0.05
+25.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.30bn
FY2016FY2025
Net income
−THB 162.5m
FY2016FY2025
Free cash flow
THB 120.1m
FY2016FY2025
Shareholders' equity
THB 1.67bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.30bn | THB 1.68bn | THB 1.66bn | THB 2.01bn | THB 2.68bn | THB 3.24bn | THB 4.85bn | THB 1.13bn | THB 708.2m | THB 906.3m |
| Gross profit | THB 205.6m | THB 332.2m | THB 346.6m | THB 372.8m | THB 613.4m | THB 844.2m | THB 1.29bn | THB 245.9m | THB 100.5m | THB 173.2m |
| Operating income | −THB 175.7m | −THB 95.9m | −THB 85.9m | −THB 223.7m | THB 170.0m | THB 487.1m | THB 749.3m | −THB 165.2m | −THB 218.2m | −THB 67.5m |
| Net income | −THB 162.5m | −THB 338.7m | −THB 341.8m | −THB 458.8m | −THB 145.3m | THB 138.2m | THB 323.8m | −THB 293.3m | −THB 278.9m | −THB 94.9m |
| Diluted earnings per share | -0.03 | -0.07 | -0.07 | -0.09 | -0.03 | 0.04 | 0.08 | -0.08 | -0.07 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 5.52bn | THB 6.08bn | THB 6.63bn | THB 7.08bn | THB 7.93bn | THB 9.49bn | THB 9.89bn | THB 11.10bn | THB 8.31bn | THB 5.37bn |
| Cash and short-term investments | THB 270.0m | THB 36.7m | THB 38.5m | THB 50.1m | THB 36.1m | THB 31.0m | THB 56.3m | THB 63.1m | THB 173.6m | THB 150.4m |
| Total liabilities | THB 3.75bn | THB 4.15bn | THB 4.35bn | THB 4.46bn | THB 5.37bn | THB 6.79bn | THB 7.31bn | THB 8.76bn | THB 5.67bn | THB 2.44bn |
| Debt | THB 2.77bn | THB 2.94bn | THB 3.30bn | THB 3.39bn | THB 3.90bn | THB 5.09bn | THB 4.60bn | THB 6.37bn | THB 4.07bn | THB 1.84bn |
| Shareholders' equity | THB 1.67bn | THB 1.84bn | THB 2.17bn | THB 2.53bn | THB 2.47bn | THB 2.61bn | THB 2.47bn | THB 2.22bn | THB 2.51bn | THB 2.79bn |
| Shares outstanding | 4,855m | 4,855m | 4,855m | 4,855m | 4,596m | 3,885m | 3,885m | 3,885m | 3,885m | 3,885m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 147.5m | THB 638.2m | THB 219.6m | THB 656.7m | THB 1.40bn | THB 477.9m | THB 1.35bn | −THB 1.82bn | −THB 1.82bn | −THB 1.47bn |
| Capital spending | −THB 27.4m | −THB 30.7m | −THB 67.0m | −THB 115.5m | −THB 36.9m | −THB 45.4m | −THB 54.6m | −THB 418.5m | −THB 353.6m | −THB 17.5m |
| Free cash flow | THB 120.1m | THB 607.5m | THB 152.6m | THB 541.3m | THB 1.36bn | THB 432.6m | THB 1.30bn | −THB 2.24bn | −THB 2.17bn | −THB 1.49bn |
| Dividends paid | — | — | −THB 50 | — | −THB 4 | −THB 432 | −THB 432 | −THB 432 | −THB 432 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 313.2m | THB 277.9m | THB 297.5m | THB 356.8m | THB 375.9m | THB 271.5m | THB 718.5m | THB 362.5m |
| Gross profit | THB 64.1m | THB 47.2m | THB 58.1m | THB 52.9m | THB 60.6m | THB 34.0m | THB 115.5m | THB 85.0m |
| Operating income | −THB 27.9m | −THB 42.7m | −THB 17.6m | THB 158.3m | −THB 42.6m | −THB 56.3m | −THB 72.1m | THB 2.4m |
| Net income | −THB 105.5m | −THB 101.2m | −THB 69.4m | THB 102.5m | −THB 91.1m | −THB 104.6m | −THB 143.2m | −THB 53.5m |
| Diluted earnings per share | -0.02 | -0.02 | -0.01 | 0.02 | -0.02 | -0.02 | -0.03 | -0.01 |
| Cash from operations | THB 165.0m | THB 114.0m | THB 79.0m | −THB 61.0m | THB 108.0m | THB 128.0m | THB 131.0m | THB 229.0m |
| Capital spending | −THB 9.0m | −THB 9.0m | −THB 6.0m | −THB 7.0m | −THB 4.0m | −THB 8.0m | −THB 27.0m | — |
| Free cash flow | THB 156.0m | THB 105.0m | THB 73.0m | −THB 68.0m | THB 104.0m | THB 120.0m | THB 104.0m | — |
| Total assets | THB 5.28bn | THB 5.40bn | THB 5.52bn | THB 5.68bn | THB 5.68bn | THB 5.97bn | THB 6.08bn | THB 6.10bn |
| Cash and short-term investments | — | THB 43.2m | THB 270.0m | THB 280.6m | THB 42.7m | THB 37.4m | THB 36.7m | THB 24.4m |
| Debt | THB 929.0m | THB 2.70bn | THB 2.37bn | THB 2.83bn | THB 2.78bn | THB 2.85bn | THB 2.91bn | THB 2.97bn |
| Shareholders' equity | THB 1.47bn | THB 1.57bn | THB 1.67bn | THB 1.74bn | THB 1.64bn | THB 1.73bn | THB 1.84bn | THB 1.98bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.5% | -16.7% | 5.5% |
| Operating income | -7.7% | — | 7.5% |
| Net income | -29.2% | — | 5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 18.9% | 21.6% | 22.6% |
| Operating margin | -9.1% | -8.7% | 0.6% | 1.4% |
| Net margin | -16.8% | -19.6% | -10.4% | -8.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.2 | -1.7 | -2.3 | -2.9 | -13.0 | 6.2 | 3.1 | -6.4 | -5.8 | -31.5 |
| Price to sales | 0.1 | 0.3 | 0.5 | 0.7 | 0.7 | 0.3 | 0.2 | 1.7 | 2.3 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Apr 2008.
| FY2008 | |
|---|---|
| Paid in the year | 0.002 |
- 1.02-for-1 split · 22 Apr 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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