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AP Thailand PCL AP.BK · THB

Real Estate · SET · 🇹🇭 Thailand

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8.00

+0.63%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 37.34bn

FY2016FY2025

Net income

THB 4.32bn

FY2016FY2025

Free cash flow

THB 3.04bn

FY2016FY2025

Shareholders' equity

THB 46.09bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 37.34bnTHB 36.99bnTHB 38.05bnTHB 38.54bnTHB 31.79bnTHB 29.89bnTHB 23.80bnTHB 27.70bnTHB 22.18bnTHB 20.25bn
Gross profitTHB 11.79bnTHB 12.67bnTHB 13.90bnTHB 13.06bnTHB 10.31bnTHB 9.43bnTHB 8.18bnTHB 9.36bnTHB 7.91bnTHB 6.96bn
Operating incomeTHB 4.94bnTHB 6.59bnTHB 6.56bnTHB 5.98bnTHB 4.66bnTHB 5.24bnTHB 3.82bnTHB 3.64bnTHB 3.54bnTHB 3.14bn
Net incomeTHB 4.32bnTHB 5.02bnTHB 6.05bnTHB 5.88bnTHB 4.54bnTHB 4.23bnTHB 3.07bnTHB 3.87bnTHB 3.16bnTHB 2.70bn
Diluted earnings per share1.371.601.921.871.441.340.981.231.000.86

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 85.66bnTHB 84.89bnTHB 83.94bnTHB 68.23bnTHB 60.41bnTHB 58.72bnTHB 58.79bnTHB 49.28bnTHB 43.94bnTHB 37.79bn
Cash and short-term investmentsTHB 1.86bnTHB 2.57bnTHB 2.04bnTHB 1.65bnTHB 2.07bnTHB 2.74bnTHB 570.2mTHB 951.3mTHB 1.06bnTHB 1.09bn
Total liabilitiesTHB 39.58bnTHB 41.25bnTHB 43.21bnTHB 31.50bnTHB 27.99bnTHB 29.46bnTHB 32.50bnTHB 24.90bnTHB 22.30bnTHB 18.37bn
DebtTHB 31.35bnTHB 33.14bnTHB 34.39bnTHB 23.13bnTHB 21.38bnTHB 23.50bnTHB 27.61bnTHB 20.28bnTHB 18.40bnTHB 14.74bn
Shareholders' equityTHB 46.09bnTHB 43.66bnTHB 40.76bnTHB 36.75bnTHB 32.44bnTHB 29.28bnTHB 26.31bnTHB 24.39bnTHB 21.64bnTHB 19.42bn
Shares outstanding3,146m3,146m3,146m3,146m3,146m3,146m3,146m3,146m3,146m3,146m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 3.08bnTHB 3.08bn−THB 10.84bn−THB 1.90bnTHB 2.03bnTHB 7.35bn−THB 9.81bn−THB 2.93bn−THB 6.39bn−THB 396.9m
Capital spending−THB 46.2m−THB 46.0m−THB 81.9m−THB 131.5m−THB 120.3m−THB 112.3m−THB 286.0m−THB 215.5m−THB 247.8m−THB 48.8m
Free cash flowTHB 3.04bnTHB 3.03bn−THB 10.92bn−THB 2.04bnTHB 1.91bnTHB 7.23bn−THB 10.10bn−THB 3.15bn−THB 6.64bn−THB 445.7m
Dividends paid−THB 1.89bn−THB 2.20bn−THB 2.04bn−THB 1.57bn−THB 1.42bn−THB 1.26bn−THB 1.26bn−THB 1.10bn−THB 943.8m−THB 943.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 10.78bnTHB 9.55bnTHB 10.58bnTHB 9.12bnTHB 9.94bnTHB 7.70bnTHB 9.31bnTHB 9.95bn
Gross profitTHB 3.31bnTHB 2.81bnTHB 3.33bnTHB 2.92bnTHB 3.05bnTHB 2.58bnTHB 3.12bnTHB 3.30bn
Operating incomeTHB 1.44bnTHB 1.22bnTHB 1.54bnTHB 1.21bnTHB 1.29bnTHB 1.09bnTHB 1.59bnTHB 1.86bn
Net incomeTHB 1.06bnTHB 903.5mTHB 1.29bnTHB 1.15bnTHB 1.01bnTHB 863.7mTHB 1.29bnTHB 1.45bn
Diluted earnings per share0.340.290.410.370.320.270.410.46
Cash from operationsTHB 996.0m−THB 646.0mTHB 2.11bnTHB 437.0mTHB 208.0m−THB 221.0mTHB 508.0mTHB 2.69bn
Capital spending−THB 8.0m−THB 15.0m−THB 12.0m−THB 25.0m−THB 5.0m−THB 4.0m−THB 10.0m−THB 10.0m
Free cash flowTHB 988.0m−THB 661.0mTHB 2.10bnTHB 412.0mTHB 203.0m−THB 225.0mTHB 498.0mTHB 2.68bn
Total assetsTHB 88.09bnTHB 87.65bnTHB 85.66bnTHB 86.24bnTHB 86.79bnTHB 85.09bnTHB 84.89bnTHB 83.84bn
Cash and short-term investmentsTHB 3.05bnTHB 2.68bnTHB 1.86bnTHB 1.76bnTHB 2.86bnTHB 2.33bnTHB 2.57bnTHB 2.37bn
DebtTHB 11.66bnTHB 32.50bnTHB 31.36bnTHB 33.26bnTHB 34.74bnTHB 32.57bnTHB 33.07bnTHB 33.50bn
Shareholders' equityTHB 46.40bnTHB 46.98bnTHB 46.09bnTHB 44.80bnTHB 43.65bnTHB 44.53bnTHB 43.66bnTHB 42.37bn

Financial ratios

Data as of 23 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin31.6%34.3%36.5%33.9%32.4%31.6%
Operating margin13.2%17.8%17.3%15.5%14.7%17.5%
Net margin11.6%13.6%15.9%15.3%14.3%14.1%
Return on equity9.4%11.5%14.9%16.0%14.0%14.4%
Return on assets5.0%5.9%7.2%8.6%7.5%7.2%
Free cash flow yield12.5%12.5%-43.0%-7.1%8.6%29.8%
Revenue growth1.0%-2.8%-1.3%21.2%6.4%25.6%
Earnings growth-14.0%-17.1%3.0%29.4%7.5%37.8%
Current ratio4.42x4.02x3.50x3.79x4.10x3.76x
Debt to equity0.68x0.76x0.84x0.62x0.65x0.79x
Equity ratio53.8%51.4%48.6%53.9%53.7%49.9%
Interest coverage7.86x9.29x25.17x57.51x18.28x14.26x
Buybacks as a share of market value-0.0%0.0%0.0%-0.0%0.0%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.0%4.6%5.4%
Operating income-6.1%-1.1%3.1%
Net income-9.8%0.4%5.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin32.9%34.1%33.5%33.8%
Operating margin15.5%16.0%16.0%15.7%
Net margin12.6%14.1%14.1%13.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings6.35.15.96.26.65.47.64.99.18.7
Price to sales0.70.70.90.90.90.81.00.71.31.2

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 6 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.520.600.700.650.500.450.400.40
  • 11-for-10 split · 20 Oct 2014
  • 6-for-5 split · 4 May 2011
  • 10-for-1 split · 7 May 2003

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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