6.85
-0.72%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.55bn
FY2016FY2025
Net income
THB 855.5m
FY2016FY2025
Free cash flow
THB 1.78bn
FY2016FY2025
Shareholders' equity
THB 28.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.55bn | THB 4.32bn | THB 5.10bn | THB 5.41bn | THB 4.67bn | THB 4.23bn | THB 3.43bn | THB 3.32bn | THB 3.32bn | THB 3.08bn |
| Gross profit | THB 1.39bn | THB 1.83bn | THB 2.54bn | THB 3.43bn | THB 3.06bn | THB 2.79bn | THB 2.47bn | THB 2.35bn | THB 2.35bn | THB 2.26bn |
| Operating income | THB 1.09bn | THB 2.97bn | THB 2.40bn | THB 3.96bn | THB 2.41bn | THB 2.51bn | THB 2.23bn | THB 2.39bn | THB 2.61bn | THB 1.68bn |
| Net income | THB 855.5m | THB 1.82bn | THB 1.10bn | THB 2.63bn | THB 2.01bn | THB 1.91bn | THB 1.80bn | THB 2.22bn | THB 2.02bn | THB 1.54bn |
| Diluted earnings per share | 0.29 | 0.61 | 0.37 | 0.89 | 0.69 | 0.68 | 0.88 | 1.09 | 0.99 | 0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 57.58bn | THB 61.99bn | THB 74.24bn | THB 56.16bn | THB 58.72bn | THB 51.22bn | THB 37.14bn | THB 31.56bn | THB 32.10bn | THB 25.49bn |
| Cash and short-term investments | THB 4.45bn | THB 6.21bn | THB 9.79bn | THB 19.48bn | THB 9.80bn | THB 11.14bn | THB 1.45bn | THB 2.43bn | THB 2.00bn | THB 8.06bn |
| Total liabilities | THB 29.15bn | THB 31.07bn | THB 44.63bn | THB 26.88bn | THB 31.49bn | THB 28.67bn | THB 21.58bn | THB 16.42bn | THB 17.73bn | THB 11.97bn |
| Debt | THB 25.54bn | THB 29.14bn | THB 41.07bn | THB 25.23bn | THB 29.56bn | THB 27.06bn | THB 19.88bn | THB 15.57bn | THB 17.03bn | THB 10.15bn |
| Shareholders' equity | THB 28.17bn | THB 30.71bn | THB 29.56bn | THB 29.22bn | THB 27.16bn | THB 22.48bn | THB 15.51bn | THB 15.14bn | THB 14.37bn | THB 13.52bn |
| Shares outstanding | 2,996m | 2,996m | 2,978m | 2,971m | 2,930m | 2,809m | 2,040m | 2,039m | 2,034m | 2,030m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.12bn | THB 2.15bn | THB 3.23bn | THB 3.04bn | THB 2.43bn | THB 3.08bn | THB 2.12bn | THB 2.47bn | THB 2.35bn | THB 1.96bn |
| Capital spending | −THB 1.33bn | −THB 1.04bn | −THB 651.3m | −THB 1.91bn | −THB 3.35bn | −THB 1.14bn | −THB 1.31bn | −THB 1.50bn | −THB 899.1m | −THB 3.23bn |
| Free cash flow | THB 1.78bn | THB 1.12bn | THB 2.58bn | THB 1.12bn | −THB 922.4m | THB 1.94bn | THB 812.8m | THB 975.1m | THB 1.45bn | −THB 1.27bn |
| Dividends paid | −THB 838.8m | −THB 748.9m | −THB 756.1m | −THB 1.07bn | −THB 882.8m | −THB 639.7m | −THB 1.28bn | −THB 1.28bn | −THB 1.49bn | −THB 776.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 806.7m | THB 1.10bn | THB 943.5m | THB 1.10bn | THB 780.3m | THB 730.9m | THB 920.6m | THB 1.12bn |
| Gross profit | THB 261.4m | THB 231.7m | THB 379.5m | THB 561.8m | THB 250.5m | THB 194.4m | THB 372.6m | THB 586.5m |
| Operating income | THB 83.9m | THB 335.6m | THB 182.3m | THB 425.6m | −THB 237.9m | THB 362.8m | THB 427.3m | THB 340.2m |
| Net income | THB 154.6m | THB 722.3m | THB 727.2m | THB 626.6m | −THB 651.0m | THB 152.6m | THB 163.8m | −THB 28.4m |
| Diluted earnings per share | 0.05 | 0.24 | 0.24 | 0.21 | -0.22 | 0.05 | 0.05 | -0.01 |
| Cash from operations | THB 297.0m | THB 841.0m | THB 908.0m | THB 1.39bn | THB 321.0m | THB 623.0m | THB 944.0m | −THB 273.0m |
| Capital spending | −THB 461.0m | −THB 160.0m | −THB 295.0m | −THB 861.0m | −THB 123.0m | −THB 53.0m | −THB 98.0m | −THB 27.0m |
| Free cash flow | −THB 164.0m | THB 681.0m | THB 613.0m | THB 524.0m | THB 198.0m | THB 570.0m | THB 846.0m | −THB 300.0m |
| Total assets | THB 55.61bn | THB 56.22bn | THB 57.58bn | THB 59.24bn | THB 59.47bn | THB 61.10bn | THB 61.99bn | THB 61.11bn |
| Cash and short-term investments | — | THB 2.71bn | THB 4.45bn | THB 5.80bn | THB 6.97bn | THB 8.11bn | THB 6.21bn | THB 7.67bn |
| Debt | THB 14.91bn | THB 22.82bn | THB 25.54bn | THB 3.70bn | THB 27.71bn | THB 28.32bn | THB 28.46bn | THB 29.56bn |
| Shareholders' equity | THB 28.96bn | THB 29.46bn | THB 28.17bn | THB 28.31bn | THB 28.16bn | THB 30.08bn | THB 30.71bn | THB 28.78bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.0% | 42.4% | 49.8% | 63.4% | 65.6% | 66.1% |
| Operating margin | 30.8% | 68.8% | 47.2% | 73.3% | 51.6% | 59.3% |
| Net margin | 24.1% | 42.1% | 21.7% | 48.7% | 43.1% | 45.2% |
| Return on equity | 3.0% | 5.9% | 3.7% | 9.0% | 7.4% | 8.5% |
| Return on assets | 1.5% | 2.9% | 1.5% | 4.7% | 3.4% | 3.7% |
| Free cash flow yield | 22.0% | 15.8% | 19.3% | 24.7% | 29.2% | 22.3% |
| Revenue growth | -17.8% | -15.2% | -5.7% | 15.8% | 10.4% | 23.5% |
| Earnings growth | -53.0% | 64.8% | -58.0% | 30.8% | 5.2% | 6.2% |
| Current ratio | 1.43x | 3.08x | 1.04x | 6.61x | 2.98x | 3.09x |
| Debt to equity | 0.91x | 0.93x | 1.36x | 0.84x | 1.07x | 1.19x |
| Equity ratio | 48.9% | 49.5% | 39.8% | 52.0% | 46.3% | 43.9% |
| Interest coverage | 0.95x | 1.94x | 1.90x | 4.49x | 2.69x | 3.06x |
| Buybacks as a share of market value | 0.0% | -0.6% | -0.2% | -1.4% | -4.3% | -37.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.0% | -3.4% | 1.6% |
| Operating income | -34.9% | -15.3% | -7.4% |
| Net income | -31.2% | -14.9% | -8.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.9% | 50.0% | 55.1% | 61.8% |
| Operating margin | 51.6% | 56.8% | 56.3% | 61.3% |
| Net margin | 34.0% | 34.9% | 37.9% | 46.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.6 | 9.1 | 23.7 | 11.5 | 17.5 | 20.9 | 18.3 | 14.0 | 24.0 | 18.4 |
| Price to sales | 5.7 | 3.9 | 5.1 | 5.6 | 7.5 | 9.4 | 9.6 | 9.3 | 14.6 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 9 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.28 | 0.25 | 0.26 | 0.368 | 0.266 | 0.153 | 0.323 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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