Cash flow Micro Leasing

Stocks

MICRO

TH9943010008

Corporate Financial Services

End-of-day quote Thailand S.E. 2026-09-15			5-day change	1st Jan Change
1.360 ^THB	-2.86%		-7.48%	+65.85%

08-16	Micro Leasing Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-31	Krungsri Securities Upgrades Micro Leasing to Buy from Reduce; Price Target is THB2	MT

0443506d199a052cb72c3ef9459cb.HDr5VYrKnPxr2ZmfX-nbhnocBMuJn25JBLFYLWf5DQE.ZXOwHu68-aYymtvdDL2R2ShKQbuw7CAWYOkWawDPRlNFeKgg5IXZthqy0A

Published financial data: MICRO LEASING

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Interest and Dividend Income, Total	504M	706M	784M	655M	483M
Interest Expense, Total	63.16M	147M	202M	168M	110M
Net Interest Income	441M	559M	582M	487M	373M
Commission and Fees	120M	140M	125M	93.64M	96.27M
Other Revenues, Total	8.55M	7.33M	10.75M	11.89M	21.04M
Revenues Before Provison For Loan Losses	569M	707M	717M	593M	490M
Provision For Loan Losses	111M	160M	211M	172M	46.12M
Total Revenues	459M	547M	507M	421M	444M
Cost of Services Provided, Total	186M	292M	322M	307M	263M
Other Operating Expenses	43.58M	174M	292M	305M	112M
Total Operating Expenses	230M	465M	614M	611M	375M
Operating Income	229M	81.3M	-108M	-190M	69.12M
EBT, Excl. Unusual Items	229M	81.3M	-108M	-190M	69.12M
Other Unusual Items	-1.41M	222K	9.21M	14.1M	1.27M
EBT, Incl. Unusual Items	227M	81.53M	-98.34M	-176M	70.39M
Income Tax Expense	39.98M	16.38M	-18.28M	-32.24M	9.25M
Earnings From Continuing Operations	187M	65.15M	-80.06M	-144M	61.14M
Net Income to Company	187M	65.15M	-80.06M	-144M	61.14M
Minority Interest	-	13.99M	27.52M	-9M	-14.92M
Net Income - (IS)	187M	79.14M	-52.54M	-153M	46.22M
Net Income to Common Incl Extra Items	187M	79.14M	-52.54M	-153M	46.22M
Net Income to Common Excl. Extra Items	187M	79.14M	-52.54M	-153M	46.22M
Per Share Items
Net EPS - Basic	0.2	0.07	-0.06	-0.15	0.05
Basic EPS - Continuing Operations	0.2	0.07	-0.06	-0.15	0.05
Basic Weighted Average Shares Outstanding	935M	1.13B	938M	1.01B	924M
Net EPS - Diluted	0.2	0.07	-0.06	-0.15	0.05
Diluted EPS - Continuing Operations	0.2	0.07	-0.06	-0.15	0.05
Diluted Weighted Average Shares Outstanding	935M	1.13B	938M	1.01B	924M
Normalized Basic EPS	0.15	0.06	-0.04	-0.13	0.03
Normalized Diluted EPS	0.15	0.06	-0.04	-0.13	0.03
Dividend Per Share	0.08	0.04	-	-	0.03
Payout Ratio	27.43	90.97	-64.06	-	-
Supplemental Items
Total Revenues (As Reported)	632M	854M	919M	761M	600M
Effective Tax Rate - (Ratio)	17.58	20.09	18.59	18.28	13.14
Current Domestic Taxes	47.02M	59.7M	49.67M	3.5M	3.61M
Total Current Taxes	47.02M	59.7M	49.67M	3.5M	3.61M
Deferred Domestic Taxes	-7.05M	-43.33M	-67.96M	-35.74M	5.64M
Total Deferred Taxes	-7.05M	-43.33M	-67.96M	-35.74M	5.64M
Normalized Net Income	143M	64.8M	-39.7M	-128M	28.28M
Non-Cash Pension Expense	86K	166K	264K	425K	213K
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	-	-	-	-	2.14M
Total Stock-Based Compensation	-	-	-	-	2.14M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	142M	290M	426M	517M	520M
Loans and Lease Receivables - (FS Template)	3.63B	4.73B	4.32B	3.24B	2.38B
Other Receivables	14.61M	45.56M	24.39M	23.71M	38.16M
Gross Property Plant And Equipment	171M	199M	188M	187M	208M
Accumulated Depreciation	-46.2M	-49.12M	-55.11M	-62.79M	-68.86M
Net Property Plant And Equipment	124M	150M	133M	124M	139M
Other Intangibles, Total	6.34M	8.84M	12.5M	14.31M	12.48M
Other Current Assets, Total	18.49M	97.22M	160M	107M	26.68M
Deferred Tax Assets Long-Term (Collected)	30.4M	73.73M	142M	175M	169M
Other Long-Term Assets, Total	64.81M	120M	156M	126M	124M
Total Assets	4.03B	5.51B	5.37B	4.33B	3.41B
Liabilities
Accounts Payable, Total	38.54M	51.71M	33.72M	14.08M	11.72M
Accrued Expenses, Total	28.73M	61.04M	38.26M	24.46M	21.57M
Short-Term Borrowings	206M	30M	-	-	-
Current Portion of Long-Term Debt	261M	946M	1.24B	1.28B	652M
Current Portion of Leases	10.08M	13.55M	10.2M	8.05M	6.77M
Long-Term Debt	1.43B	2.17B	1.83B	939M	595M
Long-Term Leases	18.06M	16.07M	9.71M	11.29M	5.27M
Current Income Taxes Payable	29.64M	25.02M	18.27M	1.29M	2.21M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	40.05M	41.83M	38.37M	33.34M	35.97M
Pension & Other Post Retirement Benefits	9.79M	14.05M	22.17M	15.65M	17.42M
Total Liabilities	2.08B	3.36B	3.24B	2.33B	1.35B
Common Stock, Total	935M	935M	935M	935M	935M
Additional Paid In Capital	373M	373M	373M	373M	375M
Retained Earnings	651M	658M	571M	429M	477M
Total Common Equity	1.96B	1.97B	1.88B	1.74B	1.79B
Minority Interest	-	182M	252M	261M	276M
Total Equity	1.96B	2.15B	2.13B	2B	2.06B
Total Liabilities And Equity	4.03B	5.51B	5.37B	4.33B	3.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	935M	935M	935M	935M	935M
ECS Total Common Shares Outstanding	935M	935M	935M	935M	935M
Book Value / Share	2.09	2.1	2.01	1.86	1.91
Tangible Book Value	1.95B	1.96B	1.87B	1.72B	1.77B
Tangible Book Value Per Share	2.09	2.09	2	1.84	1.9
Total Debt	1.93B	3.17B	3.09B	2.24B	1.26B
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.79M	14.04M	22.17M	15.65M	17.42M
Net Debt	1.79B	2.88B	2.67B	1.72B	739M
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	187M	79.14M	-52.54M	-153M	46.22M
Depreciation, Depletion & Amortization	18.42M	23.71M	25.37M	21M	16.17M
Total Depreciation, Depletion & Amortization	18.42M	23.71M	25.37M	21M	16.17M
Amortization of Deferred Charges, Total	1.66M	2.49M	3.46M	3.67M	3.81M
(Gain) Loss On Sale of Asset - (CF)	-26.03M	-36.16M	-729K	127K	-216K
Total Asset Writedown	-	320K	2.11M	10.45M	-10.21M
Provision for Credit Losses	128M	192M	264M	218M	118M
Stock-Based Compensation (CF)	-	-	-	-	2.14M
Change in Accounts Payable	22.9M	24.6M	-45.47M	-28.69M	6.63M
Change in Other Net Operating Assets (Collected)	-1.32B	-1.49B	-38.93M	1.02B	762M
Other Operating Activities	83M	223M	213M	84.35M	148M
Cash from Operations	-908M	-980M	370M	1.18B	1.09B
Capital Expenditure	-34.5M	-36.36M	-3.94M	-3.61M	-30.21M
Sale of Property, Plant, and Equipment	963K	1.75M	757K	32.4K	216K
Purchase / Sale of Intangible Assets	-3.11M	-5.23M	-7.47M	-5.47M	-1.17M
Investment in Marketable and Equity Securities, Total	-	-	-	-60M	60M
Other Investing Activities, Total	-25M	-55M	-17.32K	23.02M	-20M
Cash from Investing	-61.65M	-94.84M	-10.67M	-46.04M	8.84M
Short Term Debt Issued, Total	6.8M	-	-	-	-
Long-Term Debt Issued, Total	1.79B	2.03B	943M	402M	271M
Total Debt Issued	1.8B	2.03B	943M	402M	271M
Short Term Debt Repaid, Total	-185M	-176M	-30M	-	-
Long-Term Debt Repaid, Total	-517M	-617M	-1B	-1.27B	-1.25B
Total Debt Repaid	-702M	-793M	-1.03B	-1.27B	-1.25B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-51.42M	-71.99M	-33.66M	-	-
Common & Preferred Stock Dividends Paid	-51.42M	-71.99M	-33.66M	-	-
Other Financing Activities, Total	-63.61M	60.58M	-102M	-174M	-117M
Cash from Financing	983M	1.22B	-224M	-1.04B	-1.1B
Net Change in Cash	13.15M	149M	136M	92.43M	960K
Supplemental Items
Cash Interest Paid	52.89M	120M	194M	171M	115M
Cash Income Tax Paid (Refund)	42.06M	64.41M	56.53M	30.42M	-7.44M
Net Debt Issued / Repaid	1.1B	1.23B	-88.33M	-869M	-984M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	5.52	1.36	-1.47	-2.97	1.58
Return On Equity %	9.92	3.17	-3.74	-6.98	3.01
Return on Common Equity	9.92	4.03	-2.73	-8.47	2.62
Margin Analysis
Gross Profit Margin %	59.41	46.66	36.42	27.14	40.74
SG&A Margin	-	-	-	-	-
Income From Continuing Operations Margin %	40.88	11.92	-15.8	-34.27	13.77
Net Income Margin %	40.88	14.48	-10.37	-36.41	10.41
Net Avail. For Common Margin %	40.88	14.48	-10.37	-36.41	10.41
Normalized Net Income Margin	31.19	11.86	-7.84	-30.44	6.37
Asset Turnover
Asset Turnover	0.14	0.11	0.09	0.09	0.11
Short Term Liquidity
Current Ratio	6.2	4.41	3.58	2.85	4.07
Quick Ratio	6.17	4.33	3.47	2.77	4.03
Operating Cash Flow to Current Liabilities	-1.48	-0.84	0.27	0.87	1.5
Long Term Solvency
Total Debt/Equity	98.52	147.62	145.05	112.04	60.98
Total Debt / Total Capital	49.63	59.62	59.19	52.84	37.88
LT Debt/Equity	74.16	101.57	86.52	47.54	29.07
Long-Term Debt / Total Capital	37.35	41.02	35.31	22.42	18.06
Total Liabilities / Total Assets	51.46	61.04	60.34	53.81	39.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.68	19.18	-7.29	-16.98	5.55
Gross Profit, 1 Yr. Growth %	19.88	-6.4	-27.63	-38.14	58.45
Earnings From Cont. Operations, 1 Yr. Growth %	38.77	-65.25	-222.88	80.06	-142.41
Net Income, 1 Yr. Growth %	38.77	-57.79	-166.39	191.5	-130.18
Normalized Net Income, 1 Yr. Growth %	22.82	-54.69	-161.27	222.54	-122.08
Diluted EPS Before Extra, 1 Yr. Growth %	13.32	-65	-180	171.43	-133.33
Common Equity, 1 Yr. Growth %	7.42	0.36	-4.39	-7.58	2.91
Total Assets, 1 Yr. Growth %	46.44	36.61	-2.49	-19.51	-21.15
Tangible Book Value, 1 Yr. Growth %	7.38	0.24	-4.6	-7.73	3.05
Cash From Operations, 1 Yr. Growth %	234.3	7.9	-137.82	218.71	-7.45
Capital Expenditures, 1 Yr. Growth %	212.78	5.38	-89.16	-8.31	736.15
Dividend Per Share, 1 Yr. Growth %	40	-53.25	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	30.76	19.93	5.12	-12.27	-6.39
Gross Profit, 2 Yr. CAGR %	37.2	5.93	-17.7	-33.09	-0.99
Earnings From Cont. Operations, 2 Yr. CAGR %	30.08	-30.55	-34.65	48.75	-12.61
Net Income, 2 Yr. CAGR %	30.08	-23.46	-47.06	39.11	-6.2
Normalized Net Income, 2 Yr. CAGR %	28.42	-25.41	-47.31	40.57	-15.6
Diluted EPS Before Extra, 2 Yr. CAGR %	12.55	-37.1	-47.08	47.36	-5.51
Common Equity, 2 Yr. CAGR %	34.67	3.83	-2.04	-6	-2.47
Total Assets, 2 Yr. CAGR %	38.01	41.44	15.41	-11.41	-20.33
Tangible Book Value, 2 Yr. CAGR %	34.79	3.75	-2.21	-6.18	-2.49
Cash From Operations, 2 Yr. CAGR %	61	89.92	-36.12	9.79	71.75
Capital Expenditures, 2 Yr. CAGR %	-10.8	81.55	-66.21	-68.48	176.89
Dividend Per Share, 2 Yr. CAGR %	-	-19.1	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.31	26.78	10.07	-2.84	-6.69
Gross Profit, 3 Yr. CAGR %	27.72	20.78	-6.7	-25.17	-10.82
Earnings From Cont. Operations, 3 Yr. CAGR %	27.74	-16.22	-16	-8.38	-2.09
Net Income, 3 Yr. CAGR %	27.74	-10.61	-27.01	-6.52	-16.41
Normalized Net Income, 3 Yr. CAGR %	25.32	-9.26	-30.14	-3.62	-24.15
Diluted EPS Before Extra, 3 Yr. CAGR %	10.15	-23.81	-31.85	-8.74	-10.61
Common Equity, 3 Yr. CAGR %	26.43	22.1	1.02	-3.92	-3.12
Total Assets, 3 Yr. CAGR %	37.95	37.54	24.95	2.35	-14.78
Tangible Book Value, 3 Yr. CAGR %	26.43	22.12	0.89	-4.08	-3.2
Cash From Operations, 3 Yr. CAGR %	133.24	40.89	10.91	9.15	3.71
Capital Expenditures, 3 Yr. CAGR %	98.01	-5.7	-29.05	-52.87	-5.99
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-9.14
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	30.88	29.13	17.92	9.42	3.16
Gross Profit, 5 Yr. CAGR %	30.26	22.43	7.13	-4.64	-4.46
Earnings From Cont. Operations, 5 Yr. CAGR %	30.39	2.19	-2.3	5.41	-14.66
Net Income, 5 Yr. CAGR %	30.39	6.24	-10.19	6.69	-19.31
Normalized Net Income, 5 Yr. CAGR %	29.11	6.56	-11.39	8.1	-24.65
Diluted EPS Before Extra, 5 Yr. CAGR %	15.05	-9.75	-17.89	-0.8	-22.33
Common Equity, 5 Yr. CAGR %	25.89	23.73	14.17	9.97	-0.39
Total Assets, 5 Yr. CAGR %	27.81	33.31	28.45	15.35	4.36
Tangible Book Value, 5 Yr. CAGR %	25.9	23.69	14.09	9.9	-0.48
Cash From Operations, 5 Yr. CAGR %	19.27	78.34	38.94	27.51	32.11
Capital Expenditures, 5 Yr. CAGR %	103.03	42.91	-2.38	-39.17	22.32
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-13.26