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AAPICO Hitech PCL AH.BK · THB

Consumer Discretionary · SET · 🇹🇭 Thailand

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14.90

0.00%

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 25.78bn

FY2016FY2025

Net income

THB 731.4m

FY2016FY2025

Free cash flow

THB 324.8m

FY2016FY2025

Shareholders' equity

THB 10.90bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 25.78bnTHB 26.59bnTHB 30.03bnTHB 27.97bnTHB 20.43bnTHB 17.17bnTHB 18.39bnTHB 16.74bnTHB 15.78bnTHB 14.73bn
Gross profitTHB 2.03bnTHB 2.31bnTHB 3.51bnTHB 3.19bnTHB 2.21bnTHB 1.12bnTHB 1.69bnTHB 1.27bnTHB 997.7mTHB 875.0m
Research and development—THB 15.9mTHB 1.1mTHB 3.5mTHB 32.0mTHB 24.4mTHB 9.2mTHB 17.0mTHB 18.4mTHB 14.3m
Operating incomeTHB 787.3mTHB 965.6mTHB 1.81bnTHB 1.91bnTHB 1.21bnTHB 561.4mTHB 143.4mTHB 405.5mTHB 1.36bnTHB 618.0m
Net incomeTHB 731.4mTHB 747.0mTHB 1.61bnTHB 1.82bnTHB 1.02bnTHB 147.8m−THB 167.6mTHB 1.30bnTHB 1.16bnTHB 543.1m
Diluted earnings per share2.182.224.545.142.880.42-0.473.733.321.56

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 23.24bnTHB 23.08bnTHB 25.29bnTHB 25.47bnTHB 22.72bnTHB 22.35bnTHB 21.25bnTHB 17.89bnTHB 14.72bnTHB 11.11bn
Cash and short-term investmentsTHB 2.36bnTHB 2.09bnTHB 3.34bnTHB 767.4mTHB 742.1mTHB 689.6mTHB 592.3mTHB 614.7mTHB 495.4mTHB 479.2m
Total liabilitiesTHB 11.82bnTHB 12.08bnTHB 13.98bnTHB 15.54bnTHB 13.91bnTHB 14.60bnTHB 13.77bnTHB 9.94bnTHB 7.54bnTHB 4.88bn
DebtTHB 6.05bnTHB 5.76bnTHB 6.60bnTHB 7.87bnTHB 8.21bnTHB 9.77bnTHB 8.71bnTHB 6.42bnTHB 4.98bnTHB 2.54bn
Shareholders' equityTHB 10.90bnTHB 10.52bnTHB 10.83bnTHB 9.61bnTHB 8.51bnTHB 7.47bnTHB 7.23bnTHB 7.69bnTHB 6.97bnTHB 6.05bn
Shares outstanding336m336m355m355m356m355m355m348m348m348m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 1.56bnTHB 1.57bnTHB 2.11bnTHB 2.05bnTHB 3.30bnTHB 316.2mTHB 1.51bnTHB 1.49bnTHB 1.21bnTHB 1.21bn
Capital spending−THB 1.24bn−THB 1.16bn−THB 882.0m−THB 1.00bn−THB 1.50bn−THB 637.6m−THB 1.00bn−THB 914.5m−THB 172.5m−THB 166.8m
Free cash flowTHB 324.8mTHB 410.1mTHB 1.22bnTHB 1.04bnTHB 1.80bn−THB 321.4mTHB 504.5mTHB 577.3mTHB 1.04bnTHB 1.05bn
Dividends paid−THB 265.5m−THB 440.7m−THB 588.7m−THB 372.3m−THB 215.2m−THB 215.2m−THB 303.9m−THB 411.6m−THB 294.3m−THB 169.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 6.64bnTHB 6.33bnTHB 6.40bnTHB 6.12bnTHB 6.52bnTHB 6.75bnTHB 6.17bnTHB 6.53bn
Gross profitTHB 564.9mTHB 659.4mTHB 482.3mTHB 561.7mTHB 481.0mTHB 665.6mTHB 473.7mTHB 573.3m
Operating incomeTHB 94.7mTHB 235.1mTHB 66.1mTHB 243.2mTHB 156.8mTHB 351.0mTHB 223.6mTHB 279.5m
Net incomeTHB 195.4mTHB 314.4mTHB 105.6mTHB 211.6mTHB 108.1mTHB 306.2mTHB 119.9mTHB 204.8m
Diluted earnings per share0.580.940.310.630.320.910.360.61
Cash from operationsTHB 432.0mTHB 616.0mTHB 421.0mTHB 411.0mTHB 206.0mTHB 538.0m−THB 85.0mTHB 472.0m
Capital spending−THB 483.0m−THB 432.0m−THB 301.0m−THB 459.0m−THB 219.0m−THB 256.0m−THB 433.0m−THB 184.0m
Free cash flow−THB 51.0mTHB 184.0mTHB 120.0m−THB 48.0m−THB 13.0mTHB 282.0m−THB 518.0mTHB 288.0m
Total assetsTHB 24.47bnTHB 24.07bnTHB 23.24bnTHB 23.44bnTHB 23.53bnTHB 23.82bnTHB 23.08bnTHB 22.65bn
Cash and short-term investmentsTHB 2.51bnTHB 2.37bnTHB 2.36bnTHB 2.19bnTHB 2.20bnTHB 2.20bnTHB 2.09bnTHB 2.01bn
DebtTHB 2.96bnTHB 5.64bnTHB 5.94bnTHB 5.93bnTHB 5.74bnTHB 5.46bnTHB 5.57bnTHB 4.91bn
Shareholders' equityTHB 11.54bnTHB 11.41bnTHB 10.90bnTHB 10.91bnTHB 10.86bnTHB 10.92bnTHB 10.52bnTHB 10.49bn

Financial ratios

Data as of 18 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin7.9%8.7%11.7%11.4%10.8%6.5%—
Operating margin2.1%4.9%6.1%6.8%6.0%2.6%—
Net margin2.8%2.8%5.4%6.5%5.0%0.9%—
Return on equity6.7%7.1%14.9%19.0%12.0%2.0%—
Return on assets3.1%3.2%6.4%7.2%4.5%0.7%—
Free cash flow yield31.0%31.1%39.6%38.5%61.7%5.9%—
Revenue growth-3.0%-11.5%7.4%36.9%19.0%-6.6%—
Earnings growth-2.1%-53.6%-11.7%78.1%593.0%-188.1%—
Current ratio1.17x1.08x0.96x0.82x0.69x0.78x—
Debt to equity0.54x0.53x0.59x0.79x0.94x1.28x—
Equity ratio46.9%45.6%42.8%37.7%37.5%33.4%—
Interest coverage1.69x3.15x3.94x5.60x3.52x1.20x—
R&D as a share of sales—0.1%0.0%0.0%0.2%0.1%0.0%
Buybacks as a share of market value0.0%5.3%0.0%0.4%-0.4%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.7%8.5%5.9%
Operating income-25.6%7.0%8.0%
Net income-26.3%37.7%8.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin8.3%10.0%9.7%8.7%
Operating margin3.3%5.0%4.9%4.4%
Net margin2.8%4.5%4.1%4.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings5.87.36.25.89.438.9-28.54.69.49.3
Price to sales0.20.20.30.40.50.30.30.40.70.3

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 12 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year0.480.791.251.661.050.620.8731.182
  • 11-for-10 split · 15 Mar 2021
  • 6-for-5 split · 14 Mar 2013
  • 5-for-1 split · 17 May 2004

Sources and methodology

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

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