0.61
-3.17%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 753.6m
FY2016FY2025
Net income
THB 491.9m
FY2016FY2025
Free cash flow
THB 52.1m
FY2016FY2025
Shareholders' equity
THB 3.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 753.6m | THB 752.7m | THB 708.4m | THB 738.3m | THB 730.2m | THB 670.6m | THB 362.4m | THB 325.2m | THB 184.1m | THB 1.4m |
| Gross profit | THB 280.7m | THB 268.6m | THB 222.4m | THB 270.7m | THB 339.3m | THB 357.6m | THB 185.7m | THB 184.3m | THB 99.1m | THB 267,226 |
| Operating income | THB 183.5m | THB 207.4m | THB 152.5m | THB 201.1m | THB 258.7m | THB 281.9m | THB 110.5m | THB 112.9m | THB 34.4m | −THB 26.7m |
| Net income | THB 491.9m | THB 93.4m | THB 31.0m | THB 131.1m | THB 187.4m | THB 194.5m | THB 57.5m | THB 67.0m | −THB 1.9m | −THB 28.3m |
| Diluted earnings per share | 0.22 | 0.04 | 0.01 | 0.06 | 0.08 | 0.09 | 0.03 | 0.04 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.83bn | THB 5.16bn | THB 5.10bn | THB 4.55bn | THB 3.97bn | THB 4.03bn | THB 2.60bn | THB 2.34bn | THB 2.03bn | THB 1.42bn |
| Cash and short-term investments | THB 1.10bn | THB 2.14bn | THB 1.55bn | THB 1.24bn | THB 1.17bn | THB 1.36bn | THB 33.8m | THB 121.4m | THB 296.7m | THB 83.1m |
| Total liabilities | THB 308.7m | THB 2.13bn | THB 2.17bn | THB 1.65bn | THB 1.21bn | THB 1.46bn | THB 1.71bn | THB 1.50bn | THB 1.26bn | THB 850.0m |
| Debt | THB 145.9m | THB 1.97bn | THB 2.02bn | THB 1.49bn | THB 1.04bn | THB 1.33bn | THB 1.55bn | THB 1.31bn | THB 1.16bn | THB 564.0m |
| Shareholders' equity | THB 3.48bn | THB 2.99bn | THB 2.90bn | THB 2.87bn | THB 2.74bn | THB 2.55bn | THB 882.9m | THB 825.2m | THB 754.8m | THB 570.9m |
| Shares outstanding | 2,240m | 2,240m | 2,240m | 2,240m | 2,240m | 2,240m | 2,240m | 1,640m | 2,240m | 2,240m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 132.0m | THB 315.7m | THB 192.4m | THB 113.0m | THB 486.8m | THB 365.0m | THB 189.9m | THB 104.1m | −THB 22.3m | −THB 82.4m |
| Capital spending | −THB 79.8m | −THB 103.2m | −THB 351.1m | −THB 75.6m | −THB 97.8m | −THB 95.5m | −THB 428.8m | −THB 628.0m | −THB 296.6m | −THB 781.9m |
| Free cash flow | THB 52.1m | THB 212.6m | −THB 158.7m | THB 37.4m | THB 389.1m | THB 269.5m | −THB 238.9m | −THB 523.9m | −THB 318.9m | −THB 864.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 192.1m | THB 181.6m | THB 184.9m | THB 202.0m | THB 168.7m | THB 198.0m | THB 190.1m | THB 188.2m |
| Gross profit | THB 62.3m | THB 62.5m | THB 58.7m | THB 83.4m | THB 55.6m | THB 83.0m | THB 69.0m | THB 72.3m |
| Operating income | THB 38.5m | THB 46.3m | THB 33.6m | THB 58.1m | THB 39.6m | THB 63.9m | THB 42.3m | THB 55.1m |
| Net income | THB 34.4m | THB 39.2m | THB 29.3m | THB 425.1m | THB 10.7m | THB 26.7m | THB 12.8m | THB 28.1m |
| Diluted earnings per share | 0.02 | 0.02 | 0.01 | 0.19 | 0.00 | 0.01 | 0.01 | 0.01 |
| Cash from operations | −THB 4.0m | THB 53.0m | THB 47.0m | −THB 18.0m | THB 77.0m | THB 85.0m | THB 72.0m | THB 87.0m |
| Capital spending | −THB 2.0m | −THB 10.0m | −THB 44.0m | −THB 9.0m | −THB 10.0m | −THB 15.0m | −THB 9.0m | −THB 15.0m |
| Free cash flow | −THB 6.0m | THB 43.0m | THB 3.0m | −THB 27.0m | THB 67.0m | THB 70.0m | THB 63.0m | THB 72.0m |
| Total assets | THB 3.70bn | THB 3.85bn | THB 3.83bn | THB 4.33bn | THB 4.63bn | THB 5.15bn | THB 5.16bn | THB 4.68bn |
| Cash and short-term investments | — | THB 1.13bn | THB 1.10bn | THB 1.61bn | THB 1.45bn | THB 2.00bn | THB 2.14bn | THB 1.63bn |
| Debt | — | THB 92.5m | THB 132.9m | THB 659.0m | THB 1.40bn | THB 1.93bn | THB 1.96bn | THB 1.51bn |
| Shareholders' equity | THB 3.45bn | THB 3.52bn | THB 3.48bn | THB 3.46bn | THB 3.03bn | THB 3.02bn | THB 2.99bn | THB 2.98bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 37.2% | 35.7% | 31.4% | 36.7% | 46.5% | 53.3% |
| Operating margin | 24.3% | 27.5% | 21.5% | 27.2% | 35.5% | 42.0% |
| Net margin | 65.3% | 12.4% | 4.4% | 17.8% | 25.7% | 29.0% |
| Return on equity | 14.1% | 3.1% | 1.1% | 4.6% | 6.8% | 7.6% |
| Return on assets | 12.8% | 1.8% | 0.6% | 2.9% | 4.7% | 4.8% |
| Free cash flow yield | 14.8% | 29.2% | 37.9% | 13.2% | 40.8% | 32.1% |
| Revenue growth | 0.1% | 6.3% | -4.0% | 1.1% | 8.9% | 85.0% |
| Earnings growth | 426.7% | 201.3% | -76.4% | -30.0% | -3.7% | 237.9% |
| Current ratio | 5.40x | 3.12x | 3.18x | 2.78x | 3.38x | 3.89x |
| Debt to equity | 0.04x | 0.65x | 0.67x | 0.49x | 0.36x | 0.50x |
| Equity ratio | 90.8% | 58.0% | 56.8% | 63.1% | 69.0% | 63.4% |
| Interest coverage | 1.89x | 1.92x | 1.30x | 3.20x | 3.77x | 3.52x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 2.4% | 78.7% |
| Operating income | -3.0% | -8.2% | — |
| Net income | 55.4% | 20.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.5% | 35.3% | 40.0% | 42.3% |
| Operating margin | 25.9% | 25.2% | 29.5% | 28.6% |
| Net margin | 38.9% | 25.3% | 25.9% | 23.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 2.5 | 41.7 | 196.6 | 67.0 | 35.4 | 21.5 |
| Price to sales | 1.7 | 5.2 | 8.6 | 11.9 | 9.1 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 May 2026.
| FY2026 | |
|---|---|
| Paid in the year | 0.048 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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