Balance Sheet AEON Thana Sinsap (Thailand)

Equities

AEONTS

TH0664010Z03

Consumer Lending

End-of-day quote Thailand S.E. Other stock markets 2026-03-09			5-day change	1st Jan Change
89.50 ^THB	-0.83%		-4.28%	-16.74%

Jan. 12	Krungsri Securities Downgrades Aeon Thana Sinsap Thailand to Reduce from Buy, Price Target is THB90	MT
Jan. 09	Kasikorn Securities Downgrades Aeon Thana Sinsap Thailand to Neutral from Outperform, Price Target is THB105	MT

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Published financial data: AEON THANA SINSAP (THAILAND)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	12.14B	11.44B	11.41B	10.95B	11.01B
Interest Expense, Total	2.1B	1.74B	1.9B	2.16B	2.25B
Net Interest Income	10.04B	9.7B	9.51B	8.79B	8.76B
Commission and Fees	510M	682M	689M	643M	648M
Credit Card Fee – (Collected)	6.45B	6.46B	7.64B	7.82B	7.36B
Gain (Loss) on Sale of Loans & Receivables	250M	320M	405M	167M	172M
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	9.41M	-
Other Revenues, Total	246M	210M	226M	221M	181M
Revenues Before Provison For Loan Losses	17.5B	17.37B	18.47B	17.65B	17.13B
Provision For Loan Losses	4.98B	5.21B	5.57B	5.39B	5.12B
Total Revenues	12.52B	12.16B	12.9B	12.25B	12.01B
Cost of Services Provided, Total	7.74B	7.31B	7.55B	7.84B	8.25B
Other Operating Expenses	79.18M	266M	302M	244M	659K
Total Operating Expenses	7.82B	7.58B	7.86B	8.08B	8.25B
Operating Income	4.69B	4.58B	5.05B	4.17B	3.76B
Income (Loss) on Equity Invest.	-25.43M	-	-	-	-
EBT, Excl. Unusual Items	4.67B	4.58B	5.05B	4.17B	3.76B
Gain (Loss) on Sale of Investments	-14.01M	-	-	-	-
Gain (Loss) on Sale of Assets	-6.8M	-11.1M	768K	-940K	92.07M
Asset Writedown	-	-	-98.89M	-7.19M	-2.45M
EBT, Incl. Unusual Items	4.65B	4.57B	4.95B	4.16B	3.85B
Income Tax Expense	967M	1B	996M	824M	897M
Earnings From Continuing Operations	3.68B	3.57B	3.95B	3.34B	2.95B
Net Income to Company	3.68B	3.57B	3.95B	3.34B	2.95B
Minority Interest	9.61M	-20.85M	-139M	-79.07M	-90.16M
Net Income - (IS)	3.69B	3.55B	3.82B	3.26B	2.86B
Net Income to Common Incl Extra Items	3.69B	3.55B	3.82B	3.26B	2.86B
Net Income to Common Excl. Extra Items	3.69B	3.55B	3.82B	3.26B	2.86B
Per Share Items
Net EPS - Basic	14.76	14.21	15.26	13.04	11.44
Basic EPS - Continuing Operations	14.76	14.21	15.26	13.04	11.44
Basic Weighted Average Shares Outstanding	250M	250M	250M	250M	250M
Net EPS - Diluted	14.76	14.21	15.26	13.04	11.44
Diluted EPS - Continuing Operations	14.76	14.21	15.26	13.04	11.44
Diluted Weighted Average Shares Outstanding	250M	250M	250M	250M	250M
Normalized Basic EPS	11.71	11.38	12.06	10.11	9.03
Normalized Diluted EPS	11.71	11.38	12.06	10.11	9.03
Dividend Per Share	4.5	5.15	5.5	5.5	5.5
Payout Ratio	30.4	36.78	34.18	42.54	48.58
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Total Revenues (As Reported)	21.3B	20.79B	22.33B	21.97B	22.1B
Effective Tax Rate - (Ratio)	20.81	21.86	20.12	19.79	23.32
Total Current Taxes	1.29B	430M	811M	517M	757M
Total Deferred Taxes	-327M	570M	185M	306M	140M
Normalized Net Income	2.93B	2.84B	3.02B	2.53B	2.26B
Non-Cash Pension Expense	42.8M	33.44M	13.64M	6.1M	25.04M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	5.11B	4.24B	3.82B	2.8B	3.57B
Long-Term Investments - (FS Template)	5.06M	443M	834M	608M	369M
Trading Asset Securities, Total	-	82.38M	1.05B	1.03B	425M
Loans and Lease Receivables - (FS Template)	75.67B	79.96B	83.75B	82.97B	109M
Other Receivables	762M	343M	375M	505M	76.05B
Gross Property Plant And Equipment	5.55B	5.34B	5.36B	5.21B	5.16B
Accumulated Depreciation	-4.09B	-4.11B	-3.95B	-4.05B	-3.89B
Net Property Plant And Equipment	1.46B	1.23B	1.42B	1.16B	1.27B
Other Intangibles, Total	697M	920M	923M	851M	805M
Other Current Assets, Total	333M	405M	319M	277M	388M
Deferred Tax Assets Long-Term (Collected)	3.12B	2.62B	2.34B	2.09B	1.93B
Other Long-Term Assets, Total	231M	223M	384M	218M	6.54B
Total Assets	87.39B	90.47B	95.21B	92.5B	91.46B
Liabilities
Accounts Payable, Total	556M	270M	221M	84.86M	139M
Accrued Expenses, Total	555M	646M	717M	907M	858M
Short-Term Borrowings	10.38B	9.17B	4.49B	2.68B	4.4B
Current Portion of Long-Term Debt	8.28B	21.54B	13.4B	19.85B	23.08B
Current Portion of Leases	454M	356M	444M	377M	354M
Long-Term Debt	47.19B	35.65B	49.69B	41.53B	33.6B
Long-Term Leases	236M	269M	474M	314M	364M
Current Income Taxes Payable	629M	380M	643M	36.76M	97.6M
Unearned Revenue, Current	413M	495M	369M	320M	313M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	749M	875M	885M	774M	690M
Pension & Other Post Retirement Benefits	478M	463M	444M	484M	435M
Other Non Current Liabilities	82.74M	82.96M	83.32M	81.52M	75.4M
Total Liabilities	70.01B	70.21B	71.86B	67.44B	64.41B
Common Stock, Total	250M	250M	250M	250M	250M
Additional Paid In Capital	478M	478M	478M	478M	478M
Retained Earnings	17.35B	19.68B	22.26B	24.16B	25.74B
Comprehensive Income and Other	-1.02B	-523M	-164M	-416M	-55.31M
Total Common Equity	17.06B	19.89B	22.82B	24.47B	26.42B
Minority Interest	322M	375M	527M	589M	636M
Total Equity	17.38B	20.26B	23.35B	25.06B	27.05B
Total Liabilities And Equity	87.39B	90.47B	95.21B	92.5B	91.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	250M	250M	250M	250M	250M
ECS Total Common Shares Outstanding	250M	250M	250M	250M	250M
Book Value / Share	68.23	79.55	91.29	97.89	105.67
Tangible Book Value	16.36B	18.97B	21.9B	23.62B	25.61B
Tangible Book Value Per Share	65.44	75.87	87.59	94.49	102.45
Total Debt	66.55B	66.99B	68.5B	64.75B	61.8B
Debt Equivalent of Unfunded Proj. Benefit Obligation	478M	463M	444M	484M	417M
Net Debt	61.44B	62.68B	63.63B	60.92B	57.81B
Equity Method Investments, Total	-	-	-	-	-
Full Time Employees	-	4.22K	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	3.69B	3.55B	3.82B	3.26B	2.86B
Depreciation, Depletion & Amortization	940M	896M	810M	749M	694M
Total Depreciation, Depletion & Amortization	940M	896M	810M	749M	694M
Amortization of Deferred Charges, Total	183M	203M	242M	272M	277M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-250M	-320M	-405M	-167M	-172M
(Gain) Loss On Sale of Asset - (CF)	5.69M	7.59M	-768K	940K	-92.07M
(Gain) Loss on Sale of Investments - (CF)	14.01M	-	-	-9.41M	-
Total Asset Writedown	1.11M	3.5M	98.89M	7.19M	2.45M
Provision for Credit Losses	6.21B	6.63B	7.26B	7.24B	7.23B
(Income) Loss On Equity Investments - (CF)	25.43M	-	-	-	-
Change in Accounts Payable	38.29M	-203M	-86.08M	-233M	67.86M
Change in Other Net Operating Assets (Collected)	-2.35B	-9.92B	-11B	-6.85B	-7.26B
Other Operating Activities	-606M	-98.27M	737M	205M	1.04B
Cash from Operations	7.9B	756M	1.47B	4.47B	4.65B
Capital Expenditure	-318M	-198M	-212M	-252M	-293M
Sale of Property, Plant, and Equipment	1.36M	18.21M	2.17M	1.36M	1.76M
Cash Acquisitions	-	-	-	-250K	-
Divestitures	-	-	-	-	60.13M
Purchase / Sale of Intangible Assets	-219M	-290M	-442M	-207M	-253M
Investment in Marketable and Equity Securities, Total	-	-144M	-	-72M	-72M
Other Investing Activities, Total	-17K	-2.32M	-102M	106M	-35.51M
Cash from Investing	-536M	-616M	-754M	-423M	-592M
Short Term Debt Issued, Total	85.66B	92.8B	116B	98.43B	79.7B
Long-Term Debt Issued, Total	10.24B	9.26B	27.46B	11.89B	15.52B
Total Debt Issued	95.89B	102B	144B	110B	95.22B
Short Term Debt Repaid, Total	-82.65B	-93.97B	-121B	-100B	-77.92B
Long-Term Debt Repaid, Total	-19.71B	-8.16B	-22.95B	-14.03B	-19.82B
Total Debt Repaid	-102B	-102B	-144B	-114B	-97.74B
Issuance of Common Stock	-	-	-	-	367M
Common Dividends Paid	-1.12B	-1.31B	-1.3B	-1.39B	-1.39B
Common & Preferred Stock Dividends Paid	-1.12B	-1.31B	-1.3B	-1.39B	-1.39B
Other Financing Activities, Total	317M	417M	232M	192M	296M
Cash from Financing	-7.26B	-963M	-1.13B	-5.06B	-3.25B
Foreign Exchange Rate Adjustments	14.5M	-46.61M	-8.1M	-5.44M	-29.69M
Net Change in Cash	112M	-870M	-419M	-1.02B	775M
Supplemental Items
Cash Interest Paid	2.24B	1.72B	1.91B	2.07B	2.2B
Cash Income Tax Paid (Refund)	1.32B	881M	545M	1.24B	691M
Net Debt Issued / Repaid	-6.46B	-72.62M	-57.71M	-3.87B	-2.53B

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.03	4.02	4.26	3.56	3.21
Return On Equity %	19.11	18.99	18.13	13.79	11.32
Return on Common Equity	19.53	19.23	17.87	13.78	11.24
Margin Analysis
Gross Profit Margin %	53.53	53.74	55.42	51.72	48.07
SG&A Margin	15.4	13.86	13.95	15.7	16.76
Income From Continuing Operations Margin %	29.4	29.38	30.64	27.24	24.58
Net Income Margin %	29.48	29.21	29.57	26.59	23.83
Net Avail. For Common Margin %	29.48	29.21	29.57	26.59	23.83
Normalized Net Income Margin	23.39	23.39	23.37	20.62	18.81
Asset Turnover
Asset Turnover	0.14	0.14	0.14	0.13	0.13
Short Term Liquidity
Current Ratio	3.72	2.52	4.22	3.5	2.69
Quick Ratio	3.7	2.51	4.2	3.49	2.68
Operating Cash Flow to Current Liabilities	0.36	0.02	0.07	0.18	0.16
Long Term Solvency
Total Debt/Equity	382.89	330.61	293.37	258.36	228.44
Total Debt / Total Capital	79.29	76.78	74.58	72.09	69.55
LT Debt/Equity	272.9	177.27	214.86	166.95	125.54
Long-Term Debt / Total Capital	56.51	41.17	54.62	46.59	38.22
Total Liabilities / Total Assets	80.11	77.6	75.48	72.91	70.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-10	-2.82	6.08	-5.03	-2.03
Gross Profit, 1 Yr. Growth %	-16.89	-2.43	9.39	-11.37	-8.95
Earnings From Cont. Operations, 1 Yr. Growth %	-10.68	-2.88	10.64	-15.59	-11.6
Net Income, 1 Yr. Growth %	-7.19	-3.7	7.38	-14.58	-12.23
Normalized Net Income, 1 Yr. Growth %	-5.16	-2.81	6.02	-16.22	-10.62
Diluted EPS Before Extra, 1 Yr. Growth %	-7.19	-3.7	7.38	-14.58	-12.23
Common Equity, 1 Yr. Growth %	-17.71	16.6	14.75	7.23	7.95
Total Assets, 1 Yr. Growth %	-8.39	3.53	5.24	-2.84	-1.12
Tangible Book Value, 1 Yr. Growth %	-18.53	15.93	15.45	7.87	8.43
Cash From Operations, 1 Yr. Growth %	-406.23	-90.43	94.82	203.61	4.01
Capital Expenditures, 1 Yr. Growth %	5.22	-37.64	6.82	18.85	16.46
Dividend Per Share, 1 Yr. Growth %	-10	14.44	6.8	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.56	-6.48	1.53	0.37	-3.54
Gross Profit, 2 Yr. CAGR %	2.7	-9.95	3.31	-1.53	-10.17
Earnings From Cont. Operations, 2 Yr. CAGR %	1.58	-6.87	3.66	-3.36	-13.62
Net Income, 2 Yr. CAGR %	2.58	-5.46	1.69	-4.23	-13.41
Normalized Net Income, 2 Yr. CAGR %	3.3	-3.99	1.51	-5.75	-13.46
Diluted EPS Before Extra, 2 Yr. CAGR %	2.58	-5.46	1.69	-4.23	-13.41
Common Equity, 2 Yr. CAGR %	-2.8	-2.05	15.67	10.93	7.59
Total Assets, 2 Yr. CAGR %	0.15	-2.62	4.38	1.12	-1.99
Tangible Book Value, 2 Yr. CAGR %	-3.38	-2.81	15.69	11.59	8.15
Cash From Operations, 2 Yr. CAGR %	85.73	-45.86	-56.81	143.21	77.7
Capital Expenditures, 2 Yr. CAGR %	-16.49	-19	-18.38	12.68	17.65
Dividend Per Share, 2 Yr. CAGR %	-2.15	1.49	10.55	3.34	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.76	-2.65	-2.47	-0.7	-0.44
Gross Profit, 3 Yr. CAGR %	7.12	0.96	-3.92	-1.83	-4.07
Earnings From Cont. Operations, 3 Yr. CAGR %	7.11	0.07	-1.36	-3.2	-6.19
Net Income, 3 Yr. CAGR %	7.54	0.44	-1.36	-4.05	-6.97
Normalized Net Income, 3 Yr. CAGR %	8.34	1.22	-0.76	-4.78	-7.4
Diluted EPS Before Extra, 3 Yr. CAGR %	7.54	0.44	-1.36	-4.05	-6.97
Common Equity, 3 Yr. CAGR %	2.72	3.28	3.26	12.78	9.92
Total Assets, 3 Yr. CAGR %	2.66	1.26	-0.07	1.91	0.36
Tangible Book Value, 3 Yr. CAGR %	2.46	2.67	2.93	13.02	10.53
Cash From Operations, 3 Yr. CAGR %	11.57	-30.88	-17.03	-17.27	83.24
Capital Expenditures, 3 Yr. CAGR %	10.02	-24.24	-11.17	-7.49	13.92
Dividend Per Share, 3 Yr. CAGR %	7.72	3.09	3.23	6.92	2.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.83	2.86	1.67	-1.45	-2.9
Gross Profit, 5 Yr. CAGR %	8.07	7.78	5.58	-0.04	-6.47
Earnings From Cont. Operations, 5 Yr. CAGR %	8.39	8.13	5.72	-1.32	-6.46
Net Income, 5 Yr. CAGR %	8.57	8.13	5.16	-1.45	-6.37
Normalized Net Income, 5 Yr. CAGR %	8.86	8.54	5.55	-1.63	-6.05
Diluted EPS Before Extra, 5 Yr. CAGR %	8.57	8.13	5.16	-1.45	-6.37
Common Equity, 5 Yr. CAGR %	6.98	7.75	7.72	6.27	4.97
Total Assets, 5 Yr. CAGR %	3.82	4.49	3.34	1.2	-0.84
Tangible Book Value, 5 Yr. CAGR %	7.26	7.68	7.56	6.15	4.99
Cash From Operations, 5 Yr. CAGR %	45.01	-5.86	-23.67	14.33	12.52
Capital Expenditures, 5 Yr. CAGR %	5.41	-15.92	-2.37	-11.2	-0.6
Dividend Per Share, 5 Yr. CAGR %	5.46	8.34	8.85	3.19	1.92