Income Statement Union Plastic Thailand S.E.

Stocks

UP-R

TH0029010R17

Commodity Chemicals

End-of-day quote Thailand S.E. 2026-08-17			5-day change	1st Jan Change
25.25 ^THB	-0.98%		+2.23%	+19.67%

08-11	Union Plastic Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-14	Union Plastic Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

a35993b01a9bd551826b90047a280d.HZSZrUYTw5TaHJwAlg1z6V55SyWEuQnljwPdMHZOerY.RPzAngVwjtuJdPRH7HcSuTAqKGjgjk2BwkSLeyA4He5K7K71Fnuy-K9u8w

Published financial data: UNION PLASTIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	541M	601M	658M	623M	604M
Other Revenues, Total	24.95M	24.68M	26.19M	24.77M	22.47M
Total Revenues	566M	626M	684M	648M	627M
Cost of Goods Sold, Total	529M	567M	611M	581M	559M
Gross Profit	37.67M	59.35M	73.32M	66.38M	67.42M
Selling General & Admin Expenses, Total	61.2M	74.62M	79.39M	76.8M	75.06M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	61.2M	74.62M	79.39M	76.8M	75.06M
Operating Income	-23.53M	-15.28M	-6.07M	-10.42M	-7.65M
Interest Expense, Total	-109K	-71.37K	-111K	-79.12K	-65.04K
Interest And Investment Income	25.22M	44.39M	51.62M	60.19M	70.19M
Net Interest Expenses	25.11M	44.32M	51.51M	60.11M	70.12M
Income (Loss) On Equity Invest.	-1.86M	-1.04M	-963K	411K	579K
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-279K	28.01M	44.48M	50.1M	63.06M
EBT, Incl. Unusual Items	-279K	28.01M	44.48M	50.1M	63.06M
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-279K	28.01M	44.48M	50.1M	63.06M
Net Income to Company	-279K	28.01M	44.48M	50.1M	63.06M
Net Income - (IS)	-279K	28.01M	44.48M	50.1M	63.06M
Net Income to Common Incl Extra Items	-279K	28.01M	44.48M	50.1M	63.06M
Net Income to Common Excl. Extra Items	-279K	28.01M	44.48M	50.1M	63.06M
Per Share Items
Net EPS - Basic	-0.01	1.12	1.78	2	2.52
Basic EPS - Continuing Operations	-0.01	1.12	1.78	2	2.52
Basic Weighted Average Shares Outstanding	25M	25M	25M	25M	25M
Net EPS - Diluted	-0.01	1.12	1.78	2	2.52
Diluted EPS - Continuing Operations	-0.01	1.12	1.78	2	2.52
Diluted Weighted Average Shares Outstanding	25M	25M	25M	25M	25M
Normalized Basic EPS	-0.01	0.7	1.11	1.25	1.58
Normalized Diluted EPS	-0.01	0.7	1.11	1.25	1.58
Dividend Per Share	-	-	1.18	1.98	2.5
Payout Ratio	-	-	-	58.89	78.5
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	14.2M	21.87M	37.72M	34.26M	31.41M
EBITA	-23.53M	-15.28M	-6.07M	-10.42M	-7.65M
EBIT	-23.53M	-15.28M	-6.07M	-10.42M	-7.65M
EBITDAR	14.7M	23.83M	39.48M	35.78M	32.95M
Total Revenues (As Reported)	591M	669M	733M	703M	693M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-175K	17.5M	27.8M	31.31M	39.41M
Interest on Long-Term Debt	108K	71K	111K	79K	65K
Non-Cash Pension Expense	118K	-2.06M	-100K	4.58M	-485K
Supplemental Operating Expense Items
Selling and Marketing Expenses	21.79M	27.35M	31.35M	30.14M	29.55M
General and Administrative Expenses	39.41M	47.27M	48.04M	46.66M	45.51M
Net Rental Expense, Total	497K	1.96M	1.76M	1.52M	1.54M
Imputed Operating Lease Interest Expense	217K	610K	785K	682K	709K
Imputed Operating Lease Depreciation	280K	1.35M	977K	838K	831K
Maintenance & Repair Expenses, Total	13.98M	10.35M	7.24M	11.12M	13.12M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	52.29M	32.15M	97.91M	114M	111M
Short Term Investments	100M	145M	164M	209M	229M
Total Cash And Short Term Investments	152M	177M	262M	323M	340M
Accounts Receivable, Total	74.72M	71.03M	73.41M	69.49M	73.22M
Other Receivables	282K	627K	185K	162K	162K
Total Receivables	75.01M	71.66M	73.59M	69.65M	73.38M
Inventory	59.88M	67.03M	40.54M	40.18M	39.87M
Other Current Assets, Total	1.18M	1.52M	1.71M	1.7M	1.08M
Total Current Assets	288M	317M	378M	435M	455M
Gross Property Plant And Equipment	1.22B	1.27B	1.29B	1.3B	1.31B
Accumulated Depreciation	-1.07B	-1.08B	-1.1B	-1.14B	-1.13B
Net Property Plant And Equipment	152M	190M	191M	164M	177M
Long-term Investments	106M	117M	117M	122M	123M
Other Intangibles, Total	1.4M	899K	710K	754K	1.25M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	69.74M	50.63M	50.52M	42.3M	25.91M
Total Assets	617M	676M	737M	763M	782M
Liabilities
Accounts Payable, Total	38.87M	41.87M	71.24M	71.88M	70.05M
Accrued Expenses, Total	22.71M	22.83M	21.68M	20.55M	21.52M
Current Portion of Leases	330K	567K	599K	599K	493K
Other Current Liabilities	5.12M	18.39M	5.52M	7.1M	11.4M
Total Current Liabilities	67.03M	83.66M	99.04M	100M	103M
Long-Term Leases	1.07M	1.71M	1.11M	511K	658K
Pension & Other Post Retirement Benefits	33.48M	31.56M	27.26M	27.53M	34.54M
Deferred Tax Liability Non Current	19.42M	21.88M	22M	22.93M	23.2M
Total Liabilities	121M	139M	149M	151M	162M
Common Stock, Total	250M	250M	250M	250M	250M
Additional Paid In Capital	167M	167M	167M	167M	167M
Retained Earnings	21.44M	51.97M	102M	123M	130M
Comprehensive Income and Other	57.67M	67.52M	68.01M	71.73M	72.79M
Total Common Equity	496M	537M	588M	612M	620M
Total Equity	496M	537M	588M	612M	620M
Total Liabilities And Equity	617M	676M	737M	763M	782M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	25M	25M	25M	25M	25M
ECS Total Common Shares Outstanding	25M	25M	25M	25M	25M
Book Value / Share	19.85	21.47	23.5	24.48	24.8
Tangible Book Value	495M	536M	587M	611M	619M
Tangible Book Value Per Share	19.8	21.43	23.48	24.45	24.75
Total Debt	1.4M	2.28M	1.71M	1.11M	1.15M
Net Debt	-151M	-175M	-260M	-322M	-339M
Debt Equivalent of Unfunded Proj. Benefit Obligation	33.48M	31.56M	27.26M	27.53M	34.54M
Debt Equivalent Oper. Leases	3.98M	15.7M	14.1M	12.16M	12.32M
Equity Method Investments, Total	8.71M	7.67M	6.71M	7.12M	7.07M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.43M	21.04M	13.74M	14.62M	13.55M
Inventories - Work In Process, Total	5.05M	4.42M	4.3M	4.69M	4.72M
Inventories - Finished Goods, Total	15.34M	13.82M	12.02M	11.01M	11.13M
Inventories - Others	14M	12.12M	10.27M	6.26M	7.96M
Land - (BS)	73.13M	73.25M	73.25M	73.25M	73.25M
Buildings, Total	229M	229M	231M	231M	230M
Machinery, Total	917M	960M	983M	993M	993M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-279K	28.01M	44.48M	50.1M	63.06M
Depreciation & Amortization - CF	38.95M	37.51M	44.38M	45.28M	39.72M
Depreciation & Amortization, Total	38.95M	37.51M	44.38M	45.28M	39.72M
Amortization of Deferred Charges, Total - (CF)	547K	691K	620K	559K	371K
(Gain) Loss From Sale Of Asset	-1.57M	-1.96M	-1.04M	-344K	-1.92M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	1.86M	1.04M	963K	-411K	-579K
Other Operating Activities, Total	-19.5M	-29.07M	-50.35M	-58.22M	-53.87M
Change In Accounts Receivable	-6.25M	3.68M	-2.18M	3.83M	-3.73M
Change In Inventories	-13.07M	2.42M	11.07M	3.75M	-782K
Change In Accounts Payable	-36.25M	3.6M	29.44M	-56.51K	-1.71M
Change in Other Net Operating Assets	-10.4M	-6.93M	12.93M	-1.11M	560K
Cash from Operations	-45.95M	39M	90.3M	43.38M	41.12M
Capital Expenditure	-23.93M	-61.52M	-45M	-17.58M	-45.53M
Sale of Property, Plant, and Equipment	1.97M	1.96M	1.06M	344K	1.92M
Sale (Purchase) of Intangible assets	-1.19M	-192K	-435K	-603K	-869K
Investment in Marketable and Equity Securities, Total	20M	-45M	-19.29M	-44.59M	-20.28M
Other Investing Activities, Total	23.34M	45.96M	39.7M	65.46M	70.67M
Cash from Investing	20.19M	-58.8M	-23.97M	3.03M	5.92M
Long-Term Debt Repaid, Total	-1.19M	-348K	-567K	-599K	-690K
Total Debt Repaid	-1.19M	-348K	-567K	-599K	-690K
Common Dividends Paid	-	-	-	-29.5M	-49.5M
Common & Preferred Stock Dividends Paid	-	-	-	-29.5M	-49.5M
Cash from Financing	-1.19M	-348K	-567K	-30.1M	-50.19M
Net Change in Cash	-26.95M	-20.15M	65.76M	16.31M	-3.16M
Supplemental Items
Cash Interest Paid	109K	71.37K	111K	79.12K	65.04K
Cash Income Tax Paid (Refund)	16.08M	16.79M	15.99M	14.59M	14.29M
Levered Free Cash Flow	-65.49M	-20.84M	35.4M	26.5M	-10.48M
Unlevered Free Cash Flow	-65.42M	-20.79M	35.47M	26.55M	-10.44M
Change In Net Working Capital	65.09M	-12.26M	-39.7M	-5.41M	-645K
Net Debt Issued / Repaid	-1.19M	-348K	-567K	-599K	-690K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-2.36	-1.48	-0.54	-0.87	-0.62
Return on Total Capital	-3	-1.84	-0.67	-1.08	-0.77
Return On Equity %	-0.06	5.42	7.91	8.35	10.24
Return on Common Equity	-0.06	5.42	7.91	8.35	10.24
Margin Analysis
Gross Profit Margin %	6.65	9.48	10.72	10.25	10.76
SG&A Margin	10.8	11.92	11.61	11.86	11.98
EBITDA Margin %	2.51	3.49	5.51	5.29	5.01
EBITA Margin %	-4.15	-2.44	-0.89	-1.61	-1.22
EBIT Margin %	-4.15	-2.44	-0.89	-1.61	-1.22
Income From Continuing Operations Margin %	-0.05	4.47	6.5	7.74	10.06
Net Income Margin %	-0.05	4.47	6.5	7.74	10.06
Net Avail. For Common Margin %	-0.05	4.47	6.5	7.74	10.06
Normalized Net Income Margin	-0.03	2.8	4.06	4.83	6.29
Levered Free Cash Flow Margin	-11.56	-3.33	5.18	4.09	-1.67
Unlevered Free Cash Flow Margin	-11.55	-3.32	5.19	4.1	-1.67
Asset Turnover
Asset Turnover	0.91	0.97	0.97	0.86	0.81
Fixed Assets Turnover	3.56	3.67	3.59	3.65	3.68
Receivables Turnover (Average Receivables)	7.56	8.25	9.11	8.72	8.47
Inventory Turnover (Average Inventory)	10.84	8.93	11.35	14.4	13.97
Short Term Liquidity
Current Ratio	4.3	3.79	3.82	4.34	4.39
Quick Ratio	3.39	2.97	3.39	3.92	4
Operating Cash Flow to Current Liabilities	-0.69	0.47	0.91	0.43	0.4
Days Sales Outstanding (Average Receivables)	48.31	44.24	40.07	41.98	43.11
Days Outstanding Inventory (Average Inventory)	33.68	40.88	32.15	25.41	26.12
Average Days Payable Outstanding	39.35	25.68	35.33	45.09	46.71
Cash Conversion Cycle (Average Days)	42.64	59.43	36.88	22.31	22.52
Long Term Solvency
Total Debt/Equity	0.28	0.42	0.29	0.18	0.19
Total Debt / Total Capital	0.28	0.42	0.29	0.18	0.19
LT Debt/Equity	0.22	0.32	0.19	0.08	0.11
Long-Term Debt / Total Capital	0.21	0.32	0.19	0.08	0.11
Total Liabilities / Total Assets	19.6	20.55	20.27	19.8	20.7
EBIT / Interest Expense	-216.71	-214.04	-54.64	-131.72	-117.55
EBITDA / Interest Expense	142.04	311.61	345.11	440.56	493.13
(EBITDA - Capex) / Interest Expense	-78.37	-550.45	-60.26	218.41	-206.86
Total Debt / EBITDA	0.09	0.1	0.04	0.03	0.04
Net Debt / EBITDA	-9.78	-7.86	-6.8	-9.24	-10.57
Total Debt / (EBITDA - Capex)	-0.16	-0.06	-0.26	0.06	-0.09
Net Debt / (EBITDA - Capex)	17.73	4.45	38.94	-18.63	25.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.21	10.52	9.27	-5.32	-3.24
Gross Profit, 1 Yr. Growth %	-1.15K	38.79	23.55	-9.47	1.57
EBITDA, 1 Yr. Growth %	-145.71	53.98	72.47	-9.16	-8.32
EBITA, 1 Yr. Growth %	-63.42	-35.08	-60.29	71.8	-26.64
EBIT, 1 Yr. Growth %	-63.42	-35.08	-60.29	71.8	-26.64
Earnings From Cont. Operations, 1 Yr. Growth %	-98.93	-10.13K	58.82	12.63	25.87
Net Income, 1 Yr. Growth %	-98.93	-10.13K	58.82	12.63	25.87
Normalized Net Income, 1 Yr. Growth %	-98.93	-10.13K	58.82	12.63	25.87
Diluted EPS Before Extra, 1 Yr. Growth %	-98.93	-10.13K	58.82	12.63	25.87
Accounts Receivable, 1 Yr. Growth %	8.91	-4.94	3.34	-5.33	5.36
Inventory, 1 Yr. Growth %	58.9	11.93	-39.51	-0.91	-0.77
Net Property, Plant and Equip., 1 Yr. Growth %	-8.71	24.69	0.77	-14.38	8.28
Total Assets, 1 Yr. Growth %	-1.97	9.43	9.1	3.53	2.47
Tangible Book Value, 1 Yr. Growth %	3.53	8.26	9.54	4.14	1.24
Common Equity, 1 Yr. Growth %	3.66	8.13	9.48	4.14	1.32
Cash From Operations, 1 Yr. Growth %	21.62	-184.86	131.55	-51.96	-5.21
Capital Expenditures, 1 Yr. Growth %	-32.33	157.08	-26.85	-60.94	159.03
Levered Free Cash Flow, 1 Yr. Growth %	255.65	-68.18	-269.89	-25.15	-139.55
Unlevered Free Cash Flow, 1 Yr. Growth %	255.42	-68.21	-270.59	-25.16	-139.32
Dividend Per Share, 1 Yr. Growth %	-	-	-	67.8	26.26
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.3	10.86	9.89	1.71	-4.29
Gross Profit, 2 Yr. CAGR %	172.62	306.01	30.95	5.76	-4.11
EBITDA, 2 Yr. CAGR %	-31.16	-16.11	62.96	25.17	-8.74
EBITA, 2 Yr. CAGR %	-42.4	-51.27	-49.22	-17.4	12.26
EBIT, 2 Yr. CAGR %	-42.4	-51.27	-49.22	-17.4	12.26
Earnings From Cont. Operations, 2 Yr. CAGR %	-91.06	3.68	1.16K	33.75	19.07
Net Income, 2 Yr. CAGR %	-91.06	3.68	1.16K	33.75	19.07
Normalized Net Income, 2 Yr. CAGR %	-90.5	3.68	1.16K	33.75	19.07
Diluted EPS Before Extra, 2 Yr. CAGR %	-91.07	3.68	1.16K	33.75	19.07
Accounts Receivable, 2 Yr. CAGR %	-1.68	1.75	-0.89	-1.09	-0.13
Inventory, 2 Yr. CAGR %	-1.04	33.36	-17.72	-22.58	-0.84
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.56	6.69	12.1	-7.11	-3.71
Total Assets, 2 Yr. CAGR %	-0.86	3.57	9.26	6.28	3
Tangible Book Value, 2 Yr. CAGR %	3.26	5.87	8.89	6.8	2.68
Common Equity, 2 Yr. CAGR %	3.34	5.87	8.81	6.78	2.72
Cash From Operations, 2 Yr. CAGR %	25.37	1.59	40.18	5.47	-32.52
Capital Expenditures, 2 Yr. CAGR %	17.61	31.9	37.13	-46.55	0.58
Levered Free Cash Flow, 2 Yr. CAGR %	50.16	6.38	-26.47	12.77	-45.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.08	6.29	-26.36	12.99	-45.75
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	45.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.29	-2.42	10.33	4.57	0.04
Gross Profit, 3 Yr. CAGR %	33.04	127.08	173.09	15.79	4.34
EBITDA, 3 Yr. CAGR %	-6.69	-9.97	6.67	34.12	12.83
EBITA, 3 Yr. CAGR %	-26.18	-40.06	-54.48	-23.77	-20.6
EBIT, 3 Yr. CAGR %	-26.18	-40.06	-54.48	-23.77	-20.6
Earnings From Cont. Operations, 3 Yr. CAGR %	-78.48	-7.14	19.52	463.99	31.07
Net Income, 3 Yr. CAGR %	-78.48	-7.14	19.52	463.99	31.07
Normalized Net Income, 3 Yr. CAGR %	-76.77	-3.3	19.52	463.99	31.07
Diluted EPS Before Extra, 3 Yr. CAGR %	-78.48	-7.14	19.52	464.01	31.07
Accounts Receivable, 3 Yr. CAGR %	-6.15	-2.78	2.28	-2.39	1.02
Inventory, 3 Yr. CAGR %	10.24	3.11	2.47	-12.46	-15.9
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.25	5.07	4.68	2.47	-2.24
Total Assets, 3 Yr. CAGR %	-2.11	2.46	5.38	7.32	4.99
Tangible Book Value, 3 Yr. CAGR %	-0.29	4.9	7.08	7.28	4.92
Common Equity, 3 Yr. CAGR %	-0.25	4.91	7.06	7.23	4.93
Cash From Operations, 3 Yr. CAGR %	18.24	10.08	33.7	-1.9	1.78
Capital Expenditures, 3 Yr. CAGR %	-2.86	52.63	8.36	-9.78	-9.55
Levered Free Cash Flow, 3 Yr. CAGR %	32.7	-10.48	24.35	-26.03	-20.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.66	-10.54	24.44	-25.96	-20.52
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.59	-1.48	0.51	-0.78	4.23
Gross Profit, 5 Yr. CAGR %	-8.37	1.63	35.6	67.28	79.68
EBITDA, 5 Yr. CAGR %	-19.27	-1.12	16.63	2.71	0.22
EBITA, 5 Yr. CAGR %	26.57	-1.46	-36.44	-31.86	-34.69
EBIT, 5 Yr. CAGR %	26.57	-1.46	-36.44	-31.86	-34.69
Earnings From Cont. Operations, 5 Yr. CAGR %	-61.62	-0.81	9.68	7.45	19.34
Net Income, 5 Yr. CAGR %	-61.62	-0.81	9.68	7.45	19.34
Normalized Net Income, 5 Yr. CAGR %	-61.88	0.27	14.82	10.1	19.34
Diluted EPS Before Extra, 5 Yr. CAGR %	-61.62	-0.81	9.68	7.45	19.34
Accounts Receivable, 5 Yr. CAGR %	-3.38	-1.87	-4.08	-2.11	1.31
Inventory, 5 Yr. CAGR %	7.6	16.77	-1.93	-8.06	1.13
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.91	0.63	0.7	0.02	1.24
Total Assets, 5 Yr. CAGR %	-2.58	-0.62	2.29	3.97	4.42
Tangible Book Value, 5 Yr. CAGR %	-2.37	-0.67	3.29	5.66	5.3
Common Equity, 5 Yr. CAGR %	-2.36	-0.66	3.28	5.66	5.3
Cash From Operations, 5 Yr. CAGR %	2.32	-5.6	26.57	8.21	1.7
Capital Expenditures, 5 Yr. CAGR %	11.47	14.99	11.51	0.32	5.18
Levered Free Cash Flow, 5 Yr. CAGR %	23.15	4.84	4.79	-1.82	-10.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.12	4.79	4.83	-1.78	-10.72
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-