Income Statement Proud Real Estate

Stocks

PROUD

TH0797B10Y00

Homebuilding

End-of-day quote Thailand S.E. 2026-10-08			5-day change	1st Jan Change
1.130 ^THB	-0.88%		0.00%	+28.41%

08-12	Proud Real Estate Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-12	Proud Real Estate Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: PROUD REAL ESTATE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	-	2.11B	1.51B	2.22B	6.37B
Other Revenues, Total	3.15M	1.59M	25.81M	46.57M	39.63M
Total Revenues	3.15M	2.11B	1.53B	2.27B	6.41B
Cost of Goods Sold, Total	-	1.34B	983M	1.76B	4.98B
Gross Profit	3.15M	769M	551M	511M	1.43B
Selling General & Admin Expenses, Total	102M	397M	362M	414M	991M
Other Operating Expenses, Total	102M	397M	362M	414M	991M
Operating Income	-98.83M	373M	188M	96.9M	438M
Interest Expense, Total	-1.59M	-16.22M	-28.49M	-32.64M	-112M
Interest And Investment Income	471K	336K	2.37M	4.27M	2.75M
Net Interest Expenses	-1.11M	-15.89M	-26.13M	-28.37M	-109M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-15.57M	-52.55M	-636K	-67.08K	-
EBT, Excl. Unusual Items	-116M	304M	162M	68.46M	328M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	-116M	304M	162M	68.46M	328M
Income Tax Expense	-18.27M	75.72M	59.28M	11.84M	160M
Earnings From Continuing Operations	-97.24M	229M	102M	56.62M	168M
Net Income to Company	-97.24M	229M	102M	56.62M	168M
Net Income - (IS)	-97.24M	229M	102M	56.62M	168M
Net Income to Common Incl Extra Items	-97.24M	229M	102M	56.62M	168M
Net Income to Common Excl. Extra Items	-97.24M	229M	102M	56.62M	168M
Per Share Items
Net EPS - Basic	-0.15	0.36	0.12	0.06	0.17
Basic EPS - Continuing Operations	-0.15	0.36	0.12	0.06	0.17
Basic Weighted Average Shares Outstanding	641M	642M	835M	974M	974M
Net EPS - Diluted	-0.15	0.36	0.12	0.06	0.17
Diluted EPS - Continuing Operations	-0.15	0.36	0.12	0.06	0.17
Diluted Weighted Average Shares Outstanding	641M	642M	835M	974M	974M
Normalized Basic EPS	-0.11	0.3	0.12	0.04	0.21
Normalized Diluted EPS	-0.11	0.3	0.12	0.04	0.21
Dividend Per Share	-	-	-	-	0.09
Payout Ratio	-	-	84.52	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-95.11M	381M	214M	139M	456M
EBITA	-98.83M	373M	188M	96.9M	438M
EBIT	-98.83M	373M	188M	96.9M	438M
EBITDAR	-94.38M	384M	220M	148M	468M
Total Revenues (As Reported)	3.15M	2.11B	1.53B	2.27B	6.41B
Effective Tax Rate - (Ratio)	15.82	24.89	36.7	17.3	48.86
Current Domestic Taxes	-	57.61M	65.45M	44.19M	29.85M
Total Current Taxes	-	57.61M	65.45M	44.19M	29.85M
Deferred Domestic Taxes	-18.27M	18.12M	-6.17M	-32.35M	130M
Total Deferred Taxes	-18.27M	18.12M	-6.17M	-32.35M	130M
Normalized Net Income	-72.19M	190M	101M	42.79M	205M
Interest Capitalized	39M	45M	177M	311M	180M
Interest on Long-Term Debt	686K	444K	34.88M	64.27M	312K
Non-Cash Pension Expense	16.95K	45.54K	45.15K	102K	127K
Supplemental Operating Expense Items
Advertising Expense	1.83M	88.3M	62.84M	26.88M	58.73M
Selling and Marketing Expenses	288K	166M	210M	202M	697M
General and Administrative Expenses	102M	231M	152M	212M	294M
Net Rental Expense, Total	724K	3.22M	6.31M	8.98M	11.13M
Imputed Operating Lease Interest Expense	208K	1.27M	3.11M	4.39M	5.5M
Imputed Operating Lease Depreciation	516K	1.95M	3.19M	4.59M	5.63M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	289M	199M	867M	485M	454M
Total Cash And Short Term Investments	289M	199M	867M	485M	454M
Accounts Receivable, Total	-	103M	-	-	-
Other Receivables	2.16M	5.62M	17.96M	46.55M	98.1M
Notes Receivable	-	-	-	-	-
Total Receivables	2.16M	108M	17.96M	46.55M	98.1M
Inventory	3.42B	2.76B	8.17B	9.2B	6.37B
Prepaid Expenses	4.05M	12.19M	24.89M	44.7M	26.97M
Other Current Assets, Total	206M	100M	605M	513M	188M
Total Current Assets	3.92B	3.18B	9.68B	10.29B	7.14B
Gross Property Plant And Equipment	26.46M	66.66M	120M	107M	130M
Accumulated Depreciation	-5.52M	-13.91M	-50.5M	-74.79M	-84.48M
Net Property Plant And Equipment	20.94M	52.74M	69.67M	31.88M	45.35M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	4.6M	4.78M	4.24M	4.54M	5.37M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	45.2M	27.09M	238M	270M	140M
Other Long-Term Assets, Total	1.51M	2.61M	5.6M	59.75M	164M
Total Assets	3.99B	3.27B	10B	10.66B	7.49B
Liabilities
Accounts Payable, Total	95.25M	20.75M	259M	212M	218M
Accrued Expenses, Total	15.02M	169M	160M	240M	212M
Short-term Borrowings	19.68M	85.12M	40.14M	14.84M	17.45M
Current Portion of Long-Term Debt	102M	1.21M	120M	519M	1.91B
Current Portion of Leases	5.99M	6.11M	6.29M	4.74M	2.25M
Current Income Taxes Payable	-	-	33.41M	19.49M	12.01M
Unearned Revenue Current, Total	657M	400M	1.76B	2.22B	1.28B
Other Current Liabilities	594M	50.96M	584M	577M	153M
Total Current Liabilities	1.49B	733M	2.97B	3.8B	3.81B
Long-Term Debt	1.26B	991M	5.4B	5.14B	1.84B
Long-Term Leases	3.27M	3.56M	8.09M	3.84M	1.34M
Pension & Other Post Retirement Benefits	2.05M	3.38M	4.22M	5.61M	7.8M
Other Non Current Liabilities	27.15M	50.47M	111M	141M	98.94M
Total Liabilities	2.78B	1.78B	8.49B	9.09B	5.76B
Preferred Stock Redeemable	611M	664M	-	-	-
Total Preferred Equity	611M	664M	-	-	-
Common Stock, Total	641M	641M	974M	974M	974M
Additional Paid In Capital	264M	264M	513M	513M	513M
Retained Earnings	-309M	-80.66M	21.59M	78.21M	246M
Total Common Equity	596M	824M	1.51B	1.57B	1.73B
Total Equity	1.21B	1.49B	1.51B	1.57B	1.73B
Total Liabilities And Equity	3.99B	3.27B	10B	10.66B	7.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	641M	641M	974M	974M	974M
ECS Total Common Shares Outstanding	641M	641M	974M	974M	974M
Book Value / Share	0.93	1.29	1.55	1.61	1.78
Tangible Book Value	591M	820M	1.5B	1.56B	1.73B
Tangible Book Value Per Share	0.92	1.28	1.54	1.6	1.77
Total Debt	1.39B	1.09B	5.57B	5.68B	3.77B
Net Debt	1.1B	888M	4.71B	5.2B	3.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.05M	3.38M	4.22M	5.61M	7.8M
Debt Equivalent Oper. Leases	5.79M	25.79M	50.44M	71.84M	89.01M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	3	3
Inventories - Work In Process, Total	3.34B	2.72B	7.95B	9.05B	6.35B
Inventories - Others	195K	195K	-	-	-
Buildings, Total	-	-	83.99M	69.86M	70.27M
Machinery, Total	15.35M	56.4M	20.44M	22.42M	20.65M
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	-97.24M	229M	102M	56.62M	168M
Depreciation & Amortization - CF	15.02M	17M	34.56M	48.49M	23.85M
Depreciation & Amortization, Total	15.02M	17M	34.56M	48.49M	23.85M
Amortization of Deferred Charges, Total - (CF)	683K	2.12M	812K	8.63M	2.12M
(Gain) Loss From Sale Of Asset	947K	4.69K	147K	-	393K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	15.04M	-1.38M	-392K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	253	-	-	-	-
Other Operating Activities, Total	-37.27M	33.7M	-78.91M	-288M	-49.46M
Change In Accounts Receivable	8.12K	-106M	101M	-37.2M	11.16M
Change In Inventories	-1.17B	668M	-3.71B	-772M	2.66B
Change In Accounts Payable	75.94M	-39.32M	778M	88.03M	-320M
Change in Unearned Revenues	297M	-257M	1.36B	451M	-931M
Change in Other Net Operating Assets	-64.15M	269M	-648M	78.51M	364M
Cash from Operations	-975M	816M	-2.04B	-367M	1.93B
Capital Expenditure	-1.19M	-37.69M	-52.28M	-8.91M	-25.67M
Sale of Property, Plant, and Equipment	715K	20.39K	-	-	-
Sale (Purchase) of Intangible assets	-299K	-806K	-130K	-1.27M	-1.36M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-474	-476	-1.44K	194K	-
Cash from Investing	-774K	-38.48M	-52.42M	-9.99M	-27.03M
Short Term Debt Issued, Total	5.58M	474M	2.15B	1.08B	2.61M
Long-Term Debt Issued, Total	522M	-	90M	357M	2.89B
Total Debt Issued	528M	474M	2.24B	1.44B	2.9B
Short Term Debt Repaid, Total	-	-	-57M	-25.3M	-
Long-Term Debt Repaid, Total	-8.08M	-1.33B	-43.33M	-1.42B	-3.91B
Total Debt Repaid	-8.08M	-1.33B	-100M	-1.44B	-3.91B
Issuance of Common Stock	-	-	582M	-	-
Issuance of Preferred Stock	600M	-	-	-	-
Common Dividends Paid	-	-	-86.42M	-	-
Common & Preferred Stock Dividends Paid	-	-	-86.42M	-	-
Other Financing Activities, Total	-17.15M	-11.88M	126M	-4.7M	-918M
Cash from Financing	1.1B	-867M	2.76B	-5.98M	-1.93B
Net Change in Cash	127M	-89.41M	668M	-383M	-30.66M
Supplemental Items
Cash Interest Paid	35.2M	59.87M	119M	266M	240M
Cash Income Tax Paid (Refund)	1.9M	59.26M	45.58M	62.47M	87.85M
Levered Free Cash Flow	-949M	126M	-3.59B	-478M	1.91B
Unlevered Free Cash Flow	-948M	135M	-3.57B	-466M	1.98B
Change In Net Working Capital	900M	77.56M	3.67B	565M	-1.71B
Net Debt Issued / Repaid	520M	-855M	2.14B	-1.27M	-1.02B

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-2.06	6.42	1.77	0.59	3.01
Return on Total Capital	-2.97	9.01	2.44	0.85	4.29
Return On Equity %	-10.23	16.96	6.82	3.68	10.18
Return on Common Equity	-15.08	32.18	8.77	3.68	10.18
Margin Analysis
Gross Profit Margin %	100	36.46	35.89	22.53	22.3
SG&A Margin	3.24K	18.8	23.62	18.25	15.47
EBITDA Margin %	-3.02K	18.06	13.96	6.11	7.12
EBITA Margin %	-3.14K	17.66	12.28	4.27	6.83
EBIT Margin %	-3.14K	17.66	12.28	4.27	6.83
Income From Continuing Operations Margin %	-3.09K	10.83	6.67	2.5	2.62
Net Income Margin %	-3.09K	10.83	6.67	2.5	2.62
Net Avail. For Common Margin %	-3.09K	10.83	6.67	2.5	2.62
Normalized Net Income Margin	-2.29K	9.01	6.58	1.89	3.2
Levered Free Cash Flow Margin	-30.15K	5.96	-233.88	-21.09	29.8
Unlevered Free Cash Flow Margin	-30.11K	6.38	-232.73	-20.55	30.87
Asset Turnover
Asset Turnover	0	0.58	0.23	0.22	0.71
Fixed Assets Turnover	0.14	57.27	25.06	44.66	165.92
Receivables Turnover (Average Receivables)	-	-	-	-	-
Inventory Turnover (Average Inventory)	-	0.43	0.18	0.2	0.64
Short Term Liquidity
Current Ratio	2.63	4.34	3.26	2.71	1.87
Quick Ratio	0.2	0.42	0.3	0.14	0.15
Operating Cash Flow to Current Liabilities	-0.65	1.11	-0.69	-0.1	0.51
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Days Outstanding Inventory (Average Inventory)	-	841.11	2.03K	1.81K	570.8
Average Days Payable Outstanding	-	30.76	8	31.02	36.55
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	115.11	73.07	369.53	362.97	217.66
Total Debt / Total Capital	53.51	42.22	78.7	78.4	68.52
LT Debt/Equity	104.54	66.86	358.47	328.57	106.44
Long-Term Debt / Total Capital	48.6	38.63	76.35	70.97	33.51
Total Liabilities / Total Assets	69.73	54.49	84.91	85.31	76.87
EBIT / Interest Expense	-62.32	22.97	6.61	2.97	3.9
EBITDA / Interest Expense	-52.85	24.02	7.82	4.45	4.12
(EBITDA - Capex) / Interest Expense	-53.6	21.69	5.99	4.18	3.89
Total Debt / EBITDA	-16.58	2.79	25.02	39.08	8.17
Net Debt / EBITDA	-13.14	2.28	21.12	35.74	7.19
Total Debt / (EBITDA - Capex)	-16.35	3.09	32.68	41.63	8.66
Net Debt / (EBITDA - Capex)	-12.95	2.52	27.6	38.08	7.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-98.41	66.95K	-27.3	47.84	182.51
Gross Profit, 1 Yr. Growth %	-93.89	24.35K	-28.44	-7.23	179.65
EBITDA, 1 Yr. Growth %	76.47	-500.72	-43.8	-35.26	229.12
EBITA, 1 Yr. Growth %	74	-477.1	-49.47	-48.54	351.52
EBIT, 1 Yr. Growth %	74	-477.1	-49.47	-48.54	351.52
Earnings From Cont. Operations, 1 Yr. Growth %	116.96	-335.01	-55.25	-44.63	196.41
Net Income, 1 Yr. Growth %	116.96	-335.01	-55.25	-44.63	196.41
Normalized Net Income, 1 Yr. Growth %	91.03	-363.39	-46.91	-57.62	379.36
Diluted EPS Before Extra, 1 Yr. Growth %	116.96	-334.21	-65.61	-52.55	196.42
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Inventory, 1 Yr. Growth %	107.86	-19.1	195.57	12.5	-30.77
Net Property, Plant and Equip., 1 Yr. Growth %	-14.36	151.86	32.1	-54.24	42.23
Total Assets, 1 Yr. Growth %	99.27	-18.01	205.77	6.58	-29.71
Tangible Book Value, 1 Yr. Growth %	-14.1	38.62	83.54	3.74	10.68
Common Equity, 1 Yr. Growth %	-14.05	38.35	82.99	3.75	10.71
Cash From Operations, 1 Yr. Growth %	-952.26	-183.67	-349.88	-82.02	-626.74
Capital Expenditures, 1 Yr. Growth %	-79.38	3.07K	38.71	-82.96	188.11
Levered Free Cash Flow, 1 Yr. Growth %	-1.04K	-113.27	-2.95K	-86.53	-527.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.03K	-114.2	-2.75K	-86.81	-555.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-83.06	226.58	2.11K	3.67	104.37
Gross Profit, 2 Yr. CAGR %	-76.54	286.36	1.22K	-18.52	61.07
EBITDA, 2 Yr. CAGR %	75.22	165.92	50.07	-39.68	45.97
EBITA, 2 Yr. CAGR %	75.99	156.16	38.03	-49.01	52.43
EBIT, 2 Yr. CAGR %	75.99	156.16	38.03	-49.01	52.43
Earnings From Cont. Operations, 2 Yr. CAGR %	55.75	125.81	2.55	-50.22	28.11
Net Income, 2 Yr. CAGR %	55.75	125.81	2.55	-50.22	28.11
Normalized Net Income, 2 Yr. CAGR %	66.63	124.31	18.26	-52.56	42.53
Diluted EPS Before Extra, 2 Yr. CAGR %	34.48	125.73	-10.22	-59.61	18.6
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Inventory, 2 Yr. CAGR %	48.73	29.67	54.63	82.48	-11.75
Net Property, Plant and Equip., 2 Yr. CAGR %	54.63	46.86	82.4	-22.25	-19.32
Total Assets, 2 Yr. CAGR %	52.49	27.82	58.34	80.52	-13.45
Tangible Book Value, 2 Yr. CAGR %	-10.26	9.12	59.51	37.99	7.16
Common Equity, 2 Yr. CAGR %	-10.14	9.04	59.11	37.79	7.17
Cash From Operations, 2 Yr. CAGR %	-17.25	167.03	44.59	-32.96	-2.67
Capital Expenditures, 2 Yr. CAGR %	-57.71	155.63	563	-51.38	-29.93
Levered Free Cash Flow, 2 Yr. CAGR %	-17.25	11.8	94.47	94.96	-26.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	-17.19	14.8	94.1	86.1	-25.18
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-68.75	167.92	97.93	796.57	44.81
Gross Profit, 3 Yr. CAGR %	-43.85	137.82	120.24	445.52	22.91
EBITDA, 3 Yr. CAGR %	44.32	130.85	58.4	13.39	6.19
EBITA, 3 Yr. CAGR %	42.9	126.89	49.11	-0.65	5.49
EBIT, 3 Yr. CAGR %	42.9	126.89	49.11	-0.65	5.49
Earnings From Cont. Operations, 3 Yr. CAGR %	33.32	78.64	31.65	-16.5	-9.78
Net Income, 3 Yr. CAGR %	33.32	78.64	31.65	-16.5	-9.78
Normalized Net Income, 3 Yr. CAGR %	45.05	94.11	38.76	-16	2.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.12	61.94	20.59	-27.41	-21.5
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Inventory, 3 Yr. CAGR %	168.59	21.41	70.66	39.14	32.1
Net Property, Plant and Equip., 3 Yr. CAGR %	50.16	81.94	41.77	15.04	-4.91
Total Assets, 3 Yr. CAGR %	132.64	24	70.95	38.77	31.82
Tangible Book Value, 3 Yr. CAGR %	68.96	3.73	29.77	38.2	28.21
Common Equity, 3 Yr. CAGR %	68.38	3.76	29.58	37.98	28.1
Cash From Operations, 3 Yr. CAGR %	350.85	-16.95	161.19	-27.82	33.28
Capital Expenditures, 3 Yr. CAGR %	162.47	78.29	108.5	95.66	-12.02
Levered Free Cash Flow, 3 Yr. CAGR %	188.94	-55.05	229.07	-20.41	147.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	194.74	-54	227.02	-21.07	144.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-60.29	71.64	71.6	83.26	100.48
Gross Profit, 5 Yr. CAGR %	-46.21	93.85	98.7	54.95	94.33
EBITDA, 5 Yr. CAGR %	76.27	58.98	46.6	34.95	53.3
EBITA, 5 Yr. CAGR %	251.22	55.2	40.93	24.88	50.43
EBIT, 5 Yr. CAGR %	251.22	55.2	40.93	24.88	50.43
Earnings From Cont. Operations, 5 Yr. CAGR %	279.14	38.23	20.04	7.15	30.22
Net Income, 5 Yr. CAGR %	279.14	38.23	20.04	7.15	30.22
Normalized Net Income, 5 Yr. CAGR %	146.8	44.89	33.67	10.48	40.25
Diluted EPS Before Extra, 5 Yr. CAGR %	174.14	4.7	-10.71	-7.06	19.79
Accounts Receivable, 5 Yr. CAGR %	-	52.66	-	-	-
Inventory, 5 Yr. CAGR %	70.69	72.16	115.37	42.9	31.12
Net Property, Plant and Equip., 5 Yr. CAGR %	11.24	44.06	62.31	29.49	13.15
Total Assets, 5 Yr. CAGR %	57.84	60.46	99.46	44.1	30.21
Tangible Book Value, 5 Yr. CAGR %	34.8	37.99	65.11	16.28	20.2
Common Equity, 5 Yr. CAGR %	34.37	37.7	64.61	16.23	20.1
Cash From Operations, 5 Yr. CAGR %	77.31	124.17	186.07	-23.77	75.99
Capital Expenditures, 5 Yr. CAGR %	35.99	225.49	280.23	6.02	34.8
Levered Free Cash Flow, 5 Yr. CAGR %	108.8	129.57	146.62	-19.16	80.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	100.12	90.56	149.38	-19.54	80.91