4.22
-3.21%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.36bn
FY2017FY2025
Net income
THB 56.2m
FY2017FY2025
Free cash flow
THB 71.6m
FY2017FY2025
Shareholders' equity
THB 2.85bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.36bn | THB 2.50bn | THB 2.41bn | THB 804.7m | THB 377.0m | THB 311.8m | THB 310.4m | THB 211.0m | THB 142.3m |
| Operating income | THB 61.0m | THB 217.0m | THB 313.5m | THB 149.0m | THB 84.1m | THB 16.6m | THB 64.3m | THB 33.7m | THB 14.7m |
| Net income | THB 56.2m | THB 154.5m | THB 244.4m | THB 138.6m | THB 82.1m | THB 23.6m | THB 63.5m | THB 33.0m | THB 14.4m |
| Diluted earnings per share | 0.21 | 0.58 | 0.88 | 0.52 | 0.41 | 0.12 | 0.24 | 0.12 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.77bn | THB 4.00bn | THB 3.99bn | THB 3.89bn | THB 761.5m | THB 279.1m | THB 196.8m | THB 138.4m | THB 110.1m |
| Cash and short-term investments | THB 172.7m | THB 326.9m | THB 284.8m | THB 263.6m | THB 502.0m | THB 125.3m | THB 57.8m | THB 8.7m | THB 6.5m |
| Total liabilities | THB 908.8m | THB 1.12bn | THB 1.19bn | THB 1.34bn | THB 142.6m | THB 201.0m | THB 76.7m | THB 68.5m | THB 65.0m |
| Debt | THB 260.8m | THB 363.3m | THB 506.1m | THB 564.2m | THB 35.4m | THB 36.0m | THB 73,126 | THB 788,685 | THB 11.7m |
| Shareholders' equity | THB 2.85bn | THB 2.86bn | THB 2.78bn | THB 2.55bn | THB 618.9m | THB 78.1m | THB 120.1m | THB 69.8m | THB 45.1m |
| Shares outstanding | 265m | 265m | 278m | 265m | 200m | 200m | 265m | 265m | 265m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 80.5m | THB 389.2m | THB 171.3m | THB 36.9m | THB 27.4m | THB 65.1m | THB 73.8m | — | — |
| Capital spending | −THB 8.9m | −THB 88.9m | −THB 27.7m | −THB 19.8m | −THB 9.0m | −THB 1.4m | −THB 6.4m | — | — |
| Free cash flow | THB 71.6m | THB 300.3m | THB 143.6m | THB 17.2m | THB 18.3m | THB 63.7m | THB 67.4m | — | — |
| Dividends paid | −THB 63.4m | −THB 60.9m | −THB 1.2m | −THB 11.9m | −THB 138.7m | −THB 23.4m | −THB 13.2m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 565.9m | THB 602.5m | THB 609.8m | THB 598.0m | THB 558.4m | THB 591.3m | THB 706.0m | THB 610.4m |
| Operating income | −THB 34.5m | −THB 63.8m | THB 15.7m | THB 24.4m | THB 16.3m | THB 31.7m | THB 57.0m | THB 55.9m |
| Net income | −THB 28.2m | −THB 68.9m | THB 16.7m | THB 13.0m | THB 6.6m | THB 19.9m | THB 44.3m | THB 44.2m |
| Diluted earnings per share | -0.11 | -0.26 | 0.06 | 0.05 | 0.02 | 0.08 | 0.17 | 0.17 |
| Cash from operations | −THB 52.0m | −THB 52.0m | THB 115.0m | THB 20.0m | −THB 58.0m | THB 15.0m | THB 83.0m | THB 144.0m |
| Capital spending | −THB 1.0m | −THB 3.0m | −THB 3.0m | −THB 6.0m | −THB 7.0m | −THB 7.0m | −THB 23.0m | −THB 8.0m |
| Free cash flow | −THB 53.0m | −THB 55.0m | THB 112.0m | THB 14.0m | −THB 65.0m | THB 8.0m | THB 60.0m | THB 136.0m |
| Total assets | THB 3.84bn | THB 3.85bn | THB 3.77bn | THB 3.81bn | THB 3.85bn | THB 4.02bn | THB 4.00bn | THB 4.06bn |
| Cash and short-term investments | THB 144.4m | THB 143.6m | THB 172.7m | THB 133.7m | THB 161.2m | THB 300.1m | THB 326.9m | THB 300.3m |
| Debt | THB 347.8m | THB 262.0m | THB 239.9m | THB 277.8m | THB 301.9m | THB 308.8m | THB 325.6m | THB 340.3m |
| Shareholders' equity | THB 2.75bn | THB 2.78bn | THB 2.85bn | THB 2.83bn | THB 2.82bn | THB 2.88bn | THB 2.86bn | THB 2.83bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.6% | 8.7% | 13.0% | 18.5% | 22.3% | 5.3% |
| Net margin | 2.4% | 6.2% | 10.1% | 17.2% | 21.8% | 7.6% |
| Return on equity | 2.0% | 5.4% | 8.8% | 5.4% | 13.3% | 30.3% |
| Return on assets | 1.5% | 3.9% | 6.1% | 3.6% | 10.8% | 8.5% |
| Free cash flow yield | 7.8% | 41.6% | 16.5% | 4.9% | 4.2% | 7.7% |
| Revenue growth | -5.5% | 3.6% | 199.4% | 113.5% | 20.9% | 0.4% |
| Earnings growth | -63.6% | -36.8% | 76.3% | 68.8% | 247.4% | -62.7% |
| Current ratio | 2.01x | 1.86x | 1.56x | 1.66x | 7.74x | 1.45x |
| Debt to equity | 0.08x | 0.11x | 0.17x | 0.20x | 0.01x | 0.04x |
| Equity ratio | 75.6% | 71.5% | 69.8% | 65.6% | 81.3% | 28.0% |
| Interest coverage | 3.38x | 8.52x | 9.95x | 33.82x | 43.43x | 8.38x |
| Buybacks as a share of market value | 0.0% | 4.8% | -5.0% | -32.4% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 43.1% | 49.9% | — |
| Operating income | -25.7% | 29.8% | — |
| Net income | -26.0% | 18.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 21.9 | 20.6 | 33.5 | 105.9 | 94.6 |
| Price to sales | 0.5 | 1.3 | 3.4 | 18.2 | 20.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.24 | 0.23 | 0.005 | 0.055 |
- 11-for-10 split · 3 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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