Cash flow Thai Nam Plastic

Stocks

TNPC

TH0287010Z03

Commodity Chemicals

End-of-day quote Thailand S.E. 2026-09-30			5-day change	1st Jan Change
0.9100 ^THB	-2.15%		+1.11%	+7.06%

08-14	Thai Nam Plastic Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-15	Thai Nam Plastic Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: THAI NAM PLASTIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.05B	1.41B	1.59B	1.35B	1.34B
Other Revenues, Total	9.95M	6.07M	15.16M	9.49M	7.11M
Total Revenues	1.06B	1.42B	1.6B	1.36B	1.35B
Cost of Goods Sold, Total	766M	1.15B	1.27B	1.23B	1.17B
Gross Profit	296M	265M	332M	138M	172M
Selling General & Admin Expenses, Total	195M	238M	236M	252M	233M
Provision for Bad Debts	2.16M	-2.08M	1.73M	-421K	-641K
Other Operating Expenses, Total	197M	236M	237M	252M	232M
Operating Income	98.3M	28.84M	94.21M	-114M	-59.88M
Interest Expense, Total	-15.48M	-16.74M	-22.76M	-23.79M	-22.58M
Net Interest Expenses	-15.48M	-16.74M	-22.76M	-23.79M	-22.58M
Currency Exchange Gains (Loss)	10.41M	-8.79M	-29.58M	-678K	15.52M
EBT, Excl. Unusual Items	93.24M	3.31M	41.87M	-139M	-66.94M
EBT, Incl. Unusual Items	93.24M	3.31M	41.87M	-139M	-66.94M
Income Tax Expense	6.89M	9.54M	11.89M	-2.89M	86.25M
Earnings From Continuing Operations	86.35M	-6.23M	29.98M	-136M	-153M
Net Income to Company	86.35M	-6.23M	29.98M	-136M	-153M
Minority Interest	-	-	-	-	-
Net Income - (IS)	86.35M	-6.23M	29.98M	-136M	-153M
Net Income to Common Incl Extra Items	86.35M	-6.23M	29.98M	-136M	-153M
Net Income to Common Excl. Extra Items	86.35M	-6.23M	29.98M	-136M	-153M
Per Share Items
Net EPS - Basic	0.25	-0.02	0.09	-0.4	-0.45
Basic EPS - Continuing Operations	0.25	-0.02	0.09	-0.4	-0.45
Basic Weighted Average Shares Outstanding	341M	341M	341M	341M	341M
Net EPS - Diluted	0.25	-0.02	0.09	-0.4	-0.45
Diluted EPS - Continuing Operations	0.25	-0.02	0.09	-0.4	-0.45
Diluted Weighted Average Shares Outstanding	341M	341M	341M	341M	341M
Normalized Basic EPS	0.17	0.01	0.08	-0.25	-0.12
Normalized Diluted EPS	0.17	0.01	0.08	-0.25	-0.12
Dividend Per Share	0.05	0.02	0.02	-	-
Payout Ratio	4.41	-253.89	22.4	-4.45	-0.01
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	143M	73.99M	138M	-69.66M	-15.62M
EBITA	98.3M	28.84M	94.21M	-114M	-59.88M
EBIT	98.3M	28.84M	94.21M	-114M	-59.88M
EBITDAR	144M	75.08M	140M	-67.55M	-13.07M
Total Revenues (As Reported)	1.07B	1.42B	1.6B	1.36B	1.36B
Effective Tax Rate - (Ratio)	7.39	288.31	28.39	2.08	-128.86
Total Current Taxes	10.43M	795K	15.27M	-	-
Total Deferred Taxes	-3.55M	8.74M	-3.39M	-2.89M	86.25M
Normalized Net Income	58.27M	2.07M	26.17M	-86.74M	-41.84M
Interest on Long-Term Debt	10.53M	9.16M	7.82M	7.64M	6.57M
Non-Cash Pension Expense	1.51M	4.21M	3.45M	5.98M	10.4M
Supplemental Operating Expense Items
Selling and Marketing Expenses	50.63M	54.55M	49.8M	43.36M	42.24M
General and Administrative Expenses	145M	183M	186M	209M	190M
Net Rental Expense, Total	916K	1.09M	1.46M	2.11M	2.55M
Imputed Operating Lease Interest Expense	425K	426K	700K	1.09M	1.21M
Imputed Operating Lease Depreciation	491K	661K	763K	1.02M	1.34M
Maintenance & Repair Expenses, Total	15.36M	23.24M	26.73M	27.69M	28.32M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	27.81M	22.6M	40.1M	32.76M	26.37M
Short Term Investments	-	-	3.75M	1.25M	1.11M
Total Cash And Short Term Investments	27.81M	22.6M	43.85M	34.01M	27.47M
Accounts Receivable, Total	235M	344M	267M	228M	252M
Other Receivables	4.15M	8.67M	7.93M	224K	153K
Total Receivables	239M	353M	275M	228M	252M
Inventory	374M	496M	585M	496M	427M
Prepaid Expenses	544K	675K	1.44M	1.78M	1.75M
Other Current Assets, Total	8.96M	3.71M	112K	109K	-
Total Current Assets	650M	876M	906M	760M	708M
Gross Property Plant And Equipment	2.3B	2.25B	2.18B	1.82B	1.81B
Accumulated Depreciation	-1.96B	-1.93B	-1.89B	-1.38B	-1.39B
Net Property Plant And Equipment	344M	320M	289M	441M	427M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	-	-	-	10.1M	9.75M
Deferred Tax Assets Long-Term	79.85M	72.16M	77.7M	83.78M	-
Other Long-Term Assets, Total	14.81M	14.73M	14.43M	14.56M	12.31M
Total Assets	1.09B	1.28B	1.29B	1.31B	1.16B
Liabilities
Accounts Payable, Total	135M	252M	221M	197M	191M
Accrued Expenses, Total	39.3M	34.87M	43.25M	59.15M	60.25M
Short-term Borrowings	153M	154M	172M	227M	312M
Current Portion of Long-Term Debt	9M	30M	42M	60M	16M
Current Portion of Leases	3.02M	4.14M	5.47M	6.82M	8.42M
Current Income Taxes Payable	9.92M	-	4M	-	-
Other Current Liabilities	2.84M	3.89M	5.23M	8.88M	2.98M
Total Current Liabilities	352M	478M	493M	559M	591M
Long-Term Debt	38M	125M	79M	16M	-
Long-Term Leases	86.98M	80.36M	69.49M	61.84M	53.18M
Pension & Other Post Retirement Benefits	90.8M	94.58M	105M	109M	116M
Deferred Tax Liability Non Current	-	-	-	-	2.49M
Other Non Current Liabilities	665K	698K	698K	698K	524K
Total Liabilities	568M	779M	747M	747M	764M
Common Stock, Total	320M	341M	341M	341M	341M
Additional Paid In Capital	454	454	454	454	454
Retained Earnings	210M	162M	178M	199M	42.84M
Comprehensive Income and Other	-8.67M	744K	20.99M	22.96M	9.2M
Total Common Equity	521M	504M	540M	563M	393M
Total Equity	521M	504M	540M	563M	393M
Total Liabilities And Equity	1.09B	1.28B	1.29B	1.31B	1.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	341M	341M	341M	341M	341M
ECS Total Common Shares Outstanding	341M	341M	341M	341M	341M
Book Value / Share	1.53	1.48	1.58	1.65	1.15
Tangible Book Value	521M	504M	540M	553M	383M
Tangible Book Value Per Share	1.53	1.48	1.58	1.62	1.12
Total Debt	290M	393M	368M	372M	390M
Net Debt	262M	371M	324M	337M	362M
Debt Equivalent of Unfunded Proj. Benefit Obligation	110M	109M	127M	152M	163M
Debt Equivalent Oper. Leases	7.32M	8.69M	11.7M	16.88M	20.4M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	255M	305M	363M	305M	248M
Inventories - Work In Process, Total	42.69M	49.8M	60.77M	66.36M	82.72M
Inventories - Finished Goods, Total	326M	359M	390M	359M	325M
Land - (BS)	11.92M	11.92M	11.92M	153M	161M
Buildings, Total	399M	400M	404M	385M	416M
Machinery, Total	1.75B	1.73B	1.65B	1.16B	1.13B
Accumulated Allowance for Doubtful Accounts (Supple)	14.3M	12.22M	2.75M	2.33M	1.69M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	86.35M	-6.23M	29.98M	-136M	-153M
Depreciation & Amortization - CF	54.18M	54.21M	51.99M	52.98M	51.99M
Depreciation & Amortization, Total	54.18M	54.21M	51.99M	52.98M	51.99M
Amortization of Deferred Charges, Total - (CF)	-	-	-	1.12M	1.12M
(Gain) Loss From Sale Of Asset	1.73M	1.98M	-1.78M	920K	1.71M
Asset Writedown & Restructuring Costs	-	-2.69M	-135K	-	-
Provision and Write-off of Bad Debts	2.16M	-2.08M	1.73M	-421K	-641K
Other Operating Activities, Total	19.65M	-1.98M	72.76M	44.11M	110M
Change In Accounts Receivable	-77.79M	-101M	71.38M	41.61M	-22.72M
Change In Inventories	-123M	-92.64M	-107M	82.75M	73.42M
Change In Accounts Payable	35.07M	120M	-25.34M	-21.81M	-14.42M
Change in Other Net Operating Assets	-14.23M	-15.4M	-1.41M	-3.89M	-9.21M
Cash from Operations	-16.06M	-46.59M	92.08M	61.48M	37.64M
Capital Expenditure	-16.33M	-34.91M	-26.77M	-42.69M	-39.03M
Sale of Property, Plant, and Equipment	583K	2.69M	3.24M	2.01M	840K
Sale (Purchase) of Intangible assets	-	-	-	-2.32M	-771K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-593K	-	-
Cash from Investing	-15.74M	-32.22M	-24.12M	-42.99M	-38.96M
Short Term Debt Issued, Total	41.15M	1.24M	17.85M	54.89M	85.23M
Long-Term Debt Issued, Total	-	117M	-	-	-
Total Debt Issued	41.15M	118M	17.85M	54.89M	85.23M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-4.18M	-12.09M	-38.03M	-50.64M	-66.62M
Total Debt Repaid	-4.18M	-12.09M	-38.03M	-50.64M	-66.62M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-3.81M	-15.82M	-6.71M	-6.05M	-9.71K
Common & Preferred Stock Dividends Paid	-3.81M	-15.82M	-6.71M	-6.05M	-9.71K
Other Financing Activities, Total	-15.48M	-16.69M	-22.74M	-23.85M	-22.66M
Cash from Financing	17.69M	73.65M	-49.64M	-25.64M	-4.06M
Foreign Exchange Rate Adjustments	135K	-55.13K	-825K	-187K	-1.02M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-13.98M	-5.21M	17.5M	-7.34M	-6.39M
Supplemental Items
Cash Interest Paid	15.48M	16.69M	22.74M	23.85M	22.66M
Cash Income Tax Paid (Refund)	708K	16.35M	11.27M	-3.25M	4.71K
Levered Free Cash Flow	-60.37M	-99.95M	39.95M	50.98M	-3.37M
Unlevered Free Cash Flow	-50.69M	-89.49M	54.18M	65.85M	10.74M
Change In Net Working Capital	150M	127M	29.93M	-128M	-34.85M
Net Debt Issued / Repaid	36.98M	106M	-20.18M	4.26M	18.61M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	6.09	1.52	4.58	-5.5	-3.03
Return on Total Capital	8.2	2.11	6.52	-7.75	-4.36
Return On Equity %	17.92	-1.22	5.74	-24.63	-32.05
Return on Common Equity	17.92	-1.22	5.74	-24.63	-32.05
Margin Analysis
Gross Profit Margin %	27.86	18.64	20.7	10.09	12.78
SG&A Margin	18.4	16.76	14.71	18.5	17.28
EBITDA Margin %	13.51	5.21	8.63	-5.11	-1.16
EBITA Margin %	9.26	2.03	5.88	-8.38	-4.45
EBIT Margin %	9.26	2.03	5.88	-8.38	-4.45
Income From Continuing Operations Margin %	8.14	-0.44	1.87	-9.96	-11.38
Net Income Margin %	8.14	-0.44	1.87	-9.96	-11.38
Net Avail. For Common Margin %	8.14	-0.44	1.87	-9.96	-11.38
Normalized Net Income Margin	5.49	0.15	1.63	-6.36	-3.11
Levered Free Cash Flow Margin	-5.69	-7.04	2.49	3.74	-0.25
Unlevered Free Cash Flow Margin	-4.78	-6.31	3.38	4.83	0.8
Asset Turnover
Asset Turnover	1.05	1.2	1.25	1.05	1.09
Fixed Assets Turnover	2.95	4.27	5.26	3.78	3.1
Receivables Turnover (Average Receivables)	5.22	4.88	5.19	5.47	5.58
Inventory Turnover (Average Inventory)	2.45	2.65	2.35	2.27	2.54
Short Term Liquidity
Current Ratio	1.85	1.83	1.84	1.36	1.2
Quick Ratio	0.76	0.78	0.65	0.47	0.47
Operating Cash Flow to Current Liabilities	-0.05	-0.1	0.19	0.11	0.06
Days Sales Outstanding (Average Receivables)	69.92	74.79	70.33	66.96	65.38
Days Outstanding Inventory (Average Inventory)	148.8	137.5	155.39	161.35	143.45
Average Days Payable Outstanding	48.64	55.23	63.43	67.3	64.16
Cash Conversion Cycle (Average Days)	170.09	157.06	162.29	161.01	144.67
Long Term Solvency
Total Debt/Equity	55.73	78.01	68.14	65.96	99.24
Total Debt / Total Capital	35.78	43.82	40.52	39.74	49.81
LT Debt/Equity	24	40.74	27.49	13.82	13.54
Long-Term Debt / Total Capital	15.41	22.89	16.35	8.33	6.79
Total Liabilities / Total Assets	52.19	60.71	58.03	57.01	66.03
EBIT / Interest Expense	6.35	1.72	4.14	-4.8	-2.65
EBITDA / Interest Expense	9.85	4.96	6.42	-2.58	-0.35
(EBITDA - Capex) / Interest Expense	8.8	2.88	5.25	-4.37	-2.08
Total Debt / EBITDA	1.9	4.73	2.52	-6.06	-49.44
Net Debt / EBITDA	1.72	4.46	2.22	-5.5	-45.96
Total Debt / (EBITDA - Capex)	2.13	8.17	3.08	-3.57	-8.31
Net Debt / (EBITDA - Capex)	1.93	7.7	2.71	-3.24	-7.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	44.15	33.73	12.86	-14.84	-1.32
Gross Profit, 1 Yr. Growth %	67.18	-10.51	25.31	-58.49	24.99
EBITDA, 1 Yr. Growth %	133.5	-48.38	86.87	-150.38	-77.58
EBITA, 1 Yr. Growth %	494.97	-70.66	226.69	-221.33	-47.62
EBIT, 1 Yr. Growth %	494.97	-70.66	226.69	-221.33	-47.62
Earnings From Cont. Operations, 1 Yr. Growth %	3.62K	-107.21	-581.29	-553.25	12.73
Net Income, 1 Yr. Growth %	3.62K	-107.21	-581.29	-553.25	12.73
Normalized Net Income, 1 Yr. Growth %	1.54K	-96.45	1.17K	-431.47	-51.77
Diluted EPS Before Extra, 1 Yr. Growth %	3.62K	-107.21	-581.29	-553.25	12.73
Accounts Receivable, 1 Yr. Growth %	40.22	46.3	-22.25	-14.7	10.26
Inventory, 1 Yr. Growth %	49.33	32.7	17.98	-15.26	-13.96
Net Property, Plant and Equip., 1 Yr. Growth %	-8.23	-6.93	-9.93	57.86	-3.35
Total Assets, 1 Yr. Growth %	17.16	17.78	0.3	1.81	-11.82
Tangible Book Value, 1 Yr. Growth %	17.63	-3.23	7.16	4.13	-30.74
Common Equity, 1 Yr. Growth %	17.63	-3.23	7.16	4.28	-30.25
Cash From Operations, 1 Yr. Growth %	-119.41	190.07	-297.64	-33.23	-38.78
Capital Expenditures, 1 Yr. Growth %	-6.88	113.8	-23.3	75.88	-8.59
Levered Free Cash Flow, 1 Yr. Growth %	-186	65.58	-141.46	27.61	-106.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-163.31	76.54	-163.06	21.55	-83.68
Dividend Per Share, 1 Yr. Growth %	300.85	-57.36	-10	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.67	38.84	22.85	-1.97	-8.33
Gross Profit, 2 Yr. CAGR %	34.84	22.31	5.89	-27.88	-27.97
EBITDA, 2 Yr. CAGR %	603	9.79	-1.78	-2.97	-66.39
EBITA, 2 Yr. CAGR %	41.38	32.11	-2.1	99.09	-20.28
EBIT, 2 Yr. CAGR %	41.38	32.11	-2.1	99.09	-20.28
Earnings From Cont. Operations, 2 Yr. CAGR %	0.51	63.89	-41.08	367.06	126.04
Net Income, 2 Yr. CAGR %	0.51	63.89	-41.08	367.06	126.04
Normalized Net Income, 2 Yr. CAGR %	21.49	-23.66	-32.99	547.69	26.44
Diluted EPS Before Extra, 2 Yr. CAGR %	0.51	63.9	-41.08	367.06	126.04
Accounts Receivable, 2 Yr. CAGR %	30	43.23	6.66	-18.56	-3.02
Inventory, 2 Yr. CAGR %	13.27	40.77	25.13	-0.01	-14.61
Net Property, Plant and Equip., 2 Yr. CAGR %	2.28	-7.58	-8.44	17.39	23.52
Total Assets, 2 Yr. CAGR %	10.3	17.47	8.69	1.05	-5.2
Tangible Book Value, 2 Yr. CAGR %	6.1	6.69	1.83	4.76	-15.08
Common Equity, 2 Yr. CAGR %	6.1	6.69	1.83	5.71	-14.71
Cash From Operations, 2 Yr. CAGR %	-66.05	-24.97	139.44	14.88	-36.06
Capital Expenditures, 2 Yr. CAGR %	-45.03	41.1	28.05	10.59	26.8
Levered Free Cash Flow, 2 Yr. CAGR %	-16.02	19.33	-18.65	-27.26	-70.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.51	5.72	3.38	-12.45	-55.47
Dividend Per Share, 2 Yr. CAGR %	-	30.74	-38.05	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.11	15.02	29.58	8.73	-1.75
Gross Profit, 3 Yr. CAGR %	2.49	17.62	23.3	-22.5	-13.37
EBITDA, 3 Yr. CAGR %	3.77	194.39	31.09	-21.38	-40.46
EBITA, 3 Yr. CAGR %	9.92	-16.3	78.65	5.16	27.57
EBIT, 3 Yr. CAGR %	9.92	-16.3	78.65	5.16	27.57
Earnings From Cont. Operations, 3 Yr. CAGR %	63.91	-58.23	134.7	16.32	190.8
Net Income, 3 Yr. CAGR %	63.91	-58.23	134.7	16.32	190.8
Normalized Net Income, 3 Yr. CAGR %	26.49	-62.59	94.65	14.18	172.5
Diluted EPS Before Extra, 3 Yr. CAGR %	63.91	-58.23	134.71	16.32	190.8
Accounts Receivable, 3 Yr. CAGR %	-5.11	35.22	16.84	-1	-9.91
Inventory, 3 Yr. CAGR %	3.41	19.41	32.72	9.88	-4.9
Net Property, Plant and Equip., 3 Yr. CAGR %	0.95	-0.89	-8.37	8.65	10.02
Total Assets, 3 Yr. CAGR %	-0.13	12.74	11.44	6.35	-3.4
Tangible Book Value, 3 Yr. CAGR %	-3.21	2.9	6.85	2.03	-8.74
Common Equity, 3 Yr. CAGR %	-3.21	2.9	6.85	2.64	-7.97
Cash From Operations, 3 Yr. CAGR %	-42.01	-30.59	3.63	56.43	-6.86
Capital Expenditures, 3 Yr. CAGR %	-43.14	-13.55	15.15	37.77	3.79
Levered Free Cash Flow, 3 Yr. CAGR %	40.16	5.3	-17.13	-5.48	-67.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	58.99	-1.58	-12.21	9.11	-49.99
Dividend Per Share, 3 Yr. CAGR %	7.74	-	15.44	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.64	4.91	7.2	7.9	12.82
Gross Profit, 5 Yr. CAGR %	4.73	-0.27	3.84	-3.28	-0.55
EBITDA, 5 Yr. CAGR %	4.23	-5.11	1.51	88.85	-23.95
EBITA, 5 Yr. CAGR %	10.16	-7.42	4.94	18.37	29.37
EBIT, 5 Yr. CAGR %	10.16	-7.42	4.94	18.37	29.37
Earnings From Cont. Operations, 5 Yr. CAGR %	28.63	-12.82	8.86	9.72	131.2
Net Income, 5 Yr. CAGR %	28.86	-12.82	8.86	9.72	131.2
Normalized Net Income, 5 Yr. CAGR %	7.8	-37.29	-1.9	17.05	63.8
Diluted EPS Before Extra, 5 Yr. CAGR %	28.86	-12.82	8.86	9.72	131.2
Accounts Receivable, 5 Yr. CAGR %	5.04	7.42	-0.56	10.4	8.45
Inventory, 5 Yr. CAGR %	1.52	8.4	11.61	11.23	11.26
Net Property, Plant and Equip., 5 Yr. CAGR %	0.28	1.11	-2.92	6.05	2.61
Total Assets, 5 Yr. CAGR %	0.81	4.55	3.31	7.91	4.46
Tangible Book Value, 5 Yr. CAGR %	-2.92	-2.35	-1.23	3.64	-2.85
Common Equity, 5 Yr. CAGR %	-2.92	-2.35	-1.23	4.01	-2.36
Cash From Operations, 5 Yr. CAGR %	-36.54	-3.06	2.26	-15.09	-14.58
Capital Expenditures, 5 Yr. CAGR %	-8.43	4.79	-21.33	-4.6	17.35
Levered Free Cash Flow, 5 Yr. CAGR %	-8.46	32.26	12.75	-9.85	-45.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.26	22.17	33.84	-6.84	-33.08
Dividend Per Share, 5 Yr. CAGR %	10.79	-6.57	-13.65	-	-