Income Statement OHTL

Stocks

OHTL

TH0115A10Z05

Hotels, Motels & Cruise Lines

End-of-day quote Thailand S.E. 09/09/2026			5-day change	1st Jan Change
280.00 ^THB	+6.06%		+5.66%	-11.67%

08-14	OHTL Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-30	Ohtl Public Company Limited Announces Managing Directorchanges, Effective September 1, 2026	CI

4109bad1d62a663c5812.08K4g7O7ZO9i7FD-lvhh1kiyrgRsHmBKypNOyRjnap4.n7uV5cnhHZcDujm5ook7jx_BzEY2RFInleMXjFmMHa24q9LA4t0BmBOJAQ

Published financial data: OHTL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	562M	1.93B	2.52B	2.7B	2.52B
Total Revenues	562M	1.93B	2.52B	2.7B	2.52B
Cost of Goods Sold, Total	795M	1.19B	1.36B	1.39B	1.33B
Gross Profit	-233M	735M	1.16B	1.31B	1.19B
Selling General & Admin Expenses, Total	311M	530M	699M	732M	730M
Other Operating Expenses, Total	311M	530M	699M	732M	730M
Operating Income	-544M	205M	463M	576M	460M
Interest Expense, Total	-111M	-117M	-125M	-112M	-76.3M
Interest And Investment Income	51.3K	323K	1.39M	1.69M	934K
Net Interest Expenses	-111M	-117M	-124M	-110M	-75.37M
Income (Loss) On Equity Invest.	-42.63M	-1.91M	-	-	-
Other Non Operating Income (Expenses)	318K	3.3M	2.1M	2.18M	1.75M
EBT, Excl. Unusual Items	-698M	89.09M	341M	468M	386M
EBT, Incl. Unusual Items	-698M	89.09M	341M	468M	386M
Income Tax Expense	-77.06M	885K	63.49M	47.76M	72.8M
Earnings From Continuing Operations	-621M	88.21M	277M	420M	314M
Net Income to Company	-621M	88.21M	277M	420M	314M
Net Income - (IS)	-621M	88.21M	277M	420M	314M
Net Income to Common Incl Extra Items	-621M	88.21M	277M	420M	314M
Net Income to Common Excl. Extra Items	-621M	88.21M	277M	420M	314M
Per Share Items
Net EPS - Basic	-41.11	5.84	18.38	27.82	20.78
Basic EPS - Continuing Operations	-41.11	5.84	18.38	27.82	20.78
Basic Weighted Average Shares Outstanding	15.1M	15.1M	15.1M	15.1M	15.1M
Net EPS - Diluted	-41.11	5.84	18.38	27.82	20.78
Diluted EPS - Continuing Operations	-41.11	5.84	18.38	27.82	20.78
Diluted Weighted Average Shares Outstanding	15.1M	15.1M	15.1M	15.1M	15.1M
Normalized Basic EPS	-28.88	3.69	14.11	19.36	16
Normalized Diluted EPS	-28.88	3.69	14.11	19.36	16
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-203M	541M	768M	868M	741M
EBITA	-544M	205M	463M	576M	460M
EBIT	-544M	205M	463M	576M	460M
EBITDAR	-197M	550M	780M	876M	748M
Effective Tax Rate - (Ratio)	11.05	0.99	18.62	10.21	18.84
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	2.54M	2.95M	-	-	1.03M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-79.6M	-2.06M	63.49M	47.76M	71.78M
Normalized Net Income	-436M	55.68M	213M	292M	242M
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	2.38M	1.83M	2.49M	3.17M	2.85M
Supplemental Operating Expense Items
Selling and Marketing Expenses	45.22M	88.4M	116M	129M	142M
General and Administrative Expenses	266M	442M	582M	604M	587M
Net Rental Expense, Total	6.37M	8.96M	12.33M	7.63M	6.43M
Imputed Operating Lease Interest Expense	1.47M	2.18M	3.72M	2.61M	1.84M
Imputed Operating Lease Depreciation	4.9M	6.78M	8.6M	5.02M	4.59M
Maintenance & Repair Expenses, Total	28.24M	44.35M	57.06M	61.09M	56.07M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	103M	276M	205M	282M	456M
Short Term Investments	172K	173K	173K	173K	173K
Trading Asset Securities, Total	-	-	2.43M	-	-
Total Cash And Short Term Investments	103M	276M	208M	282M	456M
Accounts Receivable, Total	42.85M	90.01M	68.71M	56.09M	69.6M
Other Receivables	4.51M	8.04M	6.15M	4.83M	12.25M
Total Receivables	47.36M	98.06M	74.86M	60.92M	81.85M
Inventory	20.55M	26.58M	32.46M	28.86M	36.34M
Prepaid Expenses	19.69M	22.75M	27.83M	23.28M	25.53M
Other Current Assets, Total	60.46M	3.3M	4.66M	5.71M	9.58M
Total Current Assets	251M	426M	348M	401M	610M
Gross Property Plant And Equipment	9.27B	9.25B	9.44B	9.36B	9.7B
Accumulated Depreciation	-3.26B	-3.58B	-3.87B	-4.05B	-4.28B
Net Property Plant And Equipment	6.02B	5.67B	5.57B	5.31B	5.42B
Long-term Investments	1.91M	-	-	-	-
Other Intangibles, Total	5.79M	3.16M	5.54M	4.25M	3.24M
Deferred Tax Assets Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	26.92M	25.37M	26.47M	24M	18.28M
Total Assets	6.3B	6.12B	5.95B	5.74B	6.05B
Liabilities
Accounts Payable, Total	62.74M	114M	111M	123M	117M
Accrued Expenses, Total	89.67M	96.3M	97.98M	92.67M	101M
Short-term Borrowings	1B	1B	800M	800M	400M
Current Portion of Long-Term Debt	250M	800M	99.89M	-	-
Current Portion of Leases	39.64M	45.93M	43.21M	46.39M	44.23M
Current Income Taxes Payable	958K	772K	-	-	-
Other Current Liabilities	146M	159M	182M	185M	395M
Total Current Liabilities	1.59B	2.22B	1.33B	1.25B	1.06B
Long-Term Debt	2.07B	1.2B	1.4B	849M	996M
Long-Term Leases	667M	632M	626M	583M	540M
Pension & Other Post Retirement Benefits	105M	97.78M	109M	122M	132M
Deferred Tax Liability Non Current	292M	295M	390M	437M	508M
Other Non Current Liabilities	17.68M	20.32M	20.82M	21.21M	16.15M
Total Liabilities	4.74B	4.46B	3.88B	3.26B	3.25B
Common Stock, Total	151M	151M	151M	151M	151M
Retained Earnings	-993M	-896M	-621M	-204M	109M
Comprehensive Income and Other	2.4B	2.41B	2.54B	2.54B	2.54B
Total Common Equity	1.56B	1.66B	2.07B	2.48B	2.8B
Total Equity	1.56B	1.66B	2.07B	2.48B	2.8B
Total Liabilities And Equity	6.3B	6.12B	5.95B	5.74B	6.05B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.1M	15.1M	15.1M	15.1M	15.1M
ECS Total Common Shares Outstanding	15.1M	15.1M	15.1M	15.1M	15.1M
Book Value / Share	103.27	110.18	137.04	164.52	185.27
Tangible Book Value	1.55B	1.66B	2.06B	2.48B	2.79B
Tangible Book Value Per Share	102.88	109.97	136.67	164.23	185.06
Total Debt	4.03B	3.68B	2.97B	2.28B	1.98B
Net Debt	3.93B	3.4B	2.76B	2B	1.52B
Debt Equivalent of Unfunded Proj. Benefit Obligation	105M	97.78M	109M	122M	132M
Debt Equivalent Oper. Leases	50.98M	71.69M	98.62M	61.06M	51.47M
Equity Method Investments, Total	1.91M	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	3.04B	3.04B	3.2B	3.2B	3.2B
Buildings, Total	2.32B	2.32B	2.33B	2.33B	2.33B
Machinery, Total	2.13B	2.15B	2.18B	2.12B	2.24B
Accumulated Allowance for Doubtful Accounts (Supple)	-	176K	52.92K	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	-621M	88.21M	277M	420M	314M
Depreciation & Amortization - CF	392M	387M	352M	342M	331M
Depreciation & Amortization, Total	392M	387M	352M	342M	331M
Amortization of Deferred Charges, Total - (CF)	5.79M	3.39M	2.08M	2.36M	2.73M
(Gain) Loss From Sale Of Asset	8.3K	-139K	-533K	-214K	24.43K
Asset Writedown & Restructuring Costs	15	-	45	62	221K
(Income) Loss On Equity Investments - (CF)	42.63M	1.91M	-	-	-
Provision and Write-off of Bad Debts	-	176K	132K	-	-
Other Operating Activities, Total	-73.78M	10.94M	77.24M	58.75M	93.35M
Change In Accounts Receivable	-20.75M	-53.88M	17.99M	18.48M	-23.1M
Change In Inventories	-2.32M	-6.03M	-5.88M	3.6M	-7.48M
Change In Accounts Payable	-6.52M	50.84M	32.74M	10.49M	171M
Change in Other Net Operating Assets	1.51M	77.14M	-2.68M	724K	-16.54M
Cash from Operations	-283M	559M	750M	856M	865M
Capital Expenditure	-119M	-31.19M	-62.33M	-79.2M	-383M
Sale of Property, Plant, and Equipment	285K	163K	709K	819K	523K
Sale (Purchase) of Intangible assets	-567K	-	-232K	-704K	-44.75K
Investment in Marketable and Equity Securities, Total	-	-220	-197	-257	-259
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-119M	-31.03M	-61.85M	-79.08M	-382M
Short Term Debt Issued, Total	335M	-	-	-	-
Long-Term Debt Issued, Total	540M	200M	500M	-	1B
Total Debt Issued	875M	200M	500M	-	1B
Short Term Debt Repaid, Total	-45M	-	-200M	-	-400M
Long-Term Debt Repaid, Total	-434M	-556M	-1.06B	-700M	-902M
Total Debt Repaid	-479M	-556M	-1.26B	-700M	-1.3B
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-600K	-	-6.5M
Cash from Financing	396M	-356M	-759M	-700M	-308M
Net Change in Cash	-5.69M	173M	-70.31M	76.61M	174M
Supplemental Items
Cash Interest Paid	113M	106M	121M	111M	73.47M
Cash Income Tax Paid (Refund)	4.65M	5.64M	5.51M	6.34M	5.33M
Levered Free Cash Flow	-247M	482M	534M	584M	370M
Unlevered Free Cash Flow	-177M	555M	613M	654M	417M
Change In Net Working Capital	114M	-67.84M	-32.2M	-30.26M	-178M
Net Debt Issued / Repaid	396M	-356M	-758M	-700M	-302M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	-5.21	2.06	4.79	6.16	4.88
Return on Total Capital	-5.97	2.34	5.58	7.35	6.03
Return On Equity %	-33.71	5.47	14.87	18.45	11.88
Return on Common Equity	-33.71	5.47	14.87	18.45	11.88
Margin Analysis
Gross Profit Margin %	-41.48	38.11	46.15	48.43	47.17
SG&A Margin	55.36	27.5	27.75	27.11	28.92
EBITDA Margin %	-36.17	28.07	30.51	32.12	29.39
EBITA Margin %	-96.84	10.61	18.39	21.32	18.24
EBIT Margin %	-96.84	10.61	18.39	21.32	18.24
Income From Continuing Operations Margin %	-110.43	4.58	11.02	15.55	12.44
Net Income Margin %	-110.43	4.58	11.02	15.55	12.44
Net Avail. For Common Margin %	-110.43	4.58	11.02	15.55	12.44
Normalized Net Income Margin	-77.59	2.89	8.47	10.82	9.58
Levered Free Cash Flow Margin	-43.88	24.98	21.23	21.63	14.65
Unlevered Free Cash Flow Margin	-31.51	28.78	24.34	24.22	16.54
Asset Turnover
Asset Turnover	0.09	0.31	0.42	0.46	0.43
Fixed Assets Turnover	0.09	0.33	0.45	0.5	0.47
Receivables Turnover (Average Receivables)	17.19	29.02	31.71	43.3	40.14
Inventory Turnover (Average Inventory)	41.02	50.64	45.92	45.45	40.88
Short Term Liquidity
Current Ratio	0.16	0.19	0.26	0.32	0.58
Quick Ratio	0.09	0.17	0.21	0.28	0.51
Operating Cash Flow to Current Liabilities	-0.18	0.25	0.56	0.69	0.82
Days Sales Outstanding (Average Receivables)	21.23	12.58	11.51	8.45	9.09
Days Outstanding Inventory (Average Inventory)	8.9	7.21	7.95	8.05	8.93
Average Days Payable Outstanding	29.61	26.85	30.17	30.83	32.71
Cash Conversion Cycle (Average Days)	0.52	-7.07	-10.71	-14.32	-14.69
Long Term Solvency
Total Debt/Equity	258.48	221.06	143.45	91.73	70.79
Total Debt / Total Capital	72.1	68.85	58.92	47.84	41.45
LT Debt/Equity	175.78	110.11	97.87	57.66	54.91
Long-Term Debt / Total Capital	49.03	34.3	40.2	30.07	32.15
Total Liabilities / Total Assets	75.26	72.83	65.22	56.75	53.75
EBIT / Interest Expense	-4.89	1.75	3.69	5.14	6.03
EBITDA / Interest Expense	-1.37	5.05	6.49	8.19	10.37
(EBITDA - Capex) / Interest Expense	-2.44	4.78	6	7.48	5.36
Total Debt / EBITDA	-26.39	6.22	3.64	2.48	2.5
Net Debt / EBITDA	-25.71	5.75	3.39	2.18	1.93
Total Debt / (EBITDA - Capex)	-14.82	6.56	3.95	2.72	4.85
Net Debt / (EBITDA - Capex)	-14.44	6.07	3.67	2.38	3.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-38.49	243.02	30.56	7.35	-6.64
Gross Profit, 1 Yr. Growth %	274.6	-415.15	58.09	12.65	-9.07
EBITDA, 1 Yr. Growth %	37.54	-366.18	41.91	13.04	-14.59
EBITA, 1 Yr. Growth %	17.96	-137.59	126.26	24.42	-20.11
EBIT, 1 Yr. Growth %	17.96	-137.59	126.26	24.42	-20.11
Earnings From Cont. Operations, 1 Yr. Growth %	29.27	-114.21	214.54	51.39	-25.31
Net Income, 1 Yr. Growth %	29.27	-114.21	214.54	51.39	-25.31
Normalized Net Income, 1 Yr. Growth %	21.92	-112.77	282.68	37.2	-17.38
Diluted EPS Before Extra, 1 Yr. Growth %	29.27	-114.21	214.54	51.39	-25.31
Accounts Receivable, 1 Yr. Growth %	90.23	110.05	-23.67	-18.36	24.08
Inventory, 1 Yr. Growth %	12.73	29.36	22.14	-11.09	25.92
Net Property, Plant and Equip., 1 Yr. Growth %	-6.2	-5.8	-1.76	-4.58	1.94
Total Assets, 1 Yr. Growth %	-6.51	-2.85	-2.86	-3.46	5.31
Tangible Book Value, 1 Yr. Growth %	-26.48	6.89	24.28	20.17	12.68
Common Equity, 1 Yr. Growth %	-26.58	6.7	24.38	20.05	12.62
Cash From Operations, 1 Yr. Growth %	48.23	-297.99	34.08	14.11	1.03
Capital Expenditures, 1 Yr. Growth %	-81.73	-73.83	99.81	27.07	383.19
Levered Free Cash Flow, 1 Yr. Growth %	-59.11	-295.28	10.94	9.4	-36.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-68.1	-413.31	10.42	6.83	-36.25
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-34.28	45.26	111.62	18.39	0.11
Gross Profit, 2 Yr. CAGR %	-0.52	243.59	123.21	33.45	1.21
EBITDA, 2 Yr. CAGR %	-10.21	91.34	94.35	26.66	-1.74
EBITA, 2 Yr. CAGR %	6.24	-33.41	-7.77	67.78	-0.3
EBIT, 2 Yr. CAGR %	6.24	-33.41	-7.77	67.78	-0.3
Earnings From Cont. Operations, 2 Yr. CAGR %	29.35	-57.14	-33.14	118.21	6.33
Net Income, 2 Yr. CAGR %	29.35	-57.14	-33.14	118.21	6.33
Normalized Net Income, 2 Yr. CAGR %	21.91	-60.54	-30.1	129.14	6.47
Diluted EPS Before Extra, 2 Yr. CAGR %	29.35	-57.14	-33.14	118.21	6.33
Accounts Receivable, 2 Yr. CAGR %	-7.65	99.9	26.62	-21.06	0.64
Inventory, 2 Yr. CAGR %	-5.67	20.76	25.7	4.21	5.81
Net Property, Plant and Equip., 2 Yr. CAGR %	51.87	-6	-3.8	-3.18	-1.38
Total Assets, 2 Yr. CAGR %	40.32	-4.7	-2.85	-3.16	0.83
Tangible Book Value, 2 Yr. CAGR %	150.26	-11.35	15.26	22.21	16.36
Common Equity, 2 Yr. CAGR %	143.13	-11.49	15.2	22.19	16.27
Cash From Operations, 2 Yr. CAGR %	17.22	71.31	62.93	23.69	7.37
Capital Expenditures, 2 Yr. CAGR %	-71.05	-78.14	-27.69	59.34	147.79
Levered Free Cash Flow, 2 Yr. CAGR %	-59.03	-10.64	47.19	10.17	-16.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	-65.1	-0.02	86	8.61	-17.47
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-36.6	14	40.18	68.77	9.37
Gross Profit, 3 Yr. CAGR %	-38.23	46.11	165.25	77.71	17.43
EBITDA, 3 Yr. CAGR %	-27.82	28.99	73.2	62.23	11.07
EBITA, 3 Yr. CAGR %	22.66	-24.85	0.11	1.91	31.02
EBIT, 3 Yr. CAGR %	22.66	-24.85	0.11	1.91	31.02
Earnings From Cont. Operations, 3 Yr. CAGR %	33.69	-38.05	-16.71	-12.2	52.64
Net Income, 3 Yr. CAGR %	33.69	-38.05	-16.71	-12.2	52.64
Normalized Net Income, 3 Yr. CAGR %	30.04	-42.53	-15.86	-12.48	63.09
Diluted EPS Before Extra, 3 Yr. CAGR %	33.69	-38.05	-16.71	-12.2	52.64
Accounts Receivable, 3 Yr. CAGR %	-22.35	21.45	45.02	9.39	-8.22
Inventory, 3 Yr. CAGR %	3.62	4.8	21.22	11.99	10.99
Net Property, Plant and Equip., 3 Yr. CAGR %	62.21	29.52	-4.61	-4.06	-1.51
Total Assets, 3 Yr. CAGR %	49.98	24.14	-4.09	-3.06	-0.42
Tangible Book Value, 3 Yr. CAGR %	26.28	88.47	-0.78	16.87	18.94
Common Equity, 3 Yr. CAGR %	25.55	84.76	-0.87	16.79	18.91
Cash From Operations, 3 Yr. CAGR %	-14.42	39.6	57.87	44.69	15.62
Capital Expenditures, 3 Yr. CAGR %	-16.39	-72.01	-54.29	-12.74	130.63
Levered Free Cash Flow, 3 Yr. CAGR %	8.16	-31.05	-3.96	33.33	-8.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.04	-27.46	3.34	54.61	-9.06
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-22.77	-1.97	2.68	15.73	22.52
Gross Profit, 5 Yr. CAGR %	-22.61	-4.45	3.26	40.91	80.42
EBITDA, 5 Yr. CAGR %	-14.46	0.81	7.27	28.05	38.06
EBITA, 5 Yr. CAGR %	24.89	-4.15	9.44	3.62	-0.05
EBIT, 5 Yr. CAGR %	24.89	-4.15	9.44	3.62	-0.05
Earnings From Cont. Operations, 5 Yr. CAGR %	32.38	-16.4	1.33	2.52	-8.16
Net Income, 5 Yr. CAGR %	32.38	-16.4	1.33	2.52	-8.16
Normalized Net Income, 5 Yr. CAGR %	30.09	-19.8	1.45	-0.07	-7.55
Diluted EPS Before Extra, 5 Yr. CAGR %	32.38	-16.4	1.33	2.52	-8.16
Accounts Receivable, 5 Yr. CAGR %	-9.89	-3.05	-5.57	2.22	25.31
Inventory, 5 Yr. CAGR %	0.7	9.87	11.94	4.56	14.8
Net Property, Plant and Equip., 5 Yr. CAGR %	30.23	31.53	31.62	15.29	-3.33
Total Assets, 5 Yr. CAGR %	24.17	26.51	26.06	12.4	-2.15
Tangible Book Value, 5 Yr. CAGR %	16.88	17.36	21.75	58.48	5.75
Common Equity, 5 Yr. CAGR %	16.16	16.83	21.3	56.6	5.66
Cash From Operations, 5 Yr. CAGR %	-6.04	2.63	10.72	33.01	35.31
Capital Expenditures, 5 Yr. CAGR %	-20	-22.23	-21.11	-43.88	-10.12
Levered Free Cash Flow, 5 Yr. CAGR %	38.65	8.96	22.34	-16.84	-9.33
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.05	11.44	25.04	-14.75	-5.55
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-