Retail technology powerhouse Com7 Public Company Limited (SET: COM7) delivered a standout third-quarter performance for 2026, driven by robust smartphone upgrade demand and rapid scaling across its adjacent financial and service operations.
For the third quarter ended September 30, 2026, COM7 reported a net profit attributable to owners of the parent of THB 1,365 million, representing a 56.5% increase year-over-year from THB 872 million. Consolidated revenue from sales and services jumped 35% YoY to THB 25,923 million. For the first nine months of 2026, total revenue expanded 20.9% YoY to THB 73,547 million, while net profit reached THB 3,894 million (+36.4% YoY).
Key Financial Highlights
- Net Profit: THB 1,365 million (+56.5% YoY)
- Revenue: THB 25,923 million (+35% YoY)
- Gross Profit Margin: 14.1% (up from 13.8% in 3Q25)
Core retail operations surged 32% YoY to THB 24,465 million, propelled by exceptional market reception for the iPhone 18 Pro / Pro Max series, solid same-store sales growth, and disciplined outlet expansion. Concurrently, the service business soared 116.2% YoY to THB 1,457.9 million. Non-retail verticals—including UFUND hire-purchase financing, iCare Insurance, and EV fleet leasing—gained strong commercial traction, further diversifying the group’s revenue base.
Gross profit increased 35.4% YoY to THB 3,643 million, supported by structural margin uplift from expanding service businesses and prudent promotional spending. Economies of scale lowered SG&A costs to 7.7% of total sales.
Impairment losses on financial assets rose to THB 112 million (+265.8% YoY) due to loan portfolio growth under UFUND and proactive macro provisioning, though the non-performing loan ratio remained safely below 1%. Finance costs rose 28.1% YoY to THB 96 million to support ongoing store network additions.
Total assets reached THB 41,669 million against total equity of THB 13,260 million. Working capital optimization compressed inventory turnaround to 52 days (down from 59 days in 3Q25), easing interest-bearing debt needs.
Management projects 4Q26 revenue to grow by at least 10% YoY, supported by traditional year-end retail peaks and new product launches. COM7 expects to reach 1,360 stores by the end of 2026, concentrating new openings on high-margin Studio7 and BaNANA formats while pruning underperforming outlets.
