3.50
0.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 20.25bn
FY2016FY2025
Net income
THB 3.72bn
FY2016FY2025
Free cash flow
THB 2.79bn
FY2016FY2025
Shareholders' equity
THB 51.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 20.25bn | THB 25.68bn | THB 27.26bn | THB 36.08bn | THB 32.71bn | THB 30.30bn | THB 30.41bn | THB 34.57bn | THB 35.20bn | THB 30.16bn |
| Gross profit | THB 4.57bn | THB 7.55bn | THB 8.76bn | THB 12.11bn | THB 10.60bn | THB 9.55bn | THB 10.05bn | THB 12.34bn | THB 12.29bn | THB 10.52bn |
| Operating income | THB 920.4m | THB 6.89bn | THB 6.54bn | THB 7.97bn | THB 7.00bn | THB 6.64bn | THB 9.61bn | THB 7.78bn | THB 8.07bn | THB 6.73bn |
| Net income | THB 3.72bn | THB 5.49bn | THB 7.48bn | THB 8.31bn | THB 6.94bn | THB 7.14bn | THB 10.02bn | THB 10.48bn | THB 10.46bn | THB 8.62bn |
| Diluted earnings per share | 0.31 | 0.46 | 0.63 | 0.70 | 0.57 | 0.60 | 0.84 | 0.88 | 0.88 | 0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 141.00bn | THB 144.46bn | THB 131.92bn | THB 123.95bn | THB 125.20bn | THB 122.57bn | THB 113.14bn | THB 111.48bn | THB 109.49bn | THB 101.51bn |
| Cash and short-term investments | THB 6.76bn | THB 3.93bn | THB 4.34bn | THB 5.02bn | THB 10.36bn | THB 8.14bn | THB 4.62bn | THB 7.83bn | THB 5.28bn | THB 3.01bn |
| Total liabilities | THB 88.37bn | THB 92.24bn | THB 79.69bn | THB 71.66bn | THB 74.55bn | THB 71.97bn | THB 59.96bn | THB 60.73bn | THB 58.68bn | THB 53.55bn |
| Debt | THB 79.49bn | THB 82.59bn | THB 70.96bn | THB 62.59bn | THB 65.81bn | THB 63.08bn | THB 49.90bn | THB 50.68bn | THB 48.99bn | THB 43.68bn |
| Shareholders' equity | THB 51.88bn | THB 51.48bn | THB 51.51bn | THB 51.58bn | THB 49.95bn | THB 49.90bn | THB 52.46bn | THB 49.98bn | THB 50.07bn | THB 46.94bn |
| Shares outstanding | 11,950m | 11,950m | 11,950m | 11,836m | 12,072m | 11,950m | 11,950m | 11,950m | 11,950m | 11,977m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 7.36bn | −THB 4.16bn | −THB 3.66bn | THB 8.15bn | THB 10.32bn | THB 3.33bn | THB 1.20bn | THB 8.65bn | THB 7.41bn | THB 7.28bn |
| Capital spending | −THB 4.57bn | −THB 5.88bn | −THB 2.71bn | −THB 3.07bn | −THB 3.87bn | −THB 1.33bn | −THB 951.6m | −THB 3.80bn | −THB 1.40bn | −THB 1.78bn |
| Free cash flow | THB 2.79bn | −THB 10.04bn | −THB 6.37bn | THB 5.08bn | THB 6.45bn | THB 2.00bn | THB 252.1m | THB 4.85bn | THB 6.01bn | THB 5.50bn |
| Dividends paid | −THB 3.58bn | −THB 5.38bn | −THB 6.57bn | −THB 5.97bn | −THB 6.57bn | −THB 7.17bn | −THB 7.77bn | −THB 8.96bn | −THB 8.33bn | −THB 8.20bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.23bn | THB 4.38bn | THB 5.28bn | THB 5.20bn | THB 5.91bn | THB 4.83bn | THB 6.26bn | THB 5.91bn |
| Gross profit | THB 782.1m | THB 971.3m | THB 1.20bn | THB 1.43bn | THB 1.61bn | THB 1.42bn | THB 1.85bn | THB 1.62bn |
| Operating income | −THB 39.2m | THB 821.0m | THB 192.7m | THB 941.8m | THB 1.96bn | THB 1.08bn | THB 3.28bn | THB 889.2m |
| Net income | THB 525.7m | THB 694.8m | THB 717.1m | THB 786.6m | THB 1.38bn | THB 837.4m | THB 2.59bn | THB 649.6m |
| Diluted earnings per share | 0.04 | 0.06 | 0.06 | 0.07 | 0.12 | 0.07 | 0.22 | 0.05 |
| Cash from operations | THB 2.32bn | THB 1.10bn | THB 3.48bn | THB 782.0m | THB 1.82bn | −THB 80.0m | THB 127.0m | −THB 42.0m |
| Capital spending | −THB 808.0m | −THB 728.0m | −THB 1.07bn | −THB 1.21bn | −THB 1.17bn | −THB 1.12bn | −THB 1.23bn | −THB 868.0m |
| Free cash flow | THB 1.51bn | THB 369.0m | THB 2.41bn | −THB 425.0m | THB 650.0m | −THB 1.20bn | −THB 1.10bn | −THB 910.0m |
| Total assets | THB 141.35bn | THB 141.23bn | THB 141.00bn | THB 143.06bn | THB 141.79bn | THB 145.92bn | THB 144.46bn | THB 143.62bn |
| Cash and short-term investments | THB 6.17bn | THB 6.72bn | THB 6.76bn | THB 7.41bn | THB 7.00bn | THB 3.23bn | THB 3.93bn | THB 4.30bn |
| Debt | THB 29.73bn | THB 70.31bn | THB 71.71bn | THB 70.53bn | THB 71.09bn | THB 74.17bn | THB 73.52bn | THB 74.66bn |
| Shareholders' equity | THB 51.51bn | THB 52.21bn | THB 51.88bn | THB 53.20bn | THB 51.77bn | THB 52.45bn | THB 51.48bn | THB 50.91bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 22.6% | 29.4% | 32.1% | 33.6% | 32.4% | 31.5% |
| Operating margin | 4.5% | 26.8% | 24.0% | 22.1% | 21.4% | 21.9% |
| Net margin | 18.4% | 21.4% | 27.4% | 23.0% | 21.2% | 23.6% |
| Return on equity | 7.2% | 10.7% | 14.5% | 16.1% | 13.9% | 14.3% |
| Return on assets | 2.6% | 3.8% | 5.7% | 6.7% | 5.5% | 5.8% |
| Free cash flow yield | 27.7% | 4.0% | -2.2% | 26.3% | 32.6% | 10.8% |
| Revenue growth | -21.2% | -5.8% | -24.5% | 10.3% | 8.0% | -0.4% |
| Earnings growth | -32.3% | -26.6% | -10.0% | 19.8% | -2.9% | -28.7% |
| Current ratio | 1.95x | 1.96x | 2.13x | 2.23x | 2.15x | 2.53x |
| Debt to equity | 1.36x | 1.43x | 1.21x | 1.10x | 1.20x | 1.13x |
| Equity ratio | 36.8% | 35.6% | 39.0% | 41.6% | 39.9% | 40.7% |
| Interest coverage | 0.44x | 3.31x | 4.22x | 7.63x | 6.34x | 7.48x |
| Buybacks as a share of market value | 0.0% | 0.0% | -1.0% | 2.0% | -1.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.5% | -7.7% | -2.7% |
| Operating income | -51.3% | -32.6% | -16.7% |
| Net income | -23.5% | -12.3% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.4% | 30.2% | 30.8% | 32.7% |
| Operating margin | 17.0% | 20.4% | 20.9% | 22.4% |
| Net margin | 20.0% | 22.9% | 22.7% | 26.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.2 | 11.0 | 13.0 | 14.1 | 15.3 | 13.3 | 11.7 | 11.3 | 12.0 | 13.6 |
| Price to sales | 2.2 | 2.4 | 3.6 | 3.3 | 3.3 | 3.1 | 3.9 | 3.4 | 3.6 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.30 | 0.45 | 0.55 | 0.50 | 0.55 | 0.60 | 0.65 |
- 10-for-1 split · 28 Jan 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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