2.30
+2.68%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 13.10bn
FY2016FY2025
Net income
−THB 4.86bn
FY2016FY2025
Free cash flow
THB 4.63bn
FY2016FY2025
Shareholders' equity
THB 33.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 13.10bn | THB 18.13bn | THB 30.07bn | THB 25.35bn | THB 20.17bn | THB 17.08bn | THB 14.89bn | THB 11.55bn | THB 11.58bn | THB 10.39bn |
| Gross profit | THB 3.25bn | THB 2.82bn | THB 10.38bn | THB 7.96bn | THB 8.28bn | THB 7.81bn | THB 8.13bn | THB 5.88bn | THB 5.53bn | THB 4.76bn |
| Operating income | −THB 882.8m | −THB 5.49bn | THB 8.99bn | THB 7.91bn | THB 6.83bn | THB 6.40bn | THB 7.06bn | THB 6.02bn | THB 4.87bn | THB 4.30bn |
| Net income | −THB 4.86bn | −THB 4.63bn | THB 7.61bn | THB 7.60bn | THB 6.10bn | THB 5.20bn | THB 6.08bn | THB 4.98bn | THB 3.82bn | THB 3.25bn |
| Diluted earnings per share | -0.65 | -1.25 | 2.04 | 2.04 | 1.65 | 1.40 | 1.63 | 1.31 | 1.02 | 0.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 90.55bn | THB 96.20bn | THB 114.23bn | THB 103.36bn | THB 85.48bn | THB 78.48bn | THB 70.22bn | THB 59.21bn | THB 44.53bn | THB 41.51bn |
| Cash and short-term investments | THB 929.0m | THB 382.7m | THB 2.47bn | THB 3.21bn | THB 2.93bn | THB 2.95bn | THB 10.03bn | THB 5.48bn | THB 4.51bn | THB 2.67bn |
| Total liabilities | THB 56.08bn | THB 66.07bn | THB 70.22bn | THB 62.06bn | THB 50.37bn | THB 48.86bn | THB 45.35bn | THB 39.69bn | THB 29.79bn | THB 30.12bn |
| Debt | THB 49.27bn | THB 59.53bn | THB 64.38bn | THB 52.64bn | THB 44.98bn | THB 44.88bn | THB 41.95bn | THB 29.23bn | THB 27.70bn | THB 28.38bn |
| Shareholders' equity | THB 33.27bn | THB 31.38bn | THB 41.70bn | THB 38.93bn | THB 32.50bn | THB 27.81bn | THB 23.36bn | THB 18.14bn | THB 14.67bn | THB 11.38bn |
| Shares outstanding | 7,427m | 3,713m | 3,730m | 3,730m | 3,693m | 3,715m | 3,723m | 3,783m | 3,730m | 3,730m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 5.92bn | THB 7.86bn | −THB 456.6m | THB 1.89bn | THB 7.80bn | THB 9.24bn | THB 8.70bn | THB 7.19bn | THB 6.22bn | THB 4.95bn |
| Capital spending | −THB 1.29bn | −THB 1.36bn | −THB 4.71bn | −THB 2.59bn | −THB 6.02bn | −THB 7.25bn | −THB 14.69bn | −THB 5.78bn | −THB 3.38bn | −THB 8.21bn |
| Free cash flow | THB 4.63bn | THB 6.50bn | −THB 5.16bn | −THB 696.4m | THB 1.77bn | THB 1.99bn | −THB 5.98bn | THB 1.41bn | THB 2.84bn | −THB 3.26bn |
| Dividends paid | — | −THB 1.11bn | −THB 1.12bn | −THB 1.12bn | −THB 1.12bn | −THB 1.12bn | −THB 932.4m | −THB 746.0m | −THB 558.9m | −THB 373.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.44bn | THB 3.25bn | THB 3.05bn | THB 3.51bn | THB 3.11bn | THB 3.42bn | THB 3.98bn | THB 3.94bn |
| Gross profit | THB 684.9m | THB 1.33bn | −THB 575.4m | THB 1.64bn | THB 795.3m | THB 1.39bn | −THB 1.72bn | THB 1.47bn |
| Operating income | THB 69.9m | THB 789.1m | −THB 2.72bn | THB 824.1m | −THB 137.7m | THB 614.4m | −THB 8.70bn | THB 963.5m |
| Net income | −THB 256.0m | THB 361.8m | −THB 4.65bn | THB 263.6m | −THB 721.5m | THB 252.3m | −THB 6.48bn | THB 421.6m |
| Diluted earnings per share | -0.03 | 0.05 | -0.63 | 0.04 | -0.10 | 0.03 | -1.75 | 0.11 |
| Cash from operations | THB 1.37bn | THB 1.19bn | THB 1.56bn | THB 2.02bn | THB 1.95bn | THB 2.45bn | THB 2.25bn | THB 1.75bn |
| Capital spending | −THB 342.0m | −THB 63.0m | −THB 208.0m | −THB 181.0m | −THB 444.0m | −THB 857.0m | −THB 81.0m | −THB 440.0m |
| Free cash flow | THB 1.02bn | THB 1.13bn | THB 1.35bn | THB 1.83bn | THB 1.50bn | THB 1.59bn | THB 2.17bn | THB 1.31bn |
| Total assets | THB 88.96bn | THB 89.69bn | THB 90.55bn | THB 97.55bn | THB 97.66bn | THB 102.89bn | THB 96.20bn | THB 108.78bn |
| Cash and short-term investments | THB 988.3m | THB 980.8m | THB 929.0m | THB 926.7m | THB 880.2m | THB 4.75bn | THB 382.7m | THB 376.7m |
| Debt | THB 7.02bn | THB 47.12bn | THB 47.78bn | THB 49.13bn | THB 49.73bn | THB 54.63bn | THB 58.00bn | THB 60.33bn |
| Shareholders' equity | THB 33.32bn | THB 33.68bn | THB 33.27bn | THB 38.35bn | THB 37.46bn | THB 38.66bn | THB 31.38bn | THB 38.77bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.8% | 15.5% | 34.5% | 31.4% | 41.0% | 45.7% |
| Operating margin | -6.7% | -30.3% | 29.9% | 31.2% | 33.9% | 37.5% |
| Net margin | -37.1% | -25.5% | 25.3% | 30.0% | 30.2% | 30.5% |
| Return on equity | -14.6% | -14.8% | 18.2% | 19.5% | 18.8% | 18.7% |
| Return on assets | -5.4% | -4.8% | 6.7% | 7.4% | 7.1% | 6.6% |
| Free cash flow yield | 34.4% | 88.1% | 40.4% | 42.6% | 132.7% | 157.3% |
| Revenue growth | -27.7% | -39.7% | 18.6% | 25.7% | 18.1% | 14.7% |
| Earnings growth | 4.9% | -160.9% | 0.0% | 24.7% | 17.2% | -14.4% |
| Current ratio | 1.56x | 0.94x | 1.00x | 0.85x | 0.92x | 0.54x |
| Debt to equity | 1.43x | 1.85x | 1.51x | 1.31x | 1.33x | 1.55x |
| Equity ratio | 36.7% | 32.6% | 36.5% | 37.7% | 38.0% | 35.4% |
| Interest coverage | -0.37x | -2.03x | 3.93x | 5.60x | 4.92x | 4.05x |
| Buybacks as a share of market value | -100.0% | 0.4% | 0.0% | -1.0% | 0.6% | 0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.8% | -5.2% | 3.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.4% | 28.2% | 32.7% | 37.8% |
| Operating margin | -20.4% | 12.2% | 19.2% | 27.2% |
| Net margin | -30.4% | 6.6% | 13.7% | 20.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.1 | -3.2 | 21.7 | 47.6 | 58.1 | 35.2 | 26.8 | 32.3 | 51.3 | 34.1 |
| Price to sales | 1.5 | 0.8 | 5.5 | 14.3 | 17.6 | 10.7 | 10.9 | 13.9 | 16.9 | 10.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Mar 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.207 | 0.30 | 0.30 | 0.30 | 0.30 | 0.25 | 0.20 | 0.075 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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