Millennium Group Corporation (Asia) Public Company Limited (SET: MGC) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss)
Million Baht |
54.25 | 50.30 |
| Earning Per Share
(Baht) |
0.0490 | 0.0450 |
| % Change | 7.85 | |
| 6 Months | 2025 | 2024 |
| Net Profit (Loss)
Million Baht |
7.51 | 13.33 |
| Earning Per Share (Baht) | 0.0070 | 0.0120 |
| % Change | -43.63 | |
For the three-month period ended June 30, 2025, MGC reported a net profit of THB 53.8 million, representing an increase of 7.3% compared to the same period last year and accounting for a net profit margin of 1.1%.
The increase was mainly due to an increase in share of profit from (1) Neo Mobility Asia, an indirect associate, due to high vehicle deliveries from Q4/2024 to the current period, and (2) Alpha X, a direct joint venture, due to revenue growth from wealth lending services targeting ultra high net worth clients, while operating expenses remain well-managed in accordance with strategic targets.
Revenue from sales and services stood at THB 4,717.0 million, showing a decrease of 10.6% compared to 2Q24, which mainly came from the decrease in revenue of mobility retail business. Sales of BMW by MAG and Honda by SHA decreased due to (1) the economic downturn leading to more cautious buying behavior of consumers, (2) loans approval is more difficult, and (3) change in automotive market trend from the arrival of electric vehicle brands, providing customers with more options leading to high price competitiveness.
Nonetheless, the Group had an increasing revenue of car rental and driver service business of THB 415.6 million, which was in line with the ascending short-term and long-term car rental services of MCR and MDS.
