Jasmine International Public Company Limited (SET: JAS) posted a significant surge in its third-quarter 2025 (3Q25) results, with net profit attributable to equity holders surging 823% year-on-year (YoY) to THB 1,861 million, up from THB 202 million in 3Q24. Total revenue also jumped 209% YoY to THB 3,620 million, compared with THB 1,171 million a year earlier.
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
1,860.53 | 201.62 |
| Earning Per Share (Baht) |
0.2240 | 0.0240 |
| % Change | 822.80 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
1,883.89 | 303.84 |
| Earning Per Share (Baht) | 0.23 | 0.04 |
| % Change | 520.03 | |
The extraordinary profit surge was primarily driven by a non-operating gain from a long-running legal case. Jasmine Submarine Telecommunications Company Limited (JSTC), a subsidiary of JAS, received payment from National Telecom Public Company Limited (NT) following a Supreme Administrative Court ruling over a revenue-sharing dispute related to the eastern submarine cable network. The resolution resulted in the recognition of THB 2,619 million in interest income during the quarter — a key factor in the profit boost that significantly strengthened the group’s financial position and investment capacity.
From an operational standpoint, Sales and Service Income rose 28% YoY to THB 989 million, supported by robust performance in the Media and Content business, where revenue surged 210% YoY to THB 356 million. This was driven by the initial recognition of revenue from newly acquired premium sports broadcasting rights, including the English Premier League and Emirates FA Cup. Meanwhile, the Digital Asset and Technology Solutions segment remained stable, generating THB 584 million in revenue, unchanged from the previous year.
Operating Profit soared 687% YoY to THB 2,124 million, despite a 109% rise in Cost of Sales and Services to THB 1,279 million, mainly due to the ramp-up of costs associated with premium sports content. Management described these elevated costs as a strategic investment phase, intended to establish a strong foundation for long-term recurring revenue growth. In contrast, Selling and Administrative Expenses fell 25% YoY, underscoring the company’s effective cost-control initiatives.
Looking ahead, JAS is expanding its content ecosystem, recently securing seven-year broadcasting rights for a major volleyball league. Subscriber growth continues to be supported by anti-piracy measures and strategic cooperation with government agencies, reinforcing its competitive position in Thailand’s digital entertainment market.
