Income Statement Sino Logistics Corporation Thailand S.E.

Stocks

SINO-R

THB461010R14

Marine Freight & Logistics

End-of-day quote Thailand S.E. 2026-08-18			5-day change	1st Jan Change
0.9700 ^THB	+1.04%		+1.04%	+1.04%

08-06	Sino Logistics Corporation Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-06	Sino Logistics Corporation Public Company Limited Announces Interim Cash Dividend for the Operating Period from 01 January 2026 to 30 June 2026, Payable on September 03, 2026	CI

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Published financial data: SINO LOGISTICS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	4.68B	5.91B	1.8B	3.69B	2.83B
Other Revenues, Total	1.82M	24.06M	10.22M	5.32M	15.07M
Total Revenues	4.69B	5.93B	1.81B	3.7B	2.84B
Cost of Goods Sold, Total	3.83B	4.56B	1.42B	3.21B	2.39B
Gross Profit	854M	1.37B	388M	491M	454M
Selling General & Admin Expenses, Total	337M	500M	306M	349M	367M
Stock-Based Compensation (IS)	79.34M	-	-	-	-
Other Operating Expenses, Total	416M	500M	306M	349M	367M
Operating Income	438M	870M	81.33M	142M	87.95M
Interest Expense, Total	-19.03M	-8.79M	-15.6M	-12.73M	-11.72M
Interest And Investment Income	110K	573K	2.3M	1.37M	1.05M
Net Interest Expenses	-18.92M	-8.21M	-13.3M	-11.36M	-10.67M
Income (Loss) On Equity Invest.	-	-	-	620K	2.63M
Currency Exchange Gains (Loss)	-350K	-	-	-21.79M	-
EBT, Excl. Unusual Items	418M	862M	68.04M	109M	79.91M
EBT, Incl. Unusual Items	418M	862M	68.04M	109M	79.91M
Income Tax Expense	99.37M	170M	15.34M	21.77M	16.27M
Earnings From Continuing Operations	319M	691M	52.69M	87.59M	63.64M
Net Income to Company	319M	691M	52.69M	87.59M	63.64M
Net Income - (IS)	319M	691M	52.69M	87.59M	63.64M
Net Income to Common Incl Extra Items	319M	691M	52.69M	87.59M	63.64M
Net Income to Common Excl. Extra Items	319M	691M	52.69M	87.59M	63.64M
Per Share Items
Net EPS - Basic	1.43	1.34	0.06	0.08	0.06
Basic EPS - Continuing Operations	1.43	1.34	0.06	0.08	0.06
Basic Weighted Average Shares Outstanding	223M	516M	869M	1.04B	1.04B
Net EPS - Diluted	1.43	1.34	0.06	0.08	0.06
Diluted EPS - Continuing Operations	1.43	1.34	0.06	0.08	0.06
Diluted Weighted Average Shares Outstanding	223M	516M	869M	1.04B	1.04B
Normalized Basic EPS	1.17	1.04	0.05	0.07	0.05
Normalized Diluted EPS	1.17	1.04	0.05	0.07	0.05
Dividend Per Share	380	0.35	0.01	0.08	0.06
Payout Ratio	36.05	101.9	303.65	34.12	148.78
Supplemental Items
EBITDA	439M	873M	87.1M	148M	95.18M
EBITA	438M	870M	81.33M	142M	87.95M
EBIT	438M	870M	81.33M	142M	87.95M
EBITDAR	-	873M	87.62M	150M	96.55M
Total Revenues (As Reported)	4.68B	5.93B	1.81B	3.7B	2.84B
Effective Tax Rate - (Ratio)	23.75	19.78	22.55	19.91	20.36
Total Current Taxes	100M	172M	14.45M	22.58M	17.64M
Total Deferred Taxes	-905K	-1.26M	894K	-808K	-1.37M
Normalized Net Income	262M	539M	42.52M	68.35M	49.95M
Interest on Long-Term Debt	1.74M	5.19M	13.92M	11.45M	10.47M
Non-Cash Pension Expense	91K	115K	770K	931K	1.18M
Supplemental Operating Expense Items
Advertising Expense	13.69M	22.72M	-	-	-
Selling and Marketing Expenses	207M	306M	105M	142M	134M
General and Administrative Expenses	130M	194M	202M	207M	232M
Net Rental Expense, Total	-	110K	517K	1.47M	1.37M
Imputed Operating Lease Interest Expense	-	63.66K	385K	895K	905K
Imputed Operating Lease Depreciation	-	46.34K	132K	572K	469K
Stock-Based Comp., Other (Total)	79.34M	-	-	-	-
Total Stock-Based Compensation	79.34M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	231M	690M	160M	311M	264M
Short Term Investments	-	-	20.44M	-	-
Trading Asset Securities, Total	-	-	502M	251M	301M
Total Cash And Short Term Investments	231M	690M	683M	563M	565M
Accounts Receivable, Total	843M	243M	248M	439M	336M
Other Receivables	1.12M	2.33M	1.75M	1.63M	2.79M
Notes Receivable	-	-	-	5.55M	2.78M
Total Receivables	844M	246M	250M	446M	342M
Prepaid Expenses	5.19M	-	-	-	-
Other Current Assets, Total	285M	69.75M	107M	182M	102M
Total Current Assets	1.37B	1.01B	1.04B	1.19B	1.01B
Gross Property Plant And Equipment	54.29M	166M	296M	214M	304M
Accumulated Depreciation	-5.07M	-7.2M	-18.55M	-26M	-32.67M
Net Property Plant And Equipment	49.22M	159M	277M	188M	271M
Long-term Investments	-	-	-	3.19M	7.9M
Other Intangibles, Total	561K	1.59M	1.42M	1.24M	8.36M
Deferred Tax Assets Long-Term	3.79M	7.23M	7.18M	8.21M	8.51M
Other Long-Term Assets, Total	36.75M	34.57M	47.18M	44.83M	74.57M
Total Assets	1.46B	1.21B	1.37B	1.44B	1.38B
Liabilities
Accounts Payable, Total	233M	133M	70.49M	93.23M	72.71M
Accrued Expenses, Total	78.89M	20.27M	10.92M	1.84M	3.06M
Short-term Borrowings	90.32M	-	-	-	-
Current Portion of Long-Term Debt	6.86M	-	-	-	-
Current Portion of Leases	7.67M	40.99M	84.56M	48.61M	72.27M
Current Income Taxes Payable	50.53M	45.82M	-	2.25M	-
Unearned Revenue Current, Total	-	69.56M	101M	169M	106M
Other Current Liabilities	572M	163M	76.64M	109M	85.25M
Total Current Liabilities	1.04B	473M	344M	424M	339M
Long-Term Debt	12.19M	-	-	-	3M
Long-Term Leases	15.71M	69.12M	140M	60.44M	100M
Pension & Other Post Retirement Benefits	6.11M	18.45M	27.07M	33.09M	36.35M
Other Non Current Liabilities	-	-	-	-	6.12M
Total Liabilities	1.07B	560M	511M	517M	485M
Common Stock, Total	112M	400M	520M	520M	520M
Additional Paid In Capital	-	-	205M	205M	205M
Retained Earnings	210M	188M	77.81M	135M	110M
Comprehensive Income and Other	59.5M	59.5M	59.5M	58.63M	59.53M
Total Common Equity	382M	648M	862M	919M	894M
Total Equity	382M	648M	862M	919M	894M
Total Liabilities And Equity	1.46B	1.21B	1.37B	1.44B	1.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	223M	800M	1.04B	1.04B	1.04B
ECS Total Common Shares Outstanding	223M	800M	1.04B	1.04B	1.04B
Book Value / Share	1.71	0.81	0.83	0.88	0.86
Tangible Book Value	381M	646M	861M	918M	886M
Tangible Book Value Per Share	1.71	0.81	0.83	0.88	0.85
Total Debt	133M	110M	225M	109M	176M
Net Debt	-97.94M	-580M	-458M	-454M	-389M
Debt Equivalent Oper. Leases	-	880K	4.14M	11.74M	10.99M
Equity Method Investments, Total	-	-	-	3.19M	7.9M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	20.16M	20.16M	20.16M	-	-
Machinery, Total	8.63M	-	29.12M	30.74M	64.09M
Full Time Employees	102	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	12.72M	13.09M	6.24M	5.49M	5.94M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	319M	691M	52.69M	87.59M	63.64M
Depreciation & Amortization - CF	9.38M	32.72M	78.75M	87.23M	93.21M
Depreciation & Amortization, Total	9.38M	32.72M	78.75M	87.23M	93.21M
(Gain) Loss From Sale Of Asset	-2.25K	750	69.34K	1.32M	-4.63M
(Gain) Loss on Sale of Investments - (CF)	-	-	-2.4M	-7.09M	-4.69M
(Income) Loss On Equity Investments - (CF)	-	-	-	-620K	-2.63M
Stock-Based Compensation (CF)	79.34M	-	-	-	-
Provision and Write-off of Bad Debts	2.97M	367K	-6.84M	-751K	452K
Other Operating Activities, Total	50.89M	-8.37M	-43.89M	7.39M	9.75M
Change In Accounts Receivable	-679M	592M	-6.8M	-192M	104M
Change In Accounts Payable	361M	-190M	-128M	35.71M	-41.04M
Change in Unearned Revenues	-	-242M	31.41M	67.81M	-63.13M
Change In Income Taxes	1.93M	-	-	-	-
Change in Other Net Operating Assets	116M	155M	-72.47M	-39.64M	48.72M
Cash from Operations	261M	1.03B	-97.72M	46.93M	204M
Capital Expenditure	-23.03M	-12.4M	-10.25M	-1.47M	-34.2M
Sale of Property, Plant, and Equipment	2.25K	8.41K	182K	422K	24.93M
Cash Acquisitions	-30.61M	-	-	-	-
Divestitures	-	-	-	-	-28.65M
Sale (Purchase) of Intangible assets	-	-1.13M	-5K	-	-7.31M
Investment in Marketable and Equity Securities, Total	-	-	-521M	266M	-46.69M
Other Investing Activities, Total	-8.2M	-1.49M	1.79M	-3.97M	3.06M
Cash from Investing	-61.85M	-15.01M	-529M	261M	-88.88M
Short Term Debt Issued, Total	35.56M	-	-	-	-
Long-Term Debt Issued, Total	13.86M	-	-	-	-
Total Debt Issued	49.42M	-	-	-	-
Short Term Debt Repaid, Total	-	-90.32M	-	-	-
Long-Term Debt Repaid, Total	-14.81M	-49.6M	-68.04M	-127M	-68M
Total Debt Repaid	-14.81M	-140M	-68.04M	-127M	-68M
Issuance of Common Stock	102M	288M	325M	-	-
Common Dividends Paid	-115M	-704M	-160M	-29.89M	-94.68M
Common & Preferred Stock Dividends Paid	-115M	-704M	-160M	-29.89M	-94.68M
Cash from Financing	21.28M	-556M	96.78M	-157M	-163M
Net Change in Cash	221M	460M	-530M	151M	-47.51M
Supplemental Items
Cash Interest Paid	10.71M	7.55M	15.6M	12.73M	11.72M
Cash Income Tax Paid (Refund)	51.83M	182M	69.43M	21.12M	22.6M
Levered Free Cash Flow	200M	873M	-104M	11.11M	175M
Unlevered Free Cash Flow	212M	879M	-94.74M	19.07M	183M
Change In Net Working Capital	127M	-316M	214M	155M	-76.13M
Net Debt Issued / Repaid	34.61M	-140M	-68.04M	-127M	-68M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	32.86	40.82	3.94	6.31	3.91
Return on Total Capital	90.07	85.47	5.51	8.39	5.24
Return On Equity %	156.28	134.29	6.98	9.84	7.02
Return on Common Equity	156.28	134.29	6.98	9.84	7.02
Margin Analysis
Gross Profit Margin %	18.23	23.1	21.42	13.26	15.99
SG&A Margin	7.19	8.43	16.92	9.43	12.9
EBITDA Margin %	9.37	14.72	4.81	4.01	3.35
EBITA Margin %	9.34	14.67	4.49	3.83	3.09
EBIT Margin %	9.34	14.67	4.49	3.83	3.09
Income From Continuing Operations Margin %	6.81	11.66	2.91	2.37	2.24
Net Income Margin %	6.81	11.66	2.91	2.37	2.24
Net Avail. For Common Margin %	6.81	11.66	2.91	2.37	2.24
Normalized Net Income Margin	5.58	9.08	2.35	1.85	1.76
Levered Free Cash Flow Margin	4.27	14.72	-5.77	0.3	6.17
Unlevered Free Cash Flow Margin	4.52	14.82	-5.23	0.52	6.43
Asset Turnover
Asset Turnover	5.63	4.45	1.4	2.63	2.02
Fixed Assets Turnover	185.27	56.96	8.3	15.91	12.39
Receivables Turnover (Average Receivables)	9.38	10.87	7.32	10.75	7.29
Short Term Liquidity
Current Ratio	1.31	2.13	3.03	2.81	2.98
Quick Ratio	1.03	1.98	2.71	2.37	2.67
Operating Cash Flow to Current Liabilities	0.25	2.18	-0.28	0.11	0.6
Days Sales Outstanding (Average Receivables)	38.91	33.56	49.84	34.05	50.05
Average Days Payable Outstanding	15.23	14.68	26.16	9.34	12.68
Long Term Solvency
Total Debt/Equity	34.8	16.99	26.06	11.87	19.63
Total Debt / Total Capital	25.81	14.52	20.67	10.61	16.41
LT Debt/Equity	7.31	10.67	16.25	6.58	11.55
Long-Term Debt / Total Capital	5.43	9.12	12.89	5.88	9.66
Total Liabilities / Total Assets	73.79	46.37	37.2	36.02	35.15
EBIT / Interest Expense	23	99.02	5.21	11.15	7.5
EBITDA / Interest Expense	23.5	102.75	10.26	18	15.46
(EBITDA - Capex) / Interest Expense	22.29	101.34	9.61	17.89	12.54
Total Debt / EBITDA	0.3	0.12	1.4	0.48	0.97
Net Debt / EBITDA	-0.22	-0.64	-2.86	-1.98	-2.15
Total Debt / (EBITDA - Capex)	0.31	0.12	1.5	0.48	1.19
Net Debt / (EBITDA - Capex)	-0.23	-0.65	-3.06	-1.99	-2.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	472.35	26.59	-69.48	104.39	-23.18
Gross Profit, 1 Yr. Growth %	843.68	56.65	-71.7	26.56	-7.37
EBITDA, 1 Yr. Growth %	-	98.96	-90.02	57.85	-35.77
EBITA, 1 Yr. Growth %	1.15K	98.92	-90.65	61.02	-38.01
EBIT, 1 Yr. Growth %	1.15K	98.92	-90.65	61.02	-38.01
Earnings From Cont. Operations, 1 Yr. Growth %	1.19K	116.66	-92.38	66.22	-27.34
Net Income, 1 Yr. Growth %	1.19K	116.66	-92.38	66.22	-27.34
Normalized Net Income, 1 Yr. Growth %	1.24K	105.95	-92.1	60.73	-26.92
Diluted EPS Before Extra, 1 Yr. Growth %	15.75	-6.15	-95.48	38.89	-27.34
Accounts Receivable, 1 Yr. Growth %	441.44	-71.13	1.97	77.02	-23.49
Net Property, Plant and Equip., 1 Yr. Growth %	3.53K	223.05	74.48	-32.32	44.29
Total Assets, 1 Yr. Growth %	594.25	-16.97	13.61	4.61	-3.99
Tangible Book Value, 1 Yr. Growth %	1.35K	69.68	33.16	6.61	-3.46
Common Equity, 1 Yr. Growth %	1.32K	69.85	33.05	6.58	-2.68
Cash From Operations, 1 Yr. Growth %	-	294.34	-109.48	-148.02	334.83
Capital Expenditures, 1 Yr. Growth %	-	-46.16	-17.32	-85.64	2.22K
Levered Free Cash Flow, 1 Yr. Growth %	-	337.01	-111.97	-111.09	1.48K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	315.06	-110.78	-121.07	858.58
Dividend Per Share, 1 Yr. Growth %	-	-99.91	-95.88	433.34	-25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	182.68	169.16	-37.84	-21.01	25.31
Gross Profit, 2 Yr. CAGR %	268.15	289.1	-33.42	-40.16	8.28
EBITDA, 2 Yr. CAGR %	398.27	-	-55.44	-58.79	0.69
EBITA, 2 Yr. CAGR %	426.29	397.63	-56.88	-59.62	-0.09
EBIT, 2 Yr. CAGR %	426.29	397.63	-56.88	-59.62	-0.09
Earnings From Cont. Operations, 2 Yr. CAGR %	601	429.21	-59.36	-64.4	9.9
Net Income, 2 Yr. CAGR %	601	429.21	-59.36	-64.4	9.9
Normalized Net Income, 2 Yr. CAGR %	574.44	425.26	-59.68	-64.38	8.38
Diluted EPS Before Extra, 2 Yr. CAGR %	109.77	4.23	-79.4	-74.94	0.46
Accounts Receivable, 2 Yr. CAGR %	212.9	25.03	-45.74	34.35	16.37
Net Property, Plant and Equip., 2 Yr. CAGR %	394.75	982.81	137.41	8.67	-1.18
Total Assets, 2 Yr. CAGR %	239.96	140.09	-2.88	9.02	0.22
Tangible Book Value, 2 Yr. CAGR %	931.29	395.66	50.31	19.15	1.45
Common Equity, 2 Yr. CAGR %	862.68	391.73	50.33	19.08	1.84
Cash From Operations, 2 Yr. CAGR %	-	-	-38.86	-78.66	44.5
Capital Expenditures, 2 Yr. CAGR %	-	-	-33.28	-65.54	82.65
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-27.68	-88.72	32.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-33.1	-85.27	42.12
Dividend Per Share, 2 Yr. CAGR %	-	-	-99.39	-53.12	100
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	106.83	116.26	30.28	-7.57	-21.74
Gross Profit, 3 Yr. CAGR %	155.34	179.12	62.41	-17.53	-30.78
EBITDA, 3 Yr. CAGR %	258.69	266.82	-	-30.35	-52.22
EBITA, 3 Yr. CAGR %	284.16	280.42	32.29	-31.29	-53.41
EBIT, 3 Yr. CAGR %	284.16	280.42	32.29	-31.29	-53.41
Earnings From Cont. Operations, 3 Yr. CAGR %	589.75	373.96	28.76	-35.01	-54.85
Net Income, 3 Yr. CAGR %	589.75	373.96	28.76	-35.01	-54.85
Normalized Net Income, 3 Yr. CAGR %	512.86	354.17	29.63	-36.06	-54.74
Diluted EPS Before Extra, 3 Yr. CAGR %	-	60.44	-63.37	-61.08	-64.26
Accounts Receivable, 3 Yr. CAGR %	131.69	41.4	16.82	-19.52	11.36
Net Property, Plant and Equip., 3 Yr. CAGR %	142.91	329.22	489.22	56.25	19.44
Total Assets, 3 Yr. CAGR %	141.57	112.5	87.09	-0.44	4.5
Tangible Book Value, 3 Yr. CAGR %	405.04	465.11	219.82	34.05	11.08
Common Equity, 3 Yr. CAGR %	443.53	439.94	218.04	34.04	11.33
Cash From Operations, 3 Yr. CAGR %	-	-	-	-43.59	-41.72
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-60.01	40.24
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-61.83	-41.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-55.17	-40.75
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-94.13	-45.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	27.87	44.55	28.27
Gross Profit, 5 Yr. CAGR %	-	-	49.86	50.76	38.1
EBITDA, 5 Yr. CAGR %	-	-	55.72	52.99	-
EBITA, 5 Yr. CAGR %	-	-	60.15	55.11	20.15
EBIT, 5 Yr. CAGR %	-	-	60.15	55.11	20.15
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	122.23	68.27	20.86
Net Income, 5 Yr. CAGR %	-	-	122.23	68.27	20.86
Normalized Net Income, 5 Yr. CAGR %	-	-	106.37	64.07	20.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-23.65	-45.16
Accounts Receivable, 5 Yr. CAGR %	-	-	29.64	38.54	16.64
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	140.7	147.77	188.48
Total Assets, 5 Yr. CAGR %	-	-	67.79	62.71	45.75
Tangible Book Value, 5 Yr. CAGR %	-	-	211.02	203.19	102.04
Common Equity, 5 Yr. CAGR %	-	-	225.05	194.95	101.68