Green Resources Public Company Limited

Green Resources Public Company Limited

0.83
THB
+0.01
(+1.22%)
0.02EPS
40.30P/E
605.34MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.28
0.13
0.02
0.65
0.06
0.16
0.14
0.17
0.15
0.15
0.14
0.13
0.13
0.15
Basic EPS, GAAP
-0.32
-0.21
-0.28
-0.16
-0.08
- -
- -
0.01
0.06
-0.01
-0.04
0.01
-0.05
0.02
Free Cash Flow per Basic Share
-0.86
-0.04
-0.32
0.38
-0.05
-0.55
0.06
0.08
0.11
0.11
0.09
0.06
0.06
0.06
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.94
0.73
1.19
0.99
0.91
0.92
0.92
0.93
0.98
0.98
0.94
0.95
0.89
0.92
Tangible Book Value per Share
0.94
0.73
1.19
0.99
0.91
0.87
0.88
0.89
0.95
0.94
0.9
0.91
0.86
0.89
Basic Weighted Avg Shares
308
397
407
657
715
818
818
818
818
818
818
818
818
818
Sales/Revenue/Turnover
86
51
9
428
46
132
116
135
121
121
115
106
110
126
Operating Margin (%)
-92.42
-147.77
-1,160.96
-16.99
-132.48
-10.36
16.57
10.95
9.53
5.94
9.31
10.03
5.69
3.09
Depreciation Expense
8
1
3
3
6
25
37
38
38
37
36
36
37
37
Net Income, GAAP
-99
-82
-114
-106
-57
-3
4
7
47
-6
-31
6
-41
15
Effective Tax Rate (%)
- -
- -
- -
- -
- -
38.61
0.51
- -
- -
- -
- -
- -
- -
16
Profit Margin (%)
-115.15
-162.09
-1,220.22
-24.84
-122.86
-1.96
3.47
5.06
38.84
-5.33
-26.65
5.86
-37.5
11.95
Working Capital
311
244
547
628
421
158
127
163
289
271
246
246
207
225
LT Debt
- -
- -
48
1
1
197
182
255
296
260
223
186
140
120
Total Equity
372
291
696
706
649
860
849
758
805
798
767
773
731
755
Return on Invested Capital (%)
- -
- -
- -
- -
- -
0.54
2.27
- -
- -
- -
- -
- -
- -
2.54
Return on Capital (%)
- -
- -
- -
- -
- -
-0.39
0.66
- -
- -
- -
- -
- -
- -
2.43
Return on Common Equity (%)
-29.17
-24.7
-23.05
-15.14
-8.34
-0.37
0.53
0.91
6.03
-0.8
-3.93
0.81
-5.48
2.01

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
40
41
41
LT Borrowings
98
89
79
LT Finance Leases
42
41
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
818
818
818
Market Capitalization
507
581
605

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
260
263
277
Cash, Cash Equivalents & STI
170
176
195
Accounts Receivable, Net
19
20
21
Inventories
18
15
11
Total Current Liabilities
54
53
52
Payables & Accruals
10
10
8
ST Debt
40
41
41
Deferred Revenue
3
2
2

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.07%
-0.62%
-5.4%
Free Cash Flow
70.27%
-2.27%
2.43%
Net Income, GAAP
-36.49%
-6.08%
-763.18%
Sales/Revenue/Turnover
455.61%
-3.9%
3.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26
28
24
28
106
2025
28
24
23
35
110
2026
31
37
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
0.02
-0.03
0.01
2025
-0.03
-0.01
0.01
-0.02
-0.05
2026
0.01
0.02
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pipat Viriyamettakul
Full Time Employees
42
Sector
Utilities
Industry
Electric utilities
Address
405 Soi 13 Bond Street Road Nonthaburi NU Thailand 11120
IPO Date
Dec 13, 2005
Business
Green Resources Public Company Limited operates primarily in the alternative energy and real estate development sectors in Thailand. The company’s core products and services include generating and distributing electricity through solar cell systems; operating solar farms and solar rooftop projects; providing installation services for solar energy systems; and developing residential real estate, particularly condominium projects near community areas and educational centers. Its primary business segments comprise Real Estate; Rental and Services; and Energy Generating from Solar-Cell Systems. The company’s key real estate subsidiaries include Orin Property Co., Ltd., focused on condominium development, while energy generation is managed through subsidiaries SK-1 Power Company Limited and Ventus Solar Company Limited. Green Resources is headquartered in Nonthaburi, Thailand, and was founded in 1992. The firm underwent a name change from Asia Corporate Development Public Company Limited to Green Resources Public Company Limited in February 2016. In recent years, Green Resources has strategically realigned as a resource industry player under the Energy & Utilities classification, effective from July 2020, reflecting its increased focus on clean and renewable energy. The company maintains and operates multiple solar farm projects in various provinces including Pak Chong (Nakhon Ratchasima), Srakeaw, and Lopburi, strengthening its footprint in Thailand’s solar energy market. Green Resources emphasizes sustainable growth in clean energy alongside its ongoing residential real estate developments. The company continues to prioritize stable and sustainable income generation through renewable energy, with ongoing operational activities in solar power generation and installations. Recent disclosures from 2024 and 2025 indicate continued business refinements and governance updates in the renewable energy and real estate segments to enhance operational efficiency and shareholder value. Green Resources’ business model targets institutional and individual customers interested in renewable energy solutions and residential real estate, primarily within Thailand. Its strategic expansion into renewable energy generation and distribution leverages growing demand for clean power while maintaining legacy real estate investments. The company’s solar energy projects contribute to Thailand’s alternative energy goals, positioning Green Resources as a domestic renewable energy player with diversified income streams from energy and property sectors. The company is listed on the Stock Exchange of Thailand under the ticker GREEN.BK. Overall, Green Resources Public Company Limited is a Thailand-based developer and operator of solar power projects and residential condominiums, with a recent strategic emphasis on renewable energy expansion and sustainable operations in line with the country’s energy transition policies and real estate market demands. Sources include Green Resources official website, Stock Exchange of Thailand filings, and recent corporate news releases up to 2025.