1.35
-1.46%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 7.64bn
FY2016FY2025
Net income
THB 21.9m
FY2016FY2025
Free cash flow
THB 112.5m
FY2016FY2025
Shareholders' equity
THB 2.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 7.64bn | THB 8.24bn | THB 8.22bn | THB 7.72bn | THB 6.43bn | THB 5.51bn | THB 1.98bn | THB 1.56bn | THB 2.29bn | THB 3.48bn |
| Gross profit | THB 108.0m | THB 345.7m | THB 147.7m | THB 43.2m | THB 541.4m | THB 612.5m | −THB 65.6m | THB 28.4m | −THB 113.3m | THB 155.7m |
| Operating income | THB 13.4m | THB 239.2m | THB 39.7m | −THB 33.1m | THB 439.0m | THB 495.3m | −THB 160.1m | −THB 69.1m | −THB 41.4m | THB 44.6m |
| Net income | THB 21.9m | THB 241.9m | THB 40.3m | −THB 22.1m | THB 423.6m | THB 488.5m | −THB 156.5m | −THB 72.3m | −THB 72.3m | THB 42.7m |
| Diluted earnings per share | 0.02 | 0.17 | 0.03 | -0.02 | 0.28 | 0.37 | -0.12 | -0.06 | -0.06 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.48bn | THB 2.89bn | THB 2.55bn | THB 2.48bn | THB 2.96bn | THB 2.56bn | THB 2.33bn | THB 1.97bn | THB 1.83bn | THB 2.08bn |
| Cash and short-term investments | THB 301.1m | THB 532.8m | THB 174.5m | THB 105.2m | THB 339.6m | THB 53.0m | THB 67.7m | THB 178.9m | THB 230.1m | THB 227.5m |
| Total liabilities | THB 457.4m | THB 541.9m | THB 450.4m | THB 476.6m | THB 623.3m | THB 385.9m | THB 643.1m | THB 134.7m | THB 98.8m | THB 277.6m |
| Debt | THB 618,043 | THB 769,358 | THB 65,493 | THB 260,743 | THB 444,422 | — | THB 293.6m | — | — | THB 128.0m |
| Shareholders' equity | THB 2.02bn | THB 2.35bn | THB 2.10bn | THB 2.00bn | THB 2.34bn | THB 2.17bn | THB 1.68bn | THB 1.84bn | THB 1.73bn | THB 1.80bn |
| Shares outstanding | 1,384m | 1,384m | 1,397m | 1,317m | 1,508m | 1,308m | 1,308m | 1,308m | 1,130m | 1,130m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 206.7m | THB 390.0m | THB 51.2m | THB 144.4m | THB 580.6m | THB 407.2m | −THB 227.7m | THB 19.3m | THB 24.1m | THB 296.1m |
| Capital spending | −THB 94.2m | −THB 31.9m | −THB 39.6m | −THB 70.2m | −THB 32.4m | −THB 311,964 | −THB 491,982 | −THB 181,200 | −THB 206.9m | −THB 61.6m |
| Free cash flow | THB 112.5m | THB 358.1m | THB 11.6m | THB 74.2m | THB 548.2m | THB 406.9m | −THB 228.2m | THB 19.2m | −THB 182.8m | THB 234.5m |
| Dividends paid | −THB 345.8m | — | −THB 10,350 | −THB 326.8m | −THB 261.5m | −THB 261.5m | −THB 261.5m | −THB 261.5m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.05bn | THB 2.02bn | THB 2.02bn | THB 1.73bn | THB 2.15bn | THB 1.74bn | THB 2.36bn | THB 2.15bn |
| Gross profit | THB 181.4m | THB 78.8m | THB 25.7m | THB 58.8m | THB 7.9m | THB 36.8m | THB 169.2m | THB 61.8m |
| Operating income | THB 152.0m | THB 50.2m | −THB 911,595 | THB 27.9m | −THB 21.0m | THB 11.0m | THB 146.4m | THB 31.0m |
| Net income | THB 131.4m | THB 52.3m | THB 1.2m | THB 51.0m | −THB 41.5m | THB 11.1m | THB 147.6m | THB 31.2m |
| Diluted earnings per share | 0.10 | 0.04 | 0.00 | 0.04 | -0.03 | 0.01 | 0.11 | 0.02 |
| Cash from operations | THB 94.0m | THB 112.0m | THB 24.0m | THB 73.0m | −THB 31.0m | THB 140.0m | THB 113.0m | THB 186.0m |
| Capital spending | −THB 2.0m | −THB 2.0m | −THB 27.0m | −THB 16.0m | −THB 41.0m | −THB 8.0m | −THB 10.0m | −THB 16.0m |
| Free cash flow | THB 92.0m | THB 110.0m | −THB 3.0m | THB 57.0m | −THB 72.0m | THB 132.0m | THB 103.0m | THB 170.0m |
| Total assets | THB 2.61bn | THB 2.58bn | THB 2.48bn | THB 2.42bn | THB 2.34bn | THB 2.73bn | THB 2.89bn | THB 2.63bn |
| Cash and short-term investments | THB 427.8m | THB 411.4m | THB 301.1m | THB 304.7m | THB 247.4m | THB 665.8m | THB 532.8m | THB 429.2m |
| Debt | THB 176,000 | THB 172,000 | THB 338,432 | THB 166,000 | THB 158,000 | THB 316,000 | THB 289,794 | THB 284,000 |
| Shareholders' equity | THB 2.14bn | THB 2.08bn | THB 2.02bn | THB 2.02bn | THB 1.97bn | THB 2.36bn | THB 2.35bn | THB 2.20bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 1.4% | 4.2% | 1.8% | 0.6% | 8.4% | 11.1% | — |
| Operating margin | 0.3% | 2.9% | 0.5% | -0.3% | 6.5% | 9.0% | — |
| Net margin | 0.3% | 2.9% | 0.5% | -0.3% | 6.6% | 8.9% | — |
| Return on equity | 1.1% | 10.3% | 1.9% | -1.1% | 18.1% | 22.5% | — |
| Return on assets | 0.9% | 8.4% | 1.6% | -0.9% | 14.3% | 19.1% | — |
| Free cash flow yield | 15.8% | 22.1% | 4.7% | 11.8% | 29.5% | 22.6% | — |
| Revenue growth | -7.2% | 0.2% | 6.4% | 20.1% | 16.6% | 178.4% | — |
| Earnings growth | -90.9% | 500.8% | -281.9% | -105.2% | -13.3% | -412.2% | — |
| Current ratio | 2.83x | 3.10x | 2.82x | 2.31x | 2.48x | 2.65x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | -0.00x | 0.00x | — | 0.17x |
| Equity ratio | 81.6% | 81.3% | 82.4% | 80.8% | 78.9% | 84.9% | — |
| Interest coverage | 470.19x | 7166.75x | 2004.82x | -118.62x | 5711.67x | 76.92x | — |
| Buybacks as a share of market value | 0.0% | 0.9% | -6.1% | 12.7% | -15.3% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | 6.7% | 8.1% |
| Operating income | — | -51.4% | — |
| Net income | — | -46.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.9% | 2.0% | 4.1% | 3.2% |
| Operating margin | 1.6% | 0.8% | 2.7% | 1.6% |
| Net margin | 1.7% | 0.9% | 2.7% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 65.1 | 6.2 | 47.5 | -168.9 | 15.5 | 8.3 | -10.0 | -41.7 | 40.8 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.5 | 1.0 | 0.7 | 0.8 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 4 Mar 2026.
| FY2026 | FY2025 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.05 | 0.25 | 0.25 | 0.20 |
- 4-to-1 reverse split · 11 Oct 2021
- 4-for-1 split · 6 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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