XSpring Capital Management

Management criteria checks 4/4

XSpring Capital's CEO is Rathian Srimongkol, appointed in Feb 2024, has a tenure of 2.42 years. directly owns 2.83% of the company’s shares, worth THB136.24M. The average tenure of the management team and the board of directors is 4.7 years and 4.6 years respectively.

Key information

Rathian Srimongkol

Chief executive officer

฿21.4k

Total compensation

CEO salary percentage	n/a
CEO tenure	2.4yrs
CEO ownership	2.8%
Management average tenure	4.7yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO

Rathian Srimongkol (66 yo)

2.4yrs

Tenure

฿21,430

Compensation

Dr. Rathian Srimongkol, M.D. served as Chairman of the Board at XSpring Capital Public Company Limited (former name: Seamico Capital Public Company Limited) since February 18, 2021 until February 23, 2024...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rathian Srimongkol	Chairman of Executive Board	2.4yrs	฿21.43k	2.83% THB 136.2m
Pinit Puapan	Member of Executive Board & Director	no data	฿1.37m	no data
Varangkana Artkarasatapon	MD, Member of Executive Board & Authorized Director	no data	no data	no data
Watchararrus Tungsomboon	Executive VP of Group Finance & Accounting and CFO	4.3yrs	no data	no data
Teerath Pratumsuwan	Executive Vice President of Investment Group	6.3yrs	no data	no data
Papimpan Pumanee	Assistant VP & Chief Accountant of Finance and Accounting Department	no data	no data	no data
Supachan Jaranakaran	Executive VP & Head of Group General Counsel	4.8yrs	no data	no data
M.L. Thongyai	Deputy President & Deputy CEO	8.2yrs	no data	no data
Varisara Ummaritchoti	Executive VP of Finance & Corporate Strategy	4.5yrs	no data	no data
Pichai Yimjaipoonsup	Chief of Risk & Operating Policies Group	no data	no data	no data
Poomjai Jaiwong	Head of Internal Audit	2.4yrs	no data	no data
Pornpilas Harnchanpanich	Company Secretary	10.7yrs	no data	no data

4.7yrs

Average Tenure

57yo

Average Age

Experienced Management: XPG's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rathian Srimongkol	Chairman of Executive Board	5.4yrs	฿21.43k	2.83% THB 136.2m
Pinit Puapan	Member of Executive Board & Director	5.4yrs	฿1.37m	no data
Varangkana Artkarasatapon	MD, Member of Executive Board & Authorized Director	4.6yrs	no data	no data
Apichart Chutrakul	Non-Authorized Director	3.3yrs	no data	no data
Kittichai Raktakanit	Independent Director	7.3yrs	฿1.08m	no data
Thongchai Jira-Alongkorn	Non-Authorized Director	4.6yrs	฿736.88k	no data
Thanarak Phongphatar	Independent Chairman	7.3yrs	฿1.57m	no data
Apichart Jutrakul	Non-Authorized Director	3.5yrs	฿756.88k	0.047% THB 2.3m
Chaiyuth Pitakteeratham	Non-Authorized Director	less than a year	no data	no data

4.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: XPG's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/03 13:47
End of Day Share Price	2026/07/03 00:00
Earnings	2026/03/31
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 world class team 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

XSpring Capital Public Company Limited is covered by 2 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
Sasikorn Charoensuwan	Phillip Securities (HK)
Trin Sittisawad	Yuanta Securities (Thailand) Company Limited

XSpring Capital Management

Management criteria checks 4/4

Key information

Recent management updates

XSpring Capital Public Company Limited, Annual General Meeting, Apr 28, 2026

XSpring Capital Public Company Limited, Annual General Meeting, Apr 28, 2025

XSpring Capital Public Company Limited, Annual General Meeting, Apr 26, 2024

XSpring Capital Public Company Limited Appoints Rathian Srimongkol as Chief Executive Officer

XSpring Capital Public Company Limited Appoints Thanarak Phongphatar as Member of the Audit Committee

Xspring Capital Public Company Limited Announces Resignation of Mr. Arthit Suriyabhivadh from His Esteemed Positions as Director, Independent Director, Audit Committee Member, and Corporate Governance Committee Member

Recent updates

Upcoming dividend of ฿0.01 per share

Full year 2025 earnings: EPS and revenues miss analyst expectations

XSpring Capital Public Company Limited announces Annual dividend, payable on May 18, 2026

XSpring Capital Public Company Limited, Annual General Meeting, Apr 28, 2026

Third quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.006 in 3Q 2024)

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 33%

New minor risk - Share price stability

First quarter 2025 earnings released: EPS: ฿0.006 (vs ฿0.005 in 1Q 2024)

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

XSpring Capital Public Company Limited, Annual General Meeting, Apr 28, 2025

Investor sentiment improves as stock rises 17%

Third quarter 2024 earnings released: EPS: ฿0.006 (vs ฿0.004 in 3Q 2023)

Second quarter 2024 earnings released: EPS: ฿0 (vs ฿0.004 in 2Q 2023)

First quarter 2024 earnings released: EPS: ฿0.005 (vs ฿0.001 loss in 1Q 2023)

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: ฿0.011 (vs ฿0.018 loss in FY 2022)

XSpring Capital Public Company Limited, Annual General Meeting, Apr 26, 2024

XSpring Capital Public Company Limited Appoints Rathian Srimongkol as Chief Executive Officer

Third quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0 in 3Q 2022)

XSpring Capital Public Company Limited Appoints Thanarak Phongphatar as Member of the Audit Committee

Xspring Capital Public Company Limited Announces Resignation of Mr. Arthit Suriyabhivadh from His Esteemed Positions as Director, Independent Director, Audit Committee Member, and Corporate Governance Committee Member

Second quarter 2023 earnings released: EPS: ฿0.004 (vs ฿0.01 loss in 2Q 2022)

Xspring Capital Public Company Limited Announces Management Changes

Third quarter 2022 earnings released: EPS: ฿0 (vs ฿0.005 loss in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: ฿0.01 loss per share (vs ฿0.009 profit in 2Q 2021)

First quarter 2022 earnings released: ฿0.004 loss per share (vs ฿0.03 profit in 1Q 2021)

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings released: ฿0.005 loss per share (vs ฿0.001 profit in 3Q 2020)

First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.005 loss in 1Q 2020)

Full year 2020 earnings released: ฿0.01 loss per share (vs ฿0.051 profit in FY 2019)

New 90-day high: ฿2.44

Chairman of the Board Suthep Wongvorazathe has left the company

New 90-day high: ฿1.28

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: ฿1.10

Investor sentiment improved over the past week

New 90-day high: ฿0.73

New 90-day high: ฿0.69

Third quarter 2020 earnings released: EPS ฿0.001

New 90-day low: ฿0.58

New 90-day low: ฿0.59

CEO

Leadership Team

Board Members

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources