Income Statement Quality Construction Products

Stocks

Q-CON

TH0760010007

Construction Materials

End-of-day quote Thailand S.E. 2026-09-15			5-day change	1st Jan Change
6.000 ^THB	0.00%		0.00%	-7.69%

08-10	Quality Construction Products Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-08	Quality Construction Products posts qtrly profit of 50.3 million baht	RE

8728bd9e88a996ff9f1d.E7K1Cp-PmyZNAayEzDUrWHQprp44h06y799euzftnoA.cdTPJ-a8rF4INtTrm3h-ARF_nqpO_hGBlesR82_f07hExP5u8tfMYytg3w

Published financial data: QUALITY CONSTRUCTION PRODUCTS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.63B	2.3B	3.18B	2.39B	1.88B
Total Revenues	1.63B	2.3B	3.18B	2.39B	1.88B
Cost of Goods Sold, Total	1.31B	1.75B	2.07B	1.6B	1.38B
Gross Profit	326M	549M	1.11B	791M	493M
Selling General & Admin Expenses, Total	170M	184M	206M	208M	203M
Other Operating Expenses	-21.59M	-23.55M	-54.26M	-50.45M	-20.99M
Other Operating Expenses, Total	148M	161M	152M	158M	182M
Operating Income	177M	388M	961M	633M	311M
Interest Expense, Total	-1.11M	-1.03M	-1.38M	-1.57M	-1.37M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.11M	-1.03M	-1.38M	-1.57M	-1.37M
Currency Exchange Gains (Loss)	269K	220K	-401K	2.22M	1.49M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	177M	387M	960M	634M	311M
Asset Writedown	-2.48M	-1.82M	-2.61M	-3.04M	-
EBT, Incl. Unusual Items	174M	386M	957M	631M	311M
Income Tax Expense	30.51M	77.68M	192M	127M	62.67M
Earnings From Continuing Operations	144M	308M	765M	504M	249M
Net Income to Company	144M	308M	765M	504M	249M
Minority Interest	-	-	-	-	-
Net Income - (IS)	144M	308M	765M	504M	249M
Net Income to Common Incl Extra Items	144M	308M	765M	504M	249M
Net Income to Common Excl. Extra Items	144M	308M	765M	504M	249M
Per Share Items
Net EPS - Basic	0.36	0.77	1.91	1.26	0.62
Basic EPS - Continuing Operations	0.36	0.77	1.91	1.26	0.62
Basic Weighted Average Shares Outstanding	400M	400M	401M	400M	400M
Net EPS - Diluted	0.36	0.77	1.91	1.26	0.62
Diluted EPS - Continuing Operations	0.36	0.77	1.91	1.26	0.62
Diluted Weighted Average Shares Outstanding	400M	400M	401M	400M	400M
Normalized Basic EPS	0.28	0.61	1.5	0.99	0.49
Normalized Diluted EPS	0.28	0.61	1.5	0.99	0.49
Dividend Per Share	0.31	0.75	1	0.65	0.4
Payout Ratio	128.09	40.28	39.21	79.41	104.5
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	314M	513M	1.09B	752M	395M
EBITA	177M	390M	963M	635M	313M
EBIT	177M	388M	961M	633M	311M
EBITDAR	317M	515M	1.09B	754M	399M
Effective Tax Rate - (Ratio)	17.52	20.15	20.04	20.12	20.12
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	33.49M	74.68M	192M	127M	65.13M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-2.98M	3M	-630K	-500K	-2.47M
Normalized Net Income	110M	242M	600M	396M	195M
Interest on Long-Term Debt	1.11M	1.03M	1.38M	1.57M	1.37M
Non-Cash Pension Expense	1.6M	-3.63M	2.06M	2.97M	3.34M
Supplemental Operating Expense Items
Advertising Expense	6.12M	7.83M	8.9M	11.63M	11.45M
Selling and Marketing Expenses	58.65M	69.13M	82.28M	76.05M	75.34M
General and Administrative Expenses	109M	115M	124M	132M	127M
Net Rental Expense, Total	2.23M	2.61M	2.91M	2.72M	3.12M
Imputed Operating Lease Interest Expense	470K	521K	679K	669K	786K
Imputed Operating Lease Depreciation	1.76M	2.08M	2.23M	2.06M	2.34M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	257M	400M	904M	882M	523M
Short Term Investments	560M	730M	710M	540M	380M
Total Cash And Short Term Investments	817M	1.13B	1.61B	1.42B	903M
Accounts Receivable, Total	162M	237M	276M	183M	173M
Other Receivables	10.11M	6.75M	12.9M	18.28M	-
Total Receivables	172M	243M	289M	201M	173M
Inventory	192M	199M	201M	212M	182M
Prepaid Expenses	3.18M	2.42M	3.34M	-	-
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	1.18B	1.58B	2.11B	1.84B	1.26B
Gross Property Plant And Equipment	3.97B	4.01B	4.07B	4.53B	5.06B
Accumulated Depreciation	-3.07B	-3.16B	-3.24B	-3.34B	-3.39B
Net Property Plant And Equipment	896M	847M	824M	1.19B	1.67B
Other Intangibles, Total	3.07M	12.97M	12.02M	10.37M	9.66M
Deferred Tax Assets Long-Term	25.53M	22.25M	22.96M	25.44M	29.17M
Deferred Charges Long-Term	9.49M	-	-	-	-
Other Long-Term Assets, Total	165M	160M	157M	156M	152M
Total Assets	2.28B	2.62B	3.12B	3.21B	3.12B
Liabilities
Accounts Payable, Total	59.16M	134M	115M	86.24M	95.74M
Accrued Expenses, Total	65.52M	88.34M	86.14M	68.5M	58.45M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	19.63M	17.24M	19.44M	18.32M	18.67M
Current Income Taxes Payable	6.51M	44.11M	103M	42.91M	25.96M
Unearned Revenue Current, Total	-	14.68M	2.32M	571K	-
Other Current Liabilities	36.96M	41.15M	40.01M	135M	76.22M
Total Current Liabilities	188M	339M	366M	351M	275M
Long-Term Leases	22.34M	23.01M	35.15M	29.32M	20.6M
Pension & Other Post Retirement Benefits	74.18M	72.53M	75.89M	86.65M	92.35M
Other Non Current Liabilities	2.72M	1.78M	1.48M	4.39M	9.49M
Total Liabilities	287M	437M	478M	472M	397M
Common Stock, Total	400M	400M	400M	400M	400M
Additional Paid In Capital	654M	654M	654M	654M	654M
Retained Earnings	943M	1.13B	1.59B	1.69B	1.67B
Total Common Equity	2B	2.18B	2.65B	2.74B	2.73B
Minority Interest	-	-	-	-	-
Total Equity	2B	2.18B	2.65B	2.74B	2.73B
Total Liabilities And Equity	2.28B	2.62B	3.12B	3.21B	3.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	400M	400M	400M	400M	400M
ECS Total Common Shares Outstanding	400M	400M	400M	400M	400M
Book Value / Share	4.99	5.45	6.62	6.85	6.81
Tangible Book Value	1.99B	2.17B	2.63B	2.73B	2.72B
Tangible Book Value Per Share	4.98	5.42	6.59	6.83	6.79
Total Debt	41.97M	40.25M	54.59M	47.64M	39.28M
Net Debt	-775M	-1.09B	-1.56B	-1.37B	-864M
Debt Equivalent of Unfunded Proj. Benefit Obligation	74.18M	72.53M	75.89M	86.65M	92.35M
Debt Equivalent Oper. Leases	17.86M	20.85M	23.3M	21.79M	25M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	56.02M	77.19M	81.4M	74.4M	69.32M
Inventories - Work In Process, Total	2.54M	3.38M	1.78M	891K	2.52M
Inventories - Finished Goods, Total	54.27M	37.58M	39.32M	57.44M	38.49M
Inventories - Others	80.3M	81.92M	80.38M	80.77M	74.29M
Land - (BS)	273M	273M	274M	383M	383M
Buildings, Total	892M	915M	927M	928M	967M
Machinery, Total	2.71B	2.77B	2.79B	2.84B	2.88B
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	23K	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	144M	308M	765M	504M	249M
Depreciation & Amortization - CF	162M	147M	146M	141M	106M
Amortization of Goodwill and Intangible Assets - (CF)	202	1.5M	1.85M	1.85M	1.81M
Depreciation & Amortization, Total	162M	149M	148M	143M	108M
Amortization of Deferred Charges, Total - (CF)	1.35M	-	-	-	-
(Gain) Loss From Sale Of Asset	-992K	-530K	-	-	-559
Asset Writedown & Restructuring Costs	2.49M	1.82M	2.61M	2.95M	2.69M
Provision and Write-off of Bad Debts	-	-	-	23.18K	-23.18K
Other Operating Activities, Total	-17.65M	18.79M	32.99M	-96.5M	-19.68M
Change In Accounts Receivable	-33.3M	-74.64M	-39.58M	93.6M	24.44M
Change In Inventories	-18.13M	-10.23M	-2.82M	-10.62M	28.89M
Change In Accounts Payable	875K	74.77M	-18.89M	-28.32M	-5.02M
Change in Other Net Operating Assets	3.95M	40.34M	-19.37M	-27.14M	-2.41M
Cash from Operations	244M	507M	868M	580M	385M
Capital Expenditure	-55.72M	-50.27M	-71.13M	-368M	-633M
Sale of Property, Plant, and Equipment	3.9M	2.53M	-	-	561
Sale (Purchase) of Intangible assets	-9.54M	-1.93M	-750K	-572K	-1.1M
Investment in Marketable and Equity Securities, Total	-90M	-170M	20M	170M	160M
Other Investing Activities, Total	4.74M	4.61M	11.01M	21.66M	15.13M
Cash from Investing	-147M	-215M	-40.86M	-177M	-459M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-24.61M	-23.88M	-22.49M	-23.57M	-23.68M
Total Debt Repaid	-24.61M	-23.88M	-22.49M	-23.57M	-23.68M
Common Dividends Paid	-184M	-124M	-300M	-400M	-260M
Common & Preferred Stock Dividends Paid	-184M	-124M	-300M	-400M	-260M
Other Financing Activities, Total	-1.12M	-1.03M	-1.32M	-1.58M	-1.38M
Cash from Financing	-210M	-149M	-324M	-425M	-285M
Net Change in Cash	-112M	143M	504M	-21.45M	-359M
Supplemental Items
Cash Interest Paid	1.12M	1.03M	1.32M	1.58M	1.38M
Cash Income Tax Paid (Refund)	27.01M	36.99M	133M	187M	82.09M
Levered Free Cash Flow	183M	415M	652M	237M	-353M
Unlevered Free Cash Flow	184M	415M	653M	238M	-352M
Change In Net Working Capital	24.73M	-76.34M	24.65M	-68.14M	19.67M
Net Debt Issued / Repaid	-24.61M	-23.88M	-22.49M	-23.57M	-23.68M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	4.84	9.9	20.93	12.48	6.14
Return on Total Capital	5.38	11.39	24.41	14.41	7.01
Return On Equity %	7.12	14.74	31.7	18.7	9.1
Return on Common Equity	7.12	14.74	31.7	18.7	9.1
Margin Analysis
Gross Profit Margin %	19.93	23.91	35.01	33.04	26.27
SG&A Margin	10.4	8.03	6.48	8.71	10.8
EBITDA Margin %	19.23	22.33	34.18	31.4	21.07
EBITA Margin %	10.86	16.97	30.3	26.52	16.69
EBIT Margin %	10.86	16.9	30.24	26.44	16.59
Income From Continuing Operations Margin %	8.79	13.41	24.07	21.04	13.26
Net Income Margin %	8.79	13.41	24.07	21.04	13.26
Net Avail. For Common Margin %	8.79	13.41	24.07	21.04	13.26
Normalized Net Income Margin	6.75	10.54	18.86	16.55	10.37
Levered Free Cash Flow Margin	11.21	18.06	20.5	9.9	-18.79
Unlevered Free Cash Flow Margin	11.25	18.09	20.53	9.95	-18.74
Asset Turnover
Asset Turnover	0.71	0.94	1.11	0.76	0.59
Fixed Assets Turnover	1.77	2.63	3.8	2.38	1.31
Receivables Turnover (Average Receivables)	11.24	11.51	12.39	10.43	10.03
Inventory Turnover (Average Inventory)	7.14	8.92	10.31	7.76	7.02
Short Term Liquidity
Current Ratio	6.31	4.64	5.76	5.22	4.58
Quick Ratio	5.27	4.05	5.2	4.62	3.92
Operating Cash Flow to Current Liabilities	1.3	1.49	2.38	1.65	1.4
Days Sales Outstanding (Average Receivables)	32.47	31.7	29.45	35.09	36.4
Days Outstanding Inventory (Average Inventory)	51.09	40.9	35.39	47.17	51.97
Average Days Payable Outstanding	16.16	20.08	21.94	22.82	24.52
Cash Conversion Cycle (Average Days)	67.4	52.52	42.9	59.45	63.85
Long Term Solvency
Total Debt/Equity	2.1	1.85	2.06	1.74	1.44
Total Debt / Total Capital	2.06	1.81	2.02	1.71	1.42
LT Debt/Equity	1.12	1.05	1.33	1.07	0.76
Long-Term Debt / Total Capital	1.1	1.04	1.3	1.05	0.75
Total Liabilities / Total Assets	12.57	16.68	15.3	14.68	12.73
EBIT / Interest Expense	159.41	377.65	695.53	403.47	227.73
EBITDA / Interest Expense	304.61	522.23	802.84	494.32	306.54
(EBITDA - Capex) / Interest Expense	254.57	473.32	751.38	259.98	-156.67
Total Debt / EBITDA	0.12	0.07	0.05	0.06	0.09
Net Debt / EBITDA	-2.29	-2.03	-1.41	-1.77	-2.06
Total Debt / (EBITDA - Capex)	0.15	0.08	0.05	0.12	-0.18
Net Debt / (EBITDA - Capex)	-2.74	-2.24	-1.5	-3.37	4.03
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.86	40.43	38.47	-24.71	-21.59
Gross Profit, 1 Yr. Growth %	-1.33	68.43	102.84	-28.94	-37.66
EBITDA, 1 Yr. Growth %	-8.49	62.38	111.92	-30.84	-45.41
EBITA, 1 Yr. Growth %	-5.84	118.13	147.2	-34.09	-50.43
EBIT, 1 Yr. Growth %	-5.84	118.94	147.68	-34.15	-50.57
Earnings From Cont. Operations, 1 Yr. Growth %	26	114.28	148.55	-34.16	-50.61
Net Income, 1 Yr. Growth %	26	114.28	148.55	-34.16	-50.61
Normalized Net Income, 1 Yr. Growth %	-5.16	119.53	147.73	-33.96	-50.61
Diluted EPS Before Extra, 1 Yr. Growth %	26	114.28	148.05	-34.16	-50.61
Accounts Receivable, 1 Yr. Growth %	25.86	46.05	16.72	-33.88	-13.76
Inventory, 1 Yr. Growth %	10.33	3.69	1.04	5.15	-13.89
Net Property, Plant and Equip., 1 Yr. Growth %	-5.96	-5.4	-2.7	44.05	40.95
Total Assets, 1 Yr. Growth %	-0.91	14.65	19.34	2.86	-2.82
Tangible Book Value, 1 Yr. Growth %	-2.09	9.3	21.48	3.7	-0.57
Common Equity, 1 Yr. Growth %	-2.13	9.26	21.31	3.62	-0.59
Cash From Operations, 1 Yr. Growth %	-24.91	107.75	71.36	-33.18	-33.57
Capital Expenditures, 1 Yr. Growth %	33.72	-9.77	41.48	416.9	72.26
Levered Free Cash Flow, 1 Yr. Growth %	-27.92	126.17	57.17	-63.62	-266.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.84	125.67	57.13	-63.52	-265.78
Dividend Per Share, 1 Yr. Growth %	-32.61	141.94	33.33	-35	-38.46
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.05	15.59	39.45	2.11	-23.17
Gross Profit, 2 Yr. CAGR %	-8.79	28.92	84.8	20.06	-33.44
EBITDA, 2 Yr. CAGR %	-9.82	22.16	85.5	21.06	-39.67
EBITA, 2 Yr. CAGR %	-10.61	43.77	132.21	27.65	-42.98
EBIT, 2 Yr. CAGR %	-10.61	43.5	132.87	27.71	-43.09
Earnings From Cont. Operations, 2 Yr. CAGR %	-10.59	64.32	130.78	27.92	-42.97
Net Income, 2 Yr. CAGR %	-10.59	64.32	130.78	27.92	-42.97
Normalized Net Income, 2 Yr. CAGR %	-11.43	44.21	133.21	27.9	-43.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.59	64.32	130.62	27.89	-42.97
Accounts Receivable, 2 Yr. CAGR %	-8.95	35.58	30.56	-12.15	-20.8
Inventory, 2 Yr. CAGR %	8.41	6.96	2.36	3.07	-4.85
Net Property, Plant and Equip., 2 Yr. CAGR %	-14.15	-5.68	-4.06	18.38	42.49
Total Assets, 2 Yr. CAGR %	0.52	6.59	16.97	10.79	-0.02
Tangible Book Value, 2 Yr. CAGR %	-0.11	3.2	15.23	12.24	1.54
Common Equity, 2 Yr. CAGR %	-0.16	3.41	15.13	12.12	1.49
Cash From Operations, 2 Yr. CAGR %	-15.73	24.9	88.68	7.01	-33.38
Capital Expenditures, 2 Yr. CAGR %	67.12	9.85	12.99	170.43	198.4
Levered Free Cash Flow, 2 Yr. CAGR %	-18.33	27.72	88.54	-24.39	-26.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	-18.17	27.64	88.31	-24.29	-26.59
Dividend Per Share, 2 Yr. CAGR %	31.23	27.69	79.61	-6.91	-36.75
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.26	3.58	22.76	13.55	-6.5
Gross Profit, 3 Yr. CAGR %	5.23	11.9	49.92	34.38	-3.5
EBITDA, 3 Yr. CAGR %	4.68	9.87	46.78	33.51	-8.29
EBITA, 3 Yr. CAGR %	23.89	20.61	72.24	52.61	-7.02
EBIT, 3 Yr. CAGR %	23.89	20.45	72.13	52.84	-7.08
Earnings From Cont. Operations, 3 Yr. CAGR %	35.87	19.65	88.62	51.92	-6.85
Net Income, 3 Yr. CAGR %	35.87	19.65	88.62	51.92	-6.85
Normalized Net Income, 3 Yr. CAGR %	23.34	19.81	72.71	53.14	-7.01
Diluted EPS Before Extra, 3 Yr. CAGR %	35.87	19.65	88.53	51.92	-6.87
Accounts Receivable, 3 Yr. CAGR %	-2.66	6.58	28.97	4.07	-9.87
Inventory, 3 Yr. CAGR %	3.52	6.81	4.95	3.28	-2.92
Net Property, Plant and Equip., 3 Yr. CAGR %	-12.98	-11.33	-4.7	9.86	25.47
Total Assets, 3 Yr. CAGR %	3.04	5.02	10.68	12.07	6.06
Tangible Book Value, 3 Yr. CAGR %	2.6	2.77	8.97	11.25	7.8
Common Equity, 3 Yr. CAGR %	2.55	2.89	9.06	11.16	7.71
Cash From Operations, 3 Yr. CAGR %	-3.08	13.84	38.79	33.49	-8.72
Capital Expenditures, 3 Yr. CAGR %	21.05	36.08	19.52	87.57	132.68
Levered Free Cash Flow, 3 Yr. CAGR %	-1.2	14.71	36.86	8.95	-5.26
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.07	14.77	36.8	8.96	-5.39
Dividend Per Share, 3 Yr. CAGR %	72.88	60.91	29.54	27.99	-18.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.18	6.13	10.58	2.98	1.78
Gross Profit, 5 Yr. CAGR %	37.78	26.39	31.81	15.09	8.34
EBITDA, 5 Yr. CAGR %	37.37	23.73	31.72	14.22	2.85
EBITA, 5 Yr. CAGR %	7.59	149.24	59.49	23.37	10.69
EBIT, 5 Yr. CAGR %	7.59	149.05	59.43	23.3	10.56
Earnings From Cont. Operations, 5 Yr. CAGR %	5.92	123.95	67.94	22.9	16.89
Net Income, 5 Yr. CAGR %	5.92	123.95	67.94	22.9	16.89
Normalized Net Income, 5 Yr. CAGR %	11.05	167.7	59.09	22.99	10.83
Diluted EPS Before Extra, 5 Yr. CAGR %	5.92	123.95	67.89	22.9	16.89
Accounts Receivable, 5 Yr. CAGR %	8.26	13.64	9.47	-1.35	6.12
Inventory, 5 Yr. CAGR %	3.36	1.17	3.05	5.3	0.91
Net Property, Plant and Equip., 5 Yr. CAGR %	-11.97	-11.22	-9.52	-0.46	11.94
Total Assets, 5 Yr. CAGR %	2.34	5.31	8.4	7.29	6.27
Tangible Book Value, 5 Yr. CAGR %	2.28	3.94	7.37	6.46	5.94
Common Equity, 5 Yr. CAGR %	2.23	4	7.4	6.49	5.97
Cash From Operations, 5 Yr. CAGR %	19.77	23.27	26.52	11.06	3.48
Capital Expenditures, 5 Yr. CAGR %	-0.65	8.85	17.76	79.1	72.33
Levered Free Cash Flow, 5 Yr. CAGR %	30.09	27.32	27.96	-2.91	6.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.83	27.33	27.99	-2.82	6.65
Dividend Per Share, 5 Yr. CAGR %	-	90.37	75.54	29.28	-2.76