8.10
-2.41%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 73.72bn
FY2016FY2025
Net income
THB 8.5m
FY2016FY2025
Free cash flow
THB 4.70bn
FY2016FY2025
Shareholders' equity
THB 15.34bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 73.72bn | THB 84.15bn | THB 90.60bn | THB 102.12bn | THB 78.60bn | THB 55.12bn | THB 67.08bn | THB 68.52bn | THB 59.15bn | THB 48.16bn |
| Gross profit | THB 2.26bn | THB 3.87bn | THB 3.47bn | THB 2.50bn | THB 5.82bn | THB 3.76bn | THB 3.25bn | THB 2.26bn | THB 4.95bn | THB 2.89bn |
| Operating income | THB 648.2m | THB 2.24bn | THB 1.80bn | THB 1.47bn | THB 4.81bn | THB 2.82bn | THB 2.30bn | THB 755.2m | THB 3.52bn | THB 1.46bn |
| Net income | THB 8.5m | THB 1.32bn | THB 1.02bn | THB 1.07bn | THB 3.81bn | THB 2.06bn | THB 1.36bn | THB 871.2m | THB 2.81bn | THB 1.12bn |
| Diluted earnings per share | 0.00 | 0.72 | 0.55 | 0.58 | 2.08 | 1.12 | 0.74 | 0.47 | 1.53 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 50.59bn | THB 56.89bn | THB 52.84bn | THB 47.07bn | THB 50.89bn | THB 41.39bn | THB 41.44bn | THB 35.80bn | THB 31.46bn | THB 28.56bn |
| Cash and short-term investments | THB 3.58bn | THB 3.84bn | THB 5.47bn | THB 3.55bn | THB 2.71bn | THB 3.07bn | THB 2.60bn | THB 2.98bn | THB 2.69bn | THB 1.99bn |
| Total liabilities | THB 34.84bn | THB 39.77bn | THB 36.93bn | THB 31.19bn | THB 34.10bn | THB 28.52bn | THB 29.55bn | THB 25.68bn | THB 20.15bn | THB 18.76bn |
| Debt | THB 22.07bn | THB 27.79bn | THB 23.81bn | THB 18.09bn | THB 19.10bn | THB 17.44bn | THB 15.95bn | THB 16.29bn | THB 10.53bn | THB 9.40bn |
| Shareholders' equity | THB 15.34bn | THB 16.76bn | THB 15.58bn | THB 15.52bn | THB 16.41bn | THB 12.47bn | THB 11.08bn | THB 9.99bn | THB 11.14bn | THB 9.68bn |
| Shares outstanding | 1,838m | 1,838m | 1,838m | 1,838m | 1,832m | 1,836m | 1,838m | 1,838m | 1,838m | 1,838m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 8.18bn | THB 478.7m | −THB 1.42bn | THB 3.96bn | THB 1.14bn | THB 2.86bn | THB 3.98bn | −THB 1.13bn | THB 2.73bn | THB 3.97bn |
| Capital spending | −THB 3.47bn | −THB 5.70bn | −THB 1.87bn | −THB 1.47bn | −THB 2.05bn | −THB 2.02bn | −THB 2.22bn | −THB 2.37bn | −THB 1.69bn | −THB 2.41bn |
| Free cash flow | THB 4.70bn | −THB 5.22bn | −THB 3.29bn | THB 2.49bn | −THB 911.3m | THB 847.3m | THB 1.76bn | −THB 3.50bn | THB 1.05bn | THB 1.56bn |
| Dividends paid | −THB 553.6m | −THB 555.5m | −THB 587.9m | −THB 1.89bn | −THB 1.21bn | −THB 646.1m | −THB 551.4m | −THB 1.38bn | −THB 790.7m | −THB 447.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 22.54bn | THB 23.10bn | THB 18.53bn | THB 18.96bn | THB 16.62bn | THB 19.61bn | THB 20.20bn | THB 19.77bn |
| Gross profit | THB 3.33bn | THB 2.51bn | THB 1.08bn | THB 361.6m | THB 52.2m | THB 758.0m | THB 972.6m | THB 1.07bn |
| Operating income | THB 2.86bn | THB 1.99bn | THB 676.0m | −THB 38.2m | −THB 279.1m | THB 385.4m | THB 535.6m | THB 677.2m |
| Net income | THB 2.59bn | THB 1.53bn | THB 667.1m | −THB 223.8m | −THB 559.8m | THB 125.1m | THB 273.0m | THB 420.5m |
| Diluted earnings per share | 1.41 | 0.83 | 0.36 | -0.12 | -0.30 | 0.07 | 0.15 | 0.23 |
| Cash from operations | −THB 400.0m | THB 1.12bn | THB 1.26bn | THB 1.93bn | THB 848.0m | THB 4.10bn | −THB 2.69bn | −THB 111.0m |
| Capital spending | −THB 263.0m | −THB 593.0m | −THB 113.0m | −THB 210.0m | −THB 2.39bn | −THB 757.0m | −THB 3.02bn | −THB 2.16bn |
| Free cash flow | −THB 663.0m | THB 527.0m | THB 1.14bn | THB 1.72bn | −THB 1.54bn | THB 3.35bn | −THB 5.71bn | −THB 2.27bn |
| Total assets | THB 58.89bn | THB 56.69bn | THB 50.59bn | THB 52.68bn | THB 55.60bn | THB 53.50bn | THB 56.89bn | THB 53.45bn |
| Cash and short-term investments | THB 3.32bn | THB 4.19bn | THB 3.58bn | THB 3.53bn | THB 3.09bn | THB 4.37bn | THB 3.84bn | THB 4.53bn |
| Debt | THB 12.85bn | THB 22.46bn | THB 22.13bn | THB 23.44bn | THB 24.62bn | THB 24.29bn | THB 27.15bn | THB 21.83bn |
| Shareholders' equity | THB 20.46bn | THB 17.66bn | THB 15.34bn | THB 14.97bn | THB 15.39bn | THB 16.79bn | THB 16.76bn | THB 16.06bn |
Financial ratios
Data as of 1 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.1% | 4.6% | 3.8% | 2.4% | 7.4% | 6.8% |
| Operating margin | 0.9% | 2.7% | 2.0% | 1.4% | 6.1% | 5.1% |
| Net margin | 0.0% | 1.6% | 1.1% | 1.0% | 4.8% | 3.7% |
| Return on equity | 0.1% | 7.9% | 6.5% | 6.9% | 23.2% | 16.5% |
| Return on assets | 0.0% | 2.3% | 1.9% | 2.3% | 7.5% | 5.0% |
| Free cash flow yield | 71.6% | 38.0% | 2.8% | 33.4% | 19.6% | 30.0% |
| Revenue growth | -12.4% | -7.1% | -11.3% | 29.9% | 42.6% | -17.8% |
| Earnings growth | -99.4% | 29.6% | -4.9% | -71.9% | 84.7% | 51.6% |
| Current ratio | 0.93x | 1.54x | 1.31x | 1.14x | 1.17x | 1.39x |
| Debt to equity | 1.44x | 1.62x | 1.49x | 1.13x | 1.13x | 1.36x |
| Equity ratio | 30.3% | 29.5% | 29.5% | 33.0% | 32.2% | 30.1% |
| Interest coverage | 0.52x | 2.00x | 1.62x | 2.05x | 7.30x | 4.51x |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | -0.3% | 0.2% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.3% | 6.0% | 2.4% |
| Operating income | -23.9% | -25.5% | -8.2% |
| Net income | -80.0% | -66.6% | -38.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.9% | 3.5% | 4.5% | 4.8% |
| Operating margin | 1.8% | 1.8% | 2.8% | 3.0% |
| Net margin | 0.8% | 1.0% | 1.9% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 9.8 | 14.4 | 17.1 | 5.9 | 8.9 | 13.1 | 17.9 | 7.9 | 10.0 |
| Price to sales | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 24 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.30 | 0.30 | 0.30 | 1.00 | 0.60 | 0.35 | 0.30 |
- 2-for-1 split · 17 May 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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