Dr. Sunhavut Thamchuanviriya, CEO of Millennium Group Corporation (Asia) Public Company Limited (SET: MGC), revealed the company’s performance in 2Q25 as MGC remains confident in its profit, forecasting its significant growth from both previous quarter’s THB 55 million and the same period last year’s THB 50 million.
This rise would mainly be attributable to the mobility retail service. The company’s vehicle delivery rate is now higher than before, including the delivery of internal combustion engines (ICE). In the past, MGC only focused on selling vehicles that generate good profit and well-received electric vehicles (EV), like XPENG and ZEEKR.
On May 13, 2025, the company had a total delivering backlog order of 2,159 vehicles, both ICE and EV. Most of which will be delivered during the second and third quarter. Dr. Sunhavut stated that the company has 2,100 units expected to be delivered in the second and third quarter, which is a high number among the market. MGC is focusing on a premium market and also some specific premium models, leading to a small increase in cost of sales.
Besides the mobility retail service and the management over cost of sales and overall cost, the other factors that help push the net profit also include the after sales service, which generates a good profit margin, and rental service.
Moreover, in the Mobilelife platform, the company has a total members of 39,187, with 74% of them being active, due to attractive offers and promotions. MGC is confident that the member figure will reach 100,000 by the end of 2025.
Based on these factors, the company is confident in its performance’s growth during the first half of 2025 when compared to the same period last year. During then, MGC had a revenue of THB 5.3 billion and net profit of THB 50 million.
Regarding overall performance this year, the company still aims to increase revenue by 10% from last year’s THB 20.33 billion, despite facing pressure from multiple factors, such as the stagnation in the vehicle industry, the slowdown in the Thai economy, and the drop of Thai people’s purchasing power.
As for net profit, MGC remains confident that its figure can rise by 10% from last year’s THB 145 million. This forecast is aligned with cost and expense management, vehicle collection volume, and continued service usage by alliance brand members.
