2.06
-0.96%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.97bn
FY2016FY2025
Net income
THB 459.8m
FY2016FY2025
Free cash flow
THB 751.8m
FY2016FY2025
Shareholders' equity
THB 5.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.97bn | THB 5.30bn | THB 4.21bn | THB 1.30bn | THB 1.56bn | THB 466.7m | THB 531.3m | THB 1.06bn | THB 1.10bn | THB 826.0m |
| Research and development | — | — | THB 0 | THB 1 | THB 1 | THB 0 | THB 0 | THB 0 | THB 0 | THB 0 |
| Operating income | THB 943.5m | THB 318.5m | THB 707.3m | THB 189.6m | −THB 683.8m | −THB 135.5m | −THB 244.8m | THB 466.1m | THB 547.9m | THB 104.7m |
| Net income | THB 459.8m | THB 100.1m | THB 404.7m | THB 1.05bn | THB 686.1m | −THB 20.6m | THB 21.2m | THB 176.1m | THB 369.4m | THB 49.8m |
| Diluted earnings per share | 0.43 | 0.09 | 0.43 | 1.12 | 0.74 | -0.03 | 0.02 | 0.19 | 0.39 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 13.62bn | THB 14.79bn | THB 13.24bn | THB 12.43bn | THB 11.85bn | THB 7.82bn | THB 7.54bn | THB 6.73bn | THB 6.10bn | THB 5.38bn |
| Cash and short-term investments | THB 715.8m | THB 560.0m | THB 973.9m | THB 854.7m | THB 1.08bn | THB 107.3m | THB 1.28bn | THB 851.3m | THB 626.2m | THB 432.6m |
| Total liabilities | THB 7.34bn | THB 8.56bn | THB 7.15bn | THB 6.40bn | THB 6.81bn | THB 4.95bn | THB 4.65bn | THB 3.49bn | THB 2.98bn | THB 2.20bn |
| Debt | THB 5.63bn | THB 5.11bn | THB 4.46bn | THB 4.35bn | THB 4.82bn | THB 4.34bn | THB 4.03bn | THB 2.92bn | THB 2.36bn | THB 1.32bn |
| Shareholders' equity | THB 5.07bn | THB 5.23bn | THB 5.28bn | THB 5.18bn | THB 4.27bn | THB 2.53bn | THB 2.55bn | THB 3.01bn | THB 2.89bn | THB 2.96bn |
| Shares outstanding | 1,066m | 1,055m | 935m | 935m | 931m | 820m | 943m | 919m | 936m | 1,004m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 779.6m | THB 930.4m | THB 1.58bn | THB 374.4m | THB 1.02bn | THB 168.4m | −THB 48.3m | THB 353.5m | THB 119.1m | THB 241.7m |
| Capital spending | −THB 27.8m | −THB 2.12bn | −THB 1.21bn | −THB 1.05bn | −THB 1.28bn | −THB 1.16bn | −THB 449.0m | −THB 7.0m | −THB 10.8m | −THB 4.3m |
| Free cash flow | THB 751.8m | −THB 1.19bn | THB 372.9m | −THB 677.9m | −THB 256.1m | −THB 994.1m | −THB 497.3m | THB 346.5m | THB 108.3m | THB 237.4m |
| Dividends paid | −THB 53.3m | −THB 11.5m | −THB 65.4m | −THB 46.7m | −THB 46.7m | −THB 46.7m | −THB 84.1m | −THB 28.0m | −THB 46.7m | −THB 140.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 705.9m | THB 687.6m | THB 1.32bn | THB 694.2m | THB 1.11bn | THB 845.5m | THB 1.88bn | THB 1.03bn |
| Operating income | THB 57.0m | THB 206,000 | THB 578.0m | THB 66.0m | THB 150.5m | THB 53.8m | THB 182.3m | −THB 86.2m |
| Net income | THB 359.8m | −THB 2.8m | THB 361.7m | THB 17.7m | THB 75.3m | THB 5.2m | THB 150.7m | −THB 135.6m |
| Diluted earnings per share | 0.39 | -0.00 | 0.34 | 0.02 | 0.07 | 0.00 | 0.14 | -0.13 |
| Cash from operations | THB 29.0m | THB 226.0m | THB 98.0m | THB 255.0m | THB 208.0m | THB 354.0m | THB 389.0m | THB 253.0m |
| Capital spending | −THB 160.0m | −THB 228.0m | −THB 3.0m | −THB 298.0m | −THB 124.0m | −THB 191.0m | −THB 122.0m | −THB 1.30bn |
| Free cash flow | −THB 131.0m | −THB 2.0m | THB 95.0m | −THB 43.0m | THB 84.0m | THB 163.0m | THB 267.0m | −THB 1.05bn |
| Total assets | THB 14.08bn | THB 13.89bn | THB 13.62bn | THB 13.65bn | THB 13.56bn | THB 14.60bn | THB 14.79bn | THB 13.89bn |
| Cash and short-term investments | — | THB 638.1m | THB 715.8m | THB 506.4m | THB 479.6m | THB 421.2m | THB 560.0m | THB 495.5m |
| Debt | THB 3.19bn | THB 4.54bn | THB 4.41bn | THB 4.10bn | THB 4.02bn | THB 4.26bn | THB 4.53bn | THB 4.54bn |
| Shareholders' equity | THB 5.74bn | THB 5.27bn | THB 5.07bn | THB 4.81bn | THB 4.89bn | THB 5.20bn | THB 5.23bn | THB 5.05bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 22.1% | 7.1% | 17.3% | -74.5% | -43.9% | -29.0% | — | — |
| Net margin | 11.6% | 1.9% | 9.6% | 80.5% | 44.0% | -4.4% | — | — |
| Return on equity | 9.1% | 1.9% | 7.7% | 20.2% | 16.1% | -0.8% | — | — |
| Return on assets | 3.4% | 0.7% | 3.1% | 8.4% | 5.8% | -0.3% | — | — |
| Free cash flow yield | 36.1% | 137.6% | 142.2% | 72.7% | 117.5% | 77.2% | — | — |
| Revenue growth | -25.2% | 26.1% | 224.1% | -16.7% | 233.8% | -12.1% | — | — |
| Earnings growth | 359.6% | -75.3% | -61.3% | 52.4% | -3437.0% | -196.8% | — | — |
| Current ratio | 1.27x | 1.28x | 1.58x | 1.02x | 1.00x | 0.68x | — | — |
| Debt to equity | 0.87x | 0.87x | 0.73x | 0.76x | 1.05x | 1.62x | — | — |
| Equity ratio | 37.2% | 35.3% | 39.9% | 41.6% | 36.1% | 32.3% | — | — |
| Interest coverage | 4.29x | 1.81x | 3.09x | -6.35x | -4.48x | -1.01x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -1.1% | -12.8% | 0.0% | -0.5% | -13.4% | 13.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.1% | 53.4% | 17.8% |
| Operating income | 70.7% | — | 14.3% |
| Net income | -24.0% | — | 14.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 13.6% | 14.6% | 8.0% | 11.7% |
| Net margin | 6.0% | 13.6% | 15.9% | 16.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.2 | 50.6 | 11.2 | 5.7 | 8.6 | -192.5 | 186.1 | 20.3 | 19.4 | 119.3 |
| Price to sales | 0.5 | 0.9 | 1.1 | 4.5 | 3.8 | 8.5 | 7.4 | 3.4 | 6.5 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.012 | 0.061 | 0.044 | 0.044 | 0.079 | 0.026 | 0.044 |
- 57-for-50 split · 7 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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