WSOL Past Earnings Performance

Past criteria checks 0/6

WSOL's earnings have been declining at an average annual rate of -60.8%, while the Diversified Financial industry saw earnings declining at 10.6% annually. Revenues have been growing at an average rate of 13.5% per year.

Key information

-60.84%

Earnings growth rate

-57.22%

EPS growth rate

Diversified Financial Industry Growth	-4.21%
Revenue growth rate	13.50%
Return on equity	n/a
Net Margin	-226.91%
Last Earnings Update	31 Dec 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How WSOL makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SET:WSOL Revenue, expenses and earnings (THB Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 25	2,126	-4,825	2,258
30 Sep 25	2,221	-2,249	1,584
30 Jun 25	2,935	-3,001	1,785
31 Mar 25	3,997	-5,643	2,174
31 Dec 24	5,383	-6,238	2,604
30 Sep 24	6,829	-6,314	3,197
30 Jun 24	8,032	-5,412	3,372
31 Mar 24	8,986	-2,317	3,231
31 Dec 23	9,630	-190	2,894
30 Sep 23	10,055	902	2,216
30 Jun 23	8,759	1,365	1,915
31 Mar 23	7,040	1,542	1,576
31 Dec 22	5,325	1,482	1,219
30 Sep 22	3,728	1,041	875
30 Jun 22	3,232	596	709
31 Mar 22	2,784	287	593
31 Dec 21	2,339	214	554
30 Sep 21	1,839	169	516
30 Jun 21	1,563	135	507
31 Mar 21	1,516	106	496
31 Dec 20	1,513	102	478
30 Sep 20	1,470	76	458
31 Dec 19	1,279	58	398
31 Dec 18	1,328	92	338
31 Dec 17	1,095	-233	464
31 Dec 16	1,455	381	351

Quality Earnings: WSOL is currently unprofitable.

Growing Profit Margin: WSOL is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WSOL is unprofitable, and losses have increased over the past 5 years at a rate of 60.8% per year.

Accelerating Growth: Unable to compare WSOL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WSOL is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (18.1%).

Return on Equity

High ROE: WSOL's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/21 08:15
End of Day Share Price	2026/05/25 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

WSOL Public Company Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wikij Tirawannarat	Bualuang Securities PCL
Poramet Tongbua	Bualuang Securities PCL
Napon Jaisan	Bualuang Securities PCL

WSOL Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

WSOL Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025

Second quarter 2025 earnings released: ฿0.11 loss per share (vs ฿1.75 loss in 2Q 2024)

First quarter 2025 earnings released: ฿0.56 loss per share (vs ฿1.14 loss in 1Q 2024)

Full year 2024 earnings released: ฿3.44 loss per share (vs ฿0.11 loss in FY 2023)

Second quarter 2024 earnings released: ฿1.75 loss per share (vs ฿0.13 profit in 2Q 2023)

First quarter 2024 earnings released: ฿1.14 loss per share (vs ฿0.10 profit in 1Q 2023)

Recent updates

WSOL Public Company Limited to Report Q3, 2025 Results on Nov 14, 2025

Second quarter 2025 earnings released: ฿0.11 loss per share (vs ฿1.75 loss in 2Q 2024)

High number of new and inexperienced directors

First quarter 2025 earnings released: ฿0.56 loss per share (vs ฿1.14 loss in 1Q 2024)

An undisclosed buyer acquired 80% stake in SABUY Money Company Limited from Sabuy Technology Public Company Limited (SET:SABUY).

Full year 2024 earnings released: ฿3.44 loss per share (vs ฿0.11 loss in FY 2023)

Sabuy Technology Public Company Limited, Annual General Meeting, Apr 28, 2025

Sabuy Technology Public Company Limited Announces Board and Committee Changes

New major risk - Shareholder dilution

Sabuy Technology Public Company Limited Announces Resignation of Wilert Orawanwong as Independent Director

Sabuy Technology Public Company Limited Announces Board and Committee Changes

Sabuy Technology Public Company Limited announced that it expects to receive THB 760 million in funding

Second quarter 2024 earnings released: ฿1.75 loss per share (vs ฿0.13 profit in 2Q 2023)

Now 21% undervalued after recent price drop

First quarter 2024 earnings released: ฿1.14 loss per share (vs ฿0.10 profit in 1Q 2023)

Sabuy Technology Public Company Limited Approves Board Changes

Sabuy Technology Public Company Limited Approves Omission of Dividend Payments for the Year 2023

Sabuy Technology Public Company Limited announced that it expects to receive THB 2.99 billion in funding from Lightnet Pte. Ltd.

New minor risk - Market cap size

Sabuy Technology Public Company Limited Proposes Omission of Dividend Payments for the Year 2023

Sabuy Technology Public Company Limited Appoints Khanat Kruthakul as an Independent Director

Sabuy Technology Public Company Limited Announces Chief Executive Officer Changes

SABUY Technology Public Company Limited Announces Board Changes

Full year 2023 earnings released: ฿0.11 loss per share (vs ฿1.07 profit in FY 2022)

SABUY Technology Public Company Limited, Annual General Meeting, Apr 29, 2024

SABUY Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 95,000,000 shares, representing 5.12% for THB 617.5 million.

Investor sentiment improves as stock rises 17%

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.34 in 3Q 2022)

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 16%

Sabuy Technology Public Company Limited (SET:SABUY) acquired an unknown stake in Asia Vending Machine Operation Co., Ltd.

Second quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.26 in 2Q 2022)

New minor risk - Dividend sustainability

Investor sentiment deteriorates as stock falls 17%

Investor sentiment improves as stock rises 16%

First quarter 2023 earnings released: EPS: ฿0.10 (vs ฿0.071 in 1Q 2022)

Upcoming dividend of ฿0.16 per share at 0.2% yield

Sabuy Technology Public Company Limited (SET:SABUY) announces an Equity Buyback for 87,200,000 shares, representing 5.01% for THB 1,090 million.

Investor sentiment improves as stock rises 36%

Upcoming dividend of ฿0.026 per share at 0.3% yield

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ฿0.34 (vs ฿0.054 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released: EPS: ฿0.26 (vs ฿0.046 in 2Q 2021)

Consensus forecasts updated

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 27% undervalued

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Third quarter 2021 earnings released: EPS ฿0.054 (vs ฿0.023 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of ฿0.03 per share

Second quarter 2021 earnings released: EPS ฿0.046 (vs ฿0.023 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets