2.54
-0.78%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 10.92bn
FY2016FY2025
Net income
THB 983.9m
FY2016FY2025
Free cash flow
THB 3.48bn
FY2016FY2025
Shareholders' equity
THB 9.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 10.92bn | THB 10.35bn | THB 10.38bn | THB 10.32bn | THB 10.94bn | THB 10.80bn | THB 12.04bn | THB 12.92bn | THB 12.59bn | THB 12.56bn |
| Gross profit | THB 2.38bn | THB 2.21bn | THB 2.19bn | THB 978.6m | THB 1.59bn | THB 1.83bn | THB 2.48bn | THB 2.51bn | THB 2.42bn | THB 2.11bn |
| Operating income | THB 1.56bn | THB 1.62bn | THB 1.43bn | THB 287.2m | THB 849.7m | THB 657.7m | THB 1.72bn | THB 1.56bn | THB 1.57bn | THB 1.48bn |
| Net income | THB 983.9m | THB 183.0m | THB 127.0m | THB 41.2m | THB 27.8m | THB 220.6m | THB 729.9m | THB 796.6m | THB 890.1m | THB 883.4m |
| Diluted earnings per share | 0.91 | 0.17 | 0.12 | 0.04 | 0.03 | 0.20 | 0.68 | 0.74 | 0.82 | 0.82 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 44.44bn | THB 46.55bn | THB 45.57bn | THB 45.04bn | THB 41.36bn | THB 33.56bn | THB 32.82bn | THB 29.34bn | THB 27.57bn | THB 23.74bn |
| Cash and short-term investments | THB 2.52bn | THB 1.86bn | THB 2.86bn | THB 4.10bn | THB 3.78bn | THB 384.0m | THB 314.0m | THB 455.7m | THB 268.8m | THB 754.9m |
| Total liabilities | THB 35.18bn | THB 38.20bn | THB 37.33bn | THB 36.92bn | THB 33.30bn | THB 25.52bn | THB 24.68bn | THB 21.60bn | THB 20.27bn | THB 16.99bn |
| Debt | THB 21.09bn | THB 23.78bn | THB 22.78bn | THB 21.77bn | THB 19.65bn | THB 15.54bn | THB 11.36bn | THB 9.23bn | THB 11.92bn | THB 6.21bn |
| Shareholders' equity | THB 9.25bn | THB 8.36bn | THB 8.24bn | THB 8.12bn | THB 8.06bn | THB 8.05bn | THB 8.15bn | THB 7.74bn | THB 7.30bn | THB 6.75bn |
| Shares outstanding | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m | 1,081m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 5.02bn | THB 304.3m | −THB 759.8m | −THB 2.08bn | THB 647.4m | THB 414.4m | THB 121.9m | THB 818.1m | −THB 206.3m | THB 2.19bn |
| Capital spending | −THB 1.54bn | −THB 794.8m | −THB 192.6m | −THB 330.5m | −THB 76.6m | −THB 3.33bn | −THB 1.78bn | −THB 408.9m | −THB 428.0m | −THB 891.5m |
| Free cash flow | THB 3.48bn | −THB 490.5m | −THB 952.4m | −THB 2.41bn | THB 570.8m | −THB 2.92bn | −THB 1.66bn | THB 409.2m | −THB 634.3m | THB 1.30bn |
| Dividends paid | −THB 75.7m | −THB 54.0m | — | −THB 3,000 | −THB 4,176 | −THB 291.9m | −THB 324.9m | −THB 356.2m | −THB 356.4m | −THB 291.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 2.76bn | THB 2.60bn | THB 2.80bn | THB 2.79bn | THB 3.06bn | THB 2.27bn | THB 2.55bn | THB 2.86bn |
| Gross profit | THB 661.9m | THB 551.3m | THB 738.8m | THB 594.3m | THB 417.2m | THB 512.0m | THB 492.8m | THB 580.7m |
| Operating income | — | THB 361.8m | THB 491.4m | THB 425.9m | THB 1.22bn | THB 372.7m | THB 433.5m | THB 407.0m |
| Net income | THB 40.2m | THB 31.6m | THB 50.7m | THB 53.7m | THB 845.4m | THB 34.2m | THB 54.6m | THB 54.2m |
| Diluted earnings per share | 0.04 | 0.03 | 0.05 | 0.05 | 0.78 | 0.03 | 0.05 | 0.05 |
| Cash from operations | −THB 50.0m | −THB 2.07bn | −THB 220.0m | THB 1.18bn | THB 2.98bn | THB 1.20bn | THB 440.0m | −THB 298.0m |
| Capital spending | −THB 705.0m | −THB 155.0m | −THB 175.0m | −THB 242.0m | −THB 364.0m | −THB 757.0m | −THB 307.0m | −THB 322.0m |
| Free cash flow | −THB 755.0m | −THB 2.23bn | −THB 395.0m | THB 935.0m | THB 2.62bn | THB 445.0m | THB 133.0m | −THB 620.0m |
| Total assets | THB 45.93bn | THB 44.43bn | THB 44.44bn | THB 42.91bn | THB 45.70bn | THB 46.03bn | THB 46.55bn | THB 46.05bn |
| Cash and short-term investments | — | THB 915.3m | THB 2.52bn | THB 1.35bn | THB 3.22bn | THB 1.39bn | THB 1.86bn | THB 2.09bn |
| Debt | THB 4.06bn | THB 21.58bn | THB 25.72bn | THB 19.31bn | THB 21.76bn | THB 22.92bn | THB 23.52bn | THB 23.54bn |
| Shareholders' equity | THB 9.24bn | THB 9.29bn | THB 9.25bn | THB 9.21bn | THB 9.16bn | THB 8.39bn | THB 8.36bn | THB 8.31bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.8% | 21.4% | 21.1% | 9.5% | 14.5% | 17.0% |
| Operating margin | 14.3% | 15.6% | 13.8% | 11.9% | 7.8% | 6.1% |
| Net margin | 9.0% | 1.8% | 1.2% | 0.4% | 0.3% | 2.0% |
| Return on equity | 10.6% | 2.2% | 1.5% | 0.5% | 0.3% | 2.7% |
| Return on assets | 2.2% | 0.4% | 0.3% | 0.1% | 0.1% | 0.7% |
| Free cash flow yield | 235.2% | 39.4% | -20.3% | -62.6% | 26.0% | 134.4% |
| Revenue growth | 5.5% | -0.2% | 0.5% | -5.6% | 1.3% | -10.3% |
| Earnings growth | 437.6% | 44.1% | 208.3% | 48.3% | -87.4% | -69.8% |
| Current ratio | 1.18x | 1.22x | 1.27x | 1.22x | 1.21x | 1.21x |
| Debt to equity | 2.26x | 2.82x | 2.74x | 2.66x | 2.41x | 1.88x |
| Equity ratio | 20.8% | 17.9% | 18.1% | 18.0% | 19.5% | 24.0% |
| Interest coverage | 1.25x | 1.20x | 1.18x | 1.24x | 1.04x | 0.84x |
| 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 | 1.9% | 0.2% | 0.8% |
| Operating income | 75.8% | 18.9% | 5.7% |
| Net income | 188.0% | 34.9% | 3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.6% | 18.5% | 17.6% | 18.2% |
| Operating margin | 14.9% | 11.7% | 10.0% | 11.0% |
| Net margin | 5.5% | 3.2% | 2.5% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.0 | 15.4 | 24.5 | 121.7 | 252.9 | 22.6 | 10.7 | 13.0 | 19.8 | 24.2 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.5 | 0.6 | 0.5 | 0.7 | 0.8 | 1.4 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 14 Mar 2025.
| FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.05 | 0.27 | 0.30 | 0.33 | 0.33 | 0.27 | 0.19 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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