Mono Next Public Company Limited (SET: MONO) has released its fiscal year 2025 results, revealing a significant reduction in net loss despite a decline in overall top-line revenue. The company reported a net loss of THB 413.1 million, a marked 48.1% improvement compared to the THB 796.7 million loss recorded in 2024.
Total revenue for the year fell by 17.9% to THB 1,509.4 million. This downturn was primarily driven by a 36.5% drop in advertising revenue, which plummeted to THB 628.3 million, aligning with a broader industry-wide decline in TV advertising spending. Additionally, product sales revenue from home shopping ceased entirely in 2025.
Conversely, the company’s content service revenue—comprising Monomax and GIGATV—grew by 3.7% to THB 755.6 million. This segment’s growth highlights the company’s transition toward an Over-the-Top (OTT) world. Performance was bolstered by Monomax becoming a primary platform for live broadcasts of the Premier League and Emirates FA Cup, with revenue recognition for these sports rights beginning in the second half of 2025.
The company’s bottom line was impacted by a THB 197.2 million asset impairment loss related to the digital TV business, attributed to changing consumer behavior. However, this was a significant 54.4% reduction from the THB 432.1 million impairment charge taken in 2024. Cost of sales and services also decreased by 10.5% to THB 1,139.4 million, largely due to lower amortization expenses resulting from more efficient copyright management.
Moving into 2026, MONO plans to deepen its commitment to sports and lifestyle entertainment. The strategy involves increasing sports and lifestyle content on the MONO29 TV channel to 38% and 18% respectively, as well as leveraging a partnership with the JAS Group to target 3 million subscribers for Premier League broadcasts. By focusing on premium content and liquidity management, the company aims to generate continuous long-term revenue and strengthen its capital structure.
