B 
44.00
+1.73%
Close of 9 Nov 2026, in THB
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in THB, from our data supplier.
Revenue
THB 506.26bn
FY2016FY2025
Net income
THB 2.88bn
FY2016FY2025
Free cash flow
THB 12.04bn
FY2016FY2025
Shareholders' equity
THB 66.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 506.26bn | THB 575.85bn | THB 385.85bn | THB 312.20bn | THB 199.42bn | THB 136.45bn | THB 190.49bn | THB 192.03bn | THB 172.14bn | THB 144.71bn |
| Gross profit | THB 26.91bn | THB 15.81bn | THB 33.74bn | THB 46.27bn | THB 23.67bn | THB 4.33bn | THB 10.23bn | THB 11.39bn | THB 13.49bn | THB 11.90bn |
| Research and development | — | — | — | THB 201 | — | — | — | — | — | — |
| Operating income | THB 9.82bn | THB 25.86bn | THB 25.27bn | THB 32.20bn | THB 15.64bn | −THB 5.55bn | THB 3.56bn | THB 4.67bn | THB 8.44bn | THB 6.23bn |
| Net income | THB 2.88bn | THB 2.18bn | THB 13.23bn | THB 12.58bn | THB 7.62bn | −THB 5.77bn | THB 2.49bn | THB 2.46bn | THB 5.78bn | THB 4.77bn |
| Diluted earnings per share | 2.08 | 1.59 | 9.61 | 9.26 | 5.61 | -4.25 | 1.81 | 1.79 | 4.20 | 3.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 298.81bn | THB 316.54bn | THB 340.43bn | THB 242.34bn | THB 201.79bn | THB 148.32bn | THB 127.79bn | THB 117.37bn | THB 114.11bn | THB 101.78bn |
| Cash and short-term investments | THB 30.37bn | THB 29.41bn | THB 37.82bn | THB 46.62bn | THB 31.53bn | THB 20.97bn | THB 7.56bn | THB 11.81bn | THB 10.33bn | THB 21.01bn |
| Total liabilities | THB 214.66bn | THB 230.07bn | THB 240.40bn | THB 158.97bn | THB 132.23bn | THB 90.01bn | THB 68.97bn | THB 67.83bn | THB 61.98bn | THB 57.87bn |
| Debt | THB 133.83bn | THB 138.68bn | THB 140.48bn | THB 93.02bn | THB 89.26bn | THB 71.14bn | THB 48.07bn | THB 50.50bn | THB 40.94bn | THB 39.62bn |
| Shareholders' equity | THB 66.94bn | THB 59.74bn | THB 72.11bn | THB 62.70bn | THB 53.47bn | THB 46.37bn | THB 51.60bn | THB 42.71bn | THB 45.65bn | THB 39.54bn |
| Shares outstanding | 1,385m | 1,377m | 1,377m | 1,358m | 1,358m | 1,358m | 1,373m | 1,377m | 1,377m | 1,377m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 31.51bn | THB 32.12bn | THB 45.50bn | THB 19.44bn | THB 16.98bn | THB 6.34bn | THB 6.75bn | THB 5.95bn | THB 13.85bn | THB 13.29bn |
| Capital spending | −THB 19.47bn | −THB 22.25bn | −THB 13.01bn | −THB 9.90bn | −THB 10.89bn | −THB 5.99bn | −THB 8.49bn | −THB 8.81bn | −THB 6.73bn | −THB 10.31bn |
| Free cash flow | THB 12.04bn | THB 9.86bn | THB 32.50bn | THB 9.54bn | THB 6.09bn | THB 346.4m | −THB 1.74bn | −THB 2.86bn | THB 7.12bn | THB 2.97bn |
| Dividends paid | −THB 1.05bn | −THB 3.98bn | −THB 2.56bn | −THB 3.05bn | −THB 2.67bn | −THB 742.6m | −THB 1.76bn | −THB 3.09bn | −THB 3.31bn | −THB 2.75bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 176.55bn | THB 131.19bn | THB 123.21bn | THB 123.23bn | THB 125.58bn | THB 134.23bn | THB 141.81bn | THB 152.90bn |
| Gross profit | THB 16.94bn | THB 15.77bn | THB 7.46bn | THB 8.10bn | THB 2.50bn | THB 8.85bn | THB 5.80bn | THB 2.01bn |
| Operating income | THB 21.57bn | THB 12.29bn | THB 3.20bn | THB 761.4m | −THB 1.14bn | THB 7.75bn | THB 1.87bn | THB 7.11bn |
| Net income | THB 12.24bn | THB 6.14bn | THB 2.22bn | THB 1.11bn | −THB 2.56bn | THB 2.12bn | THB 16.6m | −THB 2.09bn |
| Diluted earnings per share | 8.31 | 4.17 | 1.60 | 0.80 | -1.85 | 1.53 | 0.01 | -1.52 |
| Cash from operations | — | THB 14.82bn | THB 7.03bn | THB 11.58bn | THB 8.52bn | THB 4.38bn | THB 16.51bn | THB 3.85bn |
| Capital spending | — | −THB 5.36bn | −THB 4.47bn | −THB 5.53bn | −THB 5.31bn | −THB 4.16bn | −THB 6.07bn | −THB 3.73bn |
| Free cash flow | — | THB 9.46bn | THB 2.56bn | THB 6.05bn | THB 3.21bn | THB 218.0m | THB 10.44bn | THB 125.0m |
| Total assets | THB 374.76bn | THB 339.84bn | THB 298.81bn | THB 307.31bn | THB 310.70bn | THB 319.39bn | THB 316.54bn | THB 329.44bn |
| Cash and short-term investments | — | THB 25.76bn | THB 30.37bn | THB 28.71bn | THB 31.87bn | THB 30.00bn | THB 29.41bn | THB 33.92bn |
| Debt | THB 81.98bn | THB 29.23bn | THB 124.04bn | THB 123.22bn | THB 130.79bn | THB 128.82bn | THB 129.21bn | THB 134.07bn |
| Shareholders' equity | THB 83.35bn | THB 73.46bn | THB 66.94bn | THB 58.00bn | THB 56.98bn | THB 61.14bn | THB 59.74bn | THB 58.44bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.3% | 2.7% | 8.7% | 14.8% | 11.9% | 3.2% |
| Operating margin | 1.9% | 4.5% | 6.5% | 10.3% | 7.8% | -4.1% |
| Net margin | 0.6% | 0.4% | 3.4% | 4.0% | 3.8% | -4.2% |
| Return on equity | 4.3% | 3.7% | 18.4% | 20.1% | 14.3% | -12.4% |
| Return on assets | 1.0% | 0.7% | 3.9% | 5.2% | 3.8% | -3.9% |
| Free cash flow yield | 64.9% | 69.6% | 74.9% | 38.1% | 36.2% | 16.0% |
| Revenue growth | -12.1% | 49.2% | 23.6% | 56.6% | 46.1% | -28.4% |
| Earnings growth | 31.8% | -83.5% | 5.2% | 64.9% | -232.1% | -331.9% |
| Current ratio | 1.30x | 1.30x | 1.39x | 2.33x | 2.03x | 1.85x |
| Debt to equity | 1.85x | 2.16x | 1.80x | 1.32x | 1.53x | 1.39x |
| Equity ratio | 22.4% | 18.9% | 21.2% | 25.9% | 26.5% | 31.3% |
| Interest coverage | 1.56x | 3.69x | 5.07x | 9.46x | 6.16x | -2.82x |
| R&D as a share of sales | — | — | — | 0.0% | — | — |
| Buybacks as a share of market value | -0.6% | 0.0% | -1.4% | 0.0% | 0.0% | 1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.5% | 30.0% | 12.8% |
| Operating income | -32.7% | — | 3.9% |
| Net income | -38.8% | — | -3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.9% | 6.9% | 7.1% | 7.1% |
| Operating margin | 3.3% | 5.2% | 4.9% | 4.5% |
| Net margin | 0.5% | 1.7% | 1.5% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 22.7 | 4.5 | 3.4 | 4.5 | -4.8 | 15.4 | 17.8 | 9.7 | 9.7 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 7 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 4.05 | 0.45 | 2.10 | 1.50 | 2.25 | 1.40 | 0.30 | 1.00 |
- 1.336-for-1 split · 6 Jul 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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