2.28
-0.87%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 30.73bn
FY2016FY2025
Net income
THB 120.3m
FY2016FY2025
Free cash flow
THB 435.3m
FY2016FY2025
Shareholders' equity
THB 4.34bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 30.73bn | THB 32.43bn | THB 32.14bn | THB 33.51bn | THB 19.90bn | THB 16.54bn | THB 27.82bn | THB 27.98bn | THB 23.10bn | THB 19.14bn |
| Gross profit | THB 1.17bn | THB 1.28bn | THB 1.33bn | THB 1.46bn | THB 1.35bn | THB 1.32bn | THB 1.51bn | THB 1.34bn | THB 1.26bn | THB 1.29bn |
| Operating income | THB 324.6m | THB 505.8m | THB 1.60bn | THB 625.6m | THB 391.2m | THB 329.3m | THB 529.5m | THB 301.1m | THB 288.1m | THB 382.0m |
| Net income | THB 120.3m | THB 291.7m | THB 1.23bn | THB 422.1m | THB 233.5m | THB 217.7m | THB 388.2m | THB 283.7m | THB 222.5m | THB 284.8m |
| Diluted earnings per share | 0.13 | 0.29 | 1.23 | 0.42 | 0.23 | 0.22 | 0.37 | 0.26 | 0.20 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 9.73bn | THB 10.69bn | THB 9.83bn | THB 8.74bn | THB 6.79bn | THB 6.00bn | THB 5.67bn | THB 5.87bn | THB 5.79bn | THB 5.47bn |
| Cash and short-term investments | THB 1.02bn | THB 1.12bn | THB 1.03bn | THB 1.01bn | THB 436.7m | THB 302.4m | THB 283.9m | THB 453.0m | THB 389.7m | THB 412.7m |
| Total liabilities | THB 5.41bn | THB 6.17bn | THB 5.26bn | THB 4.94bn | THB 3.27bn | THB 2.55bn | THB 2.06bn | THB 2.29bn | THB 2.19bn | THB 2.12bn |
| Debt | THB 5.12bn | THB 3.61bn | THB 2.82bn | THB 2.62bn | THB 1.80bn | THB 1.52bn | THB 427.1m | THB 533.8m | THB 564.5m | THB 638.9m |
| Shareholders' equity | THB 4.34bn | THB 4.53bn | THB 4.58bn | THB 3.81bn | THB 3.53bn | THB 3.74bn | THB 3.76bn | THB 3.58bn | THB 3.59bn | THB 3.35bn |
| Shares outstanding | 950m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,050m | 1,100m | 1,100m | 1,100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 904.3m | THB 828.6m | −THB 125.0m | THB 970.2m | THB 743.6m | THB 642.0m | THB 391.8m | THB 558.8m | THB 376.9m | THB 421.9m |
| Capital spending | −THB 469.0m | −THB 637.1m | −THB 710.5m | −THB 577.1m | −THB 420.6m | −THB 248.6m | −THB 210.9m | −THB 347.9m | −THB 251.1m | −THB 235.3m |
| Free cash flow | THB 435.3m | THB 191.4m | −THB 835.6m | THB 393.1m | THB 323.0m | THB 393.4m | THB 180.9m | THB 211.0m | THB 125.9m | THB 186.6m |
| Dividends paid | −THB 173.2m | −THB 279.3m | −THB 398.8m | −THB 219.2m | −THB 169.5m | −THB 136.2m | −THB 171.6m | −THB 153.7m | −THB 87.8m | −THB 109.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 9.04bn | THB 6.90bn | THB 7.49bn | THB 6.35bn | THB 7.93bn | THB 8.97bn | THB 9.01bn | THB 7.36bn |
| Gross profit | THB 498.9m | THB 340.2m | THB 287.6m | THB 247.2m | THB 455.7m | THB 483.5m | THB 12.2m | THB 382.6m |
| Operating income | THB 170.5m | THB 150.0m | THB 60.9m | THB 57.6m | THB 64.0m | THB 149.4m | THB 164.8m | THB 139.0m |
| Net income | THB 120.6m | THB 92.5m | THB 6.3m | THB 9.6m | THB 13.4m | THB 90.9m | THB 109.2m | THB 57.8m |
| Diluted earnings per share | 0.13 | 0.10 | 0.01 | 0.01 | 0.01 | 0.10 | 0.11 | 0.06 |
| Cash from operations | THB 116.0m | THB 654.0m | THB 414.0m | THB 476.0m | −THB 67.0m | THB 101.0m | THB 449.0m | −THB 133.0m |
| Capital spending | −THB 129.0m | −THB 146.0m | −THB 75.0m | −THB 107.0m | −THB 152.0m | −THB 133.0m | −THB 176.0m | −THB 175.0m |
| Free cash flow | −THB 13.0m | THB 508.0m | THB 339.0m | THB 369.0m | −THB 219.0m | −THB 32.0m | THB 273.0m | −THB 308.0m |
| Total assets | THB 10.14bn | THB 10.28bn | THB 9.73bn | THB 10.39bn | THB 10.65bn | THB 10.81bn | THB 10.69bn | THB 9.88bn |
| Cash and short-term investments | — | THB 1.43bn | THB 1.02bn | THB 1.22bn | THB 1.15bn | THB 1.16bn | THB 1.12bn | THB 927.2m |
| Debt | THB 369.4m | THB 1.64bn | THB 1.69bn | THB 2.27bn | THB 2.50bn | THB 2.10bn | THB 1.90bn | THB 1.91bn |
| Shareholders' equity | THB 4.53bn | THB 4.43bn | THB 4.34bn | THB 4.32bn | THB 4.35bn | THB 4.50bn | THB 4.53bn | THB 4.44bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.8% | 3.9% | 4.2% | 4.4% | 6.8% | 8.0% |
| Operating margin | -0.8% | 1.6% | 5.1% | 1.9% | 2.0% | 2.1% |
| Net margin | 0.4% | 0.9% | 3.8% | 1.3% | 1.2% | 1.3% |
| Return on equity | 2.8% | 6.4% | 26.8% | 11.1% | 6.6% | 5.8% |
| Return on assets | 1.2% | 2.7% | 12.5% | 4.8% | 3.4% | 3.6% |
| Free cash flow yield | 60.7% | 61.6% | 24.6% | 65.0% | 48.9% | 37.4% |
| Revenue growth | -5.2% | 0.9% | -4.1% | 68.4% | 20.3% | -40.5% |
| Earnings growth | -58.8% | -76.3% | 191.1% | 80.7% | 7.3% | -43.9% |
| Current ratio | 0.82x | 0.92x | 0.89x | 1.04x | 1.04x | 1.16x |
| Debt to equity | 0.39x | 0.42x | 0.32x | 0.33x | 0.19x | 0.15x |
| Equity ratio | 44.6% | 42.4% | 46.6% | 43.6% | 51.9% | 62.2% |
| Interest coverage | -1.37x | 4.27x | 13.43x | 6.26x | 4.88x | 4.92x |
| Buybacks as a share of market value | 5.0% | -0.0% | 0.0% | 0.0% | 0.0% | 4.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.8% | 13.2% | 4.8% |
| Operating income | -19.6% | -0.3% | 6.6% |
| Net income | -34.2% | -11.2% | -2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.9% | 4.1% | 4.8% | 5.1% |
| Operating margin | 1.3% | 2.4% | 2.3% | 1.9% |
| Net margin | 0.7% | 1.6% | 1.5% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | 9.9 | 3.8 | 9.5 | 13.9 | 13.4 | 7.6 | 9.4 | 18.4 | 12.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 17 years. Last went ex-dividend on 10 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.28 | 0.28 | 0.22 | 0.17 | 0.13 | 0.16 | 0.14 |
- 5-for-1 split · 8 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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