Performance Highlights

Presenting key metrics and figures for a financial snapshot overview of a company's financial performance.

Financial Highlights in 9M25

Overall Operating Revenue
THB mn
(down by 10.3% YoY)
Gross Profit
THB mn
representing 51.8% of operating revenue
SG&A Expenses
THB mn
representing 31.5% of operating revenue
Adjusted Net Profit
THB mn
(down by 10.1% YoY)
Reported Net Profit
THB mn
(down by 2.8% YoY)

Financial Highlights

Total Operating Revenue
(Unit: THB mn)
THB mn
Total Assets
(Unit: THB mn)
THB mn
Total Profits
(Unit: THB mn)
THB mn
Adjusted Total Profits
(Unit: THB mn)
THB mn
Consolidated Income Statement
Figures in THB mn
2020 2021 2022 2023 2024 9M24 9M25
Operating Revenue 12,589 14,136 15,686 15,681 15,344 11,687 10,483
Gross profit 4,986 5,911 7,040 7,095 7,754 5,799 5,430
Selling and Admin. exp (SGA) 3,299 3,769 4,359 4,191 4,385 3,306 3,307
SGA (% to revenue) 26.2% 26.7% 27.8% 26.7% 28.6% 28.3% 31.5%
Net Profit (Adjusted) of core business1 1,462 1,882 2,290 2,327 2,236 1,595 1,435
(% to revenue) 11.6% 13.3% 14.6% 14.8% 14.6% 13.6% 13.7%
Net foreign exchange gain/(loss)2 18 119 2 (325) (188) (201) (78)
Normalizing tax expense - - - 31 - - -
Net losses from new businesses (91) (60) (52) (41) (36) (20) (22)
Net profits-Reported 1,388 1,941 2,240 1,993 2,013 1,373 1,335
Operating cash inflow 1,629 2,727 1,997 1,926 2,401 1,600 1,714
% to net profits 117.4% 140.5% 89.1% 96.7% 119.0% 116.5% 128.4%
Cash cycle (days) 126 124 119 132 140 146 145
Revenue by Segments
Mega We Care  business 5,848 6,909 8,053 8,005 8,371 6,103 6,365
Maxxcare business 6,502 6,906 7,319 7,397 6,667 5,348 3,902
OEM 239 320 314 279 306 237 216
Consolidated Balance Sheet
Figures in THB mn
2020 2021 2022 2023 2024 9M24 9M25
Cash and bank balances3 1,218 2,531 2,789 2,712 3,813 2,915 3,773
Trade accounts receivable 2,507 2,557 3,107 3,314 2,975 2,970 3,108
Inventories 3,489 3,823 4,109 3,377 3,033 3,118 3,103
Property, plant and equipment4 1,985 1,874 1,936 2,010 1,978 1,966 1,940
Intangible assets5 1,312 1,353 1,329 1,319 1,319 1,333 1,297
Other assets 1,046 1,134 1,376 1,383 1,092 1,230 1,425
Total Assets 11,590 13,272 14,646 14,115 14,210 13,533 14,646
Bank overdrafts & short-term Loans 499 168 229 76 288 169 438
Trade Payables 2,048 2,527 2,793 1,925 1,685 1,841 1,809
Other Liabilities 2,031 2,552 2,847 2,812 2,361 2,285 2,716
Total Outside Liabilities 4,578 5,247 5,870 4,813 4,333 4,295 4,963
Shareholder Equity 6,979 8,025 8,777 9,302 9,877 9,238 9,683
Total Liabilities and Equity 11,590 13,272 14,646 14,115 14,210 13,533 14,646
Key Balance Sheet Elements
Net cash/(debt) 718 2,363 2,560 2,636 3,525 2,747 3,335
Net cash used in / (generated) from investing activities6 646 142 279 230 4 (44) 378
Net debt/Equity (times) (0.11) (0.32) (0.30) (0.29) (0.36) (0.30) (0.34)
Remark:
  1. Adjusted net profits are net profit adjusted for losses from newly started businesses including startups, net foreign exchange gains or losses and non-recurring material income or expenses or taxes, based on best estimates, to reflect normal business performance.
  2. Excluding Dual currency rate effect in Myanmar impact, based on best estimates, is due to difference between bank rate of exchange by Central bank of Myanmar adopted for financial reporting per International Financial Reporting Standards vs Actual transacted market rates, resulting in inflated sales, gross margins, SG&A and forex losses, not materially impacting the overall profitability.
  3. Cash and bank balances as at balance sheet dates include non-restricted term deposits with banks
  4. Includes asset classified as investment property
  5. Includes goodwill
  6. Net cash used in investing activities includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.