Income Statement SaintMed Thailand S.E.

Stocks

SMD100-R

THA320010R13

Medical Equipment, Supplies & Distribution

End-of-day quote Thailand S.E. 2026-09-18			5-day change	1st Jan Change
1.760 ^THB	-0.56%		+0.57%	-26.05%

08-16	SMD Rise Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-15	SMD Rise Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: SAINTMED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.62B	2.01B	827M	793M	910M
Total Revenues	1.62B	2.01B	827M	793M	910M
Cost of Goods Sold, Total	990M	1.42B	530M	493M	596M
Gross Profit	631M	592M	297M	300M	314M
Selling General & Admin Expenses, Total	217M	218M	207M	243M	289M
Other Operating Expenses	-	-	-	-	-12.53M
Other Operating Expenses, Total	217M	218M	207M	243M	277M
Operating Income	414M	374M	90.01M	57.02M	37.35M
Interest Expense, Total	-11.14M	-8.55M	-3.34M	-7.1M	-13.13M
Net Interest Expenses	-11.14M	-8.55M	-3.34M	-7.1M	-13.13M
Currency Exchange Gains (Loss)	-8.51M	-3.17M	429K	3.21M	-
Other Non Operating Income (Expenses)	1.62M	4.19M	6.49M	6.79M	-
EBT, Excl. Unusual Items	396M	366M	93.59M	59.92M	24.22M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	396M	366M	93.59M	59.92M	24.22M
Income Tax Expense	75.89M	69.65M	14.35M	18.25M	13.61M
Earnings From Continuing Operations	320M	297M	79.24M	41.68M	10.62M
Net Income to Company	320M	297M	79.24M	41.68M	10.62M
Net Income - (IS)	320M	297M	79.24M	41.68M	10.62M
Net Income to Common Incl Extra Items	320M	297M	79.24M	41.68M	10.62M
Net Income to Common Excl. Extra Items	320M	297M	79.24M	41.68M	10.62M
Per Share Items
Net EPS - Basic	1.61	1.32	0.35	0.2	0.05
Basic EPS - Continuing Operations	1.61	1.32	0.35	0.2	0.05
Basic Weighted Average Shares Outstanding	199M	225M	224M	208M	208M
Net EPS - Diluted	1.61	1.32	0.35	0.2	0.05
Diluted EPS - Continuing Operations	1.61	1.32	0.35	0.2	0.05
Diluted Weighted Average Shares Outstanding	199M	225M	224M	208M	208M
Normalized Basic EPS	1.25	1.02	0.26	0.18	0.07
Normalized Diluted EPS	1.25	1.02	0.26	0.18	0.07
Dividend Per Share	0.48	0.75	0.3	0.75	0.06
Payout Ratio	7.5	54.94	183.6	324.25	489.02
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	436M	397M	113M	83.68M	71.05M
EBITA	414M	374M	90.01M	57.02M	37.35M
EBIT	414M	374M	90.01M	57.02M	37.35M
EBITDAR	436M	398M	114M	83.79M	71.42M
Total Revenues (As Reported)	-	-	-	793M	910M
Effective Tax Rate - (Ratio)	19.18	19.01	15.33	30.45	56.17
Current Domestic Taxes	76.57M	71.24M	18.41M	19.96M	14.84M
Total Current Taxes	76.57M	71.24M	18.41M	19.96M	14.84M
Deferred Domestic Taxes	-677K	-1.59M	-4.06M	-1.72M	-1.24M
Total Deferred Taxes	-677K	-1.59M	-4.06M	-1.72M	-1.24M
Normalized Net Income	247M	229M	58.49M	37.45M	15.14M
Interest on Long-Term Debt	-	-	-	-	3.4M
Non-Cash Pension Expense	352K	563K	907K	1.05M	2.06M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	126M	129M	117M	135M	156M
General and Administrative Expenses	90.86M	89.14M	89.89M	108M	133M
Net Rental Expense, Total	357K	667K	669K	112K	375K
Imputed Operating Lease Interest Expense	111K	272K	353K	39.13K	131K
Imputed Operating Lease Depreciation	245K	395K	316K	72.45K	244K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	495M	545M	337M	243M	47.51M
Total Cash And Short Term Investments	495M	545M	337M	243M	47.51M
Accounts Receivable, Total	272M	127M	168M	252M	299M
Other Receivables	3.12M	6.61M	10.65M	6.33M	97.72M
Total Receivables	275M	133M	179M	258M	397M
Inventory	356M	267M	280M	421M	488M
Other Current Assets, Total	2.56M	2.95M	4.77M	11.8M	20.69M
Total Current Assets	1.13B	948M	800M	934M	953M
Gross Property Plant And Equipment	219M	239M	249M	345M	379M
Accumulated Depreciation	-88.84M	-110M	-130M	-154M	-131M
Net Property Plant And Equipment	130M	128M	119M	191M	248M
Other Intangibles, Total	831K	772K	835K	597K	4.53M
Accounts Receivable Long-Term	-	8.38M	30.84M	24.36M	25.43M
Deferred Tax Assets Long-Term	12.12M	14.03M	18.37M	20.08M	21.98M
Other Long-Term Assets, Total	105M	111M	110M	121M	146M
Total Assets	1.38B	1.21B	1.08B	1.29B	1.4B
Liabilities
Accounts Payable, Total	37.9M	29.1M	35.44M	138M	232M
Accrued Expenses, Total	34.47M	15.92M	28.73M	35.29M	46.58M
Short-term Borrowings	206M	-	-	201M	198M
Current Portion of Long-Term Debt	20M	-	-	-	16M
Current Portion of Leases	4.67M	5.52M	5.49M	8.23M	12.27M
Current Income Taxes Payable	59.03M	23.67M	5.92M	12.23M	7.82M
Unearned Revenue Current, Total	12.79M	9.69M	4.54M	2.85M	2.2M
Other Current Liabilities	15.04M	14.53M	21.32M	26.96M	12.05M
Total Current Liabilities	390M	98.43M	101M	425M	528M
Long-Term Debt	-	-	-	-	26.66M
Long-Term Leases	51.28M	47.58M	42.65M	66.52M	74.64M
Unearned Revenue Non Current	11.98M	6.88M	2.99M	2.42M	2.27M
Pension & Other Post Retirement Benefits	25.92M	29.91M	32.76M	37.7M	46.26M
Deferred Tax Liability Non Current	-	-	-	-	13.64K
Other Non Current Liabilities	-	-	-	-	5.05M
Total Liabilities	479M	183M	180M	531M	682M
Common Stock, Total	107M	112M	112M	112M	112M
Additional Paid In Capital	363M	363M	363M	363M	363M
Retained Earnings	428M	553M	485M	392M	348M
Treasury Stock	-	-	-60.25M	-107M	-107M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	898M	1.03B	900M	760M	716M
Total Equity	898M	1.03B	900M	760M	716M
Total Liabilities And Equity	1.38B	1.21B	1.08B	1.29B	1.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	225M	225M	214M	208M	208M
ECS Total Common Shares Outstanding	225M	225M	214M	208M	208M
Book Value / Share	4	4.57	4.2	3.66	3.45
Tangible Book Value	897M	1.03B	899M	759M	711M
Tangible Book Value Per Share	3.99	4.57	4.19	3.66	3.43
Total Debt	282M	53.1M	48.15M	276M	328M
Net Debt	-213M	-492M	-289M	33.12M	280M
Debt Equivalent of Unfunded Proj. Benefit Obligation	27.66M	32.02M	36.65M	40.59M	48.64M
Debt Equivalent Oper. Leases	2.85M	5.34M	5.36M	893K	3M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Finished Goods, Total	350M	275M	284M	400M	479M
Land - (BS)	-	-	-	-	-
Buildings, Total	11.89M	12.11M	12.3M	15.88M	16.24M
Machinery, Total	135M	151M	159M	219M	266M
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	6.32M	4.8M	11.99M	8.76M	9.58M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	320M	297M	79.24M	41.68M	10.62M
Depreciation & Amortization - CF	27.82M	31.04M	30.58M	34.61M	45.68M
Amortization of Goodwill and Intangible Assets - (CF)	688K	-	-	-	-
Depreciation & Amortization, Total	28.5M	31.04M	30.58M	34.61M	45.68M
Amortization of Deferred Charges, Total - (CF)	-	299K	284K	296K	-
(Gain) Loss From Sale Of Asset	-62.84K	-4.73M	-157K	-654K	2.46M
Asset Writedown & Restructuring Costs	-95.53K	-	-	-	-1.78M
Provision and Write-off of Bad Debts	-	-1.52M	7.19M	-3.23M	817K
Other Operating Activities, Total	38.68M	-32.59M	-17.61M	9.66M	-3.56M
Change In Accounts Receivable	-98.56M	150M	-39.23M	-66.03M	-146M
Change In Inventories	-172M	68.92M	-25.6M	-156M	-116M
Change In Accounts Payable	22.7M	-27.63M	23.87M	109M	105M
Change in Unearned Revenues	8.05M	2.3M	725K	1.56M	793K
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-3.83M	-17.09M	-38.42M	-840K	-4.84M
Cash from Operations	143M	466M	20.88M	-30.11M	-107M
Capital Expenditure	-22.64M	-17.69M	-20.91M	-67.08M	-34.41M
Sale of Property, Plant, and Equipment	5.69M	4.94M	5.53M	4.32M	3.42M
Divestitures	-	13.14M	-	-	-
Sale (Purchase) of Intangible assets	-421K	-240K	-346K	-58K	-4.27M
Other Investing Activities, Total	-19.06M	-6.37M	-	-11.7M	-32.58M
Cash from Investing	-36.43M	-6.21M	-15.73M	-74.51M	-67.84M
Short Term Debt Issued, Total	54.69M	-	-	201M	-
Long-Term Debt Issued, Total	-	-	-	-	48.16M
Total Debt Issued	54.69M	-	-	201M	48.16M
Short Term Debt Repaid, Total	-	-206M	-	-	-2.72M
Long-Term Debt Repaid, Total	-67.48M	-27.67M	-7.77M	-8.78M	-14.3M
Total Debt Repaid	-67.48M	-234M	-7.77M	-8.78M	-17.02M
Issuance of Common Stock	389M	-	-	-	-
Repurchase of Common Stock	-	-	-60.25M	-46.78M	-
Common Dividends Paid	-24M	-163M	-145M	-135M	-51.91M
Common & Preferred Stock Dividends Paid	-24M	-163M	-145M	-135M	-51.91M
Cash from Financing	352M	-397M	-214M	10.32M	-20.77M
Net Change in Cash	459M	63.05M	-208M	-94.31M	-195M
Supplemental Items
Cash Interest Paid	8.13M	5.58M	-	3.19M	12.79M
Cash Income Tax Paid (Refund)	28.35M	107M	36.16M	13.65M	25.83M
Levered Free Cash Flow	70.85M	406M	6.41M	-109M	-107M
Unlevered Free Cash Flow	77.81M	411M	8.49M	-105M	-98.48M
Change In Net Working Capital	186M	-164M	57.37M	108M	129M
Net Debt Issued / Repaid	-12.79M	-234M	-7.77M	192M	31.14M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	25.6	18.08	4.91	3.01	1.74
Return on Total Capital	30.55	20.69	5.55	3.59	2.25
Return On Equity %	57.02	30.85	8.22	5.02	1.44
Return on Common Equity	57.02	30.85	8.22	5.02	1.44
Margin Analysis
Gross Profit Margin %	38.92	29.45	35.91	37.87	34.53
SG&A Margin	13.4	10.85	25.03	30.68	31.8
EBITDA Margin %	26.87	19.78	13.69	10.55	7.81
EBITA Margin %	25.57	18.6	10.88	7.19	4.1
EBIT Margin %	25.52	18.6	10.88	7.19	4.1
Income From Continuing Operations Margin %	19.73	14.76	9.58	5.25	1.17
Net Income Margin %	19.73	14.76	9.58	5.25	1.17
Net Avail. For Common Margin %	19.73	14.76	9.58	5.25	1.17
Normalized Net Income Margin	15.26	11.39	7.07	4.72	1.66
Levered Free Cash Flow Margin	4.37	20.2	0.77	-13.76	-11.72
Unlevered Free Cash Flow Margin	4.8	20.47	1.03	-13.2	-10.82
Asset Turnover
Asset Turnover	1.61	1.55	0.72	0.67	0.68
Fixed Assets Turnover	12.47	15.52	6.69	5.12	4.15
Receivables Turnover (Average Receivables)	7.3	10.09	5.61	3.78	3.3
Inventory Turnover (Average Inventory)	3.6	4.55	1.94	1.41	1.31
Short Term Liquidity
Current Ratio	2.89	9.64	7.89	2.2	1.81
Quick Ratio	1.97	6.89	5.09	1.18	0.84
Operating Cash Flow to Current Liabilities	0.37	4.74	0.21	-0.07	-0.2
Days Sales Outstanding (Average Receivables)	50.01	36.19	65.06	96.88	110.48
Days Outstanding Inventory (Average Inventory)	101.49	80.19	188.15	260.32	278.34
Average Days Payable Outstanding	10.35	9.2	21.68	50.04	102.01
Cash Conversion Cycle (Average Days)	141.16	107.18	231.53	307.16	286.81
Long Term Solvency
Total Debt/Equity	31.42	5.17	5.35	36.3	45.8
Total Debt / Total Capital	23.91	4.91	5.08	26.63	31.41
LT Debt/Equity	5.71	4.63	4.74	8.76	14.15
Long-Term Debt / Total Capital	4.35	4.4	4.5	6.42	9.7
Total Liabilities / Total Assets	34.8	15.1	16.65	41.15	48.8
EBIT / Interest Expense	37.16	43.73	26.96	8.03	2.84
EBITDA / Interest Expense	39.71	47.36	36.12	12.9	6.32
(EBITDA - Capex) / Interest Expense	37.68	45.29	29.85	3.46	3.7
Total Debt / EBITDA	0.64	0.13	0.4	3.01	3.95
Net Debt / EBITDA	-0.48	-1.22	-2.39	0.36	3.38
Total Debt / (EBITDA - Capex)	0.67	0.14	0.48	11.23	6.74
Net Debt / (EBITDA - Capex)	-0.51	-1.27	-2.9	1.35	5.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	145.27	23.96	-58.83	-4.13	14.75
Gross Profit, 1 Yr. Growth %	127.79	-6.21	-49.8	1.11	4.62
EBITDA, 1 Yr. Growth %	242.24	-8.6	-71.5	-26.14	-24.4
EBITA, 1 Yr. Growth %	291.09	-9.61	-75.92	-36.66	-44.27
EBIT, 1 Yr. Growth %	292.79	-9.61	-75.92	-36.66	-44.27
Earnings From Cont. Operations, 1 Yr. Growth %	311.39	-7.2	-73.29	-47.41	-74.53
Net Income, 1 Yr. Growth %	311.39	-7.2	-73.29	-47.41	-74.53
Normalized Net Income, 1 Yr. Growth %	310.08	-7.39	-74.45	-35.97	-59.58
Diluted EPS Before Extra, 1 Yr. Growth %	248	-17.98	-73.2	-43.5	-74.44
Accounts Receivable, 1 Yr. Growth %	57.64	-53.38	32.79	49.56	18.96
Inventory, 1 Yr. Growth %	83.1	-25.07	4.87	50.51	15.8
Net Property, Plant and Equip., 1 Yr. Growth %	0	-1.78	-7.18	60.28	29.67
Total Assets, 1 Yr. Growth %	114.21	-11.93	-10.79	19.54	8.32
Tangible Book Value, 1 Yr. Growth %	302.64	14.8	-12.44	-15.57	-6.3
Common Equity, 1 Yr. Growth %	300.98	14.78	-12.43	-15.58	-5.77
Cash From Operations, 1 Yr. Growth %	541.49	225.35	-95.52	-244.2	253.78
Capital Expenditures, 1 Yr. Growth %	-7.93	-21.86	18.24	220.75	-48.7
Levered Free Cash Flow, 1 Yr. Growth %	-322.59	472.67	-98.42	-1.8K	3.7
Unlevered Free Cash Flow, 1 Yr. Growth %	-399.12	428.33	-97.94	-1.33K	0.04
Dividend Per Share, 1 Yr. Growth %	-29.58	57.5	-60	150	-92
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	61.88	74.37	-28.56	-37.18	4.89
Gross Profit, 2 Yr. CAGR %	56.75	46.16	-31.38	-28.76	2.85
EBITDA, 2 Yr. CAGR %	97.44	76.73	-48.96	-54.12	-20.81
EBITA, 2 Yr. CAGR %	113.47	87.82	-53.35	-60.95	-35.58
EBIT, 2 Yr. CAGR %	120.9	88.39	-53.35	-60.95	-35.58
Earnings From Cont. Operations, 2 Yr. CAGR %	130.05	95.34	-50.21	-62.52	-63.4
Net Income, 2 Yr. CAGR %	130.05	95.34	-50.21	-62.52	-63.4
Normalized Net Income, 2 Yr. CAGR %	128.08	94.83	-51.36	-59.55	-49.13
Diluted EPS Before Extra, 2 Yr. CAGR %	111.58	68.91	-53.11	-61.08	-62
Accounts Receivable, 2 Yr. CAGR %	68.15	-14.28	-21.32	40.93	33.39
Inventory, 2 Yr. CAGR %	51.23	17.13	-11.36	25.63	32.02
Net Property, Plant and Equip., 2 Yr. CAGR %	36.38	-0.64	-4.52	21.97	44.17
Total Assets, 2 Yr. CAGR %	73.76	37.22	-11.37	3.27	13.79
Tangible Book Value, 2 Yr. CAGR %	97.36	114.7	0.26	-14.02	-11.05
Common Equity, 2 Yr. CAGR %	96.87	114.24	0.26	-14.02	-10.81
Cash From Operations, 2 Yr. CAGR %	16.76	356.85	-61.82	-74.58	125.87
Capital Expenditures, 2 Yr. CAGR %	4.85	-15.18	-3.88	94.74	28.27
Levered Free Cash Flow, 2 Yr. CAGR %	-1.88	257.13	-69.94	-48.15	308.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.4	297.65	-66.97	-49.55	240.53
Dividend Per Share, 2 Yr. CAGR %	-	5.32	-20.63	0	-55.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	47.42	48.1	7.77	-21.2	-23.2
Gross Profit, 3 Yr. CAGR %	43.22	32.08	2.36	-21.92	-19.02
EBITDA, 3 Yr. CAGR %	40.16	52.66	-3.8	-42.27	-43.67
EBITA, 3 Yr. CAGR %	44.54	60.19	-5.29	-48.34	-53.6
EBIT, 3 Yr. CAGR %	44.46	63.98	-5.11	-48.34	-53.6
Earnings From Cont. Operations, 3 Yr. CAGR %	109.11	69.95	0.64	-49.29	-67.05
Net Income, 3 Yr. CAGR %	109.11	69.95	0.64	-49.29	-67.05
Normalized Net Income, 3 Yr. CAGR %	106.45	68.86	-1.02	-46.69	-59.56
Diluted EPS Before Extra, 3 Yr. CAGR %	97.77	54.25	-8.55	-50.1	-66.17
Accounts Receivable, 3 Yr. CAGR %	42.15	9.64	-0.81	-2.54	33.19
Inventory, 3 Yr. CAGR %	30.2	19.66	12.89	5.75	22.27
Net Property, Plant and Equip., 3 Yr. CAGR %	18.27	22.46	-2.87	13.48	24.49
Total Assets, 3 Yr. CAGR %	43.63	38.46	18.87	-2.07	4.92
Tangible Book Value, 3 Yr. CAGR %	71.63	64.6	59.22	-5.32	-11.52
Common Equity, 3 Yr. CAGR %	71.14	64.32	59	-5.33	-11.35
Cash From Operations, 3 Yr. CAGR %	114.85	64.31	-2.21	-40.54	-38.86
Capital Expenditures, 3 Yr. CAGR %	-0.36	-4.94	-5.25	43.63	24.84
Levered Free Cash Flow, 3 Yr. CAGR %	33.36	76.7	-41.4	15.47	-35.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.4	70.23	-31.14	10.38	-37.91
Dividend Per Share, 3 Yr. CAGR %	88.23	-	-23.73	16.35	-56.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	23.48	33.79	10.33	5.1	6.61
Gross Profit, 5 Yr. CAGR %	23.78	24.62	6.7	3.18	2.55
EBITDA, 5 Yr. CAGR %	36.47	38.4	-6.46	-5.62	-11
EBITA, 5 Yr. CAGR %	38.1	44.05	-8.09	-8.92	-18.82
EBIT, 5 Yr. CAGR %	38.06	44.05	-8.09	-7.63	-18.73
Earnings From Cont. Operations, 5 Yr. CAGR %	42.45	49.75	17.77	-7.16	-32.85
Net Income, 5 Yr. CAGR %	42.45	49.75	17.77	-7.16	-32.85
Normalized Net Income, 5 Yr. CAGR %	41.82	48.95	15.79	-4.66	-24.15
Diluted EPS Before Extra, 5 Yr. CAGR %	37.76	41.3	11.19	-11.08	-35.64
Accounts Receivable, 5 Yr. CAGR %	17.66	1.16	12.2	21.22	11.66
Inventory, 5 Yr. CAGR %	22.05	12.82	11.64	22.02	20.18
Net Property, Plant and Equip., 5 Yr. CAGR %	22.46	9.83	8.68	22.26	13.75
Total Assets, 5 Yr. CAGR %	23.83	22.03	18.37	23.13	16.82
Tangible Book Value, 5 Yr. CAGR %	46.39	46.86	38.35	26.94	26.14
Common Equity, 5 Yr. CAGR %	45.94	46.47	38.11	26.81	26.17
Cash From Operations, 5 Yr. CAGR %	14.04	189.41	7.65	-22.12	36.68
Capital Expenditures, 5 Yr. CAGR %	34.26	36.98	-1.79	26.64	6.95
Levered Free Cash Flow, 5 Yr. CAGR %	-	69.37	-26.51	8.2	27.37
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	60.17	-26.8	4.66	30.51
Dividend Per Share, 5 Yr. CAGR %	31.94	73.58	33.26	-	-38.4