12.40
-2.36%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 658.72bn
FY2016FY2025
Net income
THB 11.30bn
FY2016FY2025
Free cash flow
THB 4.63bn
FY2016FY2025
Shareholders' equity
THB 113.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 658.72bn | THB 723.96bn | THB 769.74bn | THB 789.78bn | THB 511.80bn | THB 428.80bn | THB 577.13bn | THB 594.13bn | THB 547.25bn | THB 484.43bn |
| Gross profit | THB 35.31bn | THB 33.04bn | THB 38.67bn | THB 39.11bn | THB 36.21bn | THB 33.12bn | THB 34.07bn | THB 31.77bn | THB 34.65bn | THB 35.85bn |
| Operating income | THB 11.54bn | THB 10.71bn | THB 14.36bn | THB 13.68bn | THB 15.07bn | THB 11.48bn | THB 13.84bn | THB 11.67bn | THB 11.62bn | THB 15.85bn |
| Net income | THB 11.30bn | THB 7.65bn | THB 11.09bn | THB 10.37bn | THB 11.47bn | THB 8.79bn | THB 10.90bn | THB 3.01bn | THB 747.1m | THB 1.04bn |
| Diluted earnings per share | 0.94 | 0.64 | 0.92 | 0.86 | 0.96 | 0.83 | 0.94 | 0.26 | 0.06 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 197.93bn | THB 207.49bn | THB 220.24bn | THB 225.50bn | THB 207.66bn | THB 144.98bn | THB 152.18bn | THB 144.36bn | THB 96.20bn | THB 79.74bn |
| Cash and short-term investments | THB 40.21bn | THB 47.35bn | THB 52.04bn | THB 39.56bn | THB 66.24bn | THB 19.01bn | THB 26.30bn | THB 10.49bn | THB 2.53bn | THB 2.31bn |
| Total liabilities | THB 84.11bn | THB 98.53bn | THB 110.73bn | THB 121.74bn | THB 107.79bn | THB 107.06bn | THB 113.47bn | THB 116.41bn | THB 54.74bn | THB 47.67bn |
| Debt | THB 23.56bn | THB 28.73bn | THB 35.88bn | THB 43.82bn | THB 45.04bn | THB 59.67bn | THB 54.41bn | THB 58.03bn | THB 4.49bn | THB 3.54bn |
| Shareholders' equity | THB 113.76bn | THB 108.90bn | THB 109.44bn | THB 103.70bn | THB 99.82bn | THB 37.82bn | THB 38.71bn | THB 27.94bn | THB 41.46bn | THB 32.07bn |
| Shares outstanding | 12,000m | 11,954m | 12,000m | 12,000m | 12,000m | 10,548m | 11,610m | 11,610m | 12,000m | 12,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 10.25bn | THB 17.64bn | THB 37.97bn | −THB 4.20bn | THB 24.04bn | THB 15.79bn | THB 30.57bn | −THB 6.71bn | THB 12.09bn | THB 27.32bn |
| Capital spending | −THB 5.63bn | −THB 7.39bn | −THB 9.14bn | −THB 6.49bn | −THB 5.67bn | −THB 7.33bn | −THB 10.00bn | −THB 5.30bn | −THB 9.67bn | −THB 7.60bn |
| Free cash flow | THB 4.63bn | THB 10.25bn | THB 28.83bn | −THB 10.69bn | THB 18.38bn | THB 8.45bn | THB 20.57bn | −THB 12.00bn | THB 2.42bn | THB 19.72bn |
| Dividends paid | −THB 5.15bn | −THB 6.47bn | −THB 4.79bn | −THB 6.46bn | −THB 4.42bn | −THB 9.45bn | −THB 9.45bn | −THB 1.1m | −THB 3.5m | −THB 8.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 205.67bn | THB 176.13bn | THB 155.53bn | THB 153.60bn | THB 167.17bn | THB 182.42bn | THB 185.90bn | THB 176.13bn |
| Gross profit | THB 5.26bn | THB 10.38bn | THB 8.82bn | THB 8.64bn | THB 8.22bn | THB 9.64bn | THB 8.74bn | THB 5.67bn |
| Operating income | −THB 2.76bn | THB 4.70bn | −THB 168.9m | THB 3.36bn | THB 2.87bn | THB 5.48bn | THB 3.43bn | −THB 1.64bn |
| Net income | −THB 1.77bn | THB 2.41bn | THB 2.08bn | THB 2.61bn | THB 2.23bn | THB 4.38bn | THB 3.00bn | −THB 1.61bn |
| Diluted earnings per share | -0.15 | 0.20 | 0.17 | 0.22 | 0.19 | 0.36 | 0.25 | -0.13 |
| Cash from operations | −THB 39.68bn | THB 21.59bn | THB 2.20bn | −THB 235.0m | THB 6.30bn | THB 1.99bn | THB 16.20bn | −THB 7.0m |
| Capital spending | −THB 882.0m | −THB 1.08bn | −THB 1.58bn | −THB 1.18bn | −THB 1.09bn | −THB 1.78bn | −THB 2.33bn | −THB 1.60bn |
| Free cash flow | −THB 40.56bn | THB 20.51bn | THB 617.0m | −THB 1.41bn | THB 5.21bn | THB 209.0m | THB 13.87bn | −THB 1.61bn |
| Total assets | THB 225.02bn | THB 236.54bn | THB 197.93bn | THB 199.83bn | THB 200.44bn | THB 201.83bn | THB 207.49bn | THB 201.42bn |
| Cash and short-term investments | — | THB 51.55bn | THB 40.21bn | THB 39.51bn | THB 46.22bn | THB 42.85bn | THB 47.35bn | THB 33.51bn |
| Debt | THB 3.21bn | THB 9.09bn | THB 14.44bn | THB 13.73bn | THB 14.99bn | THB 15.57bn | THB 19.41bn | THB 20.91bn |
| Shareholders' equity | THB 110.03bn | THB 116.45bn | THB 113.76bn | THB 112.36bn | THB 113.36bn | THB 113.12bn | THB 108.90bn | THB 105.94bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.4% | 4.6% | 5.0% | 5.0% | 7.1% | 7.7% |
| Operating margin | 1.8% | 1.5% | 1.9% | 1.7% | 2.9% | 2.7% |
| Net margin | 1.7% | 1.1% | 1.4% | 1.3% | 2.2% | 2.1% |
| Return on equity | 9.9% | 7.0% | 10.1% | 10.0% | 11.5% | 23.2% |
| Return on assets | 5.7% | 3.7% | 5.0% | 4.6% | 5.5% | 6.1% |
| Free cash flow yield | 10.5% | 16.6% | 31.2% | 1.5% | 19.7% | 17.4% |
| Revenue growth | -9.0% | -5.9% | -2.5% | 54.3% | 19.4% | -25.7% |
| Earnings growth | 47.8% | -31.0% | 7.0% | -9.6% | 30.5% | -19.3% |
| Current ratio | 2.24x | 1.91x | 1.88x | 1.99x | 2.44x | 1.69x |
| Debt to equity | 0.13x | 0.18x | 0.24x | 0.34x | 0.36x | 1.37x |
| Equity ratio | 57.5% | 52.5% | 49.7% | 46.0% | 48.1% | 26.1% |
| Interest coverage | 12.25x | 8.48x | 10.49x | 11.84x | 12.05x | 7.93x |
| Buybacks as a share of market value | -0.4% | 0.4% | 0.0% | 0.0% | -13.8% | 9.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | 9.0% | — |
| Operating income | -5.5% | 0.1% | — |
| Net income | 2.9% | 5.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.9% | 5.0% | 5.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 14.1 | 20.8 | 20.7 | 27.5 | 28.2 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 7 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.60 | 0.43 | 0.54 | 0.40 | 0.54 | 0.37 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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