Namyong Terminal Public Company (NYT) H2 2024 earnings summary

Executive summary

• Leading provider of roll-on/roll-off (Ro/Ro) terminal services for car exports/imports in Thailand, holding an 80% market share at A5 Terminal over the past three years.

• Diversified into warehouse, storage, and logistics services, with significant expansion in warehouse capacity and new business ventures.

• Achieved SET ESG Ratings level "AA" and maintained a 5-star CGR score for 9 consecutive years.

Financial highlights

• Total revenue for 2024 was THB 1,715.1 million, down 2.7% from 2023, mainly due to lower car export volumes.

• Net profit for 2024 was THB 449.2 million, up 2.8% year-over-year, with a net profit margin of 26.2%.

• Gross profit margin remained strong at 42.8% in 2024.

• Dividend payment proposed at THB 0.42 per share for 2024, with a payout ratio of 92.2%.

• Cash flow from operations was THB 890.6 million; cash and equivalents at year-end were THB 302.4 million.

Outlook and guidance

• The Thai economy is expected to grow below 3% in 2025, with continued challenges from global trade tensions and high household debt.

• The company aims to maintain market leadership, expand into new logistics businesses, and further improve ESG ratings.

• Focus on digital transformation, sustainability, and risk management to support long-term growth.