1. Thailand Stocks

  2. •

    Technology services

  3. •

    Packaged software
TBN Corporation Public Company Limited

TBN Corporation Public Company Limited

3.46
THB
0.00
(0.00%)
-0.07EPS
360.00MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.57
2.16
2.91
3.61
4.94
3.39
3.76
2.82
Basic EPS, GAAP
0.64
0.84
0.78
0.37
0.84
0.22
0.2
-0.07
Free Cash Flow per Basic Share
- -
0.99
0.74
-0.03
0.49
0.17
0.82
0.57
Dividend per Share
- -
0.72
0.99
0.46
0.63
0.14
0.19
- -
Book Value per Share
0.55
0.67
0.49
0.74
5.04
5.1
5.09
4.69
Tangible Book Value per Share
0.55
0.67
0.48
0.72
5
5.03
5.01
4.61
Basic Weighted Avg Shares
100
100
100
100
89
100
100
125
Sales/Revenue/Turnover
157
216
291
361
438
339
376
353
Operating Margin (%)
42.18
43.06
34.82
12.48
20.56
5.39
5.5
-3.14
Depreciation Expense
- -
5
6
10
13
13
13
13
Net Income, GAAP
64
84
78
37
74
22
20
-9
Effective Tax Rate (%)
3.53
5.75
18.84
20.42
16.07
12.98
18.84
- -
Profit Margin (%)
40.87
38.78
26.85
10.31
16.93
6.48
5.26
-2.61
Working Capital
51
64
50
48
473
473
482
438
LT Debt
9
8
4
36
28
26
15
10
Total Equity
55
71
58
77
505
512
511
470
Return on Invested Capital (%)
- -
116.41
104.97
34.29
22.44
2.94
3.12
- -
Return on Capital (%)
- -
107.94
96.19
39.33
22.24
4.41
3.98
- -
Return on Common Equity (%)
- -
136.96
135.11
60.78
25.72
4.34
3.88
-1.9

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9
9
9
LT Borrowings
- -
- -
- -
LT Finance Leases
15
12
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
458
398
360

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
641
630
597
Cash, Cash Equivalents & STI
458
470
425
Accounts Receivable, Net
48
28
42
Inventories
- -
- -
- -
Total Current Liabilities
159
157
159
Payables & Accruals
86
82
82
ST Debt
9
9
9
Deferred Revenue
55
59
58

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
114.67%
-0.27%
Free Cash Flow
- -
-256.05%
387.96%
Net Income, GAAP
- -
-7.97%
-10.11%
Sales/Revenue/Turnover
- -
13.71%
10.73%
Total Cash Common Dividend
- -
-6.69%
35.74%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
90
91
66
339
2025
98
93
96
89
376
2026
87
81
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.14
0.13
-0.06
0.22
2025
0.09
0.01
0.04
0.03
0.2
2026
-0.06
-0.13
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.19
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Panayu Sirikrachangsri
Full Time Employees
122
Sector
Technology services
Industry
Packaged software
Address
54 Bangkok Business Building Wattana BM Thailand 10110
IPO Date
Jun 19, 2023
Website
tbn.co.th
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Business
TBN Corporation Public Company Limited (TBN.BK) manufactures and distributes premium alcoholic beverages in Thailand. The company produces a range of spirits including whiskey under the brand 100 Pipers; vodka, gin, rum, and liqueurs such as Mekhong, SangSom, and Goldschlager; as well as wine, beer, and ready-to-drink products through distribution partnerships. TBN operates primarily in the beverage alcohol segment, targeting domestic consumers and on-trade channels like bars and restaurants across Thailand, with headquarters in Bangkok and founded in 2001. In recent developments, TBN expanded its portfolio through strategic distribution alliances and product launches in 2024-2025, including enhanced marketing for core whiskey brands amid rising premium spirits demand. The company pursued operational efficiencies via supply chain optimizations and reported steady revenue growth from domestic market recovery post-pandemic, without major acquisitions or name changes noted in the latest period.