Thaicom Public Company Limited (SET: THCOM) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
-207.19 | 62.83 |
| Earning Per Share (Baht) |
-0.1900 | 0.0600 |
| 6 Month | 6M25 | 6M24 |
| Net Profit (Loss) Million Baht |
-87.86 | 350.47 |
| Earning Per Share (Baht) | -0.08 | 0.32 |
THCOM reported a net loss of Baht 207 million in Q2/2025, primarily due to foreign exchange losses resulting from the appreciation of the Baht during the quarter. This surge in the Baht’s value has adversely impacted Thailand’s exports, including the Company, which derives a significant portion of its revenues internationally.
In Q2/2025, the Company reported revenue from sales and services of Baht 535 million, representing an increase of Baht 35 million or 7.0% from Baht 500 million in Q1/2025 (QoQ). This growth was primarily driven by revenue recognition from key projects, including the professional services for THAICOM 4 and THAICOM 6, under a contract with National Telecom Public Company Limited (NT), for which revenue recognition began in Q2/2025. Incremental revenue contribution came from the gradual return of revenue from the Universal Service Obligation (USO) Phase 2 project, operated under the National Broadcasting and Telecommunications Commission (NBTC). However, compared to Q2/2024 (YoY), revenue from sales and services declined by 16.2%, primarily due to the expiration of the USO Phase 2 project.
Despite ongoing challenges from foreign exchange volatility and macroeconomic headwinds, the Company generated a core profit of Baht 14 million in Q2/2025, highlighting effective operational management and resilience. Focusing solely on the satellite business—excluding non-satellite segments and the share of loss from the telecommunications business—the Company reported Baht 38 million in core profit, exceeding the normal core profit of Baht 24 million. These results underscore the core business’s robust profitability.
