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Absolute Clean Energy PCL ACE.BK · THB

Utilities · SET · 🇹🇭 Thailand

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1.28

-0.78%

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 6.55bn

FY2016FY2025

Net income

THB 798.6m

FY2016FY2025

Free cash flow

THB 1.13bn

FY2016FY2025

Shareholders' equity

THB 16.41bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 6.55bnTHB 6.45bnTHB 6.58bnTHB 6.92bnTHB 5.73bnTHB 5.86bnTHB 4.95bnTHB 4.83bnTHB 4.26bnTHB 2.15bn
Gross profitTHB 1.90bnTHB 1.62bnTHB 1.78bnTHB 1.87bnTHB 1.92bnTHB 1.79bnTHB 1.63bnTHB 1.42bnTHB 1.13bnTHB 724.7m
Operating incomeTHB 1.35bnTHB 1.18bnTHB 1.34bnTHB 1.44bnTHB 1.71bnTHB 1.57bnTHB 1.22bnTHB 1.04bnTHB 943.3mTHB 487.7m
Net incomeTHB 798.6mTHB 838.7mTHB 1.07bnTHB 1.28bnTHB 1.51bnTHB 1.51bnTHB 815.3mTHB 546.6mTHB 424.9mTHB 134.0m
Diluted earnings per share0.080.080.110.130.150.150.080.060.050.01

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 25.65bnTHB 25.11bnTHB 21.74bnTHB 20.07bnTHB 18.74bnTHB 16.43bnTHB 14.15bnTHB 13.89bnTHB 14.07bnTHB 13.36bn
Cash and short-term investmentsTHB 1.03bnTHB 522.6mTHB 1.18bnTHB 429.1mTHB 890.7mTHB 482.9mTHB 71.9mTHB 104.5mTHB 5.3mTHB 37.9m
Total liabilitiesTHB 9.12bnTHB 8.95bnTHB 6.43bnTHB 5.89bnTHB 5.37bnTHB 4.44bnTHB 3.35bnTHB 8.32bnTHB 8.96bnTHB 8.75bn
DebtTHB 8.26bnTHB 8.05bnTHB 5.69bnTHB 5.07bnTHB 4.78bnTHB 3.95bnTHB 3.00bnTHB 7.80bnTHB 8.53bnTHB 8.46bn
Shareholders' equityTHB 16.41bnTHB 16.04bnTHB 15.20bnTHB 14.13bnTHB 13.32bnTHB 11.99bnTHB 10.79bnTHB 5.57bnTHB 5.11bnTHB 4.61bn
Shares outstanding9,766m10,076m10,076m10,135m10,176m10,176m10,176m9,158m9,158m9,158m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 2.10bnTHB 1.96bnTHB 2.18bnTHB 1.52bnTHB 1.87bnTHB 1.89bnTHB 1.62bnTHB 1.70bnTHB 1.02bnTHB 798.2m
Capital spending−THB 963.6m−THB 4.62bn−THB 1.76bn−THB 1.81bn−THB 1.79bn−THB 1.52bn−THB 634.3m−THB 334.2m−THB 1.05bn−THB 3.36bn
Free cash flowTHB 1.13bn−THB 2.65bnTHB 419.3m−THB 291.5mTHB 78.7mTHB 370.2mTHB 984.3mTHB 1.36bn−THB 35.9m−THB 2.56bn
Dividends paid−THB 1,824—−THB 6,188−THB 203.4m−THB 183.2m−THB 305.0m−THB 305.0m−THB 305.0m−THB 475.0m—

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 1.77bnTHB 1.59bnTHB 1.62bnTHB 1.66bnTHB 1.64bnTHB 1.63bnTHB 1.68bnTHB 1.73bn
Gross profitTHB 540.1mTHB 506.2mTHB 517.2mTHB 475.7mTHB 454.7mTHB 459.5mTHB 414.2mTHB 462.0m
Operating incomeTHB 341.8mTHB 417.4mTHB 349.5mTHB 344.7mTHB 318.6mTHB 340.1mTHB 286.3mTHB 166.7m
Net incomeTHB 278.7mTHB 314.4mTHB 212.9mTHB 210.8mTHB 148.8mTHB 226.1mTHB 253.4mTHB 110.5m
Diluted earnings per share0.030.030.020.020.020.020.030.01
Cash from operationsTHB 551.0mTHB 640.0mTHB 663.0mTHB 499.0mTHB 590.0mTHB 580.0mTHB 521.0mTHB 421.0m
Capital spending−THB 153.0m−THB 546.0m−THB 494.0m−THB 160.0m−THB 193.0m−THB 136.0m−THB 495.0m−THB 1.76bn
Free cash flowTHB 398.0mTHB 94.0mTHB 169.0mTHB 339.0mTHB 397.0mTHB 444.0mTHB 26.0m−THB 1.34bn
Total assetsTHB 25.97bnTHB 25.80bnTHB 25.65bnTHB 25.83bnTHB 25.18bnTHB 25.56bnTHB 25.11bnTHB 24.56bn
Cash and short-term investmentsTHB 978.1mTHB 755.7mTHB 1.03bnTHB 1.35bnTHB 821.3mTHB 1.03bnTHB 522.6mTHB 422.8m
DebtTHB 1.29bnTHB 7.86bnTHB 8.14bnTHB 8.60bnTHB 7.96bnTHB 8.23bnTHB 8.02bnTHB 7.63bn
Shareholders' equityTHB 16.91bnTHB 16.73bnTHB 16.41bnTHB 16.20bnTHB 16.18bnTHB 16.25bnTHB 16.04bnTHB 15.78bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin29.0%25.2%27.1%27.1%33.5%30.6%
Operating margin20.6%18.3%20.3%20.8%29.8%26.9%
Net margin12.2%13.0%16.3%18.5%26.3%25.7%
Return on equity4.9%5.2%7.1%9.1%11.3%12.6%
Return on assets3.1%3.3%4.9%6.4%8.0%9.2%
Free cash flow yield23.4%48.7%29.2%24.6%26.8%25.1%
Revenue growth1.6%-2.0%-4.8%20.8%-2.2%18.3%
Earnings growth-4.8%-21.8%-16.3%-14.9%-0.1%84.9%
Current ratio1.84x1.55x2.18x1.71x2.01x1.52x
Debt to equity0.49x0.50x0.37x0.36x0.36x0.33x
Equity ratio64.0%63.9%69.9%70.4%71.1%73.0%
Interest coverage4.08x3.93x6.88x10.87x12.08x14.80x
Buybacks as a share of market value3.1%0.0%0.6%0.4%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.8%2.3%12.1%
Operating income-2.0%-3.0%20.2%
Net income-14.6%-11.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin27.1%27.1%28.6%28.8%
Operating margin19.5%20.0%22.5%22.2%
Net margin12.6%15.1%18.4%15.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Price to earnings16.016.314.421.323.624.652.7
Price to sales1.92.12.34.06.26.38.7

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 26 Mar 2026.

FY2026FY2022FY2021FY2020
Paid in the year0.010.020.0180.03

Sources and methodology

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

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