280.00
+1.82%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.52bn
FY2016FY2025
Net income
THB 313.7m
FY2016FY2025
Free cash flow
THB 482.1m
FY2016FY2025
Shareholders' equity
THB 2.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.52bn | THB 2.70bn | THB 2.52bn | THB 1.93bn | THB 562.0m | THB 913.7m | THB 1.30bn | THB 2.21bn | THB 2.13bn | THB 2.05bn |
| Gross profit | THB 1.19bn | THB 1.31bn | THB 1.16bn | THB 734.7m | −THB 233.1m | −THB 62.2m | THB 235.5m | THB 989.2m | THB 922.4m | THB 839.7m |
| Operating income | THB 460.1m | THB 575.9m | THB 462.9m | THB 206.0m | −THB 586.5m | −THB 500.3m | −THB 472.4m | THB 288.2m | THB 244.9m | THB 181.5m |
| Net income | THB 313.7m | THB 420.0m | THB 277.4m | THB 88.2m | −THB 620.6m | −THB 480.1m | −THB 370.9m | THB 259.7m | THB 215.9m | THB 152.7m |
| Diluted earnings per share | 20.78 | 27.82 | 18.38 | 5.84 | -41.08 | -31.81 | -24.57 | 17.20 | 14.30 | 10.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 6.20bn | THB 5.74bn | THB 5.95bn | THB 6.12bn | THB 6.30bn | THB 6.74bn | THB 3.20bn | THB 1.87bn | THB 1.89bn | THB 2.13bn |
| Cash and short-term investments | THB 456.3m | THB 282.1m | THB 205.5m | THB 275.8m | THB 102.9m | THB 108.6m | THB 111.0m | THB 114.6m | THB 82.0m | THB 186.1m |
| Total liabilities | THB 3.40bn | THB 3.26bn | THB 3.88bn | THB 4.46bn | THB 4.74bn | THB 4.62bn | THB 2.94bn | THB 1.08bn | THB 1.13bn | THB 1.40bn |
| Debt | THB 1.44bn | THB 2.28bn | THB 2.97bn | THB 3.68bn | THB 4.02bn | THB 3.66bn | THB 2.15bn | THB 420.0m | THB 420.0m | THB 750.0m |
| Shareholders' equity | THB 2.80bn | THB 2.48bn | THB 2.07bn | THB 1.66bn | THB 1.56bn | THB 2.12bn | THB 263.8m | THB 787.8m | THB 764.1m | THB 737.1m |
| Shares outstanding | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 864.8m | THB 856.0m | THB 750.1m | THB 559.5m | −THB 282.6m | −THB 207.1m | −THB 205.6m | THB 450.8m | THB 491.3m | THB 385.8m |
| Capital spending | −THB 382.7m | −THB 79.9m | −THB 62.6m | −THB 31.2m | −THB 119.8m | −THB 656.3m | −THB 1.43bn | −THB 208.9m | −THB 111.1m | −THB 371.0m |
| Free cash flow | THB 482.1m | THB 776.1m | THB 687.6m | THB 528.3m | −THB 402.3m | −THB 863.5m | −THB 1.63bn | THB 241.9m | THB 380.2m | THB 14.8m |
| Dividends paid | — | — | — | — | — | — | −THB 135.9m | −THB 241.7m | −THB 181.2m | −THB 196.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 570.3m | THB 893.5m | THB 824.1m | THB 477.7m | THB 432.0m | THB 788.4m | THB 784.2m | THB 620.7m |
| Gross profit | THB 228.0m | THB 456.8m | THB 436.1m | THB 146.5m | THB 151.2m | THB 455.8m | THB 415.7m | THB 252.7m |
| Operating income | THB 46.4m | THB 239.6m | THB 223.4m | −THB 15.0m | −THB 9.8m | THB 261.3m | THB 211.7m | THB 80.0m |
| Net income | THB 30.7m | THB 193.0m | THB 167.5m | −THB 26.0m | −THB 21.7m | THB 193.9m | THB 164.0m | THB 57.1m |
| Diluted earnings per share | 2.03 | 12.79 | 11.10 | -1.72 | -1.44 | 12.84 | 10.87 | 3.78 |
| Cash from operations | THB 45.0m | THB 164.0m | THB 364.0m | THB 201.0m | THB 83.0m | THB 215.0m | THB 322.0m | THB 182.0m |
| Capital spending | −THB 29.0m | −THB 82.0m | −THB 113.0m | −THB 147.0m | −THB 81.0m | −THB 40.0m | −THB 22.0m | −THB 23.0m |
| Free cash flow | THB 16.0m | THB 82.0m | THB 251.0m | THB 54.0m | THB 2.0m | THB 175.0m | THB 300.0m | THB 159.0m |
| Total assets | THB 5.79bn | THB 5.97bn | THB 6.20bn | THB 5.85bn | THB 5.67bn | THB 5.73bn | THB 5.74bn | THB 5.82bn |
| Cash and short-term investments | — | THB 331.7m | THB 456.3m | THB 318.6m | THB 270.4m | THB 300.5m | THB 282.1m | THB 288.3m |
| Debt | THB 996.7m | THB 1.24bn | THB 1.48bn | THB 1.54bn | THB 1.54bn | THB 1.54bn | THB 1.70bn | THB 1.99bn |
| Shareholders' equity | THB 3.03bn | THB 2.99bn | THB 2.80bn | THB 2.63bn | THB 2.66bn | THB 2.68bn | THB 2.48bn | THB 2.32bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 47.2% | 48.4% | 46.1% | 38.1% | -41.5% | -6.8% |
| Operating margin | 18.3% | 21.5% | 18.5% | 10.7% | -104.4% | -54.8% |
| Net margin | 12.4% | 15.5% | 11.0% | 4.6% | -110.4% | -52.5% |
| Return on equity | 11.2% | 16.9% | 13.4% | 5.3% | -39.8% | -22.6% |
| Return on assets | 5.1% | 7.3% | 4.7% | 1.4% | -9.8% | -7.1% |
| Free cash flow yield | 31.2% | 23.4% | 20.3% | 14.8% | -4.1% | 11.2% |
| Revenue growth | -6.6% | 7.3% | 30.6% | 243.0% | -38.5% | -29.8% |
| Earnings growth | -25.3% | 51.4% | 214.5% | -114.2% | 29.3% | 29.4% |
| Current ratio | 0.58x | 0.32x | 0.26x | 0.19x | 0.16x | 0.21x |
| Debt to equity | 0.51x | 0.68x | 1.13x | 1.83x | 2.15x | 1.39x |
| Equity ratio | 45.1% | 43.3% | 34.8% | 27.2% | 24.7% | 31.5% |
| Interest coverage | 6.07x | 5.18x | 3.72x | 1.76x | -5.27x | -6.51x |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.1% | -0.1% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.4% | 22.5% | 2.8% |
| Operating income | 30.7% | — | 8.3% |
| Net income | 52.6% | — | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.8% | 45.4% | 36.8% | 38.2% |
| Operating margin | 19.8% | 17.6% | 5.5% | 5.1% |
| Net margin | 14.0% | 11.4% | -0.0% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 12.8 | 22.6 | 81.5 | -8.1 | -10.4 | -16.3 | 27.9 | 62.2 | 106.0 |
| Price to sales | 1.9 | 2.0 | 2.5 | 3.7 | 8.9 | 5.5 | 4.6 | 3.3 | 6.3 | 7.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 May 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 9.00 | 16.00 | 12.00 | 13.00 | 14.00 | 18.00 | 18.00 | 9.00 |
- 2-to-1 reverse split · 31 Jan 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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