0.79
+1.28%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.52bn
FY2016FY2025
Net income
THB 155.9m
FY2016FY2025
Free cash flow
THB 106.8m
FY2016FY2025
Shareholders' equity
THB 5.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.52bn | THB 1.43bn | THB 2.02bn | THB 2.57bn | THB 3.02bn | THB 2.47bn | THB 2.71bn | THB 2.96bn | THB 2.56bn | THB 335.5m |
| Gross profit | THB 381.5m | THB 446.5m | THB 641.3m | THB 854.1m | THB 613.5m | THB 769.1m | THB 946.5m | THB 1.05bn | THB 799.2m | THB 91.0m |
| Operating income | THB 110.3m | THB 227.1m | THB 367.0m | THB 394.6m | −THB 17.0m | THB 142.8m | THB 213.6m | THB 363.3m | THB 270.2m | −THB 13.5m |
| Net income | THB 155.9m | THB 86.3m | THB 201.1m | THB 201.0m | THB 408.3m | THB 21.5m | THB 99.5m | THB 276.9m | THB 223.5m | −THB 15.6m |
| Diluted earnings per share | 0.08 | 0.05 | 0.13 | 0.13 | 0.26 | 0.01 | 0.06 | 0.18 | 0.14 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 15.04bn | THB 14.99bn | THB 14.70bn | THB 13.50bn | THB 12.59bn | THB 12.64bn | THB 12.90bn | THB 12.45bn | THB 9.75bn | THB 325.3m |
| Cash and short-term investments | THB 113.7m | THB 33.2m | THB 254.7m | THB 251.5m | THB 65.7m | THB 108.3m | THB 371.6m | THB 1.10bn | THB 991.7m | THB 46.9m |
| Total liabilities | THB 9.41bn | THB 9.90bn | THB 9.66bn | THB 8.11bn | THB 7.40bn | THB 7.91bn | THB 8.11bn | THB 7.66bn | THB 5.05bn | THB 89.5m |
| Debt | THB 8.48bn | THB 8.74bn | THB 7.90bn | THB 6.53bn | THB 6.47bn | THB 7.01bn | THB 6.69bn | THB 5.81bn | THB 2.82bn | THB 2.88bn |
| Shareholders' equity | THB 5.64bn | THB 5.09bn | THB 5.04bn | THB 5.07bn | THB 4.88bn | THB 4.46bn | THB 4.59bn | THB 4.67bn | THB 4.62bn | THB 235.8m |
| Shares outstanding | 1,852m | 1,579m | 1,553m | 1,553m | 1,553m | 1,530m | 1,535m | 1,549m | 1,553m | 1,301m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 108.0m | −THB 721.1m | −THB 1.12bn | THB 218.8m | THB 536.9m | −THB 282.7m | −THB 1.16bn | −THB 2.62bn | THB 31.9m | THB 29.9m |
| Capital spending | −THB 1.3m | −THB 1.9m | −THB 10,910 | −THB 108.3m | −THB 33.9m | −THB 47.4m | −THB 181.5m | −THB 182.5m | −THB 75.5m | −THB 30.7m |
| Free cash flow | THB 106.8m | −THB 723.0m | −THB 1.12bn | THB 110.5m | THB 503.0m | −THB 330.0m | −THB 1.34bn | −THB 2.80bn | −THB 43.6m | −THB 720,000 |
| Dividends paid | — | −THB 40.4m | −THB 93.2m | −THB 19.2m | −THB 19.2m | −THB 55.2m | −THB 110.4m | −THB 234.7m | −THB 234.7m | −THB 6.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 181.1m | THB 100.5m | THB 836.3m | THB 375.1m | THB 89.2m | THB 298.9m | THB 477.1m | THB 328.9m |
| Gross profit | THB 57.9m | THB 22.4m | THB 255.9m | THB 121.8m | THB 12.5m | THB 96.7m | THB 114.3m | THB 101.3m |
| Operating income | THB 26.5m | −THB 30.3m | THB 79.4m | THB 80.4m | −THB 16.4m | THB 45.9m | THB 116.1m | THB 27.8m |
| Net income | THB 7.4m | −THB 3.7m | THB 126.9m | THB 44.5m | −THB 32.3m | THB 16.8m | THB 56.0m | THB 3.9m |
| Diluted earnings per share | 0.00 | -0.00 | 0.07 | 0.02 | -0.02 | 0.01 | 0.04 | 0.00 |
| Cash from operations | THB 24.0m | −THB 119.0m | THB 254.0m | THB 57.0m | −THB 104.0m | −THB 99.0m | THB 289.0m | −THB 589.0m |
| Capital spending | — | — | — | — | — | −THB 1.0m | — | — |
| Free cash flow | — | — | — | — | — | −THB 100.0m | — | — |
| Total assets | THB 15.17bn | THB 15.12bn | THB 15.04bn | THB 15.03bn | THB 15.07bn | THB 14.99bn | THB 14.99bn | THB 15.01bn |
| Cash and short-term investments | — | THB 22.6m | THB 113.7m | THB 28.4m | THB 12.8m | THB 30.4m | THB 33.2m | THB 18.5m |
| Debt | THB 5.51bn | THB 8.29bn | THB 8.24bn | THB 8.39bn | THB 8.42bn | THB 8.34bn | THB 8.62bn | THB 8.81bn |
| Shareholders' equity | THB 5.64bn | THB 5.63bn | THB 5.64bn | THB 5.51bn | THB 5.46bn | THB 5.49bn | THB 5.09bn | THB 5.03bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.1% | 31.2% | 31.7% | 33.2% | 20.3% | 31.2% |
| Operating margin | 7.3% | 14.8% | 17.7% | 16.3% | -0.6% | 6.6% |
| Net margin | 10.3% | 6.0% | 9.9% | 7.8% | 13.5% | 0.9% |
| Return on equity | 2.8% | 1.7% | 4.0% | 4.0% | 8.4% | 0.5% |
| Return on assets | 1.0% | 0.6% | 1.4% | 1.5% | 3.2% | 0.2% |
| Free cash flow yield | 7.4% | -56.9% | -89.8% | 26.3% | 45.9% | -19.2% |
| Revenue growth | 6.1% | -29.2% | -21.3% | -15.0% | 22.4% | -8.8% |
| Earnings growth | 80.7% | -57.1% | 0.0% | -50.8% | 1795.6% | -78.3% |
| Current ratio | 3.56x | 2.72x | 3.00x | 2.54x | 2.00x | 2.72x |
| Debt to equity | 1.46x | 1.69x | 1.54x | 1.26x | 1.30x | 1.54x |
| Equity ratio | 37.5% | 33.9% | 34.3% | 37.5% | 38.8% | 35.3% |
| Interest coverage | 1.59x | 2.66x | 5.58x | 3.18x | -0.10x | 1.36x |
| Buybacks as a share of market value | -17.3% | -1.6% | -0.0% | 0.0% | -1.5% | 0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.1% | -9.3% | 14.4% |
| Operating income | -34.6% | -5.0% | 21.2% |
| Net income | -8.1% | 48.6% | 28.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.1% | 30.8% | 28.4% | 30.6% |
| Operating margin | 11.4% | 14.6% | 9.4% | 9.4% |
| Net margin | 8.2% | 8.5% | 8.2% | 7.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.4 | 25.1 | 15.2 | 15.4 | 10.2 | 136.4 | 25.7 | 11.4 | 29.6 | -363.4 |
| Price to sales | 1.0 | 1.5 | 1.5 | 1.2 | 1.4 | 1.2 | 0.9 | 1.1 | 2.6 | 16.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Mar 2024.
| FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.026 | 0.059 | 0.014 | 0.035 | 0.07 | 0.149 | 0.044 |
- 9-for-8 split · 9 Mar 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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