VGI Public Company Limited (SET: VGI), Thailand’s leading Offline-to-Online (O2O) solutions provider through a diverse platform, reported its operating results for the third quarter of fiscal year 2025/26, with total service and sales revenue of THB 1.28 billion.
Despite economic pressures and a slowdown in advertising spending, performance improved compared to the previous quarter, reflecting the company’s operational agility and timely strategic adjustments in response to market conditions. VGI recorded a net profit of THB 83 million and maintained a strong financial position, with cash, cash equivalents, and other current financial assets of THB 21.31 billion, supporting the enhancement of its core businesses and future growth opportunities.
During the quarter, the ADVERTISING BUSINESS continued to develop its products and launched new media packages, including BTS MAX, BTS Concourse, and MOVE 360 Full, to enhance the effectiveness of reaching consumers across urban areas and throughout their commuting routes.
Advertising media within mass transit systems and office buildings continued to attract strong interest from clients. The DIGITAL SERVICES BUSINESS remained a key driver of VGI’s ecosystem. Rabbit Card recorded over 20.8 million accumulated cards in circulation, with strong market response to its special-edition collections.
Rabbit Care strengthened its position as an online insurance brokerage platform by expanding into life insurance and broadening its range of financial products. Rabbit Cash continued to expand its digital lending business, particularly welfare loans for employees of partner organisations. For the DISTRIBUTION BUSINESS the company continued to develop products and diversify its sales channels.
Fanslink expanded its role as a full-service e-commerce enabler, enabling businesses to efficiently bring products to online markets, covering store management, marketing and sales, and customer service. Fanslink was certified as a Premium Shopee-Certified Enabler. In addition, Fanslink further advanced the Snack Maker project in collaboration with content creators to introduce distinctive snack products.
Meanwhile, Turtle continued to implement promotional campaigns under the Turtle Club programme, including discount coupon campaigns and Turtle Club Member Day, to stimulate spending. Turtle also plans to continue expanding its retail network both within and beyond rail transit systems to enhance retail capabilities and support the Group’s ecosystem.
During the quarter, VGI benefited from a strengthened shareholder structure following an increase in shareholding by BTS Group, reflecting confidence in the company’s growth direction. This was complemented by ISO 27001 and ISO 27701 certifications, reaffirming the effectiveness of its information security and personal data management systems in line with international standards.
Amid ongoing economic challenges, VGI remains committed to prudent growth strategies, enhancing efficiency across all business units, and expanding strategic partnerships to further strengthen its ecosystem and deliver sustainable long-term growth.
