Hana Microelectronics Public Company Limited (SET: HANA) delivered a strong quarterly performance for the third quarter of 2026, posting net profit of THB 693 million compared to THB 15 million in the prior-year period (+4,500%). Sales revenue expanded 38% year-over-year to THB 7.30 billion ($220 million), driven by volume growth across core manufacturing operations and favorable currency movements.
Key Financial Highlights:
- Net Profit: THB 693 million, up significantly from THB 15 million in Q3 2025.
- Sales Revenue: THB 7.30 billion, up 38% YoY (+34% in USD terms to $220 million).
- Normalized Profit: THB 536 million, marking a 1,308% YoY expansion.
- Gross Margin: 12.2%, expanding 6.2 percentage points YoY.
HANA’s Printed Circuit Board Assembly (PCBA) division served as the primary revenue growth driver. Revenue at the flagship Lamphun plant in Thailand surged 54% YoY to THB 3.83 billion, representing 52% of total group sales. Auxiliary PCBA facilities in Jiaxing, China, and Cambodia recorded revenue increases of 27% to THB 695 million and 76% to THB 232 million, respectively.
In the Integrated Circuit (IC) division, performance showed geographical divergence. Ayutthaya IC revenue climbed 26% YoY to THB 1.75 billion, while Jiaxing IC sales contracted 55% to THB 139 million. Specialized operating units delivered notable growth: US-based Hana Technologies Inc. (HTI) rose 54% to THB 531 million, and South Korea’s Power Master Semiconductor (PMS) gained 52% to THB 119 million.
Core operational profitability expanded as the group’s gross margin reached 12.2%, up from 6.0% in Q3 2025. Margin improvement was propelled by higher sales volume and a 3% depreciation of the Thai Baht against the US Dollar. Normalized profit rose 1,308% YoY to THB 536 million. Bottom-line net profit was further strengthened by net foreign exchange gains, reversing foreign exchange losses registered in Q3 2025.
HANA maintained a solid balance sheet, holding THB 10.6 billion in net cash reserves and financial investments with a current ratio exceeding 3.0x. Operating cash flow (recurring EBITDA) expanded 133% YoY to THB 893 million. Capital expenditures reached THB 398 million. The Board of Directors declared an interim cash dividend of THB 0.25 per share, scheduled for payment on December 11, 2026. The ex-dividend date is November 26, 2026.
Additionally, the management highlighted that operating results remain sensitive to global macroeconomic activity, customer product cycles, and foreign exchange movements. Operating profit sensitivity is estimated at Baht 200 million per quarter for every 10% movement in THB/USD and CNY/USD cross rates.
