Delta Electronics (Thailand) Public Company Limited (SET: DELTA) has reported a stellar financial performance for the fiscal year ending 31 December 2025, characterized by significant growth in both revenue and bottom-line profitability. Driven by the global surge in artificial intelligence (AI) and data-center investments, the company’s net profit soared by 31.02% to 24,814 million baht, compared to 18,939 million baht in 2024.
The company’s consolidated sales revenues reached 198,154 million baht, representing a 20.3% increase from the previous year. This growth was primarily fueled by the Power Electronics business, which saw increased demand for energy-management solutions in data centers. As major cloud service providers increased capital expenditures to enhance AI capabilities, Delta benefitted from high demand for custom-designed power systems supporting intensive computing.
Delta’s gross profit margin improved to 27.05%, up from 24.58% in 2024, supported by a shift toward healthy-margin products. However, operating expenses also rose by 20.5% to 27,280 million baht. This increase was largely attributed to higher selling expenses stemming from U.S. reciprocal tariff policies and expanded R&D investments aimed at bolstering regional innovation.
The 2025 results were further bolstered by a foreign exchange gain of 315 million baht, a sharp reversal from the 70 million baht loss recorded in 2024. This was achieved through prudent hedging despite a significant depreciation of the U.S. dollar. Notably, the company’s profit growth remained resilient despite a new 3,438 million baht top-up tax expense following Thailand’s implementation of Global Minimum Tax (Pillar Two) rules.
Reflecting the strong performance, earnings per share (EPS) rose to 1.99 baht, up from 1.58 baht in 2024. While the company faced higher liabilities due to raw material purchases and new capital expenditure commitments in Thailand and India, its overall financial position remains robust with a return on equity of 25.7%.
Additionally, the Board of Directors approved a dividend payment of THB 0.60 per share to be paid on 8 May 2026. The ex-dividend date is 26 February 2026.
