Asefa Public Company (ASEFA) Q4 2025 earnings summary

Executive summary

• Completed acquisition of U-Services (Thailand) Co., Ltd., increasing ownership to 60% and reclassifying it as a subsidiary, with goodwill recognized at Baht 66.21 million.

• Revenue from sales and services for the new subsidiary from July to December 2025 was Baht 273.7 million, with profit attributable to equity holders at Baht 11.2 million.

• If acquired from January 1, 2025, revenue would have been Baht 482.0 million and profit Baht 8.8 million.

Financial highlights

• Consolidated cash and cash equivalents at year-end: Baht 485.3 million.

• Trade and other current receivables (net): Baht 766.2 million.

• Inventories (net): Baht 851.8 million.

• Total trade and other current payables: Baht 918.3 million.

• Long-term loans from financial institutions: Baht 228.0 million (consolidated).

• Basic earnings per share: Baht 0.42 (consolidated).

• Dividend paid for 2024 results: Baht 0.14 per share (Baht 73.78 million).

Outlook and guidance

• Board resolved to pay a dividend of Baht 180.91 million for 2025, subject to shareholder approval.

• A subsidiary received tax incentives for manufacturing, including a 5-year corporate income tax exemption.