7.20
+0.70%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 3.15bn
FY2016FY2025
Net income
THB 562.3m
FY2016FY2025
Free cash flow
−THB 1.75bn
FY2016FY2025
Shareholders' equity
THB 7.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.15bn | THB 3.47bn | THB 3.07bn | THB 3.12bn | THB 2.04bn | THB 1.31bn | THB 882.4m | THB 560.5m | THB 871.7m | THB 285.6m |
| Operating income | THB 1.18bn | THB 1.57bn | THB 1.42bn | THB 1.84bn | THB 1.35bn | THB 1.07bn | THB 770.6m | THB 620.5m | THB 489.6m | THB 586.0m |
| Net income | THB 562.3m | THB 754.4m | THB 812.3m | THB 1.30bn | THB 859.0m | THB 736.3m | THB 545.7m | THB 482.0m | THB 339.8m | THB 448.6m |
| Diluted earnings per share | 0.45 | 0.59 | 0.59 | 0.95 | 0.58 | 0.66 | 0.49 | 0.43 | 0.30 | 0.54 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 27.00bn | THB 24.69bn | THB 21.07bn | THB 21.29bn | THB 24.06bn | THB 16.10bn | THB 13.05bn | THB 11.89bn | THB 8.27bn | THB 4.96bn |
| Cash and short-term investments | THB 2.59bn | THB 1.66bn | THB 3.40bn | THB 3.23bn | THB 3.39bn | THB 1.37bn | THB 915.5m | THB 1.13bn | THB 1.60bn | THB 367.4m |
| Total liabilities | THB 19.06bn | THB 16.59bn | THB 12.60bn | THB 13.02bn | THB 17.69bn | THB 11.56bn | THB 9.05bn | THB 8.03bn | THB 4.85bn | THB 3.67bn |
| Debt | THB 17.47bn | THB 15.28bn | THB 12.20bn | THB 12.70bn | THB 14.26bn | THB 11.18bn | THB 8.73bn | THB 7.38bn | THB 4.57bn | THB 3.62bn |
| Shareholders' equity | THB 7.57bn | THB 7.65bn | THB 8.03bn | THB 7.78bn | THB 5.88bn | THB 4.21bn | THB 3.78bn | THB 3.53bn | THB 3.31bn | THB 1.24bn |
| Shares outstanding | 1,249m | 1,284m | 1,369m | 1,374m | 1,482m | 1,116m | 1,116m | 1,116m | 1,116m | 837m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.38bn | THB 2.53bn | THB 2.28bn | THB 2.04bn | THB 2.39bn | THB 1.43bn | THB 713.1m | THB 889.3m | THB 568.4m | THB 663.5m |
| Capital spending | −THB 3.13bn | −THB 1.48bn | −THB 417.6m | −THB 235.6m | −THB 4.89bn | −THB 1.66bn | −THB 2.25bn | −THB 3.37bn | −THB 1.96bn | −THB 1.34bn |
| Free cash flow | −THB 1.75bn | THB 1.04bn | THB 1.86bn | THB 1.81bn | −THB 2.50bn | −THB 229.6m | −THB 1.54bn | −THB 2.48bn | −THB 1.39bn | −THB 677.8m |
| Dividends paid | −THB 250.1m | −THB 128.6m | −THB 76.3m | −THB 262.3m | −THB 10.2m | −THB 101.4m | −THB 200.1m | −THB 188.9m | −THB 188.9m | −THB 188.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 742.8m | THB 884.3m | THB 877.1m | THB 742.1m | THB 634.1m | THB 893.2m | THB 980.6m | THB 845.8m |
| Operating income | THB 211.9m | THB 389.3m | THB 363.5m | THB 255.9m | THB 186.5m | THB 441.7m | THB 524.7m | THB 334.0m |
| Net income | THB 60.9m | THB 264.2m | THB 226.1m | THB 111.7m | −THB 13.7m | THB 238.2m | THB 313.8m | THB 113.7m |
| Diluted earnings per share | 0.05 | 0.21 | 0.18 | 0.09 | -0.01 | 0.19 | 0.24 | 0.09 |
| Cash from operations | THB 605.0m | THB 462.0m | THB 232.0m | THB 258.0m | THB 491.0m | THB 791.0m | THB 668.0m | THB 442.0m |
| Capital spending | −THB 892.0m | −THB 543.0m | −THB 1.16bn | −THB 580.0m | −THB 668.0m | −THB 485.0m | −THB 351.0m | −THB 165.0m |
| Free cash flow | −THB 287.0m | −THB 81.0m | −THB 926.0m | −THB 322.0m | −THB 177.0m | THB 306.0m | THB 317.0m | THB 277.0m |
| Total assets | THB 28.29bn | THB 28.13bn | THB 27.00bn | THB 25.38bn | THB 24.83bn | THB 25.21bn | THB 24.69bn | THB 24.51bn |
| Cash and short-term investments | THB 1.85bn | THB 2.80bn | THB 2.59bn | THB 2.35bn | THB 1.82bn | THB 2.09bn | THB 1.66bn | THB 2.24bn |
| Debt | THB 17.77bn | THB 17.22bn | THB 16.80bn | THB 15.80bn | THB 15.26bn | THB 15.03bn | THB 14.51bn | THB 14.85bn |
| Shareholders' equity | THB 7.76bn | THB 8.05bn | THB 7.57bn | THB 7.40bn | THB 7.37bn | THB 7.81bn | THB 7.65bn | THB 7.42bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 37.4% | 46.9% | 46.2% | 59.5% | 66.1% | 88.6% |
| Net margin | 17.9% | 21.8% | 26.4% | 41.8% | 42.1% | 56.2% |
| Return on equity | 7.4% | 9.9% | 10.1% | 16.7% | 14.6% | 17.5% |
| Return on assets | 2.1% | 3.1% | 3.9% | 6.1% | 3.6% | 4.6% |
| Free cash flow yield | 47.0% | 40.6% | 25.6% | 21.5% | 63.8% | 35.9% |
| Revenue growth | -9.2% | 12.8% | -1.5% | 53.0% | 55.6% | 48.5% |
| Earnings growth | -25.5% | -7.1% | -37.6% | 51.5% | 16.7% | 34.9% |
| Current ratio | 1.03x | 0.82x | 2.53x | 3.64x | 0.81x | 1.39x |
| Debt to equity | 2.21x | 1.90x | 1.45x | 1.55x | 2.33x | 2.55x |
| Equity ratio | 28.0% | 31.0% | 38.1% | 36.5% | 24.5% | 26.1% |
| Interest coverage | 1.69x | 2.09x | 2.15x | 3.31x | 3.79x | 3.70x |
| Buybacks as a share of market value | 2.7% | 6.2% | 0.3% | 7.3% | -32.8% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | 19.2% | 26.8% |
| Operating income | -13.9% | 1.8% | 6.4% |
| Net income | -24.4% | -5.2% | 1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 41.5% | 46.9% | 52.2% | 60.5% |
| Net margin | 19.9% | 26.8% | 31.1% | 38.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.2 | 9.4 | 13.5 | 9.6 | 18.1 | 13.2 | 11.3 | 12.9 | 20.4 |
| Price to sales | 1.3 | 2.0 | 3.6 | 4.0 | 7.6 | 7.4 | 7.0 | 11.1 | 7.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 2 May 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.10 | 0.061 | 0.192 | 0.009 | 0.083 | 0.163 | 0.154 |
- 11-for-10 split · 3 May 2023
- 11-for-10 split · 5 May 2022
- 11-for-10 split · 13 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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