Reported Earnings • Feb 25
Full year 2025 earnings released: ฿0.083 loss per share (vs ฿0.18 loss in FY 2024) Full year 2025 results: ฿0.083 loss per share (improved from ฿0.18 loss in FY 2024). Revenue: ฿108.9m (down 4.9% from FY 2024). Net loss: ฿54.1m (loss narrowed 55% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Feb 24
ZALEKTA Public Company Limited, Annual General Meeting, Apr 28, 2026 ZALEKTA Public Company Limited, Annual General Meeting, Apr 28, 2026, at 10:00 SE Asia Standard Time. New Risk • Dec 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿110m revenue, or US$3.4m). Market cap is less than US$100m (฿1.27b market cap, or US$39.7m). Announcement • Nov 11
ZALEKTA Public Company Limited to Report Q3, 2025 Results on Nov 10, 2025 ZALEKTA Public Company Limited announced that they will report Q3, 2025 results on Nov 10, 2025 Reported Earnings • Nov 11
Third quarter 2025 earnings released: ฿0.039 loss per share (vs ฿0.025 loss in 3Q 2024) Third quarter 2025 results: ฿0.039 loss per share (further deteriorated from ฿0.025 loss in 3Q 2024). Revenue: ฿17.6m (down 4.8% from 3Q 2024). Net loss: ฿25.6m (loss widened 58% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2025 earnings released: ฿0.019 loss per share (vs ฿0.025 loss in 2Q 2024) Second quarter 2025 results: ฿0.019 loss per share (improved from ฿0.025 loss in 2Q 2024). Revenue: ฿21.5m (down 24% from 2Q 2024). Net loss: ฿12.5m (loss narrowed 24% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
First quarter 2025 earnings released: ฿0.007 loss per share (vs ฿0.002 profit in 1Q 2024) First quarter 2025 results: ฿0.007 loss per share (down from ฿0.002 profit in 1Q 2024). Revenue: ฿32.2m (up 10% from 1Q 2024). Net loss: ฿8.65m (down 466% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Revenue is less than US$5m (฿115m revenue, or US$3.5m). Market cap is less than US$100m (฿598.1m market cap, or US$18.3m). Announcement • Feb 21
Winai Boonsadao agreed to acquire 34.69% stake in Transformation Films Co.,Ltd from ZALEKTA Public Company Limited (SET:ZAA) for THB 26.1 million. Winai Boonsadao agreed to acquire 34.69% stake in Transformation Films Co.,Ltd from ZALEKTA Public Company Limited (SET:ZAA) for THB 26.1 million on February 20, 2025.
For the period ending December 31, 2024, Transformation Films Co.,Ltd reported total revenue of THB 43.97 million and net income of THB 2.56 million. As of December 31, 2024, Transformation Films Co.,Ltd reported total assets of THB 209.65 million and total common equity of THB 79.68 million.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. ZALEKTA Public Company Limited expects to complete the transaction within March 2025. Reported Earnings • Feb 21
Full year 2024 earnings released: ฿0.091 loss per share (vs ฿0.038 loss in FY 2023) Full year 2024 results: ฿0.091 loss per share (further deteriorated from ฿0.038 loss in FY 2023). Revenue: ฿114.5m (down 39% from FY 2023). Net loss: ฿119.0m (loss widened 139% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Feb 20
ZALEKTA Public Company Limited, Annual General Meeting, Apr 30, 2025 ZALEKTA Public Company Limited, Annual General Meeting, Apr 30, 2025, at 15:00 SE Asia Standard Time. Reported Earnings • Nov 15
Third quarter 2024 earnings released: ฿0.012 loss per share (vs ฿0.001 loss in 3Q 2023) Third quarter 2024 results: ฿0.012 loss per share (further deteriorated from ฿0.001 loss in 3Q 2023). Revenue: ฿18.5m (down 71% from 3Q 2023). Net loss: ฿16.2m (loss widened ฿14.3m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. New Risk • Sep 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (฿1.21b market cap, or US$36.3m). Reported Earnings • Aug 10
Second quarter 2024 earnings released: ฿0.013 loss per share (vs ฿0.003 profit in 2Q 2023) Second quarter 2024 results: ฿0.013 loss per share (down from ฿0.003 profit in 2Q 2023). Revenue: ฿28.2m (down 5.7% from 2Q 2023). Net loss: ฿16.4m (down ฿19.7m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.002 (vs ฿0.002 in 1Q 2023) First quarter 2024 results: EPS: ฿0.002 (in line with 1Q 2023). Revenue: ฿29.2m (down 1.0% from 1Q 2023). Net income: ฿2.36m (down 18% from 1Q 2023). Profit margin: 8.1% (down from 9.7% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 10
ZALEKTA Public Company Limited Appoints Khanngoen Nuanual as Chief Marketing Officer and Member of the Executive Committee ZALEKTA Public Company Limited announced the appointment of Mr. Khanngoen Nuanual to be an executive of the Company as Chief Marketing Officer and member of the Executive Committee effective from April 9, 2024 onwards. Reported Earnings • Feb 22
Full year 2023 earnings released: ฿0.038 loss per share (vs ฿0.019 profit in FY 2022) Full year 2023 results: ฿0.038 loss per share (down from ฿0.019 profit in FY 2022). Revenue: ฿188.3m (down 34% from FY 2022). Net loss: ฿49.7m (down 299% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 21
ZALEKTA Public Company Limited, Annual General Meeting, Apr 25, 2024 ZALEKTA Public Company Limited, Annual General Meeting, Apr 25, 2024, at 14:00 SE Asia Standard Time. Agenda: To consider and adopt the Minutes of the Extraordinary General Meeting of Shareholders No. 1/2023 held on September 19, 2023; to acknowledgment the Company’s performance of 2023; to consider and approve the audited financial statements for the year 2023 ended December 31, 2023; to consider the appointment of directors in place of those retired by rotation; and to transact other business. New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (฿1.38b market cap, or US$38.8m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ฿0.001 (vs ฿0.006 in 3Q 2022) Third quarter 2023 results: EPS: ฿0.001 (down from ฿0.006 in 3Q 2022). Revenue: ฿62.9m (up 31% from 3Q 2022). Net loss: ฿1.86m (down 131% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ฿1.06, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 26x in the Entertainment industry in Thailand. Total loss to shareholders of 35% over the past three years. New Risk • Aug 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 137% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (฿165m revenue, or US$4.7m). Market cap is less than US$100m (฿1.66b market cap, or US$47.5m). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: ฿0.002 (vs ฿0.01 in 2Q 2022) Second quarter 2023 results: EPS: ฿0.002 (down from ฿0.01 in 2Q 2022). Revenue: ฿29.9m (down 59% from 2Q 2022). Net income: ฿3.22m (down 63% from 2Q 2022). Profit margin: 11% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 21
M Pictures Entertainment Public Company Limited Announces Board Changes M Pictures Entertainment Public Company Limited announced on 20 June 2023 resolved to appoint the Executive Committee as follows: Mr. Jiratch Wongtra-ngan Chairman of the Executive Committee, Mr. Songphon Chaovanayothin Member of the Executive Committee and Mr. Thawan Petchlawlian Member of the Executive Committee. Board Change • Jun 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Piroon Shinawatra is the most experienced director on the board, commencing their role in 2023. Independent Director Thanarerk Thanakijsombat was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: ฿0.02 (vs ฿0.016 loss in FY 2021) Full year 2022 results: EPS: ฿0.02 (up from ฿0.016 loss in FY 2021). Revenue: ฿284.7m (up 78% from FY 2021). Net income: ฿25.0m (up ฿45.8m from FY 2021). Profit margin: 8.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Natchanont Komutputipong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: ฿0.028 (vs ฿0.012 loss in 3Q 2021) Third quarter 2022 results: EPS: ฿0.028 (up from ฿0.012 loss in 3Q 2021). Revenue: ฿48.2m (up ฿46.3m from 3Q 2021). Net income: ฿5.99m (up ฿18.5m from 3Q 2021). Profit margin: 12% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Natchanont Komutputipong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ฿0.02 loss per share (up from ฿0.05 loss in FY 2020). Revenue: ฿160.0m (down 44% from FY 2020). Net loss: ฿20.8m (loss narrowed 68% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Third quarter 2021 earnings released: ฿0.01 loss per share (vs ฿0.001 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ฿5.53m (down 91% from 3Q 2020). Net loss: ฿12.5m (down ฿14.3m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2020 earnings released: ฿0.05 loss per share (vs ฿0.013 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ฿287.1m (down 37% from FY 2019). Net loss: ฿64.4m (down 467% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 11
New 90-day high: ฿1.88 The company is up 15% from its price of ฿1.63 on 12 October 2020. The Thai market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ฿1.74 The company is up 32% from its price of ฿1.32 on 10 September 2020. The Thai market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 12% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS ฿0.002 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ฿61.6m (down 63% from 3Q 2019). Net income: ฿1.76m (down 83% from 3Q 2019). Profit margin: 2.9% (down from 6.1% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 10
New 90-day high: ฿1.70 The company is up 24% from its price of ฿1.37 on 11 August 2020. The Thai market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 4.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day low: ฿1.28 The company is down 9.0% from its price of ฿1.41 on 30 June 2020. The Thai market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 10.0% over the same period. 