38.50
+0.65%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 2.66trn
FY2016FY2025
Net income
THB 90.17bn
FY2016FY2025
Free cash flow
THB 123.85bn
FY2016FY2025
Shareholders' equity
THB 1.13trn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.66trn | THB 3.09trn | THB 3.14trn | THB 3.37trn | THB 2.26trn | THB 1.62trn | THB 2.22trn | THB 2.34trn | THB 2.00trn | THB 1.72trn |
| Gross profit | THB 272.94bn | THB 335.13bn | THB 377.45bn | THB 460.48bn | THB 376.57bn | THB 169.02bn | THB 252.21bn | THB 313.15bn | THB 307.26bn | THB 255.80bn |
| Operating income | THB 146.77bn | THB 234.17bn | THB 278.96bn | THB 243.80bn | THB 238.81bn | THB 89.48bn | THB 177.04bn | THB 238.17bn | THB 234.70trn | THB 180.04bn |
| Net income | THB 90.17bn | THB 90.07bn | THB 112.02bn | THB 122.10bn | THB 108.36bn | THB 37.77bn | THB 92.95bn | THB 119.68bn | THB 135.18bn | THB 94.61bn |
| Diluted earnings per share | 3.18 | 3.15 | 3.92 | 4.27 | 3.79 | 1.32 | 3.25 | 4.19 | 4.73 | 3.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 3.27trn | THB 3.44trn | THB 3.46trn | THB 3.42trn | THB 3.08trn | THB 2.54trn | THB 2.48trn | THB 2.36trn | THB 2.23trn | THB 2.23trn |
| Cash and short-term investments | THB 402.82bn | THB 451.86bn | THB 449.53bn | THB 354.58bn | THB 363.67bn | THB 418.14bn | THB 330.23bn | THB 433.52bn | THB 395.55bn | THB 392.02bn |
| Total liabilities | THB 1.62trn | THB 1.78trn | THB 1.84trn | THB 1.88trn | THB 1.61trn | THB 1.26trn | THB 1.18trn | THB 1.04trn | THB 983.76bn | THB 1.06trn |
| Debt | THB 905.09bn | THB 1.11trn | THB 1.16trn | THB 1.19trn | THB 949.83bn | THB 795.50bn | THB 658.97bn | THB 543.63bn | THB 529.48bn | THB 613.85bn |
| Shareholders' equity | THB 1.13trn | THB 1.15trn | THB 1.12trn | THB 1.05trn | THB 1.01trn | THB 882.04bn | THB 878.60bn | THB 875.08bn | THB 818.67bn | THB 762.95bn |
| Shares outstanding | 28,324m | 28,638m | 28,563m | 28,563m | 28,563m | 28,563m | 28,563m | 28,563m | 28,563m | 28,563m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 283.60bn | THB 373.24bn | THB 382.05bn | THB 191.70bn | THB 322.42bn | THB 218.59bn | THB 265.11bn | THB 267.80bn | THB 306.10bn | THB 270.44bn |
| Capital spending | −THB 159.75bn | −THB 170.33bn | −THB 177.56bn | −THB 173.25bn | −THB 142.62bn | −THB 150.34bn | −THB 150.90bn | −THB 111.61bn | −THB 114.27bn | −THB 109.40bn |
| Free cash flow | THB 123.85bn | THB 202.91bn | THB 204.49bn | THB 18.45bn | THB 179.80bn | THB 68.25bn | THB 114.21bn | THB 156.19bn | THB 191.83bn | THB 161.03bn |
| Dividends paid | −THB 83.29bn | −THB 82.23bn | −THB 62.37bn | −THB 85.92bn | −THB 78.47bn | −THB 51.62bn | −THB 81.35bn | −THB 85.04bn | −THB 73.83bn | −THB 44.59bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 830.39bn | THB 718.73bn | THB 638.48bn | THB 646.69bn | THB 676.75bn | THB 700.22bn | THB 724.37bn | THB 761.86bn |
| Gross profit | THB 132.90bn | THB 172.43bn | THB 64.36bn | THB 71.08bn | THB 60.08bn | THB 77.41bn | THB 81.06bn | THB 52.05bn |
| Operating income | THB 98.81bn | THB 70.81bn | THB 27.00bn | THB 50.37bn | THB 46.75bn | THB 58.55bn | THB 37.12bn | THB 44.69bn |
| Net income | THB 52.52bn | THB 25.74bn | THB 25.53bn | THB 19.78bn | THB 21.53bn | THB 23.32bn | THB 9.31bn | THB 16.32bn |
| Diluted earnings per share | 1.85 | 0.91 | 0.90 | 0.70 | 0.76 | 0.82 | 0.33 | 0.57 |
| Cash from operations | THB 40.25bn | THB 54.12bn | THB 87.09bn | THB 76.37bn | THB 62.63bn | THB 68.66bn | THB 119.03bn | THB 82.01bn |
| Capital spending | −THB 43.17bn | −THB 50.13bn | −THB 43.69bn | −THB 43.04bn | −THB 42.23bn | −THB 38.23bn | −THB 46.46bn | −THB 42.76bn |
| Free cash flow | −THB 2.92bn | THB 3.99bn | THB 43.41bn | THB 33.33bn | THB 20.40bn | THB 30.43bn | THB 72.57bn | THB 39.25bn |
| Total assets | THB 3.52trn | THB 3.58trn | THB 3.27trn | THB 3.32trn | THB 3.31trn | THB 3.45trn | THB 3.44trn | THB 3.31trn |
| Cash and short-term investments | THB 425.68bn | THB 485.72bn | THB 402.82bn | THB 419.20bn | THB 418.28bn | THB 470.28bn | THB 451.86bn | THB 394.22bn |
| Debt | THB 355.86bn | THB 973.06bn | THB 925.61bn | THB 929.56bn | THB 962.58bn | THB 1.00trn | THB 1.02trn | THB 1.01trn |
| Shareholders' equity | THB 1.19trn | THB 1.17trn | THB 1.13trn | THB 1.12trn | THB 1.13trn | THB 1.17trn | THB 1.15trn | THB 1.12trn |
Financial ratios
Data as of 30 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2011 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 10.3% | 10.8% | 12.0% | 13.7% | 16.7% | 10.5% | — | — | — |
| Operating margin | 5.5% | 7.6% | 8.9% | 7.2% | 10.6% | 5.5% | — | — | — |
| Net margin | 3.4% | 2.9% | 3.6% | 3.6% | 4.8% | 2.3% | — | — | — |
| Return on equity | 8.0% | 7.8% | 10.0% | 11.6% | 10.8% | 4.3% | — | — | — |
| Return on assets | 2.8% | 2.6% | 3.2% | 3.6% | 3.5% | 1.5% | — | — | — |
| Free cash flow yield | 38.4% | 46.6% | 48.1% | 31.4% | 40.0% | 31.7% | — | — | — |
| Revenue growth | -13.9% | -1.7% | -6.6% | 49.1% | 39.8% | -27.2% | — | — | — |
| Earnings growth | 0.1% | -19.6% | -8.3% | 12.7% | 186.9% | -59.4% | — | — | — |
| Current ratio | 1.60x | 1.81x | 1.84x | 1.76x | 1.73x | 2.42x | — | — | — |
| Debt to equity | 0.80x | 0.89x | 0.96x | 1.05x | 0.89x | 0.85x | — | — | — |
| Equity ratio | 34.5% | 33.4% | 32.4% | 30.8% | 32.7% | 34.7% | — | — | — |
| Interest coverage | 3.63x | 5.00x | 6.15x | 6.57x | 8.48x | 3.14x | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | 1.1% | -0.3% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.5% | 10.5% | 2.8% |
| Operating income | -15.6% | 10.4% | 6.3% |
| Net income | -9.6% | 19.0% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.6% | 11.8% | 12.3% | 12.6% |
| Operating margin | 6.6% | 7.4% | 7.6% | 895.0% |
| Net margin | 3.1% | 3.4% | 3.5% | 3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.1 | 10.1 | 9.1 | 7.8 | 10.0 | 32.1 | 13.5 | 11.0 | 9.3 | 11.2 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 7 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.80 | 2.20 | 2.00 | 1.50 | 2.10 | 2.02 | 1.28 | 2.10 |
- 10-for-1 split · 24 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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