1.69
-3.43%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.74bn
FY2016FY2025
Net income
−THB 111.8m
FY2016FY2025
Free cash flow
THB 337.9m
FY2016FY2025
Shareholders' equity
THB 4.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.74bn | THB 3.97bn | THB 4.12bn | THB 4.09bn | THB 2.78bn | THB 2.78bn | THB 3.10bn | THB 3.33bn | THB 2.20bn | THB 1.89bn |
| Operating income | −THB 271.7m | THB 91.0m | THB 323.5m | THB 469.3m | THB 312.6m | THB 182.7m | THB 206.1m | THB 47.2m | THB 85.7m | −THB 275.5m |
| Net income | −THB 111.8m | THB 76.3m | THB 290.5m | THB 474.4m | THB 313.1m | THB 170.7m | THB 167.7m | THB 172.7m | −THB 163.9m | −THB 628.1m |
| Diluted earnings per share | -0.11 | 0.08 | 0.29 | 0.48 | 0.30 | 0.18 | 0.18 | 0.17 | -0.16 | -1.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 5.84bn | THB 6.01bn | THB 5.96bn | THB 6.08bn | THB 5.72bn | THB 5.42bn | THB 5.28bn | THB 6.17bn | THB 5.58bn | THB 4.74bn |
| Cash and short-term investments | THB 1.07bn | THB 1.12bn | THB 874.9m | THB 909.1m | THB 673.0m | THB 991.7m | THB 313.8m | THB 1.04bn | THB 1.33bn | THB 176.2m |
| Total liabilities | THB 1.28bn | THB 1.28bn | THB 1.25bn | THB 1.38bn | THB 1.30bn | THB 1.20bn | THB 1.11bn | THB 2.09bn | THB 1.68bn | THB 3.97bn |
| Debt | THB 115.0m | THB 153.9m | THB 134.7m | THB 143.5m | THB 129.6m | THB 184.3m | THB 34.0m | THB 49.5m | THB 264.9m | THB 2.17bn |
| Shareholders' equity | THB 4.45bn | THB 4.62bn | THB 4.72bn | THB 4.70bn | THB 4.41bn | THB 4.22bn | THB 4.17bn | THB 4.07bn | THB 3.90bn | THB 769.9m |
| Shares outstanding | 998m | 998m | 998m | 998m | 1,036m | 972m | 913m | 998m | 998m | 332m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 432.8m | THB 451.6m | THB 785.2m | THB 972.4m | THB 906.1m | THB 613.8m | THB 456.1m | THB 526.5m | THB 455.2m | −THB 27.9m |
| Capital spending | −THB 94.9m | −THB 315.7m | −THB 755.5m | −THB 456.3m | −THB 289.5m | −THB 174.9m | −THB 434.0m | −THB 181.6m | −THB 438.0m | −THB 577.5m |
| Free cash flow | THB 337.9m | THB 135.9m | THB 29.7m | THB 516.0m | THB 616.6m | THB 438.9m | THB 22.1m | THB 344.9m | THB 17.2m | −THB 605.4m |
| Dividends paid | −THB 59.9m | −THB 179.7m | −THB 289.5m | −THB 189.7m | −THB 119.8m | −THB 119.8m | −THB 69.9m | −THB 69.9m | −THB 69.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 832.5m | THB 860.0m | THB 1.06bn | THB 916.7m | THB 874.4m | THB 891.1m | THB 1.18bn | THB 966.5m |
| Operating income | −THB 43.2m | −THB 57.2m | −THB 36.7m | −THB 16.6m | −THB 51.2m | −THB 47.6m | THB 67.6m | THB 6.5m |
| Net income | −THB 36.4m | −THB 14.0m | −THB 11.3m | −THB 16.6m | −THB 44.7m | −THB 39.2m | THB 40.4m | THB 4.3m |
| Diluted earnings per share | -0.04 | -0.01 | -0.01 | -0.02 | -0.04 | -0.04 | 0.04 | 0.00 |
| Cash from operations | THB 39.0m | THB 30.0m | THB 87.0m | THB 176.0m | THB 69.0m | THB 79.0m | THB 4.0m | THB 258.0m |
| Capital spending | −THB 38.0m | −THB 37.0m | −THB 52.0m | −THB 49.0m | −THB 32.0m | −THB 36.0m | −THB 79.0m | −THB 77.0m |
| Free cash flow | THB 1.0m | −THB 7.0m | THB 35.0m | THB 127.0m | THB 37.0m | THB 43.0m | −THB 75.0m | THB 181.0m |
| Total assets | THB 5.70bn | THB 5.78bn | THB 5.84bn | THB 5.92bn | THB 5.86bn | THB 5.95bn | THB 6.01bn | THB 6.17bn |
| Cash and short-term investments | — | THB 1.02bn | THB 1.07bn | THB 1.15bn | THB 941.6m | THB 1.04bn | THB 1.12bn | THB 1.16bn |
| Debt | — | THB 70.9m | THB 131.3m | THB 145.6m | THB 156.9m | THB 169.1m | THB 84.1m | THB 80.3m |
| Shareholders' equity | THB 4.40bn | THB 4.43bn | THB 4.45bn | THB 4.46bn | THB 4.48bn | THB 4.58bn | THB 4.62bn | THB 4.57bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2013 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -7.3% | 2.3% | 7.7% | 11.5% | 11.1% | 6.6% | — |
| Net margin | -3.0% | 1.9% | 7.1% | 11.6% | 11.2% | 6.1% | — |
| Return on equity | -2.5% | 1.7% | 6.2% | 10.1% | 7.1% | 4.0% | — |
| Return on assets | -1.9% | 1.3% | 4.9% | 7.8% | 5.5% | 3.2% | — |
| Free cash flow yield | 28.6% | 41.5% | 83.4% | 77.4% | 62.4% | 43.9% | — |
| Revenue growth | -5.7% | -3.7% | 0.8% | 46.8% | 0.3% | -10.6% | — |
| Earnings growth | -246.5% | -73.7% | -38.8% | 51.5% | 83.5% | 1.8% | — |
| Current ratio | 2.32x | 2.40x | 2.00x | 1.84x | 1.65x | 2.29x | — |
| Debt to equity | 0.01x | 0.04x | 0.02x | 0.02x | 0.02x | 0.02x | — |
| Equity ratio | 76.1% | 76.9% | 79.1% | 77.3% | 77.2% | 77.9% | — |
| Interest coverage | -53.51x | 20.77x | 63.28x | 129.03x | 77.30x | 35.98x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 3.7% | -6.6% | -6.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.9% | 6.2% | 6.6% |
| Operating income | — | — | -4.8% |
| Net income | — | — | -12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2.3% | 3.8% | 5.2% | 2.1% |
| Net margin | -0.5% | 4.6% | 5.6% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.0 | 40.5 | 14.3 | 13.2 | 19.9 | 24.0 | 22.6 | 27.5 | -35.6 | -2.9 |
| Price to sales | 0.7 | 0.8 | 1.0 | 1.5 | 2.2 | 1.5 | 1.2 | 1.4 | 2.7 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.18 | 0.29 | 0.19 | 0.12 | 0.12 | 0.07 | 0.553 |
- 11-for-10 split · 24 Apr 2014
- 10-for-1 split · 7 May 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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