8.00
+0.63%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
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
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 37.34bn | THB 36.99bn | THB 38.05bn | THB 38.54bn | THB 31.79bn | THB 29.89bn | THB 23.80bn | THB 27.70bn | THB 22.18bn | THB 20.25bn |
| Gross profit | THB 11.79bn | THB 12.67bn | THB 13.90bn | THB 13.06bn | THB 10.31bn | THB 9.43bn | THB 8.18bn | THB 9.36bn | THB 7.91bn | THB 6.96bn |
| Operating income | THB 4.94bn | THB 6.59bn | THB 6.56bn | THB 5.98bn | THB 4.66bn | THB 5.24bn | THB 3.82bn | THB 3.64bn | THB 3.54bn | THB 3.14bn |
| Net income | THB 4.32bn | THB 5.02bn | THB 6.05bn | THB 5.88bn | THB 4.54bn | THB 4.23bn | THB 3.07bn | THB 3.87bn | THB 3.16bn | THB 2.70bn |
| Diluted earnings per share | 1.37 | 1.60 | 1.92 | 1.87 | 1.44 | 1.34 | 0.98 | 1.23 | 1.00 | 0.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 85.66bn | THB 84.89bn | THB 83.94bn | THB 68.23bn | THB 60.41bn | THB 58.72bn | THB 58.79bn | THB 49.28bn | THB 43.94bn | THB 37.79bn |
| Cash and short-term investments | THB 1.86bn | THB 2.57bn | THB 2.04bn | THB 1.65bn | THB 2.07bn | THB 2.74bn | THB 570.2m | THB 951.3m | THB 1.06bn | THB 1.09bn |
| Total liabilities | THB 39.58bn | THB 41.25bn | THB 43.21bn | THB 31.50bn | THB 27.99bn | THB 29.46bn | THB 32.50bn | THB 24.90bn | THB 22.30bn | THB 18.37bn |
| Debt | THB 31.35bn | THB 33.14bn | THB 34.39bn | THB 23.13bn | THB 21.38bn | THB 23.50bn | THB 27.61bn | THB 20.28bn | THB 18.40bn | THB 14.74bn |
| Shareholders' equity | THB 46.09bn | THB 43.66bn | THB 40.76bn | THB 36.75bn | THB 32.44bn | THB 29.28bn | THB 26.31bn | THB 24.39bn | THB 21.64bn | THB 19.42bn |
| Shares outstanding | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m | 3,146m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.08bn | THB 3.08bn | −THB 10.84bn | −THB 1.90bn | THB 2.03bn | THB 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 flow | THB 3.04bn | THB 3.03bn | −THB 10.92bn | −THB 2.04bn | THB 1.91bn | THB 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 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 10.78bn | THB 9.55bn | THB 10.58bn | THB 9.12bn | THB 9.94bn | THB 7.70bn | THB 9.31bn | THB 9.95bn |
| Gross profit | THB 3.31bn | THB 2.81bn | THB 3.33bn | THB 2.92bn | THB 3.05bn | THB 2.58bn | THB 3.12bn | THB 3.30bn |
| Operating income | THB 1.44bn | THB 1.22bn | THB 1.54bn | THB 1.21bn | THB 1.29bn | THB 1.09bn | THB 1.59bn | THB 1.86bn |
| Net income | THB 1.06bn | THB 903.5m | THB 1.29bn | THB 1.15bn | THB 1.01bn | THB 863.7m | THB 1.29bn | THB 1.45bn |
| Diluted earnings per share | 0.34 | 0.29 | 0.41 | 0.37 | 0.32 | 0.27 | 0.41 | 0.46 |
| Cash from operations | THB 996.0m | −THB 646.0m | THB 2.11bn | THB 437.0m | THB 208.0m | −THB 221.0m | THB 508.0m | THB 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 flow | THB 988.0m | −THB 661.0m | THB 2.10bn | THB 412.0m | THB 203.0m | −THB 225.0m | THB 498.0m | THB 2.68bn |
| Total assets | THB 88.09bn | THB 87.65bn | THB 85.66bn | THB 86.24bn | THB 86.79bn | THB 85.09bn | THB 84.89bn | THB 83.84bn |
| Cash and short-term investments | THB 3.05bn | THB 2.68bn | THB 1.86bn | THB 1.76bn | THB 2.86bn | THB 2.33bn | THB 2.57bn | THB 2.37bn |
| Debt | THB 11.66bn | THB 32.50bn | THB 31.36bn | THB 33.26bn | THB 34.74bn | THB 32.57bn | THB 33.07bn | THB 33.50bn |
| Shareholders' equity | THB 46.40bn | THB 46.98bn | THB 46.09bn | THB 44.80bn | THB 43.65bn | THB 44.53bn | THB 43.66bn | THB 42.37bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 31.6% | 34.3% | 36.5% | 33.9% | 32.4% | 31.6% |
| Operating margin | 13.2% | 17.8% | 17.3% | 15.5% | 14.7% | 17.5% |
| Net margin | 11.6% | 13.6% | 15.9% | 15.3% | 14.3% | 14.1% |
| Return on equity | 9.4% | 11.5% | 14.9% | 16.0% | 14.0% | 14.4% |
| Return on assets | 5.0% | 5.9% | 7.2% | 8.6% | 7.5% | 7.2% |
| Free cash flow yield | 12.5% | 12.5% | -43.0% | -7.1% | 8.6% | 29.8% |
| Revenue growth | 1.0% | -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 ratio | 4.42x | 4.02x | 3.50x | 3.79x | 4.10x | 3.76x |
| Debt to equity | 0.68x | 0.76x | 0.84x | 0.62x | 0.65x | 0.79x |
| Equity ratio | 53.8% | 51.4% | 48.6% | 53.9% | 53.7% | 49.9% |
| Interest coverage | 7.86x | 9.29x | 25.17x | 57.51x | 18.28x | 14.26x |
| 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 years | 5 years | 10 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 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.9% | 34.1% | 33.5% | 33.8% |
| Operating margin | 15.5% | 16.0% | 16.0% | 15.7% |
| Net margin | 12.6% | 14.1% | 14.1% | 13.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.3 | 5.1 | 5.9 | 6.2 | 6.6 | 5.4 | 7.6 | 4.9 | 9.1 | 8.7 |
| Price to sales | 0.7 | 0.7 | 0.9 | 0.9 | 0.9 | 0.8 | 1.0 | 0.7 | 1.3 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.52 | 0.60 | 0.70 | 0.65 | 0.50 | 0.45 | 0.40 | 0.40 |
- 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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