Hana Microelectronics Public Company Limited (SET: HANA) reported a challenging performance for the third quarter of 2025 (3Q25), with net profit plunging to THB 15 million, down sharply from THB 406 million in the same period last year (3Q24), representing a drop by 96%. The steep decline was driven by weaker sales revenue, the adverse impact of a stronger Thai baht, and the absence of a one-time gain that had lifted prior-year results.
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
14.78 | 405.85 |
| Earning Per Share (Baht) |
0.0200 | 0.4600 |
| % Change | -96.36 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
527.67 | 1,095.44 |
| Earning Per Share (Baht) | 0.60 | 1.24 |
| % Change | -51.83 | |
Total sales revenue dropped 13% year-on-year (YoY) in Thai baht terms to THB 5,295 million. However, measured in U.S. dollar terms, sales fell a milder 6% YoY to USD 164 million from USD 175 million. The discrepancy reflected a 7% appreciation of the Thai baht, with the average exchange rate strengthening to THB/USD 32.3 from 34.8 a year earlier. Management noted that Hana’s operating profit remains highly sensitive to currency fluctuations.
Normalized profit, which excludes non-recurring items, decreased 24% YoY to THB 39 million, while the normalized profit margin edged down to 0.7% from 0.8%. Gross profit margin also slipped slightly by 0.2 percentage points to 6.0% in 3Q25.
Operational performance was mixed across divisions:
- Microelectronics: Sales declined 12% YoY in USD terms, led by a 24% drop at the Jiaxing plant.
- Integrated Circuits (IC): In contrast, IC division revenue rose 8% YoY, supported by a 90% surge in Jiaxing IC sales.
Additionally, the company announced a THB 0.25 dividend payment to be paid on 12 December 2025 with an ex-dividend date on 27 November 2025.
