1.30
-0.76%
Close of 9 Nov 2026, in THB
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At a glance
Figures in THB, from our data supplier.
Revenue
THB 5.62bn
FY2016FY2025
Net income
THB 1.69bn
FY2016FY2025
Free cash flow
THB 564.7m
FY2016FY2025
Shareholders' equity
THB 11.63bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | THB 5.62bn | THB 8.55bn | THB 8.17bn | THB 8.61bn | THB 7.40bn | THB 6.02bn | THB 6.55bn | THB 6.47bn | THB 6.10bn | THB 5.76bn |
| Gross profit | THB 1.57bn | THB 2.43bn | THB 2.34bn | THB 2.74bn | THB 2.18bn | THB 1.54bn | THB 1.77bn | THB 1.94bn | THB 1.96bn | THB 1.91bn |
| Operating income | THB 645.0m | THB 1.28bn | THB 1.50bn | THB 2.03bn | THB 1.70bn | THB 672.9m | THB 1.14bn | THB 1.19bn | THB 1.24bn | THB 1.16bn |
| Net income | THB 1.69bn | THB 698.6m | THB 865.1m | THB 1.34bn | THB 1.81bn | THB 465.5m | THB 809.0m | THB 723.7m | THB 868.5m | THB 678.6m |
| Diluted earnings per share | 0.13 | 0.05 | 0.06 | 0.10 | 0.13 | 0.03 | 0.06 | 0.05 | 0.06 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | THB 21.68bn | THB 26.10bn | THB 27.81bn | THB 30.92bn | THB 28.43bn | THB 21.18bn | THB 19.63bn | THB 15.55bn | THB 15.45bn | THB 14.49bn |
| Cash and short-term investments | THB 1.66bn | THB 1.63bn | THB 1.58bn | THB 1.61bn | THB 1.27bn | THB 338.3m | THB 602.9m | THB 307.9m | THB 433.3m | THB 242.4m |
| Total liabilities | THB 9.20bn | THB 11.82bn | THB 11.60bn | THB 12.71bn | THB 13.17bn | THB 10.44bn | THB 9.26bn | THB 6.17bn | THB 6.08bn | THB 5.26bn |
| Debt | THB 7.44bn | THB 9.15bn | THB 8.50bn | THB 8.91bn | THB 9.51bn | THB 8.23bn | THB 7.41bn | THB 4.56bn | THB 4.48bn | THB 3.59bn |
| Shareholders' equity | THB 11.63bn | THB 11.42bn | THB 12.89bn | THB 14.39bn | THB 12.18bn | THB 8.17bn | THB 7.79bn | THB 7.11bn | THB 7.01bn | THB 6.80bn |
| Shares outstanding | 13,485m | 13,485m | 13,576m | 13,576m | 13,576m | 14,887m | 14,708m | 14,722m | 14,767m | 13,469m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | THB 1.49bn | THB 1.80bn | THB 1.98bn | THB 1.97bn | THB 1.67bn | THB 1.09bn | THB 1.53bn | THB 1.20bn | THB 1.38bn | THB 1.25bn |
| Capital spending | −THB 921.9m | −THB 596.3m | −THB 522.6m | −THB 428.1m | −THB 956.1m | −THB 1.49bn | −THB 1.36bn | −THB 480.3m | −THB 1.08bn | −THB 1.36bn |
| Free cash flow | THB 564.7m | THB 1.20bn | THB 1.46bn | THB 1.54bn | THB 715.7m | −THB 397.7m | THB 167.5m | THB 717.4m | THB 299.5m | −THB 110.9m |
| Dividends paid | −THB 1.37bn | −THB 816.5m | −THB 890.5m | −THB 774.9m | −THB 665.8m | −THB 639.1m | −THB 614.8m | −THB 574.2m | −THB 543.4m | −THB 429.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | THB 1.29bn | THB 1.34bn | −THB 570.9m | THB 2.11bn | THB 1.98bn | THB 2.10bn | THB 2.05bn | THB 2.32bn |
| Gross profit | THB 284.4m | THB 341.0m | −THB 5.5m | THB 555.2m | THB 447.1m | THB 575.9m | THB 490.1m | THB 749.7m |
| Operating income | — | THB 107.2m | −THB 199.3m | THB 329.0m | THB 293.1m | THB 160.8m | −THB 17.8m | THB 564.5m |
| Net income | THB 256.8m | THB 136.7m | THB 1.23bn | THB 226.9m | THB 215.6m | THB 26.0m | −THB 79.7m | THB 361.4m |
| Diluted earnings per share | 0.02 | 0.01 | 0.09 | 0.02 | 0.02 | 0.00 | -0.01 | 0.03 |
| Cash from operations | — | THB 147.0m | THB 216.0m | THB 537.0m | THB 293.0m | THB 438.0m | THB 389.0m | THB 589.0m |
| Capital spending | — | −THB 81.0m | −THB 236.0m | −THB 278.0m | −THB 219.0m | −THB 187.0m | −THB 180.0m | −THB 192.0m |
| Free cash flow | — | THB 66.0m | −THB 20.0m | THB 259.0m | THB 74.0m | THB 251.0m | THB 209.0m | THB 397.0m |
| Total assets | THB 21.49bn | THB 21.30bn | THB 21.68bn | THB 24.30bn | THB 23.88bn | THB 24.69bn | THB 26.10bn | THB 26.32bn |
| Cash and short-term investments | — | THB 1.18bn | THB 1.66bn | THB 2.20bn | THB 1.32bn | THB 1.64bn | THB 1.63bn | THB 1.87bn |
| Debt | THB 3.34bn | THB 6.95bn | THB 7.38bn | THB 9.34bn | THB 9.36bn | THB 9.05bn | THB 9.06bn | THB 9.08bn |
| Shareholders' equity | THB 11.41bn | THB 11.75bn | THB 11.63bn | THB 10.25bn | THB 9.58bn | THB 10.39bn | THB 11.42bn | THB 11.50bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 28.0% | 28.5% | 28.6% | 31.8% | 29.4% | 25.5% |
| Operating margin | 11.5% | 15.0% | 18.4% | 23.5% | 23.0% | 11.2% |
| Net margin | 30.2% | 8.2% | 10.6% | 15.6% | 24.4% | 7.7% |
| Return on equity | 14.6% | 6.1% | 6.7% | 9.3% | 14.8% | 5.7% |
| Return on assets | 7.8% | 2.7% | 3.1% | 4.3% | 6.3% | 2.2% |
| Free cash flow yield | 13.2% | 13.1% | 13.7% | 13.1% | 14.3% | 12.9% |
| Revenue growth | -34.3% | 4.6% | -5.1% | 16.4% | 22.8% | -8.0% |
| Earnings growth | 142.6% | -19.2% | -35.4% | -25.8% | 287.8% | -42.5% |
| Current ratio | 0.44x | 0.38x | 0.45x | 0.44x | 0.40x | 0.29x |
| Debt to equity | 0.63x | 0.79x | 0.66x | 0.62x | 0.76x | 0.97x |
| Equity ratio | 53.7% | 43.7% | 46.3% | 46.5% | 42.9% | 38.6% |
| Interest coverage | 2.28x | 3.72x | 4.91x | 8.28x | 8.24x | 3.32x |
| Buybacks as a share of market value | -0.0% | 0.7% | 0.0% | -0.0% | 8.8% | -1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.3% | -1.4% | 0.4% |
| Operating income | -31.7% | -0.8% | -4.9% |
| Net income | 8.2% | 29.5% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.3% | 29.3% | 28.8% | 29.7% |
| Operating margin | 13.6% | 17.6% | 17.6% | 18.3% |
| Net margin | 16.9% | 14.9% | 15.5% | 14.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 38.0 | 28.1 | 27.6 | 19.9 | 47.0 | 32.5 | 40.7 | 43.5 | 58.0 |
| Price to sales | 3.4 | 3.1 | 3.0 | 4.3 | 4.8 | 3.6 | 4.0 | 4.5 | 6.2 | 6.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 6 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.05 | 0.05 | 0.055 | 0.05 | 0.04 | 0.045 | 0.04 |
- 10-for-1 split · 22 May 2015
- 10-for-1 split · 4 Jun 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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