2.74
-1.44%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.62bn
FY2016FY2025
Net income
THB 188.7m
FY2016FY2025
Free cash flow
THB 76.8m
FY2016FY2025
Shareholders' equity
THB 1.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.62bn | THB 1.63bn | THB 1.45bn | THB 711.3m | THB 167.6m | THB 426.9m | THB 1.38bn | THB 1.13bn | THB 947.6m | THB 725.2m |
| Gross profit | THB 426.2m | THB 528.1m | THB 434.9m | THB 80.5m | −THB 150.9m | −THB 79.7m | THB 441.1m | THB 384.1m | THB 328.1m | THB 240.5m |
| Operating income | THB 242.7m | THB 401.0m | THB 324.5m | −THB 38.3m | −THB 253.3m | −THB 293.8m | THB 298.0m | THB 249.9m | THB 212.5m | THB 165.4m |
| Net income | THB 188.7m | THB 309.1m | THB 332.1m | −THB 88.0m | −THB 286.7m | −THB 209.1m | THB 245.5m | THB 205.6m | THB 175.2m | THB 141.0m |
| Diluted earnings per share | 0.15 | 0.24 | 0.26 | -0.07 | -0.22 | -0.16 | 0.19 | 0.16 | 0.14 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.61bn | THB 2.14bn | THB 1.97bn | THB 2.42bn | THB 2.26bn | THB 2.63bn | THB 1.52bn | THB 1.37bn | THB 1.18bn | THB 865.0m |
| Cash and short-term investments | THB 155.5m | THB 157.5m | THB 252.3m | THB 184.9m | THB 109.9m | THB 114.5m | THB 125.7m | THB 111.5m | THB 142.7m | THB 50.9m |
| Total liabilities | THB 1.32bn | THB 938.0m | THB 1.07bn | THB 1.85bn | THB 1.64bn | THB 1.73bn | THB 384.2m | THB 398.8m | THB 420.7m | THB 226.2m |
| Debt | THB 430.1m | THB 707.5m | THB 857.4m | THB 1.66bn | THB 1.52bn | THB 1.59bn | THB 165.4m | THB 216.3m | THB 262.5m | THB 100.7m |
| Shareholders' equity | THB 1.28bn | THB 1.20bn | THB 901.1m | THB 569.0m | THB 618.5m | THB 905.2m | THB 1.13bn | THB 970.4m | THB 754.8m | THB 638.9m |
| Shares outstanding | 1,282m | 1,282m | 1,283m | 1,283m | 1,289m | 1,283m | 1,283m | 1,283m | 1,283m | 1,283m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 503.4m | THB 575.9m | THB 548.7m | THB 186.7m | −THB 80.9m | THB 32.7m | THB 325.4m | THB 318.3m | THB 206.3m | THB 205.9m |
| Capital spending | −THB 426.7m | −THB 323.3m | −THB 59.8m | −THB 116.2m | −THB 14.0m | −THB 142.9m | −THB 161.8m | −THB 221.2m | −THB 264.7m | −THB 277.5m |
| Free cash flow | THB 76.8m | THB 252.6m | THB 488.9m | THB 70.5m | −THB 94.9m | −THB 110.2m | THB 163.6m | THB 97.1m | −THB 58.4m | −THB 71.6m |
| Dividends paid | −THB 128.2m | −THB 11.9m | −THB 580 | — | — | −THB 17.1m | −THB 85.5m | −THB 39.9m | −THB 57.0m | −THB 57.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 430.8m | THB 482.7m | THB 472.6m | THB 407.4m | THB 362.1m | THB 380.7m | THB 428.6m | THB 424.5m |
| Gross profit | THB 97.0m | THB 131.7m | THB 123.7m | THB 107.2m | THB 89.7m | THB 109.9m | THB 143.0m | THB 139.0m |
| Operating income | THB 48.3m | THB 75.2m | THB 74.0m | THB 59.4m | THB 51.9m | THB 70.6m | THB 107.3m | THB 109.2m |
| Net income | THB 39.2m | THB 55.8m | THB 55.7m | THB 46.1m | THB 35.8m | THB 51.1m | THB 91.8m | THB 81.7m |
| Diluted earnings per share | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.07 | 0.06 |
| Cash from operations | THB 96.0m | THB 156.0m | THB 148.0m | THB 143.0m | THB 99.0m | THB 134.0m | THB 158.0m | THB 164.0m |
| Capital spending | −THB 43.0m | −THB 37.0m | −THB 58.0m | −THB 197.0m | −THB 101.0m | −THB 69.0m | −THB 201.0m | −THB 66.0m |
| Free cash flow | THB 53.0m | THB 119.0m | THB 90.0m | −THB 54.0m | −THB 2.0m | THB 65.0m | −THB 43.0m | THB 98.0m |
| Total assets | THB 2.64bn | THB 2.71bn | THB 2.61bn | THB 2.46bn | THB 2.13bn | THB 2.16bn | THB 2.14bn | THB 2.07bn |
| Cash and short-term investments | THB 194.1m | THB 221.1m | THB 155.5m | THB 101.3m | THB 122.6m | THB 182.5m | THB 157.5m | THB 259.8m |
| Debt | THB 184.4m | THB 433.3m | THB 564.0m | THB 439.7m | THB 351.2m | THB 400.3m | THB 408.2m | THB 275.6m |
| Shareholders' equity | THB 1.25bn | THB 1.34bn | THB 1.28bn | THB 1.20bn | THB 1.16bn | THB 1.25bn | THB 1.20bn | THB 1.11bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.3% | 32.4% | 30.1% | 11.3% | -90.0% | -18.7% |
| Operating margin | 15.0% | 24.6% | 22.4% | -5.1% | -149.9% | -68.8% |
| Net margin | 11.6% | 19.0% | 23.0% | -12.4% | -171.1% | -49.0% |
| Return on equity | 14.7% | 25.8% | 36.9% | -15.5% | -46.4% | -23.1% |
| Return on assets | 7.2% | 14.5% | 16.8% | -3.6% | -12.7% | -7.9% |
| Free cash flow yield | 23.7% | 22.9% | 15.5% | 7.7% | -1.7% | 4.5% |
| Revenue growth | -0.4% | 12.7% | 103.3% | 324.4% | -60.7% | -69.1% |
| Earnings growth | -39.0% | -6.9% | -477.3% | -69.3% | 37.1% | -185.2% |
| Current ratio | 0.67x | 0.82x | 0.97x | 0.53x | 0.54x | 0.64x |
| Debt to equity | 0.34x | 0.34x | 0.51x | 1.39x | 1.13x | 0.62x |
| Equity ratio | 49.2% | 56.1% | 45.7% | 23.5% | 27.4% | 34.4% |
| Interest coverage | 7.14x | 12.66x | 7.03x | -0.73x | -5.69x | -13.67x |
| Buybacks as a share of market value | -0.0% | 0.0% | 0.0% | 0.5% | -0.5% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.6% | 30.6% | 11.8% |
| Operating income | — | — | 6.2% |
| Net income | — | — | 5.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.3% | 27.2% | 20.6% | 26.4% |
| Operating margin | 19.8% | 17.2% | 6.4% | 13.4% |
| Net margin | 15.3% | 13.7% | 4.1% | 10.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.9 | 28.0 | 29.9 | -114.6 | -20.2 | -28.4 | 33.7 | 31.1 | 66.4 | 55.4 |
| Price to sales | 2.4 | 5.3 | 6.9 | 14.2 | 34.6 | 13.9 | 6.0 | 5.6 | 12.3 | 10.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 23 Apr 2025.
| FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.014 | 0.013 | 0.067 | 0.031 | 0.044 | 0.044 | 0.033 |
- 3-for-2 split · 26 Apr 2024
- 3-for-2 split · 12 May 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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