Financial Performance - The company's revenue for the fiscal year ending December 31, 2025, was approximately 381.1 million THB, an increase of about 272 million THB compared to 109.1 million THB for the fiscal year ending December 31, 2024[3]. - The company recorded a net loss after tax of 106.3 million THB for the fiscal year 2025, compared to a net loss of approximately 286.1 million THB for the fiscal year 2024[3]. - Gross profit for the fiscal year 2025 was 85.6 million THB, significantly higher than 24.0 million THB in the fiscal year 2024[5]. - Total comprehensive loss for the fiscal year 2025 was 103.9 million THB, compared to 285.7 million THB in fiscal year 2024[5]. - The company reported a net loss attributable to shareholders of 106,338 THB, compared to a loss of 286,090 THB in the previous year, indicating a significant improvement[6]. - The group reported a loss of approximately 106 million THB for the year ending December 31, 2025, compared to a loss of 286 million THB in 2024[15]. - The company’s total revenue for the year 2025 is reported at 381,064 thousand Thai Baht, compared to 109,067 thousand Thai Baht for the year 2024, indicating significant growth[31]. - The company’s revenue for 2025 is approximately 3.5 times higher than that of 2024, attributed to new projects that began production in 2025[64]. Revenue Sources - Major customer contributions to total revenue include Customer C with 192,757 thousand Thai Baht in 2025 and Customer B with 33,512 thousand Thai Baht in 2024[32]. - Revenue from IT integration solutions for 2025 is 304,524 thousand Thai Baht, a substantial increase from 34,053 thousand Thai Baht in 2024[34]. - IT support services generated revenue of 19,715 thousand Thai Baht in 2025, compared to 71,417 thousand Thai Baht in 2024, showing a decline[34]. - The company reported a total of 56,825 thousand Thai Baht from equipment sales in 2025, up from 3,597 thousand Thai Baht in 2024[34]. - The total revenue from external customers in Thailand for 2025 is 328,450 thousand Thai Baht, compared to 109,067 thousand Thai Baht in 2024[31]. - The company does not report any significant contributions from major customers exceeding 10% of total revenue for the year ending December 31, 2025[32]. Expenses and Costs - Selling and administrative expenses increased to 110.2 million THB in fiscal year 2025 from 55.4 million THB in fiscal year 2024[5]. - The company incurred a total of 295,427,000 THB in selling and service costs for the year[38]. - Employee benefits expenses totaled 48,165,000 THB in 2025, an increase from 42,724,000 THB in 2024[38]. - Administrative expenses for fiscal year 2025 were approximately 110.2 million THB, an increase of about 54.8 million THB, mainly due to increased professional fees and depreciation expenses[72]. - Sales and distribution expenses for fiscal year 2025 were approximately 2.8 million THB, a decrease of about 3.0 million THB compared to the previous year, mainly due to reduced salaries in the sales department[71]. - Financial costs for fiscal year 2025 were approximately 34.9 million THB, a decrease of about 6.8 million THB, primarily due to lower interest expenses from loans[73]. Assets and Liabilities - Total non-current assets decreased from 392,330,000 THB in 2024 to 290,853,000 THB in 2025, representing a decline of approximately 26%[7]. - Current assets decreased from 844,656,000 THB in 2024 to 813,140,000 THB in 2025, a reduction of about 4%[7]. - Total liabilities decreased from 660,390,000 THB in 2024 to 610,951,000 THB in 2025, reflecting a decline of approximately 7%[8]. - Total equity increased from 364,377,000 THB in 2024 to 333,809,000 THB in 2025, indicating a decrease of about 8%[8]. - The company’s total assets decreased from 1,236,986,000 THB in 2024 to 1,104,993,000 THB in 2025, reflecting a decline of approximately 11%[7]. - The company has bank guarantees amounting to approximately 155.36 million THB as of December 31, 2025, compared to 145.45 million THB in 2024[62]. Financing and Capital Structure - The company raised approximately 28.8 million HKD (equivalent to about 135 million THB) from the issuance of 80,000,000 shares, increasing the total issued shares from 600,000,000 to 680,000,000[54]. - The company has entered into a new placement agreement to issue up to 120,000,000 shares at a price of 0.08 HKD per share[56]. - The total net proceeds from the subscription amount to approximately HKD 16.98 million, equivalent to a net issuance price of about HKD 0.106 per share[89]. - 50% of the net proceeds will be used for potential new business expansion into point-of-sale devices and terminal machine trading, while the other 50% will be allocated for general working capital and repayment of bank loans[89]. - The company completed a placement of up to 120,000,000 shares at a price of HKD 0.08 per share, raising approximately HKD 9.6 million[84][85]. - The net proceeds from the placement, after deducting commissions and other expenses, were approximately HKD 9.25 million, intended for general working capital[86]. Future Outlook - The company plans to focus on new projects contributing to revenue growth in the upcoming fiscal year[3]. - The board is optimistic about future performance despite the current net loss, attributing it to investments in new initiatives[3]. - The company remains cautiously optimistic about the launch of new projects delayed to 2026, expecting future revenue to benefit from these initiatives[65]. - The company continues to focus on acquiring new projects and delivering existing ones, maintaining strong confidence in its long-term prospects[66]. Governance and Compliance - The company has adhered to all applicable corporate governance rules as of December 31, 2025, except for the separation of roles between the Chairman and the CEO, which is currently held by Mr. Asvaplungprohm[105]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed the financial reporting procedures and internal control measures as of December 31, 2025[109]. - The independent auditor has confirmed that the consolidated financial statements reflect the group's financial position as of December 31, 2025, in accordance with International Financial Reporting Standards[113].
佰达国际控股(01949) - 2025 - 年度业绩