1.35
-1.46%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 6.93bn
FY2016FY2025
Net income
THB 593.1m
FY2016FY2025
Free cash flow
THB 1.69bn
FY2016FY2025
Shareholders' equity
THB 6.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.93bn | THB 10.99bn | THB 9.05bn | THB 8.22bn | THB 6.83bn | THB 10.72bn | THB 14.92bn | THB 5.08bn | THB 9.68bn | THB 4.50bn |
| Gross profit | THB 1.15bn | THB 2.24bn | THB 2.28bn | THB 2.09bn | THB 2.26bn | THB 4.17bn | THB 5.51bn | THB 2.22bn | THB 4.03bn | THB 1.95bn |
| Operating income | THB 951.8m | THB 837.8m | THB 713.7m | THB 780.8m | THB 792.0m | THB 2.51bn | THB 3.98bn | THB 1.25bn | THB 2.75bn | THB 1.13bn |
| Net income | THB 593.1m | THB 431.6m | THB 910.4m | THB 454.9m | THB 931.8m | THB 1.88bn | THB 3.07bn | THB 987.0m | THB 2.04bn | THB 682.2m |
| Diluted earnings per share | 0.43 | 0.32 | 0.66 | 0.33 | 0.69 | 1.37 | 2.24 | 0.72 | 1.49 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 24.12bn | THB 27.25bn | THB 26.27bn | THB 22.50bn | THB 20.28bn | THB 19.20bn | THB 21.63bn | THB 25.95bn | THB 22.50bn | THB 23.27bn |
| Cash and short-term investments | THB 1.45bn | THB 1.26bn | THB 2.55bn | THB 1.71bn | THB 1.39bn | THB 1.84bn | THB 1.67bn | THB 1.68bn | THB 963.7m | THB 1.06bn |
| Total liabilities | THB 17.38bn | THB 20.94bn | THB 19.81bn | THB 16.55bn | THB 14.65bn | THB 13.33bn | THB 16.15bn | THB 18.00bn | THB 16.02bn | THB 18.84bn |
| Debt | THB 14.01bn | THB 15.97bn | THB 16.81bn | THB 13.71bn | THB 11.82bn | THB 9.17bn | THB 10.30bn | THB 13.21bn | THB 12.64bn | THB 14.30bn |
| Shareholders' equity | THB 6.74bn | THB 6.29bn | THB 6.45bn | THB 5.94bn | THB 5.63bn | THB 5.86bn | THB 5.48bn | THB 7.95bn | THB 6.48bn | THB 4.43bn |
| Shares outstanding | 1,369m | 1,369m | 1,369m | 1,369m | 1,360m | 1,369m | 1,370m | 1,369m | 1,369m | 1,369m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.75bn | THB 2.16bn | −THB 1.71bn | −THB 861.7m | −THB 1.05bn | THB 4.07bn | THB 7.92bn | THB 370.4m | THB 1.64bn | −THB 154.7m |
| Capital spending | −THB 57.4m | −THB 116.8m | −THB 32.6m | −THB 80.2m | −THB 142.0m | −THB 97.4m | −THB 69.3m | −THB 78.7m | −THB 64.8m | −THB 67.8m |
| Free cash flow | THB 1.69bn | THB 2.05bn | −THB 1.74bn | −THB 941.9m | −THB 1.19bn | THB 3.98bn | THB 7.85bn | THB 291.8m | THB 1.57bn | −THB 222.6m |
| Dividends paid | −THB 142.4m | −THB 551.9m | −THB 384.8m | −THB 109.6m | −THB 1.16bn | −THB 1.51bn | −THB 5.52bn | −THB 77.6m | −THB 77.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 945.3m | THB 1.24bn | THB 1.92bn | THB 2.02bn | THB 1.44bn | THB 1.55bn | THB 4.00bn | THB 2.88bn |
| Gross profit | −THB 125.6m | THB 283.9m | THB 386.1m | THB 376.6m | THB 278.6m | THB 292.4m | THB 910.6m | THB 432.1m |
| Operating income | −THB 278.4m | THB 229.9m | −THB 166.6m | THB 906.7m | −THB 89.1m | THB 219.8m | THB 295.5m | THB 158.4m |
| Net income | −THB 418.0m | THB 48.9m | −THB 121.9m | THB 687.8m | −THB 59.6m | THB 86.8m | THB 231.8m | −THB 3.3m |
| Diluted earnings per share | -0.31 | 0.04 | -0.09 | 0.50 | -0.04 | 0.06 | 0.17 | -0.00 |
| Cash from operations | THB 474.0m | THB 303.0m | THB 790.0m | THB 371.0m | THB 66.0m | THB 504.0m | THB 704.0m | THB 1.10bn |
| Capital spending | −THB 3.0m | −THB 21.0m | −THB 15.0m | −THB 16.0m | −THB 3.0m | −THB 24.0m | −THB 37.0m | −THB 65.0m |
| Free cash flow | THB 471.0m | THB 282.0m | THB 775.0m | THB 355.0m | THB 63.0m | THB 480.0m | THB 667.0m | THB 1.03bn |
| Total assets | THB 22.45bn | THB 25.34bn | THB 24.12bn | THB 24.94bn | THB 26.55bn | THB 26.87bn | THB 27.25bn | THB 26.95bn |
| Cash and short-term investments | — | THB 2.84bn | THB 1.45bn | THB 1.02bn | THB 500.7m | THB 1.22bn | THB 1.26bn | THB 2.09bn |
| Debt | THB 7.42bn | THB 14.14bn | THB 13.04bn | THB 13.14bn | THB 14.15bn | THB 14.33bn | THB 14.92bn | THB 15.01bn |
| Shareholders' equity | THB 6.39bn | THB 6.80bn | THB 6.74bn | THB 6.87bn | THB 6.18bn | THB 6.38bn | THB 6.29bn | THB 6.20bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 16.6% | 20.4% | 25.2% | 25.4% | 33.0% | 38.9% | — | — |
| Operating margin | 16.8% | 10.1% | 18.2% | 11.6% | 20.8% | 24.4% | — | — |
| Net margin | 8.6% | 3.9% | 10.1% | 5.5% | 13.6% | 17.5% | — | — |
| Return on equity | 8.8% | 6.9% | 14.1% | 7.7% | 16.6% | 32.0% | — | — |
| Return on assets | 2.5% | 1.6% | 3.5% | 2.0% | 4.6% | 9.8% | — | — |
| Free cash flow yield | 91.7% | 115.7% | -85.0% | -39.6% | -46.3% | 211.5% | — | — |
| Revenue growth | -37.0% | 21.4% | 10.2% | 20.3% | -36.3% | -28.1% | — | — |
| Earnings growth | 37.4% | -52.6% | 100.1% | -51.2% | -50.4% | -38.8% | — | — |
| Current ratio | 0.98x | 2.42x | 3.36x | 2.45x | 2.32x | 2.81x | — | — |
| Debt to equity | 1.94x | 2.37x | 2.45x | 2.13x | 1.90x | 1.47x | — | — |
| Equity ratio | 27.9% | 23.1% | 24.6% | 26.4% | 27.7% | 30.5% | — | — |
| Interest coverage | 2.64x | 2.45x | 3.49x | 2.66x | 5.81x | 11.58x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | -0.7% | 0.7% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | -8.4% | 34.0% |
| Operating income | 6.8% | -17.6% | — |
| Net income | 9.2% | -20.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.9% | 22.1% | 26.9% | 32.1% |
| Operating margin | 10.0% | 9.3% | 12.5% | 17.3% |
| Net margin | 5.7% | 6.8% | 9.9% | 13.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.0 | 8.6 | 5.9 | 16.7 | 9.0 | 6.0 | 2.4 | 6.6 | 3.2 | 10.0 |
| Price to sales | 0.4 | 0.3 | 0.6 | 0.9 | 1.2 | 1.1 | 0.5 | 1.3 | 0.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 7 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.104 | 0.403 | 0.281 | 0.08 | 0.85 | 1.10 | 0.04 | 0.057 |
- 3-for-1 split · 7 Jan 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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