8.55
+0.59%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 5.27bn
FY2016FY2025
Net income
THB 413.8m
FY2016FY2025
Free cash flow
−THB 2.04bn
FY2016FY2025
Shareholders' equity
THB 14.98bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 5.27bn | THB 5.99bn | THB 5.10bn | THB 9.13bn | THB 8.62bn | THB 3.73bn | THB 4.15bn | THB 4.93bn | THB 4.33bn | THB 3.69bn |
| Operating income | THB 992.4m | THB 2.01bn | THB 1.17bn | THB 5.23bn | THB 4.87bn | THB 144.0m | THB 482.8m | THB 1.25bn | THB 803.8m | −THB 481.4m |
| Net income | THB 413.8m | THB 1.47bn | THB 709.6m | THB 4.85bn | THB 4.47bn | −THB 1.29bn | −THB 228.5m | THB 456.2m | −THB 129.5m | −THB 2.66bn |
| Diluted earnings per share | 0.28 | 0.94 | 0.46 | 3.11 | 2.87 | -0.83 | -0.16 | 0.29 | -0.08 | -1.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 25.83bn | THB 26.21bn | THB 24.35bn | THB 24.30bn | THB 23.53bn | THB 21.40bn | THB 25.06bn | THB 27.84bn | THB 28.83bn | THB 32.32bn |
| Cash and short-term investments | THB 1.34bn | THB 2.26bn | THB 2.31bn | THB 1.06bn | THB 2.47bn | THB 1.10bn | THB 1.18bn | THB 1.84bn | THB 1.85bn | THB 2.68bn |
| Total liabilities | THB 10.85bn | THB 9.34bn | THB 8.10bn | THB 7.84bn | THB 9.17bn | THB 11.26bn | THB 13.50bn | THB 15.14bn | THB 16.50bn | THB 18.68bn |
| Debt | THB 10.15bn | THB 8.48bn | THB 7.34bn | THB 6.72bn | THB 8.24bn | THB 10.05bn | THB 12.66bn | THB 14.54bn | THB 15.79bn | THB 18.03bn |
| Shareholders' equity | THB 14.98bn | THB 16.86bn | THB 16.25bn | THB 16.46bn | THB 14.36bn | THB 10.13bn | THB 11.56bn | THB 12.70bn | THB 12.34bn | THB 13.63bn |
| Shares outstanding | 1,485m | 1,562m | 1,559m | 1,559m | 1,559m | 1,563m | 1,464m | 1,559m | 1,559m | 1,559m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.91bn | THB 3.30bn | THB 2.22bn | THB 6.60bn | THB 5.90bn | THB 1.86bn | THB 1.89bn | THB 2.26bn | THB 2.01bn | THB 693.3m |
| Capital spending | −THB 3.95bn | −THB 4.44bn | −THB 409.5m | −THB 2.45bn | −THB 256.0m | −THB 274.2m | −THB 443.1m | −THB 288.8m | −THB 1.01bn | −THB 2.69bn |
| Free cash flow | −THB 2.04bn | −THB 1.14bn | THB 1.81bn | THB 4.16bn | THB 5.64bn | THB 1.59bn | THB 1.45bn | THB 1.97bn | THB 996.5m | −THB 2.00bn |
| Dividends paid | −THB 599.0m | −THB 623.6m | −THB 623.7m | −THB 3.51bn | −THB 1.56bn | −THB 1.56bn | −THB 1.56bn | −THB 1.56bn | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.87bn | THB 1.33bn | THB 1.59bn | THB 1.44bn | THB 1.18bn | THB 1.04bn | THB 1.46bn | THB 1.44bn |
| Operating income | THB 669.5m | THB 274.3m | THB 539.2m | THB 395.3m | THB 96.9m | −THB 216,000 | THB 402.8m | THB 406.2m |
| Net income | THB 521.5m | THB 108.2m | THB 345.0m | THB 252.4m | −THB 43.3m | −THB 140.2m | THB 249.4m | THB 279.9m |
| Diluted earnings per share | 0.35 | 0.07 | 0.23 | 0.17 | -0.03 | -0.09 | 0.16 | 0.18 |
| Cash from operations | THB 1.37bn | THB 388.0m | THB 666.0m | THB 751.0m | THB 574.0m | THB 190.0m | THB 775.0m | THB 958.0m |
| Capital spending | −THB 1.09bn | −THB 3.17bn | −THB 2.28bn | −THB 391.0m | −THB 1.11bn | −THB 408.0m | −THB 1.56bn | −THB 1.63bn |
| Free cash flow | THB 282.0m | −THB 2.78bn | −THB 1.61bn | THB 360.0m | −THB 535.0m | −THB 218.0m | −THB 785.0m | −THB 670.0m |
| Total assets | THB 30.23bn | THB 29.32bn | THB 25.83bn | THB 25.21bn | THB 24.41bn | THB 25.38bn | THB 26.21bn | THB 23.27bn |
| Cash and short-term investments | THB 1.44bn | THB 1.50bn | THB 1.34bn | THB 1.68bn | THB 1.04bn | THB 1.74bn | THB 2.26bn | THB 1.71bn |
| Debt | THB 13.25bn | THB 12.83bn | THB 10.13bn | THB 1.58bn | THB 8.57bn | THB 8.13bn | THB 8.46bn | THB 6.62bn |
| Shareholders' equity | THB 16.13bn | THB 15.67bn | THB 14.98bn | THB 15.15bn | THB 15.20bn | THB 16.56bn | THB 16.86bn | THB 15.94bn |
Financial ratios
Data as of 4 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 18.8% | 33.6% | 23.0% | 57.3% | 56.5% | 3.9% |
| Net margin | 7.9% | 24.5% | 13.9% | 53.1% | 51.9% | -34.7% |
| Return on equity | 2.8% | 8.7% | 4.4% | 29.5% | 31.2% | -12.8% |
| Return on assets | 1.6% | 5.6% | 2.9% | 20.0% | 19.0% | -6.1% |
| Free cash flow yield | 41.3% | 51.9% | 17.7% | 60.8% | 41.3% | 14.3% |
| Revenue growth | -12.0% | 17.4% | -44.1% | 6.0% | 131.0% | -10.2% |
| Earnings growth | -71.8% | 106.9% | -85.4% | 8.4% | -445.6% | 466.7% |
| Current ratio | 0.90x | 1.37x | 1.27x | 0.83x | 1.47x | 0.58x |
| Debt to equity | 0.68x | 0.50x | 0.45x | 0.41x | 0.57x | 0.99x |
| Equity ratio | 58.0% | 64.3% | 66.7% | 67.7% | 61.0% | 47.4% |
| Interest coverage | 1.63x | 3.59x | 2.44x | 13.33x | 11.73x | 0.24x |
| Buybacks as a share of market value | 4.9% | -0.2% | 0.0% | -0.0% | 0.3% | -6.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.8% | 7.1% | 2.2% |
| Operating income | -42.5% | 47.1% | — |
| Net income | -56.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.7% | 36.9% | 38.1% | 26.6% |
| Net margin | 16.7% | 29.2% | 28.1% | 9.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.7 | 7.2 | 19.0 | 5.2 | 5.8 | -9.2 | -48.7 | 29.6 | -126.5 | -4.8 |
| Price to sales | 1.7 | 1.8 | 2.6 | 2.8 | 3.0 | 3.2 | 2.7 | 2.7 | 3.8 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 21 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.40 | 0.40 | 0.40 | 2.25 | 1.00 | 0.229 | 0.306 |
- 2-for-1 split · 30 Mar 2007
- 10-for-1 split · 22 Sept 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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