15.90
-0.62%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 10.25bn
FY2016FY2025
Net income
THB 688.1m
FY2016FY2025
Free cash flow
THB 216.4m
FY2016FY2025
Shareholders' equity
THB 5.97bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 10.25bn | THB 6.72bn | THB 4.12bn | THB 2.79bn | THB 3.00bn | THB 3.54bn | THB 3.96bn | THB 966.3m | THB 539.2m | THB 316.7m |
| Gross profit | THB 1.69bn | THB 1.33bn | THB 1.05bn | THB 444.8m | THB 603.4m | THB 574.6m | THB 451.3m | THB 178.3m | THB 76.6m | THB 54.9m |
| Operating income | THB 921.0m | THB 609.5m | THB 837.0m | THB 392.5m | THB 240.8m | THB 285.2m | THB 309.2m | THB 22.1m | THB 7.1m | THB 11.3m |
| Net income | THB 688.1m | THB 484.3m | THB 541.8m | THB 213.5m | THB 55.2m | THB 149.8m | THB 218.5m | THB 108.5m | THB 4.9m | THB 9.3m |
| Diluted earnings per share | 0.96 | 0.68 | 0.76 | 0.33 | 0.08 | 0.24 | 0.38 | 0.21 | 0.02 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 13.17bn | THB 12.15bn | THB 11.49bn | THB 9.10bn | THB 7.64bn | THB 9.37bn | THB 4.76bn | THB 3.19bn | THB 862.5m | THB 371.0m |
| Cash and short-term investments | THB 550.6m | THB 868.4m | THB 484.2m | THB 146.6m | THB 77.1m | THB 152.5m | THB 261.0m | THB 275.9m | THB 246.0m | THB 131.0m |
| Total liabilities | THB 6.82bn | THB 6.95bn | THB 6.77bn | THB 6.42bn | THB 5.10bn | THB 7.09bn | THB 3.28bn | THB 2.11bn | THB 222.5m | THB 176.9m |
| Debt | THB 4.32bn | THB 5.12bn | THB 5.42bn | THB 5.66bn | THB 4.47bn | THB 3.49bn | THB 2.32bn | THB 164.1m | THB 66.2m | THB 45.0m |
| Shareholders' equity | THB 5.97bn | THB 5.13bn | THB 4.68bn | THB 2.67bn | THB 2.50bn | THB 2.25bn | THB 1.47bn | THB 1.06bn | THB 637.1m | THB 194.1m |
| Shares outstanding | 717m | 715m | 715m | 638m | 717m | 630m | 569m | 507m | 292m | 265m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 322.0m | THB 1.22bn | THB 831.5m | −THB 1.31bn | −THB 460.2m | −THB 130.6m | −THB 1.64bn | THB 122.8m | −THB 205.5m | −THB 53.0m |
| Capital spending | −THB 105.5m | −THB 320.7m | −THB 672.2m | −THB 72.8m | −THB 1.01bn | −THB 878.6m | −THB 131.7m | −THB 25.5m | −THB 18.3m | −THB 1.9m |
| Free cash flow | THB 216.4m | THB 901.4m | THB 159.3m | −THB 1.38bn | −THB 1.47bn | −THB 1.01bn | −THB 1.77bn | THB 97.3m | −THB 223.8m | −THB 54.8m |
| Dividends paid | — | — | — | −THB 116 | — | −THB 1.0m | −THB 1.0m | −THB 1.0m | −THB 1.0m | −THB 9.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.65bn | THB 2.78bn | THB 2.42bn | THB 2.82bn | THB 2.63bn | THB 2.38bn | THB 2.01bn | THB 1.71bn |
| Gross profit | THB 639.7m | THB 537.9m | THB 399.4m | THB 450.9m | THB 438.8m | THB 396.3m | THB 379.2m | THB 310.9m |
| Operating income | THB 253.7m | THB 362.7m | THB 175.2m | THB 280.3m | THB 237.2m | THB 300.8m | THB 159.4m | THB 150.6m |
| Net income | THB 202.5m | THB 276.1m | THB 155.1m | THB 178.3m | THB 174.1m | THB 180.7m | THB 147.5m | THB 112.7m |
| Diluted earnings per share | 0.28 | 0.38 | 0.22 | 0.25 | 0.24 | 0.25 | 0.21 | 0.16 |
| Cash from operations | THB 22.0m | −THB 491.0m | THB 887.0m | THB 36.0m | −THB 104.0m | −THB 516.0m | THB 360.0m | THB 363.0m |
| Capital spending | −THB 24.0m | −THB 21.0m | −THB 28.0m | −THB 24.0m | −THB 27.0m | −THB 48.0m | −THB 83.0m | −THB 64.0m |
| Free cash flow | −THB 2.0m | −THB 512.0m | THB 859.0m | THB 12.0m | −THB 131.0m | −THB 564.0m | THB 277.0m | THB 299.0m |
| Total assets | THB 14.57bn | THB 14.22bn | THB 13.17bn | THB 13.97bn | THB 13.28bn | THB 12.67bn | THB 12.15bn | THB 11.21bn |
| Cash and short-term investments | — | THB 613.3m | THB 550.6m | THB 354.9m | THB 217.2m | THB 555.2m | THB 868.4m | THB 130.3m |
| Debt | THB 1.47bn | THB 5.02bn | THB 4.39bn | THB 4.91bn | THB 4.75bn | THB 4.85bn | THB 4.96bn | THB 4.51bn |
| Shareholders' equity | THB 6.26bn | THB 6.30bn | THB 5.97bn | THB 5.85bn | THB 5.66bn | THB 5.52bn | THB 5.13bn | THB 4.96bn |
Financial ratios
Data as of 6 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.4% | 19.8% | 25.6% | 15.9% | 20.1% | 16.2% |
| Operating margin | 11.7% | 13.0% | 23.0% | 14.0% | 8.0% | 8.1% |
| Net margin | 6.7% | 7.2% | 13.2% | 7.6% | 1.8% | 4.2% |
| Return on equity | 11.5% | 9.4% | 11.6% | 8.0% | 2.2% | 6.7% |
| Return on assets | 5.2% | 4.0% | 4.7% | 2.3% | 0.7% | 1.6% |
| Free cash flow yield | 3.5% | 12.7% | 12.4% | -11.4% | 4.5% | 7.0% |
| Revenue growth | 52.5% | 63.1% | 47.4% | -6.9% | -15.3% | -10.6% |
| Earnings growth | 42.1% | -10.6% | 153.8% | 286.7% | -63.1% | -31.5% |
| Current ratio | 1.23x | 1.17x | 1.32x | 1.11x | 1.08x | 0.55x |
| Debt to equity | 0.72x | 0.97x | 1.12x | 2.11x | 1.70x | 1.39x |
| Equity ratio | 45.3% | 42.3% | 40.8% | 29.3% | 32.8% | 24.0% |
| Interest coverage | 4.24x | 3.01x | 3.12x | 1.82x | 1.36x | 3.26x |
| Buybacks as a share of market value | -0.3% | 0.0% | -12.1% | 11.0% | -13.8% | -10.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 54.2% | 23.7% | 48.2% |
| Operating income | 32.9% | 26.4% | 50.7% |
| Net income | 47.7% | 35.7% | 50.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.8% | 18.9% | 18.7% | 17.9% |
| Operating margin | 9.0% | 11.6% | 10.8% | 10.0% |
| Net margin | 6.9% | 8.1% | 7.0% | 6.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.6 | 39.1 | 34.7 | 37.1 | 148.7 | 49.4 | 35.7 | 55.3 | — | 82.7 |
| Price to sales | 0.8 | 2.8 | 4.6 | 2.8 | 2.7 | 2.1 | 2.0 | 6.2 | 9.2 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Aug 2020.
| FY2020 | FY2016 | FY2015 | |
|---|---|---|---|
| Paid in the year | 0.002 | 0.039 | 0.039 |
- 31-for-30 split · 18 Aug 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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