Triple i Logistics PCL (BKK:III)

Triple i Logistics PCL Financials Overview

Financials in millions THB. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	2,552	2,478	2,398	1,764	2,789	2,939
Revenue Growth	5.01%	3.33%	35.91%	-36.73%	-5.12%	82.86%
Gross Profit Gross Profit Growth	471.6	460.96	420.19	381.28	611.52	527.17
Operating Income Operating Income Growth	64.81	63.37	68.68	75.35	173.47	164.23
Net Income Net Income Growth	380.01	393.59	436.29	866.22	795.66	366.95
Earnings Per Share EPS Growth	0.49	0.51	0.56	1.05	1.12	0.55
EPS Growth	-10.11%	-8.61%	-47.16%	-5.92%	104.67%	100.51%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Logistics Management Logistics Management Growth	465.75	489.57	390.23	255.37	629.69	485.39
Air Freight Air Freight Growth	1,523	1,439	1,469	952.87	1,429	1,640
Elimination Elimination Growth	-58.93	-57.59	-63.46	-81.78	-136.64	-73.6
Logistic for Chemical and Hazardous Goods Logistic for Chemical and Hazardous Goods Growth	622.03	607.41	602.43	552.71	737.91	766.03
Total Total Growth	2,552	2,478	2,398	1,764	2,789	2,939

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	105.92	104.56	165.14	310.24	539.96	208.11
Total Debt Total Debt Growth	544.94	544.96	495.76	534.93	653.6	621.49
Net Cash (Debt) Net Cash Growth	-439.02	-440.4	-330.63	-224.69	-113.65	-413.39
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.57	-0.57	-0.42	-0.27	-0.16	-0.62

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	210.6	159.25	168.29	96.02	359.13	111.18
Capital Expenditures CapEx Growth	-16.04	-15.97	-42.19	-13.25	-26.63	-18.27
Free Cash Flow Free Cash Flow Growth	194.56	143.29	126.1	82.76	332.5	92.91
Free Cash Flow Growth	204.56%	13.63%	52.36%	-75.11%	257.86%	101.59%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	18.48%	18.60%	17.52%	21.61%	21.93%	17.94%
Operating Margin	2.54%	2.56%	2.86%	4.27%	6.22%	5.59%
Pretax Margin	15.20%	16.19%	18.74%	49.46%	30.78%	14.59%
Profit Margin	14.89%	15.88%	18.19%	49.09%	28.53%	12.48%
FCF Margin	7.63%	5.78%	5.26%	4.69%	11.92%	3.16%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.250	0.250	0.320	0.380	0.550	0.400
Dividend Per Share Growth	-21.88%	-21.88%	-15.79%	-30.91%	37.50%	300.00%
Dividend Yield	5.61%	6.40%	6.32%	4.41%	5.04%	3.38%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.05	7.93	10.05	9.02	11.49	25.20
Forward PE	8.22	6.97	8.84	10.83	17.58	24.58
P/FCF Ratio	17.61	21.77	34.76	94.40	27.49	99.54
PS Ratio	1.34	1.26	1.83	4.43	3.28	3.15

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error