17.10
-3.39%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 44.28bn
FY2016FY2025
Net income
THB 3.33bn
FY2016FY2025
Free cash flow
THB 9.86bn
FY2016FY2025
Shareholders' equity
THB 28.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 44.28bn | THB 37.46bn | THB 36.81bn | THB 18.10bn | THB 12.20bn | THB 16.75bn | THB 23.01bn | THB 29.30bn | THB 35.93bn | THB 45.77bn |
| Gross profit | THB 3.36bn | THB 2.72bn | THB 2.89bn | THB 1.39bn | THB 963.3m | THB 1.41bn | THB 1.98bn | THB 2.32bn | THB 2.84bn | THB 3.24bn |
| Operating income | THB 1.32bn | THB 1.80bn | THB 1.99bn | THB 1.87bn | THB 1.68bn | THB 1.07bn | THB 2.63bn | THB 538.5m | THB 854.2m | THB 2.31bn |
| Net income | THB 3.33bn | THB 1.45bn | THB 1.50bn | THB 1.10bn | THB 905.7m | THB 612.2m | THB 1.78bn | THB 2.49bn | THB 1.81bn | THB 2.00bn |
| Diluted earnings per share | 1.98 | 0.86 | 0.89 | 0.67 | 0.55 | 0.37 | 1.05 | 1.47 | 1.07 | 1.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 117.08bn | THB 113.10bn | THB 96.75bn | THB 85.15bn | THB 83.42bn | THB 82.77bn | THB 82.59bn | THB 83.50bn | THB 79.27bn | THB 94.93bn |
| Cash and short-term investments | THB 9.77bn | THB 10.19bn | THB 7.78bn | THB 7.06bn | THB 6.97bn | THB 7.77bn | THB 9.16bn | THB 8.93bn | THB 8.90bn | THB 12.54bn |
| Total liabilities | THB 88.38bn | THB 86.62bn | THB 70.74bn | THB 60.68bn | THB 57.31bn | THB 56.50bn | THB 54.77bn | THB 57.67bn | THB 55.40bn | THB 73.07bn |
| Debt | THB 47.78bn | THB 54.46bn | THB 55.61bn | THB 46.19bn | THB 43.35bn | THB 42.53bn | THB 37.00bn | THB 36.70bn | THB 39.29bn | THB 57.30bn |
| Shareholders' equity | THB 28.15bn | THB 25.91bn | THB 25.48bn | THB 24.03bn | THB 25.67bn | THB 25.85bn | THB 27.39bn | THB 25.42bn | THB 23.49bn | THB 21.48bn |
| Shares outstanding | 1,680m | 1,687m | 1,694m | 1,658m | 1,658m | 1,658m | 1,694m | 1,694m | 1,694m | 1,694m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 10.26bn | THB 5.55bn | −THB 8.33bn | −THB 3.03bn | −THB 1.88bn | −THB 6.56bn | THB 3.43bn | THB 7.16bn | THB 2.22bn | THB 18.36bn |
| Capital spending | −THB 400.9m | −THB 443.9m | −THB 902.9m | −THB 457.5m | −THB 657.2m | −THB 591.8m | −THB 2.24bn | −THB 2.55bn | −THB 913.1m | −THB 1.89bn |
| Free cash flow | THB 9.86bn | THB 5.10bn | −THB 9.24bn | −THB 3.49bn | −THB 2.54bn | −THB 7.15bn | THB 1.18bn | THB 4.61bn | THB 1.31bn | THB 16.48bn |
| Dividends paid | −THB 588.5m | −THB 508.2m | −THB 420.9m | −THB 663.2m | −THB 331.6m | −THB 338.8m | −THB 846.9m | −THB 762.0m | −THB 846.6m | −THB 1.10bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 11.42bn | THB 12.24bn | THB 10.49bn | THB 10.92bn | THB 10.73bn | THB 11.90bn | THB 9.41bn | THB 9.38bn |
| Gross profit | THB 1.00bn | THB 982.3m | THB 794.2m | THB 862.6m | THB 843.6m | THB 921.0m | THB 682.1m | THB 658.7m |
| Operating income | THB 432.3m | THB 404.9m | THB 132.6m | THB 1.58bn | THB 1.29bn | THB 576.2m | THB 257.2m | THB 566.3m |
| Net income | THB 800.2m | THB 329.1m | THB 444.4m | THB 1.74bn | THB 862.8m | THB 282.2m | −THB 170.9m | THB 1.01bn |
| Diluted earnings per share | 0.48 | 0.20 | 0.26 | 1.03 | 0.51 | 0.17 | -0.10 | 0.60 |
| Cash from operations | THB 801.0m | THB 3.80bn | THB 4.08bn | THB 1.53bn | THB 2.79bn | THB 489.0m | −THB 2.91bn | THB 11.87bn |
| Capital spending | −THB 88.0m | −THB 151.0m | −THB 218.0m | −THB 47.0m | −THB 72.0m | −THB 73.0m | −THB 76.0m | −THB 68.0m |
| Free cash flow | THB 713.0m | THB 3.65bn | THB 3.86bn | THB 1.49bn | THB 2.71bn | THB 416.0m | −THB 2.99bn | THB 11.80bn |
| Total assets | THB 113.10bn | THB 114.82bn | THB 117.08bn | THB 116.55bn | THB 116.39bn | THB 116.09bn | THB 113.10bn | THB 109.42bn |
| Cash and short-term investments | THB 9.90bn | THB 11.85bn | THB 9.77bn | THB 11.24bn | THB 12.93bn | THB 11.92bn | THB 10.19bn | THB 10.73bn |
| Debt | THB 12.04bn | THB 42.51bn | THB 47.77bn | THB 53.35bn | THB 58.46bn | THB 58.07bn | THB 54.43bn | THB 51.82bn |
| Shareholders' equity | THB 29.85bn | THB 28.76bn | THB 28.15bn | THB 28.02bn | THB 26.21bn | THB 25.75bn | THB 25.91bn | THB 27.00bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 7.6% | 7.3% | 7.8% | 7.7% | 7.9% | 8.4% |
| Operating margin | 3.0% | 4.8% | 5.4% | 10.3% | 13.8% | 6.4% |
| Net margin | 7.5% | 3.9% | 4.1% | 6.1% | 7.4% | 3.7% |
| Return on equity | 11.8% | 5.6% | 5.9% | 4.6% | 3.5% | 2.4% |
| Return on assets | 2.8% | 1.3% | 1.6% | 1.3% | 1.1% | 0.7% |
| Free cash flow yield | 35.1% | 19.6% | -24.2% | -8.6% | -4.1% | -19.9% |
| Revenue growth | 18.2% | 1.8% | 103.4% | 48.3% | -27.2% | -27.2% |
| Earnings growth | 130.2% | -3.7% | 35.9% | 22.0% | 48.0% | -65.6% |
| Current ratio | 1.01x | 1.01x | 1.20x | 1.15x | 1.13x | 1.34x |
| Debt to equity | 1.70x | 2.10x | 2.18x | 1.92x | 1.69x | 1.64x |
| Equity ratio | 24.0% | 22.9% | 26.3% | 28.2% | 30.8% | 31.2% |
| Interest coverage | 0.63x | 0.89x | 1.09x | 1.32x | 1.21x | 0.84x |
| Buybacks as a share of market value | 0.4% | 0.4% | -2.2% | 0.0% | 0.0% | 2.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.7% | 21.5% | 2.4% |
| Operating income | -10.9% | 4.2% | 1.7% |
| Net income | 44.4% | 40.3% | 4.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.4% | 7.6% | 7.7% | 7.8% |
| Operating margin | 3.8% | 5.1% | 5.9% | 5.1% |
| Net margin | 5.8% | 5.4% | 5.4% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.0 | 22.4 | 23.5 | 36.5 | 41.9 | 45.0 | 18.1 | 17.0 | 24.8 | 26.2 |
| Price to sales | 0.5 | 0.9 | 1.0 | 2.2 | 3.1 | 1.6 | 1.4 | 1.4 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.45 | 0.35 | 0.30 | 0.25 | 0.40 | 0.20 | 0.20 | 0.50 |
- 1.025-for-1 split · 7 May 2014
- 10-for-1 split · 14 Nov 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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