2.06
+1.98%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.95bn
FY2016FY2025
Net income
−THB 232.7m
FY2016FY2025
Free cash flow
THB 130.1m
FY2016FY2025
Shareholders' equity
THB 2.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.95bn | THB 2.15bn | THB 2.96bn | THB 2.11bn | THB 2.33bn | THB 1.98bn | THB 1.70bn | THB 1.72bn | THB 1.59bn | THB 1.55bn |
| Gross profit | THB 377.7m | THB 570.8m | THB 734.6m | THB 478.0m | THB 679.8m | THB 530.0m | THB 264.0m | THB 378.7m | THB 397.9m | THB 459.7m |
| Operating income | −THB 276.8m | THB 320.0m | THB 494.1m | THB 244.1m | THB 357.2m | THB 332.5m | THB 37.9m | THB 155.7m | THB 177.6m | THB 249.9m |
| Net income | −THB 232.7m | THB 278.3m | THB 388.0m | THB 193.1m | THB 297.2m | THB 319.6m | THB 29.1m | THB 119.5m | THB 141.8m | THB 191.6m |
| Diluted earnings per share | -0.24 | 0.29 | 0.40 | 0.20 | 0.31 | 0.34 | 0.03 | 0.12 | 0.15 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.60bn | THB 3.02bn | THB 2.99bn | THB 2.42bn | THB 2.55bn | THB 1.98bn | THB 1.80bn | THB 1.81bn | THB 1.64bn | THB 1.62bn |
| Cash and short-term investments | THB 261.0m | THB 287.7m | THB 348.6m | THB 329.6m | THB 301.7m | THB 293.1m | THB 366.7m | THB 269.8m | THB 270.8m | THB 259.6m |
| Total liabilities | THB 433.5m | THB 410.3m | THB 504.3m | THB 109.1m | THB 326.8m | THB 131.4m | THB 120.0m | THB 161.1m | THB 113.7m | THB 137.6m |
| Debt | THB 299.5m | THB 191.6m | THB 271.2m | THB 5.0m | THB 141.7m | THB 18.4m | THB 1.3m | THB 2.0m | THB 2.2m | — |
| Shareholders' equity | THB 2.15bn | THB 2.59bn | THB 2.47bn | THB 2.29bn | THB 2.20bn | THB 1.83bn | THB 1.66bn | THB 1.63bn | THB 1.51bn | THB 1.46bn |
| Shares outstanding | 958m | 958m | 958m | 958m | 958m | 930m | 958m | 958m | 958m | 958m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 198.0m | THB 330.4m | THB 297.5m | THB 501.1m | −THB 26.4m | THB 124.0m | THB 282.4m | THB 30.0m | THB 194.3m | THB 119.3m |
| Capital spending | −THB 67.9m | −THB 166.3m | −THB 177.0m | −THB 205.9m | −THB 140.5m | −THB 58.4m | −THB 174.3m | −THB 46.9m | −THB 64.8m | −THB 132.8m |
| Free cash flow | THB 130.1m | THB 164.1m | THB 120.5m | THB 295.3m | −THB 166.8m | THB 65.6m | THB 108.1m | −THB 16.9m | THB 129.6m | −THB 13.5m |
| Dividends paid | −THB 210.8m | −THB 143.8m | −THB 191.6m | −THB 134.1m | −THB 158.0m | −THB 94.3m | −THB 94.3m | −THB 94.3m | −THB 95.8m | −THB 57.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 530.8m | THB 451.2m | THB 455.4m | THB 468.1m | THB 478.5m | THB 550.3m | THB 604.6m | THB 522.9m |
| Gross profit | THB 123.5m | THB 50.5m | THB 72.0m | THB 99.3m | THB 20.2m | THB 114.0m | THB 126.3m | THB 146.7m |
| Operating income | — | THB 654,000 | THB 17.5m | −THB 334.8m | −THB 36.5m | THB 77.8m | THB 68.7m | THB 69.4m |
| Net income | THB 56.2m | THB 11.9m | THB 12.3m | −THB 271.7m | −THB 33.9m | THB 60.7m | THB 91.8m | THB 47.9m |
| Diluted earnings per share | 0.06 | 0.01 | 0.01 | -0.28 | -0.04 | 0.06 | 0.10 | 0.05 |
| Cash from operations | THB 20.0m | THB 55.0m | THB 208.0m | −THB 9.0m | −THB 92.0m | THB 95.0m | THB 171.0m | THB 80.0m |
| Capital spending | −THB 9.0m | −THB 9.0m | −THB 1.0m | −THB 6.0m | −THB 10.0m | −THB 53.0m | −THB 41.0m | −THB 58.0m |
| Free cash flow | THB 11.0m | THB 46.0m | THB 207.0m | −THB 15.0m | −THB 102.0m | THB 42.0m | THB 130.0m | THB 22.0m |
| Total assets | THB 2.68bn | THB 2.60bn | THB 2.60bn | THB 2.66bn | THB 2.99bn | THB 3.21bn | THB 3.02bn | THB 2.95bn |
| Cash and short-term investments | — | THB 211.1m | THB 261.0m | THB 136.4m | THB 146.5m | THB 405.1m | THB 287.7m | THB 146.2m |
| Debt | — | THB 196.3m | THB 295.8m | THB 342.8m | THB 318.0m | THB 257.7m | THB 182.6m | THB 187.4m |
| Shareholders' equity | THB 2.22bn | THB 2.16bn | THB 2.15bn | THB 2.13bn | THB 2.41bn | THB 2.65bn | THB 2.59bn | THB 2.51bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.3% | 26.6% | 24.8% | 22.6% | 29.2% | 26.8% |
| Operating margin | -14.2% | 14.5% | 16.7% | 11.5% | 15.7% | 16.1% |
| Net margin | -11.9% | 13.0% | 13.1% | 9.1% | 12.8% | 16.1% |
| Return on equity | -10.8% | 10.7% | 15.7% | 8.4% | 13.5% | 17.5% |
| Return on assets | -9.0% | 9.2% | 13.0% | 8.0% | 11.7% | 16.1% |
| Free cash flow yield | 13.9% | 25.9% | 24.8% | 36.9% | 6.0% | 9.8% |
| Revenue growth | -9.1% | -27.4% | 39.9% | -9.2% | 17.6% | 16.4% |
| Earnings growth | -183.6% | -28.3% | 100.9% | -35.0% | -7.0% | 996.8% |
| Current ratio | 2.79x | 4.20x | 3.41x | 20.47x | 5.16x | 12.28x |
| Debt to equity | 0.14x | 0.07x | 0.11x | 0.00x | 0.06x | 0.00x |
| Equity ratio | 82.7% | 85.9% | 82.6% | 94.9% | 86.3% | 92.2% |
| Interest coverage | -22.76x | 29.01x | 97.02x | 95.26x | 97.40x | 483.92x |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | -0.0% | -3.1% | 3.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | -0.3% | 4.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.1% | 23.6% | 25.0% | 24.4% |
| Operating margin | 1.1% | 8.5% | 10.9% | 10.4% |
| Net margin | 1.1% | 6.8% | 9.2% | 8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.9 | 14.5 | 11.8 | 25.3 | 23.4 | 6.2 | 25.6 | 9.8 | 12.8 | 12.3 |
| Price to sales | 1.1 | 1.9 | 1.6 | 2.3 | 3.0 | 1.0 | 0.4 | 0.7 | 1.1 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 13 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.22 | 0.15 | 0.20 | 0.14 | 0.17 | 0.10 | 0.10 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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