Financial Highlights 2025
Total Sales
Total Net Profit
Total Assets
Dividend Payment
Unit : THB mn
| Period as of | 2015 | 2016 | 2017 | 2018* | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Highlights | |||||||||||
| Sales | 125,183 | 134,375 | 136,535 | 133,285 | 126,275 | 132,402 | 141,048 | 155,586 | 136,153 | 138,433 | 132,719 |
| Profit attributable to owners of the parent | 5,302 | 5,254 | 6,021 | 5,191 | 5,218 | 6,246 | 8,013 | 7,138 | -13,933** | 4,985 | 5,508 |
| Net Profit | 8,013 | 7,138 | 4,499 | 4,985 | 5,508 | ||||||
| Total Assets | 111,477 | 142,365 | 146,092 | 142,251 | 141,909 | 144,575 | 166,604 | 182,569 | 165,450 | 154,912 | 158,326 |
| Total Liabilities | 62,851 | 94,930 | 98,040 | 96,302 | 90,114 | 88,838 | 104,391 | 94,438 | 99,433 | 98,600 | 106,243 |
| Total Shareholders' Equity | 48,626 | 47,436 | 48,051 | 42,688 | 51,795 | 55,737 | 62,213 | 88,131 | 66,017 | 56,313 | 52,083 |
| Earnings per Share | 1.11 | 1.10 | 1.26 | 1.09 | 0.80 | 1.26 | 1.66 | 1.47 | -3.15** | 1.08 | 1.16 |
| Dividend per Share | 0.63 | 0.63 | 0.66 | 0.40 | 0.47 | 0.72 | 0.95 | 0.84 | 0.54 | 0.66 | 0.70 |
| Book Value per Share | 9.60 | 9.06 | 9.28 | 9.06 | 10.15 | 11.21 | 12.74 | 17.32 | 13.16 | 11.43 | 11.02 |
| Par Value | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
Remark
* 2023 net profit before Red Lobster’s impairment and IFRS 5 (THB 4.5 billion) compared to 2022 reported net profit.
** Reported numbers were after Red Lobster’s one-time non-cash impairment of THB 18.4 billion and IFRS 5 reclassification. However, net profit and earnings per share before Red Lobster’s impairment and IFRS 5 would be THB 4.5 billion and THB 0.93 per share, respectively.
| Ratios | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Efficiency Activity Ratios | |||||||
| Accounts Receivable Days (Days) | 38 | 32 | 30 | 31 | 37 | 36 | 40 |
| Inventory Days (Days) | 128 | 125 | 133 | 139 | 164 | 150 | 155 |
| Profitability Ratios | |||||||
| Gross Profit Margin (%) | 15.9 | 17.7 | 18.2 | 17.5 | 17.1 | 18.5 | 18.9 |
| Net Profit Margin (%) | 4.1 | 4.7 | 5.7 | 4.6 | 3.3**** | 3.6 | 3.5 |
| Return on Assets (%)** | 4.6 | 6.3 | 6.9 | 4.9 | 4.0**** | 5.6 | 5.1 |
| Return on Average Equity (%) | 9.0 | 14.1 | 16.1 | 11.1 | 7.1**** | 9.8 | 9.9 |
| Return on Capital Employed (%) | 6.5 | 9.2 | 10.4 | 6.8 | 5.6**** | 8.4 | 7.5 |
| Liquidity Ratios | |||||||
| Current Ratio (Times) | 1.66 | 1.37 | 1.56 | 2.38 | 1.70 | 1.57 | 1.7 |
| Leverage Ratios | |||||||
| Net Debt to Equity Ratio (Times)** | 1.07 | 0.94 | 0.99 | 0.54 | 0.78 | 0.94 | 1.18 |
| Net Debt to EBITDA Ratio (Times) | 4.11 | 3.67 | 4.64 | 3.97 | 5.03 | ||
| Interest Coverage Ratio (Times) | 8.63 | 6.45 | 4.82 | 5.36 | 4.9 | ||
| Per Share Data | |||||||
| Earnings per Share (Thai Baht) | 0.80 | 1.26 | 1.66 | 1.47 | 0.93**** | 1.08 | 1.16 |
| Book Value per Share (Thai Baht)*** | 8.90 | 9.69 | 11.18 | 15.65 | 13.16 | 11.43 | 11.02 |
* Debt = Interest bearing debt only
** Pre-tax ROA = EBIT/Average total assets
*** BV = Total shareholders’ equity / (outstanding shares - share repurchase)
**** Profitability ratios are calculated on normalized number, excluding one-time non-cash impairment of Red Lobster (THB 18.4 billion) in the fourth quarter of 2023 and before IFRS 5 reclassification.