3.76
-0.53%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 13.25bn
FY2016FY2025
Net income
−THB 62.0m
FY2016FY2025
Free cash flow
−THB 422.3m
FY2016FY2025
Shareholders' equity
THB 9.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 13.25bn | THB 14.38bn | THB 14.07bn | THB 23.52bn | THB 19.13bn | THB 13.18bn | THB 14.40bn | THB 16.13bn | THB 15.47bn | THB 13.71bn |
| Gross profit | THB 640.5m | THB 738.6m | THB 308.4m | THB 780.0m | THB 1.50bn | THB 413.2m | THB 430.0m | THB 1.17bn | THB 1.02bn | THB 1.04bn |
| Operating income | THB 103.6m | THB 441.1m | −THB 79.8m | THB 268.7m | THB 1.11bn | −THB 26.7m | −THB 51.8m | THB 608.0m | THB 486.5m | THB 589.2m |
| Net income | −THB 62.0m | THB 350.8m | −THB 73.1m | THB 206.1m | THB 885.6m | −THB 17.4m | −THB 36.7m | THB 562.4m | THB 316.1m | THB 589.0m |
| Diluted earnings per share | -0.08 | 0.45 | -0.09 | 0.26 | 1.14 | -0.02 | -0.05 | 0.72 | 0.41 | 0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 11.32bn | THB 11.97bn | THB 11.62bn | THB 11.61bn | THB 13.84bn | THB 10.91bn | THB 11.64bn | THB 12.84bn | THB 12.96bn | THB 11.88bn |
| Cash and short-term investments | THB 2.37bn | THB 3.05bn | THB 2.31bn | THB 1.11bn | THB 2.69bn | THB 1.07bn | THB 1.84bn | THB 3.24bn | THB 3.05bn | THB 2.22bn |
| Total liabilities | THB 2.27bn | THB 2.68bn | THB 2.67bn | THB 2.40bn | THB 4.02bn | THB 1.98bn | THB 2.68bn | THB 3.39bn | THB 3.87bn | THB 2.70bn |
| Debt | THB 17.8m | THB 32.6m | THB 42.8m | THB 14.3m | THB 22.9m | THB 40.8m | THB 216.8m | THB 197.2m | THB 259.3m | THB 76.2m |
| Shareholders' equity | THB 9.04bn | THB 9.29bn | THB 8.95bn | THB 9.21bn | THB 9.83bn | THB 8.93bn | THB 8.95bn | THB 9.45bn | THB 9.10bn | THB 9.18bn |
| Shares outstanding | 780m | 780m | 790m | 780m | 780m | 780m | 780m | 780m | 780m | 780m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −THB 278.4m | THB 923.6m | THB 1.53bn | −THB 565.8m | THB 1.86bn | −THB 479.2m | −THB 610.1m | THB 597.0m | THB 1.39bn | THB 540.0m |
| Capital spending | −THB 143.9m | −THB 215.8m | −THB 123.4m | −THB 148.2m | −THB 201.7m | −THB 336.3m | −THB 428.5m | −THB 157.7m | −THB 208.2m | −THB 139.5m |
| Free cash flow | −THB 422.3m | THB 707.8m | THB 1.41bn | −THB 714.0m | THB 1.65bn | −THB 815.6m | −THB 1.04bn | THB 439.3m | THB 1.18bn | THB 400.5m |
| Dividends paid | −THB 179.3m | −THB 10,640 | −THB 189.4m | −THB 834.1m | −THB 834.1m | −THB 834.1m | −THB 446.1m | −THB 207.3m | −THB 385.8m | −THB 105.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.66bn | THB 3.59bn | THB 2.98bn | THB 3.28bn | THB 3.37bn | THB 3.62bn | THB 3.71bn | THB 3.58bn |
| Gross profit | THB 143.4m | THB 172.7m | THB 50.6m | THB 132.7m | THB 187.9m | THB 269.3m | THB 199.9m | THB 164.0m |
| Operating income | THB 33.8m | THB 68.5m | −THB 60.7m | THB 45.0m | THB 59.3m | THB 31.1m | THB 86.0m | THB 52.2m |
| Net income | THB 50.7m | THB 98.6m | −THB 26.6m | THB 38.9m | THB 45.3m | −THB 119.6m | THB 94.1m | THB 60.8m |
| Diluted earnings per share | 0.07 | 0.13 | -0.03 | 0.05 | 0.06 | -0.15 | 0.12 | 0.08 |
| Cash from operations | −THB 14.0m | THB 33.0m | −THB 364.0m | THB 316.0m | −THB 87.0m | −THB 136.0m | THB 358.0m | −THB 34.0m |
| Capital spending | −THB 25.0m | −THB 45.0m | −THB 8.0m | −THB 43.0m | −THB 46.0m | −THB 44.0m | −THB 87.0m | −THB 90.0m |
| Free cash flow | −THB 39.0m | −THB 12.0m | −THB 372.0m | THB 273.0m | −THB 133.0m | −THB 180.0m | THB 271.0m | −THB 124.0m |
| Total assets | THB 11.95bn | THB 11.41bn | THB 11.32bn | THB 11.29bn | THB 11.10bn | THB 11.73bn | THB 11.97bn | THB 12.06bn |
| Cash and short-term investments | — | — | THB 2.37bn | THB 2.74bn | THB 2.48bn | THB 2.87bn | THB 3.05bn | THB 2.76bn |
| Debt | — | — | THB 12.6m | THB 17.4m | THB 20.9m | THB 49.0m | THB 41.1m | THB 44.2m |
| Shareholders' equity | THB 9.19bn | THB 9.14bn | THB 9.04bn | THB 9.08bn | THB 9.04bn | THB 9.17bn | THB 9.29bn | THB 9.20bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 4.8% | 5.1% | 2.2% | 3.3% | 7.8% | 3.1% |
| Operating margin | 0.8% | 3.1% | -0.6% | 1.1% | 5.8% | -0.2% |
| Net margin | -0.5% | 2.4% | -0.5% | 0.9% | 4.6% | -0.1% |
| Return on equity | -0.7% | 3.8% | -0.8% | 2.2% | 9.0% | -0.2% |
| Return on assets | -0.5% | 2.9% | -0.6% | 1.8% | 6.4% | -0.2% |
| Free cash flow yield | -4.5% | 38.0% | 54.5% | -14.0% | 68.7% | -4.8% |
| Revenue growth | -7.8% | 2.2% | -40.2% | 22.9% | 45.2% | -8.5% |
| Earnings growth | -117.7% | -580.1% | -135.5% | -76.7% | -5180.0% | -52.4% |
| Current ratio | 4.21x | 3.71x | 3.52x | 3.87x | 2.79x | 4.29x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 79.9% | 77.6% | 77.0% | 79.3% | 71.0% | 81.9% |
| Interest coverage | 59.23x | 242.57x | -35.40x | 18.79x | 527.52x | -24.35x |
| Buybacks as a share of market value | 0.1% | 1.2% | -1.3% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.4% | 0.1% | 1.2% |
| Operating income | -27.2% | — | 27.0% |
| Net income | — | 28.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.0% | 3.8% | 4.5% | 5.1% |
| Operating margin | 2.0% | 1.1% | 1.9% | 2.0% |
| Net margin | 1.0% | 0.6% | 1.3% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -46.5 | 10.0 | -62.7 | 38.2 | 9.9 | -192.3 | -131.8 | 13.7 | 33.3 | 23.6 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | 0.3 | 0.3 | 0.5 | 0.7 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 27 Feb 2025.
| FY2025 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.23 | 0.243 | 1.07 | 0.572 | 0.266 | 0.495 | 0.135 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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