KCE Electronics Public Company (KCE) Q3 2025 earnings summary

Executive summary

• Revenue for the nine-month period ended 30 September 2025 was Baht 10,053 million, down from Baht 11,594 million year-over-year.

• Net profit attributable to owners for the nine-month period was Baht 709 million, a decrease from Baht 1,367 million year-over-year.

• A new subsidiary, KCE Printed Circuit Boards GmbH, was acquired in April 2025, contributing Baht 566 million in revenue and a Baht 9.7 million loss since acquisition.

Financial highlights

• Gross margin for the nine-month period was impacted by lower sales and higher costs, with cost of sales at Baht 8,144 million versus Baht 8,956 million year-over-year.

• Basic earnings per share for the nine-month period was Baht 0.60, down from Baht 1.16 year-over-year.

• Cash and cash equivalents at 30 September 2025 stood at Baht 1,542 million, slightly down from Baht 1,566 million at year-end 2024.

• Total assets as of 30 September 2025 were Baht 18,189 million, with total equity of Baht 13,090 million.

Outlook and guidance

• If the new subsidiary had been acquired at the start of the year, estimated consolidated revenue would have been Baht 10,391 million and profit Baht 751 million for the nine-month period.

• The company expects improved alignment of marketing strategy and cost management in Europe following the acquisition.