KCE Electronics Public Company (KCE) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was THB 3,324 million, down 12% year-over-year from THB 3,780 million.

• Net profit attributable to owners was THB 229.8 million, a 55% decrease from THB 515.4 million in Q1 2024.

• Total assets stood at THB 18,600 million as of 31 March 2025, up slightly from year-end 2024.

• The interim financial statements received an unqualified review from the independent auditor.

Financial highlights

• Gross margin for Q1 2025 was 17.4%, down from 23.1% in Q1 2024.

• Operating profit was THB 270 million, a 55% decline year-over-year.

• Basic EPS was THB 0.19, compared to THB 0.44 in Q1 2024.

• Cash and cash equivalents increased to THB 2,176 million from THB 1,566 million at year-end.

• Net cash from operating activities was THB 980 million, down from THB 1,227 million in Q1 2024.

Outlook and guidance

• Annual dividend of THB 0.60 per share approved, to be paid in Q2 2025.

• Management expects continued pressure on revenue and margins due to market conditions.