19.40
-1.52%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 113.48bn
FY2016FY2025
Net income
−THB 1.27bn
FY2016FY2025
Free cash flow
THB 11.85bn
FY2016FY2025
Shareholders' equity
THB 48.21bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 113.48bn | THB 114.37bn | THB 84.24bn | THB 110.66bn | THB 118.28bn | THB 75.48bn | THB 60.29bn | THB 73.49bn | THB 89.39bn | THB 77.27bn |
| Gross profit | THB 6.67bn | THB 10.82bn | THB 8.16bn | THB 15.81bn | THB 38.06bn | THB 21.78bn | THB 4.85bn | THB 7.11bn | THB 3.78bn | THB 5.41bn |
| Operating income | −THB 1.14bn | THB 3.56bn | THB 476.1m | THB 6.87bn | THB 29.19bn | THB 17.54bn | THB 655.6m | THB 3.05bn | −THB 331.8m | −THB 803.7m |
| Net income | −THB 1.27bn | THB 1.67bn | −THB 434.4m | THB 4.79bn | THB 26.18bn | THB 15.40bn | −THB 52.1m | THB 2.06bn | −THB 1.44bn | −THB 758.0m |
| Diluted earnings per share | -0.82 | 1.09 | -0.28 | 3.12 | 17.00 | 10.02 | -0.03 | 1.34 | -0.94 | -0.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 113.76bn | THB 131.21bn | THB 111.74bn | THB 117.08bn | THB 114.53bn | THB 93.12bn | THB 58.33bn | THB 55.75bn | THB 59.71bn | THB 55.96bn |
| Cash and short-term investments | THB 5.27bn | THB 9.43bn | THB 12.20bn | THB 22.50bn | THB 23.07bn | THB 26.45bn | THB 2.38bn | THB 4.20bn | THB 2.24bn | THB 1.67bn |
| Total liabilities | THB 47.56bn | THB 61.51bn | THB 43.59bn | THB 47.90bn | THB 49.48bn | THB 39.72bn | THB 32.84bn | THB 30.65bn | THB 36.43bn | THB 36.05bn |
| Debt | THB 41.58bn | THB 54.08bn | THB 37.42bn | THB 40.56bn | THB 41.30bn | THB 32.20bn | THB 28.94bn | THB 27.78bn | THB 32.31bn | THB 31.71bn |
| Shareholders' equity | THB 48.21bn | THB 51.09bn | THB 50.34bn | THB 51.39bn | THB 46.65bn | THB 38.07bn | THB 24.12bn | THB 24.71bn | THB 22.91bn | THB 19.85bn |
| Shares outstanding | 1,536m | 1,536m | 1,536m | 1,536m | 1,540m | 1,536m | 1,536m | 1,536m | 1,536m | 1,328m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 13.99bn | −THB 11.37bn | THB 2.89bn | THB 15.67bn | THB 14.60bn | THB 10.96bn | THB 1.58bn | THB 10.73bn | THB 3.94bn | −THB 10.21bn |
| Capital spending | −THB 2.14bn | −THB 2.80bn | −THB 5.34bn | −THB 10.49bn | −THB 11.75bn | −THB 2.49bn | −THB 4.00bn | −THB 2.79bn | −THB 3.17bn | −THB 2.29bn |
| Free cash flow | THB 11.85bn | −THB 14.18bn | −THB 2.46bn | THB 5.18bn | THB 2.84bn | THB 8.46bn | −THB 2.43bn | THB 7.94bn | THB 769.6m | −THB 12.51bn |
| Dividends paid | −THB 1.54bn | −THB 1.54bn | −THB 1.54bn | −THB 2.53bn | −THB 8.06bn | −THB 1.30bn | −THB 614.4m | −THB 391.7m | −THB 506.1m | −THB 512.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 31.00bn | THB 26.84bn | THB 26.68bn | THB 21.57bn | THB 30.84bn | THB 34.39bn | THB 33.26bn | THB 31.62bn |
| Gross profit | THB 3.71bn | THB 2.56bn | THB 1.71bn | THB 866.9m | THB 1.36bn | THB 3.14bn | THB 2.51bn | THB 3.29bn |
| Operating income | THB 1.79bn | THB 1.14bn | −THB 625.7m | −THB 772.1m | −THB 508.5m | THB 1.32bn | THB 1.62bn | THB 830.1m |
| Net income | THB 895.0m | THB 645.4m | −THB 325.7m | −THB 841.9m | −THB 786.8m | THB 688.7m | THB 854.3m | THB 517.3m |
| Diluted earnings per share | 0.58 | 0.42 | -0.21 | -0.55 | -0.51 | 0.45 | 0.56 | 0.34 |
| Cash from operations | THB 6.98bn | THB 3.74bn | −THB 5.20bn | −THB 567.0m | THB 16.11bn | THB 3.52bn | −THB 7.76bn | THB 1.36bn |
| Capital spending | −THB 384.0m | −THB 392.0m | −THB 437.0m | −THB 483.0m | −THB 607.0m | −THB 615.0m | −THB 726.0m | −THB 935.0m |
| Free cash flow | THB 6.59bn | THB 3.35bn | −THB 5.64bn | −THB 1.05bn | THB 15.50bn | THB 2.91bn | −THB 8.49bn | THB 428.0m |
| Total assets | THB 108.76bn | THB 114.14bn | THB 113.76bn | THB 108.39bn | THB 108.01bn | THB 127.05bn | THB 131.21bn | THB 121.70bn |
| Cash and short-term investments | THB 5.33bn | THB 6.78bn | THB 5.27bn | THB 5.60bn | THB 6.27bn | THB 8.37bn | THB 9.43bn | THB 8.49bn |
| Debt | THB 12.30bn | THB 39.64bn | THB 41.80bn | THB 35.57bn | THB 34.62bn | THB 49.47bn | THB 53.79bn | THB 44.54bn |
| Shareholders' equity | THB 49.84bn | THB 48.61bn | THB 48.21bn | THB 48.59bn | THB 49.56bn | THB 51.88bn | THB 51.09bn | THB 49.95bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 5.9% | 9.5% | 9.7% | 14.3% | 32.2% | 28.9% |
| Operating margin | -1.0% | 3.1% | 0.6% | 6.2% | 24.7% | 23.2% |
| Net margin | -1.1% | 1.5% | -0.5% | 4.3% | 22.1% | 20.4% |
| Return on equity | -2.6% | 3.3% | -0.9% | 9.3% | 56.1% | 40.4% |
| Return on assets | -1.1% | 1.3% | -0.4% | 4.1% | 22.9% | 16.5% |
| Free cash flow yield | 48.6% | -25.8% | 24.8% | 78.9% | 79.2% | 40.5% |
| Revenue growth | -0.8% | 35.8% | -23.9% | -6.4% | 56.7% | 25.2% |
| Earnings growth | -175.8% | -484.6% | -109.1% | -81.7% | 70.0% | -29667.8% |
| Current ratio | 1.92x | 1.62x | 3.27x | 4.09x | 2.20x | 1.77x |
| Debt to equity | 0.86x | 1.05x | 0.74x | 0.78x | 0.88x | 0.84x |
| Equity ratio | 42.4% | 38.9% | 45.1% | 43.9% | 40.7% | 40.9% |
| Interest coverage | -0.75x | 2.07x | 0.33x | 5.62x | 35.23x | 25.38x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.2% | -0.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 8.5% | 6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 9.8% | 16.4% | 12.9% |
| Operating margin | 1.1% | 2.3% | 9.2% | 6.2% |
| Net margin | 0.2% | 1.1% | 7.5% | 4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.8 | 16.6 | -56.9 | 6.8 | 1.8 | 2.6 | -295.0 | 10.5 | -15.1 | -38.8 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.00 | 1.00 | 1.00 | 1.40 | 5.00 | 0.85 | 0.40 |
- 5-for-1 split · 6 Jul 2010
- 2-for-1 split · 28 Dec 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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