5.80
+2.65%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.36bn
FY2016FY2025
Net income
−THB 1.1m
FY2016FY2025
Free cash flow
THB 132.1m
FY2016FY2025
Shareholders' equity
THB 5.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.36bn | THB 1.28bn | THB 1.19bn | THB 924.3m | THB 599.8m | THB 810.5m | THB 1.36bn | THB 1.34bn | THB 1.32bn | THB 1.28bn |
| Operating income | THB 65.1m | THB 135.3m | THB 63.5m | THB 34.6m | −THB 78.5m | THB 14.0m | THB 61.1m | THB 111.5m | THB 88.4m | THB 52.1m |
| Net income | −THB 1.1m | −THB 2.2m | −THB 54.3m | −THB 112.3m | −THB 210.6m | −THB 122.3m | −THB 55.6m | THB 3.1m | THB 153.4m | THB 3.5m |
| Diluted earnings per share | -0.00 | -0.01 | -0.17 | -0.35 | -0.66 | -0.38 | -0.17 | 0.01 | 0.48 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 11.64bn | THB 10.14bn | THB 10.23bn | THB 10.46bn | THB 10.50bn | THB 9.57bn | THB 9.47bn | THB 9.68bn | THB 9.30bn | THB 9.16bn |
| Cash and short-term investments | THB 474.2m | THB 90.1m | THB 139.0m | THB 181.4m | THB 113.6m | THB 107.4m | THB 51.3m | THB 57.6m | THB 67.2m | THB 80.7m |
| Total liabilities | THB 5.72bn | THB 4.13bn | THB 4.16bn | THB 4.36bn | THB 4.43bn | THB 4.23bn | THB 4.00bn | THB 4.08bn | THB 3.62bn | THB 3.62bn |
| Debt | THB 2.68bn | THB 2.38bn | THB 2.44bn | THB 2.60bn | THB 2.66bn | THB 2.66bn | THB 2.38bn | THB 2.48bn | THB 2.04bn | THB 2.04bn |
| Shareholders' equity | THB 5.77bn | THB 5.86bn | THB 5.90bn | THB 5.93bn | THB 5.92bn | THB 5.18bn | THB 5.31bn | THB 5.43bn | THB 5.50bn | THB 5.39bn |
| Shares outstanding | 320m | 320m | 320m | 320m | 320m | 320m | 320m | 320m | 320m | 320m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 259.5m | THB 435.4m | THB 359.9m | THB 307.8m | THB 185.2m | THB 239.9m | THB 406.1m | THB 588.7m | THB 444.7m | THB 392.3m |
| Capital spending | −THB 127.4m | −THB 221.5m | −THB 60.4m | −THB 27.8m | −THB 18.2m | −THB 42.3m | −THB 106.1m | −THB 778.3m | −THB 267.3m | −THB 131.5m |
| Free cash flow | THB 132.1m | THB 213.9m | THB 299.5m | THB 280.0m | THB 167.0m | THB 197.5m | THB 300.0m | −THB 189.7m | THB 177.5m | THB 260.8m |
| Dividends paid | −THB 68.5m | −THB 41.6m | — | — | — | −THB 16.0m | −THB 25.6m | −THB 73.7m | −THB 48.4m | −THB 66.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 320.6m | THB 377.7m | THB 394.0m | THB 321.6m | THB 306.2m | THB 342.7m | THB 325.7m | THB 326.4m |
| Operating income | −THB 11.1m | THB 41.5m | THB 45.6m | THB 32.7m | THB 13.3m | THB 51.6m | THB 33.3m | THB 33.1m |
| Net income | −THB 28.7m | THB 21.1m | THB 3.8m | −THB 5.5m | −THB 14.5m | THB 15.0m | THB 2.6m | −THB 3.0m |
| Diluted earnings per share | -0.09 | 0.07 | 0.01 | -0.02 | -0.05 | 0.05 | 0.01 | -0.01 |
| Cash from operations | THB 23.0m | THB 105.0m | THB 100.0m | THB 82.0m | THB 74.0m | THB 116.0m | THB 134.0m | THB 97.0m |
| Capital spending | −THB 35.0m | −THB 26.0m | −THB 33.0m | −THB 34.0m | −THB 26.0m | −THB 28.0m | −THB 90.0m | −THB 73.0m |
| Free cash flow | −THB 12.0m | THB 79.0m | THB 67.0m | THB 48.0m | THB 48.0m | THB 88.0m | THB 44.0m | THB 24.0m |
| Total assets | THB 10.12bn | THB 10.21bn | THB 11.64bn | THB 9.98bn | THB 10.01bn | THB 10.22bn | THB 10.14bn | THB 10.15bn |
| Cash and short-term investments | THB 288.4m | THB 356.8m | THB 474.2m | THB 64.4m | THB 69.8m | THB 210.1m | THB 90.1m | THB 123.6m |
| Debt | THB 2.31bn | THB 2.34bn | THB 2.48bn | THB 2.11bn | THB 2.13bn | THB 2.26bn | THB 2.17bn | THB 2.22bn |
| Shareholders' equity | THB 5.76bn | THB 5.80bn | THB 5.77bn | THB 5.79bn | THB 5.80bn | THB 5.87bn | THB 5.86bn | THB 5.83bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.8% | 10.1% | 6.0% | 3.7% | -13.9% | 0.2% |
| Net margin | -0.1% | -0.2% | -4.6% | -12.1% | -35.1% | -15.1% |
| Return on equity | -0.0% | -0.0% | -0.9% | -1.9% | -3.6% | -2.4% |
| Return on assets | -0.0% | -0.0% | -0.5% | -1.1% | -2.0% | -1.3% |
| Free cash flow yield | 21.4% | 36.3% | 23.2% | 18.6% | 11.2% | 15.6% |
| Revenue growth | 7.0% | 7.3% | 28.6% | 54.1% | -26.0% | -40.2% |
| Earnings growth | -48.3% | -96.0% | -51.7% | -46.7% | 72.2% | 120.0% |
| Current ratio | 0.60x | 0.55x | 0.70x | 0.76x | 0.40x | 0.48x |
| Debt to equity | 0.43x | 0.37x | 0.38x | 0.40x | 0.41x | 0.47x |
| Equity ratio | 49.5% | 57.8% | 57.6% | 56.7% | 56.3% | 54.2% |
| Interest coverage | 0.46x | 0.93x | 0.48x | 0.23x | -0.69x | 0.01x |
| 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 | 13.9% | 11.0% | -0.0% |
| Operating income | 23.5% | 36.1% | -17.0% |
| Net income | -78.4% | -60.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.6% | 6.3% | 3.8% | 7.5% |
| Net margin | -0.1% | -3.6% | -8.2% | -0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1530.9 | -953.5 | -37.1 | -21.5 | -8.6 | -12.7 | -31.9 | — | 14.2 | — |
| Price to sales | 1.3 | 1.6 | 1.7 | 2.6 | 3.0 | 1.9 | 1.3 | 1.5 | 1.6 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.214 | 0.13 | 0.08 | 0.225 | 0.145 | 0.20 | 0.35 | 0.40 |
- 10-for-1 split · 11 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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