- Domestic and international sale of sport apparel and equipment, everyday wear and casual clothing.
- Provide sports-related health services such as Physiotherapy & Performance Studio, Sports Science Center (Warrix Run Hub), Fitness and Nutrition Educator (Fit Junction).
| 6M24 | 6M23 | 2023 | 2022 |
|---|
| Revenues | 691.00 | 519.47 | 1,251.01 | 1,074.62 |
| Expenses | 637.88 | 476.01 | 1,080.61 | 906.43 |
| Net Profit (Loss) | 37.00 | 32.03 | 127.38 | 128.49 |
| Assets | 1,729.26 | 1,658.90 | 1,799.72 | 1,878.87 |
| Liabilities | 364.50 | 299.23 | 392.25 | 438.38 |
| Shareholders' Equity | 1,364.76 | 1,359.67 | 1,407.47 | 1,440.49 |
| Operating | 58.92 | -114.33 | -8.46 | 49.38 |
| Investing | -109.75 | -30.91 | -14.04 | -256.36 |
| Financing | -99.66 | -156.64 | -215.04 | 726.10 |
| EPS (Baht) | 0.06 | 0.05 | 0.21 | 0.35 |
| GP Margin (%) | 47.80 | 46.63 | 47.80 | 46.27 |
| NP Margin (%) | 5.35 | 6.17 | 10.18 | 11.96 |
| D/E Ratio (x) | 0.27 | 0.22 | 0.28 | 0.30 |
| ROE (%) | 9.72 | 13.76 | 8.95 | 15.90 |
| ROA (%) | 10.63 | 14.14 | 9.38 | 12.81 |
WARRIX creates brand awareness with license marketing strategy by being a sportswear distributor and extending to become a Health - Active & Lifestyle brand. Reaching to all types of customers, such as athletes, sports fans, health lovers, young generation, and working people. WARRIX is developing business in 3 areas as follows:
1) Sport & Active Lifestyle: Expand sports clothing and equipment segment to cover more types of sports such as running, training, golf, basketball, and table tennis. Expand product portfolio to women's gym wear, footwear, and lifestyle clothing. Including, Warrix Lifestyle @ Siam Square project to penetrate into a new higher-value market.
2) Health: Plan to expand health business; Warrix Run Hub at QSNCC, which is the second sports science center. Improve service quality and increase revenue growth of health business by acquiring all digital and intellectual properties of Fit Junction.
3) Event & Explorer: Expanding customer base by combining sports-related experience with a wide range of events, such as running events, music festivals, food events, and other events related to Health - Active & Lifestyle.
- Unique & modern design with exclusive innovation serving various needs of customers. Global brand quality products at an affordable price.
- Strong partnerships derived from licenses of Thai national football team, football clubs, educational institutions, organizations, and regional sports events to enhance brand awareness.
- Extensive distribution channel directly reaching customers.
- Data-driven with marketing strategy to increase efficiency by planning production orders, pricing, managing distribution channels, marketing campaigns, and business partnerships.
- Growing along the wave of healthy lifestyles and government policies that promote Thailand as the World's Best Sports Tourism Destination.
For the first 6 months of 2024 (“6M24"), the Company had revenue from sales and services of 677.84 MB, an increase of 33.98% YoY due to revenue growth in almost all sales channels, especially online channels. Regarding revenue breakdown by products, there was revenue growth from both licensed and non-licensed products, especially, the classic product group, such as polo shirts, had the highest revenue growth. The Company had gross profit margin for 6M24 of 47.80%, which increased by 1.17% YoY. The increase in total selling and administrative expenses was in line with sales growth, resulting in the Company having net profit of 37.00 MB, which increased by 15.50% YoY.
2023: Acquired Fit Junction and Premier Football in Singapore.
2022: Capital increase to 300 MB by issuing 180 M of new ordinary shares for IPO. Listed on mai and started trading on December 21, 2022.
2021: Win the rights to produce Thai national football team and basketball team sportswear for 8 years and 5 years, respectively. Establised Warrix Sdn. Bhd. in Malaysia.
2020: Established Warrix Holding Pte. Ltd. in Singapore
2018: Win the rights to produce Myanmar national football team sport wear products for 6 years.
2016: Win the rights to produce Thai national football team sport wear products for 4 years.
2013: Established Warrix Sport Co., Ltd.
1) Risk from slow-moving or obsolete inventories: WARRIX will sell products at discount prices with marketing campaign, transform into products that are easier to sell, expand distribution channels in line with demand, and use data to analyze sales and customer needs for each distribution channel and manage efficient supply chain.
2) Risk from the obligations in business agreements: For Licensed products, WARRIX has assessed risk-return and feasibility studies before entering into contracts to support sports teams and periodically re-assess. WARRIX also diversify risks by developing product under WARRIX's brand (Non-Licensed) as well as expanding new channels for selling products related to health and fitness to increase the proportion of Non-Licensed products and services.
3) Risk from the dependency of a few major suppliers: WARRIX has an efficient procurement process and sourcing for new quality suppliers. In addition, suppliers are easily sourced domestically and internationally.
| as of 28/06/24 | WARRIX | CONSUMP | mai |
|---|---|---|---|
| P/E (X) | 21.57 | 48.58 | 40.95 |
| P/BV (X) | 2.09 | 1.44 | 1.79 |
| Dividend yield (%) | 2.05 | 1.30 | 2.06 |
| 28/06/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 3,000.00 | 3,960.00 | 4,320.00 |
| Price (B/Share) | 5.00 | 6.60 | 7.20 |
| P/E (X) | 21.57 | 28.88 | 42.31 |
| P/BV (X) | 2.09 | 2.79 | 3.05 |
