On Friday, the share price of Mono Next Public Company Limited (SET: MONO) at the time of 10.48 a.m. was at THB 1.07, down THB 0.14 or 11.57% with a total trading value of THB 111.29 million.
MONO reported its operating results for 3Q25 and the nine months ending 30 September 2025, showing that the company continued to post a net loss.
For 3Q25, the company recorded a net loss of THB 154.47 million, increasing by 307.30% compared to the same period last year, when the net loss was THB 37.93 million. The main reason was a decrease in total revenue by THB 98 million, or 19% year-on-year, primarily due to a decline in advertising revenue by THB 84 million, or 39% year-on-year.
Meanwhile, content service revenue from Monomax and GIGATV increased by THB 25 million, or 13%, compared to the same period last year.
Cost of sales and services for 3Q25 increased by THB 23 million, or 8% year-on-year, mainly due to higher platform service costs for Monomax.
Selling and administrative expenses rose by THB 78 million, or 75% year-on-year, mainly from aggressive advertising and public relations campaigns aimed at expanding the viewer base on the Monomax platform.
For the first nine months of 2025, the company reported a net loss of THB 129.87 million, a reduction of 29.34% compared to the same period last year, when the net loss was THB 183.81 million.
MONO has also disclosed to the Stock Exchange of Thailand (SET) the default of its subsidiary regarding the letters of credit guarantee.
The firm noted that the company has revamped its programming schedule, focusing on sports and lifestyle content and news, to lessen its reliance on movies and series content from leading content studios in the long run. The company has negotiated with certain content copyright owners, but the negotiations were unsuccessful, resulting in default.
Currently, a subsidiary of the company has defaulted on debts arising from letters of credit issued as guarantees for the acquisition of international movie and series content rights, leading to a default on other debts, totaling THB 220 million (equivalent to 8% of total assets). As a result, the financial institution has the right to demand full repayment of the loan; thus, causing the subsidiary to default on its debts with the financial institution.
Still, the company added that it is currently negotiating to extend the debt repayment period, which is presently under consideration of the financial institution to find the most urgent solution.
The Stock Exchange of Thailand (SET) has posted a “CB” sign on MONO securities from 10 November 2025 onwards due to the subsidiary defaulting on debt repayment according to the set criteria.
