Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 146ItemConsolidated financial statements2023 2024 2025MillionBaht%MillionBaht%MillionBaht%Other comprehensive income:Items that will not be reclassified subsequently to profit or loss Changes in fair value of debt instruments measured at dair value through other comprehensive income, net of tax 1.98 0.12% 1.53 0.07% 1.24 0.07%Total comprehensive income for the year 133.02 8.26% 174.63 7.77% 123.79 6.52%Profit for the year attributable to:Owners of the Company 126.08 7.83% 167.94 7.47% 120.21 6.33%Non-controlling interests 4.96 0.31% 5.15 0.23% 2.34 0.12%131.04 8.14% 173.09 7.70% 122.55 6.46%Total comprehensive income for the year attributable to:Owners of the Company 128.01 7.95% 169.43 7.53% 121.42 6.40%Non-controlling interests 5.01 0.31% 5.19 0.23% 2.37 0.12%133.02 8.26% 174.62 7.77% 123.79 6.52%Earnings per share (Baht) 0.155 0.201 0.154
Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 147Statements of Cash FlowsItemConsolidated financial statements2023 2024 2025Million Baht Million Baht Million BahtCash flows from operating activitiesProfit before income tax 161.81 216.49 156.65 Adjustments for operating profit : - - Depreciation and amortisation charge 32.80 36.76 45.48 (Reversal of) Allowance for expected credit loss and bad debts (0.08) 0.74 0.82 Dividends income (0.18) (0.39) (0.27)Gain from lease termination and transfer to vehicles - (0.03) - Loss on disposals and write-off of equipment 0.07 0.03 0.27 Gain from disposal of financial assets - (2.36) (0.33)(Gain) Loss on fair value of financial assets measured at fair value through profit or loss 0.15 (2.24) 2.08 Gain on bargain purchase - (0.10) - Transaction costs paid relating to acquisition of subsidiaries - 0.12 - Share-based payment expense 1.19 - - Employee benefit expense 0.91 0.63 1.35 Unrealised (gain) loss from exchange rate 0.21 (0.42) (0.04)Amortised deferred financing fee 0.10 0.10 0.21 Interest expenses 8.03 8.75 12.21 Interest income calculated using the effective interest rate method (20.73) (36.15) (22.03)Changes in working capital: Trade and other receivables 59.49 (77.18) 46.82 Contract assets (2.78) (2.76) 0.95 Other current assets (1.33) 2.89 (5.12) Other non-current assets (0.63) (0.03) (6.76) Trade and other payables (36.40) 14.55 1.73 Other current liabilities (8.25) 6.75 (3.04) Employee benefit obligations - (0.75) - Other non-current liabilities 0.25 0.33 (0.37)
Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 148ItemConsolidated financial statements2023 2024 2025Million Baht Million Baht Million BahtCash flows generated from operations 194.63 165.73 230.61 Interest paid (8.01) (8.74) (12.11) Interest receipt 10.96 28.45 16.41 Income tax paid (42.22) (37.39) (33.95)Net cash generated from (use in) operating activities 155.36 148.05 200.96 Cash flows from investing activitiesCash payment for loans to other parties (2.10) (0.50) - Cash receipt from loans to other parties 1.14 1.66 - Interest receipt from loans to other parties 0.17 0.24 - Payment for acquisition of property, plant and equipment and intangible assets (28.60) (207.17) (128.63)Payment for acquisition of right-of-use assets - - (10.93)Cash receipt from disposal of equipment 0.05 0.09 1.18 Payments for acquisition of subsidiaries, net from the cash received - (5.33) - Transaction costs paid relating to acquisition of subsidiaries - (0.12) - Payment for acquisition of financial assets measured at amortised cost (160.00) (284.00) (103.00)Proceeds from disposal of financial assets measured at amortised cost 30.00 255.00 192.00 Payment for acquisition of financial assets measured at fair value through profit or loss (440.72) (253.20) (246.34)Proceeds from disposal of financial assets measured at fair value through profit or loss 344.40 398.20 158.68 Payment from disposal of financial assets measured at fair value through other comprehensive income (109.00) - - Proceeds from disposal of financial assets measured at fair value through other comprehensive income - - 4.00 Payment for investment in finance lease receivables (6.62) (4.51) - Proceeds from finance lease receivables 22.09 23.59 23.81 Interest receipt from finance lease receivables and other receivables 8.76 7.15 5.00 Dividends receipt 0.18 0.40 0.27 Net cash used in investing activities (340.25) (68.50) (103.96)
Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 149ItemConsolidated financial statements2023 2024 2025Million Baht Million Baht Million BahtCash flows from financing activitiesPayment for the purchase of treasury shares (2.27) (36.33) (98.95)Cash receipt from long-term borrowings from financial institutions - 143.80 68.22 Repayment for long-term borrowings from financial institutions (58.60) (51.99) (73.91)Payment for principal elements of lease payments (8.13) (0.33) (0.25)Proceeds From short-term borrowing from third parties - - 0.20Repayment to short-term borrowing from third parties - (42.12) (0.20)Proceeds from issue of ordinary shares 84.56 - - Cash receipt from establishing a new subsidiary - 16.80 - Cash receipt from share issued of indirect subsidiaries - 24.00 - Dividends paid to the Company’s shareholders (83.55) (42.00) (45.83)Dividends paid to non-controlling interests (3.12) (2.52) (2.52)Net cash received from (used in) financing activities (71.11) 9.31 (153.24)Net increase (decrease) in cash and cash equivalents (256.00) 88.86 (56.24)Cash and cash equivalents at the beginning of the year 532.39 276.39 365.25 Closing balance of cash and cash equivalents 276.39 365.25 309.00
Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 150Key Financial RatiosKey Financial RatiosConsolidated financial statements2023 2024 2025Liquidity RatioCurrent ratio (times) 5.22 2.86 3.72 Quick ratio (times) 5.18 2.84 3.67 Cash flow liquidity ratio (times) 0.73 0.57 0.69 Account receivable turnover (times) 5.34 7.19 6.09 Average collection period (days) 68.41 50.78 59.90 Account payable turnover (times) 10.16 10.32 7.81 Payment period (days) 35.92 35.36 46.72 Cash Cycle (days) 32.49 15.43 13.18 Profitability RatioGross profit margin % 23.57 19.83 21.85 Operating profit margin % 10.56 10.02 8.91 EBITDA margin % 12.60 11.66 11.30Other profit margin % 0.18 0.17 0.07Cash to profit margin % 91.43 65.70 118.87 Net profit margin % 8.14 7.70 6.46 Return on equity % 9.29 11.46 8.02 Efficiency RatioReturn on assets % 9.71 11.59 8.19 Return on fixed assets % 26.73 26.15 17.59 Assets turnover (times) 0.92 1.16 0.92 Financial Policy RatioDebt to equity ratio (times) 0.21 0.35 0.28 Interest coverage ratio (times) 24.95 29.62 17.28 Interest bearing debt to EBITDA ratio (times) 0.80 0.97 1.16 Debt service coverage ratio (Cash Basis) (times) 4.59 3.88 3.01 Dividend payout ratio % 42.26 35.46 45.06
Form 56-1 One ReportSONIC INTERFREIGHT PUBLIC COMPANY LIMITED 151Remarks : 1/ Operating Cash Flow / Current Liabilities (Average)2/ Return on Total Assets (ROA) = Earnings before interest and taxes / Average Total Assets3/ Interest bearing debt to EBITDA ratio = Interest-bearing debt / Earnings before Interest, Tax, Depreciation and Amortization. 4/ Dividend payout ratio : Calculated based on dividend paid from net profit in the same accounting period
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