4.74
+0.85%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.25bn
FY2016FY2025
Net income
−THB 483.4m
FY2016FY2025
Free cash flow
THB 1.46bn
FY2016FY2025
Shareholders' equity
THB 3.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.25bn | THB 6.51bn | THB 6.90bn | THB 7.04bn | THB 6.06bn | THB 5.15bn | THB 5.63bn | THB 5.33bn | THB 4.25bn | THB 2.94bn |
| Gross profit | THB 844.5m | THB 1.58bn | THB 1.72bn | THB 1.35bn | THB 1.18bn | THB 762.6m | THB 997.9m | THB 932.5m | THB 629.8m | THB 688.2m |
| Operating income | THB 326.7m | THB 1.03bn | THB 1.08bn | THB 849.9m | THB 758.8m | THB 323.4m | THB 516.4m | THB 469.8m | THB 157.2m | THB 330.2m |
| Net income | −THB 483.4m | THB 564.6m | THB 531.6m | THB 542.0m | THB 353.1m | THB 269.1m | THB 195.3m | THB 261.0m | THB 28.1m | THB 220.9m |
| Diluted earnings per share | -0.89 | 1.04 | 0.98 | 1.00 | 0.67 | 0.50 | 0.33 | 0.44 | 0.05 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 4.56bn | THB 13.20bn | THB 13.03bn | THB 11.59bn | THB 11.34bn | THB 10.05bn | THB 10.86bn | THB 9.47bn | THB 7.13bn | THB 5.59bn |
| Cash and short-term investments | THB 1.30bn | THB 992.0m | THB 1.02bn | THB 621.1m | THB 490.9m | THB 271.2m | THB 1.24bn | THB 587.8m | THB 919.9m | THB 1.45bn |
| Total liabilities | THB 841.5m | THB 6.46bn | THB 6.76bn | THB 6.00bn | THB 6.48bn | THB 6.41bn | THB 7.38bn | THB 6.01bn | THB 3.95bn | THB 2.40bn |
| Debt | THB 154.2m | THB 4.81bn | THB 4.76bn | THB 3.73bn | THB 4.58bn | THB 4.92bn | THB 5.69bn | THB 3.82bn | THB 2.02bn | THB 1.29bn |
| Shareholders' equity | THB 3.70bn | THB 4.43bn | THB 4.08bn | THB 3.67bn | THB 3.40bn | THB 2.85bn | THB 2.75bn | THB 2.80bn | THB 2.57bn | THB 2.62bn |
| Shares outstanding | 544m | 544m | 544m | 544m | 529m | 534m | 592m | 594m | 582m | 580m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.87bn | THB 534.7m | THB 228.8m | THB 1.78bn | THB 452.6m | THB 54.7m | THB 154.2m | −THB 684.7m | −THB 335.7m | THB 97.8m |
| Capital spending | −THB 403.8m | −THB 555.4m | −THB 578.4m | −THB 338.2m | −THB 341.1m | −THB 371.3m | −THB 668.9m | −THB 935.5m | −THB 761.0m | −THB 516.5m |
| Free cash flow | THB 1.46bn | −THB 20.7m | −THB 349.7m | THB 1.44bn | THB 111.5m | −THB 316.5m | −THB 514.7m | −THB 1.62bn | −THB 1.10bn | −THB 418.7m |
| Dividends paid | −THB 228.3m | −THB 212.0m | −THB 108.7m | −THB 206.6m | −THB 74.0m | −THB 16.3m | −THB 98.9m | −THB 37.3m | −THB 72.5m | −THB 90.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 779.1m | THB 978.1m | −THB 1.45bn | THB 1.66bn | THB 1.30bn | THB 1.75bn | THB 1.46bn | THB 1.82bn |
| Gross profit | THB 193.7m | THB 215.6m | −THB 109.7m | THB 321.3m | THB 274.9m | THB 358.0m | THB 317.9m | THB 432.4m |
| Operating income | THB 62.6m | THB 76.7m | −THB 6.0m | THB 95.5m | THB 83.3m | THB 154.0m | THB 152.9m | THB 256.7m |
| Net income | THB 67.0m | THB 78.3m | −THB 729.6m | THB 85.8m | THB 66.1m | THB 94.3m | THB 134.0m | THB 142.6m |
| Diluted earnings per share | 0.12 | 0.14 | -1.34 | 0.16 | 0.12 | 0.17 | 0.25 | 0.26 |
| Cash from operations | −THB 376.0m | THB 251.0m | −THB 133.0m | THB 339.0m | THB 338.0m | THB 1.48bn | THB 178.0m | THB 243.0m |
| Capital spending | — | −THB 3.0m | −THB 125.0m | −THB 117.0m | −THB 101.0m | −THB 99.0m | −THB 136.0m | −THB 169.0m |
| Free cash flow | — | THB 248.0m | −THB 258.0m | THB 222.0m | THB 237.0m | THB 1.38bn | THB 42.0m | THB 74.0m |
| Total assets | THB 4.76bn | THB 4.88bn | THB 4.56bn | THB 11.87bn | THB 11.68bn | THB 12.43bn | THB 13.20bn | THB 13.63bn |
| Cash and short-term investments | THB 1.04bn | THB 1.57bn | THB 1.30bn | THB 1.36bn | THB 1.09bn | THB 1.47bn | THB 992.0m | THB 929.7m |
| Debt | THB 308.8m | THB 167.9m | THB 141.1m | THB 2.86bn | THB 2.78bn | THB 3.11bn | THB 4.06bn | THB 4.37bn |
| Shareholders' equity | THB 3.68bn | THB 3.78bn | THB 3.70bn | THB 4.45bn | THB 4.36bn | THB 4.53bn | THB 4.43bn | THB 4.30bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.0% | 24.2% | 25.0% | 19.2% | 19.5% | 14.8% |
| Operating margin | -10.8% | 16.9% | 15.6% | 12.1% | 12.6% | 6.3% |
| Net margin | -14.9% | 8.7% | 7.7% | 7.7% | 5.8% | 5.2% |
| Return on equity | -13.1% | 12.7% | 13.0% | 14.8% | 10.4% | 9.5% |
| Return on assets | -10.6% | 4.3% | 4.1% | 4.7% | 3.1% | 2.7% |
| Free cash flow yield | 86.7% | 41.6% | 30.8% | 81.0% | 31.1% | 16.5% |
| Revenue growth | -50.1% | -5.6% | -2.0% | 16.2% | 17.5% | -8.4% |
| Earnings growth | -185.6% | 6.2% | -1.9% | 53.5% | 31.2% | 37.8% |
| Current ratio | 3.78x | 1.45x | 1.26x | 1.39x | 1.12x | 1.01x |
| Debt to equity | 0.04x | 0.92x | 0.97x | 0.79x | 1.31x | 1.67x |
| Equity ratio | 81.1% | 33.6% | 31.3% | 31.6% | 30.0% | 28.3% |
| Interest coverage | -45.22x | 5.56x | 5.98x | 5.08x | 5.12x | 2.01x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -2.7% | 0.9% | 9.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.7% | -8.8% | 0.6% |
| Operating income | -27.3% | 0.2% | -0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.8% | 23.2% | 21.3% | 20.3% |
| Operating margin | 13.9% | 13.9% | 12.5% | 11.0% |
| Net margin | 0.8% | 4.9% | 5.1% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | 5.5 | 7.3 | 7.0 | 11.5 | 8.9 | 11.5 | 9.3 | 187.9 | 36.8 |
| Price to sales | 0.8 | 0.5 | 0.6 | 0.5 | 0.7 | 0.5 | 0.4 | 0.5 | 1.2 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.42 | 0.39 | 0.20 | 0.38 | 0.14 | 0.03 | 0.14 | 0.037 |
- 3-for-2 split · 10 May 2018
- 5-for-4 split · 6 May 2015
- 2-for-1 split · 30 Apr 2014
- 11-for-10 split · 19 Feb 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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