Income Statement Interroyal Engineering Thailand S.E.

Stocks

IROYAL-W2-R

THC242057AR8

Business Support Services

End-of-day quote Thailand S.E. 15/09/2026			5-day change	1st Jan Change
0.5600 ^THB	-5.08%		-16.42%	-23.29%

09/09	Interroyal Engineering Gets Board Nod to Form Financial Services Subsidiary	MT
08/09	Interroyal Engineering Public Company Limited Announces Establishment of A New Subsidiary Company	CI

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Published financial data: INTERROYAL ENGINEERING

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	19Cr	11Cr	28Cr	18Cr	47Cr
Other Revenues, Total	70.79L	24.36L	13.51L	1.27Cr	1.37Cr
Total Revenues	20Cr	12Cr	28Cr	19Cr	49Cr
Cost of Goods Sold, Total	13Cr	6.36Cr	16Cr	8.78Cr	29Cr
Gross Profit	6.71Cr	5.34Cr	12Cr	10Cr	20Cr
Selling General & Admin Expenses, Total	2.27Cr	1.81Cr	2.48Cr	2.92Cr	3.17Cr
Other Operating Expenses, Total	2.27Cr	1.81Cr	2.48Cr	2.92Cr	3.17Cr
Operating Income	4.45Cr	3.53Cr	9.07Cr	7.23Cr	17Cr
Interest Expense, Total	-	-3L	-79.05T	-49.4T	-10.31L
Net Interest Expenses	-	-3L	-79.05T	-49.4T	-10.31L
Currency Exchange Gains (Loss)	-	-	-	19.89L	-12.11L
EBT, Excl. Unusual Items	4.45Cr	3.51Cr	9.06Cr	7.43Cr	17Cr
EBT, Incl. Unusual Items	4.45Cr	3.51Cr	9.06Cr	7.43Cr	17Cr
Income Tax Expense	91.02L	71.43L	1.84Cr	1.51Cr	3.2Cr
Earnings From Continuing Operations	3.54Cr	2.79Cr	7.22Cr	5.91Cr	14Cr
Net Income to Company	3.54Cr	2.79Cr	7.22Cr	5.91Cr	14Cr
Minority Interest	-2.17Cr	-65.11L	-	-	-
Net Income - (IS)	1.37Cr	2.14Cr	7.22Cr	5.91Cr	14Cr
Net Income to Common Incl Extra Items	1.37Cr	2.14Cr	7.22Cr	5.91Cr	14Cr
Net Income to Common Excl. Extra Items	1.37Cr	2.14Cr	7.22Cr	5.91Cr	14Cr
Per Share Items
Net EPS - Basic	1.45	1.61	0.42	0.33	0.59
Basic EPS - Continuing Operations	1.45	1.61	0.42	0.33	0.59
Basic Weighted Average Shares Outstanding	93.93L	1.33Cr	17Cr	18Cr	23Cr
Net EPS - Diluted	1.45	1.61	0.42	0.33	0.59
Diluted EPS - Continuing Operations	1.45	1.61	0.42	0.33	0.59
Diluted Weighted Average Shares Outstanding	93.93L	1.33Cr	17Cr	18Cr	23Cr
Normalized Basic EPS	0.65	1.16	0.33	0.26	0.45
Normalized Diluted EPS	0.65	1.16	0.33	0.26	0.45
Dividend Per Share	-	52.64	0.1	-	0.43
Payout Ratio	58.6	224.12	62.68	159.98	-
Supplemental Items
EBITDA	4.51Cr	3.6Cr	9.1Cr	7.25Cr	17Cr
EBITA	4.45Cr	3.53Cr	9.07Cr	7.23Cr	17Cr
EBIT	4.45Cr	3.53Cr	9.07Cr	7.23Cr	17Cr
Total Revenues (As Reported)	20Cr	12Cr	28Cr	19Cr	49Cr
Effective Tax Rate - (Ratio)	20.47	20.36	20.32	20.38	19.09
Normalized Net Income	60.79L	1.54Cr	5.67Cr	4.64Cr	10Cr
Non-Cash Pension Expense	69.8T	75.95T	85.84T	98.48T	1L
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.08Cr	22.5L	25.97L	25.84L	41.4L
General and Administrative Expenses	1.19Cr	1.58Cr	2.22Cr	2.66Cr	2.75Cr

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	1.56Cr	5.74Cr	9.16Cr	12Cr	9.27Cr
Short Term Investments	-	-	-	38Cr	31Cr
Total Cash And Short Term Investments	1.56Cr	5.74Cr	9.16Cr	50Cr	40Cr
Accounts Receivable, Total	4.76Cr	1.17Cr	5.41Cr	3.8Cr	2.75Cr
Other Receivables	47.83L	35.61L	12.82L	8L	88.33L
Notes Receivable	-	-	-	-	5Cr
Total Receivables	5.24Cr	1.53Cr	5.54Cr	3.88Cr	8.63Cr
Inventory	1.59Cr	8.18Cr	3.57Cr	20Cr	6.64Cr
Prepaid Expenses	16.15L	1L	4L	3L	7L
Other Current Assets, Total	49.04L	45.02L	35.79L	2L	6L
Total Current Assets	9.04Cr	16Cr	19Cr	74Cr	56Cr
Gross Property Plant And Equipment	75.41L	91.73L	90.51L	1.05Cr	1.38Cr
Accumulated Depreciation	-64.84L	-75.08L	-79.59L	-84.73L	-86.96L
Net Property Plant And Equipment	10.57L	16.65L	10.92L	20.17L	51.24L
Long-term Investments	-	-	-	-	12Cr
Other Intangibles, Total	10.8T	2L	1L	82.43T	82.02T
Deferred Tax Assets Long-Term	4L	4L	5L	6L	7L
Other Long-Term Assets, Total	1.1Cr	97.68L	97.86L	1.13Cr	1.3Cr
Total Assets	10Cr	17Cr	20Cr	75Cr	69Cr
Liabilities
Accounts Payable, Total	49.12L	1.89Cr	10.6L	1.34Cr	61.78L
Accrued Expenses, Total	79.88L	10L	26.6L	1.38Cr	48.76L
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	-	5L	5L	4L	3L
Current Income Taxes Payable	56.45L	35.32L	1.25Cr	11.75L	2.06Cr
Unearned Revenue Current, Total	71.82L	65.66L	1.59Cr	22Cr	2.3Cr
Other Current Liabilities	15.58L	24.91L	5L	5L	2L
Total Current Liabilities	2.73Cr	3.29Cr	3.31Cr	25Cr	5.51Cr
Long-Term Leases	-	10.13L	5L	14.38L	44.51L
Pension & Other Post Retirement Benefits	18.94L	21.41L	24.56L	27.93L	31.54L
Total Liabilities	2.92Cr	3.61Cr	3.61Cr	26Cr	6.27Cr
Common Stock, Total	30L	8.6Cr	8.6Cr	12Cr	12Cr
Additional Paid In Capital	-	-	-	34Cr	34Cr
Retained Earnings	2.31Cr	4.45Cr	7.15Cr	3.6Cr	17Cr
Comprehensive Income and Other	-	46.11L	46.11L	46.11L	46.11L
Total Common Equity	2.61Cr	14Cr	16Cr	50Cr	63Cr
Minority Interest	4.76Cr	-	-	-	-
Total Equity	7.37Cr	14Cr	16Cr	50Cr	63Cr
Total Liabilities And Equity	10Cr	17Cr	20Cr	75Cr	69Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	93.93L	17Cr	17Cr	23Cr	23Cr
ECS Total Common Shares Outstanding	93.93L	17Cr	17Cr	23Cr	23Cr
Book Value / Share	2.78	0.79	0.94	2.16	2.75
Tangible Book Value	2.61Cr	13Cr	16Cr	50Cr	63Cr
Tangible Book Value Per Share	2.78	0.78	0.94	2.16	2.75
Total Debt	0	14.74L	10.13L	18.47L	47.03L
Net Debt	-1.56Cr	-5.6Cr	-9.06Cr	-50Cr	-40Cr
Minority Interest, Total (Incl. Fin. Div)	4.76Cr	-	-	-	-
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Work In Process, Total	72.06L	4.33Cr	97.95L	54.07L	4.26Cr
Inventories - Finished Goods, Total	13.46L	1.22Cr	1.69Cr	17Cr	93.09L
Machinery, Total	75.41L	77.33L	76.11L	77.26L	77.91L
Full Time Employees	-	14	-	-	-

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	1.37Cr	2.14Cr	7.22Cr	5.91Cr	14Cr
Depreciation & Amortization - CF	6L	10.24L	6L	5L	6L
Depreciation & Amortization, Total	6L	10.24L	6L	5L	6L
Amortization of Deferred Charges, Total - (CF)	3.2T	28.28T	37.28T	38.02T	39.81T
(Gain) Loss From Sale Of Asset	-96.84T	-	-5.58T	-	-24.85T
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-24.39T	-78.69L
Asset Writedown & Restructuring Costs	-	-	-	20.25T	-
Other Operating Activities, Total	2.74Cr	59.81L	91.92L	-1.22Cr	1.55Cr
Change In Accounts Receivable	-3.01Cr	1.96Cr	-2.3Cr	7L	1.27Cr
Change In Inventories	1.43Cr	-4.69Cr	2.88Cr	-15Cr	12Cr
Change In Accounts Payable	-7.86Cr	72.45L	-1.66Cr	2.32Cr	-1.61Cr
Change in Unearned Revenues	-	-	93.48L	21Cr	-20Cr
Change in Other Net Operating Assets	-76.73L	-10.43L	9L	25.76L	-6L
Cash from Operations	-6.05Cr	73.21L	8.15Cr	14Cr	5.83Cr
Capital Expenditure	-2L	-2L	-1L	-1L	-5L
Sale of Property, Plant, and Equipment	97T	-	46.73T	-	35.05T
Cash Acquisitions	-	-	-14.71L	-	-
Sale (Purchase) of Intangible assets	-	-2L	-20.25T	-4.81T	-49.59T
Investment in Marketable and Equity Securities, Total	-	-	-	-38Cr	-3.5Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-5Cr
Other Investing Activities, Total	-1L	-14.48T	-17.71T	-89.39T	-7L
Cash from Investing	-3L	-4L	-15.71L	-38Cr	-8.61Cr
Short Term Debt Issued, Total	7.55Cr	7.32Cr	-	-	-
Total Debt Issued	7.55Cr	7.32Cr	-	-	-
Short Term Debt Repaid, Total	-8.65Cr	-7.32Cr	-	-	-
Long-Term Debt Repaid, Total	-	-57.3T	-5L	-5L	-4L
Total Debt Repaid	-8.65Cr	-7.33Cr	-5L	-5L	-4L
Issuance of Common Stock	-	8.3Cr	-	37Cr	-
Common Dividends Paid	-80L	-4.8Cr	-4.53Cr	-9.46Cr	-
Common & Preferred Stock Dividends Paid	-80L	-4.8Cr	-4.53Cr	-9.46Cr	-
Other Financing Activities, Total	-20L	-	-	-	-
Cash from Financing	-2.1Cr	3.49Cr	-4.57Cr	27Cr	-4L
Net Change in Cash	-8.18Cr	4.19Cr	3.42Cr	2.94Cr	-2.83Cr
Supplemental Items
Cash Interest Paid	-	-	79.05T	49.4T	1L
Cash Income Tax Paid (Refund)	35.7L	81.72L	1.08Cr	2.79Cr	1.26Cr
Levered Free Cash Flow	-6.93Cr	8L	6.41Cr	13Cr	-1.08Cr
Unlevered Free Cash Flow	-6.93Cr	10L	6.41Cr	13Cr	-1.02Cr
Change In Net Working Capital	9.75Cr	2.18Cr	-68.86L	-7.95Cr	12Cr
Net Debt Issued / Repaid	-1.1Cr	-57.3T	-5L	-5L	-4L

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	20.47	16.11	30.7	9.5	14.64
Return on Total Capital	41.78	21	37.84	13.68	18.69
Return On Equity %	57.96	26.75	48.6	17.97	24.01
Return on Common Equity	61.28	26.58	48.6	17.97	24.01
Margin Analysis
Gross Profit Margin %	34.12	45.67	41.21	53.62	41.23
SG&A Margin	11.52	15.46	8.86	15.42	6.49
EBITDA Margin %	22.91	30.76	32.46	38.28	34.78
EBITA Margin %	22.6	30.2	32.36	38.2	34.74
EBIT Margin %	22.6	30.2	32.36	38.2	34.74
Income From Continuing Operations Margin %	17.97	23.88	25.76	31.23	27.74
Net Income Margin %	6.94	18.32	25.76	31.23	27.74
Net Avail. For Common Margin %	6.94	18.32	25.76	31.23	27.74
Normalized Net Income Margin	3.09	13.18	20.21	24.52	21.43
Levered Free Cash Flow Margin	-35.23	0.71	22.86	66.08	-2.22
Unlevered Free Cash Flow Margin	-35.23	0.85	22.87	66.1	-2.09
Asset Turnover
Asset Turnover	1.45	0.85	1.52	0.4	0.67
Fixed Assets Turnover	157.46	85.97	203.43	121.78	136.7
Receivables Turnover (Average Receivables)	5.08	3.86	8.48	3.83	14.49
Inventory Turnover (Average Inventory)	6.63	1.3	2.81	0.76	2.18
Short Term Liquidity
Current Ratio	3.31	4.84	5.64	2.92	10.09
Quick Ratio	2.49	2.21	4.44	2.14	7.95
Operating Cash Flow to Current Liabilities	-2.22	0.22	2.46	0.54	1.06
Days Sales Outstanding (Average Receivables)	71.89	94.5	43.05	95.44	25.2
Days Outstanding Inventory (Average Inventory)	55.04	280.65	130.11	484.27	167.41
Average Days Payable Outstanding	130.15	33.55	30.69	10.63	22.82
Cash Conversion Cycle (Average Days)	-3.22	341.59	142.48	569.07	169.79
Long Term Solvency
Total Debt/Equity	-	1.09	0.62	0.37	0.74
Total Debt / Total Capital	-	1.08	0.62	0.37	0.74
LT Debt/Equity	-	0.75	0.32	0.29	0.7
Long-Term Debt / Total Capital	-	0.74	0.32	0.29	0.7
Total Liabilities / Total Assets	28.36	21.06	18.2	34.19	9.03
EBIT / Interest Expense	-	139.66	1.15T	1.46T	164.44
EBITDA / Interest Expense	-	143.71	1.16T	1.47T	165.03
(EBITDA - Capex) / Interest Expense	-	142.95	1.15T	1.47T	164.59
Total Debt / EBITDA	-	0.04	0.01	0.03	0.03
Net Debt / EBITDA	-0.35	-1.54	-0.99	-6.89	-2.33
Total Debt / (EBITDA - Capex)	-	0.04	0.01	0.03	0.03
Net Debt / (EBITDA - Capex)	-0.35	-1.55	-0.99	-6.9	-2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	60.72	-40.55	139.68	-32.43	157.81
Gross Profit, 1 Yr. Growth %	132.52	-20.43	116.32	-12.01	98.25
EBITDA, 1 Yr. Growth %	-	-20.18	152.89	-20.2	134.23
EBITA, 1 Yr. Growth %	-5.81T	-20.54	156.76	-20.13	134.48
EBIT, 1 Yr. Growth %	-5.81T	-20.54	156.76	-20.13	134.48
Earnings From Cont. Operations, 1 Yr. Growth %	-3.59T	-21	158.52	-18.12	128.96
Net Income, 1 Yr. Growth %	-331.76	56.95	237.07	-18.12	128.96
Normalized Net Income, 1 Yr. Growth %	-213.32	153.57	267.53	-18.07	125.33
Diluted EPS Before Extra, 1 Yr. Growth %	-346.72	11.04	-73.98	-22.56	81.03
Accounts Receivable, 1 Yr. Growth %	75.45	-75.39	361.95	-29.76	-27.65
Inventory, 1 Yr. Growth %	-31.4	414.44	-56.41	451.38	-66.23
Net Property, Plant and Equip., 1 Yr. Growth %	-26.73	57.49	-34.4	84.76	153.99
Total Assets, 1 Yr. Growth %	-38.99	66.41	15.75	280.38	-7.91
Tangible Book Value, 1 Yr. Growth %	41.41	417.37	19.98	206.26	27.3
Common Equity, 1 Yr. Growth %	41.47	417.74	19.94	206.06	27.29
Cash From Operations, 1 Yr. Growth %	-	-112.11	1.01T	68.33	-57.36
Capital Expenditures, 1 Yr. Growth %	-	-20.42	-43.1	5.3	293.99
Levered Free Cash Flow, 1 Yr. Growth %	-	-101.2	7.58T	95.56	-108.66
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-101.43	6.36T	95.46	-108.14
Dividend Per Share, 1 Yr. Growth %	-	-	-99.81	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-2.25	19.37	27.22	31.99
Gross Profit, 2 Yr. CAGR %	-	36.02	31.19	37.85	32.08
EBITDA, 2 Yr. CAGR %	-	-	42.08	41.92	36.71
EBITA, 2 Yr. CAGR %	-	573.51	42.84	43.07	36.85
EBIT, 2 Yr. CAGR %	-	573.51	42.84	43.07	36.85
Earnings From Cont. Operations, 2 Yr. CAGR %	-	425.19	42.9	45.49	36.92
Net Income, 2 Yr. CAGR %	-	90.72	130.01	66.13	36.92
Normalized Net Income, 2 Yr. CAGR %	-	69.51	205.28	73.53	35.88
Diluted EPS Before Extra, 2 Yr. CAGR %	-	65.52	-46.25	-55.11	18.4
Accounts Receivable, 2 Yr. CAGR %	-	-34.29	6.62	80.13	-28.72
Inventory, 2 Yr. CAGR %	-	87.86	49.76	55.04	36.45
Net Property, Plant and Equip., 2 Yr. CAGR %	-	7.42	1.64	10.09	116.63
Total Assets, 2 Yr. CAGR %	-	0.77	38.79	109.83	87.16
Tangible Book Value, 2 Yr. CAGR %	-	170.49	149.14	91.69	97.45
Common Equity, 2 Yr. CAGR %	-	170.64	149.2	91.6	97.38
Cash From Operations, 2 Yr. CAGR %	-	-	16.09	332.91	-15.43
Capital Expenditures, 2 Yr. CAGR %	-	-	-32.71	-22.59	103.69
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-3.86	1.12T	-58.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-3.82	1.02T	-60.12
Dividend Per Share, 2 Yr. CAGR %	-	1.05T	-	-	107.36
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	31.81	-1.28	60.99
Gross Profit, 3 Yr. CAGR %	-	-	58.77	14.78	55.6
EBITDA, 3 Yr. CAGR %	-	-	-	17.15	67.72
EBITA, 3 Yr. CAGR %	-	-	388.36	17.6	68.68
EBIT, 3 Yr. CAGR %	-	-	388.36	17.6	68.68
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	314.67	18.69	69.23
Net Income, 3 Yr. CAGR %	-	-	130.59	63.01	84.88
Normalized Net Income, 3 Yr. CAGR %	-	-	119.4	96.92	89.32
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-10.67	-39.29	-28.55
Accounts Receivable, 3 Yr. CAGR %	-	-	25.87	-7.23	32.9
Inventory, 3 Yr. CAGR %	-	-	15.44	131.25	-6.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-8.86	24.05	45.47
Total Assets, 3 Yr. CAGR %	-	-	5.53	94.23	59.46
Tangible Book Value, 3 Yr. CAGR %	-	-	106.28	166.89	67.24
Common Equity, 3 Yr. CAGR %	-	-	106.34	166.87	67.18
Cash From Operations, 3 Yr. CAGR %	-	-	-	31.4	99.68
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-21.88	33.15
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	21.75	135.04
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	21.76	117.33
Dividend Per Share, 3 Yr. CAGR %	-	-	-37	-	-79.86
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	31.86
Gross Profit, 5 Yr. CAGR %	-	-	-	-	47.45
EBITA, 5 Yr. CAGR %	-	-	-	-	193.48
EBIT, 5 Yr. CAGR %	-	-	-	-	193.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	166.2
Net Income, 5 Yr. CAGR %	-	-	-	-	87.19
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	81.13
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-0.01
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	0.27
Inventory, 5 Yr. CAGR %	-	-	-	-	23.43
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	28.85
Total Assets, 5 Yr. CAGR %	-	-	-	-	32.71
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	102.7
Common Equity, 5 Yr. CAGR %	-	-	-	-	102.71
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	1.46