9.20
+0.55%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 23.89bn
FY2016FY2025
Net income
−THB 108.6m
FY2016FY2025
Free cash flow
THB 3.14bn
FY2016FY2025
Shareholders' equity
THB 37.24bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 23.89bn | THB 25.00bn | THB 19.67bn | THB 23.30bn | THB 47.55bn | THB 30.41bn | THB 11.99bn | THB 10.99bn | THB 11.25bn | THB 9.08bn |
| Gross profit | THB 2.05bn | THB 2.17bn | THB 2.15bn | THB 4.26bn | THB 28.26bn | THB 16.80bn | THB 1.44bn | THB 1.81bn | THB 798.3m | THB 958.0m |
| Operating income | −THB 166.4m | THB 1.06bn | THB 115.8m | THB 1.91bn | THB 25.90bn | THB 16.05bn | THB 788.3m | THB 1.34bn | THB 238.3m | THB 544.8m |
| Net income | −THB 108.6m | THB 995.3m | THB 152.7m | THB 1.65bn | THB 23.70bn | THB 14.40bn | THB 634.3m | THB 1.05bn | THB 300.2m | THB 594.9m |
| Diluted earnings per share | -0.04 | 0.35 | 0.05 | 0.58 | 8.28 | 5.04 | 0.22 | 0.37 | 0.11 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 44.75bn | THB 48.92bn | THB 46.58bn | THB 48.53bn | THB 51.30bn | THB 43.29bn | THB 13.22bn | THB 10.65bn | THB 6.72bn | THB 9.21bn |
| Cash and short-term investments | THB 2.96bn | THB 5.42bn | THB 9.44bn | THB 14.35bn | THB 21.27bn | THB 24.19bn | THB 581.3m | THB 573.3m | THB 573.3m | THB 3.84bn |
| Total liabilities | THB 7.50bn | THB 10.40bn | THB 9.75bn | THB 11.72bn | THB 13.09bn | THB 11.60bn | THB 8.81bn | THB 6.86bn | THB 4.85bn | THB 884.0m |
| Debt | THB 4.51bn | THB 7.26bn | THB 7.03bn | THB 8.89bn | THB 8.53bn | THB 6.61bn | THB 7.07bn | THB 5.25bn | THB 3.50bn | — |
| Shareholders' equity | THB 37.24bn | THB 38.52bn | THB 36.84bn | THB 36.81bn | THB 38.21bn | THB 31.70bn | THB 4.40bn | THB 2.43bn | THB 1.88bn | THB 8.33bn |
| Shares outstanding | 2,790m | 2,865m | 2,865m | 2,865m | 2,864m | 2,859m | 2,858m | 2,858m | 2,858m | 2,858m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 4.02bn | THB 1.22bn | THB 1.68bn | THB 4.09bn | THB 24.07bn | THB 13.61bn | THB 1.34bn | THB 1.15bn | THB 1.25bn | THB 1.00bn |
| Capital spending | −THB 875.8m | −THB 1.26bn | −THB 1.08bn | −THB 7.08bn | −THB 10.65bn | −THB 2.05bn | −THB 3.18bn | −THB 1.54bn | −THB 711.2m | −THB 339.0m |
| Free cash flow | THB 3.14bn | −THB 35.1m | THB 607.9m | −THB 2.99bn | THB 13.42bn | THB 11.56bn | −THB 1.84bn | −THB 383.7m | THB 536.7m | THB 663.1m |
| Dividends paid | −THB 1.43bn | −THB 1.43bn | −THB 716.3m | −THB 3.29bn | −THB 17.16bn | −THB 2.05bn | −THB 1.79bn | −THB 500.0m | −THB 7.17bn | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 6.11bn | THB 5.49bn | THB 5.27bn | THB 6.08bn | THB 6.00bn | THB 6.55bn | THB 6.77bn | THB 6.44bn |
| Gross profit | THB 1.04bn | THB 568.4m | THB 377.2m | THB 436.1m | THB 518.0m | THB 849.3m | THB 554.8m | THB 330.4m |
| Operating income | THB 562.1m | THB 502.1m | −THB 738.6m | −THB 131.8m | THB 158.5m | THB 466.6m | THB 597.9m | −THB 81.9m |
| Net income | THB 566.5m | THB 384.1m | −THB 503.8m | −THB 106.0m | THB 77.1m | THB 424.2m | THB 556.7m | −THB 86.5m |
| Diluted earnings per share | 0.20 | 0.14 | -0.18 | -0.04 | 0.03 | 0.15 | 0.19 | -0.03 |
| Cash from operations | THB 1.46bn | THB 205.0m | THB 560.0m | THB 1.53bn | THB 941.0m | THB 968.0m | THB 145.0m | THB 831.0m |
| Capital spending | −THB 195.0m | −THB 185.0m | −THB 174.0m | −THB 119.0m | −THB 295.0m | −THB 287.0m | −THB 379.0m | −THB 425.0m |
| Free cash flow | THB 1.27bn | THB 20.0m | THB 386.0m | THB 1.41bn | THB 646.0m | THB 681.0m | −THB 234.0m | THB 406.0m |
| Total assets | THB 46.87bn | THB 45.72bn | THB 44.75bn | THB 46.05bn | THB 47.10bn | THB 48.10bn | THB 48.92bn | THB 46.84bn |
| Cash and short-term investments | THB 2.68bn | THB 2.97bn | THB 2.96bn | THB 3.72bn | THB 4.46bn | THB 5.23bn | THB 5.42bn | THB 5.37bn |
| Debt | THB 1.68bn | THB 4.68bn | THB 4.45bn | THB 4.90bn | THB 6.78bn | THB 6.36bn | THB 7.20bn | THB 7.02bn |
| Shareholders' equity | THB 38.34bn | THB 37.61bn | THB 37.24bn | THB 38.05bn | THB 37.61bn | THB 38.77bn | THB 38.52bn | THB 36.71bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.6% | 8.7% | 10.9% | 18.3% | 59.4% | 55.3% |
| Operating margin | -0.7% | 4.2% | 0.6% | 8.2% | 54.5% | 52.8% |
| Net margin | -0.5% | 4.0% | 0.8% | 7.1% | 49.9% | 47.4% |
| Return on equity | -0.3% | 2.6% | 0.4% | 4.5% | 62.0% | 45.4% |
| Return on assets | -0.2% | 2.0% | 0.3% | 3.4% | 46.2% | 33.3% |
| Free cash flow yield | 16.5% | 8.2% | 9.1% | 36.7% | 114.4% | 51.7% |
| Revenue growth | -4.4% | 27.1% | -15.6% | -51.0% | 56.4% | 153.5% |
| Earnings growth | -110.9% | 551.9% | -90.8% | -93.0% | 64.6% | 2170.4% |
| Current ratio | 2.17x | 1.94x | 3.63x | 4.62x | 5.23x | 5.69x |
| Debt to equity | 0.12x | 0.19x | 0.19x | 0.24x | 0.22x | 0.21x |
| Equity ratio | 83.2% | 78.7% | 79.1% | 75.9% | 74.5% | 73.2% |
| Interest coverage | -0.71x | 3.64x | 0.38x | 10.22x | 203.35x | 112.90x |
| Buybacks as a share of market value | 2.6% | 0.0% | 0.0% | -0.0% | -0.2% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | -4.7% | 8.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.6% | 11.6% | 32.8% | 27.9% |
| Operating margin | 1.8% | 3.2% | 26.4% | 21.9% |
| Net margin | 1.8% | 2.9% | 24.0% | 20.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -236.4 | 28.4 | 125.7 | 17.3 | 3.6 | 7.5 |
| Price to sales | 1.1 | 1.1 | 1.0 | 1.2 | 1.8 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 21 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 | 0.25 | 1.15 | 6.00 | 0.625 |
- 2-for-1 split · 5 Jan 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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