B 
22.00
-1.79%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 55.39bn
FY2016FY2025
Net income
THB 1.68bn
FY2016FY2025
Free cash flow
THB 4.73bn
FY2016FY2025
Shareholders' equity
THB 33.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 55.39bn | THB 55.85bn | THB 57.12bn | THB 62.40bn | THB 46.63bn | THB 44.09bn | THB 44.13bn | THB 36.59bn | THB 31.48bn | THB 27.75bn |
| Gross profit | THB 10.18bn | THB 10.61bn | THB 10.10bn | THB 4.93bn | THB 8.69bn | THB 9.24bn | THB 8.18bn | THB 6.85bn | THB 6.74bn | THB 5.69bn |
| Operating income | THB 7.48bn | THB 8.05bn | THB 7.90bn | THB 3.51bn | THB 7.07bn | THB 7.15bn | THB 6.36bn | THB 5.44bn | THB 5.48bn | THB 4.59bn |
| Net income | THB 1.68bn | THB 1.56bn | THB 1.88bn | −THB 898.1m | THB 3.42bn | THB 3.76bn | THB 3.98bn | THB 1.86bn | THB 2.13bn | THB 1.38bn |
| Diluted earnings per share | 0.64 | 0.60 | 0.72 | -0.30 | 1.31 | 1.33 | 1.53 | 0.71 | 0.91 | 0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 183.05bn | THB 180.90bn | THB 177.04bn | THB 170.65bn | THB 149.20bn | THB 130.70bn | THB 121.69bn | THB 100.64bn | THB 89.24bn | THB 76.05bn |
| Cash and short-term investments | THB 24.21bn | THB 19.56bn | THB 29.50bn | THB 30.76bn | THB 27.05bn | THB 19.99bn | THB 23.27bn | THB 14.64bn | THB 18.56bn | THB 9.48bn |
| Total liabilities | THB 133.69bn | THB 129.23bn | THB 124.33bn | THB 128.48bn | THB 108.38bn | THB 91.39bn | THB 83.02bn | THB 72.90bn | THB 63.50bn | THB 64.51bn |
| Debt | THB 118.51bn | THB 117.87bn | THB 112.12bn | THB 116.24bn | THB 96.92bn | THB 80.09bn | THB 62.77bn | THB 61.73bn | THB 57.94bn | THB 59.75bn |
| Shareholders' equity | THB 33.44bn | THB 36.09bn | THB 38.13bn | THB 29.73bn | THB 29.47bn | THB 27.47bn | THB 28.14bn | THB 19.25bn | THB 18.65bn | THB 5.90bn |
| Shares outstanding | 2,607m | 2,607m | 2,607m | 2,971m | 2,607m | 2,831m | 2,607m | 2,628m | 2,343m | 1,913m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 11.26bn | THB 7.44bn | THB 7.81bn | THB 7.91bn | THB 9.83bn | THB 6.78bn | THB 9.46bn | THB 7.66bn | THB 7.51bn | THB 6.77bn |
| Capital spending | −THB 6.53bn | −THB 3.75bn | −THB 7.14bn | −THB 11.85bn | −THB 10.76bn | −THB 15.51bn | −THB 3.80bn | −THB 6.76bn | −THB 7.83bn | −THB 12.57bn |
| Free cash flow | THB 4.73bn | THB 3.69bn | THB 670.8m | −THB 3.94bn | −THB 928.9m | −THB 8.73bn | THB 5.66bn | THB 901.9m | −THB 323.8m | −THB 5.80bn |
| Dividends paid | −THB 1.12bn | −THB 938.5m | −THB 560.5m | −THB 782.1m | −THB 1.17bn | −THB 964.6m | −THB 834.2m | −THB 1.17bn | −THB 121.0m | −THB 435.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 15.12bn | THB 12.73bn | THB 13.26bn | THB 13.35bn | THB 15.07bn | THB 13.71bn | THB 13.36bn | THB 14.68bn |
| Gross profit | THB 2.44bn | THB 2.64bn | THB 2.80bn | THB 2.58bn | THB 2.39bn | THB 2.50bn | THB 2.51bn | THB 2.81bn |
| Operating income | THB 1.70bn | THB 2.00bn | THB 1.84bn | THB 2.01bn | THB 1.47bn | THB 1.92bn | THB 2.25bn | THB 2.16bn |
| Net income | THB 676.0m | THB 721.2m | THB 493.7m | THB 521.0m | THB 6.8m | THB 653.9m | THB 787.0m | THB 162.7m |
| Diluted earnings per share | 0.26 | 0.28 | 0.19 | 0.20 | 0.00 | 0.25 | 0.30 | 0.06 |
| Cash from operations | −THB 33.0m | THB 1.13bn | THB 1.60bn | THB 4.62bn | THB 3.68bn | THB 5.06bn | THB 491.0m | THB 291.0m |
| Capital spending | −THB 2.00bn | −THB 1.54bn | −THB 5.09bn | −THB 590.0m | −THB 605.0m | −THB 416.0m | −THB 620.0m | −THB 1.89bn |
| Free cash flow | −THB 2.03bn | −THB 413.0m | −THB 3.49bn | THB 4.03bn | THB 3.07bn | THB 4.64bn | −THB 129.0m | −THB 1.59bn |
| Total assets | THB 196.55bn | THB 189.54bn | THB 183.05bn | THB 180.77bn | THB 180.50bn | THB 183.52bn | THB 180.90bn | THB 175.42bn |
| Cash and short-term investments | THB 20.96bn | THB 20.47bn | THB 24.21bn | THB 20.79bn | THB 19.99bn | THB 22.65bn | THB 19.56bn | THB 19.19bn |
| Debt | THB 24.35bn | THB 123.75bn | THB 118.60bn | THB 114.53bn | THB 113.46bn | THB 116.28bn | THB 115.82bn | THB 111.18bn |
| Shareholders' equity | THB 34.79bn | THB 34.73bn | THB 33.44bn | THB 33.94bn | THB 34.88bn | THB 36.17bn | THB 36.09bn | THB 35.85bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.4% | 19.0% | 17.7% | 7.9% | 18.6% | 21.0% |
| Operating margin | 13.5% | 14.4% | 13.8% | 5.6% | 15.2% | 16.2% |
| Net margin | 3.0% | 2.8% | 3.3% | -1.4% | 7.3% | 8.5% |
| Return on equity | 5.0% | 4.3% | 4.9% | -3.0% | 11.6% | 13.7% |
| Return on assets | 0.9% | 0.9% | 1.1% | -0.5% | 2.3% | 2.9% |
| Free cash flow yield | 36.5% | 23.0% | 30.7% | 35.6% | 42.2% | 42.1% |
| Revenue growth | -0.8% | -2.2% | -8.5% | 33.8% | 5.8% | -0.1% |
| Earnings growth | 7.6% | -17.4% | -309.8% | -126.3% | -9.0% | -5.6% |
| Current ratio | 1.72x | 1.47x | 3.07x | 2.49x | 3.23x | 1.11x |
| Debt to equity | 3.54x | 3.21x | 2.89x | 3.85x | 3.25x | 2.88x |
| Equity ratio | 18.3% | 19.9% | 21.5% | 17.4% | 19.8% | 21.0% |
| Interest coverage | 1.51x | 1.58x | 1.63x | 0.92x | 2.21x | 2.42x |
| Buybacks as a share of market value | 0.0% | 0.0% | 12.2% | -14.0% | 7.9% | -8.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.9% | 4.7% | 8.7% |
| Operating income | 28.7% | 0.9% | 10.3% |
| Net income | — | -14.9% | 46.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.7% | 15.5% | 16.7% | 17.5% |
| Operating margin | 14.0% | 11.7% | 12.8% | 13.6% |
| Net margin | 2.9% | 1.8% | 3.5% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.9 | 32.6 | 37.7 | -131.5 | 30.9 | 36.6 | 34.4 | 37.4 | 31.7 |
| Price to sales | 0.7 | 0.9 | 1.2 | 1.9 | 2.3 | 3.1 | 3.1 | 1.9 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 26 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.412 | 0.43 | 0.36 | 0.215 | 0.30 | 0.45 | 0.37 | 0.32 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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