10.00
+0.50%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 15.40bn
FY2016FY2025
Net income
−THB 161.8m
FY2016FY2025
Free cash flow
THB 3.11bn
FY2016FY2025
Shareholders' equity
THB 17.99bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 15.40bn | THB 13.88bn | THB 13.74bn | THB 13.92bn | THB 11.79bn | THB 11.20bn | THB 11.33bn | THB 12.56bn | THB 12.63bn | THB 10.70bn |
| Gross profit | THB 4.46bn | THB 4.49bn | THB 4.61bn | THB 4.31bn | THB 3.69bn | THB 3.72bn | THB 3.24bn | THB 2.89bn | THB 2.55bn | THB 1.97bn |
| Operating income | THB 740.7m | THB 2.16bn | THB 2.05bn | THB 3.36bn | THB 3.99bn | THB 1.98bn | THB 1.46bn | THB 435.4m | THB 1.11bn | THB 781.8m |
| Net income | −THB 161.8m | THB 1.14bn | −THB 447.0m | THB 2.61bn | THB 2.47bn | THB 1.29bn | THB 793.2m | −THB 277.1m | THB 490.2m | THB 438.3m |
| Diluted earnings per share | -0.11 | 0.78 | -0.31 | 1.78 | 1.69 | 1.26 | 0.87 | -0.31 | 0.54 | 0.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 56.09bn | THB 59.95bn | THB 62.24bn | THB 55.40bn | THB 45.28bn | THB 25.90bn | THB 20.37bn | THB 19.44bn | THB 16.44bn | THB 13.00bn |
| Cash and short-term investments | THB 3.29bn | THB 4.38bn | THB 5.54bn | THB 9.43bn | THB 13.14bn | THB 2.55bn | THB 888.1m | THB 1.57bn | THB 796.1m | THB 843.9m |
| Total liabilities | THB 23.37bn | THB 25.84bn | THB 29.51bn | THB 24.62bn | THB 18.46bn | THB 19.13bn | THB 15.14bn | THB 14.74bn | THB 11.78bn | THB 9.01bn |
| Debt | THB 20.44bn | THB 23.79bn | THB 26.70bn | THB 22.51bn | THB 16.27bn | THB 17.38bn | THB 13.52bn | THB 12.94bn | THB 10.79bn | THB 8.00bn |
| Shareholders' equity | THB 17.99bn | THB 19.32bn | THB 18.62bn | THB 18.97bn | THB 17.26bn | THB 3.74bn | THB 3.39bn | THB 2.85bn | THB 3.23bn | THB 3.03bn |
| Shares outstanding | 1,464m | 1,459m | 1,458m | 1,467m | 1,464m | 1,029m | 907m | 907m | 907m | 1,058m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 3.25bn | THB 3.33bn | −THB 1.11bn | −THB 909.1m | −THB 4.92bn | −THB 729.7m | THB 55.2m | −THB 534.7m | −THB 1.84bn | −THB 995.5m |
| Capital spending | −THB 141.5m | −THB 406.0m | −THB 446.3m | −THB 402.8m | −THB 341.9m | −THB 288.9m | −THB 293.5m | −THB 377.3m | −THB 642.6m | −THB 1.08bn |
| Free cash flow | THB 3.11bn | THB 2.92bn | −THB 1.56bn | −THB 1.31bn | −THB 5.26bn | −THB 1.02bn | −THB 238.3m | −THB 912.0m | −THB 2.48bn | −THB 2.07bn |
| Dividends paid | −THB 527.0m | −THB 351.3m | −THB 961.7m | −THB 2.14bn | −THB 812.4m | −THB 625.5m | −THB 329.1m | −THB 395.0m | −THB 295.6m | −THB 292.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.77bn | THB 3.89bn | THB 3.96bn | THB 3.89bn | THB 3.82bn | THB 3.73bn | THB 3.59bn | THB 3.43bn |
| Gross profit | THB 1.17bn | THB 1.16bn | THB 1.15bn | THB 1.12bn | THB 1.09bn | THB 1.09bn | THB 1.11bn | THB 1.07bn |
| Operating income | THB 262.3m | THB 186.9m | −THB 210.0m | THB 351.0m | THB 271.6m | THB 597.4m | THB 426.0m | THB 695.5m |
| Net income | THB 213.0m | THB 162.7m | −THB 495.7m | THB 82.5m | THB 111.0m | THB 140.3m | THB 310.1m | THB 255.3m |
| Diluted earnings per share | 0.15 | 0.11 | -0.34 | 0.06 | 0.08 | 0.10 | 0.21 | 0.17 |
| Cash from operations | THB 230.0m | −THB 38.0m | THB 803.0m | THB 975.0m | THB 738.0m | THB 729.0m | THB 1.03bn | THB 1.09bn |
| Capital spending | −THB 109.0m | −THB 13.0m | −THB 2.0m | −THB 75.0m | −THB 53.0m | −THB 13.0m | −THB 104.0m | −THB 131.0m |
| Free cash flow | THB 121.0m | −THB 51.0m | THB 801.0m | THB 900.0m | THB 685.0m | THB 716.0m | THB 926.0m | THB 961.0m |
| Total assets | THB 56.18bn | THB 56.83bn | THB 56.09bn | THB 61.94bn | THB 57.97bn | THB 60.91bn | THB 59.95bn | THB 58.72bn |
| Cash and short-term investments | THB 2.87bn | THB 3.22bn | THB 3.29bn | THB 7.85bn | THB 3.21bn | THB 5.73bn | THB 4.38bn | THB 2.61bn |
| Debt | THB 8.17bn | THB 20.27bn | THB 20.44bn | THB 25.39bn | THB 21.05bn | THB 23.66bn | THB 22.53bn | THB 21.61bn |
| Shareholders' equity | THB 18.14bn | THB 18.05bn | THB 17.99bn | THB 18.86bn | THB 19.17bn | THB 19.25bn | THB 19.32bn | THB 18.89bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.9% | 32.3% | 33.5% | 31.0% | 31.3% | 33.2% |
| Operating margin | 4.8% | 15.6% | 14.9% | 24.2% | 33.8% | 17.7% |
| Net margin | -1.1% | 8.2% | -3.3% | 18.8% | 20.9% | 11.6% |
| Return on equity | -0.9% | 5.9% | -2.4% | 13.8% | 14.3% | 34.6% |
| Return on assets | -0.3% | 1.9% | -0.7% | 4.7% | 5.4% | 5.0% |
| Free cash flow yield | 24.1% | 26.7% | -4.8% | -3.6% | -32.6% | -4.5% |
| Revenue growth | 11.0% | 1.0% | -1.3% | 18.0% | 5.3% | -1.2% |
| Earnings growth | -114.2% | -355.2% | -117.1% | 6.0% | 90.7% | 63.2% |
| Current ratio | 0.82x | 0.60x | 0.94x | 2.10x | 2.22x | 0.92x |
| Debt to equity | 1.14x | 1.17x | 1.36x | 1.11x | 0.86x | 4.28x |
| Equity ratio | 32.1% | 32.2% | 29.9% | 34.2% | 38.1% | 14.4% |
| Interest coverage | 0.65x | 1.93x | 1.92x | 4.76x | 5.73x | 3.11x |
| Buybacks as a share of market value | -0.3% | -0.1% | 0.6% | -0.2% | -42.3% | -13.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 6.6% | 4.9% |
| Operating income | -39.6% | -17.8% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.5% | 31.4% | 31.6% | 27.3% |
| Operating margin | 9.9% | 14.6% | 17.9% | 13.5% |
| Net margin | 3.3% | 5.5% | 8.6% | 6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -62.4 | 16.9 | -56.4 | 22.9 | 34.1 | 15.9 | 9.5 | -12.6 | 27.0 | 24.3 |
| Price to sales | 0.7 | 1.4 | 1.8 | 4.3 | 7.1 | 1.8 | 0.7 | 0.3 | 1.1 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 27 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.135 | 0.36 | 0.24 | 0.66 | 1.51 | 0.79 | 0.69 | 0.021 |
- 1.235-for-1 split · 25 Sept 2019
- 7-for-6 split · 17 Apr 2017
- 6-for-5 split · 20 Oct 2016
- 5-for-4 split · 16 Apr 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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