Income Statement Thai Parcels

Stocks

TPL

THB419010004

Air Freight & Logistics

End-of-day quote Thailand S.E. 2026-08-21			5-day change	1st Jan Change
0.4900 ^THB	+2.08%		-2.00%	-3.92%

08-14	Thai Parcels Public Company Limited Approves Establishment of New Subsidiary in Thailand	CI
08-13	Thai Parcels Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: THAI PARCELS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	525M	481M	502M	507M	648M
Total Revenues	525M	481M	502M	507M	648M
Cost of Goods Sold, Total	427M	388M	433M	430M	589M
Gross Profit	98.56M	93.24M	69.46M	77.47M	59.13M
Selling General & Admin Expenses, Total	69.29M	70.28M	77.88M	69.18M	115M
Depreciation & Amortization - (IS)	10.34M	-	-	-	-
Other Operating Expenses	-993	-5.45M	-6.89M	-4.16M	-
Other Operating Expenses, Total	79.63M	64.83M	71M	65.02M	115M
Operating Income	18.94M	28.41M	-1.53M	12.45M	-56.28M
Interest Expense, Total	-6.59M	-5.14M	-6.92M	-6M	-17.75M
Interest And Investment Income	-	-	-	-	1.34M
Net Interest Expenses	-6.59M	-5.14M	-6.92M	-6M	-16.41M
Income (Loss) On Equity Invest.	-	-	-	-1.79M	-4.18M
Other Non Operating Income (Expenses)	12.13M	-	-	-	1.56M
EBT, Excl. Unusual Items	24.47M	23.27M	-8.45M	4.66M	-75.3M
Merger & Related Restructuring Charges	-	-	-	-	-9M
Gain (Loss) On Sale Of Investments	-	-	-	-	5.97M
Gain (Loss) On Sale Of Assets	1.57M	-	-	-	672K
EBT, Incl. Unusual Items	26.04M	23.27M	-8.45M	4.66M	-77.66M
Income Tax Expense	751K	2.16M	-5.3M	1.63M	1.7M
Earnings From Continuing Operations	25.29M	21.11M	-3.15M	3.02M	-79.36M
Net Income to Company	25.29M	21.11M	-3.15M	3.02M	-79.36M
Minority Interest	-	-	-	-	-83.89K
Net Income - (IS)	25.29M	21.11M	-3.15M	3.02M	-79.44M
Net Income to Common Incl Extra Items	25.29M	21.11M	-3.15M	3.02M	-79.44M
Net Income to Common Excl. Extra Items	25.29M	21.11M	-3.15M	3.02M	-79.44M
Per Share Items
Net EPS - Basic	0.07	0.05	-0.01	0.01	-0.1
Basic EPS - Continuing Operations	0.07	0.05	-0.01	0.01	-0.1
Basic Weighted Average Shares Outstanding	379M	404M	466M	524M	768M
Net EPS - Diluted	0.07	0.05	-0.01	0.01	-0.1
Diluted EPS - Continuing Operations	0.07	0.05	-0.01	0.01	-0.1
Diluted Weighted Average Shares Outstanding	379M	404M	466M	524M	768M
Normalized Basic EPS	0.04	0.04	-0.01	0.01	-0.06
Normalized Diluted EPS	0.04	0.04	-0.01	0.01	-0.06
Dividend Per Share	-	-	-	-	-
Payout Ratio	474.58	-	-	-	-
Supplemental Items
EBITDA	41.19M	49.38M	24.92M	37.53M	24.87M
EBITA	18.94M	28.41M	-1.53M	12.45M	-56.28M
EBIT	18.94M	28.41M	-1.53M	12.45M	-56.28M
EBITDAR	49.43M	53.94M	28.22M	40.42M	27.1M
Total Revenues (As Reported)	-	-	-	-	658M
Effective Tax Rate - (Ratio)	2.89	9.27	62.68	35.09	-2.19
Current Domestic Taxes	279K	2.67M	-	-	88.68K
Total Current Taxes	279K	2.67M	-	-	88.68K
Deferred Domestic Taxes	472K	-510K	-5.3M	1.63M	1.61M
Total Deferred Taxes	472K	-510K	-5.3M	1.63M	1.61M
Normalized Net Income	15.3M	14.54M	-5.28M	2.91M	-47.15M
Interest on Long-Term Debt	5.23M	2.51M	1.76M	2.03M	3.31M
Non-Cash Pension Expense	31.28K	69.02K	97.97K	97.56K	327K
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	7.23M	7.14M	3.8M	5.43M
General and Administrative Expenses	38.84M	63.06M	70.75M	65.37M	110M
Net Rental Expense, Total	8.24M	4.56M	3.31M	2.89M	2.24M
Imputed Operating Lease Interest Expense	3M	1.28M	1.2M	1M	649K
Imputed Operating Lease Depreciation	5.24M	3.29M	2.11M	1.89M	1.59M
Maintenance & Repair Expenses, Total	9.1M	9.85M	8.48M	11.78M	14.45M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	15.7M	21.23M	377M	243M	103M
Total Cash And Short Term Investments	15.7M	21.23M	377M	243M	103M
Accounts Receivable, Total	56.68M	56.99M	81.37M	73.73M	208M
Other Receivables	2.56M	1.1M	1.44M	1.93M	8.3M
Notes Receivable	-	-	-	-	2.55M
Total Receivables	59.24M	58.09M	82.81M	75.66M	219M
Inventory	-	-	-	-	20.83M
Prepaid Expenses	-	2.96M	1.59M	1.45M	19.06M
Other Current Assets, Total	3.23M	162K	527K	267K	13.55M
Total Current Assets	78.18M	82.43M	462M	321M	375M
Gross Property Plant And Equipment	703M	734M	730M	728M	3.91B
Accumulated Depreciation	-175M	-193M	-178M	-201M	-2.67B
Net Property Plant And Equipment	528M	541M	551M	527M	1.24B
Long-term Investments	-	-	-	43.21M	-
Other Intangibles, Total	4.87M	5.35M	4.25M	3.67M	5.28M
Deferred Tax Assets Long-Term	1.15M	1.45M	6.53M	4.56M	2.89M
Other Long-Term Assets, Total	9.18M	10.79M	14.14M	98.3M	1.19B
Total Assets	621M	641M	1.04B	997M	2.81B
Liabilities
Accounts Payable, Total	24.94M	24.37M	26.45M	18.17M	114M
Accrued Expenses, Total	7.68M	8.59M	9.04M	14.32M	53.42M
Short-term Borrowings	9.56M	16.6M	48.97M	31.69M	105M
Current Portion of Long-Term Debt	12.4M	15.97M	17.41M	17.1M	158M
Current Portion of Leases	28.6M	23.46M	21.42M	18.39M	107M
Current Income Taxes Payable	-	-	-	-	482K
Unearned Revenue Current, Total	298K	918K	301K	300K	9.32M
Other Current Liabilities	8.79M	12.62M	18.57M	14.87M	15.49M
Total Current Liabilities	92.26M	103M	142M	115M	563M
Long-Term Debt	60.3M	66.57M	49.2M	33.44M	425M
Long-Term Leases	34.53M	26.04M	20.85M	18.19M	63.49M
Unearned Revenue Non Current	1.27M	375K	-	-	-
Pension & Other Post Retirement Benefits	2.54M	2.85M	3.14M	2.76M	32.38M
Deferred Tax Liability Non Current	-	-	-	-	19.13M
Other Non Current Liabilities	12.55M	6.65M	9.02M	9.66M	11.72M
Total Liabilities	203M	205M	224M	179M	1.11B
Common Stock, Total	202M	202M	262M	262M	984M
Additional Paid In Capital	175M	175M	495M	495M	601M
Retained Earnings	41.37M	59.34M	57.04M	61.42M	-15.01M
Comprehensive Income and Other	-	-	-	-	125M
Total Common Equity	418M	436M	814M	818M	1.7B
Minority Interest	-	-	-	-	2.82M
Total Equity	418M	436M	814M	818M	1.7B
Total Liabilities And Equity	621M	641M	1.04B	997M	2.81B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	404M	404M	524M	524M	1.97B
ECS Total Common Shares Outstanding	404M	404M	524M	524M	1.97B
Book Value / Share	1.03	1.08	1.55	1.56	0.86
Tangible Book Value	413M	431M	810M	814M	1.69B
Tangible Book Value Per Share	1.02	1.07	1.54	1.55	0.86
Total Debt	145M	149M	158M	119M	859M
Net Debt	130M	127M	-219M	-124M	756M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.54M	2.85M	3.14M	2.76M	32.38M
Debt Equivalent Oper. Leases	65.9M	36.5M	26.47M	23.16M	17.88M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	2.82M
Equity Method Investments, Total	-	-	-	43.21M	-
Account Code - Inventory Valuation	3	3	3	3	6
Inventories - Finished Goods, Total	-	-	-	-	19.92M
Inventories - Others	-	-	-	-	912K
Land - (BS)	246M	244M	244M	244M	244M
Buildings, Total	160M	196M	197M	197M	206M
Machinery, Total	195M	210M	209M	223M	3.28B
Full Time Employees	785	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	201K	311K	1.31M	1.5M	32.12M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	25.29M	21.11M	-3.15M	3.02M	-79.44M
Depreciation & Amortization - CF	47.53M	40.21M	42.68M	43.06M	119M
Depreciation & Amortization, Total	47.53M	40.21M	42.68M	43.06M	119M
Amortization of Deferred Charges, Total - (CF)	1.2M	1.21M	1.1M	583K	252K
(Gain) Loss From Sale Of Asset	-1.57M	-3.78M	-5.28M	-332K	-6.27M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-5.97M
Asset Writedown & Restructuring Costs	167K	267K	13.87K	-111K	192K
(Income) Loss On Equity Investments - (CF)	-	-	-	1.79M	4.18M
Provision and Write-off of Bad Debts	-189K	261K	1.34M	799K	4.12M
Other Operating Activities, Total	-24.32M	1.68M	-4.05M	-1.28M	16.35M
Change In Accounts Receivable	331K	1.1M	-24.74M	6.45M	11.46M
Change In Inventories	-	-	-	-	-4.24M
Change In Accounts Payable	3.59M	4.33M	7.16M	-6.14M	-6.03M
Change in Unearned Revenues	-	-	-	-	2.76M
Change in Other Net Operating Assets	-4.35M	-9.05M	-1.8M	-3.9M	-2.71M
Cash from Operations	47.67M	57.34M	13.28M	43.94M	53.9M
Capital Expenditure	-135M	-40.74M	-39.69M	-429K	-3.59M
Sale of Property, Plant, and Equipment	3.07M	5.54M	9.73M	2.43M	7.04M
Cash Acquisitions	-	-	-	-	-748M
Sale (Purchase) of Real Estate properties	-200M	-	-	-	-
Sale (Purchase) of Intangible assets	-929K	-1.78M	-	-	-750K
Investment in Marketable and Equity Securities, Total	-	-	-	-45M	45M
Other Investing Activities, Total	64.51M	36.84K	915K	-76.42M	171M
Cash from Investing	-268M	-36.93M	-29.05M	-119M	-530M
Short Term Debt Issued, Total	34.56M	133M	180M	32M	107M
Long-Term Debt Issued, Total	62.68M	24.57M	-	-	-
Total Debt Issued	97.24M	158M	180M	32M	107M
Short Term Debt Repaid, Total	-25.17M	-126M	-148M	-49.27M	-142M
Long-Term Debt Repaid, Total	-40.3M	-46.49M	-41.22M	-40.78M	-221M
Total Debt Repaid	-65.47M	-172M	-189M	-90.06M	-364M
Issuance of Common Stock	204M	-	380M	-	592M
Common Dividends Paid	-120M	-	-	-	-
Common & Preferred Stock Dividends Paid	-120M	-	-	-	-
Cash from Financing	115M	-14.88M	371M	-58.06M	335M
Net Change in Cash	-105M	5.52M	356M	-134M	-140M
Supplemental Items
Cash Interest Paid	6.41M	5.07M	6.87M	6.1M	10.09M
Cash Income Tax Paid (Refund)	18.08M	2.67M	-	-	414K
Levered Free Cash Flow	-93.67M	19.5M	-17.04M	48.07M	19.06M
Unlevered Free Cash Flow	-89.55M	22.71M	-12.72M	51.82M	30.15M
Change In Net Working Capital	14.13M	-6.06M	15.85M	-832K	49.85M
Net Debt Issued / Repaid	31.76M	-14.88M	-8.85M	-58.06M	-257M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.06	2.82	-0.11	0.76	-1.85
Return on Total Capital	2.33	3.1	-0.12	0.82	-2.01
Return On Equity %	6.95	4.97	-0.5	0.37	-6.31
Return on Common Equity	6.95	4.97	-0.5	0.37	-6.32
Margin Analysis
Gross Profit Margin %	18.77	19.39	13.84	15.27	9.12
SG&A Margin	13.2	14.62	15.51	13.63	17.8
EBITDA Margin %	7.84	10.27	4.96	7.39	3.84
EBITA Margin %	3.61	5.91	-0.31	2.45	-8.68
EBIT Margin %	3.61	5.91	-0.31	2.45	-8.68
Income From Continuing Operations Margin %	4.82	4.39	-0.63	0.6	-12.24
Net Income Margin %	4.82	4.39	-0.63	0.6	-12.26
Net Avail. For Common Margin %	4.82	4.39	-0.63	0.6	-12.26
Normalized Net Income Margin	2.91	3.02	-1.05	0.57	-7.27
Levered Free Cash Flow Margin	-17.84	4.06	-3.4	9.47	2.94
Unlevered Free Cash Flow Margin	-17.05	4.72	-2.53	10.21	4.65
Asset Turnover
Asset Turnover	0.91	0.76	0.6	0.5	0.34
Fixed Assets Turnover	1.22	0.9	0.92	0.94	0.73
Receivables Turnover (Average Receivables)	9.04	8.46	7.26	6.54	4.6
Short Term Liquidity
Current Ratio	0.85	0.8	3.25	2.79	0.67
Quick Ratio	0.81	0.77	3.23	2.78	0.57
Operating Cash Flow to Current Liabilities	0.52	0.56	0.09	0.38	0.1
Days Sales Outstanding (Average Receivables)	40.38	43.15	50.3	55.93	79.28
Average Days Payable Outstanding	20.03	23.22	21.44	18.99	-
Long Term Solvency
Total Debt/Equity	34.79	34.1	19.4	14.52	50.56
Total Debt / Total Capital	25.81	25.43	16.25	12.68	33.58
LT Debt/Equity	22.69	21.25	8.61	6.31	28.77
Long-Term Debt / Total Capital	16.84	15.84	7.21	5.51	19.11
Total Liabilities / Total Assets	32.74	31.99	21.61	17.94	39.62
EBIT / Interest Expense	2.87	5.53	-0.22	2.07	-3.17
EBITDA / Interest Expense	10.08	13.35	5.95	9.25	3.55
(EBITDA - Capex) / Interest Expense	-10.4	5.42	0.21	9.17	3.35
Total Debt / EBITDA	2.19	2.17	3.84	2.14	13.63
Net Debt / EBITDA	1.95	1.86	-5.32	-2.24	12
Total Debt / (EBITDA - Capex)	-2.12	5.33	108.67	2.16	14.46
Net Debt / (EBITDA - Capex)	-1.89	4.57	-150.76	-2.26	12.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-25.33	-8.45	4.42	1.09	27.75
Gross Profit, 1 Yr. Growth %	-58.28	-3.83	-25.5	11.53	-23.68
EBITDA, 1 Yr. Growth %	-77.32	-2.94	-49.55	50.61	-25.48
EBITA, 1 Yr. Growth %	-88.22	-0.9	-105.4	-911.91	-778.53
EBIT, 1 Yr. Growth %	-88.22	-0.9	-105.4	-911.91	-778.53
Earnings From Cont. Operations, 1 Yr. Growth %	-80.19	-0.98	-114.94	-195.81	-2.73K
Net Income, 1 Yr. Growth %	-80.19	-0.98	-114.94	-195.81	-2.73K
Normalized Net Income, 1 Yr. Growth %	-84.83	5.42	-136.32	-155.09	-2.19K
Diluted EPS Before Extra, 1 Yr. Growth %	-81.9	-7.21	-112.96	-185.17	-1.89K
Accounts Receivable, 1 Yr. Growth %	-4.76	0.54	42.78	-9.39	181.94
Net Property, Plant and Equip., 1 Yr. Growth %	59.8	3.21	1.97	-4.5	135.77
Total Assets, 1 Yr. Growth %	18.02	3.8	61.99	-3.96	182.16
Tangible Book Value, 1 Yr. Growth %	35.56	5.25	88.04	0.61	107.56
Common Equity, 1 Yr. Growth %	35.06	5.3	86.7	0.54	107.27
Cash From Operations, 1 Yr. Growth %	-78.08	20.27	-76.84	230.92	22.66
Capital Expenditures, 1 Yr. Growth %	552.04	-87.68	-2.58	-98.92	736.93
Levered Free Cash Flow, 1 Yr. Growth %	-159.58	-106.88	-187.39	-382.06	-58.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-155.41	-108.13	-155.99	-507.46	-38.75
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.68	-17.32	-2.23	2.74	13.64
Gross Profit, 2 Yr. CAGR %	-6.96	-37.18	-15.36	-8.85	-7.74
EBITDA, 2 Yr. CAGR %	-18.67	-47.86	-30.02	-12.83	-0.1
EBITA, 2 Yr. CAGR %	-27.66	-57.96	-76.87	-33.8	505.81
EBIT, 2 Yr. CAGR %	-27.66	-57.96	-76.87	-33.8	505.81
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.1	-59.33	-61.54	-62.16	401.59
Net Income, 2 Yr. CAGR %	-9.1	-59.33	-61.54	-62.16	401.85
Normalized Net Income, 2 Yr. CAGR %	-21.03	-62.02	-38.12	-55.27	198.75
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.1	-62.37	-65.33	-66.78	290.8
Accounts Receivable, 2 Yr. CAGR %	-19.15	-2.15	19.81	13.75	59.83
Net Property, Plant and Equip., 2 Yr. CAGR %	85.8	27.94	2.59	-1.32	50.05
Total Assets, 2 Yr. CAGR %	30.8	10.33	29.67	24.73	64.62
Tangible Book Value, 2 Yr. CAGR %	32.88	18.87	40.68	37.55	44.51
Common Equity, 2 Yr. CAGR %	32.69	18.69	40.21	37.01	44.36
Cash From Operations, 2 Yr. CAGR %	-6.59	-48.65	-47.22	-12.46	101.47
Capital Expenditures, 2 Yr. CAGR %	189.55	40.25	-65.36	-89.73	-69.91
Levered Free Cash Flow, 2 Yr. CAGR %	201.69	-64.78	-75.48	57	5.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	232.21	-62.51	-78.66	51.05	53.97
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.74	-5.3	-10.63	-1.13	10.48
Gross Profit, 3 Yr. CAGR %	2.69	-6.44	-33.5	-7.21	-14.09
EBITDA, 3 Yr. CAGR %	-8.73	-7.45	-48.43	-9.65	-20.44
EBITA, 3 Yr. CAGR %	-12.56	-7.75	-78.79	-24.27	25.59
EBIT, 3 Yr. CAGR %	-12.56	-7.75	-78.79	-24.27	25.59
Earnings From Cont. Operations, 3 Yr. CAGR %	2.01	-11.65	-70.87	-47.86	55.49
Net Income, 3 Yr. CAGR %	2.01	-11.65	-70.87	-47.86	55.54
Normalized Net Income, 3 Yr. CAGR %	-5.12	-15.99	-62.58	-40.47	48
Diluted EPS Before Extra, 3 Yr. CAGR %	-25.81	-16.09	-73.62	-53.22	25.55
Accounts Receivable, 3 Yr. CAGR %	9.56	-13.06	10.99	9.16	53.94
Net Property, Plant and Equip., 3 Yr. CAGR %	51.52	52.35	18.62	0.17	31.92
Total Assets, 3 Yr. CAGR %	27.3	20.84	25.4	17.32	63.74
Tangible Book Value, 3 Yr. CAGR %	44.28	22.55	38.5	25.81	57.77
Common Equity, 3 Yr. CAGR %	43.61	22.46	38.04	25.5	57.28
Cash From Operations, 3 Yr. CAGR %	-6.31	1.62	-60.62	-2.68	-2.04
Capital Expenditures, 3 Yr. CAGR %	108.83	36.25	24.21	-89.09	-55.48
Levered Free Cash Flow, 3 Yr. CAGR %	16.62	23.75	-52.32	-44.64	-0.76
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.73	40.94	-57.15	-42.96	9.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	0.38	0.73	-2.16	-1.61
Gross Profit, 5 Yr. CAGR %	-	3.96	-5.26	-7.41	-24.2
EBITDA, 5 Yr. CAGR %	-	0.79	-14.39	-9.64	-32.82
EBITA, 5 Yr. CAGR %	-	12	-44.19	-19.22	-18.93
EBIT, 5 Yr. CAGR %	-	12	-44.19	-19.22	-18.93
Earnings From Cont. Operations, 5 Yr. CAGR %	-	14.95	-33.26	-37.06	-9.07
Net Income, 5 Yr. CAGR %	-	14.95	-33.26	-37.06	-9.05
Normalized Net Income, 5 Yr. CAGR %	-	13.47	-21.66	-34.71	-14.1
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-7.01	-47.11	-42.08	-22.46
Accounts Receivable, 5 Yr. CAGR %	-	6.54	13.55	-3.19	28.42
Net Property, Plant and Equip., 5 Yr. CAGR %	-	31.85	29.44	28.06	30.31
Total Assets, 5 Yr. CAGR %	-	21.64	28.08	22.38	39.82
Tangible Book Value, 5 Yr. CAGR %	-	31.9	42.55	28.34	40.88
Common Equity, 5 Yr. CAGR %	-	31.82	41.97	28.08	40.53
Cash From Operations, 5 Yr. CAGR %	-	5.33	-25.53	-4.26	-24.34
Capital Expenditures, 5 Yr. CAGR %	-	47.9	21.76	-51.56	-29.55
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-22.01	36.11	-34.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-26.89	44.9	-28.52