0.83
+1.22%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 14.17bn
FY2016FY2025
Net income
−THB 45.0m
FY2016FY2025
Free cash flow
THB 2.63bn
FY2016FY2025
Shareholders' equity
THB 10.71bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 14.17bn | THB 15.63bn | THB 16.72bn | THB 15.14bn | THB 3.11bn | THB 4.28bn | THB 19.01bn | THB 20.87bn | THB 13.56bn | THB 16.22bn |
| Gross profit | THB 2.20bn | THB 2.48bn | THB 2.52bn | THB 2.10bn | THB 384.2m | THB 798.8m | THB 5.41bn | THB 6.24bn | THB 4.03bn | THB 4.26bn |
| Operating income | THB 758.4m | THB 1.15bn | THB 1.76bn | THB 64.9m | THB 52.6m | THB 126.0m | THB 2.50bn | THB 3.01bn | THB 1.89bn | THB 1.94bn |
| Net income | −THB 45.0m | THB 22.2m | THB 515.8m | THB 37.2m | THB 5.4m | THB 38.9m | THB 2.57bn | THB 1.01bn | THB 838.4m | THB 1.08bn |
| Diluted earnings per share | -0.02 | 0.01 | 0.27 | 0.02 | 0.00 | 0.02 | 1.38 | 0.53 | 0.44 | 0.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 36.68bn | THB 38.67bn | THB 41.02bn | THB 39.63bn | THB 16.95bn | THB 17.79bn | THB 19.54bn | THB 51.79bn | THB 41.65bn | THB 39.04bn |
| Cash and short-term investments | THB 4.01bn | THB 1.32bn | THB 824.8m | THB 738.4m | THB 2.31bn | THB 2.87bn | THB 4.24bn | THB 1.44bn | THB 1.65bn | THB 851.8m |
| Total liabilities | THB 22.02bn | THB 23.93bn | THB 26.11bn | THB 26.13bn | THB 6.45bn | THB 8.51bn | THB 8.39bn | THB 31.91bn | THB 23.37bn | THB 21.52bn |
| Debt | THB 17.05bn | THB 18.63bn | THB 21.18bn | THB 22.03bn | THB 5.25bn | THB 4.45bn | THB 3.87bn | THB 16.64bn | THB 8.81bn | THB 6.50bn |
| Shareholders' equity | THB 10.71bn | THB 10.98bn | THB 11.19bn | THB 10.79bn | THB 10.47bn | THB 9.23bn | THB 11.07bn | THB 10.17bn | THB 9.58bn | THB 9.13bn |
| Shares outstanding | 1,912m | 1,901m | 1,912m | 1,912m | 1,906m | 1,895m | 1,862m | 1,912m | 1,912m | 1,912m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 2.92bn | THB 3.72bn | THB 4.00bn | THB 1.56bn | −THB 1.02bn | THB 60.4m | −THB 8.19bn | −THB 5.66bn | −THB 78.2m | THB 8.13bn |
| Capital spending | −THB 289.9m | −THB 320.1m | −THB 617.5m | −THB 397.2m | −THB 119.4m | −THB 79.1m | −THB 377.0m | −THB 586.8m | −THB 156.8m | −THB 1.05bn |
| Free cash flow | THB 2.63bn | THB 3.40bn | THB 3.38bn | THB 1.16bn | −THB 1.14bn | −THB 18.8m | −THB 8.57bn | −THB 6.24bn | −THB 235.0m | THB 7.08bn |
| Dividends paid | −THB 172.1m | −THB 172.1m | −THB 86.0m | −THB 30.6m | −THB 38.2m | −THB 1.91bn | −THB 497.1m | −THB 420.6m | −THB 382.4m | −THB 210.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 3.57bn | THB 3.13bn | THB 3.15bn | THB 3.53bn | THB 3.42bn | THB 3.56bn | THB 3.65bn | THB 4.05bn |
| Gross profit | THB 491.6m | THB 510.5m | THB 519.8m | THB 511.7m | THB 529.5m | THB 551.3m | THB 601.6m | THB 670.4m |
| Operating income | — | THB 223.9m | THB 232.8m | THB 234.8m | THB 214.3m | THB 202.5m | THB 502.0m | THB 848.1m |
| Net income | −THB 21.4m | −THB 11.6m | −THB 21.7m | −THB 33.5m | −THB 37.6m | −THB 51.8m | THB 77.9m | −THB 43.6m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.03 | 0.04 | -0.02 |
| Cash from operations | THB 522.0m | THB 499.0m | THB 635.0m | THB 908.0m | THB 661.0m | THB 961.0m | THB 926.0m | THB 1.08bn |
| Capital spending | −THB 80.0m | −THB 114.0m | −THB 32.0m | −THB 61.0m | −THB 55.0m | −THB 66.0m | −THB 116.0m | −THB 160.0m |
| Free cash flow | THB 442.0m | THB 385.0m | THB 603.0m | THB 847.0m | THB 606.0m | THB 895.0m | THB 810.0m | THB 923.0m |
| Total assets | THB 36.18bn | THB 36.16bn | THB 36.52bn | THB 36.68bn | THB 37.38bn | THB 37.62bn | THB 38.60bn | THB 38.67bn |
| Cash and short-term investments | — | THB 4.66bn | THB 4.59bn | THB 4.01bn | THB 1.07bn | THB 902.2m | THB 1.24bn | THB 1.32bn |
| Debt | THB 6.77bn | THB 15.70bn | THB 16.01bn | THB 16.06bn | THB 16.72bn | THB 16.85bn | THB 17.59bn | THB 17.63bn |
| Shareholders' equity | THB 10.68bn | THB 10.70bn | THB 10.70bn | THB 10.71bn | THB 10.76bn | THB 10.81bn | THB 11.06bn | THB 10.98bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.5% | 15.9% | 15.1% | 13.9% | 12.3% | 18.7% |
| Operating margin | 8.3% | 7.6% | 10.6% | 3.8% | 1.6% | 4.5% |
| Net margin | -0.3% | 0.1% | 3.1% | 0.2% | 0.2% | 0.9% |
| Return on equity | -0.4% | 0.2% | 4.6% | 0.3% | 0.1% | 0.4% |
| Return on assets | -0.1% | 0.1% | 1.3% | 0.1% | 0.0% | 0.2% |
| Free cash flow yield | 200.1% | 253.2% | 287.4% | 121.7% | -56.4% | 8.8% |
| Revenue growth | -9.3% | -6.5% | 10.5% | 386.7% | -27.2% | -77.5% |
| Earnings growth | -302.9% | -95.7% | 1286.3% | 589.9% | -86.1% | -98.5% |
| Current ratio | 1.11x | 1.32x | 1.42x | 1.57x | 3.03x | 3.76x |
| Debt to equity | 1.50x | 1.60x | 1.80x | 1.96x | 0.46x | 0.48x |
| Equity ratio | 29.2% | 28.4% | 27.3% | 27.2% | 61.7% | 51.8% |
| Interest coverage | 1.44x | 1.22x | 1.93x | 0.86x | 0.12x | 2.62x |
| Buybacks as a share of market value | -0.6% | 0.6% | 0.0% | -0.3% | -0.6% | -1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.2% | 27.1% | 0.7% |
| Operating income | 126.9% | 43.2% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.7% | 15.1% | 15.2% | 22.6% |
| Operating margin | 6.4% | 6.1% | 5.7% | 9.8% |
| Net margin | -0.1% | 0.9% | 0.8% | 4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -36.1 | 127.7 | 7.8 | 151.1 | — | 143.3 | 4.7 | 11.6 | 20.6 | 11.1 |
| Price to sales | 0.1 | 0.2 | 0.2 | 0.4 | 2.3 | 1.3 | 0.6 | 0.6 | 1.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Dec 2024.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.09 | 0.045 | 0.016 | 0.02 | 0.01 | 0.26 | 0.22 |
- 10-for-1 split · 20 Nov 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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