1.64
-0.61%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.50bn
FY2016FY2025
Net income
THB 81.6m
FY2016FY2025
Free cash flow
THB 221.7m
FY2016FY2025
Shareholders' equity
THB 1.69bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.50bn | THB 1.27bn | THB 1.47bn | THB 1.15bn | THB 1.07bn | THB 1.56bn | THB 903.2m | THB 853.7m | THB 1.26bn | THB 1.96bn |
| Gross profit | THB 253.5m | THB 250.0m | THB 220.9m | THB 202.0m | THB 81.8m | THB 98.3m | THB 69.7m | −THB 66.2m | THB 286.8m | THB 541.5m |
| Operating income | THB 54.4m | THB 45.4m | THB 62.3m | −THB 95.8m | −THB 127.0m | THB 294.6m | −THB 92.2m | −THB 283.9m | THB 98.3m | THB 353.7m |
| Net income | THB 81.6m | THB 8.1m | THB 22.0m | −THB 107.9m | −THB 133.3m | THB 267.4m | −THB 132.9m | −THB 286.3m | THB 56.9m | THB 279.1m |
| Diluted earnings per share | 0.07 | 0.01 | 0.02 | -0.10 | -0.12 | 0.24 | -0.13 | -0.28 | 0.05 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.43bn | THB 4.22bn | THB 3.63bn | THB 3.02bn | THB 2.68bn | THB 3.20bn | THB 2.88bn | THB 3.34bn | THB 3.44bn | THB 3.36bn |
| Cash and short-term investments | THB 314.8m | THB 246.3m | THB 137.0m | THB 315.9m | THB 253.4m | THB 498.5m | THB 36.2m | THB 192.4m | THB 144.0m | THB 186.4m |
| Total liabilities | THB 2.74bn | THB 2.60bn | THB 2.02bn | THB 1.44bn | THB 984.7m | THB 1.37bn | THB 1.46bn | THB 1.81bn | THB 1.64bn | THB 1.51bn |
| Debt | THB 1.40bn | THB 919.5m | THB 783.5m | THB 465.6m | THB 281.2m | THB 641.2m | THB 946.2m | THB 1.20bn | THB 1.03bn | THB 762.0m |
| Shareholders' equity | THB 1.69bn | THB 1.62bn | THB 1.61bn | THB 1.59bn | THB 1.70bn | THB 1.83bn | THB 1.41bn | THB 1.52bn | THB 1.80bn | THB 1.85bn |
| Shares outstanding | 1,119m | 1,132m | 1,132m | 1,132m | 1,132m | 1,132m | 1,019m | 1,032m | 1,061m | 1,018m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 422.2m | THB 698.1m | THB 151.4m | THB 292.9m | THB 260.4m | THB 710.6m | THB 67.5m | THB 114.9m | THB 280.2m | −THB 321.3m |
| Capital spending | −THB 200.6m | −THB 237.2m | −THB 633.8m | −THB 307.8m | −THB 95.8m | −THB 277.7m | −THB 106.8m | −THB 202.5m | −THB 443.9m | −THB 321.7m |
| Free cash flow | THB 221.7m | THB 460.9m | −THB 482.4m | −THB 14.9m | THB 164.6m | THB 432.9m | −THB 39.4m | −THB 87.6m | −THB 163.7m | −THB 643.0m |
| Dividends paid | — | — | — | — | — | −THB 101.9m | −THB 101.9m | −THB 40.3m | −THB 100.0m | −THB 160.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 423.6m | THB 339.1m | THB 482.6m | THB 298.5m | THB 389.2m | THB 324.7m | THB 274.3m | THB 376.9m |
| Gross profit | THB 77.9m | THB 142.8m | THB 47.8m | THB 73.1m | THB 70.9m | THB 65.8m | THB 44.9m | THB 82.8m |
| Operating income | THB 36.2m | THB 16.7m | −THB 5.2m | THB 27.1m | THB 44.6m | THB 16.7m | −THB 6.4m | THB 23.5m |
| Net income | THB 22.4m | THB 9.0m | −THB 16.8m | THB 4.8m | THB 84.7m | THB 8.9m | −THB 5.7m | THB 4.5m |
| Diluted earnings per share | 0.02 | 0.01 | -0.01 | 0.00 | 0.08 | 0.01 | -0.01 | 0.00 |
| Cash from operations | THB 116.0m | −THB 4.0m | THB 280.0m | −THB 88.0m | THB 152.0m | THB 48.0m | THB 283.0m | −THB 53.0m |
| Capital spending | −THB 34.0m | −THB 5.0m | −THB 80.0m | −THB 31.0m | −THB 66.0m | −THB 85.0m | −THB 45.0m | −THB 24.0m |
| Free cash flow | THB 82.0m | −THB 9.0m | THB 200.0m | −THB 119.0m | THB 86.0m | −THB 37.0m | THB 238.0m | −THB 77.0m |
| Total assets | THB 4.40bn | THB 4.31bn | THB 4.43bn | THB 4.25bn | THB 4.32bn | THB 4.43bn | THB 4.22bn | THB 4.06bn |
| Cash and short-term investments | — | — | THB 314.8m | THB 173.9m | THB 323.7m | THB 215.4m | THB 246.3m | THB 156.1m |
| Debt | THB 145.6m | THB 153.4m | THB 573.2m | THB 552.7m | THB 576.0m | THB 588.6m | THB 593.6m | THB 617.0m |
| Shareholders' equity | THB 1.71bn | THB 1.69bn | THB 1.69bn | THB 1.71bn | THB 1.71bn | THB 1.63bn | THB 1.62bn | THB 1.63bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.0% | 19.6% | 15.1% | 17.6% | 7.6% | 6.3% |
| Operating margin | 3.6% | 5.3% | 4.3% | -6.2% | -9.1% | 18.9% |
| Net margin | 5.5% | 0.6% | 1.5% | -9.4% | -12.4% | 17.2% |
| Return on equity | 4.8% | 0.5% | 1.4% | -6.8% | -7.9% | 14.6% |
| Return on assets | 1.8% | 0.2% | 0.6% | -3.6% | -5.0% | 8.4% |
| Free cash flow yield | 36.9% | 54.7% | 45.9% | 35.1% | 20.8% | 57.8% |
| Revenue growth | 17.4% | -13.2% | 27.7% | 7.0% | -31.1% | 72.4% |
| Earnings growth | 901.9% | -63.0% | -120.4% | -19.1% | -149.8% | -301.2% |
| Current ratio | 1.22x | 1.27x | 0.92x | 1.51x | 1.41x | 1.46x |
| Debt to equity | 0.34x | 0.37x | 0.43x | 0.28x | 0.15x | 0.31x |
| Equity ratio | 38.1% | 38.3% | 44.4% | 52.5% | 63.3% | 57.2% |
| Interest coverage | 0.95x | 1.33x | 2.59x | -4.48x | -6.10x | 9.31x |
| Buybacks as a share of market value | 1.2% | 0.0% | 0.0% | 0.0% | 0.0% | -11.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.2% | -0.8% | -5.4% |
| Operating income | — | -28.7% | -14.7% |
| Net income | — | -21.1% | -8.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.2% | 17.2% | 13.8% | 16.0% |
| Operating margin | 3.6% | 1.2% | 2.9% | 3.7% |
| Net margin | 3.2% | 0.1% | 1.7% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 146.0 | 81.3 | -24.4 | -20.4 | 13.7 | -12.5 | -10.3 | 89.6 | 32.5 |
| Price to sales | 0.8 | 0.9 | 1.2 | 2.3 | 2.5 | 2.4 | 1.8 | 3.5 | 4.0 | 4.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Nov 2020.
| FY2020 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.10 | 0.04 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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