Bangkok Expressway and Metro Public Company Limited (SET: BEM) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
871.01 | 847.16 |
| Earning Per Share (Baht) |
0.0600 | 0.0600 |
| % Change | 2.82 | |
In the first quarter of the year 2025, BEM’s net profit attributable to equity holders was THB 871 million, an increase of THB 24 million or 3% YoY. Although revenue was affected by service suspension during the earthquake incident and the collapse of a concrete beam in March 2025, total service revenues remained close to the same quarter of the previous year. In addition, the company’s effective management over the cost of services and finance costs has contributed to the company’s sustained growth in operating performance.
BEM’s service revenues amounted to THB 4.259 billion, an increase of THB 10 million or 0.2% YoY.
- Revenue from Expressway Business decreased 2% YoY to THB 2.245 billion.
- Revenue from Rail Business increased 4% YoY to THB 1.749 billion.
- Revenue from Commercial Development Business increased 0.4% YoY to 265 million.
Other incomes amounted to THB 15 million, consisting of interest income and other revenue. This represents a decrease of THB 14 million or 48% YoY, mainly due to lower interest income from deposit. This resulted from higher deposits in the first quarter of 2024 from bond issuance reserved for the repayment of debt maturing in the following quarter.
BEM’s cost of services amounted to THB 2.327 billion, a decrease of THB 30 million or 1% YoY, mainly due to effective overall expense management and a reduction in maintenance costs, in line with the scheduled maintenance plan.
The company’s finance costs amounted to THB 567 million, a decrease of THB 11 million or 2% YoY, due to the principal repayment in accordance with the contract. Currently, the company holds a debt proportion of fixed interest rate at 77% and floating interest rate loans at 23%.
