AAPICO Hitech Public Company (AH) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was THB 6,746 million, down 9.5% year-over-year; net profit attributable to equity holders was THB 306 million, a 4% decrease from Q1 2024.

• Gross margin and operating profit declined due to lower sales and higher costs; EPS was THB 0.91, slightly up from THB 0.90 last year due to lower share count.

• Cash flow from operations improved to THB 539 million, up from THB 182 million in Q1 2024.

• No significant changes in group structure or accounting policies during the period.

• Board approved a dividend of THB 0.48/share for 2024 results, to be paid in May 2025.

Financial highlights

• Revenue: THB 6,746 million (Q1 2025), down from THB 7,452 million (Q1 2024).

• Net profit: THB 307 million (Q1 2025) vs. THB 321 million (Q1 2024).

• Operating profit: THB 351 million, down from THB 375 million year-over-year.

• EBITDA: Depreciation and amortization was THB 331 million; EBITDA not directly stated.

• Basic EPS: THB 0.91 (Q1 2025) vs. THB 0.90 (Q1 2024), reflecting treasury share impact.

Outlook and guidance

• No explicit forward guidance provided; management notes no significant changes in business structure or policies.

• Recent investments in Europe and the US signal continued international expansion.

• Dividend payout for 2024 signals confidence in cash flow and future prospects.