Home Product Center Public Company Limited (SET: HMPRO) reported a net profit of THB 6,011.39 million for the 2025 fiscal year, marking a 7.57% decline from the THB 6,503.55 million earned in 2024. This contraction reflects a challenging landscape defined by weakened consumer purchasing power, geopolitical tensions, and a string of unforeseeable natural disasters.
Total revenue for the year landed at THB 70,569.77 million, a 2.77% decrease compared to 2024. The core revenue segment—contracts with customers—fell by 2.94% to THB 65,955.18 million. Management attributed this slump to several factors: a declining consumer spending power, a reduced threshold for the “Easy E-Receipt” government stimulus, an earthquake impacting Bangkok high-rises, a shorter summer season that dampened cooling product sales, and severe flooding in Southern provinces that hindered store traffic.
Conversely, rental income grew 4.21% to THB 1,932.41 million, bolstered by higher demand in tourist destinations and effective space management during the ‘HomePro Electric Expo’.
On the expense side, Selling and Administrative Expenses (SG&A) remained relatively flat at THB 13,318.40 million. However, as a percentage of sales, SG&A rose to 20.19%, up from 19.63% in 2024. While the company successfully lowered utility costs through a strategic shift toward the Hybrid Store format, these gains were offset by rising depreciation and credit card fees. Furthermore, finance costs increased by 3.41% to THB 710.95 million, driven by higher interest rates on new debentures issued to refinance maturing debt.
Despite the profit dip, HMPRO continued its physical expansion, ending 2025 with 133 stores. The company opened 10 new locations, focusing heavily on the Hybrid format to serve both homeowners and contractors. To mitigate reliance on main energy sources, HMPRO also expanded solar rooftop installations to 116 locations, aligning with its goal to achieve Net Zero emissions by 2050.
The company’s Board of Directors will propose a THB 0.22 dividend payment for the operating period from July 1 – December 31, 2025 at the upcoming 2026 Annual General Meeting of Shareholders. The dividend payment date is scheduled for May 7, 2026, with ex-dividend (XD) date on April 22, 2026.
