Income Statement MDX

Stocks

MDX

TH0294010002

Real Estate Development & Operations

End-of-day quote Thailand S.E. 2026-10-01			5-day change	1st Jan Change
3.580 ^THB	+1.13%		+4.07%	+46.72%

08-14	Mdx Public Company Limited Appoints Mr. Bordin Unakul as Independent Director, Effective 14 August 2026	CI
08-14	MDX Public Company Limited Announces CFO Changes	CI

524c348a9090de2ced9a1.1AHeyMyS_gvZOVC4cbWQSJVyxT0ZVx2bt5E2e1hNqjc.-UaxjpvnkEWXfwPsNNn5IMwZjnRXM3ro_cZjLyAa2HyFa679-_-fZLxRCQ

Published financial data: MDX

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	341M	314M	286M	253M	381M
Total Revenues	341M	314M	286M	253M	381M
Cost of Goods Sold, Total	173M	171M	182M	176M	231M
Gross Profit	168M	142M	103M	77.24M	150M
Selling General & Admin Expenses, Total	349M	429M	374M	387M	398M
Provision for Bad Debts	-22.62M	8.17M	-9.32M	-18.44M	-20.06M
Other Operating Expenses	-10.58M	-3.33M	-2.06M	-15.36M	-6.59M
Other Operating Expenses, Total	316M	434M	363M	354M	371M
Operating Income	-147M	-292M	-259M	-276M	-222M
Interest Expense, Total	-8.37M	-8.14M	-7.97M	-9.98M	-12.52M
Interest And Investment Income	12.87M	35.77M	101M	71.81M	69.13M
Net Interest Expenses	4.5M	27.64M	92.7M	61.83M	56.61M
Income (Loss) On Equity Invest.	779M	600M	415M	581M	715M
Other Non Operating Income (Expenses)	-	-	-	4.04M	-
EBT, Excl. Unusual Items	636M	336M	248M	370M	550M
Gain (Loss) On Sale Of Investments	6.25M	864K	-399K	-7.69M	-1.58M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-11.39M
Legal Settlements	-	-211M	-	-	-
EBT, Incl. Unusual Items	642M	126M	248M	363M	537M
Income Tax Expense	44.03M	8.64M	1.02M	-4.28M	25.85M
Earnings From Continuing Operations	598M	117M	247M	367M	511M
Net Income to Company	598M	117M	247M	367M	511M
Minority Interest	-195M	-51.56M	-97.25M	-137M	-167M
Net Income - (IS)	404M	65.73M	149M	230M	344M
Net Income to Common Incl Extra Items	404M	65.73M	149M	230M	344M
Net Income to Common Excl. Extra Items	404M	65.73M	149M	230M	344M
Per Share Items
Net EPS - Basic	0.98	0.16	0.36	0.56	0.84
Basic EPS - Continuing Operations	0.98	0.16	0.36	0.56	0.84
Basic Weighted Average Shares Outstanding	411M	411M	411M	411M	411M
Net EPS - Diluted	0.98	0.16	0.36	0.56	0.84
Diluted EPS - Continuing Operations	0.98	0.16	0.36	0.56	0.84
Diluted Weighted Average Shares Outstanding	411M	411M	411M	411M	411M
Normalized Basic EPS	0.49	0.39	0.14	0.23	0.43
Normalized Diluted EPS	0.49	0.39	0.14	0.23	0.43
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-127M	-233M	-195M	-200M	-164M
EBITA	-147M	-292M	-259M	-276M	-222M
EBIT	-147M	-292M	-259M	-276M	-222M
EBITDAR	-108M	-217M	-195M	-199M	-162M
Total Revenues (As Reported)	341M	314M	286M	253M	381M
Effective Tax Rate - (Ratio)	6.85	6.86	0.41	-1.18	4.81
Total Current Taxes	41.41M	9.36M	671K	9.07M	23.09M
Total Deferred Taxes	2.63M	-723K	351K	-13.35M	2.76M
Normalized Net Income	203M	158M	57.85M	94.55M	177M
Interest on Long-Term Debt	8.37M	8.14M	7.97M	9.98M	12.52M
Non-Cash Pension Expense	1.07M	1.61M	2.14M	2.29M	1.98M
Supplemental Operating Expense Items
Selling and Marketing Expenses	8.26M	6.23M	4.87M	5.04M	24.01M
General and Administrative Expenses	341M	423M	369M	382M	374M
Net Rental Expense, Total	19.32M	16M	807K	813K	1.12M
Imputed Operating Lease Interest Expense	5.83M	6.28M	428K	470K	746K
Imputed Operating Lease Depreciation	13.5M	9.72M	379K	344K	371K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	910M	2.1B	2.62B	2.44B	3.26B
Short Term Investments	1.17B	477M	159M	684M	109M
Total Cash And Short Term Investments	2.08B	2.57B	2.78B	3.12B	3.37B
Accounts Receivable, Total	18.15M	16.86M	15.98M	16.76M	15.8M
Other Receivables	321M	28.41M	45.28M	29.34M	41.64M
Total Receivables	339M	45.26M	61.26M	46.1M	57.44M
Inventory	428M	413M	409M	554M	500M
Prepaid Expenses	4.28M	3.93M	4.31M	6.93M	4.36M
Other Current Assets, Total	138K	557K	394K	96.52K	1.31M
Total Current Assets	2.85B	3.04B	3.25B	3.73B	3.93B
Gross Property Plant And Equipment	384M	380M	375M	530M	530M
Accumulated Depreciation	-208M	-208M	-224M	-240M	-252M
Net Property Plant And Equipment	176M	172M	151M	290M	279M
Long-term Investments	3.02B	3.17B	3.18B	2.77B	2.48B
Other Intangibles, Total	649K	572K	538K	482K	496K
Deferred Tax Assets Long-Term	9.16M	9.44M	8.94M	20.9M	-
Other Long-Term Assets, Total	646M	634M	599M	831M	1.13B
Total Assets	6.7B	7.02B	7.2B	7.64B	7.82B
Liabilities
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	54.17M	59.89M	73.52M	98.66M	102M
Short-term Borrowings	-	8.24M	4.76M	1.23M	-
Current Portion of Long-Term Debt	189M	106M	106M	106M	106M
Current Portion of Leases	6.37M	6.72M	2.31M	21.27M	22.85M
Current Income Taxes Payable	26.12M	2.84M	-	5.85M	8.27M
Unearned Revenue Current, Total	-	-	-	64.5M	73.02M
Other Current Liabilities	43.73M	26.98M	46.8M	20.61M	42.69M
Total Current Liabilities	319M	211M	234M	318M	355M
Long-Term Debt	1.75M	1.75M	1.75M	1.75M	1.75M
Long-Term Leases	9.03M	2.31M	-	30.77M	7.92M
Pension & Other Post Retirement Benefits	105M	92.19M	85.95M	88.36M	88.27M
Deferred Tax Liability Non Current	6.81M	53.76M	47.68M	47.26M	25.99M
Other Non Current Liabilities	64.63M	64.66M	65.35M	66.07M	67.28M
Total Liabilities	506M	426M	434M	553M	546M
Common Stock, Total	4.76B	4.76B	4.76B	4.76B	4.76B
Retained Earnings	-747M	-676M	-527M	-296M	45.31M
Treasury Stock	-646M	-646M	-646M	-646M	-646M
Comprehensive Income and Other	50.69M	241M	202M	188M	-5.31M
Total Common Equity	3.41B	3.68B	3.79B	4B	4.15B
Minority Interest	2.78B	2.92B	2.98B	3.09B	3.12B
Total Equity	6.2B	6.6B	6.76B	7.09B	7.27B
Total Liabilities And Equity	6.7B	7.02B	7.2B	7.64B	7.82B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	411M	411M	411M	411M	411M
ECS Total Common Shares Outstanding	411M	411M	411M	411M	411M
Book Value / Share	8.31	8.94	9.21	9.74	10.1
Tangible Book Value	3.41B	3.67B	3.79B	4B	4.15B
Tangible Book Value Per Share	8.3	8.94	9.21	9.74	10.1
Total Debt	206M	125M	115M	161M	139M
Net Debt	-2.04B	-2.62B	-2.83B	-2.96B	-3.23B
Debt Equivalent of Unfunded Proj. Benefit Obligation	105M	92.19M	85.95M	88.36M	88.27M
Debt Equivalent Oper. Leases	155M	128M	6.45M	6.51M	8.94M
Minority Interest, Total (Incl. Fin. Div)	2.78B	2.92B	2.98B	3.09B	3.12B
Equity Method Investments, Total	2.64B	2.77B	2.81B	2.77B	2.48B
Account Code - Inventory Valuation	5	5	5	3	3
Inventories - Raw Materials, Total	763K	760K	509K	-	-
Inventories - Work In Process, Total	430M	413M	409M	553M	500M
Inventories - Others	-	-	-	375K	286K
Land - (BS)	177K	177K	177K	67.86M	67.86M
Buildings, Total	165M	168M	174M	175M	180M
Machinery, Total	176M	165M	172M	182M	196M
Accumulated Allowance for Doubtful Accounts (Supple)	19.67M	20.44M	21.19M	21.27M	21.35M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	404M	65.73M	149M	230M	344M
Depreciation & Amortization - CF	25.8M	64.48M	69.81M	75.91M	79.9M
Amortization of Goodwill and Intangible Assets - (CF)	53.92K	85.35K	81.14K	79.69K	86.82K
Depreciation & Amortization, Total	25.85M	64.56M	69.89M	75.99M	79.98M
(Gain) Loss From Sale Of Asset	-553K	-791K	-513K	1.79M	-151K
(Gain) Loss on Sale of Investments - (CF)	-6.25M	-998K	399K	-2.54M	1.58M
Asset Writedown & Restructuring Costs	1.16M	795	14.81M	69.9K	11.39M
(Income) Loss On Equity Investments - (CF)	-779M	-600M	-415M	-581M	-715M
Provision and Write-off of Bad Debts	-22.62M	8.17M	-9.32M	-18.44M	-20.06M
Other Operating Activities, Total	222M	293M	16.53M	87.45M	157M
Change In Accounts Receivable	-309M	287M	-10.36M	-18.39M	-28.19M
Change In Inventories	14.29M	17.05M	4.12M	-144M	53.69M
Change In Accounts Payable	3.81M	-12.74M	28.39M	38.33M	2.36M
Change in Other Net Operating Assets	-8.16M	-93.63M	-31.08M	-19.07M	-31.43M
Cash from Operations	-455M	27.43M	-182M	-350M	-144M
Capital Expenditure	-16.08M	-15.64M	-17.89M	-109M	-348M
Sale of Property, Plant, and Equipment	556K	792K	513K	2.67M	558K
Cash Acquisitions	-	-	-	118M	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-393K	-2.37M	-390K	-	-193K
Sale (Purchase) of Intangible assets	-422K	-20.01M	-40.1K	-23.39K	-101K
Investment in Marketable and Equity Securities, Total	-243M	892M	368M	-392M	576M
Other Investing Activities, Total	451M	378M	395M	616M	882M
Cash from Investing	191M	1.23B	745M	235M	1.11B
Short Term Debt Issued, Total	-	10M	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	158M
Total Debt Issued	-	10M	-	-	158M
Short Term Debt Repaid, Total	-	-1.76M	-3.48M	-3.53M	-1.23M
Long-Term Debt Repaid, Total	-31.6M	-89.52M	-6.93M	-18.03M	-182M
Total Debt Repaid	-31.6M	-91.28M	-10.41M	-21.56M	-183M
Other Financing Activities, Total	-15.99M	-30.55M	-24.69M	-22.04M	-26.36M
Cash from Financing	-47.59M	-112M	-35.1M	-43.61M	-51.22M
Foreign Exchange Rate Adjustments	71.81M	37.99M	-5.54M	11.82M	-94.82M
Net Change in Cash	-240M	1.19B	522M	-147M	820M
Supplemental Items
Cash Interest Paid	727K	41.87K	121K	65.4K	3.25K
Cash Income Tax Paid (Refund)	22.29M	-8M	12.02M	11.77M	11.9M
Levered Free Cash Flow	-338M	116M	-96.45M	-275M	-335M
Unlevered Free Cash Flow	-332M	121M	-91.47M	-268M	-327M
Change In Net Working Capital	250M	-274M	-18.69M	62.32M	-79.94M
Net Debt Issued / Repaid	-31.6M	-81.28M	-10.41M	-21.56M	-24.85M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-1.46	-2.66	-2.28	-2.33	-1.8
Return on Total Capital	-1.53	-2.78	-2.38	-2.44	-1.89
Return On Equity %	10.33	1.83	3.69	5.3	7.12
Return on Common Equity	12.87	1.85	4.01	5.91	8.45
Margin Analysis
Gross Profit Margin %	49.36	45.39	36.19	30.48	39.29
SG&A Margin	102.35	136.82	130.91	152.84	104.51
EBITDA Margin %	-37.39	-74.26	-68.33	-79.03	-42.96
EBITA Margin %	-43.24	-92.95	-90.71	-108.99	-58.2
EBIT Margin %	-43.25	-92.98	-90.74	-109.02	-58.22
Income From Continuing Operations Margin %	175.58	37.38	86.31	144.85	134.2
Net Income Margin %	118.5	20.95	52.29	90.79	90.38
Net Avail. For Common Margin %	118.5	20.95	52.29	90.79	90.38
Normalized Net Income Margin	59.59	50.46	20.24	37.31	46.43
Levered Free Cash Flow Margin	-99.07	36.85	-33.74	-108.4	-87.94
Unlevered Free Cash Flow Margin	-97.53	38.47	-32	-105.94	-85.89
Asset Turnover
Asset Turnover	0.05	0.05	0.04	0.03	0.05
Fixed Assets Turnover	1.94	1.8	1.77	1.15	1.34
Receivables Turnover (Average Receivables)	19.73	17.93	17.41	15.48	23.4
Inventory Turnover (Average Inventory)	0.4	0.41	0.44	0.37	0.44
Short Term Liquidity
Current Ratio	8.93	14.4	13.93	11.71	11.07
Quick Ratio	7.58	12.42	12.15	9.95	9.65
Operating Cash Flow to Current Liabilities	-1.43	0.13	-0.78	-1.1	-0.41
Days Sales Outstanding (Average Receivables)	18.5	20.36	20.96	23.65	15.6
Days Outstanding Inventory (Average Inventory)	919.56	895.83	822.89	1K	831.46
Average Days Payable Outstanding	-	-	-	-	-
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	3.33	1.9	1.7	2.28	1.91
Total Debt / Total Capital	3.22	1.86	1.67	2.22	1.87
LT Debt/Equity	0.17	0.06	0.03	0.46	0.13
Long-Term Debt / Total Capital	0.17	0.06	0.03	0.45	0.13
Total Liabilities / Total Assets	7.55	6.06	6.04	7.23	6.98
EBIT / Interest Expense	-17.6	-35.86	-32.54	-27.69	-17.71
EBITDA / Interest Expense	-14.52	-27.92	-23.77	-20.07	-11.32
(EBITDA - Capex) / Interest Expense	-16.44	-29.84	-26.02	-31.04	-39.13
Total Debt / EBITDA	-1.7	-0.55	-0.61	-0.81	-0.98
Net Debt / EBITDA	16.79	11.51	14.92	14.79	22.78
Total Debt / (EBITDA - Capex)	-1.5	-0.52	-0.55	-0.52	-0.28
Net Debt / (EBITDA - Capex)	14.83	10.77	13.63	9.56	6.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.05	-7.94	-8.89	-11.36	50.79
Gross Profit, 1 Yr. Growth %	7.6	-15.35	-27.36	-25.33	95.81
EBITDA, 1 Yr. Growth %	24.42	73.82	-16.16	5.68	-25.07
EBITA, 1 Yr. Growth %	-6.97	89.43	-11.09	6.51	-20.19
EBIT, 1 Yr. Growth %	-6.96	89.42	-11.08	6.5	-20.19
Earnings From Cont. Operations, 1 Yr. Growth %	177.15	-80.4	110.36	48.77	39.24
Net Income, 1 Yr. Growth %	171.33	-83.73	127.41	53.91	49.62
Normalized Net Income, 1 Yr. Growth %	156.58	-22.05	-63.46	63.45	87.02
Diluted EPS Before Extra, 1 Yr. Growth %	171.33	-83.73	127.41	53.91	49.62
Accounts Receivable, 1 Yr. Growth %	10.6	-7.12	-5.17	4.86	-5.75
Inventory, 1 Yr. Growth %	-3.23	-3.34	-1.04	35.31	-9.7
Net Property, Plant and Equip., 1 Yr. Growth %	0.54	-2.24	-12.45	92.34	-3.98
Total Assets, 1 Yr. Growth %	13.51	4.76	2.49	6.15	2.64
Tangible Book Value, 1 Yr. Growth %	19.15	7.66	3.01	5.71	3.7
Common Equity, 1 Yr. Growth %	19.16	7.66	3.01	5.71	3.7
Cash From Operations, 1 Yr. Growth %	330.32	-106.02	-765.35	92.63	-58.8
Capital Expenditures, 1 Yr. Growth %	-0.29	-2.79	14.41	486.4	218.3
Levered Free Cash Flow, 1 Yr. Growth %	5.4K	-133.83	-183.42	182.53	21.5
Unlevered Free Cash Flow, 1 Yr. Growth %	48.04K	-135.87	-175.78	191.03	21.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.35	-2.13	-8.42	-10.13	15.43
Gross Profit, 2 Yr. CAGR %	32.3	-4.56	-21.58	-26.35	20.27
EBITDA, 2 Yr. CAGR %	-10.65	50.81	20.72	-7.29	-7.09
EBITA, 2 Yr. CAGR %	-18.1	35.68	29.78	-2.69	-7.54
EBIT, 2 Yr. CAGR %	-18.09	35.69	29.78	-2.69	-7.54
Earnings From Cont. Operations, 2 Yr. CAGR %	143.38	-26.3	-35.79	76.9	43.92
Net Income, 2 Yr. CAGR %	141.33	-33.55	-39.16	87.08	51.75
Normalized Net Income, 2 Yr. CAGR %	157.44	41.42	-46.63	-22.72	74.84
Diluted EPS Before Extra, 2 Yr. CAGR %	141.33	-33.55	-39.16	87.08	51.75
Accounts Receivable, 2 Yr. CAGR %	7.32	1.35	-6.15	-0.28	-0.58
Inventory, 2 Yr. CAGR %	-4.64	-3.29	-2.2	15.72	10.54
Net Property, Plant and Equip., 2 Yr. CAGR %	7.5	-0.86	-7.48	29.77	35.9
Total Assets, 2 Yr. CAGR %	9	9.05	3.62	4.3	4.24
Tangible Book Value, 2 Yr. CAGR %	12.1	13.26	5.31	4.35	4.7
Common Equity, 2 Yr. CAGR %	12.1	13.26	5.31	4.35	4.7
Cash From Operations, 2 Yr. CAGR %	53.16	-49.09	-36.69	257.24	-10.92
Capital Expenditures, 2 Yr. CAGR %	-28.32	-1.55	5.46	164.56	332.03
Levered Free Cash Flow, 2 Yr. CAGR %	87.64	334.16	-46.88	54.13	85.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	91.15	1.22K	-47.87	49.13	88.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.34	6.37	-4.44	-9.41	6.67
Gross Profit, 3 Yr. CAGR %	-2.66	14	-12.86	-22.85	1.66
EBITDA, 3 Yr. CAGR %	47.07	13.43	24	14.32	-11.12
EBITA, 3 Yr. CAGR %	14.09	9.9	17.85	21.51	-8.74
EBIT, 3 Yr. CAGR %	14.1	9.91	17.86	21.5	-8.74
Earnings From Cont. Operations, 3 Yr. CAGR %	0.44	5.1	4.55	-15.03	63.33
Net Income, 3 Yr. CAGR %	0.52	-1.77	0.14	-17.1	73.66
Normalized Net Income, 3 Yr. CAGR %	6.68	72.87	-9.93	-22.5	3.75
Diluted EPS Before Extra, 3 Yr. CAGR %	0.52	-1.77	0.14	-17.1	73.66
Accounts Receivable, 3 Yr. CAGR %	-5.15	2.27	-0.87	-2.61	-2.14
Inventory, 3 Yr. CAGR %	-3.24	-4.21	-2.54	8.98	6.54
Net Property, Plant and Equip., 3 Yr. CAGR %	8.13	4.15	-4.88	18.08	17.37
Total Assets, 3 Yr. CAGR %	5.03	7.57	6.81	4.46	3.65
Tangible Book Value, 3 Yr. CAGR %	7.43	10.6	9.73	5.45	4.14
Common Equity, 3 Yr. CAGR %	7.44	10.6	9.74	5.44	4.13
Cash From Operations, 3 Yr. CAGR %	63.72	-47.91	19.92	-8.39	73.89
Capital Expenditures, 3 Yr. CAGR %	-11.29	-20.65	3.51	89.49	181.38
Levered Free Cash Flow, 3 Yr. CAGR %	371.17	6.43	150.53	-7.03	42.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	234.49	9.88	409.76	-7.26	39.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.16	3.27	-4.82	-0.56	3.06
Gross Profit, 5 Yr. CAGR %	7.41	2.83	-10.72	-4.28	-0.88
EBITDA, 5 Yr. CAGR %	-3.87	5.39	37.28	4.64	9.82
EBITA, 5 Yr. CAGR %	-3.88	4.17	21.18	4.68	6.95
EBIT, 5 Yr. CAGR %	-8.06	4.18	21.19	4.69	6.95
Earnings From Cont. Operations, 5 Yr. CAGR %	55.17	-21.15	-16.02	29.44	18.81
Net Income, 5 Yr. CAGR %	49.35	-23.48	-17.77	27.11	18.25
Normalized Net Income, 5 Yr. CAGR %	52.38	27.57	-19.13	25.27	17.44
Diluted EPS Before Extra, 5 Yr. CAGR %	49.35	-23.48	-17.77	27.11	18.25
Accounts Receivable, 5 Yr. CAGR %	-2.15	-2.98	-5.55	1.24	-0.76
Inventory, 5 Yr. CAGR %	-3.34	-3.68	-2.82	3.31	2.49
Net Property, Plant and Equip., 5 Yr. CAGR %	5.11	5.76	1.59	13.73	9.71
Total Assets, 5 Yr. CAGR %	4.35	6.02	4.46	6.25	5.78
Tangible Book Value, 5 Yr. CAGR %	9.2	9.31	6.58	8.06	7.69
Common Equity, 5 Yr. CAGR %	9.21	9.31	6.58	8.06	7.69
Cash From Operations, 5 Yr. CAGR %	14.51	-37.01	11.96	12.52	6.39
Capital Expenditures, 5 Yr. CAGR %	-14.53	13.38	-4.94	28.45	84.87
Levered Free Cash Flow, 5 Yr. CAGR %	22.96	4.06	97.27	23.43	122.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	22.65	5.67	59.42	24.16	242.85