Income Statement Salee Printing

Stocks

SLP

TH6414010004

Commercial Printing Services

End-of-day quote Thailand S.E. 2026-09-04			5-day change	1st Jan Change
0.4800 ^THB	+2.13%		-2.04%	+33.33%

08-10	Salee Printing Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-12	Salee Printing Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: SALEE PRINTING

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	446M	518M	524M	562M	601M
Other Revenues, Total	-	-	-	-	-
Total Revenues	446M	518M	524M	562M	601M
Cost of Goods Sold, Total	380M	466M	449M	435M	452M
Gross Profit	65.93M	51.75M	75.08M	127M	148M
Selling General & Admin Expenses, Total	94.35M	96.93M	93.83M	94.92M	112M
Provision for Bad Debts	-	-	-	-	466K
Other Operating Expenses, Total	94.35M	96.93M	93.83M	94.92M	112M
Operating Income	-28.43M	-45.18M	-18.75M	31.8M	36.37M
Interest Expense, Total	-3.1M	-2.17M	-1.23M	-2.06M	-3.41M
Net Interest Expenses	-3.1M	-2.17M	-1.23M	-2.06M	-3.41M
Other Non Operating Income (Expenses)	4.35M	3.75M	4.91M	8.02M	6.04M
EBT, Excl. Unusual Items	-27.18M	-43.6M	-15.07M	37.76M	39M
Gain (Loss) On Sale Of Assets	178K	335K	192K	126K	2.63M
EBT, Incl. Unusual Items	-27M	-43.27M	-14.88M	37.88M	41.64M
Income Tax Expense	10.84M	-715K	1.66M	-22.85M	468K
Earnings From Continuing Operations	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Net Income to Company	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Net Income - (IS)	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Net Income to Common Incl Extra Items	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Net Income to Common Excl. Extra Items	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Per Share Items
Net EPS - Basic	-0.03	-0.04	-0.01	0.05	0.03
Basic EPS - Continuing Operations	-0.03	-0.04	-0.01	0.05	0.03
Basic Weighted Average Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.2B
Net EPS - Diluted	-0.03	-0.04	-0.01	0.05	0.03
Diluted EPS - Continuing Operations	-0.03	-0.04	-0.01	0.05	0.03
Diluted Weighted Average Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.2B
Normalized Basic EPS	-0.01	-0.02	-0.01	0.02	0.02
Normalized Diluted EPS	-0.01	-0.02	-0.01	0.02	0.02
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	20.91M	15.85M	34.21M	81.53M	88.07M
EBITA	-28.43M	-45.18M	-18.75M	31.8M	36.37M
EBIT	-28.43M	-45.18M	-18.75M	31.8M	36.37M
EBITDAR	21.19M	15.88M	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-40.14	1.65	-11.18	-60.31	1.12
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	10.84M	-715K	1.66M	-22.85M	468K
Normalized Net Income	-16.99M	-27.25M	-9.42M	23.6M	24.38M
Interest on Long-Term Debt	3.07M	2.16M	1.23M	2.06M	3.41M
Non-Cash Pension Expense	85K	147K	231K	276K	296K
Supplemental Operating Expense Items
Selling and Marketing Expenses	21.84M	18.63M	21.54M	22.53M	20.52M
General and Administrative Expenses	72.52M	78.29M	72.29M	72.38M	91.06M
Net Rental Expense, Total	288K	28K	-	-	-
Imputed Operating Lease Interest Expense	105K	10.26K	-	-	-
Imputed Operating Lease Depreciation	183K	17.74K	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	37.72M	17.98M	16.09M	57.29M	52.31M
Short Term Investments	220M	200M	210M	226M	305M
Total Cash And Short Term Investments	258M	218M	226M	283M	357M
Accounts Receivable, Total	130M	144M	168M	149M	178M
Other Receivables	92K	-	5.56M	5.56M	-
Total Receivables	130M	144M	173M	154M	178M
Inventory	95.1M	96.73M	70.9M	55.96M	50.7M
Prepaid Expenses	1.37M	1.15M	1.45M	1.75M	2.69M
Other Current Assets, Total	6.52M	6.4M	11.84M	1.63M	966K
Total Current Assets	490M	467M	484M	496M	589M
Gross Property Plant And Equipment	1.03B	1.05B	1.05B	1.14B	1.04B
Accumulated Depreciation	-658M	-703M	-749M	-791M	-713M
Net Property Plant And Equipment	373M	343M	297M	348M	322M
Long-term Investments	60.04M	70.02M	50M	55.91M	40.82M
Other Intangibles, Total	10.09M	8.39M	5.73M	3.13M	1.13M
Deferred Tax Assets Long-Term	6.9M	7.4M	5.54M	28.73M	28.88M
Other Long-Term Assets, Total	23.42M	37.63M	41.21M	45.33M	44.1M
Total Assets	963M	933M	883M	978M	1.03B
Liabilities
Accounts Payable, Total	30.81M	59.11M	46.1M	30.31M	31.06M
Accrued Expenses, Total	4.99M	7.96M	11.94M	15.56M	30.71M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	21.47M	24.02M	12.99M	9.11M	9.68M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	11.97M	12.59M	10.8M	7.51M	6.83M
Total Current Liabilities	69.25M	104M	81.83M	62.5M	78.29M
Long-Term Leases	36.42M	12.99M	-	51.61M	41.94M
Pension & Other Post Retirement Benefits	9.12M	9.59M	10.07M	13.26M	17.38M
Total Liabilities	115M	126M	91.91M	127M	138M
Common Stock, Total	300M	300M	300M	300M	300M
Additional Paid In Capital	619M	619M	619M	619M	619M
Retained Earnings	-70.57M	-112M	-128M	-68.66M	-29.97M
Total Common Equity	849M	807M	791M	851M	889M
Total Equity	849M	807M	791M	851M	889M
Total Liabilities And Equity	963M	933M	883M	978M	1.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.2B	1.2B	1.2B	1.2B	1.2B
ECS Total Common Shares Outstanding	1.2B	1.2B	1.2B	1.2B	1.2B
Book Value / Share	0.71	0.67	0.66	0.71	0.74
Tangible Book Value	839M	799M	785M	847M	888M
Tangible Book Value Per Share	0.7	0.67	0.65	0.71	0.74
Total Debt	57.89M	37.01M	12.99M	60.73M	51.61M
Net Debt	-200M	-181M	-213M	-222M	-306M
Debt Equivalent of Unfunded Proj. Benefit Obligation	9.12M	9.59M	10.07M	13.26M	17.38M
Debt Equivalent Oper. Leases	2.3M	224K	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	55.54M	52.93M	45.01M	36.7M	31.12M
Inventories - Finished Goods, Total	61.35M	69.11M	42.56M	34.53M	36.12M
Buildings, Total	75M	96.88M	-	-	-
Machinery, Total	878M	907M	1.03B	1.06B	984M
Accumulated Allowance for Doubtful Accounts (Supple)	442K	445K	313K	440K	752K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	-37.84M	-42.55M	-16.54M	60.73M	41.17M
Depreciation & Amortization - CF	70.89M	82.82M	74.9M	58.02M	61.88M
Depreciation & Amortization, Total	70.89M	82.82M	74.9M	58.02M	61.88M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-178K	-335K	-192K	-126K	-2.63M
Asset Writedown & Restructuring Costs	-	194K	38	47.56K	351K
Provision and Write-off of Bad Debts	-313K	-2.4K	131K	-127K	466K
Other Operating Activities, Total	6.07M	-11.37M	-12.53M	-17.64M	277K
Change In Accounts Receivable	-30.91M	-13.2M	-23.88M	18.93M	-29.72M
Change In Inventories	-34.98M	-5.15M	34.48M	16.33M	4M
Change In Accounts Payable	22.56M	30.37M	-8.49M	-14.06M	15.73M
Change in Other Net Operating Assets	-1.97M	-1.91M	-11M	-2.75M	6.54M
Cash from Operations	-6.67M	38.86M	36.87M	119M	98.06M
Capital Expenditure	-118M	-46.23M	-27.7M	-44.48M	-36.74M
Sale of Property, Plant, and Equipment	215K	343K	226K	311K	4.39M
Sale (Purchase) of Intangible assets	-3.02M	-1.32M	-739K	-375K	-131K
Investment in Marketable and Equity Securities, Total	-20.5K	9.99M	9.83M	-21.45M	-64.33M
Other Investing Activities, Total	4M	2.48M	4.86M	5.79M	6.29M
Cash from Investing	-117M	-34.74M	-13.52M	-60.2M	-90.52M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-23.59M	-21.7M	-24.02M	-15.91M	-9.11M
Total Debt Repaid	-23.59M	-21.7M	-24.02M	-15.91M	-9.11M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-3.1M	-2.17M	-1.23M	-2.06M	-3.41M
Cash from Financing	-26.69M	-23.87M	-25.25M	-17.97M	-12.52M
Net Change in Cash	-151M	-19.75M	-1.89M	41.2M	-4.98M
Supplemental Items
Cash Interest Paid	3.1M	2.17M	1.23M	2.06M	3.41M
Cash Income Tax Paid (Refund)	2.88M	14.21M	3.47M	-9.1M	-338K
Levered Free Cash Flow	-131M	21.61M	14.4M	60.06M	42.19M
Unlevered Free Cash Flow	-129M	22.97M	15.17M	61.35M	44.32M
Change In Net Working Capital	60.82M	-15.94M	19.58M	-28.3M	3.42M
Net Debt Issued / Repaid	-23.59M	-21.7M	-24.02M	-15.91M	-9.11M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-1.8	-2.98	-1.29	2.14	2.27
Return on Total Capital	-1.9	-3.23	-1.42	2.32	2.45
Return On Equity %	-4.36	-5.14	-2.07	7.4	4.73
Return on Common Equity	-4.36	-5.14	-2.07	7.4	4.73
Margin Analysis
Gross Profit Margin %	14.79	10	14.33	22.56	24.71
SG&A Margin	21.17	18.73	17.91	16.9	18.57
EBITDA Margin %	4.69	3.06	6.53	14.51	14.66
EBITA Margin %	-6.38	-8.73	-3.58	5.66	6.05
EBIT Margin %	-6.38	-8.73	-3.58	5.66	6.05
Income From Continuing Operations Margin %	-8.49	-8.22	-3.16	10.81	6.85
Net Income Margin %	-8.49	-8.22	-3.16	10.81	6.85
Net Avail. For Common Margin %	-8.49	-8.22	-3.16	10.81	6.85
Normalized Net Income Margin	-3.81	-5.26	-1.8	4.2	4.06
Levered Free Cash Flow Margin	-29.41	4.17	2.75	10.69	7.02
Unlevered Free Cash Flow Margin	-28.97	4.44	2.9	10.92	7.38
Asset Turnover
Asset Turnover	0.45	0.55	0.58	0.6	0.6
Fixed Assets Turnover	1.26	1.45	1.64	1.74	1.79
Receivables Turnover (Average Receivables)	3.9	3.78	3.36	3.55	3.68
Inventory Turnover (Average Inventory)	4.98	4.86	5.35	6.86	8.48
Short Term Liquidity
Current Ratio	7.08	4.5	5.91	7.94	7.53
Quick Ratio	5.59	3.49	4.88	6.99	6.84
Operating Cash Flow to Current Liabilities	-0.1	0.37	0.45	1.91	1.25
Days Sales Outstanding (Average Receivables)	93.5	96.52	108.63	103.01	99.19
Days Outstanding Inventory (Average Inventory)	73.35	75.15	68.18	53.37	43.04
Average Days Payable Outstanding	18.75	35.1	45.4	33.29	25.05
Cash Conversion Cycle (Average Days)	148.1	136.57	131.41	123.09	117.17
Long Term Solvency
Total Debt/Equity	6.82	4.59	1.64	7.14	5.8
Total Debt / Total Capital	6.39	4.39	1.62	6.66	5.49
LT Debt/Equity	4.29	1.61	-	6.07	4.72
Long-Term Debt / Total Capital	4.02	1.54	-	5.66	4.46
Total Liabilities / Total Assets	11.92	13.53	10.41	13.02	13.4
EBIT / Interest Expense	-9.17	-20.79	-15.27	15.44	10.67
EBITDA / Interest Expense	13.69	17.32	45.72	43.61	28.84
(EBITDA - Capex) / Interest Expense	-24.5	-3.95	23.17	22.02	18.05
Total Debt / EBITDA	1.36	0.98	0.23	0.68	0.53
Net Debt / EBITDA	-4.71	-4.81	-3.8	-2.47	-3.11
Total Debt / (EBITDA - Capex)	-0.76	-4.31	0.46	1.34	0.84
Net Debt / (EBITDA - Capex)	2.63	21.06	-7.5	-4.9	-4.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.41	16.12	1.2	7.24	6.94
Gross Profit, 1 Yr. Growth %	-1.96	-21.51	45.08	68.78	17.12
EBITDA, 1 Yr. Growth %	-0.05	-24.17	115.75	138.34	8.02
EBITA, 1 Yr. Growth %	6.6	58.94	-58.49	-269.55	14.38
EBIT, 1 Yr. Growth %	6.6	58.94	-58.49	-269.55	14.38
Earnings From Cont. Operations, 1 Yr. Growth %	73.93	12.45	-61.13	-467.15	-32.21
Net Income, 1 Yr. Growth %	73.93	12.45	-61.13	-467.15	-32.21
Normalized Net Income, 1 Yr. Growth %	21.42	60.42	-65.44	-350.55	3.29
Diluted EPS Before Extra, 1 Yr. Growth %	73.93	12.45	-61.13	-467.16	-32.22
Accounts Receivable, 1 Yr. Growth %	31.01	11.38	16.15	-11.29	19.64
Inventory, 1 Yr. Growth %	65.23	1.71	-26.71	-21.07	-9.41
Net Property, Plant and Equip., 1 Yr. Growth %	11.58	-7.9	-13.47	17.27	-7.44
Total Assets, 1 Yr. Growth %	-4.53	-3.14	-5.37	10.74	5
Tangible Book Value, 1 Yr. Growth %	-4.45	-4.77	-1.64	7.89	4.8
Common Equity, 1 Yr. Growth %	-4.26	-4.91	-1.95	7.5	4.55
Cash From Operations, 1 Yr. Growth %	-114.57	-682.87	-5.11	223.72	-17.86
Capital Expenditures, 1 Yr. Growth %	55.06	-60.97	-40.09	60.6	-17.4
Levered Free Cash Flow, 1 Yr. Growth %	1.02K	-116.48	-33.34	317	-29.75
Unlevered Free Cash Flow, 1 Yr. Growth %	1.3K	-117.78	-33.94	304.39	-27.75
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.95	12.2	8.4	4.17	7.09
Gross Profit, 2 Yr. CAGR %	49.84	-12.28	6.71	56.48	40.6
EBITDA, 2 Yr. CAGR %	6.08	-12.94	27.91	126.77	60.45
EBITA, 2 Yr. CAGR %	-35.49	30.17	-18.78	-16.11	39.26
EBIT, 2 Yr. CAGR %	-35.49	30.17	-18.78	-16.11	39.26
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.18	39.85	-33.88	19.47	57.76
Net Income, 2 Yr. CAGR %	-6.18	39.85	-33.88	19.47	57.76
Normalized Net Income, 2 Yr. CAGR %	-31.88	39.56	-25.54	-6.94	60.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-6.18	39.85	-33.88	19.47	57.76
Accounts Receivable, 2 Yr. CAGR %	12.22	20.8	13.74	1.51	3.02
Inventory, 2 Yr. CAGR %	25.71	29.64	-13.66	-23.94	-15.44
Net Property, Plant and Equip., 2 Yr. CAGR %	31.72	1.37	-10.73	0.73	4.19
Total Assets, 2 Yr. CAGR %	0.83	-3.84	-4.26	2.37	7.83
Tangible Book Value, 2 Yr. CAGR %	-3.54	-4.61	-3.22	3.01	6.33
Common Equity, 2 Yr. CAGR %	-3.39	-4.59	-3.45	2.67	6.02
Cash From Operations, 2 Yr. CAGR %	-14.48	-7.85	135.18	75.27	63.07
Capital Expenditures, 2 Yr. CAGR %	113.09	-22.21	-51.65	-1.91	15.18
Levered Free Cash Flow, 2 Yr. CAGR %	347.79	35.98	-66.85	66.72	71.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	344.48	57.94	-65.73	63.44	70.93
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.43	11.29	8.4	8.01	5.09
Gross Profit, 3 Yr. CAGR %	-15.5	20.79	3.74	24.33	42.08
EBITDA, 3 Yr. CAGR %	-37.58	-5.15	17.81	57.4	77.1
EBITA, 3 Yr. CAGR %	-5.55	-12.87	-11.07	3.81	-6.98
EBIT, 3 Yr. CAGR %	-5.55	-12.87	-11.07	3.81	-6.98
Earnings From Cont. Operations, 3 Yr. CAGR %	7.59	-0.34	-8.73	17.08	-1.1
Net Income, 3 Yr. CAGR %	7.59	-0.34	-8.73	17.08	-1.1
Normalized Net Income, 3 Yr. CAGR %	-6.92	-9.37	-12.36	11.58	-3.65
Diluted EPS Before Extra, 3 Yr. CAGR %	7.59	-0.34	-8.73	17.08	-1.1
Accounts Receivable, 3 Yr. CAGR %	8.12	11.94	19.23	4.7	7.22
Inventory, 3 Yr. CAGR %	4.84	17.14	7.2	-16.2	-19.37
Net Property, Plant and Equip., 3 Yr. CAGR %	13.18	16.91	-3.84	-2.23	-2.07
Total Assets, 3 Yr. CAGR %	-1.32	-0.51	-4.35	0.5	3.24
Tangible Book Value, 3 Yr. CAGR %	-4.47	-3.95	-3.63	0.35	3.61
Common Equity, 3 Yr. CAGR %	-4.21	-3.9	-3.72	0.08	3.29
Cash From Operations, 3 Yr. CAGR %	-53.63	62.14	-6.94	161.61	36.14
Capital Expenditures, 3 Yr. CAGR %	31.94	21.01	-28.69	-27.85	-7.37
Levered Free Cash Flow, 3 Yr. CAGR %	53.91	48.95	7.22	-22.91	24.99
Unlevered Free Cash Flow, 3 Yr. CAGR %	53.12	52.01	18.11	-21.98	24.5
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.54	0.41	3.01	8.39	7.87
Gross Profit, 5 Yr. CAGR %	-18.28	-19.36	-7.23	33.97	17.16
EBITDA, 5 Yr. CAGR %	-33.39	-33.19	-16.84	34.42	33.31
EBITA, 5 Yr. CAGR %	-20.96	-6.03	-11.08	-14.18	6.4
EBIT, 5 Yr. CAGR %	-20.96	-6.03	-11.08	-14.18	6.4
Earnings From Cont. Operations, 5 Yr. CAGR %	-12.13	-3.87	-11.45	7.16	13.6
Net Income, 5 Yr. CAGR %	-12.13	-3.87	-11.45	7.16	13.6
Normalized Net Income, 5 Yr. CAGR %	-21.59	-6.65	-14.87	-8.41	11.74
Diluted EPS Before Extra, 5 Yr. CAGR %	-12.13	-3.87	-11.45	7.16	13.6
Accounts Receivable, 5 Yr. CAGR %	-1.35	3.14	10.34	7.64	12.46
Inventory, 5 Yr. CAGR %	5.67	5.43	-2.99	-1.44	-2.51
Net Property, Plant and Equip., 5 Yr. CAGR %	4.51	5.96	2.93	10.15	-0.7
Total Assets, 5 Yr. CAGR %	-1.62	-1.6	-2.51	0.63	0.35
Tangible Book Value, 5 Yr. CAGR %	-3.22	-3.77	-3.97	-1.22	0.24
Common Equity, 5 Yr. CAGR %	-3.06	-3.63	-3.91	-1.33	0.06
Cash From Operations, 5 Yr. CAGR %	-43.85	-18.53	-11.22	67.27	16.47
Capital Expenditures, 5 Yr. CAGR %	9.13	24.68	-11.69	11.26	-13.62
Levered Free Cash Flow, 5 Yr. CAGR %	22.77	-25.35	-16.72	55.82	29.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	22.26	-24.45	-15.86	56.49	36.93
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-