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At a glance
Figures in THB, from our data supplier.
Revenue
THB 73.1m
FY2016FY2025
Net income
−THB 24.1m
FY2016FY2025
Free cash flow
−THB 12.8m
FY2016FY2025
Shareholders' equity
THB 247.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 73.1m | THB 106.3m | THB 119.7m | THB 96.6m | THB 88.7m | THB 98.0m | THB 87.5m | THB 108.6m | THB 119.4m | THB 166.2m |
| Gross profit | THB 13.6m | THB 26.2m | THB 22.2m | THB 24.2m | THB 15.0m | THB 23.6m | THB 3.6m | THB 6.3m | THB 3.5m | THB 13.7m |
| Operating income | −THB 24.4m | −THB 35.8m | −THB 10.7m | −THB 12.3m | −THB 9.2m | −THB 13.8m | −THB 36.6m | −THB 28.8m | −THB 32.2m | −THB 19.4m |
| Net income | −THB 24.1m | −THB 35.7m | −THB 13.6m | −THB 14.7m | −THB 30.5m | −THB 34.3m | −THB 36.4m | −THB 24.0m | −THB 32.0m | −THB 19.5m |
| Diluted earnings per share | -1.00 | -1.49 | -0.57 | -0.61 | -1.27 | -1.43 | -1.52 | -1.00 | -1.33 | -0.83 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 284.6m | THB 295.4m | THB 335.6m | THB 350.4m | THB 366.3m | THB 391.7m | THB 425.2m | THB 461.5m | THB 532.1m | THB 567.1m |
| Cash and short-term investments | THB 2.2m | THB 2.6m | THB 6.0m | THB 3.1m | THB 2.0m | THB 2.3m | THB 7.5m | THB 33.6m | THB 50.3m | THB 76.2m |
| Total liabilities | THB 36.8m | THB 22.7m | THB 27.3m | THB 28.6m | THB 33.1m | THB 28.1m | THB 27.3m | THB 27.7m | THB 75.3m | THB 72.5m |
| Debt | THB 12.8m | THB 228,538 | THB 247,236 | THB 1.1m | THB 3.9m | THB 266,147 | THB 45,130 | THB 66,239 | — | — |
| Shareholders' equity | THB 247.8m | THB 272.7m | THB 308.3m | THB 321.9m | THB 333.2m | THB 363.6m | THB 397.8m | THB 433.8m | THB 456.8m | THB 494.7m |
| Shares outstanding | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −THB 12.4m | −THB 2.9m | THB 6.0m | THB 5.7m | −THB 3.8m | −THB 4.6m | −THB 24.0m | −THB 12.1m | −THB 24.4m | THB 18.1m |
| Capital spending | −THB 422,465 | −THB 883,919 | −THB 2.1m | −THB 1.8m | −THB 394,390 | −THB 601,959 | −THB 2.2m | −THB 5.0m | −THB 1.8m | −THB 1.8m |
| Free cash flow | −THB 12.8m | −THB 3.7m | THB 3.9m | THB 3.9m | −THB 4.2m | −THB 5.2m | −THB 26.2m | −THB 17.1m | −THB 26.2m | THB 16.3m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 14.0m | THB 19.8m | THB 17.7m | THB 17.6m | THB 18.1m | THB 25.7m | THB 25.9m | THB 27.5m |
| Gross profit | THB 2.9m | THB 5.4m | THB 2.8m | THB 3.2m | THB 3.1m | THB 6.9m | THB 5.7m | THB 6.6m |
| Operating income | −THB 7.2m | −THB 2.4m | −THB 5.6m | −THB 8.0m | −THB 8.4m | −THB 3.5m | −THB 6.2m | −THB 2.8m |
| Net income | −THB 7.0m | −THB 2.3m | −THB 5.5m | −THB 8.0m | −THB 8.2m | −THB 25.0m | −THB 6.1m | −THB 2.7m |
| Diluted earnings per share | -0.29 | -0.10 | -0.23 | -0.33 | -0.34 | -1.04 | -0.25 | -0.11 |
| Cash from operations | — | −THB 5.0m | −THB 7.0m | — | — | −THB 6.0m | THB 3.0m | THB 3.0m |
| Total assets | THB 278.3m | THB 284.6m | THB 280.7m | THB 278.7m | THB 287.7m | THB 295.4m | THB 324.6m | THB 328.5m |
| Cash and short-term investments | THB 2.7m | THB 2.2m | THB 2.4m | THB 2.4m | THB 2.8m | THB 2.6m | THB 9.0m | THB 5.4m |
| Debt | THB 13.6m | THB 12.8m | THB 7.5m | THB 354,648 | THB 1.0m | THB 228,538 | THB 1.3m | THB 644,698 |
| Shareholders' equity | THB 240.8m | THB 247.8m | THB 250.9m | THB 256.5m | THB 264.5m | THB 272.7m | THB 297.6m | THB 303.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | -5.7% | -10.0% |
| Operating income | 25.6% | 12.1% | 34.3% |
| Net income | 18.0% | -6.8% | 22.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.2% | 21.8% | 21.4% | 13.6% |
| Operating margin | -33.5% | -21.0% | -18.2% | -17.6% |
| Net margin | -33.3% | -22.3% | -26.2% | -21.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.0 | -7.7 | -24.8 | -21.9 | -7.6 | -7.6 | -6.3 | -11.1 | -10.8 | -19.5 |
| Price to sales | 2.6 | 2.6 | 2.8 | 3.3 | 2.6 | 2.6 | 2.6 | 2.5 | 2.9 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Apr 2013.
| FY2013 | FY2012 | FY2010 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.50 | 0.50 | 1.00 | 1.00 | 1.30 | 0.70 | 0.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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