Income Statement Mitsib Leasing Thailand S.E.

Stocks

MITSIB-R

TH9163010R15

Corporate Financial Services

End-of-day quote Thailand S.E. 2026-08-21			5-day change	1st Jan Change
0.6300 ^THB	-1.56%		+5.00%	+6.78%

08-13	Mitsib Leasing Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-13	Mitsib Leasing Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: MITSIB LEASING

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	343M	255M	408M	509M	305M
Interest And Invest. Income (Rev)	161M	159M	223M	249M	284M
Other Revenues, Total	51.63M	81.18M	55.02M	66.98M	50.95M
Total Revenues	556M	495M	686M	825M	640M
Cost of Goods Sold, Total	333M	238M	365M	445M	292M
Gross Profit	223M	257M	321M	381M	349M
Selling General & Admin Expenses, Total	162M	178M	155M	197M	146M
Provision for Bad Debts	5.74M	8.19M	70.43M	102M	81.64M
Other Operating Expenses	2.23M	3.04M	4.18M	5.06M	4.33M
Other Operating Expenses, Total	170M	189M	229M	304M	232M
Operating Income	52.6M	67.69M	92M	77M	117M
Interest Expense, Total	-29.65M	-33.01M	-45.99M	-53.03M	-48.37M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-29.65M	-33.01M	-45.99M	-53.03M	-48.37M
Income (Loss) On Equity Invest.	-353K	-246K	-	-	-
Other Non Operating Income (Expenses)	-366K	880K	-	-	-
EBT, Excl. Unusual Items	22.24M	35.31M	46M	23.97M	68.61M
Gain (Loss) On Sale Of Investments	-3.04M	-11.1M	-	-	-
EBT, Incl. Unusual Items	19.2M	24.21M	46M	23.97M	68.61M
Income Tax Expense	6.24M	2.73M	10.93M	11.99M	13.75M
Earnings From Continuing Operations	12.95M	21.48M	35.07M	11.99M	54.86M
Net Income to Company	12.95M	21.48M	35.07M	11.99M	54.86M
Minority Interest	57	-155	-537	-99	-166
Net Income - (IS)	12.95M	21.48M	35.07M	11.99M	54.86M
Net Income to Common Incl Extra Items	12.95M	21.48M	35.07M	11.99M	54.86M
Net Income to Common Excl. Extra Items	12.95M	21.48M	35.07M	11.99M	54.86M
Per Share Items
Net EPS - Basic	0.02	0.03	0.04	0.01	0.04
Basic EPS - Continuing Operations	0.02	0.03	0.04	0.01	0.04
Basic Weighted Average Shares Outstanding	788M	788M	788M	1.19B	1.37B
Net EPS - Diluted	0.02	0.03	0.04	0.01	0.04
Diluted EPS - Continuing Operations	0.02	0.03	0.04	0.01	0.04
Diluted Weighted Average Shares Outstanding	788M	788M	788M	1.19B	1.37B
Normalized Basic EPS	0.02	0.03	0.04	0.01	0.03
Normalized Diluted EPS	0.02	0.03	0.04	0.01	0.03
Dividend Per Share	0.01	0	-	0.02	0.02
Payout Ratio	254.67	52.4	5.94	-	37.53
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	59.54M	73.46M	96.76M	80.97M	121M
EBITA	52.6M	67.69M	92M	77M	117M
EBIT	52.6M	67.69M	92M	77M	117M
EBITDAR	-	-	96.91M	-	-
Total Revenues (As Reported)	556M	495M	686M	825M	640M
Effective Tax Rate - (Ratio)	32.52	11.28	23.77	50	20.04
Current Domestic Taxes	9.09M	2.89M	11.24M	9.86M	12.98M
Total Current Taxes	9.09M	2.89M	11.24M	9.86M	12.98M
Deferred Domestic Taxes	-2.85M	-154K	-310K	2.13M	772K
Total Deferred Taxes	-2.85M	-154K	-310K	2.13M	772K
Normalized Net Income	13.9M	22.07M	28.75M	14.98M	42.88M
Interest on Long-Term Debt	668K	393K	186K	563K	493K
Non-Cash Pension Expense	60K	45K	69K	97K	129K
Supplemental Operating Expense Items
Advertising Expense	25.71M	15.33M	44.65M	66.11M	16.52M
Selling and Marketing Expenses	44.44M	35.37M	75.75M	104M	51.64M
General and Administrative Expenses	118M	142M	78.81M	92.54M	93.97M
Net Rental Expense, Total	-	-	154K	-	-
Imputed Operating Lease Interest Expense	-	-	60.17K	-	-
Imputed Operating Lease Depreciation	-	-	93.83K	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	76.17M	32M	21.68M	15.15M	29.61M
Total Cash And Short Term Investments	76.17M	32M	21.68M	15.15M	29.61M
Accounts Receivable, Total	461M	403M	401M	926M	914M
Other Receivables	3.51M	4.33M	9.69M	6.27M	6.39M
Notes Receivable	171M	360M	431M	-	-
Total Receivables	636M	767M	842M	932M	921M
Inventory	31.51M	38.94M	54.5M	41.27M	40.58M
Other Current Assets, Total	20.28M	10.38M	28.81M	10.66M	73.39M
Total Current Assets	764M	849M	947M	999M	1.06B
Gross Property Plant And Equipment	61.11M	44.06M	46.2M	58.74M	61.8M
Accumulated Depreciation	-33.04M	-27.11M	-35.67M	-41.02M	-46.74M
Net Property Plant And Equipment	28.07M	16.95M	10.53M	17.72M	15.06M
Long-term Investments	2.88M	2.63M	-	-	-
Other Intangibles, Total	1.72M	3.13M	6.54M	10.81M	10.16M
Accounts Receivable Long-Term	751M	693M	890M	-	-
Loans Receivable Long-Term	13.86M	11.77M	21.91M	989M	1.02B
Deferred Tax Assets Long-Term	11.58M	11.73M	12.04M	9.96M	9.16M
Other Long-Term Assets, Total	540K	540K	2.2M	61.11M	4.7M
Total Assets	1.57B	1.59B	1.89B	2.09B	2.13B
Liabilities
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	261M	271M	614M	439M	339M
Current Portion of Long-Term Debt	160M	205M	196M	220M	377M
Current Portion of Leases	7.75M	4.91M	1.87M	5.09M	5.93M
Current Income Taxes Payable	5.32M	1.44M	3.83M	8.44M	7.98M
Other Current Liabilities	31.32M	38.96M	30.95M	30.91M	31.71M
Total Current Liabilities	466M	521M	847M	704M	762M
Long-Term Debt	371M	324M	266M	178M	127M
Long-Term Leases	4.57M	352K	-	5.3M	306K
Pension & Other Post Retirement Benefits	3.42M	3.93M	4.99M	6.81M	7.83M
Other Non Current Liabilities	350K	232K	248K	1.55M	1.68M
Total Liabilities	845M	850M	1.12B	895M	898M
Common Stock, Total	375M	375M	394M	686M	686M
Additional Paid In Capital	321M	321M	321M	438M	438M
Retained Earnings	32.64M	42.87M	57.08M	68.83M	103M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	728M	739M	772M	1.19B	1.23B
Minority Interest	681	1.51K	2.05K	1.86K	1.92K
Total Equity	728M	739M	772M	1.19B	1.23B
Total Liabilities And Equity	1.57B	1.59B	1.89B	2.09B	2.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	788M	788M	788M	1.37B	1.37B
ECS Total Common Shares Outstanding	788M	788M	788M	1.37B	1.37B
Book Value / Share	0.92	0.94	0.98	0.87	0.89
Tangible Book Value	727M	736M	765M	1.18B	1.22B
Tangible Book Value Per Share	0.92	0.93	0.97	0.86	0.89
Total Debt	805M	805M	1.08B	847M	849M
Net Debt	729M	773M	1.06B	832M	819M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.42M	3.93M	4.99M	6.81M	7.83M
Debt Equivalent Oper. Leases	-	-	1.23M	-	-
Minority Interest, Total (Incl. Fin. Div)	681	1.51K	2.05K	1.86K	1.92K
Equity Method Investments, Total	2.88M	2.63M	-	-	-
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Work In Process, Total	871K	11M	12.94M	12.13M	9.37M
Inventories - Finished Goods, Total	31.53M	28.04M	42.84M	29.45M	31.54M
Buildings, Total	-	-	-	-	-
Machinery, Total	40.45M	29.77M	31.51M	32M	33.46M
Accumulated Allowance for Doubtful Accounts (Supple)	12.07M	14.91M	13.78M	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12.95M	21.48M	35.07M	11.99M	54.86M
Depreciation & Amortization - CF	14.72M	13.67M	12.28M	13.15M	13.11M
Depreciation & Amortization, Total	14.72M	13.67M	12.28M	13.15M	13.11M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	97.22K	452K	65.05K	3.51M	1.97M
(Gain) Loss on Sale of Investments - (CF)	3.04M	11.1M	1.35M	-	-
Asset Writedown & Restructuring Costs	-56	-407	1.17M	-	-
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	353K	246K	-	-	-
Provision and Write-off of Bad Debts	7.68M	9.91M	70.43M	102M	81.64M
Other Operating Activities, Total	33.36M	44.3M	33.41M	41.61M	36.2M
Change In Accounts Receivable	-131M	-196M	2.58M	3.43M	-127K
Change In Inventories	63.61M	-6.64M	-16.74M	14.19M	677K
Change In Accounts Payable	6.97M	11.56M	-7.18M	-292K	-936K
Change in Other Net Operating Assets	-2.32M	94.14M	-359M	-296M	-95.42M
Cash from Operations	9.7M	4.42M	-226M	-107M	91.97M
Capital Expenditure	-2.52M	-1.48M	-2.52M	-2.26M	-4.4M
Sale of Property, Plant, and Equipment	1.23M	136K	29.62K	21.6K	13.04K
Sale (Purchase) of Intangible assets	-456K	-1.77M	-3.92M	-4.74M	-65.48K
Investment in Marketable and Equity Securities, Total	1M	-	1.28M	-	-
Cash from Investing	-741K	-3.11M	-5.13M	-6.98M	-4.45M
Short Term Debt Issued, Total	256M	162M	576M	647M	234M
Long-Term Debt Issued, Total	223M	166M	310M	84.69M	201M
Total Debt Issued	479M	328M	886M	732M	435M
Short Term Debt Repaid, Total	-247M	-152M	-233M	-777M	-164M
Long-Term Debt Repaid, Total	-132M	-177M	-384M	-207M	-275M
Total Debt Repaid	-379M	-329M	-617M	-983M	-439M
Issuance of Common Stock	-	-	-	409M	-
Common Dividends Paid	-32.99M	-11.26M	-2.08M	-	-20.59M
Common & Preferred Stock Dividends Paid	-32.99M	-11.26M	-2.08M	-	-20.59M
Other Financing Activities, Total	-30.28M	-33.17M	-46.38M	-50.9M	-48.07M
Cash from Financing	36.24M	-45.48M	221M	107M	-73.06M
Net Change in Cash	45.2M	-44.17M	-10.32M	-6.53M	14.46M
Supplemental Items
Cash Interest Paid	30.26M	33.17M	46.38M	50.9M	48.07M
Cash Income Tax Paid (Refund)	5.57M	2.89M	8.85M	7.58M	13.44M
Levered Free Cash Flow	-163M	-93.24M	-79.35M	-52.39M	57.76M
Unlevered Free Cash Flow	-145M	-72.61M	-50.6M	-19.25M	87.99M
Change In Net Working Capital	189M	125M	114M	73.53M	-6.23M
Net Debt Issued / Repaid	99.51M	-1.05M	270M	-251M	-4.41M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.16	2.68	3.31	2.42	3.47
Return on Total Capital	2.2	2.75	3.39	2.47	3.55
Return On Equity %	1.75	2.93	4.64	1.22	4.53
Return on Common Equity	1.75	2.93	4.64	1.22	4.53
Margin Analysis
Gross Profit Margin %	40.14	51.83	46.81	46.14	54.46
SG&A Margin	29.24	35.89	22.54	23.87	22.75
EBITDA Margin %	10.71	14.84	14.1	9.81	18.84
EBITA Margin %	9.47	13.67	13.4	9.33	18.28
EBIT Margin %	9.47	13.67	13.4	9.33	18.28
Income From Continuing Operations Margin %	2.33	4.34	5.11	1.45	8.57
Net Income Margin %	2.33	4.34	5.11	1.45	8.57
Net Avail. For Common Margin %	2.33	4.34	5.11	1.45	8.57
Normalized Net Income Margin	2.5	4.46	4.19	1.82	6.7
Levered Free Cash Flow Margin	-29.36	-18.83	-11.56	-6.35	9.02
Unlevered Free Cash Flow Margin	-26.02	-14.67	-7.37	-2.33	13.75
Asset Turnover
Asset Turnover	0.36	0.31	0.39	0.41	0.3
Fixed Assets Turnover	16.42	21.99	53.28	58.44	39.05
Receivables Turnover (Average Receivables)	0.86	0.59	1.01	0.58	0.33
Inventory Turnover (Average Inventory)	5.29	6.77	7.82	9.28	7.12
Short Term Liquidity
Current Ratio	1.64	1.63	1.12	1.42	1.4
Quick Ratio	1.16	0.84	0.51	1.35	1.25
Operating Cash Flow to Current Liabilities	0.02	0.01	-0.27	-0.15	0.12
Days Sales Outstanding (Average Receivables)	422.3	619.23	359.62	632.02	1.1K
Days Outstanding Inventory (Average Inventory)	68.95	53.92	46.7	39.42	51.24
Long Term Solvency
Total Debt/Equity	110.46	108.99	139.74	71.05	69.18
Total Debt / Total Capital	52.48	52.15	58.29	41.54	40.89
LT Debt/Equity	51.56	43.93	34.51	15.35	10.36
Long-Term Debt / Total Capital	24.5	21.02	14.4	8.97	6.12
Total Liabilities / Total Assets	53.7	53.49	59.17	42.87	42.26
EBIT / Interest Expense	1.77	2.05	2	1.45	2.42
EBITDA / Interest Expense	2.27	2.46	2.27	1.7	2.69
(EBITDA - Capex) / Interest Expense	2.19	2.42	2.21	1.66	2.6
Total Debt / EBITDA	11.95	9.9	10.34	9.4	6.53
Net Debt / EBITDA	10.82	9.5	10.13	9.23	6.3
Total Debt / (EBITDA - Capex)	12.42	10.08	10.6	9.64	6.75
Net Debt / (EBITDA - Capex)	11.24	9.68	10.38	9.47	6.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.23	-10.91	41.41	20.23	-18.12
Gross Profit, 1 Yr. Growth %	-3.61	15.04	28.74	18.5	3.38
EBITDA, 1 Yr. Growth %	-40.15	23.39	52.99	-16.32	48.92
EBITA, 1 Yr. Growth %	-44.17	28.67	60.08	-16.3	51.92
EBIT, 1 Yr. Growth %	-44.17	28.67	60.08	-16.3	51.92
Earnings From Cont. Operations, 1 Yr. Growth %	-49.77	65.85	63.26	-65.83	357.7
Net Income, 1 Yr. Growth %	-49.77	65.84	63.26	-65.83	357.7
Normalized Net Income, 1 Yr. Growth %	-66.07	58.78	89.99	-47.89	186.2
Diluted EPS Before Extra, 1 Yr. Growth %	-49.77	65.85	63.26	-77.44	298.05
Accounts Receivable, 1 Yr. Growth %	38.96	-12.58	-0.46	11.27	-1.25
Inventory, 1 Yr. Growth %	-66.54	23.58	39.96	-24.27	-1.67
Net Property, Plant and Equip., 1 Yr. Growth %	-29.15	-39.61	-30.93	68.28	-14.99
Total Assets, 1 Yr. Growth %	6.58	0.94	18.99	10.46	1.8
Tangible Book Value, 1 Yr. Growth %	-2.63	1.21	4.02	54.47	2.97
Common Equity, 1 Yr. Growth %	-2.68	1.4	4.46	54.57	2.89
Cash From Operations, 1 Yr. Growth %	-115.76	-54.41	-5.22K	-52.9	-186.32
Capital Expenditures, 1 Yr. Growth %	-61.91	-41.41	70.41	-10.29	94.79
Levered Free Cash Flow, 1 Yr. Growth %	-408.31	-42.85	-20.43	-13	-153.06
Unlevered Free Cash Flow, 1 Yr. Growth %	-305.29	-49.79	-36.02	-38.84	-216.23
Dividend Per Share, 1 Yr. Growth %	-65.87	-81.82	-	-	33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.8	0.44	11.14	30.39	-3.44
Gross Profit, 2 Yr. CAGR %	0.73	5.3	20.02	23.52	4.15
EBITDA, 2 Yr. CAGR %	-28.72	-14.07	27.48	13.15	11.63
EBITA, 2 Yr. CAGR %	-31	-15.25	32.24	15.75	12.76
EBIT, 2 Yr. CAGR %	-31	-15.25	32.24	15.75	12.76
Earnings From Cont. Operations, 2 Yr. CAGR %	-55.69	-8.73	64.55	-25.31	25.07
Net Income, 2 Yr. CAGR %	-55.69	-8.73	64.55	-25.31	25.07
Normalized Net Income, 2 Yr. CAGR %	-47.14	-26.6	43.83	-0.5	22.12
Diluted EPS Before Extra, 2 Yr. CAGR %	-58.13	-8.73	64.55	-39.32	-5.25
Accounts Receivable, 2 Yr. CAGR %	5.12	10.22	-6.72	51.55	4.82
Inventory, 2 Yr. CAGR %	-30	-35.69	31.52	2.95	-13.71
Net Property, Plant and Equip., 2 Yr. CAGR %	18.1	-34.59	-38.76	7.81	19.61
Total Assets, 2 Yr. CAGR %	8.42	3.72	9.6	14.65	6.04
Tangible Book Value, 2 Yr. CAGR %	0.03	-0.72	2.61	26.76	26.12
Common Equity, 2 Yr. CAGR %	-0.07	-0.66	2.92	27.07	26.11
Cash From Operations, 2 Yr. CAGR %	-50.16	-73.2	382.9	390.85	-36.24
Capital Expenditures, 2 Yr. CAGR %	-46.65	-52.76	-0.08	23.64	32.19
Levered Free Cash Flow, 2 Yr. CAGR %	72.2	32.74	-30.26	-27.51	-2.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	99.43	1.53	-40.85	-50.66	67.19
Dividend Per Share, 2 Yr. CAGR %	105.08	-75.09	-	140.19	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.92	1.79	11.83	14.09	9.66
Gross Profit, 3 Yr. CAGR %	1.11	5.29	11.56	19.51	11.78
EBITDA, 3 Yr. CAGR %	-19.31	-14.42	-0.92	10.79	24
EBITA, 3 Yr. CAGR %	-21.25	-15.07	-0.8	13.54	26.73
EBIT, 3 Yr. CAGR %	-21.25	-15.07	-0.8	13.54	26.73
Earnings From Cont. Operations, 3 Yr. CAGR %	-38.89	-31.21	10.8	-2.56	36.68
Net Income, 3 Yr. CAGR %	-38.89	-31.21	10.79	-2.56	36.68
Normalized Net Income, 3 Yr. CAGR %	-32.02	-23.73	-11.13	2.53	41.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-44.49	-33.75	10.8	-15.16	13.59
Accounts Receivable, 3 Yr. CAGR %	12.01	-1.14	6.54	26.16	31.38
Inventory, 3 Yr. CAGR %	-10.77	-15.4	-16.66	9.41	1.39
Net Property, Plant and Equip., 3 Yr. CAGR %	15.65	-5.56	-35.71	-14.22	-0.4
Total Assets, 3 Yr. CAGR %	10.26	5.87	8.58	9.89	10.19
Tangible Book Value, 3 Yr. CAGR %	32.73	0.42	0.83	17.6	18.27
Common Equity, 3 Yr. CAGR %	32.48	0.42	1.02	17.86	18.43
Cash From Operations, 3 Yr. CAGR %	-57.04	-51.62	54.31	122.28	175
Capital Expenditures, 3 Yr. CAGR %	-24.67	-44.96	-27.55	-3.6	43.87
Levered Free Cash Flow, 3 Yr. CAGR %	70.15	19.22	14.46	-31.52	-16.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	131.93	25.93	-10.44	-48.94	3.62
Dividend Per Share, 3 Yr. CAGR %	-45.43	-8.55	-	1.61	97.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.65	2.57	6.75	11.94	5.46
Gross Profit, 5 Yr. CAGR %	43.53	8.53	8.29	11.61	8.53
EBITDA, 5 Yr. CAGR %	21.19	-0.31	-3.11	-7.13	3.92
EBITA, 5 Yr. CAGR %	15.24	-0.72	-3.11	-6.97	4.42
EBIT, 5 Yr. CAGR %	15.24	-0.72	-3.11	-6.97	4.42
Earnings From Cont. Operations, 5 Yr. CAGR %	-26.95	-11.41	-9.18	-28.9	16.3
Net Income, 5 Yr. CAGR %	-26.95	-11.41	-9.18	-28.9	16.3
Normalized Net Income, 5 Yr. CAGR %	-22.05	-6.46	-8.26	-21.34	0.92
Diluted EPS Before Extra, 5 Yr. CAGR %	-33.88	-16.37	-14.27	-36.04	4.08
Accounts Receivable, 5 Yr. CAGR %	16.8	8.33	4.11	17.28	22.47
Inventory, 5 Yr. CAGR %	-12.87	1.88	4.21	-8.49	-15.49
Net Property, Plant and Equip., 5 Yr. CAGR %	17.37	-1.96	-10.32	-2.52	-17.59
Total Assets, 5 Yr. CAGR %	12.6	10.55	9.99	9.3	7.56
Tangible Book Value, 5 Yr. CAGR %	21.22	23.79	19.74	10.23	10.27
Common Equity, 5 Yr. CAGR %	20.98	23.56	19.76	10.33	10.39
Cash From Operations, 5 Yr. CAGR %	-40.9	-35.15	13.07	22.23	8.36
Capital Expenditures, 5 Yr. CAGR %	-14.01	-31.69	-15.66	-23.92	-7.85
Levered Free Cash Flow, 5 Yr. CAGR %	13.35	67.26	19.09	-0.97	1.77
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.48	45.9	34.28	-11.94	4.55
Dividend Per Share, 5 Yr. CAGR %	-35.39	-	-	34.56	-13.75