1.51
-3.21%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 15.90bn
FY2016FY2025
Net income
−THB 660.4m
FY2016FY2025
Free cash flow
−THB 1.40bn
FY2016FY2025
Shareholders' equity
THB 21.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 15.90bn | THB 16.44bn | THB 18.45bn | THB 16.33bn | THB 10.47bn | THB 11.85bn | THB 17.96bn | THB 18.25bn | THB 15.62bn | THB 16.91bn |
| Gross profit | THB 1.60bn | THB 2.74bn | THB 2.62bn | THB 2.79bn | THB 1.24bn | THB 1.77bn | THB 3.73bn | THB 3.57bn | THB 2.44bn | THB 3.63bn |
| Operating income | THB 371.0m | THB 1.51bn | THB 1.50bn | THB 1.97bn | THB 974.6m | THB 646.4m | THB 1.59bn | THB 1.56bn | THB 626.7m | THB 2.05bn |
| Net income | −THB 660.4m | THB 917.8m | THB 903.6m | THB 1.32bn | THB 615.8m | −THB 97.6m | THB 821.6m | THB 848.1m | THB 1.97bn | THB 1.43bn |
| Diluted earnings per share | -0.15 | 0.21 | 0.20 | 0.30 | 0.14 | -0.02 | 0.19 | 0.19 | 0.45 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 45.53bn | THB 43.57bn | THB 39.80bn | THB 41.65bn | THB 41.52bn | THB 41.12bn | THB 44.12bn | THB 45.54bn | THB 42.99bn | THB 38.37bn |
| Cash and short-term investments | THB 230.5m | THB 210.9m | THB 206.4m | THB 255.1m | THB 315.3m | THB 138.0m | THB 2.43bn | THB 129.3m | THB 153.0m | THB 85.0m |
| Total liabilities | THB 23.49bn | THB 21.40bn | THB 18.22bn | THB 20.29bn | THB 21.41bn | THB 21.58bn | THB 25.10bn | THB 26.90bn | THB 24.90bn | THB 21.72bn |
| Debt | THB 20.08bn | THB 18.14bn | THB 14.42bn | THB 16.72bn | THB 18.57bn | THB 18.77bn | THB 22.13bn | THB 23.40bn | THB 21.66bn | THB 18.82bn |
| Shareholders' equity | THB 21.52bn | THB 21.67bn | THB 21.09bn | THB 20.89bn | THB 19.58bn | THB 19.03bn | THB 18.61bn | THB 18.21bn | THB 17.65bn | THB 16.17bn |
| Shares outstanding | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m | 4,410m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 126.9m | THB 1.13bn | THB 2.91bn | THB 2.43bn | THB 394.8m | THB 1.53bn | THB 2.62bn | −THB 696.0m | THB 236.4m | THB 4.01bn |
| Capital spending | −THB 1.53bn | −THB 4.03bn | −THB 938.1m | −THB 188.3m | −THB 210.3m | −THB 462.9m | −THB 477.4m | −THB 1.17bn | −THB 3.12bn | −THB 1.66bn |
| Free cash flow | −THB 1.40bn | −THB 2.90bn | THB 1.97bn | THB 2.24bn | THB 184.5m | THB 1.07bn | THB 2.14bn | −THB 1.87bn | −THB 2.88bn | THB 2.35bn |
| Dividends paid | −THB 220.5m | −THB 220.5m | −THB 308.7m | −THB 264.6m | −THB 264.6m | −THB 220.5m | −THB 220.5m | −THB 220.5m | −THB 441.0m | −THB 222.7m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Jun 2025 | Apr 2025 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.66bn | THB 4.80bn | THB 2.66bn | THB 3.57bn | THB 4.96bn | THB 88.6m | THB 3.90bn | THB 87.6m |
| Gross profit | THB 190.6m | THB 566.1m | THB 314.2m | −THB 47.8m | THB 521.0m | THB 86.9m | THB 661.0m | THB 85.9m |
| Operating income | THB 38.0m | THB 329.8m | THB 51.8m | −THB 762.3m | THB 215.4m | THB 86.5m | THB 328.1m | THB 85.5m |
| Net income | −THB 74.3m | THB 314.0m | THB 118.4m | −THB 955.6m | THB 28.0m | THB 47.2m | THB 147.5m | THB 49.5m |
| Diluted earnings per share | -0.02 | 0.07 | 0.03 | -0.22 | 0.01 | 0.26 | 0.03 | 0.27 |
| Cash from operations | THB 3.48bn | −THB 3.42bn | −THB 697.0m | THB 1.51bn | THB 3.05bn | — | −THB 2.81bn | — |
| Capital spending | −THB 69.0m | −THB 191.0m | −THB 305.0m | −THB 209.0m | −THB 204.0m | — | −THB 397.0m | — |
| Free cash flow | THB 3.41bn | −THB 3.61bn | −THB 1.00bn | THB 1.30bn | THB 2.85bn | — | −THB 3.21bn | — |
| Total assets | THB 48.70bn | THB 52.11bn | THB 49.18bn | THB 45.53bn | THB 47.80bn | THB 1.84bn | THB 51.47bn | THB 1.88bn |
| Cash and short-term investments | — | THB 355.1m | THB 656.0m | THB 230.5m | THB 405.0m | THB 71.2m | THB 329.7m | THB 60.4m |
| Debt | THB 9.36bn | THB 24.52bn | THB 21.13bn | THB 20.00bn | THB 21.34bn | — | THB 23.63bn | — |
| Shareholders' equity | THB 21.62bn | THB 21.73bn | THB 21.63bn | THB 21.52bn | THB 21.63bn | THB 1.80bn | THB 21.65bn | THB 1.84bn |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2012 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 10.0% | 16.7% | 14.2% | 17.1% | 11.8% | 14.9% | — |
| Operating margin | 0.7% | 10.3% | 8.3% | 12.7% | 5.9% | 0.1% | — |
| Net margin | -4.2% | 5.6% | 4.9% | 8.1% | 5.9% | -0.8% | — |
| Return on equity | -3.1% | 4.2% | 4.3% | 6.3% | 3.1% | -0.5% | — |
| Return on assets | -1.5% | 2.1% | 2.3% | 3.2% | 1.5% | -0.2% | — |
| Free cash flow yield | 20.5% | 63.9% | 47.7% | 32.4% | 7.5% | 24.8% | — |
| Revenue growth | -3.3% | -10.9% | 13.0% | 56.0% | -11.7% | -34.0% | — |
| Earnings growth | -172.0% | 1.6% | -31.6% | 114.6% | -730.7% | -111.9% | — |
| Current ratio | 0.58x | 0.49x | 0.51x | 0.65x | 0.40x | 0.38x | — |
| Debt to equity | 0.93x | 0.84x | 0.68x | 0.80x | 0.95x | 0.99x | — |
| Equity ratio | 47.3% | 49.7% | 53.0% | 50.2% | 47.2% | 46.3% | — |
| Interest coverage | 0.17x | 2.72x | 3.24x | 4.83x | 1.46x | 0.02x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.7% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.9% | 6.1% | -1.7% |
| Operating income | -42.6% | -10.5% | -15.6% |
| Net income | — | 46.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.4% | 14.5% | 14.3% | 17.0% |
| Operating margin | 5.8% | 8.0% | 7.8% | 8.4% |
| Net margin | 0.8% | 3.7% | 3.4% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.4 | 8.9 | 12.9 | 12.3 | 25.9 | -103.9 | 12.0 | 15.5 | 10.4 | 17.5 |
| Price to sales | 0.3 | 0.5 | 0.6 | 1.0 | 1.5 | 0.9 | 0.6 | 0.7 | 1.3 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.05 | 0.05 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 |
- 11-for-10 split · 8 Mar 2016
- 6-for-5 split · 12 Mar 2015
- 2-for-1 split · 10 Mar 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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