Income Statement Chase Asia

Stocks

CHASE

THB229010004

Corporate Financial Services

End-of-day quote Thailand S.E. 18/09/2026			5-day change	1st Jan Change
0.4600 ^THB	0.00%		0.00%	-8.00%

08-10	Chase Asia Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-14	Chase Asia Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: CHASE ASIA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	276M	226M	186M	192M	194M
Interest And Invest. Income (Rev)	505M	438M	493M	622M	541M
Other Revenues, Total	-	7.05M	-	-	-
Total Revenues	781M	672M	679M	814M	736M
Cost of Goods Sold, Total	195M	227M	242M	273M	242M
Gross Profit	586M	445M	437M	540M	493M
Selling General & Admin Expenses, Total	95.72M	103M	130M	153M	146M
Provision for Bad Debts	102M	148M	126M	251M	317M
Other Operating Expenses, Total	197M	251M	256M	403M	463M
Operating Income	388M	194M	181M	137M	30.62M
Interest Expense, Total	-10.72M	-19.91M	-16.23M	-32.41M	-29.49M
Net Interest Expenses	-10.72M	-19.91M	-16.23M	-32.41M	-29.49M
Other Non Operating Income (Expenses)	3.99M	4.91M	2.48M	2.73M	1.95M
EBT, Excl. Unusual Items	382M	179M	168M	107M	3.08M
Gain (Loss) On Sale Of Assets	-	-	-	12.88K	979
Asset Writedown	-2.84K	-	-	-	-
Legal Settlements	-42.93M	-	-	-	-
EBT, Incl. Unusual Items	339M	179M	168M	107M	3.08M
Income Tax Expense	67.81M	34.65M	34.62M	21.14M	857K
Earnings From Continuing Operations	271M	144M	133M	86.24M	2.23M
Net Income to Company	271M	144M	133M	86.24M	2.23M
Minority Interest	-17.45K	-3.99K	-7.3K	-3.47K	9.27K
Net Income - (IS)	271M	144M	133M	86.23M	2.23M
Net Income to Common Incl Extra Items	271M	144M	133M	86.23M	2.23M
Net Income to Common Excl. Extra Items	271M	144M	133M	86.23M	2.23M
Per Share Items
Net EPS - Basic	0.18	0.09	0.07	0.04	0
Basic EPS - Continuing Operations	0.18	0.09	0.07	0.04	0
Basic Weighted Average Shares Outstanding	1.48B	1.57B	1.93B	1.99B	1.99B
Net EPS - Diluted	0.18	0.09	0.07	0.04	0
Diluted EPS - Continuing Operations	0.18	0.09	0.07	0.04	0
Diluted Weighted Average Shares Outstanding	1.48B	1.57B	1.93B	2.06B	2.03B
Normalized Basic EPS	0.16	0.07	0.05	0.03	0
Normalized Diluted EPS	0.16	0.07	0.05	0.03	0
Dividend Per Share	-	-	-	0.01	-
Payout Ratio	-	-	-	-	925.17
Supplemental Items
EBITDA	396M	199M	200M	173M	66.29M
EBITA	389M	194M	187M	144M	37.4M
EBIT	388M	194M	181M	137M	30.62M
EBITDAR	-	199M	201M	174M	67.36M
Effective Tax Rate - (Ratio)	20.02	19.38	20.65	19.69	27.8
Total Current Taxes	49.99M	55M	47.25M	43.8M	41.67M
Total Deferred Taxes	17.82M	-20.36M	-12.63M	-22.66M	-40.81M
Normalized Net Income	238M	112M	105M	67.1M	1.94M
Interest Capitalized	2.44M	3.35M	3.92M	-	-
Interest on Long-Term Debt	3.25M	4.33M	4.82M	32.25M	29.42M
Non-Cash Pension Expense	122K	132K	335K	338K	379K
Supplemental Operating Expense Items
General and Administrative Expenses	95.72M	103M	130M	153M	146M
Net Rental Expense, Total	-	761K	883K	1.06M	1.07M
Imputed Operating Lease Interest Expense	-	211K	230K	503K	470K
Imputed Operating Lease Depreciation	-	550K	653K	553K	597K

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	200M	115M	135M	60.48M	50.67M
Short Term Investments	-	100K	101K	198K	102K
Total Cash And Short Term Investments	200M	115M	135M	60.68M	50.77M
Accounts Receivable, Total	215M	234M	223M	252M	266M
Other Receivables	27.29M	46.4M	61.92M	62.12M	56.21M
Notes Receivable	-	-	-	-	-
Total Receivables	242M	281M	285M	314M	322M
Prepaid Expenses	8.09M	14.16M	16.37M	17.87M	19.45M
Other Current Assets, Total	12.99M	10.52M	7.25M	9.61M	8.14M
Total Current Assets	464M	421M	444M	402M	400M
Gross Property Plant And Equipment	386M	469M	518M	512M	513M
Accumulated Depreciation	-42.57M	-48.96M	-62.07M	-85M	-117M
Net Property Plant And Equipment	343M	420M	456M	427M	396M
Other Intangibles, Total	2.78M	18.89M	15.44M	9.52M	6.86M
Accounts Receivable Long-Term	154M	146M	103M	72.4M	35.55M
Loans Receivable Long-Term	1.42B	1.78B	2.7B	3.08B	2.85B
Deferred Tax Assets Long-Term	101M	122M	135M	158M	199M
Other Long-Term Assets, Total	25.34M	22.65M	22.79M	24.81M	23.03M
Total Assets	2.51B	2.93B	3.88B	4.18B	3.91B
Liabilities
Accounts Payable, Total	1.68M	710K	813K	389K	319K
Accrued Expenses, Total	10.65M	13.94M	12.5M	14.35M	6.65M
Short-term Borrowings	59.42M	462M	-	-	-
Current Portion of Long-Term Debt	191M	156M	154M	254M	180M
Current Portion of Leases	2.6M	3.14M	3.28M	3.16M	3.4M
Current Income Taxes Payable	17.99M	22.02M	17.17M	14.73M	13.59M
Other Current Liabilities	4.2M	8.67M	13.9M	12.09M	7.27M
Total Current Liabilities	288M	667M	202M	299M	211M
Long-Term Debt	275M	172M	268M	390M	233M
Long-Term Leases	10.91M	9.31M	9.33M	5.28M	2.05M
Pension & Other Post Retirement Benefits	10.17M	12.99M	14.54M	15.57M	18.46M
Other Non Current Liabilities	4.74M	10.18M	1.99M	1.05M	66.25K
Total Liabilities	588M	872M	496M	711M	465M
Common Stock, Total	784M	784M	993M	993M	993M
Additional Paid In Capital	1.75B	666M	1.64B	1.64B	1.64B
Retained Earnings	797M	939M	1.07B	1.16B	1.14B
Comprehensive Income and Other	-1.41B	-329M	-329M	-329M	-329M
Total Common Equity	1.92B	2.06B	3.38B	3.47B	3.45B
Minority Interest	21.65K	25.63K	32.92K	36.39K	27.1K
Total Equity	1.92B	2.06B	3.38B	3.47B	3.45B
Total Liabilities And Equity	2.51B	2.93B	3.88B	4.18B	3.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.57B	1.57B	1.99B	1.99B	1.99B
ECS Total Common Shares Outstanding	1.57B	1.57B	1.99B	1.99B	1.99B
Book Value / Share	1.22	1.31	1.7	1.75	1.74
Tangible Book Value	1.91B	2.04B	3.36B	3.46B	3.44B
Tangible Book Value Per Share	1.22	1.3	1.69	1.74	1.73
Total Debt	539M	803M	435M	653M	418M
Net Debt	339M	688M	300M	592M	368M
Debt Equivalent of Unfunded Proj. Benefit Obligation	10.17M	12.99M	14.54M	15.57M	18.46M
Debt Equivalent Oper. Leases	-	6.09M	7.07M	8.45M	8.54M
Minority Interest, Total (Incl. Fin. Div)	21.65K	25.63K	32.92K	36.39K	27.1K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	169M	169M	169M	169M	169M
Buildings, Total	67.32M	68.97M	248M	251M	251M
Machinery, Total	4.77M	34.09M	61.15M	72.02M	72.29M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	271M	-	133M	86.23M	2.23M
Depreciation & Amortization - CF	10.71M	-	16.34M	32M	32.09M
Amortization of Goodwill and Intangible Assets - (CF)	156K	-	5.74M	7.28M	6.78M
Depreciation & Amortization, Total	10.86M	-	22.08M	39.28M	38.87M
(Gain) Loss From Sale Of Asset	-	-	-996K	-12.88K	-744K
Asset Writedown & Restructuring Costs	2.84K	-	467K	1.74K	7.2K
Provision and Write-off of Bad Debts	102M	-	126M	251M	318M
Other Operating Activities, Total	-140M	-	-116M	-225M	-252M
Change In Accounts Receivable	-7.45M	-	-5.07M	-10.79M	8.29M
Change In Accounts Payable	-3.59M	-	-3.44M	2.39M	-7.32M
Change in Other Net Operating Assets	-926M	-	-873M	-408M	111M
Cash from Operations	-694M	-	-716M	-265M	218M
Capital Expenditure	-55.46M	-	-42.74M	-4.78M	-6.74M
Sale of Property, Plant, and Equipment	-	-	-	49.06K	3.67K
Sale (Purchase) of Intangible assets	-2.94M	-	-2.04M	-1.36M	-4.12M
Investment in Marketable and Equity Securities, Total	-	-	-	-97.26K	95.92K
Other Investing Activities, Total	243K	-	-302K	-1.81M	720K
Cash from Investing	-58.15M	-	-45.08M	-8M	-10.05M
Short Term Debt Issued, Total	60M	-	-	-	-
Long-Term Debt Issued, Total	272M	-	220M	360M	19.31M
Total Debt Issued	332M	-	220M	360M	19.31M
Short Term Debt Repaid, Total	-64.06M	-	-463M	-	-
Long-Term Debt Repaid, Total	-222M	-	-155M	-154M	-216M
Total Debt Repaid	-286M	-	-618M	-154M	-216M
Issuance of Common Stock	920M	-	1.21B	421K	-
Repurchase of Common Stock	-27.6M	-	-	-	-
Common Dividends Paid	-	-	-	-	-20.68M
Common & Preferred Stock Dividends Paid	-	-	-	-	-20.68M
Other Financing Activities, Total	-900K	-	-29.96M	-8.24M	-90K
Cash from Financing	937M	-	781M	198M	-218M
Net Change in Cash	185M	-	19.99M	-74.71M	-9.81M
Supplemental Items
Cash Interest Paid	11.38M	-	18.7M	29.3M	28.45M
Cash Income Tax Paid (Refund)	43.92M	-	46.52M	46.25M	42.88M
Levered Free Cash Flow	118M	-	76.36M	62.86M	7.09M
Unlevered Free Cash Flow	125M	-	86.51M	83.11M	25.52M
Change In Net Working Capital	70.66M	31.05M	4.17M	35.68M	21.63M
Net Debt Issued / Repaid	45.88M	-	-398M	206M	-197M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	12.82	4.45	3.33	2.13	0.47
Return on Total Capital	13.16	4.55	3.4	2.16	0.48
Return On Equity %	20.32	7.25	4.89	2.52	0.06
Return on Common Equity	20.32	7.25	4.89	2.52	0.06
Margin Analysis
Gross Profit Margin %	75	66.21	64.39	66.4	67.09
SG&A Margin	12.25	15.33	19.15	18.76	19.79
EBITDA Margin %	50.73	29.58	29.45	21.27	9.01
EBITA Margin %	49.74	28.84	27.56	17.74	5.08
EBIT Margin %	49.72	28.84	26.72	16.84	4.16
Income From Continuing Operations Margin %	34.68	21.45	19.59	10.6	0.3
Net Income Margin %	34.68	21.45	19.59	10.6	0.3
Net Avail. For Common Margin %	34.68	21.45	19.59	10.6	0.3
Normalized Net Income Margin	30.53	16.63	15.43	8.25	0.26
Levered Free Cash Flow Margin	15.09	-	11.25	7.72	0.96
Unlevered Free Cash Flow Margin	15.94	-	12.74	10.21	3.47
Asset Turnover
Asset Turnover	0.41	0.25	0.2	0.2	0.18
Fixed Assets Turnover	2.5	1.76	1.55	1.84	1.79
Receivables Turnover (Average Receivables)	1.46	1.01	0.81	0.81	0.75
Short Term Liquidity
Current Ratio	1.61	0.63	2.2	1.35	1.89
Quick Ratio	1.54	0.59	2.08	1.25	1.76
Operating Cash Flow to Current Liabilities	-2.41	-	-3.55	-0.89	1.03
Days Sales Outstanding (Average Receivables)	250.36	362.31	449.68	452.21	485.56
Average Days Payable Outstanding	3.56	1.92	1.15	0.8	0.53
Long Term Solvency
Total Debt/Equity	28.11	38.99	12.87	18.84	12.14
Total Debt / Total Capital	21.94	28.05	11.4	15.85	10.83
LT Debt/Equity	14.9	8.82	8.2	11.41	6.81
Long-Term Debt / Total Capital	11.63	6.34	7.27	9.6	6.08
Total Liabilities / Total Assets	23.48	29.73	12.79	17.02	11.88
EBIT / Interest Expense	36.22	9.73	11.17	4.23	1.04
EBITDA / Interest Expense	37.23	9.98	12.53	5.44	2.36
(EBITDA - Capex) / Interest Expense	32.06	9.98	9.9	5.29	2.13
Total Debt / EBITDA	1.35	4.04	2.14	3.7	6.02
Net Debt / EBITDA	0.85	3.46	1.47	3.36	5.29
Total Debt / (EBITDA - Capex)	1.57	4.04	2.71	3.81	6.67
Net Debt / (EBITDA - Capex)	0.99	3.46	1.86	3.45	5.86
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.97	-7.92	1.08	19.85	-9.61
Gross Profit, 1 Yr. Growth %	4.32	-9.47	-1.69	23.59	-8.67
EBITDA, 1 Yr. Growth %	42.02	-43.76	0.44	-13.47	-61.69
EBITA, 1 Yr. Growth %	42.64	-43.94	-3.59	-22.88	-74.09
EBIT, 1 Yr. Growth %	42.59	-43.91	-6.37	-24.45	-77.66
Earnings From Cont. Operations, 1 Yr. Growth %	58.05	-46.81	-7.68	-35.17	-97.42
Net Income, 1 Yr. Growth %	280.06	-46.8	-7.68	-35.17	-97.41
Normalized Net Income, 1 Yr. Growth %	289.61	-47.22	-6.21	-35.96	-97.12
Diluted EPS Before Extra, 1 Yr. Growth %	-91.03	-50.01	-25.04	-39.01	-97.62
Accounts Receivable, 1 Yr. Growth %	31.37	8.89	-4.79	12.9	5.44
Net Property, Plant and Equip., 1 Yr. Growth %	21.99	22.49	8.41	-6.3	-7.34
Total Assets, 1 Yr. Growth %	95.91	16.97	32.21	7.79	-6.37
Tangible Book Value, 1 Yr. Growth %	155.72	6.58	64.85	2.75	-0.49
Common Equity, 1 Yr. Growth %	156.09	7.41	64.08	2.56	-0.57
Cash From Operations, 1 Yr. Growth %	-711.46	-	178.35	-63.05	-182.32
Capital Expenditures, 1 Yr. Growth %	-	-	-46.3	-88.81	40.97
Levered Free Cash Flow, 1 Yr. Growth %	-21.42	-	8.59K	-17.69	-88.73
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.34	-	549.23	-3.93	-69.3
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.85	-4.09	-3.52	10.07	4.08
Gross Profit, 2 Yr. CAGR %	12.66	-11.01	-5.66	10.23	6.24
EBITDA, 2 Yr. CAGR %	21.88	-15.61	-24.77	-6.78	-42.43
EBITA, 2 Yr. CAGR %	21.9	-15.66	-26.41	-13.77	-55.3
EBIT, 2 Yr. CAGR %	21.88	-15.66	-27.53	-15.9	-58.92
Earnings From Cont. Operations, 2 Yr. CAGR %	29.33	-8.31	-29.92	-22.64	-87.07
Net Income, 2 Yr. CAGR %	79.71	42.19	-29.92	-22.64	-87.04
Normalized Net Income, 2 Yr. CAGR %	77.44	35.09	-29.64	-22.5	-86.41
Diluted EPS Before Extra, 2 Yr. CAGR %	-85.22	-78.79	-38.79	-32.38	-87.96
Accounts Receivable, 2 Yr. CAGR %	-2.25	19.61	1.82	3.68	9.1
Net Property, Plant and Equip., 2 Yr. CAGR %	45.53	22.24	15.23	0.79	-6.82
Total Assets, 2 Yr. CAGR %	21.1	51.38	24.36	19.38	0.46
Tangible Book Value, 2 Yr. CAGR %	104.11	65.09	32.55	30.15	1.12
Common Equity, 2 Yr. CAGR %	104.26	65.85	32.76	29.73	0.98
Cash From Operations, 2 Yr. CAGR %	100.36	-	1.59	1.42	-44.85
Capital Expenditures, 2 Yr. CAGR %	-	-	-12.21	-75.49	-60.28
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-8.39	745.92	-69.54
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-5.9	149.74	-45.69
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	1.85	-2.39	3.71	3.07
Gross Profit, 3 Yr. CAGR %	-	-1.23	-8	3.23	3.53
EBITDA, 3 Yr. CAGR %	-	-9.35	-10.51	-21.17	-30.69
EBITA, 3 Yr. CAGR %	-	-9.51	-11.76	-25.25	-42.24
EBIT, 3 Yr. CAGR %	-	-9.51	-12.67	-26.52	-45.94
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-3.82	-8.1	-31.72	-75.1
Net Income, 3 Yr. CAGR %	-	19.77	23.12	-31.72	-75.06
Normalized Net Income, 3 Yr. CAGR %	-	13.82	19.62	-31.81	-74.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-77.79	-67.7	-38.86	-77.85
Accounts Receivable, 3 Yr. CAGR %	-	1.33	10.85	5.39	4.26
Net Property, Plant and Equip., 3 Yr. CAGR %	-	37.41	17.44	7.56	-2
Total Assets, 3 Yr. CAGR %	-	19.71	44.7	18.57	10.09
Tangible Book Value, 3 Yr. CAGR %	-	64.36	65.01	21.76	19.01
Common Equity, 3 Yr. CAGR %	-	64.87	65.26	21.82	18.72
Cash From Operations, 3 Yr. CAGR %	-	-	84.79	-27.48	-5.39
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-55.82	-56.08
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-20.14	-11.6	100.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-18.25	-5.25	24.18
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	5.06	0.15
Gross Profit, 5 Yr. CAGR %	-	-	-	3.21	-2.55
EBITDA, 5 Yr. CAGR %	-	-	-	-8.29	-24.98
EBITA, 5 Yr. CAGR %	-	-	-	-11.2	-32.77
EBIT, 5 Yr. CAGR %	-	-	-	-12.12	-35.41
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-11.84	-58.05
Net Income, 5 Yr. CAGR %	-	-	-	0.56	-49.96
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-2.4	-49.88
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-65.33	-78.23
Accounts Receivable, 5 Yr. CAGR %	-	-	-	2.27	10.15
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	21.38	7.06
Total Assets, 5 Yr. CAGR %	-	-	-	19.57	25.05
Tangible Book Value, 5 Yr. CAGR %	-	-	-	49.71	35.65
Common Equity, 5 Yr. CAGR %	-	-	-	49.79	35.71
Cash From Operations, 5 Yr. CAGR %	-	-	-	8.89	13.93
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-45.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-30.59