4.48
+0.45%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.14bn
FY2016FY2025
Net income
THB 35.3m
FY2016FY2025
Free cash flow
THB 266.7m
FY2016FY2025
Shareholders' equity
THB 1.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.14bn | THB 1.94bn | THB 1.63bn | THB 1.31bn | THB 1.32bn | THB 1.50bn | THB 1.22bn | THB 1.00bn | THB 529.3m | THB 500.8m |
| Gross profit | THB 98.0m | THB 161.5m | THB 187.3m | THB 181.5m | THB 276.1m | THB 233.2m | THB 212.8m | THB 174.4m | THB 102.6m | THB 104.1m |
| Operating income | THB 30.3m | THB 120.4m | THB 147.1m | THB 132.7m | THB 214.0m | THB 170.4m | THB 148.7m | THB 120.5m | THB 79.8m | THB 61.6m |
| Net income | THB 35.3m | THB 88.9m | THB 109.2m | THB 105.5m | THB 170.5m | THB 135.5m | THB 120.1m | THB 94.6m | THB 63.9m | THB 48.2m |
| Diluted earnings per share | 0.04 | 0.11 | 0.13 | 0.14 | 0.23 | 0.22 | 0.20 | 0.15 | 0.08 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.98bn | THB 2.39bn | THB 1.89bn | THB 1.45bn | THB 1.22bn | THB 1.33bn | THB 1.04bn | THB 606.7m | THB 387.5m | THB 463.7m |
| Cash and short-term investments | THB 21.8m | THB 117.9m | THB 626.9m | THB 119.4m | THB 410.1m | THB 190.9m | THB 473.9m | THB 174.1m | THB 91.4m | THB 67.9m |
| Total liabilities | THB 599.5m | THB 965.8m | THB 511.6m | THB 244.8m | THB 251.8m | THB 492.8m | THB 264.3m | THB 247.5m | THB 197.9m | THB 233.1m |
| Debt | THB 67.3m | THB 306.2m | THB 184.2m | THB 10.8m | THB 17.8m | THB 23.9m | THB 21.5m | THB 35.8m | — | — |
| Shareholders' equity | THB 1.38bn | THB 1.43bn | THB 1.38bn | THB 1.21bn | THB 964.3m | THB 839.1m | THB 780.3m | THB 359.2m | THB 189.7m | THB 230.6m |
| Shares outstanding | 812m | 813m | 813m | 750m | 745m | 616m | 616m | 616m | 804m | 804m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 277.0m | −THB 562.0m | THB 303.3m | −THB 411.6m | THB 276.6m | −THB 177.5m | THB 61.2m | −THB 18.9m | THB 151.3m | — |
| Capital spending | −THB 10.3m | −THB 25.3m | −THB 2.4m | −THB 5.1m | −THB 644,863 | −THB 9.1m | −THB 33.6m | −THB 12.7m | −THB 13.8m | — |
| Free cash flow | THB 266.7m | −THB 587.3m | THB 300.9m | −THB 416.7m | THB 275.9m | −THB 186.6m | THB 27.6m | −THB 31.6m | THB 137.5m | — |
| Dividends paid | −THB 65.0m | −THB 40.6m | −THB 67.9m | −THB 133.9m | −THB 45.4m | −THB 85.7m | −THB 79.6m | −THB 150.0m | −THB 89.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 720.4m | THB 649.6m | THB 423.4m | THB 206.8m | THB 221.8m | THB 292.0m | THB 596.3m | THB 762.9m |
| Gross profit | THB 106.2m | THB 69.9m | THB 21.1m | THB 26.8m | THB 22.5m | THB 27.7m | THB 38.5m | THB 65.0m |
| Operating income | THB 81.2m | THB 54.0m | THB 2.7m | THB 17.4m | THB 11.9m | THB 16.3m | THB 16.8m | THB 51.3m |
| Net income | THB 63.7m | THB 41.6m | THB 3.9m | THB 12.4m | THB 8.5m | THB 10.5m | THB 11.4m | THB 39.4m |
| Diluted earnings per share | 0.08 | 0.05 | 0.00 | 0.02 | 0.01 | 0.01 | 0.01 | 0.05 |
| Cash from operations | −THB 47.0m | −THB 58.0m | −THB 244.0m | −THB 44.0m | THB 324.0m | THB 241.0m | −THB 421.0m | −THB 92.0m |
| Capital spending | −THB 7.0m | −THB 12.0m | −THB 6.0m | — | — | −THB 3.0m | −THB 5.0m | −THB 5.0m |
| Free cash flow | −THB 54.0m | −THB 70.0m | −THB 250.0m | — | — | THB 238.0m | −THB 426.0m | −THB 97.0m |
| Total assets | THB 3.14bn | THB 2.49bn | THB 1.98bn | THB 1.79bn | THB 1.82bn | THB 2.03bn | THB 2.39bn | THB 2.39bn |
| Cash and short-term investments | THB 282.2m | THB 104.0m | THB 21.8m | THB 300.0m | THB 370.2m | THB 222.0m | THB 117.9m | THB 376.8m |
| Debt | THB 558.0m | THB 227.2m | THB 65.2m | THB 75.5m | THB 89.6m | THB 169.9m | THB 300.3m | THB 133.2m |
| Shareholders' equity | THB 1.45bn | THB 1.43bn | THB 1.38bn | THB 1.39bn | THB 1.38bn | THB 1.44bn | THB 1.43bn | THB 1.41bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.6% | 8.3% | 11.5% | 13.9% | 21.0% | 15.5% |
| Operating margin | 2.6% | 6.2% | 9.0% | 10.1% | 16.3% | 11.4% |
| Net margin | 3.1% | 4.6% | 6.7% | 8.1% | 13.0% | 9.0% |
| Return on equity | 2.5% | 6.2% | 7.9% | 8.7% | 17.7% | 16.1% |
| Return on assets | 1.8% | 3.7% | 5.8% | 7.3% | 14.0% | 10.2% |
| Free cash flow yield | 8.2% | -15.4% | 8.7% | -12.6% | 8.7% | -6.4% |
| Revenue growth | -41.2% | 19.1% | 24.5% | -0.3% | -12.4% | 23.4% |
| Earnings growth | -60.3% | -18.5% | 3.4% | -38.1% | 25.9% | 12.8% |
| Current ratio | 2.65x | 2.15x | 3.56x | 4.54x | 4.70x | 2.52x |
| Debt to equity | 0.04x | 0.21x | 0.13x | 0.00x | 0.01x | 0.02x |
| Equity ratio | 69.8% | 59.6% | 72.9% | 83.2% | 79.3% | 63.0% |
| Interest coverage | 4.56x | 14.31x | 18.06x | 250.82x | 254.60x | 163.18x |
| Buybacks as a share of market value | 0.1% | 0.0% | -8.3% | -0.7% | -20.9% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.4% | -5.3% | 8.6% |
| Operating income | -38.9% | -29.2% | -7.0% |
| Net income | -30.6% | -23.6% | -3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.4% | 10.4% | 12.9% | 14.6% |
| Operating margin | 4.9% | 7.1% | 9.2% | 10.2% |
| Net margin | 4.0% | 5.6% | 7.3% | 8.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 39.6 | 28.7 | 17.3 | 22.8 | 26.4 | 14.3 | 12.1 |
| Price to sales | 1.2 | 1.3 | 1.2 | 1.8 | 3.4 | 1.3 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 10 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.08 | 0.05 | 0.09 | 0.21 | 0.081 | 0.139 | 0.032 |
- 11-for-10 split · 28 Apr 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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