AAPICO Hitech Public Company (AH) investor relations material

Executive summary

• Revenue declined by 6.0% year-over-year in Q1 2026, with net profit attributable to equity holders rising 2.7%–3% to THB 314 million.

• Core net profit margin increased from 4.5% in Q1 2025 to 4.8% in Q1 2026, supported by lower net interest and tax expenses.

• Total comprehensive income rose to THB 535 million from THB 405 million in Q1 2025, driven by translation adjustments and share of other comprehensive income from associates and JVs.

• 5% of automotive parts manufacturing revenue now comes from EV parts, reflecting a strategic shift toward electric vehicles.

• The auditor reviewed the interim financials and found no material misstatements.

Financial highlights

• Total revenue for Q1 2026 was THB 6,419 million (THB 6,333 million per another source), down 6.0% year-over-year.

• Gross profit margin improved to 10.4% from 9.9% in Q1 2025, as cost of sales and services decreased.

• Basic EPS increased to THB 0.94 from THB 0.91 year-over-year.

• Cash and cash equivalents declined to THB 768 million from THB 2,296 million at year-end 2025.

• Net cash from operating activities was THB 680 million, but investing activities used THB 1,947 million, mainly due to increased financial assets and acquisitions.

Outlook and guidance

• Revenue for 2026 expected to align with industry trends, with a solid secured pipeline supporting medium- to long-term growth.

• Core net profit margin anticipated to exceed 2025 levels.

• Strategic focus on expanding global presence, especially through new U.S. joint ventures and EV components.

• After the reporting period, a dividend of THB 0.48 per share (THB 161 million) was approved, and an additional EUR 10 million investment in a subsidiary was authorized.

• Company remains cautious amid global uncertainties, maintaining an agile and prudent growth approach.