3.22
+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 17.36bn
FY2016FY2025
Net income
THB 6.39bn
FY2016FY2025
Free cash flow
−THB 4.05bn
FY2016FY2025
Shareholders' equity
THB 95.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 17.36bn | THB 15.90bn | THB 13.98bn | THB 9.53bn | THB 4.49bn | THB 6.01bn | THB 11.41bn | THB 11.53bn | THB 10.48bn | THB 9.00bn |
| Operating income | THB 4.11bn | THB 8.91bn | THB 8.08bn | THB 6.07bn | THB 2.60bn | −THB 1.20bn | THB 3.17bn | THB 2.93bn | THB 3.31bn | THB 2.61bn |
| Net income | THB 6.39bn | THB 5.85bn | THB 5.04bn | THB 3.85bn | THB 861.5m | −THB 1.88bn | THB 1.05bn | THB 469.6m | THB 55.4m | THB 1.47bn |
| Diluted earnings per share | 0.20 | 0.18 | 0.16 | 0.12 | 0.03 | -0.06 | 0.03 | 0.02 | 0.00 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 204.20bn | THB 185.96bn | THB 172.44bn | THB 156.45bn | THB 138.90bn | THB 124.47bn | THB 109.16bn | THB 93.04bn | THB 133.05bn | THB 87.94bn |
| Cash and short-term investments | THB 378.8m | THB 464.4m | THB 509.2m | THB 279.3m | THB 128.3m | THB 229.7m | THB 14.36bn | THB 1.21bn | THB 1.12bn | THB 4.44bn |
| Total liabilities | THB 108.46bn | THB 94.19bn | THB 84.96bn | THB 73.59bn | THB 59.69bn | THB 53.28bn | THB 33.50bn | THB 68.04bn | THB 124.32bn | THB 10.33bn |
| Debt | THB 85.62bn | THB 78.02bn | THB 70.83bn | THB 66.51bn | THB 50.09bn | THB 45.16bn | THB 36.72bn | THB 71.58bn | THB 120.17bn | THB 5.11bn |
| Shareholders' equity | THB 95.74bn | THB 91.78bn | THB 87.48bn | THB 82.86bn | THB 79.21bn | THB 71.19bn | THB 75.66bn | THB 25.01bn | THB 7.86bn | THB 41.25bn |
| Shares outstanding | 32,061m | 32,047m | 32,013m | 32,001m | 31,936m | 31,936m | 32,000m | 24,000m | 32,000m | 32,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.45bn | THB 5.73bn | THB 5.49bn | THB 2.99bn | THB 13.9m | THB 677.1m | THB 5.36bn | THB 4.31bn | THB 5.03bn | THB 4.44bn |
| Capital spending | −THB 7.50bn | −THB 5.36bn | −THB 2.80bn | −THB 7.71bn | −THB 2.76bn | −THB 2.15bn | −THB 1.35bn | −THB 863.8m | −THB 844.1m | −THB 2.24bn |
| Free cash flow | −THB 4.05bn | THB 360.8m | THB 2.68bn | −THB 4.72bn | −THB 2.74bn | −THB 1.47bn | THB 4.02bn | THB 3.44bn | THB 4.19bn | THB 2.21bn |
| Dividends paid | −THB 2.40bn | −THB 1.60bn | −THB 1.02bn | −THB 344.3m | −THB 344.3m | −THB 400.0m | −THB 400.0m | −THB 400.0m | −THB 400.0m | −THB 4.16bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.88bn | THB 5.20bn | THB 4.97bn | THB 4.08bn | THB 3.67bn | THB 4.63bn | THB 4.41bn | THB 3.77bn |
| Operating income | THB 611.3m | THB 1.35bn | THB 1.28bn | THB 1.92bn | THB 2.19bn | THB 2.92bn | THB 2.62bn | THB 1.80bn |
| Net income | THB 1.47bn | THB 1.99bn | THB 1.87bn | THB 1.15bn | THB 1.40bn | THB 1.97bn | THB 1.86bn | THB 1.14bn |
| Diluted earnings per share | 0.05 | 0.06 | 0.06 | 0.04 | 0.04 | 0.06 | 0.06 | 0.04 |
| Cash from operations | THB 550.0m | THB 1.42bn | THB 1.65bn | THB 1.14bn | THB 784.0m | THB 1.75bn | THB 1.57bn | THB 1.70bn |
| Capital spending | −THB 880.0m | −THB 783.0m | −THB 1.28bn | −THB 1.11bn | −THB 1.20bn | −THB 4.04bn | −THB 1.48bn | −THB 1.82bn |
| Free cash flow | −THB 330.0m | THB 635.0m | THB 375.0m | THB 33.0m | −THB 411.0m | −THB 2.29bn | THB 89.0m | −THB 121.0m |
| Total assets | THB 208.34bn | THB 205.85bn | THB 204.20bn | THB 201.35bn | THB 198.82bn | THB 196.01bn | THB 185.96bn | THB 181.82bn |
| Cash and short-term investments | THB 311.8m | THB 281.5m | THB 378.8m | THB 264.9m | THB 362.7m | THB 426.8m | THB 464.4m | THB 297.5m |
| Debt | THB 21.48bn | THB 85.29bn | THB 85.62bn | THB 85.76bn | THB 85.03bn | THB 81.20bn | THB 73.53bn | THB 72.37bn |
| Shareholders' equity | THB 96.55bn | THB 97.82bn | THB 95.74bn | THB 93.75bn | THB 92.41bn | THB 93.55bn | THB 91.78bn | THB 89.67bn |
Financial ratios
Data as of 13 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 23.7% | 56.1% | 57.8% | 63.7% | 58.0% | -19.9% |
| Net margin | 36.8% | 36.8% | 36.0% | 40.4% | 19.2% | -31.3% |
| Return on equity | 6.7% | 6.4% | 5.8% | 4.7% | 1.1% | -2.6% |
| Return on assets | 3.1% | 3.1% | 2.9% | 2.5% | 0.6% | -1.5% |
| Free cash flow yield | 11.2% | 11.3% | 8.5% | 10.9% | 2.8% | 2.9% |
| Revenue growth | 9.1% | 13.7% | 46.7% | 112.4% | -25.3% | -47.3% |
| Earnings growth | 9.2% | 16.1% | 30.7% | 347.4% | -145.8% | -278.4% |
| Current ratio | 0.06x | 0.05x | 0.09x | 0.15x | 0.16x | 0.32x |
| Debt to equity | 0.89x | 0.80x | 0.76x | 0.72x | 0.60x | 0.61x |
| Equity ratio | 46.9% | 49.4% | 50.7% | 53.0% | 57.0% | 57.2% |
| Interest coverage | 2.08x | 4.75x | 4.79x | 4.78x | 2.16x | -1.05x |
| Buybacks as a share of market value | -0.0% | -0.1% | -0.0% | -0.2% | -0.0% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.1% | 23.6% | — |
| Operating income | -12.2% | — | — |
| Net income | 18.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 10.6 | 19.3 | 22.6 | 52.3 | 172.0 | -77.4 | 177.6 |
| Price to sales | 3.9 | 7.1 | 8.2 | 21.1 | 33.0 | 24.2 | 16.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.075 | 0.05 | 0.032 | 0.011 | 0.013 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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