Providing engineering inspection services and creating technological innovations for the inspection of production structures and equipment in the petroleum, energy and other industries.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 757.36 | 647.70 | 610.47 | |
| Expenses | 695.06 | 587.50 | 488.00 | |
| Net Profit (Loss) | 56.95 | 50.33 | 105.15 |
| Assets | 1,089.05 | 1,034.84 | 643.05 | |
| Liabilities | 206.20 | 176.34 | 369.96 | |
| Shareholders' Equity | 882.85 | 858.50 | 273.09 |
| Operating | 160.84 | 3.31 | 175.96 | |
| Investing | -146.00 | -244.80 | -112.73 | |
| Financing | -33.17 | 365.01 | -81.42 |
| EPS (Baht) | 0.12 | 0.11 | 0.43 | |
| GP Margin (%) | 35.35 | 34.27 | 41.81 | |
| NP Margin (%) | 7.52 | 7.77 | 17.22 | |
| D/E Ratio (x) | 0.23 | 0.21 | 1.35 | |
| ROE (%) | 6.54 | 8.90 | 38.50 | |
| ROA (%) | 6.14 | 6.99 | 19.30 |
The company is committed to exponential growth. After operating and growing continuously in Thailand for over 28 years, the company has decided to raise funds in the stock market to further its business expansion into foreign countries. The business plan is as follows:
- Invest in research and development to support increasing customer demand for inspection services.
- Expand business into the United States by establishing a subsidiary, "Dexon Technology USA Inc.", in the U.S. in 2023 to support high growth potential in the United States due to complex, aging pipeline systems requiring regulatory inspections and the transition to hydrogen conversion as a major future energy source.
- Expand 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 zone.
Investors can follow the company's sustainability plan at the link Sustainability Report | Dexon Technology
- DEXON ("Dexon") is a leading provider of pipeline inspection services using advanced technology (In-Line Inspection "ILI")
- DEXON ("Dexon") has a research and development team dedicated to equipment innovation, along with highly skilled and efficient personnel to provide world-class inspection services that meet diverse customer needs.
- DEXON ("Dexon") is a leader in both advanced non-destructive testing (Advance NDT) and conventional non-destructive testing (Conventional NDT)
- DEXON ("Dexon") has a strong base of leading domestic and international clients, providing the company with stable revenue from its service business and recurring customer contracts.
In 2024, the company had total revenue of 757 million baht, an increase of 17% compared to the revenue for the same period last year of 648 million baht. The revenue growth came from the advance in-line inspection business. From the continuous expansion of overseas businesses in the past, including in the United States, European countries, and Latin American countries, which are areas with high demand for advanced pipeline inspection services.
Compared to 2023, in 2024, the company's cost of services increased by 15% to 488 million baht. Selling and administrative expenses increased by 27% to 207 million baht, mainly due to business expansion strategies both domestically and internationally to support future business expansion.
Meanwhile, in 2024, the company had a net profit of 57 million baht, an increase of 13% from the same period last year, which had a net profit of 50 million baht.
- 1996 - The company was established in Thailand with registered capital of 2 million baht (formerly known as DACON).
- 1990 - The beginning of Intelligent Pigging development.
- 2007 - The R&D department successfully manufactured UT-R equipment, marking a significant starting point for the company in providing pipeline inspection services.
- 2016 - The R&D department successfully invented intelligent inspection equipment using Magnetic Flux Leakage (MFL) technology.
- 2020-2021 - The company underwent restructuring, increased its registered capital to 75.82 million baht, and established a subsidiary.
- 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, along with changing the par value of its shares.
- 2023 - March 31, 2023: 1st Trading Day "DEXON".
- 2024 - Received the Best Innovative Company Award 2024 for its innovative high-resolution ultrasonic transducer.
Investors can follow the organization's risk management policy at the link risk-management-policy-th.pdf (dexon-technology.com)
Investors can follow the company's past awards and achievements at the link News | Dexon Technology
| as of 30/12/24 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 7.21 | 82.27 | 41.84 |
| P/BV (X) | 0.83 | 1.84 | 1.55 |
| Dividend yield (%) | 3.59 | 2.77 | 2.47 |
| 30/12/24 | 28/12/23 | - | |
|---|---|---|---|
| Market Cap (MB) | 690.93 | 1,057.83 | N/A |
| Price (B/Share) | 1.45 | 2.22 | N/A |
| P/E (X) | 7.21 | 47.83 | N/A |
| P/BV (X) | 0.83 | 1.36 | N/A |
