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Varopakorn PCL VARO.BK · THB

Materials · SET · 🇹🇭 Thailand

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5.30

-0.93%

Close of 9 Nov 2026, in THB

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in THB, from our data supplier.

FY2025

Revenue

THB 2.78bn

FY2016FY2025

Net income

THB 69.5m

FY2016FY2025

Free cash flow

THB 254.2m

FY2016FY2025

Shareholders' equity

THB 1.00bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTHB 2.78bnTHB 2.98bnTHB 2.51bnTHB 3.75bnTHB 2.58bnTHB 1.02bnTHB 1.57bnTHB 1.80bnTHB 1.56bnTHB 1.46bn
Gross profitTHB 187.7mTHB 244.3mTHB 35.2mTHB 96.6mTHB 117.1m−THB 75.5m−THB 69.5mTHB 84.6mTHB 99.2mTHB 104.5m
Operating incomeTHB 95.4mTHB 185.2m−THB 56.4mTHB 8.5mTHB 39.3m−THB 123.5m−THB 161.6mTHB 48.4mTHB 17.1mTHB 38.1m
Net incomeTHB 69.5mTHB 130.4m−THB 108.5m−THB 58.8mTHB 3.9m−THB 138.2m−THB 148.9mTHB 27.6mTHB 11.7mTHB 18.5m
Diluted earnings per share0.701.31-1.09-0.590.04-1.29-1.490.280.120.18

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTHB 2.19bnTHB 2.51bnTHB 2.10bnTHB 2.34bnTHB 2.84bnTHB 1.65bnTHB 1.72bnTHB 1.89bnTHB 1.89bnTHB 1.71bn
Cash and short-term investmentsTHB 28.3mTHB 72.2mTHB 1.3mTHB 44.9mTHB 10.1mTHB 6.3mTHB 5.2mTHB 3.4mTHB 4.6mTHB 637,000
Total liabilitiesTHB 1.19bnTHB 1.60bnTHB 1.33bnTHB 1.46bnTHB 2.06bnTHB 873.1mTHB 807.2mTHB 809.2mTHB 821.9mTHB 638.2m
DebtTHB 810.0mTHB 1.11bnTHB 1.01bnTHB 1.08bnTHB 1.42bnTHB 279.4mTHB 247.1mTHB 99.5mTHB 53.4mTHB 73.0m
Shareholders' equityTHB 1.00bnTHB 902.0mTHB 771.5mTHB 878.5mTHB 780.5mTHB 776.6mTHB 913.4mTHB 1.08bnTHB 1.07bnTHB 1.07bn
Shares outstanding100m100m100m100m100m107m100m100m100m100m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTHB 273.3mTHB 10.6mTHB 64.9mTHB 392.6m−THB 656.1mTHB 4.6mTHB 106.8mTHB 61.2m−THB 45.4m−THB 72.1m
Capital spending−THB 19.2m−THB 40.7m−THB 48.0m−THB 45.3m−THB 35.4m−THB 13.3m−THB 156.0m−THB 67.6m−THB 55.1m−THB 11.0m
Free cash flowTHB 254.2m−THB 30.1mTHB 16.9mTHB 347.3m−THB 691.5m−THB 8.8m−THB 49.2m−THB 6.4m−THB 100.5m−THB 83.1m
Dividends paid—————−THB 64−THB 17.0m−THB 20.0m−THB 12.0m−THB 12.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTHB 697.1mTHB 801.5mTHB 694.3mTHB 456.4mTHB 708.4mTHB 923.3mTHB 838.7mTHB 746.4m
Gross profitTHB 87.5mTHB 81.9mTHB 55.8mTHB 8.6mTHB 29.1mTHB 90.4mTHB 73.6mTHB 53.6m
Operating incomeTHB 63.0mTHB 56.8mTHB 33.4m−THB 8.2mTHB 9.6mTHB 80.4mTHB 57.9mTHB 41.0m
Net incomeTHB 87.3mTHB 61.8mTHB 22.0m−THB 17.5m−THB 301,000THB 65.3mTHB 44.2mTHB 29.9m
Diluted earnings per share0.870.620.22-0.18-0.000.650.440.30
Cash from operationsTHB 349.0m−THB 234.0m−THB 253.0mTHB 362.0mTHB 245.0m−THB 80.0m−THB 96.0m−THB 35.0m
Capital spending−THB 24.0m−THB 6.0m−THB 8.0m−THB 3.0m−THB 3.0m−THB 5.0m−THB 5.0m−THB 16.0m
Free cash flowTHB 325.0m−THB 240.0m−THB 261.0mTHB 359.0mTHB 242.0m−THB 85.0m−THB 101.0m−THB 51.0m
Total assetsTHB 2.36bnTHB 2.41bnTHB 2.19bnTHB 1.84bnTHB 2.32bnTHB 2.62bnTHB 2.51bnTHB 2.22bn
Cash and short-term investments—THB 25.6mTHB 28.3mTHB 170.6mTHB 225.6mTHB 133.6mTHB 72.2mTHB 40.5m
Debt—THB 1.07bnTHB 809.3mTHB 688.6mTHB 1.09bnTHB 1.25bnTHB 1.11bnTHB 943.3m
Shareholders' equityTHB 1.15bnTHB 1.06bnTHB 1.00bnTHB 949.4mTHB 967.0mTHB 967.3mTHB 902.0mTHB 857.7m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.5%22.2%6.4%
Operating income124.0%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin7.5%4.7%3.9%3.7%
Operating margin4.9%1.9%1.0%0.3%
Net margin3.5%0.3%-0.7%-0.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings6.63.5-3.7-13.2121.4-2.8-4.426.860.734.6
Price to sales0.20.10.20.20.20.40.40.40.50.4

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 2 May 2019.

FY2019FY2018FY2017FY2012FY2011FY2010FY2008FY2007
Paid in the year0.170.200.120.1950.0950.1810.130.157
  • 1.025-for-1 split · 3 May 2012
  • 1.025-for-1 split · 4 May 2011
  • 21-for-20 split · 29 Apr 2010
  • 21-for-20 split · 29 Apr 2008
  • 11-for-10 split · 30 Apr 2007
  • 11-for-10 split · 26 Apr 2006

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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