Business Online (BOL) Q4 2024 earnings summary

Executive summary

• Consolidated revenue for 2024 was THB 723.5 million, down from THB 783.3 million in 2023, with net profit at THB 275.7 million, a decrease from THB 290.3 million year-over-year.

• Service income declined to THB 680.4 million from THB 727.2 million, reflecting lower demand or contract completions.

• Dividend income from equity investments was THB 42.9 million, mainly from National Credit Bureau Co., Ltd.

Financial highlights

• Operating profit was THB 312.3 million, down from THB 350.8 million year-over-year.

• Basic EPS was THB 0.34, compared to THB 0.35 in 2023.

• Total assets increased to THB 1,406.7 million from THB 1,388.2 million year-over-year.

• Cash and cash equivalents rose to THB 369.97 million from THB 311.62 million.

• Total liabilities increased to THB 365.3 million from THB 358.8 million.

• Dividend payments for 2024 totaled THB 262.56 million (THB 0.32 per share).

Outlook and guidance

• Revenue from unsatisfied performance obligations as of year-end is expected to be THB 65.2 million, to be recognized over the next 2–5 years.

• Management expects no significant impact from new financial reporting standards effective in 2025.