Delta Electronics (Thailand) Public Company Limited (SET: DELTA) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
4,629.06 | 6,565.02 |
| Earning Per Share (Baht) |
0.37 | 0.53 |
| % Change | -29.49 | |
| 6 Months | 1H25 | 1H24 |
| Net Profit (Loss) Million Baht |
10,117.18 | 10,872.53 |
| Earning Per Share (Baht) | 0.81 | 0.87 |
| % Change | -6.95 | |
DELTA reported a net profit of Baht 4,629 million in 2Q25, a 29.50% drop from the same period of last year. The results also missed expectations from LSEG by 13.4%, estimating at Baht 5,345 million.
Operating profit also saw a drop by 13.9% YoY, primarily due to higher customs-related expenses, increased provisions for receivable accounts, and elevated investment in R&D.
In the second quarter, DELTA faced a Baht 58 million of loss in foreign exchange, compared to a gain of Baht 379 million in 2Q24.
Sales revenues and Service income for this quarter were Baht 44,490 million, a rise of 6.5% YoY, driven by the robust growth momentum of core businesses especially Power Electronics and ICT Infrastructure underlying an accelerated global investment trend to deploy artificial intelligence technologies (AI).
Selling and administrative expenses (including research and development) totaled Baht 6,011 million, a rise of 11.3% Y-o-Y mainly from higher selling expenses related to customs duties following the U.S. administration began imposing reciprocal tariff policies this quarter. As a result, DELTA stated that it incurred export duty costs, which are recoverable from customers under mutually agreed terms.
Net trade and other receivables as at 30 June 2025 were Baht 38,496 million, higher by Baht 5,590 million or 17.0% from 31 December 2024 in line with increased revenue.
As at 30 June 2025, total liabilities of the Company and its subsidiaries amounted Baht 48,697 million, a rise of Baht 5,542 million or 12.8% from 31 December 2024, mainly driven by increased trade payables based on growing sales revenue, together with a provision for top-up tax according to the Pillar Two model rules by the Organization for Economic Co-operation and Development (OECD).
