0.77
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 45.69bn
FY2016FY2025
Net income
THB 2.34bn
FY2016FY2025
Free cash flow
THB 8.25bn
FY2016FY2025
Shareholders' equity
THB 13.56bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 45.69bn | THB 49.44bn | THB 41.24bn | THB 17.55bn | THB 3.83bn | THB 13.63bn | THB 40.18bn | THB 38.90bn | THB 35.93bn | THB 32.40bn |
| Gross profit | THB 5.60bn | THB 8.56bn | THB 4.43bn | −THB 5.98bn | −THB 7.39bn | −THB 6.85bn | THB 1.82bn | THB 2.48bn | THB 4.90bn | THB 5.71bn |
| Operating income | THB 2.09bn | THB 6.70bn | THB 2.82bn | −THB 8.48bn | −THB 11.97bn | −THB 7.55bn | −THB 100.0m | THB 660.1m | THB 2.98bn | THB 3.81bn |
| Net income | THB 2.34bn | THB 3.48bn | THB 465.8m | −THB 8.21bn | −THB 11.96bn | −THB 8.67bn | −THB 866.2m | THB 70.0m | THB 1.48bn | THB 1.87bn |
| Diluted earnings per share | 0.18 | 0.27 | 0.04 | -0.72 | -1.06 | -1.70 | -0.17 | 0.01 | 0.29 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 79.31bn | THB 75.37bn | THB 67.79bn | THB 64.69bn | THB 71.21bn | THB 67.98bn | THB 62.90bn | THB 61.75bn | THB 62.77bn | THB 56.60bn |
| Cash and short-term investments | THB 4.20bn | THB 2.23bn | THB 1.36bn | THB 982.4m | THB 5.68bn | THB 1.11bn | THB 3.98bn | THB 4.12bn | THB 6.83bn | THB 6.73bn |
| Total liabilities | THB 65.75bn | THB 63.99bn | THB 59.38bn | THB 56.73bn | THB 54.38bn | THB 50.62bn | THB 35.21bn | THB 33.12bn | THB 31.32bn | THB 26.48bn |
| Debt | THB 43.00bn | THB 45.00bn | THB 43.06bn | THB 43.76bn | THB 45.14bn | THB 38.66bn | THB 21.98bn | THB 20.80bn | THB 19.46bn | THB 15.46bn |
| Shareholders' equity | THB 13.56bn | THB 11.38bn | THB 8.41bn | THB 7.95bn | THB 20.20bn | THB 14.27bn | THB 19.94bn | THB 20.46bn | THB 22.01bn | THB 21.27bn |
| Shares outstanding | 12,850m | 12,850m | 12,185m | 11,365m | 11,250m | 5,085m | 5,085m | 5,085m | 5,085m | 5,085m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 8.96bn | THB 7.46bn | THB 6.24bn | THB 564.0m | −THB 4.35bn | −THB 897.9m | THB 965.7m | THB 2.87bn | THB 5.13bn | THB 4.38bn |
| Capital spending | −THB 704.6m | −THB 663.7m | −THB 331.9m | −THB 719.8m | −THB 99.6m | −THB 822.7m | −THB 385.2m | −THB 2.41bn | −THB 2.45bn | −THB 774.8m |
| Free cash flow | THB 8.25bn | THB 6.80bn | THB 5.91bn | −THB 155.8m | −THB 4.45bn | −THB 1.72bn | THB 580.5m | THB 458.5m | THB 2.68bn | THB 3.61bn |
| Dividends paid | — | — | — | — | — | — | — | −THB 2.97bn | −THB 727.5m | −THB 722.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 10.05bn | THB 13.53bn | THB 13.37bn | THB 9.28bn | THB 9.82bn | THB 13.22bn | THB 13.23bn | THB 10.93bn |
| Gross profit | −THB 838.2m | THB 3.00bn | THB 2.83bn | −THB 158.3m | THB 83.3m | THB 2.96bn | THB 3.12bn | THB 1.30bn |
| Operating income | −THB 1.50bn | THB 1.19bn | THB 1.94bn | −THB 485.8m | THB 691.4m | THB 2.37bn | THB 1.00bn | THB 4.89bn |
| Net income | −THB 2.33bn | THB 840.6m | THB 1.61bn | −THB 874.7m | THB 214.2m | THB 1.39bn | THB 356.6m | THB 3.45bn |
| Diluted earnings per share | -0.18 | 0.07 | 0.13 | -0.07 | 0.02 | 0.11 | 0.03 | 0.27 |
| Cash from operations | −THB 945.0m | THB 278.0m | THB 1.17bn | THB 4.67bn | THB 2.13bn | THB 1.55bn | THB 2.05bn | THB 1.33bn |
| Capital spending | −THB 225.0m | −THB 160.0m | −THB 124.0m | −THB 134.0m | −THB 220.0m | −THB 216.0m | −THB 339.0m | −THB 98.0m |
| Free cash flow | −THB 1.17bn | THB 118.0m | THB 1.05bn | THB 4.53bn | THB 1.91bn | THB 1.34bn | THB 1.71bn | THB 1.23bn |
| Total assets | THB 78.99bn | THB 76.00bn | THB 79.31bn | THB 79.15bn | THB 78.60bn | THB 77.58bn | THB 75.37bn | THB 73.00bn |
| Cash and short-term investments | — | THB 900.2m | THB 4.20bn | THB 5.12bn | THB 1.87bn | THB 1.53bn | THB 2.23bn | THB 1.72bn |
| Debt | THB 10.61bn | THB 16.45bn | THB 17.41bn | THB 17.71bn | THB 16.71bn | THB 16.86bn | THB 16.86bn | THB 14.84bn |
| Shareholders' equity | THB 12.09bn | THB 14.41bn | THB 13.56bn | THB 12.11bn | THB 12.98bn | THB 12.77bn | THB 11.38bn | THB 11.53bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.3% | 17.3% | 10.7% | -34.1% | -193.2% | -50.2% |
| Operating margin | 4.6% | 13.5% | 6.8% | -48.3% | -312.5% | -55.4% |
| Net margin | 5.1% | 7.0% | 1.1% | -46.8% | -312.3% | -63.6% |
| Return on equity | 17.2% | 30.6% | 5.5% | -103.3% | -59.2% | -60.8% |
| Return on assets | 2.9% | 4.6% | 0.7% | -12.7% | -16.8% | -12.7% |
| Free cash flow yield | 90.6% | 76.2% | 65.0% | 13.6% | -45.5% | -1.8% |
| Revenue growth | -7.6% | 19.9% | 135.0% | 358.5% | -71.9% | -66.1% |
| Earnings growth | -32.8% | 646.6% | -105.7% | -31.3% | 38.0% | 900.6% |
| Current ratio | 0.59x | 0.53x | 0.40x | 0.24x | 0.44x | 0.15x |
| Debt to equity | 1.28x | 1.48x | 1.72x | 1.71x | 0.67x | 0.98x |
| Equity ratio | 17.1% | 15.1% | 12.4% | 12.3% | 28.4% | 21.0% |
| Interest coverage | 0.74x | 2.58x | 1.23x | -3.82x | -6.30x | -4.20x |
| Buybacks as a share of market value | 0.0% | -5.5% | -7.2% | -1.0% | -121.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.6% | 27.4% | 4.5% |
| Operating income | — | — | -2.8% |
| Net income | — | — | 8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.9% | 8.2% | -1.0% | 5.0% |
| Operating margin | 9.2% | 2.0% | -9.6% | -1.8% |
| Net margin | 6.1% | -1.3% | -13.2% | -5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.2 | 10.2 | 52.0 | -4.2 | -2.4 | -1.3 | -12.5 | 290.3 | 20.1 | 15.7 |
| Price to sales | 0.3 | 0.7 | 0.6 | 2.0 | 7.5 | 0.8 | 0.3 | 0.5 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Sept 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|
| Paid in the year | 0.319 | 0.143 | 0.143 | 0.095 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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