1.03
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 1.92bn
FY2016FY2025
Net income
THB 189.3m
FY2016FY2025
Free cash flow
THB 338.6m
FY2016FY2025
Shareholders' equity
THB 1.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.92bn | THB 2.57bn | THB 2.28bn | THB 2.10bn | THB 1.41bn | THB 1.49bn | THB 1.63bn | THB 1.46bn | THB 1.68bn | THB 1.62bn |
| Gross profit | THB 590.5m | THB 723.1m | THB 583.6m | THB 476.9m | THB 345.6m | THB 374.0m | THB 411.3m | THB 270.6m | THB 330.1m | THB 238.1m |
| Operating income | THB 271.4m | THB 381.7m | THB 309.8m | THB 221.5m | THB 121.9m | THB 141.8m | THB 117.8m | −THB 4.4m | THB 75.3m | −THB 43.1m |
| Net income | THB 189.3m | THB 280.0m | THB 220.5m | THB 159.5m | THB 89.9m | THB 98.4m | THB 82.5m | −THB 279.6m | THB 44.3m | −THB 62.2m |
| Diluted earnings per share | 0.13 | 0.19 | 0.15 | 0.11 | 0.06 | 0.07 | 0.06 | -0.21 | 0.03 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.19bn | THB 2.38bn | THB 2.25bn | THB 2.21bn | THB 2.08bn | THB 1.53bn | THB 1.72bn | THB 1.62bn | THB 2.01bn | THB 2.12bn |
| Cash and short-term investments | THB 384.0m | THB 257.0m | THB 261.4m | THB 89.1m | THB 126.9m | THB 61.2m | THB 41.4m | THB 52.0m | THB 52.0m | THB 65.2m |
| Total liabilities | THB 486.5m | THB 700.7m | THB 751.9m | THB 833.6m | THB 795.4m | THB 466.5m | THB 740.0m | THB 735.2m | THB 811.0m | THB 929.0m |
| Debt | THB 80.1m | THB 202.0m | THB 320.7m | THB 328.9m | THB 347.4m | THB 202.7m | THB 346.3m | THB 348.7m | THB 363.5m | THB 452.6m |
| Shareholders' equity | THB 1.70bn | THB 1.68bn | THB 1.49bn | THB 1.38bn | THB 1.28bn | THB 1.06bn | THB 973.8m | THB 881.0m | THB 1.20bn | THB 1.19bn |
| Shares outstanding | 1,472m | 1,472m | 1,472m | 1,472m | 1,472m | 1,343m | 1,343m | 1,343m | 1,343m | 1,343m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 394.9m | THB 285.5m | THB 387.7m | THB 116.0m | −THB 186.6m | THB 259.5m | THB 16.7m | THB 106.7m | THB 188.2m | THB 55.1m |
| Capital spending | −THB 56.4m | −THB 62.8m | −THB 114.6m | −THB 63.6m | −THB 16.7m | −THB 19.1m | −THB 18.7m | −THB 25.4m | −THB 70.5m | −THB 67.4m |
| Free cash flow | THB 338.6m | THB 222.7m | THB 273.1m | THB 52.5m | −THB 203.2m | THB 240.4m | −THB 2.0m | THB 81.3m | THB 117.8m | −THB 12.3m |
| Dividends paid | −THB 147.2m | −THB 95.6m | −THB 88.3m | −THB 66.2m | −THB 66.2m | −THB 66.2m | −THB 66.2m | −THB 40.3m | −THB 33.6m | −THB 67.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 548.9m | THB 333.2m | THB 615.2m | THB 364.8m | THB 424.7m | THB 512.9m | THB 885.9m | THB 709.6m |
| Gross profit | THB 175.0m | THB 75.4m | THB 224.0m | THB 85.6m | THB 105.6m | THB 175.3m | THB 285.6m | THB 188.1m |
| Operating income | THB 68.1m | THB 8.8m | THB 101.1m | THB 8.9m | THB 27.3m | THB 123.8m | THB 157.8m | THB 110.5m |
| Net income | THB 53.1m | THB 7.3m | THB 76.2m | THB 2.3m | THB 19.2m | THB 91.5m | THB 120.8m | THB 81.7m |
| Diluted earnings per share | 0.04 | 0.00 | 0.05 | 0.00 | 0.01 | 0.06 | 0.08 | 0.06 |
| Cash from operations | −THB 169.0m | −THB 6.0m | THB 174.0m | THB 2.0m | THB 71.0m | THB 146.0m | THB 460.0m | −THB 90.0m |
| Capital spending | −THB 26.0m | −THB 19.0m | −THB 23.0m | −THB 17.0m | −THB 8.0m | −THB 7.0m | −THB 12.0m | −THB 23.0m |
| Free cash flow | −THB 195.0m | −THB 25.0m | THB 151.0m | −THB 15.0m | THB 63.0m | THB 139.0m | THB 448.0m | −THB 113.0m |
| Total assets | THB 2.41bn | THB 2.29bn | THB 2.19bn | THB 2.15bn | THB 2.11bn | THB 2.33bn | THB 2.38bn | THB 2.60bn |
| Cash and short-term investments | — | — | THB 384.0m | THB 259.7m | THB 251.1m | THB 365.7m | THB 257.0m | THB 92.7m |
| Debt | — | — | THB 22.5m | THB 46.6m | THB 20.8m | THB 48.7m | THB 148.4m | THB 427.0m |
| Shareholders' equity | THB 1.67bn | THB 1.71bn | THB 1.70bn | THB 1.65bn | THB 1.64bn | THB 1.77bn | THB 1.68bn | THB 1.56bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.8% | 28.1% | 25.5% | 22.7% | 24.4% | 25.1% |
| Operating margin | 13.7% | 14.9% | 13.6% | 10.6% | 9.0% | 9.5% |
| Net margin | 9.9% | 10.9% | 9.7% | 7.6% | 6.4% | 6.6% |
| Return on equity | 11.1% | 16.7% | 14.8% | 11.6% | 7.0% | 9.3% |
| Return on assets | 8.7% | 11.8% | 9.8% | 7.2% | 4.3% | 6.4% |
| Free cash flow yield | 31.0% | 23.9% | 34.5% | 12.3% | -11.7% | 21.0% |
| Revenue growth | -25.4% | 12.6% | 8.5% | 48.8% | -4.9% | -8.7% |
| Earnings growth | -32.4% | 27.0% | 38.3% | 77.4% | -8.7% | 19.3% |
| Current ratio | 4.76x | 2.94x | 2.38x | 2.21x | 2.16x | 2.82x |
| Debt to equity | 0.01x | 0.09x | 0.18x | 0.19x | 0.23x | 0.13x |
| Equity ratio | 77.7% | 70.5% | 66.5% | 62.2% | 61.7% | 69.5% |
| Interest coverage | 39.72x | 15.61x | 10.94x | 9.90x | 10.01x | 7.20x |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 0.0% | -9.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.1% | 5.2% | -0.9% |
| Operating income | 7.0% | 13.9% | 5.6% |
| Net income | 5.9% | 14.0% | 7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.3% | 26.7% | 26.3% | 24.2% |
| Operating margin | 14.5% | 13.3% | 12.3% | 8.6% |
| Net margin | 10.5% | 9.6% | 8.8% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 5.4 | 5.5 | 8.1 | 17.2 | 7.4 | 9.8 | -3.8 | 32.1 | -25.5 |
| Price to sales | 0.7 | 0.6 | 0.5 | 0.6 | 1.1 | 0.5 | 0.5 | 0.7 | 0.8 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.065 | 0.10 | 0.065 | 0.06 | 0.045 | 0.03 | 0.025 | 0.05 |
- 17-for-16 split · 13 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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