1.97
+0.51%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 8.73bn
FY2016FY2025
Net income
THB 217.5m
FY2016FY2025
Free cash flow
−THB 528.4m
FY2016FY2025
Shareholders' equity
THB 2.68bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 8.73bn | THB 8.17bn | THB 8.96bn | THB 6.91bn | THB 8.53bn | THB 7.60bn | THB 7.11bn | THB 7.53bn | THB 8.67bn | THB 6.53bn |
| Gross profit | THB 798.2m | THB 730.0m | THB 796.6m | THB 702.9m | THB 821.6m | THB 754.4m | THB 659.3m | THB 651.1m | THB 847.6m | THB 717.6m |
| Operating income | THB 113.8m | THB 150.0m | THB 210.8m | THB 198.2m | THB 280.1m | THB 186.5m | THB 203.1m | THB 137.5m | THB 76.2m | THB 112.4m |
| Net income | THB 217.5m | THB 25.3m | THB 109.4m | THB 136.4m | THB 159.9m | THB 138.9m | THB 123.0m | THB 114.4m | THB 188.7m | THB 72.7m |
| Diluted earnings per share | 0.23 | 0.03 | 0.12 | 0.14 | 0.17 | 0.15 | 0.13 | 0.12 | 0.20 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 8.85bn | THB 7.22bn | THB 6.64bn | THB 6.22bn | THB 5.84bn | THB 5.99bn | THB 4.86bn | THB 5.70bn | THB 6.32bn | THB 5.16bn |
| Cash and short-term investments | THB 528.7m | THB 551.3m | THB 706.6m | THB 542.2m | THB 446.5m | THB 841.4m | THB 411.8m | THB 646.8m | THB 511.6m | THB 290.9m |
| Total liabilities | THB 6.17bn | THB 4.71bn | THB 4.11bn | THB 3.73bn | THB 3.45bn | THB 3.71bn | THB 2.58bn | THB 3.52bn | THB 4.21bn | THB 3.23bn |
| Debt | THB 3.05bn | THB 2.18bn | THB 1.59bn | THB 1.00bn | THB 1.48bn | THB 1.46bn | THB 1.13bn | THB 1.75bn | THB 1.95bn | THB 1.33bn |
| Shareholders' equity | THB 2.68bn | THB 2.51bn | THB 2.53bn | THB 2.48bn | THB 2.39bn | THB 2.28bn | THB 2.28bn | THB 2.18bn | THB 2.11bn | THB 1.93bn |
| Shares outstanding | 947m | 947m | 947m | 947m | 947m | 947m | 947m | 947m | 947m | 947m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −THB 474.1m | −THB 497.7m | −THB 227.0m | THB 736.9m | −THB 314.7m | THB 279.2m | THB 448.7m | THB 373.3m | −THB 313.7m | −THB 293.9m |
| Capital spending | −THB 54.4m | −THB 34.6m | −THB 120.7m | −THB 42.1m | −THB 63.3m | −THB 53.5m | −THB 98.9m | −THB 32.9m | −THB 58.3m | −THB 32.5m |
| Free cash flow | −THB 528.4m | −THB 532.3m | −THB 347.7m | THB 694.7m | −THB 378.0m | THB 225.7m | THB 349.9m | THB 340.4m | −THB 372.1m | −THB 326.3m |
| Dividends paid | −THB 45.6m | −THB 40.2m | −THB 67.2m | −THB 54.9m | −THB 47.4m | −THB 37.9m | −THB 28.4m | −THB 43.6m | −THB 13.3m | −THB 53.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 4.80bn | THB 3.39bn | THB 2.25bn | THB 2.34bn | THB 2.10bn | THB 2.04bn | THB 2.49bn | THB 2.11bn |
| Gross profit | THB 304.0m | THB 262.3m | THB 230.6m | THB 204.8m | THB 192.6m | THB 195.9m | THB 215.4m | THB 195.7m |
| Operating income | THB 109.8m | THB 34.4m | THB 136.8m | THB 77.6m | THB 47.9m | THB 63.7m | THB 87.3m | THB 47.7m |
| Net income | THB 104.2m | THB 88.3m | THB 71.6m | THB 61.0m | THB 36.3m | THB 48.8m | THB 66.9m | −THB 97.6m |
| Diluted earnings per share | 0.11 | 0.09 | 0.08 | 0.06 | 0.04 | 0.05 | 0.07 | -0.10 |
| Cash from operations | −THB 444.0m | −THB 462.0m | −THB 132.0m | THB 121.0m | −THB 311.0m | −THB 183.0m | THB 35.0m | −THB 75.0m |
| Capital spending | −THB 28.0m | −THB 16.0m | −THB 9.0m | −THB 9.0m | −THB 24.0m | −THB 19.0m | −THB 12.0m | −THB 4.0m |
| Free cash flow | −THB 472.0m | −THB 478.0m | −THB 141.0m | THB 112.0m | −THB 335.0m | −THB 202.0m | THB 23.0m | −THB 79.0m |
| Total assets | THB 11.62bn | THB 11.30bn | THB 8.85bn | THB 8.00bn | THB 8.01bn | THB 7.59bn | THB 7.22bn | THB 7.37bn |
| Cash and short-term investments | — | THB 651.5m | THB 528.7m | THB 535.6m | THB 477.3m | THB 459.6m | THB 551.3m | THB 622.8m |
| Debt | THB 42.0m | THB 3.36bn | THB 2.69bn | THB 2.53bn | THB 2.57bn | THB 2.17bn | THB 2.02bn | THB 2.08bn |
| Shareholders' equity | THB 2.80bn | THB 2.77bn | THB 2.68bn | THB 2.61bn | THB 2.55bn | THB 2.56bn | THB 2.51bn | THB 2.44bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.1% | 8.9% | 8.9% | 10.2% | 9.6% | 9.9% |
| Operating margin | 1.3% | 1.8% | 2.4% | 3.4% | 2.8% | 2.7% |
| Net margin | 2.5% | 0.3% | 1.2% | 2.0% | 1.9% | 1.8% |
| Return on equity | 8.1% | 1.0% | 4.3% | 5.5% | 6.7% | 6.1% |
| Return on assets | 2.5% | 0.3% | 1.6% | 2.2% | 2.7% | 2.3% |
| Free cash flow yield | -22.8% | -25.2% | -5.8% | 42.4% | -13.7% | 18.1% |
| Revenue growth | 6.9% | -8.9% | 29.7% | -19.0% | 12.2% | 6.9% |
| Earnings growth | 760.5% | -76.9% | -19.8% | -14.7% | 15.1% | 12.9% |
| Current ratio | 1.10x | 1.12x | 1.06x | 1.21x | 1.08x | 1.12x |
| Debt to equity | 1.00x | 0.80x | 0.63x | 0.39x | 0.60x | 0.62x |
| Equity ratio | 30.3% | 34.8% | 38.1% | 39.9% | 41.0% | 38.1% |
| Interest coverage | 1.11x | 1.83x | 2.87x | 6.11x | 6313.36x | 5.72x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 2.8% | 2.8% |
| Operating income | -16.9% | -9.4% | -2.8% |
| Net income | 16.8% | 9.4% | 5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.0% | 9.2% | 9.4% | 9.7% |
| Operating margin | 1.6% | 2.1% | 2.3% | 2.1% |
| Net margin | 1.4% | 1.5% | 1.6% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.8 | 44.6 | 16.6 | 17.2 | 17.2 | 8.1 | 7.6 | 9.9 | 9.9 | 18.4 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 12 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.048 | 0.043 | 0.071 | 0.058 | 0.05 | 0.04 | 0.03 |
- 10-for-1 split · 11 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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