Key Financial Data

2025

Audited
Statement of financial position	Consolidated financial statements						Separate financial statements
	2024		2023		2022		2024		2023		2022
	MB.	%	MB.	%	MB.	%	MB.	%	MB.	%	MB.	%
Current assets	260.41	46.57	274.20	48.42	276.86	49.69	169.87	24.31	184.17	25.67	206.89	27.91
Total assets	559.24	100.00	566.31	100.00	557.13	100.00	698.67	100.00	717.37	100.00	741.15	100.00
Current liabilities	74.27	13.28	95.06	16.79	110.08	19.76	62.52	8.95	72.55	10.11	93.83	12.66
Total current liabilities	98.79	17.66	129.06	22.79	157.33	28.24	80.22	11.48	94.53	13.18	114.22	15.41
Shareholders’ equity of parent Company	453.43	81.08	431.39	76.18	396.17	71.11	618.45	88.52	622.85	86.82	626.94	84.59

Audited
Comprehensive Income Statement	Consolidated Financial Statements						Separate Financial Statements
	2024		2023		2022		Year 2024		Year 2023		Year 2022
	MB.	%	MB.	%	MB.	%	MB.	%	MB.	%	MB.	%
Revenue from sale and services	539.13	98.93	646.48	99.20	605.61	99.00	434.23	97.18	515.29	97.93	492.40	96.59
Other income	4.80	0.88	4.79	0.73	6.09	1.00	3.52	0.79	2.72	0.52	4.48	0.88
Dividend income	–	–	–	–	–	–	8.26	1.85	7.89	1.50	12.90	2.53
Finance income	1.03	0.19	0.45	0.07	–	–	0.84	0.19	0.30	0.06	–	–
Total income	544.96	100.00	651.71	100.00	611.70	100.00	446.84	100.00	526.20	100.00	509.78	100.00
Cost of goods sold and service	405.43	74.40	480.67	73.75	437.73	71.56	334.32	74.82	399.71	75.96	368.17	72.22
Distribution costs	43.85	8.05	46.03	7.06	50.60	8.27	37.53	8.40	39.36	7.48	43.81	8.59
Administrative expenses	74.22	13.62	69.61	10.68	68.92	11.27	64.38	14.41	60.60	11.52	60.20	11.81
Financial costs	0.70	0.13	1.11	0.17	1.86	0.30	0.47	0.11	0.52	0.10	0.55	0.11
Share of profit of associates accounted for using the equity method	20.69	3.80	20.51	4.27	26.66	6.09	–	–	–	–	–	–
Tax expense (income)	4.47	0.82	11.14	1.71	10.75	1.76	0.46	0.10	3.90	0.74	5.13	1.01
Profit (loss) attributable to owner of parent	35.83	6.58	61.43	9.43	66.75	10.91	9.69	2.17	22.12	4.20	31.92	6.26

Verified
Financial ratios	Units	Consolidated financial statements			Separate financial statements
Financial ratios	Units	2024	2023	2022	2024	2023	2022
Current ratio	Equal	3.51	2.88	2.52	2.72	2.54	2.20
Avg.collection period	Day	69.50	60.16	59.03	67.92	62.28	57.98
Collection period	Day	71.44	72.26	76.81	71.54	72.78	79.90
Gross profit margin (GP Magin)	%	24.80	25.65	27.72	23.01	22.43	25.23
Net Profit Margin	%	6.79	9.77	11.20	2.17	4.20	6.26
Return on equity (ROE)	%	8.10	14.85	18.36	1.56	3.54	5.22
Return on asset (ROA)	%	7.49	13.51	15.52	1.50	3.64	5.25
Total assets turnover	Equal	0.97	1.16	1.17	0.63	0.72	0.71
Debt to equity ratio (D/E)	Equal	0.22	0.30	0.40	0.13	0.15	0.18
Interest converage	Equal	69.98	74.96	47.55	33.55	62.18	80.45
Dividend payout ratio	%	29.30	57.43	43.26	81.39	120.09	21.55

2024

Audited
Statement of financial position	Financial statements in which the equity method is applied						Financial statements of the company
	2023		2022		2021		2023		2022		2021
	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent
Current Assets	274.20	48.42	276.86	49.69	221.46	45.37	184.17	25.67	206.89	27.91	161.27	23.29
Total assets	566.31	100.00	557.13	100.00	488.16	100.00	717.37	100.00	741.15	100.00	692.37	100.00
Current liabilities	95.06	16.79	110.08	19.76	128.09	26.09	72.55	10.11	93.83	12.66	73.99	10.69
Total liabilities	129.20	22.79	157.33	28.24	155.15	31.78	94.53	13.18	114.22	15.41	95.65	13.81
Equity of the parent company	431.39	76.18	396.17	71.11	331.13	67.83	622.85	86.82	626.94	84.59	596.73	86.19

Audited
Consolidated Statement of Comprehensive Income	Financial Statements of Investments Using the Equity Method						Financial Statements of Specific Business
	Year 2023		Year 2022		Year 2021		2023		2022		2021
	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent	Million Baht	Percent
Revenue from sales and services	646.48	99.20	605.61	99.00/td>	488.41	98.06	515.29	99.42	492.40	99.10	399.34	98.24
Other income	5.24	0.80	6.09	1.00	9.68	1.94	3.02	0.58	4.48	0.90	7.15	1.76
Total income	651.71	100.00	611.70	100.00	498.09	100.00	518.31	100.00	496.88	100.00	406.49	100.00
Cost of sales and services	480.67	73.75	437.73	71.56	357.81	71.84	399.71	77.12	368.17	74.10	302.31	74.37
Cost of distribution	46.03	7.06	50.60	8.27	46.48	9.33	39.36	7.59	43.81	8.82	40.37	9.93
Administrative expenses	69.61	10.68	68.92	11.27	66.94	13.44	60.60	11.69	60.20	12.12	54.55	13.42
Financial costs	1.11	0.17	1.86	0.30	1.64	0.33	0.52	0.10	0.55	0.11	0.61	0.15
Share of investment in associates	20.51	4.27	26.66	6.09	20.94	5.85	0.00	0.00	0.00	0.00	0.00	0.00
Income tax expenses	11.14	1.71	10.75	1.76	6.16	1.24	3.90	0.75	5.13	1.03	1.93	0.48
Profit for the year (Part of the parent company)	61.43	9.43	66.75	10.91	34.87	7.00	22.12	4.27	31.92	6.42	80.32	19.76

Audited
Financial ratios	Units	Consolidated financial statements			Separate financial statements
Financial ratios	Units	Year 2023	Year 2022	Year 2021	2023	2022	2021
Liquidity ratio	Equal	2.88	2.52	1.73	2.54	2.20	2.18
Average collection period	Days	55.54	53.64	91.36	57.19	51.53	94.47
Average payment period	Days	42.79	50.68	58.38	44.67	55.76	65.37
Gross profit rate (GP Margin)	Percentage	25.65	27.72	26.74	22.43	25.23	24.30
Net profit margin	Percent	9.43	10.91	7.00	4.27	6.26	16.73
Return on Equity (ROE)	Percent	14.85	18.36	10.01	3.54	5.22	17.21
Return on Assets (ROA)	Percent	10.94	12.77	6.53	3.03	4.45	14.08
Asset Turnover	times	1.16	1.17	0.93	0.71	0.71	0.84
Debt to Equity Ratio (D/E)	Equal	0.30	0.40	0.47	0.15	0.18	0.16
Interest Coverage Ratio	Equal	74.96	47.55	34.53	62.18	80.45	148.18
Dividend Payout Ratio	Percent	57.43	43.26	122.76	120.09	21.55	52.90

2023

Verified
Statement of financial position	Financial statements showing investments using the equity method						Separate financial statements
	Year 2022		Year 2021		Year 2020		Year 2022		Year 2021		Year 2020
	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage
Current assets	276.86	49.69	221.46	45.37	323.56	55.74	206.89	27.91	161.27	23.29	246.66	54.98
Total assets	557.13	100.00	488.16	100.00	580.50	100.00	741.15	100.00	692.37	100.00	448.67	100.00
Current liabilities	110.08	19.76	128.09	26.24	103.77	17.88	93.83	17.03	73.99	10.69	88.85	19.80
Total liabilities	157.33	28.24	155.15	31.78	132.25	22.78	114.22	20.73	95.65	13.81	112.18	25.00
Shareholders’ equity	399.80	71.76	333.01	68.22	448.25	77.22	629.94	113.80	596.73	86.19	336.49	75.00

Verified
Consolidated statement of comprehensive income	Financial statements showing investments using the equity method						Separate financial statements
	Year 2022		Year 2021		Year 2020		Year 2022		Year 2021		Year 2020
	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage
Income from sales and services	605.61	99.00	488.31	98.06	564.86	98.48	492.40	96.59	399.34	83.18	449.28	98.60
Other income	6.09	1.00	9.68	1.94	8.70	1.52	17.38	3.41	80.75	16.82	6.38	1.40
Total income	611.70	100.00	498.09	100.00	573.56	100.00	509.78	100.00	480.09	100.00	455.66	100.00
Cost of sales and services	437.73	71.56	357.81	71.84	393.04	68.53	368.17	72.22	302.31	62.97	328.48	72.09
Cost of distribution	50.60	8.27	46.48	9.33	50.27	8.76	43.81	8.59	40.37	8.41	43.41	9.53
Administrative expenses	68.92	11.27	66.94	13.44	61.56	10.73	60.20	11.81	54.55	11.36	52.59	11.54
Financial costs	1.86	0.30	1.64	0.33	0.69	0.12	0.55	0.11	0.61	0.13	0.69	0.15
Share of investment in associated company	26.66	6.09	20.94	5.85	17.37	4.42	0.00	0.00	0.00	0.00	0.00	0.00
Income tax expenses	10.75	1.76	6.16	1.24	13.29	2.32	5.13	1.01	1.93	0.40	5.29	1.16
Profit for the year (Part of the parent company)	66.75	10.91	34.87	7.00	40.58	7.07	31.92	6.26	80.32	16.73	25.20	5.53

Verified
Financial ratios	Unit	Consolidated financial statements			Separate financial statements
Financial ratios	Unit	Year 2022	Year 2021	Year 2020 (New update)	Year 2022	Year 2021	Year 2020
Liquidity ratio	Times	2.52	1.73	3.12	2.20	2.18	2.78
Average debt collection period	Day	52.91	90.11	88.97	50.82	93.18	72.55
Debt repayment period	Day	49.98	57.58	60.25	55.00	64.48	68.14
Gross profit rate (GP Margin)	Percentage	27.72	26.74	30.42	25.23	24.30	26.89
Net profit margin	Percentage	11.20	8.03	12.57	6.26	16.73	5.53
Return on equity (ROE)	Percentage	18.69	10.24	16.64	5.22	17.21	7.64
Return on assets (ROA)	Percentage	13.11	7.49	12.74	4.45	14.08	5.70
Asset turnover rate	Times	1.17	0.93	1.01	0.71	0.84	1.03
Debt to equity ratio (D/E)	Times	0.39	0.47	0.30	0.18	0.16	0.33
Interest coverage ratio	Times	47.01	57.39	95.21	62.60	122.63	10.94
Dividend payout rate	Percentage	43.26	122.76	118.48	21.55	52.90	41.89

1.03 Debt to equity ratio (D/E)Times0.390.470.300.180.160.33Interest coverage ratioTimes47.0157.3995.2162.60122.6310.94Dividend payout ratePercentage43.26122.76118.4821.5552.9041.89

2022

Verified
Statement of financial position	Financial statements showing investments using the equity method					Separate financial statements
	Year 2021		Year 2020 (New update)		Year 2021		Year 2020
	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage
Current assets	221.46	45.37	323.56	55.74	161.27	23.29	246.66	54.98
Total assets	488.16	100.00	580.50	100.00	692.37	100.00	448.67	100.00
Current liabilities	128.09	26.24	103.77	17.88	73.99	10.69	88.85	19.80
Total liabilities	155.15	31.78	132.25	22.78	95.65	13.81	112.18	25.00
Shareholders’ equity	333.01	68.22	448.25	77.22	596.73	86.19	336.49	75.00

Verified
Consolidated statement of comprehensive income	Financial statements showing investments using the equity method					Separate financial statements
	Year 2021		Year 2020 (New update)		Year 2021		Year 2020
	Million baht	Percentage	Million baht	Percentage	Million baht	Percentage	Million baht	Percentage
Income from sales and services	488.41	98.06	564.86	98.48	399.34	83.18	449.28	98.60
Other income	9.68	1.94	8.70	1.52	80.75	16.82	6.38	1.40
Total income	498.09	100.00	573.56	100.00	480.09	100.00	455.66	100.00
Cost of sales and services	357.81	71.84	393.04	68.53	302.31	62.97	328.48	72.09
Sales expenses	46.48	9.33	50.27	8.76	40.37	8.41	43.41	9.53
Administrative expenses	66.94	13.44	61.56	10.73	54.55	11.36	52.59	11.54
Financial costs	1.64	0.33	0.69	0.12	0.61	0.13	0.69	0.15
Share of investment in associated company	20.94	5.85	17.37	4.42	0.00		0.00
Income tax expenses	6.16	1.24	13.29	2.32	1.93	0.40	5.29	1.16
Profit for the year (Part of which is owned by a large company)	34.87	7.00	40.58	7.07	80.32	16.73	25.20	5.53

Verified
Financial ratios	Unit	Showing investments using the equity method		Separate financial statements
Financial ratios	Unit	Year 2021	Year 2020 (New update)	Year 2021	Year 2020
Liquidity ratio	Times	1.73	3.12	2.18	2.78
Average debt collection period	Day	90.11	88.97	93.18	94.88
Debt repayment period	Day	57.58	60.25	64.48	68.14
Gross profit rate (GP Margin)	Percentage	26.74	30.42	24.30	26.89
Net profit margin	Percentage	8.03	12.57	16.73	5.53
Return on equity (ROE)	Percentage	10.24	16.64	17.21	7.64
Return on assets (ROA)	Percentage	7.49	12.74	14.08	5.70
Asset turnover rate	Times	0.93	1.01	0.84	1.03
Debt to equity ratio (D/E)	Times	0.47	0.30	0.16	0.33
Interest coverage ratio	Times	55.01	95.21	122.63	10.94
Dividend payout rate	Percentage	123.05	118.48	53.25	41.89

2021

Verified
Statement of financial position	Financial statements showing investments using the equity method					Separate financial statements
	Year 2020		Year 2019		Year 2020		Year 2019
	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage	Million Baht	Percentage
Current assets	246.66	51.64	235.42	52.42	246.66	54.98	235.42	54.05
Total assets	477.64	100.00	449.10	100.00	448.67	100.00	435.51	100.00
Current liabilities	88.85	18.60	101.21	22.54	88.85	19.80	101.21	23.24
Total liabilities	112.18	23.49	112.06	24.95	112.18	25.00	112.06	25.73
Shareholders’ equity	365.45	76.51	337.04	75.05	336.49	75.00	323.45	74.27

Verified
Consolidated statement of comprehensive income	Financial statements showing investments using the equity method					Separate financial statements
	Year 2020		Year 2019		Year 2020		Year 2019
	Million baht	Percentage	Million baht	Percentage	Million baht	Percentage	Million baht	Percentage
Income from sales and services	449.28	99.03	474.95	98.92	449.28	98.60	474.95	98.92
Other income	4.38	0.97	5.20	1.08	6.38	1.40	5.20	1.08
Total income	453.66	100.00	480.14	100.00	455.66	100.00	480.14	100.00
Cost of sales and services	328.48	72.41	344.50	71.75	328.48	72.09	344.50	71.75
Sales expenses	43.41	9.57	54.80	11.41	43.41	9.53	54.80	11.41
Administrative expenses	52.59	11.59	45.26	9.43	52.59	11.54	45.26	9.43
Financial costs	0.69	0.15	0.03	0.01	0.69	0.15	0.03	0.01
Share of investment in associated company	(17.37)	(3.83)	(6.80)	(1.42)	0.00		0.00
Income tax expenses	5.29	1.17	6.89	1.44	5.29	1.16	6.89	1.44
Total comprehensive income for the year (NP Margin)	40.58	8.94	35.45	7.38	25.20	5.53	28.65	5.97

Verified
Financial ratios	Unit	Showing investments using the equity method		Separate financial statements
Financial ratios	Unit	Year 2020	Year 2019	Year 2020	Year 2019
Liquidity ratio	Times	2.78	2.33	2.78	2.33
Average debt collection period	Day	94.88	66.90	94.88	66.90
Debt repayment period	Day	68.14	66.99	94.88	66.90
Gross profit rate (GP Margin)	Percentage	26.89	27.47	26.89	27.47
Net profit margin	Percentage	8.94	7.38	5.53	5.97
Return on equity (ROE)	Percentage	11.55	10.94	7.64	9.13
Asset turnover rate	Times	0.98	1.10	1.03	1.13
Debt to equity ratio (D/E)	Times	0.31	0.33	0.33	0.35
Interest coverage ratio	Times	9.94	(172.61)	9.94	(172.61)
Dividend payout rate	Percentage	33.85	36.12	41.89	48.41