4.86
+0.83%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.19bn
FY2016FY2025
Net income
THB 122.4m
FY2016FY2025
Free cash flow
THB 147.1m
FY2016FY2025
Shareholders' equity
THB 2.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.19bn | THB 1.90bn | THB 1.78bn | THB 1.52bn | THB 908.6m | THB 442.1m | THB 371.3m | THB 313.6m | THB 247.3m | THB 125.4m |
| Operating income | THB 171.4m | THB 75.5m | THB 109.4m | THB 171.7m | THB 145.8m | THB 78.3m | THB 61.5m | THB 41.0m | THB 28.6m | THB 27.4m |
| Net income | THB 122.4m | THB 37.3m | THB 50.8m | THB 118.9m | THB 105.2m | THB 52.5m | THB 43.5m | THB 29.7m | THB 15.7m | THB 15.6m |
| Diluted earnings per share | 0.20 | 0.06 | 0.14 | 0.32 | 0.35 | 0.26 | 0.15 | 0.10 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.24bn | THB 3.02bn | THB 2.95bn | THB 3.03bn | THB 1.33bn | THB 749.9m | THB 525.9m | THB 192.2m | THB 104.6m | THB 79.9m |
| Cash and short-term investments | THB 280.6m | THB 185.5m | THB 413.2m | THB 777.3m | THB 174.7m | THB 153.1m | THB 342.8m | THB 32.6m | THB 36.2m | THB 6.7m |
| Total liabilities | THB 939.8m | THB 866.4m | THB 834.6m | THB 952.2m | THB 543.5m | THB 262.3m | THB 60.1m | THB 85.2m | THB 25.9m | THB 42.9m |
| Debt | THB 400.9m | THB 394.4m | THB 399.9m | THB 539.0m | THB 356.0m | THB 120.4m | THB 9.2m | THB 11.6m | THB 62,343 | THB 556,914 |
| Shareholders' equity | THB 2.06bn | THB 1.94bn | THB 1.91bn | THB 1.93bn | THB 761.6m | THB 471.1m | THB 455.7m | THB 100.5m | THB 73.3m | THB 37.0m |
| Shares outstanding | 605m | 605m | 373m | 373m | 298m | 206m | 288m | 290m | 605m | 605m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 289.1m | THB 177.8m | THB 121.4m | THB 143.1m | −THB 41.6m | −THB 8.8m | THB 5.0m | −THB 6.2m | THB 11.5m | THB 25.2m |
| Capital spending | −THB 142.0m | −THB 261.5m | −THB 144.1m | −THB 50.0m | −THB 237.8m | −THB 14.5m | −THB 2.2m | −THB 9.2m | −THB 4.3m | −THB 1.3m |
| Free cash flow | THB 147.1m | −THB 83.6m | −THB 22.7m | THB 93.1m | −THB 279.4m | −THB 23.3m | THB 2.9m | −THB 15.4m | THB 7.2m | THB 23.9m |
| Dividends paid | — | −THB 13.0m | −THB 67.0m | −THB 47 | −THB 4.8m | −THB 38.0m | −THB 11.6m | −THB 28.0m | −THB 36.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 555.1m | THB 559.9m | THB 571.9m | THB 556.0m | THB 534.8m | THB 530.8m | THB 532.0m | THB 436.1m |
| Operating income | THB 52.6m | THB 55.1m | THB 39.7m | THB 62.7m | THB 44.2m | THB 40.4m | THB 26.5m | THB 18.2m |
| Net income | THB 33.2m | THB 35.8m | THB 25.4m | THB 43.6m | THB 28.2m | THB 25.9m | THB 14.3m | THB 3.8m |
| Diluted earnings per share | 0.05 | 0.06 | 0.04 | 0.07 | 0.05 | 0.04 | 0.02 | 0.01 |
| Cash from operations | THB 18.0m | THB 69.0m | THB 66.0m | THB 81.0m | THB 55.0m | THB 100.0m | THB 33.0m | THB 48.0m |
| Capital spending | −THB 15.0m | −THB 32.0m | −THB 56.0m | −THB 23.0m | −THB 38.0m | −THB 33.0m | −THB 74.0m | −THB 89.0m |
| Free cash flow | THB 3.0m | THB 37.0m | THB 10.0m | THB 58.0m | THB 17.0m | THB 67.0m | −THB 41.0m | −THB 41.0m |
| Total assets | THB 3.25bn | THB 3.27bn | THB 3.24bn | THB 3.20bn | THB 3.14bn | THB 3.20bn | THB 3.02bn | THB 2.99bn |
| Cash and short-term investments | — | THB 305.0m | THB 280.6m | THB 303.4m | THB 279.9m | THB 330.2m | THB 185.5m | THB 219.3m |
| Debt | THB 118.4m | THB 323.2m | THB 371.9m | THB 353.9m | THB 369.7m | THB 422.6m | THB 328.9m | THB 334.2m |
| Shareholders' equity | THB 2.08bn | THB 2.09bn | THB 2.06bn | THB 2.03bn | THB 1.99bn | THB 1.96bn | THB 1.94bn | THB 1.92bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.8% | 3.9% | 6.1% | 11.2% | 16.0% | 17.4% |
| Net margin | 5.6% | 2.0% | 2.9% | 7.8% | 11.6% | 11.9% |
| Return on equity | 5.9% | 1.9% | 2.7% | 6.2% | 13.8% | 11.2% |
| Return on assets | 3.8% | 1.2% | 1.7% | 3.9% | 7.9% | 7.0% |
| Free cash flow yield | 14.5% | 14.8% | 14.5% | 10.5% | 13.4% | 0.6% |
| Revenue growth | 15.6% | 6.5% | 16.9% | 67.7% | 105.5% | 19.1% |
| Earnings growth | 228.3% | -26.6% | -57.3% | 13.0% | 100.3% | 20.9% |
| Current ratio | 1.73x | 1.87x | 2.51x | 3.04x | 1.99x | 2.60x |
| Debt to equity | 0.16x | 0.17x | 0.18x | 0.24x | 0.47x | 0.25x |
| Equity ratio | 63.6% | 64.1% | 64.8% | 63.7% | 57.4% | 62.8% |
| Interest coverage | 8.76x | 3.73x | 4.25x | 7.29x | 18.20x | 67.59x |
| Buybacks as a share of market value | -0.0% | -62.5% | 0.0% | -25.0% | -44.7% | 28.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.9% | 37.8% | 44.3% |
| Operating income | -0.1% | 17.0% | 25.3% |
| Net income | 1.0% | 18.4% | 24.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.0% | 7.1% | 8.6% | 9.4% |
| Net margin | 3.9% | 4.5% | 5.6% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 22.8 | 52.3 | 40.6 | 28.5 | 34.0 | 22.5 | 18.4 |
| Price to sales | 1.3 | 1.0 | 1.2 | 2.2 | 3.9 | 2.7 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 May 2024.
| FY2024 | FY2023 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.035 | 0.111 | 0.014 | 0.081 |
- 13-for-8 split · 7 May 2024
- 7-for-5 split · 11 Mar 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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