Income Statement Southern Concrete Pile

Stocks

SCP

TH0240010Z02

Construction Materials

End-of-day quote Thailand S.E. 2026-09-10			5-day change	1st Jan Change
9.100 ^THB	0.00%		0.00%	+12.35%

08-16	Southern Concrete Pile Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-14	Southern Concrete Pile Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: SOUTHERN CONCRETE PILE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.55B	1.61B	1.84B	2.19B	2.25B
Other Revenues, Total	16.45M	12.01M	17.28M	26.4M	28.91M
Total Revenues	1.57B	1.62B	1.86B	2.22B	2.28B
Cost of Goods Sold, Total	1.23B	1.3B	1.47B	1.6B	1.62B
Gross Profit	336M	323M	387M	625M	662M
Selling General & Admin Expenses, Total	214M	218M	202M	241M	292M
Other Operating Expenses, Total	214M	218M	202M	241M	292M
Operating Income	122M	106M	186M	384M	370M
Interest Expense, Total	-3.35M	-2.77M	-2.56M	-4.45M	-5.58M
Net Interest Expenses	-3.35M	-2.77M	-2.56M	-4.45M	-5.58M
EBT, Excl. Unusual Items	118M	103M	183M	380M	365M
Gain (Loss) On Sale Of Assets	3.12M	553K	196K	393K	941K
EBT, Incl. Unusual Items	122M	103M	183M	380M	365M
Income Tax Expense	31.27M	25.43M	36.89M	76.23M	72.83M
Earnings From Continuing Operations	90.31M	77.9M	147M	304M	293M
Net Income to Company	90.31M	77.9M	147M	304M	293M
Net Income - (IS)	90.31M	77.9M	147M	304M	293M
Net Income to Common Incl Extra Items	90.31M	77.9M	147M	304M	293M
Net Income to Common Excl. Extra Items	90.31M	77.9M	147M	304M	293M
Per Share Items
Net EPS - Basic	0.31	0.27	0.52	1.08	1.04
Basic EPS - Continuing Operations	0.31	0.27	0.52	1.08	1.04
Basic Weighted Average Shares Outstanding	291M	284M	282M	282M	282M
Net EPS - Diluted	0.31	0.27	0.52	1.08	1.04
Diluted EPS - Continuing Operations	0.31	0.27	0.52	1.08	1.04
Diluted Weighted Average Shares Outstanding	291M	284M	282M	282M	282M
Normalized Basic EPS	0.25	0.23	0.41	0.84	0.81
Normalized Diluted EPS	0.25	0.23	0.41	0.84	0.81
Dividend Per Share	0.15	0.15	0.35	1.5	1
Payout Ratio	122.45	55.54	28.9	32.52	144.71
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	126M	175M	238M	433M	424M
EBITA	122M	106M	186M	384M	370M
EBIT	122M	106M	186M	384M	370M
EBITDAR	127M	175M	-	-	-
Total Revenues (As Reported)	1.57B	1.62B	1.86B	2.22B	2.28B
Effective Tax Rate - (Ratio)	25.72	24.61	20.11	20.06	19.93
Current Domestic Taxes	-	-	-	76.29M	73.77M
Total Current Taxes	32.58M	28.87M	37.4M	76.29M	73.77M
Deferred Domestic Taxes	-	-	-	-66.14K	-939K
Total Deferred Taxes	-1.3M	-3.43M	-512K	-66.14K	-939K
Normalized Net Income	74.04M	64.24M	115M	237M	228M
Interest on Long-Term Debt	3.35M	2.77M	2.56M	4.45M	5.58M
Non-Cash Pension Expense	1.29M	1.38M	1.31M	1.24M	1.24M
Supplemental Operating Expense Items
Selling and Marketing Expenses	27.24M	27.57M	30.68M	30.48M	35.08M
General and Administrative Expenses	187M	190M	171M	210M	257M
Net Rental Expense, Total	540K	180K	-	-	-
Imputed Operating Lease Interest Expense	531K	172K	-	-	-
Imputed Operating Lease Depreciation	9.19K	8.24K	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	545M	653M	524M	630M	962M
Short Term Investments	100M	-	302M	357M	-
Trading Asset Securities, Total	344M	340M	344M	543M	450M
Total Cash And Short Term Investments	989M	993M	1.17B	1.53B	1.41B
Accounts Receivable, Total	360M	311M	405M	322M	334M
Other Receivables	8.5M	9.75M	13.84M	20.86M	12.6M
Total Receivables	369M	321M	419M	343M	346M
Inventory	306M	350M	277M	224M	235M
Total Current Assets	1.66B	1.66B	1.87B	2.1B	1.99B
Gross Property Plant And Equipment	1.77B	1.8B	1.83B	1.92B	1.94B
Accumulated Depreciation	-1.17B	-1.24B	-1.28B	-1.31B	-1.33B
Net Property Plant And Equipment	593M	562M	546M	609M	610M
Long-term Investments	89.56M	84.16M	54.49M	42.35M	33.7M
Deferred Tax Assets Long-Term	1.32M	4.7M	11.15M	13.64M	17.15M
Other Long-Term Assets, Total	28.9M	27.1M	27.21M	27.7M	27.88M
Total Assets	2.38B	2.34B	2.51B	2.79B	2.68B
Liabilities
Accounts Payable, Total	140M	114M	150M	117M	149M
Accrued Expenses, Total	46.86M	45.69M	82.55M	114M	149M
Current Portion of Leases	4.1M	2.67M	4.83M	16.77M	18.47M
Current Income Taxes Payable	7.18M	10.92M	20.02M	34.7M	24.36M
Other Current Liabilities	27.25M	30.06M	30.7M	64.46M	49.05M
Total Current Liabilities	225M	203M	289M	347M	390M
Long-Term Leases	21.59M	18.17M	19.93M	50.47M	34.5M
Pension & Other Post Retirement Benefits	57.14M	55.71M	52.5M	52.6M	58.07M
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	304M	277M	361M	450M	483M
Common Stock, Total	300M	300M	282M	282M	282M
Retained Earnings	1.81B	1.85B	1.87B	2.08B	1.94B
Treasury Stock	-61.01M	-104M	-	-	-
Comprehensive Income and Other	18.95M	14.63M	-9.11M	-18.82M	-25.74M
Total Common Equity	2.07B	2.06B	2.15B	2.34B	2.2B
Total Equity	2.07B	2.06B	2.15B	2.34B	2.2B
Total Liabilities And Equity	2.38B	2.34B	2.51B	2.79B	2.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	290M	282M	282M	282M	282M
ECS Total Common Shares Outstanding	290M	282M	282M	282M	282M
Book Value / Share	7.15	7.31	7.6	8.29	7.79
Tangible Book Value	2.07B	2.06B	2.15B	2.34B	2.2B
Tangible Book Value Per Share	7.15	7.31	7.6	8.29	7.79
Total Debt	25.69M	20.83M	24.77M	67.24M	52.97M
Net Debt	-1.05B	-1.06B	-1.2B	-1.5B	-1.39B
Debt Equivalent of Unfunded Proj. Benefit Obligation	57.14M	55.71M	52.5M	52.6M	58.07M
Debt Equivalent Oper. Leases	4.32M	1.44M	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	172M	190M	127M	109M	102M
Inventories - Work In Process, Total	1.1M	443K	480K	728K	648K
Inventories - Finished Goods, Total	136M	158M	152M	117M	133M
Inventories - Others	17.29M	18.73M	18.3M	19.93M	18.79M
Land - (BS)	228M	253M	253M	253M	253M
Buildings, Total	290M	292M	294M	294M	298M
Machinery, Total	1.19B	1.21B	1.22B	1.25B	1.32B
Accumulated Allowance for Doubtful Accounts (Supple)	93.49M	127M	128M	129M	124M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	90.31M	77.9M	147M	304M	293M
Depreciation & Amortization - CF	74.71M	73.28M	55.81M	51.98M	56.38M
Depreciation & Amortization, Total	74.71M	73.28M	55.81M	51.98M	56.38M
(Gain) Loss From Sale Of Asset	-3.03M	-553K	-196K	-393K	-941K
(Gain) Loss on Sale of Investments - (CF)	-1.73M	3.68M	-4.15M	-6.97M	-6.57M
Asset Writedown & Restructuring Costs	45.78K	204K	374K	164K	156K
Provision for Credit Losses	-	-	-	-	-
Provision and Write-off of Bad Debts	44.03M	42.47M	1.12M	5.05M	-8.21M
Other Operating Activities, Total	-13.21M	414K	11.1M	9.82M	-14.98M
Change In Accounts Receivable	7.02M	8.49M	-98.83M	72.94M	2.27M
Change In Inventories	-93.73M	-40.9M	69.38M	50.86M	-8.4M
Change In Accounts Payable	-9.42M	-24.13M	73.87M	31.34M	52.28M
Change in Other Net Operating Assets	2.54M	-1.6M	-9.74M	-5.73M	-3.73M
Cash from Operations	97.53M	139M	245M	513M	361M
Capital Expenditure	-24.58M	-44.11M	-32.74M	-67.3M	-59.37M
Sale of Property, Plant, and Equipment	3.12M	553K	196K	2.9M	6.13M
Investment in Marketable and Equity Securities, Total	320M	100M	-302M	-246M	456M
Other Investing Activities, Total	12.42M	2.59M	7.46M	12.4M	11.69M
Cash from Investing	311M	59.03M	-327M	-298M	415M
Long-Term Debt Repaid, Total	-6.85M	-2.98M	-2.79M	-8.27M	-17M
Total Debt Repaid	-6.85M	-2.98M	-2.79M	-8.27M	-17M
Repurchase of Common Stock	-7.8M	-42.86M	-	-	-
Common Dividends Paid	-111M	-43.27M	-42.34M	-98.8M	-423M
Common & Preferred Stock Dividends Paid	-111M	-43.27M	-42.34M	-98.8M	-423M
Other Financing Activities, Total	-1.64M	-1.35M	-1.18M	-1.94M	-3.14M
Cash from Financing	-127M	-90.46M	-46.32M	-109M	-444M
Net Change in Cash	282M	108M	-128M	106M	332M
Supplemental Items
Cash Interest Paid	1.64M	1.35M	1.18M	1.94M	3.14M
Cash Income Tax Paid (Refund)	45.57M	25.12M	28.3M	61.61M	84.11M
Levered Free Cash Flow	63.22M	77.36M	195M	397M	253M
Unlevered Free Cash Flow	65.31M	79.1M	196M	400M	256M
Change In Net Working Capital	60.94M	16.04M	-57.06M	-175M	-27.69M
Net Debt Issued / Repaid	-6.85M	-2.98M	-2.79M	-8.27M	-17M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	3.19	2.8	4.79	9.07	8.45
Return on Total Capital	3.63	3.15	5.46	10.49	9.93
Return On Equity %	4.36	3.77	6.96	13.55	12.89
Return on Common Equity	4.36	3.77	6.96	13.55	12.89
Margin Analysis
Gross Profit Margin %	21.43	19.94	20.84	28.13	29
SG&A Margin	13.66	13.43	10.85	10.84	12.78
EBITDA Margin %	8.05	10.79	12.82	19.5	18.57
EBITA Margin %	7.77	6.51	9.99	17.3	16.22
EBIT Margin %	7.77	6.51	9.99	17.3	16.22
Income From Continuing Operations Margin %	5.76	4.8	7.88	13.68	12.82
Net Income Margin %	5.76	4.8	7.88	13.68	12.82
Net Avail. For Common Margin %	5.76	4.8	7.88	13.68	12.82
Normalized Net Income Margin	4.72	3.96	6.16	10.69	9.98
Levered Free Cash Flow Margin	4.03	4.77	10.47	17.89	11.07
Unlevered Free Cash Flow Margin	4.17	4.88	10.55	18.01	11.22
Asset Turnover
Asset Turnover	0.66	0.69	0.77	0.84	0.83
Fixed Assets Turnover	2.54	2.81	3.36	3.84	3.74
Receivables Turnover (Average Receivables)	4.02	4.8	5.14	6.03	6.87
Inventory Turnover (Average Inventory)	4.74	3.96	4.7	6.36	7.06
Short Term Liquidity
Current Ratio	7.39	8.18	6.47	6.05	5.11
Quick Ratio	6.03	6.46	5.51	5.4	4.51
Operating Cash Flow to Current Liabilities	0.43	0.68	0.85	1.48	0.92
Days Sales Outstanding (Average Receivables)	90.87	76.09	70.96	60.65	53.11
Days Outstanding Inventory (Average Inventory)	77.01	92.17	77.73	57.51	51.72
Average Days Payable Outstanding	35.43	34.53	34.5	31.71	29.77
Cash Conversion Cycle (Average Days)	132.45	133.74	114.2	86.45	75.07
Long Term Solvency
Total Debt/Equity	1.24	1.01	1.15	2.87	2.41
Total Debt / Total Capital	1.22	1	1.14	2.79	2.35
LT Debt/Equity	1.04	0.88	0.93	2.16	1.57
Long-Term Debt / Total Capital	1.03	0.87	0.92	2.1	1.53
Total Liabilities / Total Assets	12.79	11.84	14.4	16.11	18
EBIT / Interest Expense	36.36	38.04	72.61	86.39	66.35
EBITDA / Interest Expense	58.67	64.45	94.42	98.08	76.46
(EBITDA - Capex) / Interest Expense	51.33	48.56	81.63	82.94	65.81
Total Debt / EBITDA	0.13	0.12	0.1	0.15	0.12
Net Debt / EBITDA	-5.36	-5.91	-4.97	-3.45	-3.27
Total Debt / (EBITDA - Capex)	0.15	0.15	0.12	0.18	0.14
Net Debt / (EBITDA - Capex)	-6.12	-7.84	-5.75	-4.08	-3.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.52	3.47	14.64	19.43	2.76
Gross Profit, 1 Yr. Growth %	-30.38	-3.71	19.8	61.25	5.92
EBITDA, 1 Yr. Growth %	-55.35	-8.9	36.23	81.64	-2.17
EBITA, 1 Yr. Growth %	-56.28	-13.34	76	106.76	-3.65
EBIT, 1 Yr. Growth %	-56.28	-13.34	76	106.76	-3.65
Earnings From Cont. Operations, 1 Yr. Growth %	-58.12	-13.74	88.09	107.35	-3.69
Net Income, 1 Yr. Growth %	-58.12	-13.74	88.09	107.35	-3.69
Normalized Net Income, 1 Yr. Growth %	-56.8	-13.24	78.26	107.22	-3.99
Diluted EPS Before Extra, 1 Yr. Growth %	-57.32	-11.74	89.46	107.35	-3.69
Accounts Receivable, 1 Yr. Growth %	-12.54	-13.69	30.34	-20.57	3.7
Inventory, 1 Yr. Growth %	43.22	14.29	-20.74	-19.08	4.73
Net Property, Plant and Equip., 1 Yr. Growth %	-7.59	-5.17	-2.96	11.63	0.07
Total Assets, 1 Yr. Growth %	-0.91	-1.46	7.01	11.33	-3.87
Tangible Book Value, 1 Yr. Growth %	-0	-0.39	3.9	9.1	-6.03
Common Equity, 1 Yr. Growth %	-0	-0.39	3.9	9.1	-6.03
Cash From Operations, 1 Yr. Growth %	-65.4	42.77	76.12	109.12	-29.64
Capital Expenditures, 1 Yr. Growth %	-71.21	79.45	-25.79	105.59	-11.78
Levered Free Cash Flow, 1 Yr. Growth %	-61.45	22.37	151.6	104.08	-36.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-60.82	21.1	148.1	103.84	-36
Dividend Per Share, 1 Yr. Growth %	-60.53	0	133.33	328.57	-33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.58	-1.65	8.92	17.01	10.79
Gross Profit, 2 Yr. CAGR %	-20.95	-18.12	7.4	38.99	30.69
EBITDA, 2 Yr. CAGR %	-42.82	-21.32	11.4	57.31	33.3
EBITA, 2 Yr. CAGR %	-37.38	-38.44	23.5	90.76	41.14
EBIT, 2 Yr. CAGR %	-37.38	-38.44	23.5	90.76	41.14
Earnings From Cont. Operations, 2 Yr. CAGR %	-39.14	-39.9	27.38	97.49	41.32
Net Income, 2 Yr. CAGR %	-39.14	-39.9	27.38	97.49	41.32
Normalized Net Income, 2 Yr. CAGR %	-37.73	-38.78	24.36	92.19	41.05
Diluted EPS Before Extra, 2 Yr. CAGR %	-38.2	-38.63	29.31	98.2	41.32
Accounts Receivable, 2 Yr. CAGR %	-10.71	-13.12	6.06	1.75	-9.24
Inventory, 2 Yr. CAGR %	20.3	27.94	-4.82	-19.92	-7.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.09	-6.39	-4.07	4.08	5.69
Total Assets, 2 Yr. CAGR %	-0.07	-1.19	2.69	9.15	3.45
Tangible Book Value, 2 Yr. CAGR %	0.96	-0.19	1.73	6.47	1.26
Common Equity, 2 Yr. CAGR %	0.96	-0.19	1.73	6.47	1.26
Cash From Operations, 2 Yr. CAGR %	-47.94	-29.71	58.57	91.92	21.3
Capital Expenditures, 2 Yr. CAGR %	-43.87	-28.12	15.4	23.52	34.67
Levered Free Cash Flow, 2 Yr. CAGR %	-46.84	-31.31	75.47	126.6	13.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-46.35	-31.12	73.34	124.88	14.21
Dividend Per Share, 2 Yr. CAGR %	-38.76	-37.17	52.75	216.23	69.03
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.79	-6.12	3.5	12.31	12.06
Gross Profit, 3 Yr. CAGR %	-16.65	-15.58	-7.05	22.98	26.96
EBITDA, 3 Yr. CAGR %	-33.21	-23.18	-5.52	31.12	34.27
EBITA, 3 Yr. CAGR %	-30.18	-30.22	-12.63	46.64	51.92
EBIT, 3 Yr. CAGR %	-30.18	-30.22	-12.63	46.64	51.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-32.01	-31.64	-12.09	49.84	55.45
Net Income, 3 Yr. CAGR %	-32.01	-31.64	-12.09	49.84	55.45
Normalized Net Income, 3 Yr. CAGR %	-30.6	-30.45	-12.58	47.44	52.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-31.32	-30.41	-10.64	51.35	55.82
Accounts Receivable, 3 Yr. CAGR %	-9.28	-11.71	-0.54	-3.68	2.39
Inventory, 3 Yr. CAGR %	7.04	18.26	9.07	-9.84	-12.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.61	-2.47	-5.26	0.9	2.73
Total Assets, 3 Yr. CAGR %	0.4	-0.54	1.47	5.49	4.62
Tangible Book Value, 3 Yr. CAGR %	1.86	0.51	1.15	4.13	2.13
Common Equity, 3 Yr. CAGR %	1.86	0.51	1.15	4.13	2.13
Cash From Operations, 3 Yr. CAGR %	-30.12	-27.13	-4.53	73.89	37.36
Capital Expenditures, 3 Yr. CAGR %	-31.35	-17.31	-27.35	39.9	10.41
Levered Free Cash Flow, 3 Yr. CAGR %	-23.18	-29.81	5.88	84.53	48.34
Unlevered Free Cash Flow, 3 Yr. CAGR %	-22.73	-29.62	5.59	82.96	47.92
Dividend Per Share, 3 Yr. CAGR %	-33.06	-27.89	-2.7	115.44	88.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.63	0.1	-2.08	2.53	6.36
Gross Profit, 5 Yr. CAGR %	-8.73	-8.65	-7.76	3.06	6.53
EBITDA, 5 Yr. CAGR %	-19.67	-12.99	-10.86	2.33	8.43
EBITA, 5 Yr. CAGR %	-18.35	-19.12	-12.29	4.34	5.85
EBIT, 5 Yr. CAGR %	-18.35	-19.12	-12.29	4.34	5.85
Earnings From Cont. Operations, 5 Yr. CAGR %	-19.48	-19.68	-12.61	4.5	6.3
Net Income, 5 Yr. CAGR %	-19.48	-19.68	-12.61	4.5	6.3
Normalized Net Income, 5 Yr. CAGR %	-18.6	-19.28	-12.36	4.44	5.86
Diluted EPS Before Extra, 5 Yr. CAGR %	-18.98	-18.81	-11.54	5.78	7.34
Accounts Receivable, 5 Yr. CAGR %	0.55	-4.82	-3.43	-6.56	-4.12
Inventory, 5 Yr. CAGR %	9.67	8.31	2.13	1.19	1.91
Net Property, Plant and Equip., 5 Yr. CAGR %	5.22	-0.92	-2.01	0.1	-1.02
Total Assets, 5 Yr. CAGR %	2.69	1.52	1.31	3.23	2.26
Tangible Book Value, 5 Yr. CAGR %	3.95	2.79	1.81	2.85	1.19
Common Equity, 5 Yr. CAGR %	3.95	2.79	1.81	2.85	1.19
Cash From Operations, 5 Yr. CAGR %	-19.06	-7.76	-3.01	7.34	5.07
Capital Expenditures, 5 Yr. CAGR %	-15.18	-24.02	-15.5	-2.91	-7.01
Levered Free Cash Flow, 5 Yr. CAGR %	-19.38	31.15	6.9	12.17	9.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.08	36.33	6.75	12.01	8.96
Dividend Per Share, 5 Yr. CAGR %	-15.59	-17.81	-6.88	30.26	21.35