Modernform Group PCL (BKK:MODERN)

Modernform Group PCL Financials Overview

Financials in millions THB. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	2,185	2,195	2,510	2,562	2,447	2,418
Revenue Growth	-12.90%	-12.56%	-2.03%	4.67%	1.22%	-18.65%
Gross Profit Gross Profit Growth	740.27	742.43	852.38	834.36	736.46	839.9
Operating Income Operating Income Growth	65.91	76.42	114.71	83.15	56.65	135.14
Net Income Net Income Growth	79.13	102.89	134.94	60.03	39.05	88.08
Earnings Per Share EPS Growth	0.11	0.14	0.19	0.08	0.05	0.12
EPS Growth	-61.61%	-23.75%	132.35%	53.74%	-56.61%	-36.45%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Furniture Business Furniture Business Growth	1,580	1,606	1,936	1,950	1,845	1,817
Furniture Fitting and Other Materials Business Furniture Fitting and Other Materials Business Growth	271	276	343	417	391	356
Architectural Design and Construction Business Architectural Design and Construction Business Growth	211	190	111	75	89	138
Adjusted and Elimination Adjusted and Elimination Growth	-83	-84	-83	-83	-73	-75
Rental and Service Business Rental and Service Business Growth	204	205	203	203	196	182
Total Total Growth	2,182	2,193	2,510	2,562	2,448	2,418

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	786.39	717.9	620.25	585.53	396.51	731.5
Total Debt Total Debt Growth	281.69	257.25	294.56	230.29	285.25	265.21
Net Cash (Debt) Net Cash Growth	504.7	460.65	325.69	355.24	111.26	466.29
Net Cash Growth	25.21%	41.44%	-8.32%	219.28%	-76.14%	3.33%
Net Cash Per Share Net Cash Per Share Growth	0.70	0.63	0.45	0.47	0.15	0.64

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	243.48	282.92	269.71	313.83	-38.31	191.06
Capital Expenditures CapEx Growth	-27.47	-26.97	-22.12	-29.36	-70.82	-25.54
Free Cash Flow Free Cash Flow Growth	216.01	255.95	247.59	284.47	-109.13	165.52
Free Cash Flow Growth	-4.01%	3.38%	-12.97%	-	-	-50.56%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	33.88%	33.83%	33.96%	32.57%	30.09%	34.74%
Operating Margin	3.02%	3.48%	4.57%	3.25%	2.31%	5.59%
Pretax Margin	4.92%	5.92%	6.22%	3.11%	2.42%	4.61%
Profit Margin	3.62%	4.69%	5.38%	2.34%	1.60%	3.64%
FCF Margin	9.88%	11.66%	9.87%	11.11%	-4.46%	6.84%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.150	0.150	0.180	0.090	0.060	0.120
Dividend Per Share Growth	-16.67%	-16.67%	100.00%	50.00%	-50.00%	-40.00%
Dividend Yield	7.50%	7.32%	9.62%	4.33%	2.18%	3.94%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	18.34	14.43	10.81	31.23	64.92	32.36
Forward PE	-	11.04	11.04	11.04	11.04	11.04
P/FCF Ratio	6.25	5.80	5.89	6.59	-	17.22
PS Ratio	0.62	0.68	0.58	0.73	1.04	1.18

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error