On Monday, the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) at the time of 11.17 a.m. was at THB 227.00, a THB 22.00 or 10.73% increase with a total trading value of THB 2,479.14 million.
DELTA reported its 3Q25 (July–September 2025) earnings, posting a net profit of THB 7,441 million—29% higher than analysts’ consensus estimate of THB 5,771 million.
DELTA continues to deliver profit growth, primarily fueled by increasing orders from the data center and artificial intelligence (AI) sectors. For the remainder of 2025, analysts expect DELTA to continue benefiting from robust electronic equipment market expansion and ongoing production base growth in Asia.
Cheng An, CEO of DELTA, revealed that 3Q25 operating profit totaled THB 7,504 million, representing an operating margin of 14.1%, up from 13.9% in the same period last year and 11.5% in the previous quarter, supported by efficient expense management and sales growth.
Additional income this quarter included compensation from commercial contract breaches and foreign exchange (FX) gains, alongside recognized impairment losses and additional OECD tax expenses. As a result, net profit reached a new all-time high at THB 7,441 million, a 60.8% increase quarter-on-quarter and a 25.9% rise year-on-year, representing a net margin of 14%. Earnings per share amounted to THB 0.60, compared to THB 0.47 in the same period last year.
Gross profit reached THB 15,085 million, up 26.5% year-on-year and 35.8% quarter-on-quarter, with a gross margin of 28.3%, rising above both the previous quarter and the same period last year. This growth stemmed from robust sales in high-margin product segments and more efficient inventory management, which enabled significant reversal of inventory provisions.
Revenue from goods and services totaled THB 53,214 million, up 23.1% year-on-year and 19.6% quarter-on-quarter, mainly driven by the power, electronics, infrastructure , and automation systems solutions segments. Notably, server, networking power, and data center power products have remained key growth drivers since the beginning of the year.
This is consistent with the rapid development of the data center sector driven by AI, as market demand focused on increasing power and efficiency to support AI processing. DELTA received a surge in orders for AI applications, prompting continued development of high-performance power solutions.
Infrastructure segments—including data center projects, telecom power, networking solutions, IT cooling, as well as industrial automation and smart building systems—also posted strong growth. However, automotive power systems for electric vehicles (EVs) faced weakened demand, causing lower sales amid industry volatility in both Europe and the U.S.
The technology segment overall remains subject to risks from geopolitical situations and trade uncertainties. Consequently, DELTA continues to pursue strategic expansion of its manufacturing base and supply chain management aligned with sustainability principles, aiming to maintain business stability and address customers’ needs in challenging market conditions.
Additionally, at the board meeting No. 6/2025 on October 24, 2025, the board approved new machinery purchases in 1Q26 from: 1) Delta Electronics, Inc. (DEI), which owns 5.54% of DELTA, and 2) Delta Electronics Intl (Singapore) Pte. Ltd., DELTA’s major shareholder (42.85%) and a direct 100% subsidiary of DEI.
As of February 28, 2025, DEI (via direct and indirect holdings) held approximately 62.57% in DELTA, of which 0.5% is under a Hedging Arrangement agreement between Delta International Holding Limited B.V. (DIH) and The Hongkong and Shanghai Banking Corporation Limited (HSBC), dated January 13, 2025. DIH still maintains economic benefits from the transferred shares during the term of the agreement.
The machinery acquisitions have a total transaction value of approximately THB 614.03 million (around $18.73 million), comprising THB 215.34 million ($6.57 million) from Delta Electronics, Inc. and THB 398.68 million ($12.16 million) from Delta Electronics Intl (Singapore) Pte. Ltd. The price is consistent with independent valuation and accounts for 0.686% of DELTA’s net tangible assets as of September 30, 2025.
Payment will be made from working capital within 70 days of machinery receipt, in line with DELTA’s manufacturing strategy transition to Delta Smart Manufacturing, which will further enhance production efficiency.
Wilailak Fungthanakun, Secretary at DELTA, announced that following Board meeting No. 7/2024 on October 25, 2024—which approved the name change and expanded business scope for its German subsidiary—DELTA has now completed registration for such change.
As of September 23, 2025, the former Delta Energy Systems Property (Germany) GmbH has been renamed Delta Energy Systems Mobility (Germany) GmbH, with an expanded business scope from merely asset management to also include manufacturing and sales of electrical equipment and more, as well as asset management.
