4.68
+0.43%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 71.3m
FY2016FY2025
Net income
−THB 9.7m
FY2016FY2025
Free cash flow
−THB 68.9m
FY2016FY2025
Shareholders' equity
THB 484.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 71.3m | THB 71.1m | THB 117.2m | THB 73.8m | THB 71.8m | THB 72.0m | THB 71.8m | THB 71.5m | THB 71.9m | THB 72.5m |
| Gross profit | THB 51.8m | THB 51.3m | THB 95.2m | THB 54.1m | THB 52.9m | THB 52.4m | THB 52.8m | THB 50.9m | THB 51.2m | THB 52.9m |
| Operating income | −THB 6.1m | THB 22.5m | THB 74.0m | THB 79.1m | THB 33.9m | THB 34.5m | THB 25.9m | THB 23.8m | THB 28.8m | THB 41.1m |
| Net income | −THB 9.7m | THB 14.5m | THB 61.6m | THB 72.3m | THB 27.7m | THB 24.3m | THB 16.5m | THB 15.4m | THB 19.2m | THB 30.8m |
| Diluted earnings per share | -0.03 | 0.05 | 0.21 | 0.24 | 0.09 | 0.08 | 0.06 | 0.05 | 0.09 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 565.1m | THB 503.0m | THB 505.3m | THB 511.9m | THB 429.1m | THB 409.7m | THB 400.7m | THB 445.1m | THB 302.5m | THB 311.7m |
| Cash and short-term investments | THB 80.7m | THB 82.8m | THB 140.0m | THB 179.7m | THB 150.2m | THB 122.7m | THB 133.0m | THB 164.0m | THB 27.7m | THB 20.1m |
| Total liabilities | THB 81.0m | THB 83.7m | THB 92.9m | THB 143.3m | THB 123.3m | THB 116.8m | THB 110.7m | THB 148.1m | THB 140.3m | THB 165.6m |
| Debt | THB 44.7m | THB 54.2m | THB 64.0m | THB 73.0m | THB 87.5m | THB 109.5m | THB 99.9m | THB 131.4m | THB 132.7m | THB 155.9m |
| Shareholders' equity | THB 484.5m | THB 419.3m | THB 412.4m | THB 368.6m | THB 305.8m | THB 293.3m | THB 290.4m | THB 297.3m | THB 162.2m | THB 146.1m |
| Shares outstanding | 314m | 300m | 300m | 300m | 302m | 300m | 300m | 300m | 220m | 317m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 17.2m | THB 25.9m | −THB 334,935 | THB 29.5m | THB 66.1m | THB 37.4m | THB 30.3m | THB 12.6m | THB 34.4m | THB 33.9m |
| Capital spending | −THB 86.2m | −THB 6.7m | −THB 6.0m | −THB 743,627 | −THB 53,445 | −THB 2.6m | −THB 280,486 | −THB 1.6m | −THB 4.5m | −THB 1.3m |
| Free cash flow | −THB 68.9m | THB 19.3m | −THB 6.3m | THB 28.8m | THB 66.0m | THB 34.8m | THB 30.0m | THB 11.0m | THB 29.9m | THB 32.6m |
| Dividends paid | −THB 15.8m | −THB 9.0m | −THB 18.0m | −THB 10.8m | −THB 15.0m | −THB 22.5m | −THB 22.5m | −THB 17.6m | −THB 3.9m | −THB 6.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 18.0m | THB 18.6m | THB 17.2m | THB 18.0m | THB 17.7m | THB 18.4m | THB 17.2m | THB 17.6m |
| Gross profit | THB 13.3m | THB 13.8m | THB 12.1m | THB 13.3m | THB 13.0m | THB 13.5m | THB 12.0m | THB 12.7m |
| Operating income | THB 5.1m | THB 5.8m | THB 3.0m | THB 3.7m | −THB 22.8m | THB 9.8m | THB 4.1m | THB 3.9m |
| Net income | −THB 60.8m | THB 9.3m | THB 1.4m | THB 1.8m | −THB 20.6m | THB 7.6m | THB 3.9m | THB 1.6m |
| Diluted earnings per share | -0.19 | 0.03 | 0.00 | 0.01 | -0.07 | 0.02 | 0.01 | 0.01 |
| Cash from operations | THB 3.0m | THB 7.0m | THB 82.0m | −THB 79.0m | THB 4.0m | −THB 70.0m | THB 58.0m | −THB 46.0m |
| Capital spending | — | — | −THB 74.0m | −THB 9.0m | −THB 10.0m | — | −THB 2.0m | −THB 1.0m |
| Free cash flow | — | — | THB 8.0m | −THB 88.0m | −THB 6.0m | — | THB 56.0m | −THB 47.0m |
| Total assets | THB 504.7m | THB 568.6m | THB 565.1m | THB 582.4m | THB 582.8m | THB 606.4m | THB 503.0m | THB 499.7m |
| Cash and short-term investments | THB 77.7m | THB 79.2m | THB 80.7m | THB 96.2m | THB 173.2m | THB 105.0m | THB 82.8m | THB 79.4m |
| Debt | THB 26.0m | THB 27.8m | THB 30.3m | THB 32.0m | THB 33.7m | THB 35.4m | THB 37.7m | THB 39.7m |
| Shareholders' equity | THB 433.8m | THB 493.5m | THB 484.5m | THB 504.6m | THB 500.6m | THB 525.1m | THB 419.3m | THB 415.3m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 72.7% | 72.2% | 81.3% | 73.4% | 73.7% | 72.8% |
| Operating margin | -8.6% | 32.5% | 60.7% | 107.2% | 50.5% | 48.0% |
| Net margin | -13.5% | 20.3% | 52.5% | 98.0% | 38.6% | 33.7% |
| Return on equity | -2.0% | 3.4% | 14.9% | 19.6% | 9.1% | 8.3% |
| Return on assets | -1.7% | 2.9% | 12.2% | 14.1% | 6.5% | 5.9% |
| Free cash flow yield | 7.0% | 2.3% | 0.4% | 2.2% | 4.7% | 2.8% |
| Revenue growth | 0.3% | -39.4% | 58.9% | 2.7% | -0.2% | 0.2% |
| Earnings growth | -166.8% | -76.5% | -14.8% | 160.9% | 14.1% | 46.7% |
| Current ratio | 2.97x | 3.80x | 5.22x | 2.55x | 3.38x | 5.37x |
| Debt to equity | 0.06x | 0.09x | 0.11x | 0.14x | 0.22x | 0.29x |
| Equity ratio | 85.7% | 83.4% | 81.6% | 72.0% | 71.3% | 71.6% |
| Interest coverage | -2.95x | 8.67x | 25.62x | 31.79x | 11.49x | 9.45x |
| Buybacks as a share of market value | -4.8% | -0.0% | -0.0% | 0.8% | -0.8% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.1% | -0.2% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 72.4% | 75.7% | 75.0% | 73.7% |
| Operating margin | 11.5% | 50.8% | 49.8% | 45.7% |
| Net margin | 3.4% | 41.6% | 40.0% | 34.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -172.6 | 120.4 | 37.8 | 28.8 | 96.1 | 13.3 | 18.5 |
| Price to sales | 23.4 | 24.5 | 19.8 | 28.3 | 37.1 | 4.5 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 27 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.03 | 0.06 | 0.036 | 0.05 | 0.075 | 0.075 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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