1.75
+1.16%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 11.70bn
FY2016FY2025
Net income
THB 470.0m
FY2016FY2025
Free cash flow
THB 532.1m
FY2016FY2025
Shareholders' equity
THB 6.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 11.70bn | THB 11.28bn | THB 11.08bn | THB 12.45bn | THB 11.70bn | THB 14.31bn | THB 13.61bn | THB 13.19bn | THB 15.64bn | THB 13.71bn |
| Gross profit | THB 1.98bn | THB 1.66bn | THB 1.73bn | THB 1.51bn | THB 1.12bn | THB 1.23bn | THB 949.3m | THB 1.89bn | THB 2.09bn | THB 1.94bn |
| Operating income | THB 138.5m | THB 345.5m | THB 564.7m | THB 361.5m | THB 86.4m | −THB 276.3m | −THB 764.9m | THB 279.6m | THB 236.0m | −THB 244.0m |
| Net income | THB 470.0m | THB 50.2m | THB 359.1m | THB 154.7m | THB 518.4m | THB 47.4m | −THB 768.7m | THB 92.1m | THB 50.5m | THB 172.4m |
| Diluted earnings per share | 0.21 | 0.02 | 0.16 | 0.07 | 0.22 | 0.02 | -0.35 | 0.04 | 0.02 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 13.82bn | THB 13.46bn | THB 13.57bn | THB 14.35bn | THB 15.07bn | THB 15.56bn | THB 16.20bn | THB 15.10bn | THB 16.21bn | THB 15.71bn |
| Cash and short-term investments | THB 2.82bn | THB 3.08bn | THB 2.89bn | THB 2.79bn | THB 2.53bn | THB 2.79bn | THB 2.46bn | THB 1.70bn | THB 1.90bn | THB 2.04bn |
| Total liabilities | THB 7.08bn | THB 7.20bn | THB 7.22bn | THB 8.34bn | THB 9.11bn | THB 10.34bn | THB 11.18bn | THB 9.10bn | THB 9.92bn | THB 9.09bn |
| Debt | THB 2.47bn | THB 3.00bn | THB 2.89bn | THB 3.42bn | THB 3.79bn | THB 4.20bn | THB 5.10bn | THB 4.02bn | THB 4.13bn | THB 3.61bn |
| Shareholders' equity | THB 6.38bn | THB 5.97bn | THB 6.08bn | THB 5.71bn | THB 5.73bn | THB 5.08bn | THB 4.93bn | THB 5.90bn | THB 6.20bn | THB 6.30bn |
| Shares outstanding | 2,265m | 2,265m | 2,265m | 2,265m | 2,353m | 2,265m | 2,220m | 2,265m | 2,265m | 2,265m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 642.2m | THB 6.3m | THB 350.8m | THB 412.5m | −THB 647.4m | THB 1.11bn | −THB 580.1m | −THB 137.8m | −THB 1.05bn | THB 935.0m |
| Capital spending | −THB 110.1m | −THB 80.2m | −THB 79.8m | −THB 70.9m | −THB 60.3m | −THB 53.2m | −THB 109.9m | −THB 105.2m | −THB 149.8m | −THB 280.2m |
| Free cash flow | THB 532.1m | −THB 73.9m | THB 271.0m | THB 341.6m | −THB 707.7m | THB 1.06bn | −THB 690.1m | −THB 243.1m | −THB 1.20bn | THB 654.8m |
| Dividends paid | −THB 67.9m | −THB 158.5m | — | −THB 158.4m | −THB 158.4m | −THB 158.4m | −THB 158.4m | −THB 158.5m | −THB 158.5m | −THB 113.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.98bn | THB 3.04bn | THB 3.34bn | THB 3.00bn | THB 2.65bn | THB 2.71bn | THB 3.34bn | THB 2.99bn |
| Gross profit | THB 502.6m | THB 502.4m | THB 571.1m | THB 495.1m | THB 446.4m | THB 467.6m | THB 329.3m | THB 495.6m |
| Operating income | THB 922,000 | THB 55.5m | THB 50.7m | THB 41.3m | THB 21.2m | THB 42.7m | THB 42.7m | THB 46,000 |
| Net income | THB 156.8m | THB 199.2m | THB 194.4m | THB 128.5m | THB 83.0m | THB 64.1m | −THB 67.4m | THB 7.0m |
| Diluted earnings per share | 0.07 | 0.09 | 0.09 | 0.06 | 0.04 | 0.03 | -0.03 | 0.00 |
| Cash from operations | THB 627.0m | −THB 305.0m | THB 154.0m | THB 725.0m | −THB 50.0m | −THB 226.0m | THB 117.0m | THB 210.0m |
| Capital spending | −THB 23.0m | −THB 16.0m | −THB 28.0m | −THB 23.0m | −THB 27.0m | −THB 32.0m | −THB 36.0m | −THB 19.0m |
| Free cash flow | THB 604.0m | −THB 321.0m | THB 126.0m | THB 702.0m | −THB 77.0m | −THB 258.0m | THB 81.0m | THB 191.0m |
| Total assets | THB 13.43bn | THB 13.15bn | THB 13.82bn | THB 13.23bn | THB 13.00bn | THB 12.85bn | THB 13.46bn | THB 13.12bn |
| Cash and short-term investments | THB 2.58bn | THB 2.27bn | THB 2.82bn | THB 2.70bn | THB 2.46bn | THB 2.55bn | THB 3.08bn | THB 2.42bn |
| Debt | THB 2.11bn | THB 2.13bn | THB 2.40bn | THB 2.31bn | THB 2.69bn | THB 2.66bn | THB 2.83bn | THB 2.60bn |
| Shareholders' equity | THB 6.58bn | THB 6.59bn | THB 6.38bn | THB 6.18bn | THB 6.05bn | THB 6.05bn | THB 5.97bn | THB 6.04bn |
Financial ratios
Data as of 24 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.9% | 14.7% | 15.7% | 12.1% | 9.6% | 8.6% |
| Operating margin | 0.0% | 3.1% | 5.1% | 0.6% | 3.2% | -1.9% |
| Net margin | 4.0% | 0.4% | 3.2% | 1.2% | 4.4% | 0.3% |
| Return on equity | 7.4% | 0.8% | 5.9% | 2.7% | 9.0% | 0.9% |
| Return on assets | 3.4% | 0.4% | 2.6% | 1.1% | 3.4% | 0.3% |
| Free cash flow yield | 18.8% | 2.2% | 10.7% | 12.1% | -14.1% | 29.0% |
| Revenue growth | 3.8% | 1.8% | -11.0% | 6.4% | -18.3% | 5.1% |
| Earnings growth | 835.6% | -86.0% | 132.1% | -70.2% | 993.4% | -106.2% |
| Current ratio | 1.56x | 1.45x | 1.59x | 1.36x | 1.16x | 1.20x |
| Debt to equity | 0.36x | 0.47x | 0.46x | 0.57x | 0.63x | 0.78x |
| Equity ratio | 46.1% | 44.3% | 44.8% | 39.8% | 38.0% | 32.6% |
| Interest coverage | 0.00x | 2.41x | 3.80x | 0.53x | 2.42x | -1.48x |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 3.7% | -3.9% | -2.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | -3.9% | 0.2% |
| Operating income | -27.4% | — | — |
| Net income | 44.8% | 58.2% | 8.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.8% | 14.8% | 12.7% | 12.9% |
| Operating margin | 2.1% | 3.0% | 1.7% | 0.3% |
| Net margin | 2.3% | 2.2% | 2.2% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.2 | 62.2 | 8.1 | 31.3 | 10.5 | 76.9 | -3.9 | 40.1 | 110.3 | 41.0 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0.2 | 0.3 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 11 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.03 | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | 0.10 |
- 21-for-20 split · 20 Mar 2013
- 10-for-1 split · 5 Jan 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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