Income Statement T Engineering Corporation Thailand S.E.

Stocks

PSG

TH0922010Y06

Construction & Engineering

End-of-day quote Thailand S.E. Other stock markets 2025-05-13			5-day change	1st Jan Change
1.110 ^THB	-20.71%		-18.38%	-43.37%

May. 12	PSG Corporation posts qtrly profit attributable of 242.1 mln baht	RE
May. 12	PSG Corporation Public Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: T ENGINEERING CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	18.49M	1.03B	2.73B	3.51B	2.66B
Other Revenues, Total	-	20.55M	16.18M	43.85M	67.66M
Total Revenues	18.49M	1.05B	2.75B	3.56B	2.72B
Cost of Goods Sold, Total	20.03M	337M	863M	1.46B	1.61B
Gross Profit	-1.54M	714M	1.89B	2.1B	1.11B
Selling General & Admin Expenses, Total	84.66M	123M	218M	270M	381M
Provision for Bad Debts	-43.82K	-	-	-	-
Other Operating Expenses	-18.63M	-	-	-	-
Other Operating Expenses, Total	65.99M	123M	218M	270M	381M
Operating Income	-67.53M	591M	1.67B	1.83B	729M
Interest Expense, Total	-1.73M	-3.43M	-4.18M	-4.7M	-4.19M
Interest And Investment Income	268K	-	-	-	-
Net Interest Expenses	-1.47M	-3.43M	-4.18M	-4.7M	-4.19M
Currency Exchange Gains (Loss)	-	-27.74M	-10.82M	-30.03M	-250M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-68.99M	560M	1.66B	1.8B	475M
Gain (Loss) On Sale Of Investments	563K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	6.63M	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-61.8M	560M	1.66B	1.8B	475M
Income Tax Expense	1.33M	19.06M	339M	358M	97.97M
Earnings From Continuing Operations	-63.13M	540M	1.32B	1.44B	377M
Net Income to Company	-63.13M	540M	1.32B	1.44B	377M
Net Income - (IS)	-63.13M	540M	1.32B	1.44B	377M
Net Income to Common Incl Extra Items	-63.13M	540M	1.32B	1.44B	377M
Net Income to Common Excl. Extra Items	-63.13M	540M	1.32B	1.44B	377M
Per Share Items
Net EPS - Basic	-0.09	0.24	0.59	0.65	0.17
Basic EPS - Continuing Operations	-0.09	0.24	0.59	0.65	0.17
Basic Weighted Average Shares Outstanding	715M	2.23B	2.23B	2.23B	2.23B
Net EPS - Diluted	-0.09	0.24	0.59	0.65	0.17
Diluted EPS - Continuing Operations	-0.09	0.24	0.59	0.65	0.17
Diluted Weighted Average Shares Outstanding	715M	2.23B	2.23B	2.23B	2.23B
Normalized Basic EPS	-0.06	0.16	0.46	0.5	0.13
Normalized Diluted EPS	-0.06	0.16	0.46	0.5	0.13
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-64.95M	596M	1.68B	1.84B	743M
EBITA	-67.53M	591M	1.67B	1.83B	729M
EBIT	-67.53M	591M	1.67B	1.83B	729M
EBITDAR	-64.14M	596M	1.68B	1.84B	744M
Total Revenues (As Reported)	-	1.05B	2.75B	3.56B	2.72B
Effective Tax Rate - (Ratio)	-2.14	3.41	20.47	19.91	20.61
Total Current Taxes	-	22.47M	335M	358M	90.92M
Deferred Domestic Taxes	1.33M	-	-	-	-
Total Deferred Taxes	1.33M	-3.41M	3.35M	43K	7.06M
Normalized Net Income	-43.12M	350M	1.03B	1.12B	297M
Interest on Long-Term Debt	-	2.37M	2.89M	2.59M	3.1M
Non-Cash Pension Expense	75.97K	105K	145K	158K	167K
Supplemental Operating Expense Items
Advertising Expense	662K	-	-	-	-
General and Administrative Expenses	84.66M	123M	218M	270M	381M
Net Rental Expense, Total	814K	521K	381K	663K	1.11M
Imputed Operating Lease Interest Expense	837K	397K	273K	805K	1.04M
Imputed Operating Lease Depreciation	-23.76K	124K	108K	-142K	75.64K
Maintenance & Repair Expenses, Total	127K	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.06B	616M	1.3B	1.75B	1.96B
Short Term Investments	-	-	-	292	-315
Trading Asset Securities, Total	-	803M	451M	459M	164M
Total Cash And Short Term Investments	1.06B	1.42B	1.75B	2.21B	2.13B
Accounts Receivable, Total	11.74M	148M	1.74B	2.28B	2.09B
Other Receivables	3.54M	49.7M	11.06M	18.48M	66.29M
Total Receivables	15.28M	198M	1.76B	2.3B	2.16B
Inventory	-	-	-	-	-
Prepaid Expenses	941K	215K	464K	1.31M	2.05M
Other Current Assets, Total	1.26M	4.14M	3.4M	3.58M	8.73M
Total Current Assets	1.08B	1.62B	3.51B	4.51B	4.3B
Gross Property Plant And Equipment	79.26M	98.51M	91.65M	99.08M	146M
Accumulated Depreciation	-56.71M	-20.13M	-24.92M	-29.76M	-34.04M
Net Property Plant And Equipment	22.56M	78.38M	66.73M	69.32M	112M
Long-term Investments	32.81M	23.21M	26.16M	22.24M	15.81M
Other Intangibles, Total	1.45M	615K	40.03K	30.04K	84.23K
Accounts Receivable Long-Term	13.84M	46.31M	95.91M	73.45M	71.7M
Deferred Tax Assets Long-Term	-	93.69K	-	-	809K
Other Long-Term Assets, Total	142M	179M	236M	209M	1.04B
Total Assets	1.29B	1.95B	3.93B	4.89B	5.53B
Liabilities
Accounts Payable, Total	16.2M	82.43M	451M	116M	326M
Accrued Expenses, Total	14.09M	5.08M	14.56M	14.5M	13.31M
Short-term Borrowings	12.24M	12.24M	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	733K	13.23M	15.6M	17.3M	19.89M
Current Income Taxes Payable	-	2.64M	195M	48.39M	47.71M
Unearned Revenue Current, Total	-	-	100M	41.49M	79.61M
Other Current Liabilities	20.24M	43.87M	64.36M	132M	153M
Total Current Liabilities	63.5M	159M	841M	370M	639M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.68M	31.93M	20.33M	8.66M	26.02M
Pension & Other Post Retirement Benefits	5.49M	6.49M	6.15M	8.46M	9.58M
Deferred Tax Liability Non Current	5.02M	-	3.84M	4.03M	1.13M
Other Non Current Liabilities	15.52M	11.81M	4.96M	5.27M	8.97M
Total Liabilities	91.21M	210M	876M	396M	685M
Common Stock, Total	64.99B	64.99B	64.99B	64.99B	16.25B
Retained Earnings	-1.54B	-1B	315M	1.75B	2.13B
Comprehensive Income and Other	-62.25B	-62.25B	-62.25B	-62.26B	-13.53B
Total Common Equity	1.2B	1.74B	3.06B	4.49B	4.85B
Minority Interest	-	-	-	-	-
Total Equity	1.2B	1.74B	3.06B	4.49B	4.85B
Total Liabilities And Equity	1.29B	1.95B	3.93B	4.89B	5.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.23B	2.23B	2.23B	2.23B	2.23B
ECS Total Common Shares Outstanding	2.23B	2.23B	2.23B	2.23B	2.23B
Book Value / Share	0.54	0.78	1.37	2.02	2.18
Tangible Book Value	1.2B	1.74B	3.06B	4.49B	4.85B
Tangible Book Value Per Share	0.54	0.78	1.37	2.02	2.18
Total Debt	14.64M	57.39M	35.93M	25.96M	45.91M
Net Debt	-1.05B	-1.36B	-1.71B	-2.18B	-2.08B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.49M	6.49M	6.15M	8.46M	9.58M
Debt Equivalent Oper. Leases	6.51M	4.17M	3.05M	5.3M	8.91M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Land - (BS)	12.19M	12.19M	12.19M	15.9M	15.9M
Buildings, Total	4.73M	7.64M	8.45M	8.22M	35.44M
Machinery, Total	59.99M	27.2M	29.23M	32.48M	37.88M
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	145M	145M	145M	145M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-63.13M	540M	1.32B	1.44B	377M
Depreciation & Amortization - CF	2.58M	15.39M	21.17M	24.7M	35.94M
Depreciation & Amortization, Total	2.58M	15.39M	21.17M	24.7M	35.94M
Amortization of Deferred Charges, Total - (CF)	879K	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-6.2M	-21.02K	-	-262K
(Gain) Loss on Sale of Investments - (CF)	61.43K	-2.73M	-4.67M	-8.71M	-4.07M
Asset Writedown & Restructuring Costs	-6.61M	108K	-	-8.86M	-179K
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	439K	-483K	-	-	-173K
Other Operating Activities, Total	23.37M	-39.73M	248M	-70.98M	195M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	1.65M	-136M	-1.62B	-483M	-768M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-15.47M	70.16M	378M	-299M	180M
Change in Unearned Revenues	-	-	100M	-58.71M	38.12M
Change in Other Net Operating Assets	7.8M	-848M	333M	-10.67M	22.76M
Cash from Operations	-48.44M	-407M	768M	523M	77M
Capital Expenditure	-3.36M	-14.89M	-2.96M	-12.06M	-30.47M
Sale of Property, Plant, and Equipment	-	10.17M	21.02K	225K	675K
Divestitures	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-18.84K	-31.63K	-	-77K
Investment in Marketable and Equity Securities, Total	14.86M	-	-	-	300M
Other Investing Activities, Total	-	-22.86M	-25.55M	-	14.44M
Cash from Investing	11.5M	-27.6M	-28.52M	-11.83M	285M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	30M	-	-	-	-
Total Debt Issued	30M	-	-	-	-
Short Term Debt Repaid, Total	-	-	-12.24M	-	-
Long-Term Debt Repaid, Total	-30.71M	-12.43M	-15.13M	-22M	-20.78M
Total Debt Repaid	-30.71M	-12.43M	-27.37M	-22M	-20.78M
Issuance of Common Stock	1.08B	-	-	-	-
Other Financing Activities, Total	-1.21M	-2.37M	-2.89M	-2.56M	-8.72M
Cash from Financing	1.08B	-14.8M	-30.25M	-24.56M	-29.5M
Foreign Exchange Rate Adjustments	-	4.78M	-27.36M	-37.65M	-117M
Net Change in Cash	1.04B	-445M	682M	449M	215M
Supplemental Items
Cash Interest Paid	1.21M	2.37M	2.89M	2.56M	3.08M
Cash Income Tax Paid (Refund)	-25.22M	65.36M	142M	505M	101M
Levered Free Cash Flow	-42.78M	261M	193M	214M	859M
Unlevered Free Cash Flow	-41.69M	263M	196M	217M	862M
Change In Net Working Capital	-418K	106M	866M	940M	-400M
Net Debt Issued / Repaid	-715K	-12.43M	-27.37M	-22M	-20.78M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-5.34	22.79	35.5	25.95	8.75
Return on Total Capital	-6.07	24.53	42.71	30.08	9.69
Return On Equity %	-9.26	36.78	54.91	38.13	8.08
Return on Common Equity	-9.26	36.78	54.91	38.13	8.08
Margin Analysis
Gross Profit Margin %	-8.32	67.95	68.63	59.08	40.76
SG&A Margin	457.79	11.71	7.92	7.59	13.99
EBITDA Margin %	-351.19	56.71	60.92	51.67	27.27
EBITA Margin %	-365.14	56.24	60.72	51.49	26.77
EBIT Margin %	-365.14	56.24	60.72	51.49	26.77
Income From Continuing Operations Margin %	-341.35	51.46	47.86	40.46	13.85
Net Income Margin %	-341.35	51.46	47.86	40.46	13.85
Net Avail. For Common Margin %	-341.35	51.46	47.86	40.46	13.85
Normalized Net Income Margin	-233.17	33.3	37.61	31.57	10.91
Levered Free Cash Flow Margin	-231.3	24.86	7.03	6.01	31.53
Unlevered Free Cash Flow Margin	-225.44	25.06	7.13	6.1	31.62
Asset Turnover
Asset Turnover	0.02	0.65	0.94	0.81	0.52
Fixed Assets Turnover	0.88	20.81	37.91	52.28	30.05
Receivables Turnover (Average Receivables)	1.79	12.91	2.89	1.71	1.21
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	16.98	10.16	4.17	12.21	6.73
Quick Ratio	16.95	10.13	4.17	12.19	6.71
Operating Cash Flow to Current Liabilities	-0.76	-2.55	0.91	1.42	0.12
Days Sales Outstanding (Average Receivables)	204.44	28.28	126.28	213.85	300.57
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	444.98	53.47	112.87	71.3	49.91
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	1.22	3.3	1.18	0.58	0.95
Total Debt / Total Capital	1.21	3.2	1.16	0.57	0.94
LT Debt/Equity	0.14	1.84	0.66	0.19	0.54
Long-Term Debt / Total Capital	0.14	1.78	0.66	0.19	0.53
Total Liabilities / Total Assets	7.06	10.77	22.28	8.11	12.37
EBIT / Interest Expense	-38.94	172.03	399.24	389.83	174.18
EBITDA / Interest Expense	-37.45	176.51	404.3	395.09	182.76
(EBITDA - Capex) / Interest Expense	-39.39	172.17	403.6	392.52	175.48
Total Debt / EBITDA	-0.23	0.09	0.02	0.01	0.06
Net Debt / EBITDA	16.11	-2.25	-1.01	-1.18	-2.72
Total Debt / (EBITDA - Capex)	-0.21	0.1	0.02	0.01	0.06
Net Debt / (EBITDA - Capex)	15.32	-2.3	-1.01	-1.18	-2.83
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-69.59	2.26K	161.9	29.29	-23.39
Gross Profit, 1 Yr. Growth %	-118.03	2.81K	164.54	11.29	-47.15
EBITDA, 1 Yr. Growth %	10.64	-1.14K	181.31	9.66	-59.57
EBITA, 1 Yr. Growth %	7.35	-1.08K	182.75	9.63	-60.17
EBIT, 1 Yr. Growth %	7.35	-1.08K	182.75	9.63	-60.17
Earnings From Cont. Operations, 1 Yr. Growth %	178.46	-956.11	143.57	9.29	-73.76
Net Income, 1 Yr. Growth %	178.46	-956.11	143.57	9.29	-73.76
Normalized Net Income, 1 Yr. Growth %	15.15	-1.01K	195.82	8.53	-73.53
Diluted EPS Before Extra, 1 Yr. Growth %	41.65	-374.89	143.58	9.29	-73.76
Accounts Receivable, 1 Yr. Growth %	30.78	1.16K	1.08K	25.16	-8.22
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	17.04	247.49	-14.86	3.87	61.58
Total Assets, 1 Yr. Growth %	348.2	50.82	101.93	24.23	13.24
Tangible Book Value, 1 Yr. Growth %	647.31	44.93	75.94	46.88	7.99
Common Equity, 1 Yr. Growth %	637.51	44.81	75.88	46.88	7.99
Cash From Operations, 1 Yr. Growth %	-8.48	773.67	-305.53	-31.88	-85.29
Capital Expenditures, 1 Yr. Growth %	577.75	342.86	-80.13	307.5	152.64
Levered Free Cash Flow, 1 Yr. Growth %	-87.02	-902	-25.9	86.18	301.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-87.33	-936.44	-25.51	84.54	297.34
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-75.14	315.6	685.5	84.01	-0.48
Gross Profit, 2 Yr. CAGR %	-62.26	814.66	776.93	71.58	-23.3
EBITDA, 2 Yr. CAGR %	0.79	218.54	440.36	75.64	-33.41
EBITA, 2 Yr. CAGR %	-0.41	206.44	427.3	76.07	-33.92
EBIT, 2 Yr. CAGR %	-0.41	206.44	427.3	76.07	-33.92
Earnings From Cont. Operations, 2 Yr. CAGR %	-16.71	388.25	356.65	63.16	-46.45
Net Income, 2 Yr. CAGR %	-16.71	388.25	356.65	63.16	-46.45
Normalized Net Income, 2 Yr. CAGR %	0.79	205.59	417.51	79.18	-46.4
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.02	97.33	158.76	63.16	-46.45
Accounts Receivable, 2 Yr. CAGR %	-54.46	305.77	1.12K	292.9	7.18
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-47.99	101.67	72.01	-5.96	29.55
Total Assets, 2 Yr. CAGR %	40.99	159.99	74.51	58.38	18.61
Tangible Book Value, 2 Yr. CAGR %	170.78	229.1	59.68	60.75	25.94
Common Equity, 2 Yr. CAGR %	167.97	226.8	59.59	60.73	25.94
Cash From Operations, 2 Yr. CAGR %	284.3	177.46	305.93	18.32	-68.35
Capital Expenditures, 2 Yr. CAGR %	327.95	447.86	-6.2	-10.02	220.86
Levered Free Cash Flow, 2 Yr. CAGR %	6.73	-10.98	143.78	-9.48	173.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.28	-10.58	149.62	-9.24	170.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-69.73	51.98	256.31	330.48	37.4
Gross Profit, 3 Yr. CAGR %	-78.37	304.36	504.88	340.69	15.88
EBITDA, 3 Yr. CAGR %	-37.46	110.42	205.62	217.55	7.65
EBITA, 3 Yr. CAGR %	-37.4	105.47	198.33	212.38	7.28
EBIT, 3 Yr. CAGR %	-37.4	105.47	198.33	212.38	7.28
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.33	81.09	287.24	183.52	-11.28
Net Income, 3 Yr. CAGR %	-30.33	81.09	287.24	183.52	-11.28
Normalized Net Income, 3 Yr. CAGR %	-35.71	101.97	202.3	207.46	-5.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-45.32	-2.6	111.68	94.15	-11.27
Accounts Receivable, 3 Yr. CAGR %	-59.48	37.69	479.21	479.24	141.98
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-35.17	-2.05	51.29	45.39	12.64
Total Assets, 3 Yr. CAGR %	14.9	44.2	138.99	55.82	41.63
Tangible Book Value, 3 Yr. CAGR %	66.62	119.85	167.1	55.3	40.79
Common Equity, 3 Yr. CAGR %	65.59	118.27	165.82	55.23	40.77
Cash From Operations, 3 Yr. CAGR %	-48.53	398.97	143.96	123.9	-40.95
Capital Expenditures, 3 Yr. CAGR %	62.26	332.86	81.35	53.06	26.94
Levered Free Cash Flow, 3 Yr. CAGR %	42.04	90.86	-16.26	87.3	48.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.08	88.85	-15.86	90.29	48.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-44.62	13.91	32.78	64.06	113.93
Gross Profit, 5 Yr. CAGR %	-43.89	119.87	65.54	186.98	164.8
EBITDA, 5 Yr. CAGR %	-20.59	41.92	44.55	95.75	66.14
EBITA, 5 Yr. CAGR %	-21.06	38.49	43.41	93.16	63.25
EBIT, 5 Yr. CAGR %	-21.06	38.49	43.41	93.16	63.25
Earnings From Cont. Operations, 5 Yr. CAGR %	-26.73	35.3	47.79	73.69	75.5
Net Income, 5 Yr. CAGR %	-26.73	35.3	47.79	73.69	75.5
Normalized Net Income, 5 Yr. CAGR %	-20.37	37.28	44.84	92.52	51.33
Diluted EPS Before Extra, 5 Yr. CAGR %	-36.63	-6.76	1.83	19.72	22.15
Accounts Receivable, 5 Yr. CAGR %	-34.37	2.82	58.12	109.44	197.56
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-45.61	-29.93	-4.21	-3.63	42.19
Total Assets, 5 Yr. CAGR %	2.86	15.83	35.81	49.71	80.58
Tangible Book Value, 5 Yr. CAGR %	15.57	31.36	63.81	93.97	97.73
Common Equity, 5 Yr. CAGR %	15.49	31.13	63.16	93.12	97.16
Cash From Operations, 5 Yr. CAGR %	-24.48	37.36	16.69	175.81	7.79
Capital Expenditures, 5 Yr. CAGR %	-44.44	43.23	30.32	130.93	127.84
Levered Free Cash Flow, 5 Yr. CAGR %	-27.89	22.09	66.93	41.62	21.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	-27.47	24.56	73.89	40.87	21.22