2.82
-2.08%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.54bn
FY2016FY2025
Net income
THB 167.0m
FY2016FY2025
Free cash flow
THB 332.2m
FY2016FY2025
Shareholders' equity
THB 1.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.54bn | THB 1.27bn | THB 1.79bn | THB 781.2m | THB 1.44bn | THB 2.56bn | THB 3.03bn | THB 2.77bn | THB 1.82bn | THB 1.86bn |
| Gross profit | THB 327.6m | THB 96.5m | THB 323.3m | −THB 55.5m | THB 31.1m | THB 345.5m | THB 644.8m | THB 624.8m | THB 337.1m | THB 325.3m |
| Operating income | THB 210.2m | THB 4.0m | THB 224.2m | −THB 135.9m | −THB 57.9m | THB 221.2m | THB 517.6m | THB 461.5m | THB 210.4m | THB 188.5m |
| Net income | THB 167.0m | THB 1.4m | THB 169.4m | −THB 124.5m | −THB 59.5m | THB 154.4m | THB 409.5m | THB 368.2m | THB 210.9m | THB 156.1m |
| Diluted earnings per share | 0.21 | 0.00 | 0.23 | -0.17 | -0.08 | 0.21 | 0.55 | 0.50 | 0.29 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.52bn | THB 2.17bn | THB 2.57bn | THB 2.16bn | THB 2.71bn | THB 3.08bn | THB 3.17bn | THB 2.99bn | THB 2.47bn | THB 1.88bn |
| Cash and short-term investments | THB 376.2m | THB 176.9m | THB 322.1m | THB 113.4m | THB 231.6m | THB 110.5m | THB 195.7m | THB 399.2m | THB 360.8m | THB 40.9m |
| Total liabilities | THB 909.1m | THB 665.2m | THB 972.2m | THB 733.6m | THB 1.16bn | THB 1.47bn | THB 1.53bn | THB 1.59bn | THB 1.27bn | THB 815.9m |
| Debt | THB 257.3m | THB 159.7m | THB 302.2m | THB 347.7m | THB 601.5m | THB 632.1m | THB 732.6m | THB 523.5m | THB 490.1m | THB 322.3m |
| Shareholders' equity | THB 1.63bn | THB 1.51bn | THB 1.60bn | THB 1.43bn | THB 1.55bn | THB 1.61bn | THB 1.62bn | THB 1.40bn | THB 1.17bn | THB 1.06bn |
| Shares outstanding | 790m | 806m | 740m | 740m | 740m | 740m | 740m | 740m | 740m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 411.6m | THB 113.2m | THB 370.6m | THB 138.3m | THB 119.8m | THB 442.2m | THB 92.0m | THB 834.8m | THB 442.1m | THB 138.5m |
| Capital spending | −THB 79.3m | −THB 23.1m | −THB 70.0m | −THB 15.0m | −THB 20.2m | −THB 148.7m | −THB 354.2m | −THB 703.1m | −THB 229.1m | −THB 248.2m |
| Free cash flow | THB 332.2m | THB 90.1m | THB 300.6m | THB 123.3m | THB 99.5m | THB 293.5m | −THB 262.3m | THB 131.7m | THB 213.0m | −THB 109.7m |
| Dividends paid | −THB 23.7m | −THB 66.6m | — | — | −THB 22.2m | −THB 155.3m | −THB 178.2m | −THB 138.2m | −THB 91.7m | −THB 79.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 448.3m | THB 467.2m | THB 523.8m | THB 478.3m | THB 402.2m | THB 135.8m | THB 274.5m | THB 338.5m |
| Gross profit | THB 193.6m | THB 157.5m | THB 177.4m | THB 128.0m | THB 86.6m | −THB 49.9m | −THB 17.8m | THB 10.9m |
| Operating income | THB 120.3m | THB 128.7m | THB 132.9m | THB 109.3m | THB 60.2m | −THB 77.6m | −THB 36.2m | −THB 12.9m |
| Net income | THB 100.9m | THB 104.6m | THB 104.5m | THB 87.2m | THB 37.2m | −THB 61.9m | −THB 26.6m | −THB 11.1m |
| Diluted earnings per share | 0.13 | 0.13 | 0.13 | 0.11 | 0.05 | -0.08 | -0.03 | -0.01 |
| Cash from operations | — | THB 104.0m | THB 237.0m | THB 110.0m | −THB 13.0m | THB 88.0m | THB 88.0m | −THB 67.0m |
| Capital spending | −THB 9.0m | −THB 205.0m | −THB 14.0m | −THB 20.0m | −THB 35.0m | −THB 8.0m | −THB 4.0m | −THB 6.0m |
| Free cash flow | — | −THB 101.0m | THB 223.0m | THB 90.0m | −THB 48.0m | THB 80.0m | THB 84.0m | −THB 73.0m |
| Total assets | THB 2.68bn | THB 2.72bn | THB 2.52bn | THB 2.44bn | THB 2.41bn | THB 2.18bn | THB 2.17bn | THB 2.30bn |
| Cash and short-term investments | — | THB 395.8m | THB 376.2m | THB 155.5m | THB 156.3m | THB 256.8m | THB 176.9m | THB 152.9m |
| Debt | THB 107.0m | THB 225.8m | THB 93.3m | THB 103.2m | THB 194.2m | THB 178.7m | THB 144.0m | THB 187.8m |
| Shareholders' equity | THB 1.75bn | THB 1.74bn | THB 1.63bn | THB 1.52bn | THB 1.44bn | THB 1.42bn | THB 1.51bn | THB 1.56bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.3% | 7.6% | 18.1% | -7.1% | 2.2% | 13.5% |
| Operating margin | 13.7% | 0.3% | 12.8% | -17.3% | -3.4% | 8.6% |
| Net margin | 10.8% | 0.1% | 9.5% | -15.9% | -4.1% | 6.0% |
| Return on equity | 10.3% | 0.1% | 10.6% | -8.7% | -3.8% | 9.6% |
| Return on assets | 6.6% | 0.1% | 6.6% | -5.8% | -2.2% | 5.0% |
| Free cash flow yield | 23.0% | 6.3% | 22.1% | 7.7% | 7.0% | 29.6% |
| Revenue growth | 21.0% | -28.7% | 128.6% | -45.6% | -43.9% | -15.6% |
| Earnings growth | 12193.1% | -99.2% | -236.1% | 109.2% | -138.5% | -62.3% |
| Current ratio | 1.42x | 1.20x | 1.34x | 1.20x | 1.05x | 0.97x |
| Debt to equity | 0.06x | 0.10x | 0.18x | 0.21x | 0.32x | 0.28x |
| Equity ratio | 64.5% | 69.7% | 62.2% | 66.0% | 57.2% | 52.2% |
| Interest coverage | 13.41x | 0.33x | 14.51x | -9.23x | -2.38x | 9.20x |
| Buybacks as a share of market value | 1.9% | -8.9% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.4% | -9.7% | -1.8% |
| Operating income | — | -1.0% | 0.9% |
| Net income | — | 1.6% | 0.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.1% | 12.9% | 11.4% | 16.0% |
| Operating margin | 7.6% | 5.6% | 5.0% | 9.8% |
| Net margin | 6.0% | 4.0% | 3.3% | 7.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | — | 10.0 | -20.1 | -52.9 | 19.3 | 9.8 | 15.4 | 25.2 | 20.3 |
| Price to sales | 1.1 | 1.3 | 0.9 | 3.2 | 2.2 | 1.2 | 1.3 | 2.0 | 2.9 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 8 May 2025.
| FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.09 | 0.191 | 0.227 | 0.17 | 0.113 | 0.098 | 0.091 |
- 11-for-10 split · 3 May 2024
- 11-for-10 split · 7 May 2019
- 11-for-10 split · 9 May 2018
- 2-for-1 split · 27 Oct 2017
- 21-for-20 split · 24 Apr 2015
- 13-for-12 split · 2 May 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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