1.75
0.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.31bn
FY2016FY2025
Net income
THB 102.9m
FY2016FY2025
Free cash flow
THB 221.9m
FY2016FY2025
Shareholders' equity
THB 1.68bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.31bn | THB 1.80bn | THB 1.49bn | THB 649.4m | THB 733.4m | THB 810.4m | THB 507.9m | THB 198.3m | THB 35.8m | THB 3.6m |
| Gross profit | THB 405.5m | THB 773.7m | THB 646.0m | THB 203.5m | THB 186.0m | THB 201.0m | THB 142.3m | THB 54.9m | THB 5.1m | −THB 6,000 |
| Operating income | THB 164.4m | THB 583.5m | THB 504.3m | THB 106.4m | THB 193.5m | THB 97.2m | THB 65.0m | −THB 10.5m | −THB 27.2m | −THB 26.6m |
| Net income | THB 102.9m | THB 453.3m | THB 506.4m | THB 97.8m | THB 130.7m | THB 57.2m | THB 43.7m | −THB 281.2m | −THB 2.6m | THB 1.15bn |
| Diluted earnings per share | 0.09 | 0.38 | 0.42 | 0.08 | 0.11 | 0.05 | 0.04 | -0.24 | -0.01 | 3.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.70bn | THB 4.20bn | THB 3.43bn | THB 2.49bn | THB 1.11bn | THB 1.87bn | THB 1.75bn | THB 1.64bn | THB 242.7m | THB 454.5m |
| Cash and short-term investments | THB 432.8m | THB 517.7m | THB 665.4m | THB 289.3m | THB 115.0m | THB 193.0m | THB 19.7m | THB 86.5m | THB 1.1m | THB 91.2m |
| Total liabilities | THB 2.02bn | THB 2.51bn | THB 2.02bn | THB 1.60bn | THB 281.4m | THB 1.18bn | THB 1.21bn | THB 1.15bn | THB 215.0m | THB 306.6m |
| Debt | THB 1.78bn | THB 2.18bn | THB 1.41bn | THB 1.29bn | THB 154.4m | THB 808.2m | THB 938.9m | THB 1.04bn | THB 172.6m | THB 246.7m |
| Shareholders' equity | THB 1.68bn | THB 1.70bn | THB 1.40bn | THB 895.4m | THB 809.6m | THB 678.1m | THB 533.6m | THB 480.8m | THB 27.7m | THB 147.9m |
| Shares outstanding | 1,178m | 1,178m | 1,209m | 1,209m | 1,209m | 1,209m | 1,150m | 1,150m | 379m | 379m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 223.4m | −THB 915.4m | THB 257.1m | −THB 941.1m | THB 653.5m | THB 366.6m | THB 37.6m | −THB 170.8m | −THB 13.8m | THB 245.5m |
| Capital spending | −THB 1.6m | −THB 6.9m | −THB 4.2m | −THB 2.6m | −THB 928,993 | −THB 2.3m | −THB 2.6m | −THB 4.4m | −THB 2.2m | −THB 3.0m |
| Free cash flow | THB 221.9m | −THB 922.3m | THB 252.9m | −THB 943.7m | THB 652.6m | THB 364.3m | THB 34.9m | −THB 175.2m | −THB 16.0m | THB 242.6m |
| Dividends paid | −THB 117.8m | −THB 60.5m | — | −THB 12.1m | −THB 12.1m | −THB 12.1m | −THB 12.1m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 328.0m | THB 211.7m | THB 265.3m | THB 348.9m | THB 414.6m | THB 278.8m | THB 324.1m | THB 558.1m |
| Gross profit | THB 104.6m | THB 25.3m | THB 49.1m | THB 96.1m | THB 166.2m | THB 94.1m | THB 99.2m | THB 270.1m |
| Operating income | THB 49.6m | −THB 13.2m | −THB 3.6m | THB 32.8m | THB 96.4m | THB 45.0m | −THB 33.9m | THB 225.5m |
| Net income | THB 35.1m | −THB 11.9m | −THB 4.2m | THB 6.0m | THB 70.9m | THB 30.3m | −THB 35.6m | THB 178.8m |
| Diluted earnings per share | 0.03 | -0.01 | -0.00 | 0.01 | 0.06 | 0.03 | -0.03 | 0.15 |
| Cash from operations | THB 204.0m | THB 31.0m | THB 34.0m | THB 304.0m | THB 202.0m | −THB 318.0m | −THB 263.0m | −THB 316.0m |
| Total assets | THB 3.45bn | THB 3.65bn | THB 3.70bn | THB 3.99bn | THB 4.07bn | THB 4.21bn | THB 4.20bn | THB 3.60bn |
| Cash and short-term investments | — | THB 273.9m | THB 432.8m | THB 656.4m | THB 366.2m | THB 378.2m | THB 517.7m | THB 104.7m |
| Debt | THB 903.7m | THB 1.67bn | THB 1.77bn | THB 2.03bn | THB 2.09bn | THB 2.18bn | THB 2.17bn | THB 1.51bn |
| Shareholders' equity | THB 1.65bn | THB 1.67bn | THB 1.68bn | THB 1.69bn | THB 1.68bn | THB 1.73bn | THB 1.70bn | THB 1.73bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.0% | 43.0% | 43.4% | 31.3% | 25.4% | 24.8% |
| Operating margin | 12.6% | 32.4% | 42.1% | 16.4% | 25.6% | 11.7% |
| Net margin | 7.9% | 25.2% | 34.0% | 15.1% | 17.8% | 7.1% |
| Return on equity | 6.1% | 26.7% | 36.1% | 10.9% | 16.1% | 8.4% |
| Return on assets | 2.8% | 10.8% | 14.8% | 3.9% | 11.8% | 3.1% |
| Free cash flow yield | 11.0% | -44.3% | 12.4% | -44.6% | 31.1% | 17.5% |
| Revenue growth | -27.3% | 20.8% | 129.2% | -11.4% | -9.5% | 59.5% |
| Earnings growth | -77.3% | -10.5% | 417.9% | -25.2% | 128.3% | 30.9% |
| Current ratio | 5.14x | 4.59x | 2.76x | 3.59x | 5.32x | 1.50x |
| Debt to equity | 1.05x | 1.28x | 1.00x | 1.45x | 0.19x | 1.19x |
| Equity ratio | 45.4% | 40.4% | 40.9% | 35.9% | 73.0% | 36.3% |
| Interest coverage | 7.84x | 24.36x | 30.45x | 7.70x | 13.27x | 4.42x |
| Buybacks as a share of market value | 0.0% | 2.6% | 0.0% | 0.0% | 0.0% | -5.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.3% | 10.0% | 26.1% |
| Operating income | 15.6% | 11.1% | — |
| Net income | 1.7% | 12.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 38.0% | 38.7% | 35.6% | 34.3% |
| Operating margin | 24.1% | 25.9% | 24.3% | 21.3% |
| Net margin | 17.9% | 22.1% | 19.9% | 15.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.2 | 7.3 | 7.9 | 48.7 | 39.5 | -74.2 | -28.9 | -6.4 | -26.7 | -4.5 |
| Price to sales | 1.7 | 1.9 | 2.7 | 7.3 | 3.4 | 81.3 | 4.6 | 1.6 | 0.6 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 7 Mar 2025.
| FY2025 | FY2024 | FY2022 | FY2005 | FY2004 | |
|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.05 | 0.01 | 0.004 | 0.385 |
- 1.04-for-1 split · 5 Apr 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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