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Bangkok Airways PCL BA.BK · THB

Industrials · SET · 🇹🇭 Thailand

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18.50

-1.07%

Close of 9 Nov 2026, in THB

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At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 24.10bn

FY2016FY2025

Net income

THB 3.55bn

FY2016FY2025

Free cash flow

THB 4.05bn

FY2016FY2025

Shareholders' equity

THB 13.22bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 24.10bnTHB 24.00bnTHB 19.68bnTHB 11.30bnTHB 2.72bnTHB 7.67bnTHB 23.96bnTHB 25.16bnTHB 24.93bnTHB 24.69bn
Gross profitTHB 6.91bnTHB 6.68bnTHB 3.99bn−THB 218.8m−THB 3.40bn−THB 3.19bnTHB 1.64bnTHB 2.82bnTHB 2.84bnTHB 5.61bn
Operating incomeTHB 3.63bnTHB 5.40bnTHB 3.09bn−THB 1.01bn−THB 7.46bn−THB 4.18bnTHB 2.39bnTHB 2.11bnTHB 41.8mTHB 3.05bn
Net incomeTHB 3.55bnTHB 3.79bnTHB 3.11bn−THB 2.13bn−THB 8.60bn−THB 5.33bnTHB 350.8mTHB 249.3mTHB 787.9mTHB 1.77bn
Diluted earnings per share1.711.801.48-1.01-4.11-2.590.170.120.380.84

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 50.40bnTHB 55.92bnTHB 57.88bnTHB 62.25bnTHB 48.94bnTHB 50.60bnTHB 61.91bnTHB 62.07bnTHB 57.94bnTHB 60.29bn
Cash and short-term investmentsTHB 10.02bnTHB 13.55bnTHB 13.63bnTHB 6.65bnTHB 2.13bnTHB 2.18bnTHB 9.32bnTHB 7.65bnTHB 10.00bnTHB 10.67bn
Total liabilitiesTHB 37.13bnTHB 40.06bnTHB 40.97bnTHB 45.48bnTHB 35.78bnTHB 31.00bnTHB 31.90bnTHB 31.29bnTHB 29.56bnTHB 28.30bn
DebtTHB 10.42bnTHB 13.35bnTHB 14.71bnTHB 18.83bnTHB 27.43bnTHB 21.34bnTHB 17.69bnTHB 17.59bnTHB 16.60bnTHB 15.52bn
Shareholders' equityTHB 13.22bnTHB 15.93bnTHB 16.98bnTHB 16.82bnTHB 13.20bnTHB 19.59bnTHB 29.95bnTHB 30.71bnTHB 28.31bnTHB 31.91bn
Shares outstanding2,074m2,100m2,100m2,100m2,090m2,060m2,060m2,063m2,100m2,100m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 5.12bnTHB 6.52bnTHB 5.55bnTHB 1.57bn−THB 2.17bn−THB 4.27bnTHB 1.18bnTHB 1.90bnTHB 762.1mTHB 3.49bn
Capital spending−THB 1.06bn−THB 1.19bn−THB 537.9m−THB 220.4m−THB 80.2m−THB 664.0m−THB 2.10bn−THB 2.47bn−THB 1.39bn−THB 1.94bn
Free cash flowTHB 4.05bnTHB 5.33bnTHB 5.01bnTHB 1.35bn−THB 2.25bn−THB 4.93bn−THB 929.1m−THB 569.2m−THB 623.3mTHB 1.56bn
Dividends paid−THB 2.52bn−THB 2.31bn−THB 1.05bn−THB 7,787−THB 8,432−THB 203.4m−THB 164.8m−THB 630.0m−THB 1.05bn−THB 1.47bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 5.22bnTHB 7.26bnTHB 5.68bnTHB 5.87bnTHB 5.13bnTHB 7.42bnTHB 5.65bnTHB 5.94bn
Gross profitTHB 773.1mTHB 3.10bnTHB 1.14bnTHB 1.74bnTHB 1.13bnTHB 2.98bnTHB 1.06bnTHB 1.61bn
Operating income−THB 290.7mTHB 2.15bnTHB 431.4mTHB 937.7mTHB 779.5mTHB 2.37bnTHB 792.8mTHB 1.40bn
Net incomeTHB 330.9mTHB 2.09bnTHB 431.6mTHB 1.04bnTHB 401.7mTHB 1.67bnTHB 531.0mTHB 671.2m
Diluted earnings per share0.161.010.210.500.190.810.250.32
Cash from operationsTHB 1.28bnTHB 2.20bnTHB 1.08bnTHB 1.03bnTHB 770.0mTHB 2.63bnTHB 1.46bnTHB 580.0m
Capital spending−THB 221.0m−THB 150.0m−THB 360.0m−THB 360.0m−THB 89.0m−THB 272.0m−THB 244.0m−THB 142.0m
Free cash flowTHB 1.06bnTHB 2.05bnTHB 717.0mTHB 672.0mTHB 681.0mTHB 2.36bnTHB 1.22bnTHB 438.0m
Total assetsTHB 51.66bnTHB 51.98bnTHB 50.40bnTHB 50.16bnTHB 51.00bnTHB 53.98bnTHB 55.92bnTHB 59.44bn
Cash and short-term investmentsTHB 9.35bnTHB 11.14bnTHB 10.02bnTHB 9.16bnTHB 10.08bnTHB 12.00bnTHB 13.55bnTHB 13.01bn
DebtTHB 3.93bnTHB 9.87bnTHB 11.44bnTHB 9.71bnTHB 10.02bnTHB 10.78bnTHB 11.93bnTHB 12.10bn
Shareholders' equityTHB 14.27bnTHB 15.15bnTHB 13.22bnTHB 14.03bnTHB 14.10bnTHB 15.87bnTHB 15.93bnTHB 19.01bn

Financial ratios

Data as of 20 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin28.7%27.9%20.3%-1.9%-125.1%-41.6%
Operating margin15.0%22.5%15.7%-8.9%-274.5%-54.5%
Net margin14.7%15.8%15.8%-18.8%-316.5%-69.5%
Return on equity26.8%23.8%18.3%-12.6%-65.2%-27.2%
Return on assets7.0%6.8%5.4%-3.4%-17.6%-10.5%
Free cash flow yield12.9%16.3%13.8%3.9%-5.4%-10.8%
Revenue growth0.4%21.9%74.1%316.1%-64.6%-68.0%
Earnings growth-6.3%21.8%-246.3%-75.3%61.4%-1618.6%
Current ratio1.00x1.36x1.47x0.50x0.13x0.31x
Debt to equity0.79x0.75x0.76x1.09x1.92x0.43x
Equity ratio26.2%28.5%29.3%27.0%27.0%38.7%
Interest coverage1.81x2.58x1.42x-0.68x-5.90x-3.74x
Buybacks as a share of market value1.2%0.0%0.0%-0.5%-1.5%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue28.7%25.7%0.4%
Operating income——4.5%
Net income——7.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin28.3%22.0%12.0%13.5%
Operating margin18.8%14.0%-0.6%4.4%
Net margin15.3%10.5%-6.3%-0.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings8.712.410.6-13.2-2.4-2.540.896.045.627.0
Price to sales1.32.01.72.57.51.70.60.91.41.9

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 9 Sept 2026.

FY2026FY2025FY2024FY2023FY2020FY2019FY2018FY2017
Paid in the year1.251.201.100.500.100.080.300.20

Sources and methodology

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

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