24.00
—
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 1.61bn
FY2016FY2025
Net income
−THB 40.4m
FY2016FY2025
Free cash flow
THB 6.7m
FY2016FY2025
Shareholders' equity
THB 2.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.61bn | THB 1.79bn | THB 2.13bn | THB 2.80bn | THB 2.21bn | THB 1.90bn | THB 3.00bn | THB 3.87bn | THB 3.50bn | THB 3.77bn |
| Gross profit | THB 647,341 | −THB 36.1m | −THB 40.6m | THB 228.8m | THB 140.2m | THB 13.8m | THB 122.7m | THB 104.3m | THB 183.4m | THB 253.5m |
| Operating income | −THB 101.3m | −THB 78.3m | −THB 97.2m | THB 148.8m | THB 87.7m | −THB 88.4m | −THB 50.6m | −THB 57.8m | THB 89.8m | THB 2.6m |
| Net income | −THB 40.4m | −THB 95.9m | −THB 113.5m | THB 107.6m | THB 53.9m | −THB 94.6m | −THB 252.8m | −THB 109.6m | −THB 12.3m | −THB 24.1m |
| Diluted earnings per share | -0.81 | -1.92 | -2.27 | 2.15 | 1.07 | -2.01 | -5.02 | -2.19 | -0.25 | -0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 2.87bn | THB 3.15bn | THB 3.54bn | THB 3.74bn | THB 3.62bn | THB 4.16bn | THB 4.89bn | THB 5.66bn | THB 4.18bn | THB 3.92bn |
| Cash and short-term investments | THB 468.5m | THB 487.5m | THB 293.6m | THB 261.1m | THB 277.6m | THB 222.4m | THB 220.6m | THB 156.1m | THB 146.1m | THB 136.3m |
| Total liabilities | THB 610.7m | THB 828.0m | THB 996.0m | THB 1.09bn | THB 1.05bn | THB 1.68bn | THB 2.32bn | THB 2.82bn | THB 2.60bn | THB 2.30bn |
| Debt | THB 280.8m | THB 477.4m | THB 651.7m | THB 712.1m | THB 614.9m | THB 1.10bn | THB 1.61bn | THB 2.23bn | THB 2.20bn | THB 1.82bn |
| Shareholders' equity | THB 2.12bn | THB 2.18bn | THB 2.41bn | THB 2.50bn | THB 2.42bn | THB 2.33bn | THB 2.43bn | THB 2.70bn | THB 1.48bn | THB 1.51bn |
| Shares outstanding | 50m | 50m | 50m | 50m | 50m | 47m | 50m | 50m | 50m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 57.6m | THB 280.0m | THB 207.3m | −THB 58.1m | THB 245.6m | THB 299.2m | THB 459.5m | THB 173.9m | THB 195.9m | THB 491.9m |
| Capital spending | −THB 50.9m | −THB 22.8m | −THB 91.0m | −THB 65.4m | −THB 61.1m | −THB 3.6m | −THB 83.7m | −THB 135.0m | −THB 582.8m | −THB 154.3m |
| Free cash flow | THB 6.7m | THB 257.1m | THB 116.3m | −THB 123.6m | THB 184.5m | THB 295.5m | THB 375.7m | THB 39.0m | −THB 387.0m | THB 337.6m |
| Dividends paid | −THB 24.9m | −THB 24.9m | −THB 49.8m | −THB 24.9m | −THB 45 | −THB 585 | −THB 720 | −THB 24.9m | −THB 24.9m | −THB 25.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 378.3m | THB 384.8m | THB 360.6m | THB 401.9m | THB 422.2m | THB 426.4m | THB 434.2m | THB 447.5m |
| Gross profit | THB 10.9m | THB 10.5m | THB 4.4m | −THB 12.4m | −THB 2.2m | THB 10.9m | −THB 21.4m | −THB 15.7m |
| Operating income | −THB 16.5m | −THB 15.8m | −THB 24.6m | −THB 26.9m | −THB 24.3m | THB 30.9m | −THB 19.6m | −THB 34.2m |
| Net income | −THB 13.1m | −THB 10.8m | −THB 17.7m | −THB 23.7m | −THB 21.9m | THB 22.9m | −THB 36.6m | −THB 26.0m |
| Diluted earnings per share | -0.26 | -0.22 | -0.35 | -0.47 | -0.44 | 0.46 | -0.73 | -0.52 |
| Cash from operations | THB 19.0m | THB 35.0m | THB 27.0m | −THB 48.0m | THB 54.0m | THB 29.0m | THB 76.0m | THB 137.0m |
| Capital spending | −THB 2.0m | −THB 11.0m | −THB 10.0m | −THB 30.0m | −THB 2.0m | −THB 7.0m | −THB 4.0m | −THB 2.0m |
| Free cash flow | THB 17.0m | THB 24.0m | THB 17.0m | −THB 78.0m | THB 52.0m | THB 22.0m | THB 72.0m | THB 135.0m |
| Total assets | THB 2.78bn | THB 2.85bn | THB 2.87bn | THB 2.86bn | THB 2.93bn | THB 3.05bn | THB 3.15bn | THB 3.34bn |
| Cash and short-term investments | — | THB 467.9m | THB 468.5m | THB 454.0m | THB 537.1m | THB 563.9m | THB 487.5m | THB 407.5m |
| Debt | — | THB 255.7m | THB 280.8m | THB 283.0m | THB 285.1m | THB 372.3m | THB 477.4m | THB 599.6m |
| Shareholders' equity | THB 2.07bn | THB 2.11bn | THB 2.12bn | THB 2.14bn | THB 2.16bn | THB 2.21bn | THB 2.18bn | THB 2.28bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.0% | -2.0% | -1.9% | 8.2% | 6.3% | 0.7% |
| Operating margin | -6.3% | -4.4% | -4.6% | 5.7% | 4.0% | -3.7% |
| Net margin | -2.5% | -5.3% | -5.3% | 3.8% | 2.4% | -5.0% |
| Return on equity | -1.9% | -4.4% | -4.7% | 4.3% | 2.2% | -4.1% |
| Return on assets | -1.4% | -3.0% | -3.2% | 2.9% | 1.5% | -2.3% |
| Free cash flow yield | 9.0% | 25.2% | 24.9% | 0.6% | 25.4% | 26.8% |
| Revenue growth | -10.2% | -15.9% | -23.9% | 26.7% | 16.1% | -36.5% |
| Earnings growth | -57.9% | -15.6% | -205.5% | 99.6% | -157.0% | -62.6% |
| Current ratio | 3.24x | 2.47x | 1.88x | 1.87x | 1.62x | 1.15x |
| Debt to equity | 0.13x | 0.22x | 0.27x | 0.28x | 0.25x | 0.47x |
| Equity ratio | 73.8% | 69.4% | 68.0% | 66.8% | 66.9% | 56.1% |
| Interest coverage | -8.39x | -3.81x | -4.28x | 6.47x | 3.76x | -1.46x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.5% | -6.7% | 6.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.8% | -3.3% | -8.6% |
| Operating income | — | 2.8% | — |
| Net income | — | -15.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -1.0% | 1.8% | 2.5% | 4.3% |
| Operating margin | -5.3% | -1.5% | -1.0% | -0.4% |
| Net margin | -4.0% | -1.7% | -1.5% | -1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -32.2 | -13.2 | -12.1 | 13.9 | 24.9 | -9.2 | -3.7 | -12.1 | -117.4 | -54.6 |
| Price to sales | 0.8 | 0.7 | 0.7 | 0.5 | 0.6 | 0.5 | 0.3 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 12 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.50 | 0.50 | 1.00 | 0.50 | 0.50 | 0.50 | 0.50 |
- 10-for-1 split · 19 Sept 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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