1.03
-4.63%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 85.5m
FY2016FY2025
Net income
−THB 9.8m
FY2016FY2025
Free cash flow
THB 9.8m
FY2016FY2025
Shareholders' equity
THB 1.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 85.5m | THB 45.8m | THB 72.2m | THB 219.0m | THB 248.5m | THB 249.0m | THB 152.3m | THB 127.8m | THB 90.5m | THB 61.8m |
| Gross profit | THB 30.7m | THB 20.9m | THB 30.7m | THB 85.5m | THB 100.4m | THB 96.9m | THB 57.7m | THB 50.8m | THB 33.3m | THB 23.4m |
| Operating income | −THB 10.2m | −THB 17.4m | −THB 7.6m | THB 37.8m | THB 54.7m | THB 50.6m | THB 19.1m | THB 14.1m | −THB 472,066 | THB 7.0m |
| Net income | −THB 9.8m | −THB 15.8m | −THB 9.1m | THB 23.9m | THB 38.0m | THB 34.4m | THB 16.2m | THB 18.1m | THB 3.5m | THB 5.5m |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | 0.02 | 0.04 | 0.03 | 0.02 | 0.02 | 0.00 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.30bn | THB 1.32bn | THB 1.29bn | THB 1.34bn | THB 1.32bn | THB 1.31bn | THB 1.27bn | THB 1.30bn | THB 1.26bn | THB 1.25bn |
| Cash and short-term investments | THB 50.9m | THB 44.1m | THB 86.2m | THB 144.4m | THB 131.5m | THB 174.6m | THB 18.8m | THB 114.2m | THB 229.3m | THB 237.1m |
| Total liabilities | THB 63.7m | THB 65.6m | THB 29.0m | THB 52.4m | THB 46.8m | THB 51.9m | THB 28.6m | THB 52.9m | THB 32.7m | THB 29.3m |
| Debt | THB 37.5m | THB 32.5m | THB 6.5m | THB 7.5m | THB 2.7m | THB 2.5m | THB 584,904 | THB 968,435 | THB 1.3m | THB 1.7m |
| Shareholders' equity | THB 1.24bn | THB 1.25bn | THB 1.27bn | THB 1.29bn | THB 1.27bn | THB 1.25bn | THB 1.24bn | THB 1.25bn | THB 1.23bn | THB 1.22bn |
| Shares outstanding | 1,025m | 1,025m | 1,025m | 1,025m | 1,025m | 1,023m | 1,036m | 1,012m | 1,057m | 1,060m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 10.6m | −THB 68.6m | −THB 43.3m | −THB 23.8m | THB 68.8m | THB 124.1m | −THB 16.5m | −THB 96.8m | THB 20.9m | THB 24.1m |
| Capital spending | −THB 827,088 | −THB 778,529 | −THB 1.5m | −THB 6.1m | −THB 20.5m | −THB 3.4m | −THB 673,752 | −THB 564,729 | −THB 502,389 | −THB 2.9m |
| Free cash flow | THB 9.8m | −THB 69.3m | −THB 44.7m | −THB 29.9m | THB 48.3m | THB 120.6m | −THB 17.2m | −THB 97.4m | THB 20.4m | THB 21.2m |
| Dividends paid | — | — | −THB 10.2m | −THB 10.2m | −THB 20.5m | −THB 20.5m | −THB 20.5m | −THB 20.5m | −THB 20.5m | −THB 20.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 17.4m | THB 18.8m | THB 20.5m | THB 21.0m | THB 27.3m | THB 16.6m | THB 10.1m | THB 16.2m |
| Gross profit | THB 6.2m | THB 9.3m | THB 7.4m | THB 7.6m | THB 13.4m | THB 6.5m | THB 4.2m | THB 8.1m |
| Operating income | −THB 5.4m | −THB 930,670 | THB 900,004 | −THB 4.7m | −THB 607,142 | −THB 3.5m | −THB 4.4m | −THB 1.8m |
| Net income | −THB 4.3m | −THB 993,545 | −THB 637,445 | −THB 4.1m | −THB 1.3m | −THB 3.7m | −THB 4.1m | −THB 2.0m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | THB 8.0m | THB 6.0m | THB 8.0m | THB 1.0m | THB 11.0m | −THB 10.0m | −THB 21.0m | −THB 23.0m |
| Total assets | THB 1.30bn | THB 1.30bn | THB 1.30bn | THB 1.31bn | THB 1.32bn | THB 1.31bn | THB 1.32bn | THB 1.31bn |
| Cash and short-term investments | THB 64.9m | THB 57.0m | THB 50.9m | THB 42.8m | THB 42.7m | THB 31.8m | THB 44.1m | THB 57.1m |
| Debt | THB 33.2m | THB 33.1m | THB 33.1m | THB 33.0m | THB 33.0m | THB 33.1m | THB 30.9m | THB 21.9m |
| Shareholders' equity | THB 1.24bn | THB 1.24bn | THB 1.24bn | THB 1.24bn | THB 1.25bn | THB 1.25bn | THB 1.25bn | THB 1.25bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 35.9% | 45.7% | 42.6% | 39.1% | 40.4% | 38.9% |
| Operating margin | -12.0% | -38.0% | -10.5% | 17.2% | 22.0% | 20.3% |
| Net margin | -11.5% | -34.4% | -12.6% | 10.9% | 15.3% | 13.8% |
| Return on equity | -0.8% | -1.3% | -0.7% | 1.9% | 3.0% | 2.7% |
| Return on assets | -0.8% | -1.2% | -0.7% | 1.8% | 2.9% | 2.6% |
| Free cash flow yield | 1.0% | -6.1% | -3.8% | -1.6% | 8.1% | 11.5% |
| Revenue growth | 86.4% | -36.5% | -67.0% | -11.9% | -0.2% | 63.5% |
| Earnings growth | -37.7% | 74.0% | -138.0% | -37.2% | 10.4% | 112.2% |
| Current ratio | 6.23x | 5.98x | 10.30x | 6.54x | 8.29x | 9.01x |
| Debt to equity | 0.03x | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 95.1% | 95.0% | 97.8% | 96.1% | 96.5% | 96.0% |
| Interest coverage | -8.91x | -36.62x | -19.25x | 33.52x | 294.62x | 271.27x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | -0.2% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.9% | -19.3% | 2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.3% | 39.7% | 39.7% | 39.5% |
| Operating margin | -21.1% | 0.6% | 11.7% | 11.1% |
| Net margin | -19.5% | -2.5% | 6.7% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -133.7 | -96.2 | -188.9 | 73.0 | 53.9 | 47.3 | 107.3 | 113.8 | — | 439.1 |
| Price to sales | 15.3 | 33.1 | 23.7 | 8.0 | 8.3 | 6.5 | 11.4 | 16.1 | 32.7 | 38.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Mar 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.003 | 0.01 |
- 1.025-for-1 split · 5 Mar 2013
- 5-for-1 split · 24 Apr 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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