3.74
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 14.07bn
FY2016FY2025
Net income
−THB 540.0m
FY2016FY2025
Free cash flow
−THB 34.4m
FY2016FY2025
Shareholders' equity
THB 39.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 14.07bn | THB 19.69bn | THB 24.18bn | THB 28.40bn | THB 28.31bn | THB 29.24bn | THB 39.89bn | THB 44.90bn | THB 43.93bn | THB 46.93bn |
| Operating income | THB 257.1m | THB 1.65bn | THB 3.57bn | THB 4.00bn | THB 3.55bn | THB 4.20bn | THB 7.34bn | THB 7.83bn | THB 7.35bn | THB 7.83bn |
| Net income | −THB 540.0m | THB 456.1m | THB 2.21bn | THB 2.77bn | THB 2.35bn | THB 2.77bn | THB 5.36bn | THB 6.02bn | THB 5.46bn | THB 5.94bn |
| Diluted earnings per share | -0.25 | 0.21 | 1.01 | 1.27 | 1.07 | 1.28 | 2.45 | 2.75 | 2.49 | 2.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 61.81bn | THB 65.89bn | THB 68.55bn | THB 68.66bn | THB 72.05bn | THB 78.27bn | THB 86.78bn | THB 81.85bn | THB 72.24bn | THB 66.34bn |
| Cash and short-term investments | THB 2.43bn | THB 4.01bn | THB 3.98bn | THB 3.88bn | THB 3.35bn | THB 1.34bn | THB 1.77bn | THB 1.44bn | THB 1.35bn | THB 831.8m |
| Total liabilities | THB 20.55bn | THB 22.42bn | THB 22.71bn | THB 23.08bn | THB 27.98bn | THB 34.49bn | THB 42.99bn | THB 39.97bn | THB 33.58bn | THB 30.18bn |
| Debt | THB 13.45bn | THB 15.73bn | THB 16.41bn | THB 14.12bn | THB 19.63bn | THB 25.64bn | THB 31.10bn | THB 27.10bn | THB 24.30bn | THB 19.90bn |
| Shareholders' equity | THB 39.60bn | THB 41.80bn | THB 44.12bn | THB 43.97bn | THB 43.32bn | THB 43.05bn | THB 43.06bn | THB 41.17bn | THB 37.91bn | THB 35.41bn |
| Shares outstanding | 2,189m | 2,197m | 2,189m | 2,189m | 2,207m | 2,165m | 2,189m | 2,189m | 2,187m | 2,186m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.02bn | THB 2.44bn | THB 6.06bn | THB 12.34bn | THB 11.91bn | THB 10.58bn | THB 1.70bn | THB 1.53bn | THB 1.39bn | THB 4.43bn |
| Capital spending | −THB 1.05bn | −THB 668.8m | −THB 399.5m | −THB 398.0m | −THB 1.06bn | −THB 1.27bn | −THB 1.03bn | −THB 618.5m | −THB 1.46bn | −THB 299.5m |
| Free cash flow | −THB 34.4m | THB 1.77bn | THB 5.66bn | THB 11.95bn | THB 10.85bn | THB 9.31bn | THB 670.7m | THB 906.7m | −THB 71.9m | THB 4.13bn |
| Dividends paid | −THB 175.1m | −THB 1.75bn | −THB 2.10bn | −THB 2.10bn | −THB 2.10bn | −THB 2.76bn | −THB 3.50bn | −THB 2.78bn | −THB 3.00bn | −THB 4.13bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.95bn | THB 3.25bn | THB 4.67bn | THB 3.04bn | THB 2.87bn | THB 3.49bn | THB 5.16bn | THB 5.21bn |
| Operating income | THB 172.7m | THB 215.4m | THB 147.4m | THB 313.2m | THB 323.8m | THB 184.8m | −THB 70.7m | THB 679.8m |
| Net income | THB 141.1m | THB 56.3m | −THB 735.6m | THB 106.0m | THB 76.4m | THB 13.2m | −THB 296.5m | THB 373.4m |
| Diluted earnings per share | 0.06 | 0.03 | -0.34 | 0.05 | 0.03 | 0.01 | -0.13 | 0.17 |
| Cash from operations | THB 1.59bn | THB 980.0m | THB 2.74bn | −THB 427.0m | −THB 84.0m | −THB 845.0m | THB 46.0m | THB 1.55bn |
| Capital spending | −THB 37.0m | −THB 7.0m | −THB 498.0m | −THB 29.0m | −THB 8.0m | −THB 532.0m | −THB 197.0m | −THB 145.0m |
| Free cash flow | THB 1.55bn | THB 973.0m | THB 2.25bn | −THB 456.0m | −THB 92.0m | −THB 1.38bn | −THB 151.0m | THB 1.41bn |
| Total assets | THB 58.63bn | THB 60.39bn | THB 61.81bn | THB 64.29bn | THB 64.25bn | THB 64.36bn | THB 65.89bn | THB 69.15bn |
| Cash and short-term investments | THB 2.46bn | THB 2.13bn | THB 2.47bn | THB 2.19bn | THB 1.64bn | THB 1.72bn | THB 4.01bn | THB 2.64bn |
| Debt | THB 8.47bn | THB 12.62bn | THB 13.45bn | THB 15.16bn | THB 14.41bn | THB 14.04bn | THB 15.41bn | THB 17.26bn |
| Shareholders' equity | THB 39.47bn | THB 39.70bn | THB 39.60bn | THB 41.02bn | THB 41.60bn | THB 41.76bn | THB 41.80bn | THB 42.87bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.4% | 8.0% | 14.8% | 14.1% | 12.5% | 14.4% |
| Net margin | -3.8% | 2.3% | 9.1% | 9.8% | 8.3% | 9.5% |
| Return on equity | -1.4% | 1.1% | 5.0% | 6.3% | 5.4% | 6.4% |
| Return on assets | -0.9% | 0.7% | 3.2% | 4.0% | 3.3% | 3.5% |
| Free cash flow yield | 25.1% | 37.7% | 78.5% | 154.8% | 156.2% | 145.5% |
| Revenue growth | -28.5% | -18.6% | -14.9% | 0.3% | -3.2% | -26.7% |
| Earnings growth | -218.4% | -79.3% | -20.5% | 17.8% | -15.1% | -48.3% |
| Current ratio | 2.39x | 2.87x | 2.78x | 4.88x | 3.46x | 4.35x |
| Debt to equity | 0.34x | 0.37x | 0.36x | 0.32x | 0.44x | 0.58x |
| Equity ratio | 64.1% | 63.4% | 64.4% | 64.0% | 60.1% | 55.0% |
| Interest coverage | 1.89x | 2.03x | 5.32x | 9.37x | 6.46x | 8.15x |
| Buybacks as a share of market value | 0.4% | -0.4% | 0.0% | 0.8% | -1.9% | 1.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.9% | -13.6% | -12.1% |
| Operating income | -59.9% | -42.8% | -30.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.6% | 11.0% | 12.0% | 15.5% |
| Net margin | -0.2% | 5.7% | 7.0% | 10.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.5 | 38.0 | 12.0 | 10.4 | 12.2 | 9.8 | 6.0 | 6.3 | 9.4 | 8.3 |
| Price to sales | 0.6 | 0.9 | 1.1 | 1.0 | 1.0 | 0.9 | 0.8 | 0.8 | 1.2 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.14 | 0.08 | 0.80 | 0.96 | 0.96 | 0.96 | 1.26 | 1.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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