DEXON Technology PLC is a technology company providing advanced inspection and engineering services to the industrial sector. Including oil & gas pipelines, oil storage tanks, and gas storage tanks to name a few.
In-house research development and engineering teams comprising of 70 researchers have been responsible for tool development as well as offering customized tool modification for inspection of challenging pipelines for the last 27 years.
DEXON Technology PLC is a leading technology company providing Advance Non-Destructive Testing, in-line inspection, and asset integrity management services globally.
| 6M24 | 6M23 | 2023 | 2022 |
|---|
| Revenues | 336.85 | 271.45 | 647.70 | 610.47 |
| Expenses | 318.27 | 281.88 | 587.50 | 488.00 |
| Net Profit (Loss) | 15.74 | -17.89 | 50.33 | 105.15 |
| Assets | 1,030.00 | 973.01 | 1,034.84 | 643.05 |
| Liabilities | 175.95 | 178.05 | 176.34 | 369.96 |
| Shareholders' Equity | 854.04 | 794.96 | 858.50 | 273.09 |
| Operating | 107.36 | 17.72 | 3.31 | 175.96 |
| Investing | -77.82 | -76.74 | -244.80 | -112.73 |
| Financing | -31.65 | 372.42 | 365.01 | -81.42 |
| EPS (Baht) | 0.03 | -0.04 | 0.11 | 0.43 |
| GP Margin (%) | 35.02 | 24.82 | 34.27 | 41.81 |
| NP Margin (%) | 4.67 | -6.59 | 7.77 | 17.22 |
| D/E Ratio (x) | 0.21 | 0.22 | 0.21 | 1.35 |
| ROE (%) | 10.18 | 4.42 | 8.90 | 38.50 |
| ROA (%) | 8.87 | 5.33 | 6.99 | 19.30 |
The Company is committed to growing by leaps and bounds. After operating and growing continuously in Thailand for more than 27 years, the Company has decided to raise funds on the stock exchange to expand the Company's business to expand its investment overseas. The business plan is as follows:
- Invest more in research and development to support inspection services according to customer needs.
- Dexon expanded its business into the United States by establishing a subsidiary, "Dexon Technology USA Inc." in the United States, in 2023. In order to support the growth potential in the United States, which is highly promising due to the complex pipeline system. It is old and requires legal inspection and the transition to hydrogen energy (Hydrogen Conversion) that will become an important source after the work in the future.
- The Company expanded its business into the Netherlands and Germany by establishing subsidiaries "Dexon Europe BV" in 2021 and "Dexon Europe GMBH" in March 2024 to support growth in the European area.
Investors can follow the company's sustainability action plan at the following link Sustainability (dexon-technology.com
1. DEXON is a leading technology company providing Advanced Non-Destructive Testing and Conventional Non-Destructive Testing globally.
2. DEXON having a team of 70 researchers who professionally create the innovation to serve the customized needs of clients.
3. DEXON successfully maintained long-term clients both locally and internationally and help secure the company's source of income from repeated customer.
Cumulative Revenue 6 Months 2024 (6M/24), The Company generated revenue in the second quarter of 2024 reaching 194 million baht compare to 143 million bath and 126 million baht or increase by 36.0% QoQ and 54.1% YoY respectively. The total revenue for the first half of 2024 reaching 337 million baht or increased by 24.1% YoY from 271 million baht. This is the highest revenue for the period of the second quarter compared to historical revenue data, resulting from an increase in revenue from the Latin America, US, EU and Asia market, both new and returned clients.
Net Profit for the six-month period of 2024 (6M/24), For 1H2024 the Company achieved a net profit of 16 million baht, or an increase of 188.0%YoY. These was primarily due to an increase in ILI service projects revenue from the Latin America, US, EU and Asia market. Total service costs increased by 7.1% and 26.2% in selling & administrative expenses, the company financial costs decreased by 50.5% or THB 2 million YoY due to repayment of short-term and long-term debt
The Company gained a net profit of 22 million baht in Q2/2024, versus a net loss of 22 million baht or 200% higher from the same period last year.
1996 - Founded in Thailand with 2-million-baht registered capital. (Former name : DACON)
1990 - 1st phase of Intelligent Pigging Development
2007 - R&D successfully develop UT-R tool. Key Achievement of the company as a starting point of pipeline inspection services.
2016 - R&D successfully develop intelligent MFL tools that can detect the leak of magnetic field.
2020-2021 - Company restructuring and increased capital to 75.82 million baht and incorporate its subsidiaries.
2022 - The company changed its name and transformed into Dexon Technology Public Company Limited (DEXON) and increased its registered capital to 238.25 million baht.
2023 - 1st Trading Day "DEXON" on March 31 2023.
View Dexon's Risk Management policy here: risk-management-policy-th.pdf (dexon-technology.com) (Available in Thai only)
View awards and recognitions received by Dexon here: News (dexon-technology.com)
| as of 28/06/24 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 21.57 | 123.70 | 40.95 |
| P/BV (X) | 1.01 | 2.41 | 1.79 |
| Dividend yield (%) | 2.86 | 2.00 | 2.06 |
| 28/06/24 | 28/12/23 | - | |
|---|---|---|---|
| Market Cap (MB) | 867.23 | 1,057.83 | N/A |
| Price (B/Share) | 1.82 | 2.22 | N/A |
| P/E (X) | 21.57 | 47.83 | N/A |
| P/BV (X) | 1.01 | 1.36 | N/A |