Ditto (Thailand) Public Company Limited (SET: DITTO) reported a robust second quarter for 2026, characterized by a significant 33% year-over-year revenue increase to 1,009.30 million baht. Net profit for the period reached 189.71 million baht, representing a 13% climb from the 168.22 million baht recorded in the same period last year. While the results highlight the company’s ability to maintain growth amidst global economic volatility, the bottom line was slightly tempered by a compression in gross profit margins.
Key Financial Highlights:
- Total Revenue: 1,009.30 million baht (+33% YoY)
- Net Profit: 189.71 million baht (+13% YoY)
- EPS: 0.27 baht
- Project Backlog: 4,825.29 million baht
Performance was primarily anchored by the Technology Engineering segment and the distribution of Data and Document Management solutions. Management noted that the expansion of digital infrastructure and cybersecurity services for government agencies remains a primary engine for growth.
However, the consolidated gross profit margin fell to 20% from 28% a year earlier. This decline is attributed to the current project lifecycle where a high proportion of “Main Equipment” was delivered and installed; these final-stage hardware installations typically carry lower margins compared to service-heavy phases.
Core earnings were bolstered by a sharp rise in dividend income, which jumped to 54.51 million baht from 16.35 million baht in 2Q25. On the balance sheet, Ditto maintains a conservative stance with a Debt-to-Equity (D/E) ratio of 0.37x. Liquidity remains healthy with a current ratio of 2.15 times.
Looking ahead, management is leveraging its expertise to enter the green economy. The company recently launched its “Blu Green Token” project, a digital investment token backed by mangrove reforestation aimed at generating future carbon credit returns. With a massive 4.8 billion baht backlog yet to be realized, the company is well-positioned for sustained long-term growth in the digital transformation space.
