1. Thailand Stocks

  2. •

    Energy minerals

  3. •

    Coal
Lanna Resources Public Co., Ltd.

Lanna Resources Public Co., Ltd.

14.80
THB
+0.10
(+0.68%)
2.53EPS
8.90P/E
7.61BMarket Cap
Lanna Resources Public Co., Ltd.
SET:LANNA
(Stock Exchange of Thailand)

Recent

price

14.80

P/E

ratio

8.90

div

yld

8.81%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
16.72
24.76
25.45
23.11
23.25
19.33
16.69
23.01
23.88
17.63
18.12
29.97
47.99
43.57
39.59
28.86
28.27
Revenue per Share
1.29
1.99
1.74
0.97
0.81
0.59
0.52
1.22
1.14
0.8
0.55
3
5.65
3.98
3.17
1.33
1.63
Basic EPS, GAAP
0.65
2.36
3.2
0.78
0.96
3.12
1.55
4.47
0.76
0.99
3.72
6.64
9.97
6.51
7.51
4.79
3.45
Free Cash Flow per Basic Share
1.28
1.93
1.7
0.97
1
1.08
1.07
1.7
1.77
1.07
0.64
2.77
5.55
4.48
4.29
2.43
1.3
Dividend per Share
5
6.37
7.25
7.74
7.97
8.11
7.84
8.1
8.31
8.31
8.38
10.82
14.15
15.44
16.22
15.46
16.33
Book Value per Share
4.64
6.01
6.89
7.38
7.61
7.75
7.48
7.74
7.63
7.66
7.68
10.26
13.66
15.01
15.49
14.66
15.57
Tangible Book Value per Share
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
525
Basic Weighted Avg Shares
8,777
12,997
13,360
12,132
12,208
10,150
8,762
12,080
12,535
9,254
9,512
15,734
25,194
22,874
20,783
15,152
14,844
Sales/Revenue/Turnover
19.1
20.96
15.35
9.57
7.24
7.18
6.13
15.65
12.45
10.95
5.94
26.8
30.46
22.82
20.11
11.05
13.22
Operating Margin (%)
197
259
242
1,121
709
700
587
682
731
706
813
853
1,055
1,335
1,234
1,363
997
Depreciation Expense
675
1,043
912
507
427
310
271
643
601
421
287
1,575
2,966
2,088
1,664
698
855
Net Income, GAAP
34.92
35.08
30.87
24.04
27.62
28.51
23.47
36.25
30.01
19.61
30.34
36.73
37.26
36.95
37.29
37.22
31.64
Effective Tax Rate (%)
7.69
8.03
6.82
4.18
3.5
3.05
3.1
5.32
4.79
4.54
3.02
10.01
11.77
9.13
8.01
4.6
5.76
Profit Margin (%)
822
726
1,640
1,877
2,218
2,303
1,971
1,943
1,644
1,590
1,585
2,956
4,601
5,662
6,087
5,004
5,495
Working Capital
745
- -
540
658
482
302
380
185
597
643
537
682
429
345
178
206
161
LT Debt
3,184
4,176
4,781
5,148
5,842
5,981
5,806
5,808
5,916
5,981
6,025
7,571
9,682
10,670
11,033
10,481
11,293
Total Equity
28.78
34.44
23.45
13.52
8.7
6.84
5.5
15.64
14.13
10.05
5.31
29.65
41.54
25.83
20.61
8.15
10.5
Return on Invested Capital (%)
5.14
6.97
8.48
5.15
3.97
2.7
2.25
2.69
2.64
1.29
2.58
5.46
10.08
7.07
5.47
3.15
3.56
Return on Capital (%)
26.81
34.96
25.49
12.89
10.35
7.34
6.48
15.35
13.94
9.64
6.55
31.26
45.24
26.88
20.02
8.39
10.2
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,328
1,204
1,170
LT Borrowings
166
148
125
LT Finance Leases
41
36
36
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
525
525
525
Market Capitalization
7,980
7,980
7,612

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,713
8,061
8,555
Cash, Cash Equivalents & STI
3,729
3,386
3,370
Accounts Receivable, Net
1,106
1,445
1,840
Inventories
396
640
575
Total Current Liabilities
2,709
2,839
3,060
Payables & Accruals
1,247
1,502
1,688
ST Debt
1,328
1,204
1,170
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.3%
12.43%
-5.01%
Free Cash Flow
43.4%
14.56%
-36.3%
Net Income, GAAP
48.56%
85.9%
-58.08%
Sales/Revenue/Turnover
8.47%
16.02%
-27.1%
Total Cash Common Dividend
34.83%
73.09%
-43.39%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,817
5,944
4,493
4,528
20,783
2025
3,887
4,079
3,440
3,745
15,152
2026
3,199
4,460
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.11
0.92
0.56
0.58
3.17
2025
0.46
0.34
0.19
0.34
1.33
2026
0.34
0.76
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.52
1.72
1.56
0.49
4.29
2025
0.15
1.56
0.64
0.08
2.43
2026
0.04
0.54
- -
- -
- -
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Business
Lanna Resources Public Company Limited operates primarily in the coal production and distribution industry, serving domestic and international markets. The company manufactures and distributes coal products through its Domestic Coal and Overseas Coal segments, producing and selling lignite coal mainly from mining projects in Indonesia. Beyond coal, Lanna Resources extends its product portfolio to include ethanol production, biomass fuel pellets mainly from wood pallets, and soil amendment substances. The company also generates and distributes electricity and engages in renewable energy ventures. To support its coal business, it operates ocean freight transport services through an associated company in Singapore, facilitating cost-efficient coal logistics to Thailand and other regions. The company serves various industries including power generation, cement, paper, and food processing sectors across Thailand, India, Singapore, Indonesia, Dubai, UAE, and China. Founded in 1985 and headquartered in Bangkok, Thailand, Lanna Resources is a subsidiary of Siam City Cement Public Company Limited. Recent strategic developments include the company's continued expansion of coal mining and production capacity, notably in Indonesia, where it maintains several coal mining concessions. Recent enhancements in coal processing facilities and port infrastructure have significantly increased coal stockpile and shipping capacity, enhancing operational efficiency and market reach. In 2024, Siam City Cement Public Company Limited, the parent company, alongside its major shareholder Sunrise, completed a significant tender offer acquisition of Lanna Resources shares, aiming for business integration and expansion in energy and utilities sectors. This move is expected to strengthen backward integration by securing raw material supplies for cement production and to support future growth initiatives in renewable and conventional energy markets. Overall, Lanna Resources maintains a diversified portfolio with a strong focus on coal and renewable energy product lines, supported by strategic partnerships and operational investments designed to enhance production capacity, distribution efficiency, and market presence regionally and internationally. The combination of coal, ethanol, biomass fuel, power generation, and logistics services positions the company as a significant player in the energy and raw materials supply chain in Southeast Asia and beyond.