STECON Posts Stellar 2Q25 Earnings, Boosted by Improved Gross Profit and Insurance Claim

STECON GROUP Public Company Limited (SET: STECON) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 2Q25 2Q24
Net Profit (Loss)

Million Baht

512.08 24.28
Earning Per Share

(Baht)

0.3400 0.0200
% Change 2,009.07
6 Month 2025 2024
Net Profit (Loss)

Million Baht

853.60 35.78
Earning Per Share (Baht) 0.56 0.02
% Change 2,285.89

 

STECON reported a net profit in 2Q25 of Baht 512.08 million, an increase of Baht 487.8 million or 2,009.07% compared to the previous year. The increased net profit was due to improved gross profit, more efficient cost and expense control, and from the insurance claim recovery of Baht 400 million for the Bueng Nong Bon Drainage Tunnel Construction Project in the second quarter.

The Company recorded total revenues of Baht 8,802.59 million for the quarter. Compared to the same periods in 2024, total revenue was Baht 8,684.63 million for the quarter, representing an increase of Baht 117.96 million. This reflects a growth of 1.36% for the quarter. Primary contributions to total revenues were from construction contracts amounting to Baht 8,718.91 million for the quarter.

The Company recorded total costs and expenses of Baht 8,130.15 million for the quarter, a decrease from the same quarter in 2024 by Baht 334.38 million or down by 3.95%.