3.16
+0.64%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.84bn
FY2018FY2025
Net income
THB 186.2m
FY2018FY2025
Free cash flow
−THB 213.7m
FY2018FY2025
Shareholders' equity
THB 1.61bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.84bn | THB 1.60bn | THB 1.91bn | THB 913.5m | THB 485.6m | THB 265.4m | THB 250.9m | THB 182.6m |
| Gross profit | THB 398.5m | THB 546.0m | THB 590.9m | THB 393.7m | THB 197.3m | THB 107.9m | THB 99.7m | THB 53.5m |
| Operating income | THB 246.5m | THB 344.2m | THB 455.4m | THB 307.4m | THB 147.2m | THB 56.5m | THB 42.3m | THB 15.1m |
| Net income | THB 186.2m | THB 255.8m | THB 365.2m | THB 240.1m | THB 111.2m | THB 40.0m | THB 34.5m | THB 17.8m |
| Diluted earnings per share | 0.58 | 0.80 | 1.14 | 0.75 | 0.35 | 0.13 | 0.11 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.21bn | THB 2.07bn | THB 2.49bn | THB 1.64bn | THB 213,654 | THB 326,511 | THB 265,131 | THB 251,643 |
| Cash and short-term investments | THB 236.5m | THB 700.5m | THB 966.3m | THB 1.26bn | THB 92.0m | THB 50.6m | THB 38.8m | THB 15.0m |
| Total liabilities | THB 573.0m | THB 516.1m | THB 744.2m | THB 152.5m | THB 76.3m | THB 48.9m | THB 36.1m | THB 251,643 |
| Debt | THB 53.3m | THB 56.1m | THB 68.8m | THB 6.0m | THB 7.6m | THB 9.8m | THB 7.8m | THB 2.6m |
| Shareholders' equity | THB 1.61bn | THB 1.52bn | THB 1.72bn | THB 1.48bn | THB 189.1m | THB 96.0m | THB 116.3m | THB 79.8m |
| Shares outstanding | 320m | 320m | 320m | 320m | 320m | 320m | 320m | 320m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −THB 210.1m | THB 293.5m | THB 204.1m | THB 127.4m | THB 64.9m | THB 59.6m | THB 21.4m | −THB 5.0m |
| Capital spending | −THB 3.6m | −THB 26.0m | −THB 82.4m | −THB 8.1m | −THB 2.3m | −THB 1.2m | −THB 4.0m | −THB 14.5m |
| Free cash flow | −THB 213.7m | THB 267.5m | THB 121.7m | THB 119.3m | THB 62.6m | THB 58.4m | THB 17.4m | −THB 19.5m |
| Dividends paid | −THB 100.0m | −THB 450.0m | −THB 126.1m | −THB 175.2m | −THB 19.0m | −THB 61.9m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 359.9m | THB 326.1m | THB 489.8m | THB 573.2m | THB 429.7m | THB 344.4m | THB 408.6m | THB 409.7m |
| Gross profit | THB 97.3m | THB 72.6m | THB 111.9m | THB 127.0m | THB 103.3m | THB 91.0m | THB 134.5m | THB 131.0m |
| Operating income | THB 41.7m | THB 41.4m | THB 49.5m | THB 86.2m | THB 66.9m | THB 51.5m | THB 55.7m | THB 94.3m |
| Net income | THB 30.6m | THB 30.2m | THB 31.8m | THB 65.8m | THB 51.1m | THB 37.4m | THB 35.8m | THB 70.8m |
| Diluted earnings per share | 0.10 | 0.09 | 0.10 | 0.21 | 0.16 | 0.12 | 0.11 | 0.22 |
| Cash from operations | THB 98.0m | −THB 92.0m | THB 71.0m | −THB 308.0m | THB 62.0m | −THB 41.0m | THB 61.0m | THB 51.0m |
| Capital spending | — | −THB 1.0m | — | −THB 1.0m | −THB 1.0m | — | −THB 7.0m | −THB 15.0m |
| Free cash flow | — | −THB 93.0m | — | −THB 309.0m | THB 61.0m | — | THB 54.0m | THB 36.0m |
| Total assets | THB 2.27bn | THB 2.26bn | THB 2.21bn | THB 2.17bn | THB 2.12bn | THB 2.08bn | THB 2.07bn | THB 2.30bn |
| Cash and short-term investments | THB 244.9m | THB 183.3m | THB 236.5m | THB 254.3m | THB 576.5m | THB 651.5m | THB 700.5m | THB 783.8m |
| Debt | THB 30.9m | THB 33.8m | THB 55.0m | THB 43.8m | THB 47.0m | THB 43.4m | THB 46.3m | THB 51.2m |
| Shareholders' equity | THB 1.61bn | THB 1.64bn | THB 1.61bn | THB 1.58bn | THB 1.51bn | THB 1.56bn | THB 1.52bn | THB 1.61bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.7% | 34.0% | 30.9% | 43.1% | 40.6% | 40.7% |
| Operating margin | 13.4% | 21.9% | 23.8% | 33.7% | 30.3% | 21.3% |
| Net margin | 10.1% | 15.9% | 19.1% | 26.3% | 22.9% | 15.1% |
| Return on equity | 11.6% | 16.8% | 21.2% | 16.2% | 58.8% | 41.7% |
| Return on assets | 8.4% | 12.4% | 14.7% | 14.7% | 52069.3% | 12265.4% |
| Free cash flow yield | -20.2% | 31.2% | 28.0% | 13.2% | 6.6% | — |
| Revenue growth | 14.5% | -16.1% | 109.4% | 88.1% | 82.9% | 5.8% |
| Earnings growth | -27.2% | -30.0% | 52.1% | 115.8% | 177.8% | 16.0% |
| Current ratio | 3.43x | 3.96x | 3.08x | 10.99x | 0.00x | 0.01x |
| Debt to equity | 0.02x | 0.03x | 0.03x | 0.00x | 0.01x | 0.02x |
| Equity ratio | 72.7% | 73.7% | 69.2% | 90.7% | 88486.3% | 29399.9% |
| Interest coverage | 43.07x | 41.23x | 92.86x | 735.08x | 286.55x | 107.42x |
| Buybacks as a share of market value | -0.1% | 0.1% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.2% | 47.2% | — |
| Operating income | -7.1% | 34.3% | — |
| Net income | -8.1% | 36.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 30.8% | 31.8% | — |
| Operating margin | 17.2% | 21.6% | 22.2% | — |
| Net margin | 12.8% | 16.7% | 17.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 7.3 | 10.3 | 20.4 | 32.8 |
| Price to sales | 0.8 | 1.6 | 3.9 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 0.188 | 0.313 | 1.406 | 0.394 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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