2.40
-0.83%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 9.21bn
FY2016FY2025
Net income
THB 155.9m
FY2016FY2025
Free cash flow
THB 525.8m
FY2016FY2025
Shareholders' equity
THB 4.82bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 9.21bn | THB 10.04bn | THB 10.23bn | THB 10.42bn | THB 9.11bn | THB 7.09bn | THB 7.32bn | THB 7.25bn | THB 6.27bn | THB 6.16bn |
| Gross profit | THB 1.87bn | THB 1.51bn | THB 1.54bn | THB 1.86bn | THB 1.80bn | THB 1.11bn | THB 1.19bn | THB 1.18bn | THB 1.38bn | THB 1.56bn |
| Operating income | THB 300.8m | THB 29.5m | THB 117.0m | THB 423.9m | THB 493.2m | THB 56.3m | THB 128.4m | THB 225.4m | THB 655.5m | THB 905.7m |
| Net income | THB 155.9m | −THB 71.4m | THB 47.3m | THB 298.2m | THB 323.0m | THB 38.3m | THB 93.9m | THB 196.9m | THB 492.9m | THB 669.0m |
| Diluted earnings per share | 0.18 | -0.08 | 0.05 | 0.34 | 0.37 | 0.04 | 0.11 | 0.22 | 0.56 | 0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 8.11bn | THB 8.52bn | THB 9.40bn | THB 8.72bn | THB 8.60bn | THB 8.12bn | THB 7.87bn | THB 7.07bn | THB 7.12bn | THB 6.40bn |
| Cash and short-term investments | THB 1.02bn | THB 1.02bn | THB 1.23bn | THB 1.22bn | THB 1.43bn | THB 1.47bn | THB 1.24bn | THB 1.29bn | THB 1.29bn | THB 1.33bn |
| Total liabilities | THB 2.55bn | THB 3.36bn | THB 4.01bn | THB 3.08bn | THB 3.07bn | THB 2.91bn | THB 2.57bn | THB 1.21bn | THB 1.21bn | THB 1.06bn |
| Debt | THB 1.29bn | THB 2.13bn | THB 2.74bn | THB 1.78bn | THB 1.74bn | THB 1.77bn | THB 1.45bn | THB 235.2m | THB 204.9m | THB 184.8m |
| Shareholders' equity | THB 4.82bn | THB 4.83bn | THB 5.05bn | THB 5.27bn | THB 5.16bn | THB 4.89bn | THB 5.02bn | THB 5.30bn | THB 5.35bn | THB 5.10bn |
| Shares outstanding | 880m | 880m | 880m | 880m | 880m | 880m | 880m | 880m | 880m | 880m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 867.9m | THB 1.08bn | THB 21.2m | THB 677.0m | THB 441.6m | THB 571.2m | THB 466.0m | THB 205.2m | THB 654.6m | THB 670.8m |
| Capital spending | −THB 342.0m | −THB 430.2m | −THB 642.3m | −THB 526.3m | −THB 314.8m | −THB 244.1m | −THB 1.23bn | −THB 508.4m | −THB 454.4m | −THB 408.3m |
| Free cash flow | THB 525.8m | THB 648.7m | −THB 621.1m | THB 150.7m | THB 126.8m | THB 327.2m | −THB 763.5m | −THB 303.2m | THB 200.2m | THB 262.5m |
| Dividends paid | −THB 50.1m | −THB 80.0m | −THB 189.8m | −THB 189.9m | −THB 117.9m | −THB 117.8m | −THB 282.7m | −THB 281.6m | −THB 184.7m | −THB 316.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.34bn | THB 2.42bn | THB 2.34bn | THB 2.27bn | THB 2.30bn | THB 2.30bn | THB 2.61bn | THB 2.41bn |
| Gross profit | THB 388.0m | THB 513.2m | THB 376.6m | THB 449.2m | THB 487.2m | THB 561.9m | THB 455.5m | THB 269.2m |
| Operating income | THB 21.3m | THB 150.0m | THB 21.3m | THB 62.3m | THB 96.1m | THB 155.3m | THB 45.9m | −THB 97.2m |
| Net income | THB 18.1m | THB 121.2m | −THB 98,974 | THB 17.7m | THB 67.6m | THB 70.7m | −THB 3.7m | −THB 73.5m |
| Diluted earnings per share | 0.02 | 0.14 | -0.00 | 0.02 | 0.08 | 0.08 | -0.00 | -0.08 |
| Cash from operations | −THB 7.0m | −THB 117.0m | THB 259.0m | THB 211.0m | THB 401.0m | THB 31.0m | THB 149.0m | THB 803.0m |
| Capital spending | −THB 243.0m | −THB 172.0m | −THB 130.0m | −THB 103.0m | −THB 59.0m | −THB 55.0m | −THB 115.0m | −THB 74.0m |
| Free cash flow | −THB 250.0m | −THB 289.0m | THB 129.0m | THB 108.0m | THB 342.0m | −THB 24.0m | THB 34.0m | THB 729.0m |
| Total assets | THB 9.08bn | THB 8.80bn | THB 8.11bn | THB 8.41bn | THB 8.47bn | THB 8.79bn | THB 8.52bn | THB 8.43bn |
| Cash and short-term investments | THB 1.12bn | THB 1.08bn | THB 1.02bn | THB 1.13bn | THB 1.09bn | THB 1.07bn | THB 1.02bn | THB 995.0m |
| Debt | THB 1.98bn | THB 1.57bn | THB 1.27bn | THB 1.45bn | THB 1.52bn | THB 1.67bn | THB 2.04bn | THB 2.03bn |
| Shareholders' equity | THB 4.90bn | THB 4.98bn | THB 4.82bn | THB 4.85bn | THB 4.86bn | THB 4.92bn | THB 4.83bn | THB 4.80bn |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.4% | 15.0% | 15.1% | 17.8% | 19.7% | 15.7% |
| Operating margin | 2.7% | 0.3% | 1.1% | 4.1% | 5.4% | 1.6% |
| Net margin | 1.7% | -0.7% | 0.5% | 2.9% | 3.5% | 0.5% |
| Return on equity | 3.2% | -1.5% | 0.9% | 5.7% | 6.3% | 0.8% |
| Return on assets | 1.9% | -0.8% | 0.5% | 3.4% | 3.8% | 0.5% |
| Free cash flow yield | 54.1% | 67.5% | 29.7% | 53.8% | 33.8% | 36.5% |
| Revenue growth | -8.3% | -1.9% | -1.8% | 14.4% | 28.4% | -3.2% |
| Earnings growth | -318.4% | -251.1% | -84.2% | -7.7% | 744.2% | -59.2% |
| Current ratio | 2.19x | 1.80x | 1.77x | 2.57x | 1.82x | 3.51x |
| Debt to equity | 0.26x | 0.42x | 0.52x | 0.31x | 0.31x | 0.32x |
| Equity ratio | 59.4% | 56.7% | 53.7% | 60.4% | 60.0% | 60.3% |
| Interest coverage | 4.51x | 0.32x | 1.51x | 7.06x | 7.38x | 1.65x |
| 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 | -4.0% | 5.4% | 20.8% |
| Operating income | -10.8% | 39.8% | 9.6% |
| Net income | -19.4% | 32.4% | 6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.6% | 17.0% | 17.3% | 18.1% |
| Operating margin | 1.7% | 2.2% | 2.5% | 4.1% |
| Net margin | 0.4% | 1.1% | 1.4% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | -32.8 | 74.2 | 15.3 | 15.1 | 88.8 | 39.2 | 37.1 | 16.7 | 12.3 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.4 | 0.5 | 0.5 | 0.5 | 1.0 | 1.3 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 28 Apr 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.057 | 0.091 | 0.216 | 0.216 | 0.134 | 0.134 | 0.32 | 0.32 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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