3.58
-0.56%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.14bn
FY2016FY2025
Net income
THB 241.7m
FY2016FY2025
Free cash flow
−THB 1.91bn
FY2016FY2025
Shareholders' equity
THB 3.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.14bn | THB 2.53bn | THB 2.09bn | THB 2.04bn | THB 1.87bn | THB 1.83bn | THB 1.91bn | THB 1.47bn | THB 988.4m | THB 857.5m |
| Gross profit | THB 1.62bn | THB 1.39bn | THB 1.11bn | THB 915.2m | THB 662.5m | THB 533.0m | THB 547.5m | THB 363.0m | THB 249.1m | THB 196.5m |
| Operating income | THB 1.21bn | THB 1.31bn | THB 782.0m | THB 591.2m | THB 439.0m | THB 259.8m | THB 249.4m | THB 41.5m | THB 470.7m | THB 130.0m |
| Net income | THB 241.7m | THB 385.0m | THB 234.6m | THB 201.3m | THB 162.9m | THB 102.5m | THB 169.2m | THB 172.9m | THB 374.8m | THB 84.4m |
| Diluted earnings per share | 0.40 | 0.72 | 0.47 | 0.40 | 0.33 | 0.20 | 0.34 | 0.35 | 0.75 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 19.98bn | THB 15.97bn | THB 13.13bn | THB 10.89bn | THB 9.95bn | THB 7.28bn | THB 6.38bn | THB 5.20bn | THB 4.21bn | THB 2.59bn |
| Cash and short-term investments | THB 1.50bn | THB 384.1m | THB 463.3m | THB 194.2m | THB 187.1m | THB 59.2m | THB 52.4m | THB 165.6m | THB 627.2m | THB 429.7m |
| Total liabilities | THB 16.40bn | THB 12.56bn | THB 10.51bn | THB 8.55bn | THB 7.78bn | THB 5.29bn | THB 4.48bn | THB 3.38bn | THB 2.31bn | THB 1.24bn |
| Debt | THB 7.18bn | THB 5.76bn | THB 5.94bn | THB 4.05bn | THB 2.50bn | THB 4.34bn | THB 3.99bn | THB 2.75bn | THB 1.69bn | THB 934.7m |
| Shareholders' equity | THB 3.57bn | THB 3.41bn | THB 2.62bn | THB 2.34bn | THB 2.16bn | THB 1.99bn | THB 1.89bn | THB 1.82bn | THB 1.89bn | THB 1.35bn |
| Shares outstanding | 597m | 535m | 501m | 500m | 500m | 500m | 500m | 500m | 500m | 500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 942.2m | THB 125.3m | THB 430.6m | THB 506.8m | THB 68.5m | THB 533.3m | −THB 15.8m | THB 106.2m | THB 65.6m | THB 85.0m |
| Capital spending | −THB 2.85bn | −THB 2.10bn | −THB 1.69bn | −THB 2.24bn | −THB 1.03bn | −THB 598.2m | −THB 725.5m | −THB 827.5m | −THB 377.2m | −THB 587.6m |
| Free cash flow | −THB 1.91bn | −THB 1.98bn | −THB 1.25bn | −THB 1.73bn | −THB 957.4m | −THB 64.9m | −THB 741.2m | −THB 721.3m | −THB 311.5m | −THB 502.6m |
| Dividends paid | −THB 70.8m | −THB 58.1m | −THB 53.0m | −THB 21.0m | −THB 21.0m | −THB 21.0m | −THB 66.3m | −THB 63.0m | −THB 39.5m | −THB 3.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 876.6m | THB 846.1m | THB 841.6m | THB 798.3m | THB 775.7m | THB 729.2m | THB 688.5m | THB 638.8m |
| Gross profit | THB 489.3m | THB 449.0m | THB 462.0m | THB 409.2m | THB 392.0m | THB 361.3m | THB 374.4m | THB 362.3m |
| Operating income | THB 362.9m | THB 354.8m | THB 341.3m | THB 307.6m | THB 338.0m | THB 298.0m | THB 308.3m | THB 322.4m |
| Net income | THB 95.9m | THB 82.3m | THB 99.8m | THB 34.2m | THB 67.9m | THB 39.8m | THB 178.2m | THB 82.8m |
| Diluted earnings per share | 0.16 | 0.14 | 0.17 | 0.06 | 0.11 | 0.07 | 0.33 | 0.15 |
| Cash from operations | THB 486.0m | THB 326.0m | THB 267.0m | THB 300.0m | THB 7.85bn | THB 207.0m | −THB 25.0m | THB 46.0m |
| Capital spending | — | — | −THB 764.0m | −THB 728.0m | — | — | — | −THB 451.0m |
| Free cash flow | — | — | −THB 497.0m | −THB 428.0m | — | — | — | −THB 405.0m |
| Total assets | THB 20.07bn | THB 19.64bn | THB 19.98bn | THB 17.48bn | THB 17.12bn | THB 16.50bn | THB 15.97bn | THB 15.47bn |
| Cash and short-term investments | — | — | THB 1.50bn | THB 245.4m | THB 315.5m | THB 304.7m | THB 384.1m | THB 710.4m |
| Debt | THB 4.48bn | THB 3.69bn | THB 7.06bn | THB 6.91bn | THB 6.69bn | THB 5.89bn | THB 5.57bn | THB 5.67bn |
| Shareholders' equity | THB 3.67bn | THB 3.66bn | THB 3.57bn | THB 3.48bn | THB 3.45bn | THB 3.45bn | THB 3.41bn | THB 2.77bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 51.7% | 55.0% | 52.9% | 44.8% | 35.5% | 29.0% |
| Operating margin | 38.4% | 51.7% | 37.5% | 30.2% | 25.5% | 14.7% |
| Net margin | 7.7% | 15.2% | 11.2% | 9.8% | 8.7% | 5.6% |
| Return on equity | 6.8% | 11.3% | 9.0% | 8.6% | 7.5% | 5.1% |
| Return on assets | 1.2% | 2.4% | 1.8% | 1.8% | 1.6% | 1.4% |
| Free cash flow yield | 176.8% | 115.7% | 117.3% | 152.4% | 60.8% | 62.9% |
| Revenue growth | 24.2% | 21.1% | 2.2% | 9.6% | 1.7% | -4.0% |
| Earnings growth | -37.2% | 64.1% | 16.5% | 23.6% | 59.0% | -39.4% |
| Current ratio | 0.46x | 0.29x | 0.25x | 0.32x | 0.47x | 0.35x |
| Debt to equity | 1.97x | 1.63x | 2.16x | 1.58x | 1.01x | 1.78x |
| Equity ratio | 17.9% | 21.4% | 19.9% | 21.5% | 21.7% | 27.3% |
| Interest coverage | 1.06x | 1.33x | 1.13x | 1.04x | 1.43x | 1.53x |
| Buybacks as a share of market value | -11.6% | -6.8% | -0.2% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.4% | 11.4% | 17.8% |
| Operating income | 26.9% | 36.0% | 40.8% |
| Net income | 6.3% | 18.7% | 20.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.2% | 51.4% | 46.1% | 40.1% |
| Operating margin | 44.3% | 39.6% | 33.9% | 28.5% |
| Net margin | 11.0% | 10.8% | 9.8% | 11.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.0 | 7.6 | 9.1 | 12.8 | 14.2 | 20.3 | 6.4 | 8.8 | 5.6 | 27.9 |
| Price to sales | 0.7 | 1.2 | 1.0 | 1.3 | 1.2 | 1.1 | 0.6 | 1.0 | 2.1 | 2.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.126 | 0.119 | 0.116 | 0.104 | 0.042 | 0.133 | 0.126 | 0.079 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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