Ditto (Thailand) Public Company Limited (SET: DITTO) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
146.41 | 104.59 |
| Earning Per Share (Baht) |
0.2110 | 0.1550 |
| % Change | 39.99 | |
For 1Q25, DITTO had a net profit of THB 146.41 million, increased by THB 41.82 million YoY, which was a 40% increase. This profit growth was primarily driven by the expansion of revenue from the company’s core operations.
In contrast to 1Q24, which included high-value sales of technology products with comparatively lower gross margins, the current quarter’s profit reflects a stronger contribution from recurring service-based income. This highlights the company’s shift towards a more sustainable and quality-driven revenue structure.
DITTO is still able to maintain growth in net profit continuously, mainly from the revenues of the technology engineering project of the government sector and from the revenues of the distribution and provision of Data & Document Management business in which the company has expanded the services to government and private sectors. As a result, the total revenues from sales and services amounting to THB 745.27 million, increased by THB 27.89 million YoY, which was a 4% increase.
Regrading revenues from the Distribution and Provision of Data & Document Management and Cyber Security business, its significant growth in this quarter was driven by the continued expansion of the company’s software development services, mainly from the “Digitization” project, particularly a major project under the Digital Title Deeds project, in which the Company provided nationwide data entry services for online land registration to the Department of Lands, valued at THB 94.07 million.
In the first quarter of 2025, the Company recognized a share of profit from the investment in associates and joint ventures at the amount of THB 16.84 million, which increased by THB 10.69 million compared to the same period of previous year, which was a 174% increase. This reflects the Company’s effective investment management and the strength of its strategic business partnerships.
As for cost of sales and services, DITTO reported its total volume of THB 538.6 million, a decrease by THB 20.02 million YoY, which was a 4% decrease.
The gross profit was THB 206.67 million, an increase of THB 47.91 million or 30% YoY.
