Millennium Group Corporation (Asia) Public Company Limited (SET: MGC) has officially entered a new growth cycle, reporting a record net profit of THB 1,284 million for the full year 2025, representing a staggering 782% increase compared to 2024. Total revenue for the group climbed to THB 22,477 million, up 11% year-on-year, driven primarily by the robust expansion of its mobility retail business.
While the bottom line was bolstered by a THB 601 million one-time fair value gain arising from the measurement of an investment in an associate, the company’s underlying performance remains exceptionally strong. Excluding this one-time item, core profit stood at THB 683 million, surging 369% from the previous year. This growth reflects the group’s successful strategic shift toward a fully integrated Mobility Ecosystem.
A major catalyst for this “quality growth” was the mobility retail segment, which generated THB 16,769.5 million, a 14.5% increase over 2024. MGC solidified its leadership in the premium EV market through brands such as XPENG, ZEEKR, and BMW.
Notably, the company’s decision to increase its stake in Neo Mobility Asia to 99.99% in August 2025 allowed it to consolidate 100% of the performance from its electric vehicle distribution group. Furthermore, Alpha X, the group’s wealth lending joint venture, delivered a net profit of THB 83 million, driven by strong demand for high-quality credit from ultra-high-net-worth clients.
Profitability margins saw significant improvement due to disciplined operations. Gross profit surged 51.6% to THB 2,902 million, with margins expanding from 9.4% to 12.9% as a result of strict cost management. EBITDA rose 49% to THB 2,424 million, while financial costs declined by 5%.
Following these robust results, MGC announced an additional interim dividend of THB 0.11 per share, bringing the full-year total to THB 0.25 per share and representing a 5.7% yield. The ex-dividend (XD) date is set on March 10, 2026, with a payment date on March 24, 2026.
With its strengthened EV strategy and growing recurring income from aftersales and rental services, the group is well-positioned for sustainable long-term earnings growth.
