19.10
+1.60%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 25.56bn
FY2016FY2025
Net income
THB 3.67bn
FY2016FY2025
Free cash flow
THB 6.02bn
FY2016FY2025
Shareholders' equity
THB 16.87bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 25.56bn | THB 27.07bn | THB 26.06bn | THB 27.27bn | THB 26.76bn | THB 25.58bn | THB 25.61bn | THB 24.30bn | THB 25.88bn | THB 32.27bn |
| Operating income | THB 3.81bn | THB 2.27bn | THB 2.82bn | THB 2.07bn | THB 3.68bn | THB 3.86bn | THB 3.83bn | THB 3.44bn | THB 3.54bn | THB 2.78bn |
| Net income | THB 3.67bn | THB 1.64bn | THB 2.40bn | THB 1.93bn | THB 3.25bn | THB 3.50bn | THB 3.26bn | THB 3.01bn | THB 2.83bn | THB 2.81bn |
| Diluted earnings per share | 1.22 | 0.55 | 0.80 | 0.64 | 1.09 | 1.15 | 1.09 | 1.00 | 0.94 | 0.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 24.65bn | THB 25.13bn | THB 24.40bn | THB 26.15bn | THB 27.14bn | THB 25.86bn | THB 24.32bn | THB 23.46bn | THB 15.20bn | THB 16.65bn |
| Cash and short-term investments | THB 4.52bn | THB 2.19bn | THB 1.34bn | THB 1.09bn | THB 2.49bn | THB 3.53bn | THB 4.12bn | THB 7.99bn | THB 384.7m | THB 601.9m |
| Total liabilities | THB 7.32bn | THB 9.34bn | THB 7.89bn | THB 7.70bn | THB 7.24bn | THB 6.53bn | THB 6.30bn | THB 5.15bn | THB 11.76bn | THB 11.94bn |
| Debt | THB 615.8m | THB 2.63bn | THB 2.69bn | THB 1.88bn | THB 1.11bn | THB 1.33bn | THB 502.2m | THB 141.8m | THB 6.21bn | THB 5.55bn |
| Shareholders' equity | THB 16.87bn | THB 15.49bn | THB 16.33bn | THB 18.46bn | THB 19.88bn | THB 19.22bn | THB 17.87bn | THB 18.09bn | THB 3.33bn | THB 4.56bn |
| Shares outstanding | 3,004m | 3,004m | 3,004m | 3,004m | 2,999m | 3,042m | 2,987m | 3,004m | 3,004m | 3,004m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 6.76bn | THB 3.47bn | THB 1.94bn | THB 2.14bn | THB 4.52bn | THB 3.06bn | THB 3.65bn | THB 3.61bn | THB 4.32bn | THB 4.04bn |
| Capital spending | −THB 745.2m | −THB 921.3m | −THB 1.27bn | −THB 1.33bn | −THB 2.71bn | −THB 3.35bn | −THB 3.56bn | −THB 1.65bn | −THB 1.07bn | −THB 1.03bn |
| Free cash flow | THB 6.02bn | THB 2.55bn | THB 675.6m | THB 812.9m | THB 1.81bn | −THB 285.8m | THB 93.2m | THB 1.96bn | THB 3.25bn | THB 3.01bn |
| Dividends paid | −THB 2.10bn | −THB 2.25bn | −THB 4.96bn | −THB 3.30bn | −THB 3.30bn | −THB 3.30bn | −THB 3.12bn | −THB 2.74bn | −THB 4.11bn | −THB 6.40bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.12bn | THB 6.35bn | THB 6.32bn | THB 5.60bn | THB 6.81bn | THB 6.83bn | THB 6.42bn | THB 6.04bn |
| Operating income | THB 1.24bn | THB 1.31bn | THB 766.5m | THB 874.2m | THB 1.27bn | THB 1.46bn | THB 740.2m | −THB 306.4m |
| Net income | THB 1.10bn | THB 1.16bn | THB 691.8m | THB 700.0m | THB 1.01bn | THB 1.27bn | THB 566.8m | −THB 361.2m |
| Diluted earnings per share | 0.37 | 0.39 | 0.23 | 0.23 | 0.34 | 0.42 | 0.19 | -0.12 |
| Cash from operations | THB 2.05bn | THB 1.85bn | THB 2.09bn | THB 1.85bn | THB 1.37bn | THB 1.28bn | THB 1.68bn | −THB 1.15bn |
| Capital spending | −THB 43.0m | −THB 68.0m | −THB 228.0m | −THB 320.0m | −THB 100.0m | −THB 109.0m | −THB 92.0m | −THB 187.0m |
| Free cash flow | THB 2.01bn | THB 1.78bn | THB 1.86bn | THB 1.53bn | THB 1.27bn | THB 1.17bn | THB 1.59bn | −THB 1.34bn |
| Total assets | THB 24.04bn | THB 23.98bn | THB 24.65bn | THB 24.32bn | THB 24.58bn | THB 25.49bn | THB 25.13bn | THB 23.99bn |
| Cash and short-term investments | THB 5.94bn | THB 5.17bn | THB 4.52bn | THB 3.49bn | THB 2.54bn | THB 2.54bn | THB 2.19bn | THB 1.75bn |
| Debt | THB 164.9m | THB 275.1m | THB 495.7m | THB 1.20bn | THB 540.0m | THB 1.13bn | THB 2.35bn | THB 3.44bn |
| Shareholders' equity | THB 16.55bn | THB 16.66bn | THB 16.87bn | THB 16.20bn | THB 16.74bn | THB 16.74bn | THB 15.49bn | THB 14.69bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 14.9% | 8.4% | 10.8% | 7.6% | 13.8% | 15.1% |
| Net margin | 14.3% | 6.1% | 9.2% | 7.1% | 12.2% | 13.7% |
| Return on equity | 21.7% | 10.6% | 14.7% | 10.5% | 16.4% | 18.2% |
| Return on assets | 14.9% | 6.5% | 9.8% | 7.4% | 12.0% | 13.6% |
| Free cash flow yield | 15.5% | 9.1% | 6.6% | 7.2% | 15.0% | 13.1% |
| Revenue growth | -5.6% | 3.9% | -4.4% | 1.9% | 4.6% | -0.1% |
| Earnings growth | 123.8% | -31.8% | 24.2% | -40.6% | -7.1% | 7.5% |
| Current ratio | 1.84x | 1.37x | 1.37x | 1.37x | 1.60x | 2.01x |
| Debt to equity | 0.02x | 0.15x | 0.15x | 0.09x | 0.05x | 0.05x |
| Equity ratio | 68.4% | 61.6% | 66.9% | 70.6% | 73.3% | 74.4% |
| Interest coverage | 34.82x | 19.34x | 26.14x | 23.28x | 38.52x | 59.11x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -0.2% | 1.4% | -1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.1% | -0.0% | -2.1% |
| Operating income | 22.6% | -0.3% | 4.1% |
| Net income | 23.8% | 0.9% | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.6% | 10.3% | 11.7% | 11.6% |
| Net margin | 10.1% | 9.1% | 10.4% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.2 | 38.1 | 27.5 | 43.9 | 31.6 | 30.8 | 37.1 | 24.5 |
| Price to sales | 1.9 | 2.3 | 2.5 | 3.1 | 3.8 | 4.2 | 4.7 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.85 | 0.70 | 0.75 | 1.65 | 1.10 | 1.10 | 0.12 | 0.99 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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