5.00
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 6.70bn
FY2014FY2025
Net income
THB 244.0m
FY2014FY2025
Free cash flow
−THB 935.4m
FY2014FY2025
Shareholders' equity
THB 3.47bn
FY2014FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.70bn | THB 6.58bn | THB 4.66bn | THB 3.36bn | THB 3.45bn | THB 3.02bn | THB 2.37bn | THB 2.11bn |
| Gross profit | THB 1.24bn | THB 1.58bn | THB 1.22bn | THB 802.4m | THB 669.2m | THB 480.9m | THB 533.6m | THB 490.6m |
| Operating income | THB 330.4m | THB 723.4m | THB 596.9m | THB 323.1m | THB 273.2m | THB 112.4m | THB 224.4m | THB 281.3m |
| Net income | THB 244.0m | THB 686.4m | THB 540.2m | THB 302.2m | THB 241.9m | THB 102.0m | THB 207.1m | THB 264.8m |
| Diluted earnings per share | 0.17 | 0.47 | 0.37 | 0.21 | 0.16 | 0.07 | 0.14 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | THB 7.87bn | THB 6.56bn | THB 5.10bn | THB 3.12bn | THB 3.05bn | THB 2.53bn | THB 1.99bn | THB 1.33bn |
| Cash and short-term investments | THB 424.1m | THB 546.9m | THB 931.9m | THB 298.9m | THB 217.4m | THB 137.3m | THB 121.4m | THB 13.4m |
| Total liabilities | THB 4.40bn | THB 2.89bn | THB 1.74bn | THB 1.78bn | THB 1.81bn | THB 1.51bn | THB 967.3m | THB 529.9m |
| Debt | THB 3.09bn | THB 1.70bn | THB 1.04bn | THB 1.31bn | THB 1.33bn | THB 1.08bn | THB 680.6m | THB 174.8m |
| Shareholders' equity | THB 3.47bn | THB 3.67bn | THB 3.36bn | THB 1.33bn | THB 1.23bn | THB 1.00bn | THB 1.01bn | THB 804.3m |
| Shares outstanding | 1,470m | 1,470m | 1,470m | 1,470m | 1,470m | 1,470m | 1,470m | 1,470m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 486.7m | THB 758.5m | THB 338.5m | THB 486.3m | THB 284.9m | THB 37.3m | THB 281.0m | THB 370.3m |
| Capital spending | −THB 1.42bn | −THB 1.36bn | −THB 940.4m | −THB 159.3m | −THB 187.1m | −THB 275.9m | −THB 259.7m | −THB 134.7m |
| Free cash flow | −THB 935.4m | −THB 598.5m | −THB 601.9m | THB 327.0m | THB 97.8m | −THB 238.7m | THB 21.3m | THB 235.7m |
| Dividends paid | −THB 441.0m | −THB 367.5m | −THB 494.0m | −THB 200.0m | −THB 100.0m | −THB 114.4m | −THB 245.4m | −THB 75.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.73bn | THB 1.49bn | THB 1.62bn | THB 1.75bn | THB 1.79bn | THB 1.53bn | THB 1.73bn | THB 1.91bn |
| Gross profit | THB 416.9m | THB 335.5m | THB 327.8m | THB 329.3m | THB 306.1m | THB 275.7m | THB 302.5m | THB 474.6m |
| Operating income | THB 168.5m | THB 112.1m | THB 74.9m | THB 92.4m | THB 107.3m | THB 87.1m | THB 65.8m | THB 193.5m |
| Net income | THB 122.4m | THB 82.3m | THB 32.5m | THB 69.4m | THB 77.3m | THB 64.8m | THB 83.6m | THB 172.2m |
| Diluted earnings per share | 0.08 | 0.06 | 0.02 | 0.05 | 0.05 | 0.04 | 0.06 | 0.12 |
| Cash from operations | THB 268.0m | THB 40.0m | THB 319.0m | THB 276.0m | −THB 14.0m | −THB 32.0m | THB 336.0m | THB 192.0m |
| Capital spending | −THB 270.0m | −THB 244.0m | −THB 149.0m | −THB 345.0m | −THB 609.0m | −THB 330.0m | −THB 361.0m | −THB 297.0m |
| Free cash flow | −THB 2.0m | −THB 204.0m | THB 170.0m | −THB 69.0m | −THB 623.0m | −THB 362.0m | −THB 25.0m | −THB 105.0m |
| Total assets | THB 9.14bn | THB 8.31bn | THB 7.87bn | THB 7.99bn | THB 7.93bn | THB 6.98bn | THB 6.56bn | THB 6.33bn |
| Cash and short-term investments | THB 958.2m | THB 402.2m | THB 424.1m | THB 373.8m | THB 254.5m | THB 260.3m | THB 546.9m | THB 568.8m |
| Debt | THB 2.10bn | THB 3.31bn | THB 3.18bn | THB 3.20bn | THB 2.93bn | THB 1.78bn | THB 1.68bn | THB 1.64bn |
| Shareholders' equity | THB 3.50bn | THB 3.55bn | THB 3.47bn | THB 3.44bn | THB 3.37bn | THB 3.74bn | THB 3.67bn | THB 3.59bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.5% | 23.9% | 26.2% | 23.8% | 19.4% | 15.9% |
| Operating margin | 4.9% | 11.0% | 12.7% | 10.2% | 7.9% | 4.2% |
| Net margin | 3.6% | 10.4% | 11.6% | 9.0% | 7.0% | 3.4% |
| Return on equity | 7.0% | 18.7% | 16.1% | 22.6% | 19.7% | 10.2% |
| Return on assets | 3.1% | 10.5% | 10.6% | 9.7% | 7.9% | 4.0% |
| Free cash flow yield | 23.8% | 26.4% | 16.0% | 8.1% | — | — |
| Revenue growth | 1.7% | 41.5% | 38.4% | -2.6% | 14.3% | 27.6% |
| Earnings growth | -64.5% | 27.1% | 78.7% | 24.9% | 137.0% | -50.7% |
| Current ratio | 1.04x | 1.13x | 1.67x | 1.02x | 1.01x | 0.84x |
| Debt to equity | 0.89x | 0.46x | 0.31x | 0.96x | 1.06x | 1.18x |
| Equity ratio | 44.1% | 55.9% | 65.9% | 42.8% | 40.2% | 39.7% |
| Interest coverage | 3.74x | 15.08x | 15.60x | 12.30x | 10.32x | 5.78x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.8% | 17.3% | — |
| Operating income | 0.8% | 24.1% | — |
| Net income | -6.9% | 19.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.2% | 22.7% | 21.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 30.0 | 26.1 | 21.5 |
| Price to sales | 1.1 | 2.7 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 5 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.12 | 0.30 | 0.50 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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