.22M
Total Current Assets	484M	528M	508M	511M	588M
Gross Property Plant And Equipment	265M	271M	269M	261M	262M
Accumulated Depreciation	-60.18M	-70.22M	-77.24M	-79.76M	-85.66M
Net Property Plant And Equipment	205M	201M	191M	182M	176M
Other Intangibles, Total	1.55M	1.22M	742K	1.78M	745K
Accounts Receivable Long-Term	2.2M	2.11M	1.61M	4M	4.74M
Deferred Tax Assets Long-Term	12.3M	10.15M	9.63M	13.89M	15.66M
Deferred Charges Long-Term	1.6M	399K	102K	14.95K	-
Other Long-Term Assets, Total	61.06M	61.4M	51.82M	60.47M	59.84M
Total Assets	768M	804M	763M	773M	845M
Liabilities
Accounts Payable, Total	88.3M	84.62M	76.14M	121M	103M
Accrued Expenses, Total	10.31M	13.18M	17.1M	16.96M	18.67M
Short-term Borrowings	294M	354M	339M	284M	261M
Current Portion of Long-Term Debt	14.05M	15.23M	5.66M	3.98M	3.32M
Current Portion of Leases	375K	561K	799K	2.64M	3.67M
Current Income Taxes Payable	-	1.57M	5.49M	7.33M	-
Unearned Revenue Current, Total	9.22M	10.5M	12.79M	8.46M	10.76M
Other Current Liabilities	3.63M	13.36M	7.93M	9.5M	8.08M
Total Current Liabilities	420M	493M	465M	454M	409M
Long-Term Debt	34.29M	19.95M	14.45M	10.54M	6.02M
Long-Term Leases	250K	6.79M	6.81M	10.54M	11.57M
Pension & Other Post Retirement Benefits	25.13M	14.39M	15.34M	19.52M	15.88M
Other Non Current Liabilities	-	-	-	-	621K
Total Liabilities	479M	534M	501M	494M	443M
Common Stock, Total	170M	170M	170M	221M	300M
Additional Paid In Capital	-	-	-	-	32.65M
Retained Earnings	119M	99.8M	92M	57.74M	69.5M
Total Common Equity	289M	270M	262M	279M	402M
Total Equity	289M	270M	262M	279M	402M
Total Liabilities And Equity	768M	804M	763M	773M	845M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	170M	170M	221M	221M	300M
ECS Total Common Shares Outstanding	170M	170M	170M	221M	300M
Book Value / Share	1.7	1.59	1.54	1.26	1.34
Tangible Book Value	287M	269M	261M	277M	401M
Tangible Book Value Per Share	1.69	1.58	1.54	1.25	1.34
Total Debt	343M	397M	366M	311M	286M
Net Debt	317M	383M	351M	284M	187M
Debt Equivalent of Unfunded Proj. Benefit Obligation	25.13M	14.39M	15.34M	19.52M	15.88M
Debt Equivalent Oper. Leases	-	-	-	4.05M	8.7M
Account Code - Inventory Valuation	5	-	5	5	5
Inventories - Raw Materials, Total	876K	20.25K	235K	59.8K	-
Inventories - Work In Process, Total	1.07M	870K	613K	913K	-
Inventories - Finished Goods, Total	222M	267M	264M	246M	272M
Land - (BS)	-	-	-	53.22M	53.22M
Buildings, Total	154M	154M	154M	142M	142M
Machinery, Total	51.09M	52.17M	49.43M	49.62M	43.65M
Full Time Employees	253	-	247	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	22.82M	14.81M	18.18M	31.68M	42.47M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-7.08M	29.42M	42.35M	41.92M	22.89M
Depreciation & Amortization - CF	14.06M	12.33M	11.47M	12.66M	12.63M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	728K	726K
Depreciation & Amortization, Total	14.06M	12.33M	11.47M	13.38M	13.36M
Amortization of Deferred Charges, Total - (CF)	1.26M	1.19M	496K	467K	322K
(Gain) Loss From Sale Of Asset	16.71K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	806K
(Income) Loss On Equity Investments - (CF)	-11.44K	8.2K	7.7K	4.96K	-45.85K
Provision and Write-off of Bad Debts	18.08M	-6.44M	4.25M	14.18M	13.35M
Other Operating Activities, Total	6.94M	13.79M	13.3M	15.79M	-986K
Change In Accounts Receivable	-63.68M	-5M	16.43M	-15.29M	7.58M
Change In Inventories	-12.45M	-44.56M	3.34M	5.7M	-29.25M
Change In Accounts Payable	-13.11M	979K	-1.5M	45.84M	-15.4M
Change in Unearned Revenues	-	-	-	-4.33M	2.3M
Change in Other Net Operating Assets	-8.46M	1.57M	2.33M	-1.13M	-2.38M
Cash from Operations	-64.44M	3.29M	92.5M	117M	12.54M
Capital Expenditure	-20.74M	-874K	-1.27M	-4.35M	-1.34M
Sale of Property, Plant, and Equipment	-	-	57.29K	593K	1.51M
Cash Acquisitions	-	-	-	-	-61.77M
Investment in Marketable and Equity Securities, Total	-2.39M	2.82M	1.04M	-175K	-218K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-63.5K	44K	-30.83K	14.33K	36.5K
Other Investing Activities, Total	-	426K	10.42M	-209K	-196K
Cash from Investing	-23.2M	2.42M	10.21M	-4.13M	-61.97M
Short Term Debt Issued, Total	49.1M	69.03M	-	-	-
Long-Term Debt Issued, Total	25M	-	-	-	-
Total Debt Issued	74.1M	69.03M	-	-	-
Short Term Debt Repaid, Total	-	-	-15.54M	-54.89M	-22.29M
Long-Term Debt Repaid, Total	-26.96M	-13.8M	-15.8M	-7.7M	-8.14M
Total Debt Repaid	-26.96M	-13.8M	-31.34M	-62.59M	-30.43M
Issuance of Common Stock	-	-	-	51M	115M
Common Dividends Paid	-9.01M	-60.01M	-50.15M	-73.64M	-9.94M
Common & Preferred Stock Dividends Paid	-9.01M	-60.01M	-50.15M	-73.64M	-9.94M
Other Financing Activities, Total	-	-10.34M	-17.92M	-15.29M	-14.97M
Cash from Financing	38.14M	-15.13M	-99.41M	-101M	59.2M
Net Change in Cash	-49.5M	-9.41M	3.3M	11.89M	9.77M
Supplemental Items
Cash Interest Paid	8.8M	-	-	-	11.35M
Cash Income Tax Paid (Refund)	5.09M	4.13M	7.33M	11.7M	14.52M
Levered Free Cash Flow	-80.9M	-17.34M	62.42M	92.27M	1.05M
Unlevered Free Cash Flow	-75.17M	-11.13M	73.53M	102M	8.38M
Change In Net Working Capital	84.26M	44.48M	-18.63M	-52.63M	27.88M
Net Debt Issued / Repaid	47.15M	55.23M	-31.34M	-62.59M	-30.43M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.91	2.71	5.64	5.19	2.96
Return on Total Capital	2.37	3.28	6.83	6.54	3.74
Return On Equity %	-2.39	10.54	15.93	15.5	6.72
Return on Common Equity	-2.39	10.54	15.93	15.5	6.72
Margin Analysis
Gross Profit Margin %	23.6	23.97	28.09	28.29	28.37
SG&A Margin	21.37	21.25	20.87	20.37	22.72
EBITDA Margin %	4.17	5.03	8.37	7.99	5.66
EBITA Margin %	2.71	3.76	7.28	6.89	4.54
EBIT Margin %	2.71	3.76	7.28	6.82	4.45
Income From Continuing Operations Margin %	-0.83	3.25	4.36	4.48	2.66
Net Income Margin %	-0.83	3.25	4.36	4.48	2.66
Net Avail. For Common Margin %	-0.83	3.25	4.36	4.48	2.66
Normalized Net Income Margin	-0.7	2.37	3.48	3.46	2.13
Levered Free Cash Flow Margin	-9.44	-1.91	6.42	9.86	0.12
Unlevered Free Cash Flow Margin	-8.77	-1.23	7.57	10.9	0.98
Asset Turnover
Asset Turnover	1.13	1.15	1.24	1.22	1.06
Fixed Assets Turnover	4.18	4.47	4.96	5.02	4.8
Receivables Turnover (Average Receivables)	4.21	3.86	4.17	4.24	4.04
Inventory Turnover (Average Inventory)	2.99	2.82	2.66	2.6	2.32
Short Term Liquidity
Current Ratio	1.15	1.07	1.09	1.13	1.44
Quick Ratio	0.6	0.53	0.52	0.56	0.75
Operating Cash Flow to Current Liabilities	-0.15	0.01	0.2	0.26	0.03
Days Sales Outstanding (Average Receivables)	86.63	94.55	87.53	86.22	90.24
Days Outstanding Inventory (Average Inventory)	121.9	129.46	137.06	141.01	157.12
Average Days Payable Outstanding	48.28	43.73	41.77	54.66	63.84
Cash Conversion Cycle (Average Days)	160.24	180.27	182.82	172.58	183.53
Long Term Solvency
Total Debt/Equity	118.78	147.05	139.84	111.75	71.13
Total Debt / Total Capital	54.29	59.52	58.31	52.77	41.57
LT Debt/Equity	11.97	9.91	8.11	7.56	4.37
Long-Term Debt / Total Capital	5.47	4.01	3.38	3.57	2.56
Total Liabilities / Total Assets	62.42	66.45	65.67	63.94	52.41
EBIT / Interest Expense	2.53	3.13	3.98	4.1	3.26
EBITDA / Interest Expense	4.06	4.26	4.62	4.96	4.4
(EBITDA - Capex) / Interest Expense	1.8	4.18	4.55	4.68	4.29
Total Debt / EBITDA	9.2	8.54	4.46	4.04	5.54
Net Debt / EBITDA	8.51	8.26	4.27	3.68	3.62
Total Debt / (EBITDA - Capex)	20.73	8.71	4.53	4.28	5.69
Net Debt / (EBITDA - Capex)	19.19	8.41	4.33	3.9	3.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.41	5.82	7.2	-3.7	-8.21
Gross Profit, 1 Yr. Growth %	-8.47	7.45	25.63	-3	-7.96
EBITDA, 1 Yr. Growth %	-39.26	27.64	78.28	-7.98	-35.01
EBITA, 1 Yr. Growth %	-56.06	46.89	107.4	-8.81	-39.57
EBIT, 1 Yr. Growth %	-56.06	46.89	107.4	-9.84	-40.02
Earnings From Cont. Operations, 1 Yr. Growth %	-118.96	-515.84	43.94	-1.03	-45.4
Net Income, 1 Yr. Growth %	-118.96	-515.84	43.94	-1.03	-45.4
Normalized Net Income, 1 Yr. Growth %	-120.9	-455.59	57.64	-4.26	-43.41
Diluted EPS Before Extra, 1 Yr. Growth %	-118.96	-515.84	43.94	-20.73	-50.97
Accounts Receivable, 1 Yr. Growth %	21.86	10.28	-10.76	0.62	-7.93
Inventory, 1 Yr. Growth %	9.3	14.19	1.37	-4.29	9.49
Net Property, Plant and Equip., 1 Yr. Growth %	0.1	-2.14	-4.7	-5.07	-3.04
Total Assets, 1 Yr. Growth %	2.68	4.71	-5.09	1.27	9.33
Tangible Book Value, 1 Yr. Growth %	-5.26	-6.44	-2.73	6.01	44.94
Common Equity, 1 Yr. Growth %	-5.28	-6.52	-2.89	6.39	44.28
Cash From Operations, 1 Yr. Growth %	-251.29	-105.11	2.71K	25.99	-89.24
Capital Expenditures, 1 Yr. Growth %	-48.3	-95.79	45.84	241.67	-69.3
Levered Free Cash Flow, 1 Yr. Growth %	-	-78.57	-460.04	47.11	-98.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-85.19	-760.48	38.13	-91.79
Dividend Per Share, 1 Yr. Growth %	456.6	0	18.64	-68.86	28.44
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	5.11	6.51	1.61	-5.98
Gross Profit, 2 Yr. CAGR %	-	-0.83	16.18	10.39	-5.51
EBITDA, 2 Yr. CAGR %	-	-11.95	50.85	28.08	-22.67
EBITA, 2 Yr. CAGR %	-	-19.66	74.55	37.53	-25.76
EBIT, 2 Yr. CAGR %	-	-19.66	74.55	36.75	-26.46
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-11.19	144.65	19.36	-26.49
Net Income, 2 Yr. CAGR %	-	-11.19	144.65	19.36	-26.49
Normalized Net Income, 2 Yr. CAGR %	-	-13.8	136.76	22.85	-26.39
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-11.19	144.66	6.82	-37.66
Accounts Receivable, 2 Yr. CAGR %	-	15.92	-0.8	-5.24	-3.75
Inventory, 2 Yr. CAGR %	-	11.72	7.59	-1.5	2.37
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-1.03	-3.43	-4.88	-4.06
Total Assets, 2 Yr. CAGR %	-	3.69	-0.31	-1.96	5.22
Tangible Book Value, 2 Yr. CAGR %	-	-5.85	-4.6	1.55	23.95
Common Equity, 2 Yr. CAGR %	-	-5.9	-4.72	1.64	23.89
Cash From Operations, 2 Yr. CAGR %	-	-72.19	19.81	494.8	-63.17
Capital Expenditures, 2 Yr. CAGR %	-	-85.24	-75.21	123.22	2.42
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-12.16	130.69	-87.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-1.09	202.66	-66.32
Dividend Per Share, 2 Yr. CAGR %	-	135.92	8.92	-39.21	-36.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	5.81	2.99	-1.78
Gross Profit, 3 Yr. CAGR %	-	-	7.31	9.4	3.9
EBITDA, 3 Yr. CAGR %	-	-	11.39	27.94	2.16
EBITA, 3 Yr. CAGR %	-	-	10.21	40.58	4.56
EBIT, 3 Yr. CAGR %	-	-	10.21	40.05	3.9
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	4.32	80.94	-8.03
Net Income, 3 Yr. CAGR %	-	-	4.32	80.94	-8.03
Normalized Net Income, 3 Yr. CAGR %	-	-	5.42	75.08	-5.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	4.32	68.04	-17.6
Accounts Receivable, 3 Yr. CAGR %	-	-	6.24	-0.33	-6.14
Inventory, 3 Yr. CAGR %	-	-	8.16	3.47	2.03
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-2.27	-3.98	-4.27
Total Assets, 3 Yr. CAGR %	-	-	0.67	0.21	1.66
Tangible Book Value, 3 Yr. CAGR %	-	-	-4.82	-1.19	14.33
Common Equity, 3 Yr. CAGR %	-	-	-4.91	-1.15	14.23
Cash From Operations, 3 Yr. CAGR %	-	-	29.5	21.84	56.16
Capital Expenditures, 3 Yr. CAGR %	-	-	-68.33	-40.57	15.22
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	4.48	-60.7
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	10.71	-9.05
Dividend Per Share, 3 Yr. CAGR %	-	-	87.61	-28.24	-22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	0.92
Gross Profit, 5 Yr. CAGR %	-	-	-	-	1.98
EBITDA, 5 Yr. CAGR %	-	-	-	-	-3.74
EBITA, 5 Yr. CAGR %	-	-	-	-	-5.9
EBIT, 5 Yr. CAGR %	-	-	-	-	-6.25
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	-9.31
Net Income, 5 Yr. CAGR %	-	-	-	-	-9.31
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-8.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-15.1
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	2.13
Inventory, 5 Yr. CAGR %	-	-	-	-	5.8
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-2.99
Total Assets, 5 Yr. CAGR %	-	-	-	-	2.47
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	5.79
Common Equity, 5 Yr. CAGR %	-	-	-	-	5.71
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-21.69
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-49.36
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	21.44