Financial statements as June 30, 2026

Statement of Financial Position (Assets) as of June 30, 2026
  1. Total assets increased by approximately 26.8 million during the first half of 2026.
    Current assets dominated the asset structure, accounting for approximately 92% of total assets.
    Third-party accounts receivable surged 83.4%, from 58.5 million to 107.2 million, becoming the company’s largest asset.
    Inventory decreased by approximately 14.3%, which could indicate improved inventory turnover or a decrease in inventory.
    Cash and bank balances remained relatively stable at around 15.6 million.
  2. Statement of Financial Position (Liabilities and Equity) as of June 30, 2026
  3. Total assets grew 15.2%, from 175.6 million to 202.4 million.
  4. The increase in assets was driven more by an increase in liabilities than equity.
  5. Third-party accounts payable increased sharply by more than 150%, indicating increased purchasing activity or working capital needs.
  6. Short-term bank loans also increased by around 10.2%, indicating the company’s continued reliance on short-term funding.
  7. Equity continued to grow thanks to retained earnings, which increased to 40.7 million.
  8. Liability ratio The Debt-to-Equity Ratio increased from around 1.35 times to 1.63 times, indicating that the company’s leverage level is increasing.
Summary of Income Statement as of June 30, 2026 compared to June 30, 2025:
  1. Sales grew strongly by almost 22%.
  2. Gross profit and operating profit increased, indicating improved operational efficiency.
  3. Higher finance charges weighed on pre-tax profit growth.
  4. Net profit remained high at 3.34 million, reflecting the company’s ability to maintain profitability amid rising financing costs.
  5. Basic earnings per share (EPS) were recorded at 0.005, compared to 0.01 in the previous period.
 
Equity Period December 31, 2024 – June 30, 2026:
  1. Total profit generated during the period from 2025 to the first semester of 2026 reached 7,407,274.
  2. Total dividends distributed reached 3,746,868.
  3. Despite distributing dividends, total equity still increased by 3,660,406 from 73,350,263 to 77,010,669.
Cash Flow Statement for the Period Ended June 30, 2026:
In the first half of 2026, the company recorded a net cash increase of 2,909,376. Cash and bank balances increased from 15,870,172 at the beginning of the year to 15,627,585 at the end of the period, despite the negative impact of exchange rate fluctuations.
 
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*Figures in USD