BTS Group Holdings Public Company Limited (SET: BTS) has announced FY1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | FY1Q25 | FY1Q24 |
| Net Profit (Loss)
Million Baht |
-229.57 | -374.22 |
| Earning Per Share
(Baht) |
-0.0140 | -0.0280 |
| % Change | 38.65 | |
BTS reported a net loss in FY1Q25 ending June 2025 of Baht 229.57 million, a decrease of Baht 144.65 million or 38.65% compared to the previous year. The narrower loss was primarily driven by the improved recurring EBITDA, yet, it was partially offset with higher finance costs.
In 1Q25/26, the company recorded a total revenue of THB 7,248 million, an increase of 37.9% or THB 1,992 million YoY. The growth was primarily attributable to:
1) The post Voluntary Tender Offer (VTO) on 4th November 2024, consolidation of revenue from Rabbit Holdings PCL (RABBIT) and Roctec Global PCL (ROCTEC), totalling THB 1,907 million in 1Q25/26
2) Higher revenues from contracting work of THB 470 million, mainly due to the accelerated completion of the Pink Line Extension project for its commercial launch in June 2025.
However, the increase in revenue was partially offset by a reduction in interest income of THB 62 million, primarily due to the cessation of recognising mass transit interest income related to the O&M debt (1st case), which had already been repaid by the Bangkok Metropolitan Administration (BMA).
In FY1Q25, total operating revenues reached THB 5,856 million, an increase of 58.9% or THB 2,170 million YoY. MOVE, MIX, and MATCH businesses contributed 46%, 19%, and 35% of respective total operating revenues (as opposed to 61%, 31%, and 8%, respectively, within the same period last year).
The increase in operating revenue was primarily driven by the increase in MATCH and MOVE revenue. However, the increase in operating revenue was partially offset by a 5.1% or THB 59 million YoY decline in advertising and distribution revenue from the MIX business.
EBITDA was THB 2,731 million, an increase of 42.1% or THB 809 million YoY. This growth was driven by stronger recurring EBITDA across all businesses, particularly the MATCH business. Additionally, recurring EBITDA from MOVE business increased, mainly driven by a provision of contracting work for the Pink Line Extension.
