Business Online (BOL) Q4 2025 earnings summary

Executive summary

• Consolidated revenue for 2025 was ฿806.1 million, up from ฿723.5 million in 2024, with net profit rising to ฿291.0 million from ฿275.7 million year-over-year.

• Service income grew to ฿756.8 million, with significant contributions from information services and data/risk management.

• Dividend income increased to ฿49.0 million, mainly from National Credit Bureau Co., Ltd.

Financial highlights

• Operating profit reached ฿320.1 million, up from ฿312.3 million year-over-year.

• Basic EPS was ฿0.35, compared to ฿0.34 in 2024.

• Total assets increased to ฿1,550.0 million from ฿1,406.7 million year-over-year.

• Cash and cash equivalents decreased to ฿258.5 million from ฿370.0 million.

• Total liabilities rose to ฿453.3 million, with a debt-to-equity ratio of 0.41:1.

Outlook and guidance

• Revenue of ฿359.9 million is expected to be recognized in future periods from unsatisfied performance obligations, to be realized within 2–5 years.

• Management expects no significant impact from new or upcoming financial reporting standards.