34.75
-0.71%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.96bn
FY2016FY2025
Net income
THB 2.28bn
FY2016FY2025
Free cash flow
−THB 1.12bn
FY2016FY2025
Shareholders' equity
THB 49.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.96bn | THB 3.69bn | THB 3.51bn | THB 4.12bn | THB 2.95bn | THB 2.87bn | THB 2.55bn | THB 2.63bn | THB 2.73bn | THB 4.16bn |
| Gross profit | THB 1.20bn | THB 1.17bn | THB 899.5m | THB 870.8m | THB 715.3m | THB 716.6m | −THB 7.1m | THB 38.5m | THB 263.1m | THB 1.88bn |
| Operating income | THB 104.9m | THB 439.6m | THB 317.9m | THB 295.8m | THB 184.3m | THB 461.2m | −THB 383.5m | −THB 371.5m | −THB 264.1m | THB 1.39bn |
| Net income | THB 2.28bn | THB 3.37bn | THB 3.09bn | THB 3.36bn | THB 3.59bn | THB 2.31bn | THB 2.27bn | THB 2.60bn | THB 3.50bn | THB 1.68bn |
| Diluted earnings per share | 2.66 | 3.93 | 3.61 | 3.92 | 4.17 | 2.68 | 2.64 | 3.24 | 4.37 | 2.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 71.97bn | THB 70.20bn | THB 65.25bn | THB 61.72bn | THB 55.43bn | THB 54.72bn | THB 41.58bn | THB 38.80bn | THB 34.91bn | THB 25.02bn |
| Cash and short-term investments | THB 1.92bn | THB 1.47bn | THB 1.21bn | THB 1.28bn | THB 249.3m | THB 5.16bn | THB 1.78bn | THB 891.5m | THB 159.8m | THB 104.1m |
| Total liabilities | THB 22.54bn | THB 21.31bn | THB 18.79bn | THB 17.27bn | THB 13.18bn | THB 15.63bn | THB 11.04bn | THB 9.81bn | THB 9.88bn | THB 2.64bn |
| Debt | THB 20.01bn | THB 18.58bn | THB 17.11bn | THB 15.34bn | THB 11.72bn | THB 14.10bn | THB 10.18bn | THB 9.02bn | THB 9.11bn | THB 1.76bn |
| Shareholders' equity | THB 49.44bn | THB 48.90bn | THB 46.47bn | THB 44.45bn | THB 42.25bn | THB 39.09bn | THB 30.53bn | THB 28.99bn | THB 25.03bn | THB 22.38bn |
| Shares outstanding | 858m | 858m | 858m | 858m | 858m | 858m | 858m | 799m | 801m | 741m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −THB 538.0m | −THB 590.5m | −THB 357.7m | THB 487.0m | −THB 163.6m | THB 56.6m | THB 131.3m | THB 171.7m | THB 166.8m | THB 971.6m |
| Capital spending | −THB 581.0m | −THB 523.5m | −THB 247.5m | −THB 149.0m | −THB 67.0m | −THB 47.5m | −THB 176.3m | −THB 140.0m | −THB 169.7m | −THB 106.6m |
| Free cash flow | −THB 1.12bn | −THB 1.11bn | −THB 605.1m | THB 338.1m | −THB 230.7m | THB 9.1m | −THB 45.0m | THB 31.7m | −THB 2.9m | THB 865.1m |
| Dividends paid | −THB 295.0m | −THB 457.5m | −THB 457.5m | −THB 457.5m | −THB 400.3m | −THB 400.3m | −THB 400.3m | −THB 386.0m | −THB 222.3m | −THB 163.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 924.9m | THB 918.6m | THB 808.4m | THB 839.6m | THB 912.9m | THB 1.40bn | THB 832.2m | THB 783.8m |
| Gross profit | THB 195.0m | THB 276.6m | THB 106.5m | THB 64.2m | THB 147.5m | THB 681.3m | THB 179.8m | THB 138.7m |
| Operating income | — | THB 63.4m | THB 338.0m | THB 154.2m | THB 494.0m | THB 636.7m | THB 327.6m | THB 237.4m |
| Net income | THB 563.3m | THB 554.6m | THB 216.6m | THB 342.2m | THB 386.8m | THB 1.34bn | THB 724.3m | THB 501.1m |
| Diluted earnings per share | 0.66 | 0.65 | 0.25 | 0.40 | 0.45 | 1.56 | 1.27 | 0.88 |
| Cash from operations | THB 10.0m | −THB 140.0m | THB 1.33bn | THB 36.0m | −THB 118.0m | −THB 190.0m | −THB 186.0m | −THB 171.0m |
| Capital spending | −THB 195.0m | −THB 235.0m | −THB 214.0m | −THB 53.0m | −THB 177.0m | −THB 129.0m | −THB 276.0m | −THB 118.0m |
| Free cash flow | −THB 185.0m | −THB 375.0m | THB 1.12bn | −THB 17.0m | −THB 295.0m | −THB 319.0m | −THB 462.0m | −THB 289.0m |
| Total assets | THB 74.72bn | THB 74.22bn | THB 71.99bn | THB 72.02bn | THB 70.69bn | THB 71.04bn | THB 70.06bn | THB 67.92bn |
| Cash and short-term investments | — | THB 2.98bn | THB 1.92bn | THB 2.18bn | THB 1.88bn | THB 2.01bn | THB 1.47bn | THB 1.09bn |
| Debt | THB 11.75bn | THB 21.31bn | THB 19.91bn | THB 18.98bn | THB 18.70bn | THB 18.98bn | THB 18.54bn | THB 17.34bn |
| Shareholders' equity | THB 50.58bn | THB 50.10bn | THB 49.44bn | THB 50.36bn | THB 49.55bn | THB 49.60bn | THB 48.85bn | THB 48.69bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.8% | 30.1% | 38.3% | 23.1% | 16.8% | 17.8% |
| Operating margin | -27.1% | 20.4% | 90.6% | 39.0% | 50.1% | 84.9% |
| Net margin | 71.7% | 88.3% | 70.7% | 77.5% | 129.3% | 85.3% |
| Return on equity | 4.6% | 6.8% | 6.7% | 7.6% | 8.5% | 5.9% |
| Return on assets | 3.2% | 4.7% | 4.7% | 5.4% | 6.5% | 4.2% |
| Free cash flow yield | 5.6% | -0.3% | -0.6% | 3.3% | -0.5% | 0.6% |
| Revenue growth | -15.3% | -14.1% | 1.0% | 56.4% | 2.5% | 7.2% |
| Earnings growth | -31.2% | 7.3% | -7.9% | -6.2% | 55.5% | 1.5% |
| Current ratio | 0.36x | 0.24x | 0.31x | 1.21x | 0.50x | 1.26x |
| Debt to equity | 0.40x | 0.38x | 0.37x | 0.34x | 0.28x | 0.36x |
| Equity ratio | 68.7% | 69.7% | 71.2% | 72.0% | 76.2% | 71.4% |
| Interest coverage | -1.59x | 1.44x | 8.62x | 4.90x | 4.57x | 8.59x |
| Buybacks as a share of market value | -50.0% | -0.0% | 0.0% | -0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | 6.7% | -0.4% |
| Operating income | -29.2% | -25.6% | -22.9% |
| Net income | -12.1% | -0.2% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.0% | 27.1% | 26.4% | 25.8% |
| Operating margin | 7.1% | 7.6% | 8.5% | 9.6% |
| Net margin | 73.8% | 79.2% | 85.3% | 78.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.9 | 10.9 | 13.2 | 12.1 | 11.3 | 17.6 | 17.6 | 15.2 | 11.4 | 9.7 |
| Price to sales | 8.6 | 9.9 | 11.6 | 9.9 | 13.7 | 14.2 | 15.7 | 15.0 | 14.7 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 27 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.267 | 0.356 | 0.356 | 0.356 | 0.311 | 0.311 | 0.311 |
- 3-for-2 split · 8 May 2025
- 10-for-1 split · 8 May 2003
- 1.055-for-1 split · 21 Apr 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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