Asefa Public Company (ASEFA) Q4 2025 earnings summary

Executive summary

• Total assets increased to 4,442.7 million Baht as of December 31, 2025, up from 3,444.3 million Baht in 2024, reflecting growth in both current and non-current assets.

• Total liabilities rose to 2,426.7 million Baht from 1,565.8 million Baht year-over-year, mainly due to higher short-term and contract liabilities.

• Shareholders' equity reached 2,015.9 million Baht, up from 1,878.6 million Baht, supported by retained earnings and asset revaluation.

Financial highlights

• Revenues from sales and services increased to 3,306.4 million Baht, up from 3,149.3 million Baht year-over-year.

• Gross profit rose to 822.0 million Baht from 661.6 million Baht, with gross margin improvement.

• Net profit attributable to equity holders was 219.2 million Baht, up from 70.4 million Baht.

• Basic earnings per share increased to 0.42 Baht from 0.13 Baht.

• Total comprehensive income attributable to equity holders was 194.0 million Baht, up from 397.9 million Baht, reflecting significant asset revaluation.

Outlook and guidance

• Asset and equity growth, along with increased retained earnings and reserves, position the group for continued expansion.