2024/25 Revenue Structure
Fiscal year ended 31 March
| Consolidated (THB mn) | 2021/22 | 2022/23 | 2023/24 | 2024/25 |
|---|---|---|---|---|
| Revenue from services and sales(1) | 4,193 | 4,873 | 4,813 | 5,219 |
| Cost of services and sales | (3,209) | (3,515) | (3,359) | (3,409) |
| Gross profit | 984 | 1,357 | 1,454 | 1,810 |
| EBITDA | 345 | 293 | (3,309) | 1,115 |
| EBIT | (141) | (224) | (3,952) | 428 |
| Net profit (loss) (excl. non-controlling interests) | (120) | (65) | (3,489) | 501 |
| Total assets | 40,792 | 33,627 | 28,109 | 39,666 |
| Total liabilities | 10,809 | 2,976 | 3,267 | 2,912 |
| Total shareholders' equity | 29,983 | 30,651 | 25,134 | 36,754 |
| Key Financial Ratios | 2021/22 | 2022/23 | 2023/24 | 2024/25 |
| Profitability Ratios(2) | ||||
| Gross profit margin (%) | 23.5% | 27.9% | 30.2% | 34.7% |
| EBITDA margin (%) | 8.2% | 6.0% | -68.8% | 21.4% |
| EBIT margin (%) | -3.4% | -4.6% | -82.1% | 8.2% |
| Net profit (loss) margin (%) | -2.9% | -1.1% | -63.9% | 9.6% |
| ROE (%) | -0.5% | -0.2% | -13.6% | 1.7% |
| Liquidity Ratios | ||||
| Current ratio (times) | 1.6X | 4.9X | 4.3X | 10.6X |
| Efficiency Ratios | ||||
| ROA (%) | -0.4% | -0.2% | -11.2% | 1.5% |
| Asset turnover (times) | 0.1X | 0.2X | 0.2X | 0.2X |
| Leverage Ratios | ||||
| Liability to equity (times) | 0.4X | 0.1X | 0.1X | 0.1X |
| Debt to equity (times) | 0.3X | 0.0X | 0.0X | 0.0X |
Remark:
- Currently, VGI business comprised of Advertising, Digital Services and Distribution business. The categorisation of accounting for each of these platforms is different, with Advertising recorded under the Advertising segment; Digital Services under the Digital Services
(1) Excludes other income
(2) Calculated using total operating revenue
3Q 25/26 Revenue Structure
| Consolidated (THB mn) | 3Q 24/25 | 4Q 24/25 | 1Q 25/26 | 2Q 25/26 | 3Q 25/26 |
|---|---|---|---|---|---|
| Revenue from services and sales(1) | 1,446 | 1,228 | 1,115 | 1,123 | 1,284 |
| Cost of services and sales | (882) | (804) | (714) | (743) | (821) |
| Gross profit | 564 | 425 | 401 | 380 | 462 |
| EBITDA | 512 | 189 | 206 | 237 | 276 |
| EBIT | 335 | 19 | 38 | 54 | 91 |
| Net profit (loss) (excl. NCI) | 308 | 53 | 45 | 79 | 83 |
| Total assets | 40,883 | 39,666 | 39,372 | 41,759 | 41,392 |
| Total liabilities | 2,932 | 2,912 | 3,014 | 3,491 | 3,309 |
| Total shareholders' equity | 37,951 | 36,754 | 36,358 | 38,268 | 38,083 |
| Key Financial Ratios | 3Q 24/25 | 4Q 24/25 | 1Q 25/26 | 2Q 25/26 | 3Q 25/26 |
| Profitability Ratios(2) | |||||
| Gross profit margin (%) | 39.0% | 34.6% | 35.9% | 33.8% | 36.0% |
| EBITDA margin (%) | 35.4% | 15.4% | 18.5% | 21.1% | 21.5% |
| EBIT margin (%) | 23.2% | 1.6% | 3.4% | 4.8% | 7.1% |
| Net profit (loss) margin (%) | 21.3% | 4.3% | 4.0% | 7.0% | 6.5% |
| ROE (%) | 1.7% | 1.7% | 1.7% | 1.6% | 0.7% |
| Liquidity Ratios | |||||
| Current ratio (times) | 10.8X | 10.6X | 10.0X | 9.7X | 10.5X |
| Efficiency Ratios | |||||
| ROA (%) | 1.4% | 1.5% | 1.4% | 1.4% | 0.6% |
| Asset turnover (times) | 0.2X | 0.2X | 0.2X | 0.2X | 0.1X |
| Leverage Ratios | |||||
| Liability to equity (times) | 0.1X | 0.1X | 0.1X | 0.1X | 0.1X |
| Debt to equity (times) | 0.0X | 0.0x | 0.0x | 0.0x | 0.0x |
Remark:
- Currently, VGI business comprised of Advertising, Digital Services and Distribution business. The categorisation of accounting for each of these platforms is different, with Advertising recorded under the Advertising segment; Digital Services under the Digital Services segment, and Distribution under Distribution segment and the equity method.
(1) Excludes other income
(2) Calculated using total revenue from services and sales
