1.47
+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 1.56bn
FY2020FY2025
Net income
THB 161.0m
FY2020FY2025
Free cash flow
−THB 72.8m
FY2020FY2025
Shareholders' equity
THB 1.01bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | THB 1.56bn | THB 852.6m | THB 1.26bn | THB 1.03bn | THB 871.2m | THB 1.26bn |
| Gross profit | THB 300.5m | THB 260.1m | THB 290.8m | THB 219.7m | THB 202.2m | THB 275.7m |
| Operating income | THB 192.5m | THB 168.4m | THB 197.9m | THB 125.4m | THB 137.2m | THB 153.7m |
| Net income | THB 161.0m | THB 137.1m | THB 156.6m | THB 99.2m | THB 110.5m | THB 127.1m |
| Diluted earnings per share | 0.22 | 0.19 | 0.24 | 0.13 | 0.15 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | THB 3.14bn | THB 1.20bn | THB 669.8m | THB 795.5m | THB 1.07bn | THB 1.17bn |
| Cash and short-term investments | THB 264.1m | THB 407.5m | THB 140.3m | THB 331.3m | THB 512.2m | THB 385.3m |
| Total liabilities | THB 2.13bn | THB 267.7m | THB 291.2m | THB 188.2m | THB 260.3m | THB 273.1m |
| Debt | THB 17.5m | THB 24.0m | THB 28.5m | THB 35.7m | THB 26.6m | THB 37.1m |
| Shareholders' equity | THB 1.01bn | THB 935.1m | THB 378.5m | THB 607.3m | THB 810.6m | THB 900.1m |
| Shares outstanding | 740m | 740m | 650m | 740m | 740m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −THB 72.1m | −THB 146.2m | THB 169.0m | THB 126.5m | THB 339.2m | THB 112.5m |
| Capital spending | −THB 674,585 | −THB 7.9m | −THB 1.7m | −THB 1.0m | −THB 2.6m | −THB 100.6m |
| Free cash flow | −THB 72.8m | −THB 154.1m | THB 167.4m | THB 125.5m | THB 336.5m | THB 11.9m |
| Dividends paid | −THB 81.4m | −THB 33.0m | −THB 385.3m | −THB 470.0m | −THB 200.0m | −THB 60.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 418.2m | THB 371.4m | THB 953.8m | THB 175.4m | THB 252.8m | THB 176.0m | THB 161.7m | THB 413.4m |
| Gross profit | THB 84.5m | THB 55.9m | THB 139.6m | THB 48.2m | THB 60.4m | THB 52.3m | THB 60.0m | THB 109.2m |
| Operating income | THB 60.0m | THB 27.0m | THB 110.3m | THB 23.7m | THB 38.3m | THB 27.5m | THB 23.7m | THB 86.5m |
| Net income | THB 44.4m | THB 24.1m | THB 89.9m | THB 18.8m | THB 30.5m | THB 21.8m | THB 18.8m | THB 69.0m |
| Diluted earnings per share | 0.06 | 0.03 | 0.12 | 0.03 | 0.04 | 0.03 | 0.03 | 0.09 |
| Cash from operations | −THB 901.0m | −THB 452.0m | −THB 217.0m | THB 54.0m | THB 41.0m | THB 46.0m | −THB 131.0m | — |
| Total assets | THB 6.05bn | THB 4.84bn | THB 3.14bn | THB 1.23bn | THB 1.23bn | THB 1.22bn | THB 1.20bn | THB 1.45bn |
| Cash and short-term investments | THB 259.6m | THB 91.1m | THB 264.1m | THB 480.9m | THB 431.4m | THB 453.1m | THB 407.5m | THB 537.9m |
| Debt | THB 1.46bn | THB 288.6m | THB 8.1m | THB 5.0m | THB 12.0m | THB 6.6m | THB 6.6m | THB 6.5m |
| Shareholders' equity | THB 991.0m | THB 1.04bn | THB 1.01bn | THB 924.8m | THB 906.0m | THB 956.9m | THB 935.1m | THB 916.3m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 19.3% | 30.5% | 23.1% | 21.4% | 23.2% | 21.9% |
| Operating margin | 12.4% | 19.8% | 15.7% | 12.2% | 15.7% | 13.5% |
| Net margin | 10.3% | 16.1% | 12.5% | 9.7% | 12.7% | 10.1% |
| Return on equity | 15.9% | 14.7% | 41.4% | 16.3% | 13.6% | 14.1% |
| Return on assets | 5.1% | 11.4% | 23.4% | 12.5% | 10.3% | 10.8% |
| Free cash flow yield | -6.6% | -12.7% | 17.9% | — | — | — |
| Revenue growth | 82.7% | -32.1% | 22.5% | 17.7% | -30.7% | — |
| Earnings growth | 17.4% | -12.4% | 57.8% | -10.2% | -13.0% | — |
| Current ratio | 0.66x | 3.06x | 1.67x | 4.09x | 3.50x | 3.42x |
| Debt to equity | 0.00x | 0.01x | 0.02x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 32.2% | 77.7% | 56.5% | 76.3% | 75.7% | 76.7% |
| Interest coverage | 262.66x | 205.66x | 135.52x | 106.26x | 149.14x | 1310.06x |
| Buybacks as a share of market value | 0.0% | -13.8% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.0% | 4.4% | — |
| Operating income | 15.4% | 4.6% | — |
| Net income | 17.5% | 4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.3% | 22.8% | 22.7% | — |
| Operating margin | 15.0% | 14.6% | 14.3% | — |
| Net margin | 12.4% | 11.8% | 11.6% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 6.5 | 9.1 |
| Price to sales | 0.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 28 Apr 2026.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.12 | 0.11 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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