1.24
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 2.50bn
FY2016FY2025
Net income
THB 2.45bn
FY2016FY2025
Free cash flow
THB 13.6m
FY2016FY2025
Shareholders' equity
THB 4.50bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.50bn | THB 5.29bn | THB 5.07bn | THB 5.20bn | THB 4.19bn | THB 3.67bn | THB 3.93bn | THB 3.94bn | THB 3.75bn | THB 3.48bn |
| Gross profit | THB 432.8m | THB 1.18bn | THB 1.15bn | THB 1.41bn | THB 937.6m | THB 806.8m | THB 903.6m | THB 1.10bn | THB 1.19bn | THB 1.15bn |
| Operating income | THB 91.8m | THB 484.3m | THB 618.0m | THB 900.9m | THB 528.2m | THB 385.7m | THB 431.5m | THB 591.2m | THB 703.5m | THB 669.1m |
| Net income | THB 2.45bn | THB 130.5m | THB 217.8m | THB 503.9m | THB 292.1m | THB 198.1m | THB 308.4m | THB 375.4m | THB 440.5m | THB 387.7m |
| Diluted earnings per share | 0.60 | 0.03 | 0.05 | 0.13 | 0.07 | 0.05 | 0.08 | 0.09 | 0.11 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 8.15bn | THB 11.02bn | THB 12.38bn | THB 14.11bn | THB 12.83bn | THB 10.83bn | THB 10.15bn | THB 8.67bn | THB 8.79bn | THB 8.34bn |
| Cash and short-term investments | THB 455.1m | THB 270.9m | THB 285.4m | THB 227.9m | THB 398.5m | THB 271.9m | THB 504.9m | THB 246.4m | THB 349.0m | THB 195.8m |
| Total liabilities | THB 3.59bn | THB 5.14bn | THB 5.55bn | THB 6.25bn | THB 6.38bn | THB 5.33bn | THB 4.55bn | THB 3.45bn | THB 3.53bn | THB 3.05bn |
| Debt | THB 2.20bn | THB 3.49bn | THB 3.73bn | THB 4.02bn | THB 4.36bn | THB 3.73bn | THB 3.02bn | THB 2.37bn | THB 2.44bn | THB 1.84bn |
| Shareholders' equity | THB 4.50bn | THB 3.77bn | THB 4.38bn | THB 4.98bn | THB 4.16bn | THB 3.61bn | THB 3.71bn | THB 3.62bn | THB 3.58bn | THB 3.53bn |
| Shares outstanding | 4,071m | 4,071m | 4,071m | 4,023m | 4,023m | 4,023m | 4,023m | 4,023m | 4,023m | 4,023m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 619.0m | THB 921.6m | THB 971.6m | THB 1.12bn | THB 637.7m | THB 619.3m | THB 904.0m | THB 641.9m | THB 821.6m | THB 745.9m |
| Capital spending | −THB 605.4m | −THB 295.0m | −THB 388.2m | −THB 369.4m | −THB 880.3m | −THB 1.40bn | −THB 1.13bn | −THB 339.2m | −THB 1.00bn | −THB 1.28bn |
| Free cash flow | THB 13.6m | THB 626.6m | THB 583.4m | THB 750.6m | −THB 242.6m | −THB 782.3m | −THB 226.9m | THB 302.7m | −THB 181.4m | −THB 538.9m |
| Dividends paid | −THB 1.24bn | −THB 310.7m | −THB 355.4m | −THB 314.8m | −THB 287.2m | −THB 235.4m | −THB 252.4m | −THB 258.2m | −THB 237.9m | −THB 167.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 599.3m | THB 607.6m | −THB 1.34bn | THB 1.30bn | THB 1.22bn | THB 1.32bn | THB 1.25bn | THB 1.43bn |
| Gross profit | THB 72.8m | THB 99.1m | −THB 287.6m | THB 252.9m | THB 183.4m | THB 284.1m | THB 219.4m | THB 374.0m |
| Operating income | THB 26.1m | THB 53.5m | −THB 179.4m | THB 66.6m | THB 64.7m | THB 140.0m | −THB 7.8m | THB 186.9m |
| Net income | THB 10.0m | THB 30.9m | THB 2.45bn | −THB 80.0m | THB 24.7m | THB 49.2m | −THB 60.5m | THB 71.8m |
| Diluted earnings per share | 0.00 | 0.01 | 0.60 | -0.02 | 0.01 | 0.01 | -0.01 | 0.02 |
| Cash from operations | THB 53.0m | THB 41.0m | −THB 79.0m | THB 303.0m | THB 150.0m | THB 243.0m | THB 175.0m | THB 324.0m |
| Capital spending | −THB 19.0m | −THB 25.0m | −THB 185.0m | −THB 181.0m | −THB 130.0m | −THB 108.0m | −THB 68.0m | −THB 111.0m |
| Free cash flow | THB 34.0m | THB 16.0m | −THB 264.0m | THB 122.0m | THB 20.0m | THB 135.0m | THB 107.0m | THB 213.0m |
| Total assets | THB 7.73bn | THB 7.79bn | THB 8.15bn | THB 10.25bn | THB 10.48bn | THB 10.74bn | THB 11.02bn | THB 11.25bn |
| Cash and short-term investments | — | THB 57.5m | THB 455.1m | THB 978.0m | THB 177.8m | THB 384.3m | THB 270.9m | THB 232.6m |
| Debt | THB 795.1m | THB 2.21bn | THB 2.20bn | THB 3.62bn | THB 3.58bn | THB 3.48bn | THB 3.49bn | THB 3.53bn |
| Shareholders' equity | THB 4.54bn | THB 4.53bn | THB 4.50bn | THB 3.01bn | THB 3.42bn | THB 3.44bn | THB 3.77bn | THB 3.91bn |
Financial ratios
Data as of 14 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.3% | 22.4% | 22.7% | 27.1% | 22.4% | 22.0% |
| Operating margin | 3.7% | 9.2% | 12.5% | 18.0% | 12.6% | 10.5% |
| Net margin | 98.0% | 2.5% | 4.3% | 9.7% | 7.0% | 5.4% |
| Return on equity | 54.4% | 3.5% | 5.0% | 10.1% | 7.0% | 5.5% |
| Return on assets | 30.0% | 1.2% | 1.8% | 3.6% | 2.3% | 1.8% |
| Free cash flow yield | 24.1% | 23.9% | 26.7% | 29.6% | 30.2% | 40.2% |
| Revenue growth | -52.8% | 4.4% | -2.7% | 24.1% | 14.3% | -6.6% |
| Earnings growth | 1774.2% | -40.1% | -56.8% | 72.5% | 47.4% | -35.8% |
| Current ratio | 0.35x | 0.33x | 0.35x | 0.37x | 0.41x | 0.37x |
| Debt to equity | 0.49x | 0.93x | 0.85x | 0.80x | 1.04x | 1.03x |
| Equity ratio | 55.2% | 34.2% | 35.3% | 35.3% | 32.4% | 33.3% |
| Interest coverage | 0.92x | 3.19x | 4.27x | 7.86x | 6.14x | 5.11x |
| Buybacks as a share of market value | 0.0% | 0.0% | -1.2% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.7% | -7.4% | -2.7% |
| Operating income | -53.3% | -24.9% | -19.1% |
| Net income | 69.3% | 65.3% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.8% | 23.2% | 22.9% | 25.8% |
| Operating margin | 7.4% | 11.6% | 11.6% | 13.9% |
| Net margin | 33.1% | 18.3% | 14.6% | 13.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.4 | 54.9 | 37.4 | 21.7 | 42.1 | 35.7 | 26.4 | 25.3 | 32.1 | 48.4 |
| Price to sales | 2.3 | 1.4 | 1.6 | 2.1 | 2.9 | 1.9 | 2.1 | 2.4 | 3.8 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.268 | 0.055 | 0.066 | 0.065 | 0.052 | 0.059 | 0.052 | 0.047 |
- 100-for-1 split · 8 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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