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Asia Aviation PCL AAV.BK · THB

Industrials · SET · 🇹🇭 Thailand

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0.77

0.00%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

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

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 45.69bnTHB 49.44bnTHB 41.24bnTHB 17.55bnTHB 3.83bnTHB 13.63bnTHB 40.18bnTHB 38.90bnTHB 35.93bnTHB 32.40bn
Gross profitTHB 5.60bnTHB 8.56bnTHB 4.43bn−THB 5.98bn−THB 7.39bn−THB 6.85bnTHB 1.82bnTHB 2.48bnTHB 4.90bnTHB 5.71bn
Operating incomeTHB 2.09bnTHB 6.70bnTHB 2.82bn−THB 8.48bn−THB 11.97bn−THB 7.55bn−THB 100.0mTHB 660.1mTHB 2.98bnTHB 3.81bn
Net incomeTHB 2.34bnTHB 3.48bnTHB 465.8m−THB 8.21bn−THB 11.96bn−THB 8.67bn−THB 866.2mTHB 70.0mTHB 1.48bnTHB 1.87bn
Diluted earnings per share0.180.270.04-0.72-1.06-1.70-0.170.010.290.37

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 79.31bnTHB 75.37bnTHB 67.79bnTHB 64.69bnTHB 71.21bnTHB 67.98bnTHB 62.90bnTHB 61.75bnTHB 62.77bnTHB 56.60bn
Cash and short-term investmentsTHB 4.20bnTHB 2.23bnTHB 1.36bnTHB 982.4mTHB 5.68bnTHB 1.11bnTHB 3.98bnTHB 4.12bnTHB 6.83bnTHB 6.73bn
Total liabilitiesTHB 65.75bnTHB 63.99bnTHB 59.38bnTHB 56.73bnTHB 54.38bnTHB 50.62bnTHB 35.21bnTHB 33.12bnTHB 31.32bnTHB 26.48bn
DebtTHB 43.00bnTHB 45.00bnTHB 43.06bnTHB 43.76bnTHB 45.14bnTHB 38.66bnTHB 21.98bnTHB 20.80bnTHB 19.46bnTHB 15.46bn
Shareholders' equityTHB 13.56bnTHB 11.38bnTHB 8.41bnTHB 7.95bnTHB 20.20bnTHB 14.27bnTHB 19.94bnTHB 20.46bnTHB 22.01bnTHB 21.27bn
Shares outstanding12,850m12,850m12,185m11,365m11,250m5,085m5,085m5,085m5,085m5,085m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 8.96bnTHB 7.46bnTHB 6.24bnTHB 564.0m−THB 4.35bn−THB 897.9mTHB 965.7mTHB 2.87bnTHB 5.13bnTHB 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 flowTHB 8.25bnTHB 6.80bnTHB 5.91bn−THB 155.8m−THB 4.45bn−THB 1.72bnTHB 580.5mTHB 458.5mTHB 2.68bnTHB 3.61bn
Dividends paid———————−THB 2.97bn−THB 727.5m−THB 722.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 10.05bnTHB 13.53bnTHB 13.37bnTHB 9.28bnTHB 9.82bnTHB 13.22bnTHB 13.23bnTHB 10.93bn
Gross profit−THB 838.2mTHB 3.00bnTHB 2.83bn−THB 158.3mTHB 83.3mTHB 2.96bnTHB 3.12bnTHB 1.30bn
Operating income−THB 1.50bnTHB 1.19bnTHB 1.94bn−THB 485.8mTHB 691.4mTHB 2.37bnTHB 1.00bnTHB 4.89bn
Net income−THB 2.33bnTHB 840.6mTHB 1.61bn−THB 874.7mTHB 214.2mTHB 1.39bnTHB 356.6mTHB 3.45bn
Diluted earnings per share-0.180.070.13-0.070.020.110.030.27
Cash from operations−THB 945.0mTHB 278.0mTHB 1.17bnTHB 4.67bnTHB 2.13bnTHB 1.55bnTHB 2.05bnTHB 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 1.17bnTHB 118.0mTHB 1.05bnTHB 4.53bnTHB 1.91bnTHB 1.34bnTHB 1.71bnTHB 1.23bn
Total assetsTHB 78.99bnTHB 76.00bnTHB 79.31bnTHB 79.15bnTHB 78.60bnTHB 77.58bnTHB 75.37bnTHB 73.00bn
Cash and short-term investments—THB 900.2mTHB 4.20bnTHB 5.12bnTHB 1.87bnTHB 1.53bnTHB 2.23bnTHB 1.72bn
DebtTHB 10.61bnTHB 16.45bnTHB 17.41bnTHB 17.71bnTHB 16.71bnTHB 16.86bnTHB 16.86bnTHB 14.84bn
Shareholders' equityTHB 12.09bnTHB 14.41bnTHB 13.56bnTHB 12.11bnTHB 12.98bnTHB 12.77bnTHB 11.38bnTHB 11.53bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.3%17.3%10.7%-34.1%-193.2%-50.2%
Operating margin4.6%13.5%6.8%-48.3%-312.5%-55.4%
Net margin5.1%7.0%1.1%-46.8%-312.3%-63.6%
Return on equity17.2%30.6%5.5%-103.3%-59.2%-60.8%
Return on assets2.9%4.6%0.7%-12.7%-16.8%-12.7%
Free cash flow yield90.6%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 ratio0.59x0.53x0.40x0.24x0.44x0.15x
Debt to equity1.28x1.48x1.72x1.71x0.67x0.98x
Equity ratio17.1%15.1%12.4%12.3%28.4%21.0%
Interest coverage0.74x2.58x1.23x-3.82x-6.30x-4.20x
Buybacks as a share of market value0.0%-5.5%-7.2%-1.0%-121.2%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue37.6%27.4%4.5%
Operating income——-2.8%
Net income——8.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin14.9%8.2%-1.0%5.0%
Operating margin9.2%2.0%-9.6%-1.8%
Net margin6.1%-1.3%-13.2%-5.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings6.210.252.0-4.2-2.4-1.3-12.5290.320.115.7
Price to sales0.30.70.62.07.50.80.30.50.80.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 25 Sept 2018.

FY2018FY2017FY2016FY2015
Paid in the year0.3190.1430.1430.095

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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