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S

Sermsang Power Corporation PCL SSP.BK · THB

Utilities · SET · 🇹🇭 Thailand

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7.20

+0.70%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

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

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 3.15bnTHB 3.47bnTHB 3.07bnTHB 3.12bnTHB 2.04bnTHB 1.31bnTHB 882.4mTHB 560.5mTHB 871.7mTHB 285.6m
Operating incomeTHB 1.18bnTHB 1.57bnTHB 1.42bnTHB 1.84bnTHB 1.35bnTHB 1.07bnTHB 770.6mTHB 620.5mTHB 489.6mTHB 586.0m
Net incomeTHB 562.3mTHB 754.4mTHB 812.3mTHB 1.30bnTHB 859.0mTHB 736.3mTHB 545.7mTHB 482.0mTHB 339.8mTHB 448.6m
Diluted earnings per share0.450.590.590.950.580.660.490.430.300.54

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 27.00bnTHB 24.69bnTHB 21.07bnTHB 21.29bnTHB 24.06bnTHB 16.10bnTHB 13.05bnTHB 11.89bnTHB 8.27bnTHB 4.96bn
Cash and short-term investmentsTHB 2.59bnTHB 1.66bnTHB 3.40bnTHB 3.23bnTHB 3.39bnTHB 1.37bnTHB 915.5mTHB 1.13bnTHB 1.60bnTHB 367.4m
Total liabilitiesTHB 19.06bnTHB 16.59bnTHB 12.60bnTHB 13.02bnTHB 17.69bnTHB 11.56bnTHB 9.05bnTHB 8.03bnTHB 4.85bnTHB 3.67bn
DebtTHB 17.47bnTHB 15.28bnTHB 12.20bnTHB 12.70bnTHB 14.26bnTHB 11.18bnTHB 8.73bnTHB 7.38bnTHB 4.57bnTHB 3.62bn
Shareholders' equityTHB 7.57bnTHB 7.65bnTHB 8.03bnTHB 7.78bnTHB 5.88bnTHB 4.21bnTHB 3.78bnTHB 3.53bnTHB 3.31bnTHB 1.24bn
Shares outstanding1,249m1,284m1,369m1,374m1,482m1,116m1,116m1,116m1,116m837m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 1.38bnTHB 2.53bnTHB 2.28bnTHB 2.04bnTHB 2.39bnTHB 1.43bnTHB 713.1mTHB 889.3mTHB 568.4mTHB 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 1.75bnTHB 1.04bnTHB 1.86bnTHB 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 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 742.8mTHB 884.3mTHB 877.1mTHB 742.1mTHB 634.1mTHB 893.2mTHB 980.6mTHB 845.8m
Operating incomeTHB 211.9mTHB 389.3mTHB 363.5mTHB 255.9mTHB 186.5mTHB 441.7mTHB 524.7mTHB 334.0m
Net incomeTHB 60.9mTHB 264.2mTHB 226.1mTHB 111.7m−THB 13.7mTHB 238.2mTHB 313.8mTHB 113.7m
Diluted earnings per share0.050.210.180.09-0.010.190.240.09
Cash from operationsTHB 605.0mTHB 462.0mTHB 232.0mTHB 258.0mTHB 491.0mTHB 791.0mTHB 668.0mTHB 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 177.0mTHB 306.0mTHB 317.0mTHB 277.0m
Total assetsTHB 28.29bnTHB 28.13bnTHB 27.00bnTHB 25.38bnTHB 24.83bnTHB 25.21bnTHB 24.69bnTHB 24.51bn
Cash and short-term investmentsTHB 1.85bnTHB 2.80bnTHB 2.59bnTHB 2.35bnTHB 1.82bnTHB 2.09bnTHB 1.66bnTHB 2.24bn
DebtTHB 17.77bnTHB 17.22bnTHB 16.80bnTHB 15.80bnTHB 15.26bnTHB 15.03bnTHB 14.51bnTHB 14.85bn
Shareholders' equityTHB 7.76bnTHB 8.05bnTHB 7.57bnTHB 7.40bnTHB 7.37bnTHB 7.81bnTHB 7.65bnTHB 7.42bn

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin37.4%46.9%46.2%59.5%66.1%88.6%
Net margin17.9%21.8%26.4%41.8%42.1%56.2%
Return on equity7.4%9.9%10.1%16.7%14.6%17.5%
Return on assets2.1%3.1%3.9%6.1%3.6%4.6%
Free cash flow yield47.0%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 ratio1.03x0.82x2.53x3.64x0.81x1.39x
Debt to equity2.21x1.90x1.45x1.55x2.33x2.55x
Equity ratio28.0%31.0%38.1%36.5%24.5%26.1%
Interest coverage1.69x2.09x2.15x3.31x3.79x3.70x
Buybacks as a share of market value2.7%6.2%0.3%7.3%-32.8%0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.3%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 year3 years5 years10 years
Operating margin41.5%46.9%52.2%60.5%
Net margin19.9%26.8%31.1%38.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings7.29.413.59.618.113.211.312.920.4
Price to sales1.32.03.64.07.67.47.011.17.9

Dividends and splits

Per share, in the currency the company pays

Paid for 8 years. Last went ex-dividend on 2 May 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.200.100.0610.1920.0090.0830.1630.154
  • 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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