1.39
-0.71%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 961.1m
FY2016FY2025
Net income
THB 121.5m
FY2016FY2025
Free cash flow
THB 113.8m
FY2016FY2025
Shareholders' equity
THB 981.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 961.1m | THB 1.02bn | THB 1.03bn | THB 892.1m | THB 696.5m | THB 666.9m | THB 678.3m | THB 644.9m | THB 784.2m | THB 807.5m |
| Gross profit | THB 199.1m | THB 245.4m | THB 149.4m | THB 137.2m | THB 173.8m | THB 163.1m | THB 106.4m | THB 100.8m | THB 129.4m | THB 130.7m |
| Operating income | THB 132.8m | THB 192.3m | THB 104.9m | THB 90.5m | THB 141.0m | THB 107.5m | THB 49.0m | THB 27.5m | THB 56.3m | THB 51.3m |
| Net income | THB 121.5m | THB 147.5m | THB 73.2m | THB 82.5m | THB 107.7m | THB 76.9m | THB 30.7m | THB 29.0m | THB 42.6m | THB 23.0m |
| Diluted earnings per share | 0.12 | 0.15 | 0.07 | 0.08 | 0.11 | 0.10 | 0.04 | 0.03 | 0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 1.17bn | THB 1.34bn | THB 1.36bn | THB 1.41bn | THB 1.15bn | THB 1.03bn | THB 957.1m | THB 1.04bn | THB 923.7m | THB 1.07bn |
| Cash and short-term investments | THB 86.0m | THB 218.7m | THB 115.8m | THB 105.4m | THB 97.9m | THB 101.4m | THB 14.4m | THB 11.4m | THB 18.2m | THB 27.6m |
| Total liabilities | THB 183.7m | THB 324.7m | THB 354.5m | THB 480.8m | THB 244.0m | THB 556.8m | THB 340.1m | THB 463.3m | THB 372.6m | THB 561.6m |
| Debt | THB 105.2m | THB 137.8m | THB 233.4m | THB 372.9m | THB 80.2m | THB 461.7m | THB 255.9m | THB 332.6m | THB 276.0m | THB 459.0m |
| Shareholders' equity | THB 981.9m | THB 1.01bn | THB 1.01bn | THB 933.8m | THB 901.3m | THB 468.9m | THB 617.0m | THB 580.3m | THB 551.0m | THB 508.7m |
| Shares outstanding | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 783m | 740m | 1,000m | 1,000m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 141.0m | THB 290.4m | THB 167.0m | −THB 137.9m | THB 109.8m | THB 168.6m | THB 108.9m | −THB 2.6m | THB 233.1m | THB 2.2m |
| Capital spending | −THB 27.2m | −THB 9.0m | −THB 17.5m | −THB 89.6m | −THB 57.0m | −THB 6.2m | −THB 27.1m | −THB 62.2m | −THB 60.2m | −THB 53.1m |
| Free cash flow | THB 113.8m | THB 281.4m | THB 149.5m | −THB 227.5m | THB 52.7m | THB 162.4m | THB 81.8m | −THB 64.8m | THB 172.8m | −THB 50.9m |
| Dividends paid | −THB 200.0m | −THB 89.9m | −THB 905 | −THB 48.6m | −THB 29.9m | −THB 225.0m | −THB 225.0m | −THB 225.0m | −THB 225.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 244.9m | THB 204.2m | THB 198.6m | THB 225.9m | THB 293.9m | THB 242.7m | THB 218.6m | THB 280.6m |
| Gross profit | THB 39.5m | THB 48.6m | THB 37.6m | THB 42.4m | THB 63.3m | THB 63.2m | THB 49.1m | THB 72.5m |
| Operating income | THB 19.1m | THB 31.1m | THB 20.3m | THB 25.7m | THB 40.4m | THB 51.9m | THB 50.8m | THB 22.7m |
| Net income | THB 21.4m | THB 41.9m | THB 25.1m | THB 24.1m | THB 32.1m | THB 40.2m | THB 39.1m | THB 17.0m |
| Diluted earnings per share | 0.02 | 0.04 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.02 |
| Cash from operations | THB 49.0m | THB 85.0m | THB 42.0m | THB 48.0m | THB 61.0m | −THB 11.0m | THB 30.0m | THB 57.0m |
| Capital spending | −THB 4.0m | −THB 2.0m | −THB 14.0m | −THB 6.0m | −THB 4.0m | −THB 1.0m | −THB 1.0m | −THB 3.0m |
| Free cash flow | THB 45.0m | THB 83.0m | THB 28.0m | THB 42.0m | THB 57.0m | −THB 12.0m | THB 29.0m | THB 54.0m |
| Total assets | THB 1.16bn | THB 1.21bn | THB 1.17bn | THB 1.22bn | THB 1.22bn | THB 1.30bn | THB 1.34bn | THB 1.33bn |
| Cash and short-term investments | THB 84.5m | THB 137.5m | THB 86.0m | THB 98.2m | THB 93.4m | THB 136.7m | THB 218.7m | THB 226.2m |
| Debt | THB 62.1m | THB 58.1m | THB 97.0m | THB 124.8m | THB 105.9m | THB 105.0m | THB 122.6m | THB 157.6m |
| Shareholders' equity | THB 945.3m | THB 1.02bn | THB 981.9m | THB 956.8m | THB 982.7m | THB 1.05bn | THB 1.01bn | THB 1.03bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.7% | 24.0% | 14.6% | 15.4% | 25.0% | 24.5% |
| Operating margin | 13.8% | 18.7% | 10.2% | 10.0% | 20.2% | 16.1% |
| Net margin | 12.6% | 14.4% | 7.1% | 9.2% | 15.5% | 11.5% |
| Return on equity | 12.4% | 14.6% | 7.3% | 8.8% | 11.9% | 16.4% |
| Return on assets | 10.4% | 11.0% | 5.4% | 5.8% | 9.4% | 7.5% |
| Free cash flow yield | 12.5% | 22.2% | 13.7% | -3.6% | 12.4% | 16.5% |
| Revenue growth | -6.0% | -0.5% | 15.1% | 28.1% | 4.4% | -1.7% |
| Earnings growth | -17.6% | 101.5% | -11.3% | -23.4% | 40.1% | 150.6% |
| Current ratio | 4.67x | 3.01x | 3.41x | 2.90x | 3.43x | 1.57x |
| Debt to equity | 0.09x | 0.12x | 0.21x | 0.36x | 0.05x | 0.90x |
| Equity ratio | 84.2% | 75.7% | 74.0% | 66.0% | 78.7% | 45.7% |
| Interest coverage | 22.96x | 23.76x | 7.81x | 14.16x | 25.37x | 8.93x |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.0% | -27.7% | -5.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.5% | 7.6% | — |
| Operating income | 13.6% | 4.3% | — |
| Net income | 13.8% | 9.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.4% | 18.7% | 20.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 10.5 | 9.6 | 22.4 | 32.5 | 27.5 |
| Price to sales | 1.3 | 1.4 | 1.6 | 3.0 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.15 | 0.14 | 0.05 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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