1.95
-1.52%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 642.9m
FY2016FY2025
Net income
THB 57.6m
FY2016FY2025
Free cash flow
THB 86.6m
FY2016FY2025
Shareholders' equity
THB 616.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 642.9m | THB 582.8m | THB 526.7m | THB 557.7m | THB 465.6m | THB 437.5m | THB 434.1m | THB 460.6m | THB 426.2m | THB 399.4m |
| Gross profit | THB 225.7m | THB 234.4m | THB 204.2m | THB 218.3m | THB 199.9m | THB 185.6m | THB 153.8m | THB 180.8m | THB 184.2m | THB 176.7m |
| Research and development | — | THB 1.4m | THB 2.2m | THB 1.1m | — | — | — | — | — | — |
| Operating income | THB 82.8m | THB 79.9m | THB 56.7m | THB 80.2m | THB 72.6m | THB 63.5m | THB 33.9m | THB 51.9m | THB 85.7m | THB 89.3m |
| Net income | THB 57.6m | THB 53.3m | THB 34.5m | THB 61.8m | THB 57.7m | THB 46.7m | THB 23.4m | THB 33.8m | THB 66.2m | THB 77.0m |
| Diluted earnings per share | 0.13 | 0.12 | 0.08 | 0.14 | 0.13 | 0.11 | 0.05 | 0.11 | 0.15 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 921.3m | THB 864.3m | THB 884.2m | THB 915.2m | THB 690.6m | THB 614.5m | THB 573.8m | THB 441.7m | THB 384.6m | THB 318.4m |
| Cash and short-term investments | THB 54.5m | THB 57.6m | THB 44.2m | THB 26.2m | THB 30.3m | THB 47.2m | THB 36.8m | THB 10.3m | THB 21.9m | THB 12.3m |
| Total liabilities | THB 303.3m | THB 274.1m | THB 325.7m | THB 361.2m | THB 174.1m | THB 115.6m | THB 89.0m | THB 90.3m | THB 81.0m | THB 77.2m |
| Debt | THB 184.7m | THB 214.0m | THB 277.2m | THB 250.3m | THB 108.8m | THB 66.9m | THB 59.7m | THB 41.1m | THB 35.1m | THB 28.5m |
| Shareholders' equity | THB 616.6m | THB 590.2m | THB 558.4m | THB 554.0m | THB 516.6m | THB 499.0m | THB 484.7m | THB 351.4m | THB 287.3m | THB 225.2m |
| Shares outstanding | 430m | 430m | 430m | 430m | 430m | 430m | 430m | 300m | 434m | 434m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 101.4m | THB 112.8m | THB 99.1m | THB 14.6m | THB 35.4m | THB 61.7m | THB 44.3m | THB 25.8m | THB 49.4m | THB 65.1m |
| Capital spending | −THB 14.7m | −THB 17.2m | −THB 88.1m | −THB 139.3m | −THB 126.1m | −THB 17.8m | −THB 40.9m | −THB 41.4m | −THB 42.0m | −THB 32.9m |
| Free cash flow | THB 86.6m | THB 95.5m | THB 10.9m | −THB 124.7m | −THB 90.7m | THB 43.8m | THB 3.4m | −THB 15.6m | THB 7.4m | THB 32.2m |
| Dividends paid | −THB 25.8m | −THB 21.5m | −THB 30.1m | −THB 25.8m | −THB 38.7m | −THB 30.1m | −THB 119.6m | −THB 1.5m | −THB 1.5m | −THB 1.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 273.6m | THB 236.2m | THB 199.2m | THB 161.3m | THB 140.2m | THB 142.2m | THB 157.3m | THB 156.5m |
| Gross profit | THB 79.1m | THB 92.7m | THB 76.8m | THB 62.9m | THB 55.2m | THB 58.5m | THB 65.2m | THB 61.4m |
| Operating income | THB 34.6m | THB 50.3m | THB 31.3m | THB 17.9m | THB 15.0m | THB 19.1m | THB 30.0m | THB 15.8m |
| Net income | THB 26.1m | THB 37.8m | THB 23.2m | THB 11.9m | THB 9.4m | THB 13.1m | THB 22.1m | THB 9.5m |
| Diluted earnings per share | 0.06 | 0.09 | 0.05 | 0.03 | 0.02 | 0.03 | 0.05 | 0.02 |
| Cash from operations | −THB 26.0m | THB 32.0m | THB 21.0m | THB 19.0m | THB 17.0m | THB 43.0m | THB 35.0m | THB 52.0m |
| Capital spending | −THB 5.0m | −THB 1.0m | −THB 5.0m | −THB 6.0m | — | −THB 2.0m | −THB 2.0m | −THB 4.0m |
| Free cash flow | −THB 31.0m | THB 31.0m | THB 16.0m | THB 13.0m | — | THB 41.0m | THB 33.0m | THB 48.0m |
| Total assets | THB 1.07bn | THB 1.01bn | THB 921.3m | THB 878.6m | THB 844.7m | THB 869.2m | THB 864.3m | THB 916.3m |
| Cash and short-term investments | THB 76.8m | THB 79.3m | THB 54.5m | THB 57.9m | THB 58.1m | THB 67.8m | THB 57.6m | THB 65.2m |
| Debt | THB 233.3m | THB 175.4m | THB 180.3m | THB 190.8m | THB 178.6m | THB 177.6m | THB 207.9m | THB 249.4m |
| Shareholders' equity | THB 654.6m | THB 654.4m | THB 616.6m | THB 598.8m | THB 586.9m | THB 603.3m | THB 590.2m | THB 568.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 8.0% | 7.2% |
| Operating income | 1.1% | 5.5% | 5.4% |
| Net income | -2.3% | 4.3% | 2.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.5% | 38.2% | 39.5% | 39.6% |
| Operating margin | 13.3% | 13.0% | 13.6% | 14.2% |
| Net margin | 9.0% | 9.0% | 9.7% | 10.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 7.5 | 11.1 | 21.4 | 15.2 | 22.9 | 10.1 | 14.2 |
| Price to sales | 0.7 | 1.0 | 1.4 | 1.7 | 2.8 | 1.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.05 | 0.07 | 0.06 | 0.09 | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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