13.10
+1.55%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 195.67bn
FY2016FY2025
Net income
THB 9.24bn
FY2016FY2025
Free cash flow
THB 58.47bn
FY2016FY2025
Shareholders' equity
THB 75.49bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 195.67bn | THB 206.02bn | THB 202.89bn | THB 135.08bn | THB 143.66bn | THB 138.21bn | THB 140.94bn | THB 161.82bn | THB 141.29bn | THB 124.72bn |
| Operating income | THB 36.42bn | THB 28.95bn | THB 16.92bn | −THB 737.3m | THB 14.73bn | THB 19.31bn | THB 24.77bn | THB 18.23bn | THB 6.98bn | THB 2.32bn |
| Net income | THB 9.24bn | −THB 10.97bn | −THB 17.50bn | −THB 18.29bn | −THB 1.43bn | THB 1.05bn | THB 5.64bn | THB 7.03bn | THB 2.32bn | −THB 2.81bn |
| Diluted earnings per share | 0.27 | -0.32 | -0.51 | -0.55 | -0.04 | 0.03 | 0.17 | 0.21 | 0.07 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 664.23bn | THB 675.48bn | THB 744.72bn | THB 618.10bn | THB 624.91bn | THB 617.55bn | THB 523.99bn | THB 495.57bn | THB 465.31bn | THB 448.96bn |
| Cash and short-term investments | THB 17.93bn | THB 26.83bn | THB 33.78bn | THB 27.01bn | THB 22.59bn | THB 24.43bn | THB 49.41bn | THB 20.67bn | THB 18.23bn | THB 50.69bn |
| Total liabilities | THB 589.08bn | THB 601.30bn | THB 658.58bn | THB 556.69bn | THB 543.10bn | THB 531.93bn | THB 397.97bn | THB 361.69bn | THB 331.11bn | THB 317.23bn |
| Debt | THB 433.65bn | THB 435.97bn | THB 477.52bn | THB 478.62bn | THB 449.86bn | THB 349.40bn | THB 212.73bn | THB 155.32bn | THB 127.45bn | THB 118.72bn |
| Shareholders' equity | THB 75.49bn | THB 73.89bn | THB 85.78bn | THB 60.98bn | THB 81.36bn | THB 85.09bn | THB 125.37bn | THB 133.29bn | THB 133.53bn | THB 131.05bn |
| Shares outstanding | 34,552m | 34,552m | 34,552m | 33,368m | 33,447m | 33,362m | 33,368m | 33,368m | 33,368m | 29,263m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 84.09bn | THB 78.45bn | THB 62.60bn | THB 35.22bn | THB 35.46bn | THB 44.12bn | THB 14.42bn | THB 37.93bn | THB 4.99bn | THB 8.10bn |
| Capital spending | −THB 25.63bn | −THB 45.29bn | −THB 28.71bn | −THB 56.11bn | −THB 58.85bn | −THB 74.85bn | −THB 46.41bn | −THB 69.81bn | −THB 47.58bn | −THB 46.99bn |
| Free cash flow | THB 58.47bn | THB 33.15bn | THB 33.88bn | −THB 20.88bn | −THB 23.40bn | −THB 30.73bn | −THB 31.99bn | −THB 31.88bn | −THB 42.59bn | −THB 38.89bn |
| Dividends paid | −THB 6.56bn | — | — | −THB 2.33bn | −THB 2.33bn | −THB 3.00bn | −THB 3.00bn | −THB 1.03bn | −THB 1.03bn | −THB 164.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 45.90bn | THB 46.39bn | THB 47.41bn | THB 47.23bn | THB 49.60bn | THB 51.44bn | THB 52.74bn | THB 50.84bn |
| Operating income | THB 10.88bn | THB 11.18bn | THB 7.21bn | THB 9.10bn | THB 8.39bn | THB 8.62bn | THB 8.00bn | THB 7.79bn |
| Net income | THB 6.55bn | THB 6.59bn | THB 4.00bn | THB 1.57bn | THB 2.03bn | THB 1.63bn | −THB 7.51bn | −THB 810.2m |
| Diluted earnings per share | 0.19 | 0.19 | 0.12 | 0.05 | 0.06 | 0.05 | -0.22 | -0.02 |
| Cash from operations | THB 17.25bn | THB 24.29bn | THB 25.23bn | THB 20.35bn | THB 16.32bn | THB 21.16bn | THB 18.83bn | THB 20.57bn |
| Capital spending | −THB 7.41bn | −THB 16.84bn | −THB 6.18bn | −THB 6.34bn | −THB 6.41bn | −THB 22.41bn | −THB 11.32bn | −THB 6.22bn |
| Free cash flow | THB 9.84bn | THB 7.45bn | THB 19.05bn | THB 14.01bn | THB 9.92bn | −THB 1.25bn | THB 7.51bn | THB 14.35bn |
| Total assets | THB 642.95bn | THB 653.92bn | THB 664.23bn | THB 676.65bn | THB 637.15bn | THB 650.00bn | THB 675.48bn | THB 683.30bn |
| Cash and short-term investments | — | THB 17.50bn | THB 17.93bn | THB 20.10bn | THB 13.84bn | THB 14.25bn | THB 26.83bn | THB 16.93bn |
| Debt | THB 244.22bn | THB 341.32bn | THB 343.60bn | THB 80.28bn | THB 342.37bn | THB 350.17bn | THB 355.74bn | THB 352.33bn |
| Shareholders' equity | THB 79.41bn | THB 82.48bn | THB 75.49bn | THB 78.27bn | THB 76.88bn | THB 75.16bn | THB 73.89bn | THB 82.19bn |
Financial ratios
Data as of 1 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 13.9% | 14.1% | 9.2% | -0.5% | 10.3% | 14.0% | — | — |
| Net margin | 4.7% | -5.3% | -8.6% | -13.5% | -1.0% | 0.8% | — | — |
| Return on equity | 12.2% | -14.8% | -20.4% | -30.0% | -1.8% | 1.2% | — | — |
| Return on assets | 1.4% | -1.6% | -2.3% | -3.0% | -0.2% | 0.2% | — | — |
| Free cash flow yield | 24.4% | 27.5% | 20.3% | 21.1% | 21.7% | 27.4% | — | — |
| Revenue growth | -5.0% | 1.5% | 50.2% | -6.0% | 3.9% | -1.9% | — | — |
| Earnings growth | -184.3% | -37.3% | -4.3% | 1180.1% | -236.2% | -81.4% | — | — |
| Current ratio | 0.41x | 0.45x | 0.54x | 0.52x | 0.58x | 0.59x | — | — |
| Debt to equity | 4.55x | 4.81x | 4.47x | 5.00x | 3.28x | 2.77x | — | — |
| Equity ratio | 11.4% | 10.9% | 11.5% | 9.9% | 13.0% | 13.8% | — | — |
| Interest coverage | 1.32x | 1.27x | 0.91x | -0.04x | 0.91x | 1.23x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.5% | 0.8% |
| Buybacks as a share of market value | 0.0% | -0.0% | -3.5% | 0.2% | -0.3% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 7.2% | 5.1% |
| Operating income | — | 13.5% | 16.6% |
| Net income | — | 54.5% | 7.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.3% | 11.0% | 11.3% | 10.3% |
| Net margin | -0.4% | -5.1% | -3.7% | -1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 40.8 | -35.0 | -10.0 | -8.8 | -111.9 | 109.5 | 27.2 | 24.7 | 89.1 | -74.3 |
| Price to sales | 1.9 | 1.9 | 0.9 | 1.2 | 1.1 | 0.8 | 1.1 | 1.1 | 1.5 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.19 | 0.07 | 0.07 | 0.09 | 0.09 | 0.031 | 0.007 |
- 1.011-for-1 split · 19 Apr 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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