0.27
0.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 269.0m
FY2016FY2025
Net income
−THB 59.0m
FY2016FY2025
Free cash flow
THB 8.0m
FY2016FY2025
Shareholders' equity
THB 485.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 269.0m | THB 428.2m | THB 433.6m | THB 352.4m | THB 387.6m | THB 769.3m | THB 2.01bn | THB 3.47bn | THB 3.71bn | THB 2.54bn |
| Gross profit | THB 128.3m | THB 194.3m | THB 212.0m | THB 174.5m | THB 164.6m | THB 416.0m | THB 1.21bn | THB 2.26bn | THB 2.52bn | THB 1.71bn |
| Operating income | −THB 57.0m | −THB 46.2m | −THB 33.7m | −THB 80.8m | −THB 94.9m | −THB 78.2m | THB 277.2m | THB 1.20bn | THB 1.51bn | THB 801.8m |
| Net income | −THB 59.0m | −THB 115.8m | −THB 45.7m | −THB 67.7m | −THB 80.8m | −THB 104.9m | THB 232.6m | THB 991.6m | THB 1.23bn | THB 656.0m |
| Diluted earnings per share | -0.02 | -0.04 | -0.02 | -0.02 | -0.03 | -0.04 | 0.08 | 0.33 | 0.41 | 0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 586.4m | THB 689.6m | THB 839.6m | THB 897.4m | THB 974.1m | THB 1.08bn | THB 1.32bn | THB 1.78bn | THB 2.34bn | THB 1.75bn |
| Cash and short-term investments | THB 325.2m | THB 334.6m | THB 127.1m | THB 163.5m | THB 428.0m | THB 425.9m | THB 454.7m | THB 692.8m | THB 1.31bn | THB 896.9m |
| Total liabilities | THB 100.7m | THB 144.8m | THB 179.3m | THB 191.4m | THB 200.5m | THB 234.4m | THB 239.4m | THB 419.9m | THB 630.3m | THB 430.3m |
| Debt | THB 44.4m | THB 71.9m | THB 105.8m | THB 116.7m | THB 115.4m | THB 122.1m | — | THB 113.4m | THB 177.8m | THB 97.8m |
| Shareholders' equity | THB 485.7m | THB 544.7m | THB 660.3m | THB 705.9m | THB 773.6m | THB 847.9m | THB 1.08bn | THB 1.36bn | THB 1.71bn | THB 1.32bn |
| Shares outstanding | 2,994m | 2,994m | 2,994m | 2,994m | 2,994m | 2,994m | 2,994m | 2,995m | 3,007m | 3,001m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 10.3m | THB 18.4m | −THB 279,139 | THB 13.4m | THB 76.7m | THB 159.6m | THB 344.0m | THB 719.1m | THB 1.34bn | THB 703.1m |
| Capital spending | −THB 2.3m | −THB 2.3m | −THB 6.7m | −THB 16.3m | −THB 13.7m | −THB 10.5m | −THB 17.8m | −THB 41.4m | −THB 36.9m | −THB 56.4m |
| Free cash flow | THB 8.0m | THB 16.1m | −THB 7.0m | −THB 3.0m | THB 63.0m | THB 149.2m | THB 326.2m | THB 677.7m | THB 1.30bn | THB 646.7m |
| Dividends paid | −THB 662 | — | −THB 14,387 | −THB 5,559 | −THB 13,974 | −THB 107.5m | −THB 517.9m | −THB 1.26bn | −THB 864.4m | −THB 489.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 51.5m | THB 52.6m | THB 63.2m | THB 72.8m | THB 60.1m | THB 72.9m | THB 108.1m | THB 108.6m |
| Gross profit | THB 24.9m | THB 24.5m | THB 28.2m | THB 37.0m | THB 28.7m | THB 34.4m | THB 40.3m | THB 56.0m |
| Operating income | −THB 17.2m | −THB 12.1m | −THB 13.4m | −THB 2.7m | THB 26.0m | −THB 15.6m | −THB 18.2m | −THB 8.8m |
| Net income | −THB 16.8m | −THB 11.7m | −THB 12.2m | −THB 2.8m | −THB 28.2m | −THB 15.9m | −THB 70.3m | −THB 13.8m |
| Diluted earnings per share | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.02 | -0.00 |
| Cash from operations | −THB 23.0m | −THB 20.0m | THB 5.0m | THB 16.0m | −THB 13.0m | −THB 2.0m | −THB 7.0m | THB 6.0m |
| Capital spending | −THB 3.0m | −THB 1.0m | — | — | — | −THB 1.0m | −THB 1.0m | −THB 1.0m |
| Free cash flow | −THB 26.0m | −THB 21.0m | — | — | — | −THB 3.0m | −THB 8.0m | THB 5.0m |
| Total assets | THB 567.2m | THB 578.8m | THB 586.4m | THB 579.2m | THB 590.8m | THB 629.3m | THB 689.6m | THB 778.3m |
| Cash and short-term investments | THB 91.6m | THB 299.7m | THB 325.2m | THB 323.9m | THB 311.3m | THB 325.7m | THB 334.6m | THB 228.3m |
| Debt | THB 15.0m | THB 12.4m | THB 23.2m | THB 12.8m | THB 27.4m | THB 15.2m | THB 24.5m | THB 26.5m |
| Shareholders' equity | THB 457.2m | THB 474.0m | THB 485.7m | THB 497.9m | THB 500.6m | THB 528.8m | THB 544.7m | THB 614.7m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 47.7% | 45.4% | 48.9% | 49.5% | 42.5% | 54.1% |
| Operating margin | -20.9% | -9.5% | -6.7% | -22.2% | -24.3% | -15.6% |
| Net margin | -22.0% | -27.0% | -10.5% | -19.2% | -20.8% | -13.6% |
| Return on equity | -12.2% | -21.3% | -6.9% | -9.6% | -10.4% | -12.4% |
| Return on assets | -10.1% | -16.8% | -5.4% | -7.5% | -8.3% | -9.7% |
| Free cash flow yield | 1.5% | 2.6% | 0.8% | 3.7% | 11.2% | 21.0% |
| Revenue growth | -37.2% | -1.3% | 23.1% | -9.1% | -49.6% | -61.7% |
| Earnings growth | -49.0% | 153.6% | -32.5% | -16.2% | -23.0% | -145.1% |
| Current ratio | 8.50x | 5.52x | 3.03x | 3.12x | 5.12x | 4.30x |
| Debt to equity | 0.02x | 0.04x | 0.05x | 0.05x | 0.06x | 0.09x |
| Equity ratio | 82.8% | 79.0% | 78.6% | 78.7% | 79.4% | 78.3% |
| Interest coverage | -10.27x | -3.48x | -3.84x | -12.83x | -14.17x | -11.00x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | -19.0% | -17.2% |
| Operating income | -11.0% | -6.1% | — |
| Net income | -4.4% | -10.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.3% | 47.8% | 48.9% | 63.0% |
| Operating margin | -14.8% | -14.7% | -14.8% | 24.1% |
| Net margin | -25.1% | -19.4% | -17.9% | 18.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -25.4 | -8.0 | -30.2 | -61.5 | -57.1 | -45.1 | 21.6 | 19.8 | 50.9 | 53.5 |
| Price to sales | 5.6 | 2.2 | 3.2 | 11.8 | 11.9 | 6.2 | 2.5 | 5.7 | 16.8 | 13.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Apr 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.036 | 0.004 | 0.003 | 0.163 | 0.114 | 0.07 | 0.065 |
- 10-for-1 split · 14 May 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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