1.35
0.00%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.67bn
FY2016FY2025
Net income
THB 31.1m
FY2016FY2025
Free cash flow
THB 249.5m
FY2016FY2025
Shareholders' equity
THB 5.43bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.67bn | THB 2.02bn | THB 2.25bn | THB 2.50bn | THB 2.28bn | THB 2.39bn | THB 1.79bn | THB 2.49bn | THB 3.15bn | THB 3.02bn |
| Gross profit | THB 535.2m | THB 691.4m | THB 904.1m | THB 1.07bn | THB 854.2m | THB 847.0m | THB 602.4m | THB 795.5m | THB 937.5m | THB 886.1m |
| Operating income | THB 145.6m | THB 262.1m | THB 466.3m | THB 617.0m | THB 425.6m | THB 448.5m | THB 236.3m | THB 377.8m | THB 430.3m | THB 348.7m |
| Net income | THB 31.1m | THB 110.7m | THB 255.2m | THB 391.6m | THB 243.6m | THB 302.2m | THB 120.1m | THB 239.3m | THB 317.0m | THB 215.9m |
| Diluted earnings per share | 0.03 | 0.09 | 0.21 | 0.32 | 0.20 | 0.25 | 0.10 | 0.20 | 0.26 | 0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 12.13bn | THB 12.39bn | THB 12.31bn | THB 11.58bn | THB 11.30bn | THB 9.24bn | THB 9.46bn | THB 8.42bn | THB 8.43bn | THB 9.03bn |
| Cash and short-term investments | THB 94.0m | THB 78.4m | THB 211.9m | THB 307.4m | THB 1.38bn | THB 159.4m | THB 338.7m | THB 196.3m | THB 468.6m | THB 480.5m |
| Total liabilities | THB 6.70bn | THB 7.00bn | THB 7.02bn | THB 6.43bn | THB 6.45bn | THB 4.61bn | THB 5.07bn | THB 4.16bn | THB 4.28bn | THB 5.06bn |
| Debt | THB 5.70bn | THB 5.91bn | THB 5.86bn | THB 5.25bn | THB 5.28bn | THB 3.45bn | THB 3.98bn | THB 3.71bn | THB 3.80bn | THB 4.47bn |
| Shareholders' equity | THB 5.43bn | THB 5.39bn | THB 5.28bn | THB 5.15bn | THB 4.85bn | THB 4.63bn | THB 4.39bn | THB 4.26bn | THB 4.15bn | THB 3.98bn |
| Shares outstanding | 1,220m | 1,220m | 1,220m | 1,220m | 1,203m | 1,220m | 1,220m | 1,220m | 1,220m | 1,220m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 252.2m | −THB 152.3m | −THB 438.6m | THB 562.5m | −THB 503.1m | THB 482.6m | −THB 28.3m | −THB 4.9m | THB 864.6m | THB 1.01bn |
| Capital spending | −THB 2.6m | −THB 7.0m | −THB 9.4m | −THB 11.0m | −THB 23.9m | −THB 15.2m | −THB 11.0m | −THB 40.9m | −THB 4.7m | −THB 14.0m |
| Free cash flow | THB 249.5m | −THB 159.3m | −THB 448.0m | THB 551.5m | −THB 526.9m | THB 467.4m | −THB 39.3m | −THB 45.8m | THB 859.9m | THB 999.0m |
| Dividends paid | — | — | −THB 118.3m | −THB 91.5m | −THB 73.2m | −THB 36.6m | −THB 36.6m | −THB 122.0m | −THB 146.4m | −THB 134.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 472.6m | THB 465.1m | THB 442.0m | THB 447.2m | THB 462.3m | THB 315.5m | THB 578.1m | THB 502.8m |
| Gross profit | THB 143.4m | THB 138.7m | THB 125.8m | THB 156.5m | THB 149.3m | THB 103.5m | THB 193.4m | THB 172.8m |
| Operating income | THB 40.8m | THB 43.1m | THB 27.6m | THB 61.8m | THB 61.4m | THB 14.0m | THB 95.4m | THB 58.3m |
| Net income | THB 16.9m | THB 16.8m | THB 7.8m | THB 17.8m | THB 24.3m | −THB 18.7m | THB 60.6m | THB 18.5m |
| Diluted earnings per share | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | -0.02 | 0.05 | 0.02 |
| Cash from operations | THB 130.0m | THB 202.0m | THB 121.0m | THB 102.0m | THB 130.0m | −THB 103.0m | THB 391.0m | −THB 297.0m |
| Capital spending | — | — | — | — | — | −THB 1.0m | −THB 2.0m | −THB 2.0m |
| Free cash flow | — | — | — | — | — | −THB 104.0m | THB 389.0m | −THB 299.0m |
| Total assets | THB 11.88bn | THB 11.97bn | THB 12.13bn | THB 12.33bn | THB 12.44bn | THB 12.55bn | THB 12.39bn | THB 13.17bn |
| Cash and short-term investments | — | THB 114.6m | THB 94.0m | THB 175.6m | THB 198.6m | THB 193.5m | THB 78.4m | THB 807.3m |
| Debt | THB 3.18bn | THB 5.48bn | THB 5.68bn | THB 5.87bn | THB 5.96bn | THB 6.05bn | THB 5.88bn | THB 6.67bn |
| Shareholders' equity | THB 5.45bn | THB 5.44bn | THB 5.43bn | THB 5.43bn | THB 5.40bn | THB 5.38bn | THB 5.39bn | THB 5.34bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.1% | 34.2% | 40.2% | 42.8% | 37.5% | 35.4% |
| Operating margin | 8.7% | 13.2% | 20.9% | 24.9% | 17.0% | 19.6% |
| Net margin | 1.9% | 5.5% | 11.4% | 15.7% | 10.7% | 12.6% |
| Return on equity | 0.6% | 2.1% | 4.8% | 7.6% | 5.0% | 6.5% |
| Return on assets | 0.3% | 0.9% | 2.1% | 3.4% | 2.2% | 3.3% |
| Free cash flow yield | 15.4% | -8.8% | -25.9% | 34.6% | -29.3% | 30.0% |
| Revenue growth | -17.6% | -10.0% | -10.1% | 9.7% | -4.6% | 33.3% |
| Earnings growth | -71.9% | -56.6% | -34.8% | 60.7% | -19.4% | 151.6% |
| Current ratio | 2.44x | 2.75x | 2.37x | 2.92x | 4.12x | 2.87x |
| Debt to equity | 1.05x | 1.09x | 1.10x | 1.01x | 1.08x | 0.74x |
| Equity ratio | 44.8% | 43.5% | 42.9% | 44.5% | 42.9% | 50.1% |
| Interest coverage | 1.19x | 2.40x | 3.34x | 5.65x | 4.30x | 6.09x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -1.4% | 1.4% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.6% | -6.9% | -4.5% |
| Operating income | -38.2% | -20.1% | 2.8% |
| Net income | -57.0% | -36.5% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.2% | 37.9% | 37.4% | 34.0% |
| Operating margin | 11.1% | 17.7% | 18.0% | 14.8% |
| Net margin | 3.8% | 9.3% | 10.2% | 8.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 69.0 | 19.1 | 13.9 | 9.6 | 12.2 | 7.3 | 15.4 | 8.0 | 6.8 | 8.1 |
| Price to sales | 1.3 | 1.0 | 1.6 | 1.5 | 1.3 | 0.9 | 1.0 | 0.8 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Mar 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.097 | 0.075 | 0.06 | 0.03 | 0.10 | 0.12 | 0.11 | 0.05 |
- 11-for-10 split · 8 Mar 2011
- 11-for-10 split · 25 Feb 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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