Namyong Terminal Public Company (NYT) Q4 2024 earnings summary

Executive summary

• Financial statements for the year ended 31 December 2024 were audited and present fairly in all material respects in accordance with Thai Financial Reporting Standards.

• The Group operates primarily in port services, warehouse rental, and transport vessel services, with all operations based in Thailand.

Financial highlights

• Total consolidated revenue was Baht 1,715 million in 2024, down from Baht 1,762 million in 2023.

• Net profit attributable to equity holders was Baht 498 million, with basic EPS of Baht 0.40 (2023: Baht 0.40).

• Total assets stood at Baht 6,553 million, and total equity at Baht 3,448 million as of 31 December 2024.

• Dividend paid in 2024 was Baht 446.4 million (Baht 0.36 per share); a further Baht 0.42 per share dividend was proposed post-year-end.

Outlook and guidance

• The concession agreement for the A5 Terminal was extended to April 2026, with management expecting no early termination.

• The Group expects to maintain sufficient liquidity and has access to various funding sources.