1.83
+0.55%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.91bn
FY2016FY2025
Net income
THB 99.5m
FY2016FY2025
Free cash flow
THB 14.3m
FY2016FY2025
Shareholders' equity
THB 1.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.91bn | THB 1.56bn | THB 1.94bn | THB 1.89bn | THB 2.15bn | THB 1.28bn | THB 846.4m | THB 923.5m | THB 947.1m | THB 626.4m |
| Gross profit | THB 206.9m | THB 155.8m | THB 152.6m | THB 267.4m | THB 342.1m | THB 186.3m | THB 148.0m | THB 166.1m | THB 109.8m | THB 73.9m |
| Operating income | THB 107.3m | THB 82.8m | THB 76.3m | THB 187.3m | THB 265.9m | THB 107.6m | THB 76.2m | THB 99.8m | THB 34.4m | THB 16.2m |
| Net income | THB 99.5m | THB 66.2m | THB 61.8m | THB 149.5m | THB 217.0m | THB 88.2m | THB 60.7m | THB 82.9m | THB 41.2m | THB 14.7m |
| Diluted earnings per share | 0.13 | 0.09 | 0.08 | 0.20 | 0.27 | 0.12 | 0.34 | 0.11 | 0.05 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.85bn | THB 4.09bn | THB 3.99bn | THB 3.74bn | THB 3.26bn | THB 2.27bn | THB 835.5m | THB 563.1m | THB 459.9m | THB 608.5m |
| Cash and short-term investments | THB 460.9m | THB 381.1m | THB 449.4m | THB 251.4m | THB 713.2m | THB 1.39bn | THB 536.1m | THB 104.3m | THB 53.7m | THB 223.7m |
| Total liabilities | THB 2.08bn | THB 2.39bn | THB 2.32bn | THB 2.06bn | THB 1.63bn | THB 808.5m | THB 526.4m | THB 276.3m | THB 256.1m | THB 447.2m |
| Debt | THB 216.9m | THB 110.0m | THB 146.4m | THB 353.4m | THB 1.4m | THB 3.1m | THB 1.2m | THB 7.2m | THB 25.2m | THB 99.4m |
| Shareholders' equity | THB 1.77bn | THB 1.70bn | THB 1.66bn | THB 1.67bn | THB 1.63bn | THB 1.46bn | THB 309.1m | THB 286.8m | THB 203.9m | THB 161.3m |
| Shares outstanding | 760m | 760m | 760m | 760m | 801m | 760m | 180m | 760m | 760m | 760m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 14.8m | −THB 20.0m | THB 568.2m | −THB 709.1m | −THB 566.8m | −THB 143.6m | THB 501.1m | THB 71.4m | −THB 92.1m | THB 161.1m |
| Capital spending | −THB 516,633 | −THB 1.4m | −THB 20.1m | −THB 9.3m | −THB 5.0m | −THB 3.6m | −THB 2.7m | −THB 2.3m | −THB 510,294 | −THB 256,517 |
| Free cash flow | THB 14.3m | −THB 21.5m | THB 548.0m | −THB 718.3m | −THB 571.8m | −THB 147.2m | THB 498.3m | THB 69.1m | −THB 92.6m | THB 160.9m |
| Dividends paid | −THB 30.4m | −THB 30.4m | −THB 68.4m | −THB 106.4m | −THB 45.6m | −THB 111.6m | −THB 36.0m | −THB 22.3m | −THB 22.3m | −THB 25.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 220.7m | THB 315.1m | THB 715.5m | THB 408.8m | THB 491.5m | THB 294.6m | THB 476.7m | THB 407.1m |
| Gross profit | −THB 10.5m | THB 16.4m | THB 90.1m | THB 62.1m | THB 42.8m | THB 18.0m | THB 64.7m | THB 41.7m |
| Operating income | −THB 30.0m | −THB 4.5m | THB 64.5m | THB 32.5m | THB 29.6m | −THB 952,000 | THB 44.8m | THB 34.6m |
| Net income | −THB 30.3m | −THB 4.2m | THB 52.5m | THB 26.0m | THB 22.0m | −THB 998,000 | THB 36.5m | THB 27.5m |
| Diluted earnings per share | -0.04 | -0.01 | 0.07 | 0.03 | 0.03 | -0.00 | 0.05 | 0.04 |
| Cash from operations | THB 20.0m | −THB 109.0m | THB 199.0m | THB 33.0m | −THB 9.0m | −THB 212.0m | THB 103.0m | THB 45.0m |
| Capital spending | — | — | — | −THB 2.0m | — | — | — | — |
| Free cash flow | — | — | — | THB 31.0m | — | — | — | — |
| Total assets | THB 3.38bn | THB 3.61bn | THB 3.85bn | THB 4.00bn | THB 4.07bn | THB 4.06bn | THB 4.09bn | THB 3.75bn |
| Cash and short-term investments | — | THB 233.0m | THB 460.9m | THB 359.3m | THB 303.2m | THB 276.1m | THB 381.1m | THB 248.5m |
| Debt | — | THB 96.4m | THB 216.8m | THB 314.3m | THB 288.7m | THB 219.4m | THB 108.6m | THB 73.9m |
| Shareholders' equity | THB 1.69bn | THB 1.76bn | THB 1.77bn | THB 1.71bn | THB 1.69bn | THB 1.70bn | THB 1.70bn | THB 1.66bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.8% | 10.0% | 7.8% | 14.2% | 15.9% | 14.5% |
| Operating margin | 5.6% | 5.7% | 4.3% | 10.0% | 12.6% | 8.6% |
| Net margin | 5.2% | 4.3% | 3.2% | 7.9% | 10.1% | 6.9% |
| Return on equity | 5.6% | 3.9% | 3.7% | 8.9% | 13.3% | 6.0% |
| Return on assets | 2.6% | 1.6% | 1.6% | 4.0% | 6.7% | 3.9% |
| Free cash flow yield | 1.1% | -1.3% | 42.5% | -50.6% | -38.6% | -10.1% |
| Revenue growth | 22.6% | -19.9% | 3.1% | -12.2% | 67.6% | 51.4% |
| Earnings growth | 50.2% | 7.2% | -58.7% | -31.1% | 146.2% | 45.1% |
| Current ratio | 1.76x | 1.62x | 1.56x | 1.72x | 1.91x | 2.76x |
| Debt to equity | 0.12x | 0.06x | 0.09x | 0.21x | 0.00x | 0.00x |
| Equity ratio | 45.9% | 41.5% | 41.7% | 44.7% | 50.0% | 64.3% |
| Interest coverage | 10.26x | 15.14x | 12.63x | 100.16x | 1471.29x | 484.76x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 5.1% | -5.3% | -322.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 8.3% | 8.1% |
| Operating income | -17.0% | -0.1% | 0.5% |
| Net income | -12.7% | 2.4% | 3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.5% | 10.7% | 12.2% | 13.2% |
| Operating margin | 5.5% | 6.2% | 7.7% | 7.7% |
| Net margin | 4.8% | 5.2% | 6.4% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 13.1 | 25.0 | 65.8 | 36.6 | 28.4 | 62.9 |
| Price to sales | 0.7 | 1.1 | 2.1 | 2.9 | 2.9 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 11 Mar 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.09 | 0.14 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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