Providing engineering inspection services and creating technological innovations for the inspection of production structures and equipment in the petroleum, energy and other industries.
| 3M25 | 3M24 | 2024 | 2023 |
|---|
| Revenues | 153.18 | 142.76 | 757.36 | 647.70 |
| Expenses | 171.51 | 152.77 | 695.06 | 587.50 |
| Net Profit (Loss) | -20.82 | -6.02 | 56.95 | 50.33 |
| Assets | 1,059.15 | 1,019.68 | 1,089.05 | 1,034.84 |
| Liabilities | 194.97 | 163.49 | 206.20 | 176.34 |
| Shareholders' Equity | 864.18 | 856.20 | 882.85 | 858.50 |
| Operating | 56.72 | 60.01 | 160.84 | 3.31 |
| Investing | -35.21 | -29.35 | -146.00 | -244.80 |
| Financing | -5.18 | -4.90 | -33.17 | 365.01 |
| EPS (Baht) | -0.04 | -0.01 | 0.12 | 0.11 |
| GP Margin (%) | 21.70 | 28.56 | 35.35 | 34.27 |
| NP Margin (%) | -13.59 | -4.22 | 7.52 | 7.77 |
| D/E Ratio (x) | 0.23 | 0.19 | 0.23 | 0.21 |
| ROE (%) | 4.90 | 4.81 | 6.54 | 8.90 |
| ROA (%) | 4.85 | 4.27 | 6.14 | 6.99 |
The company is committed to exponential growth. After operating and growing continuously in Thailand for over 29 years, the company decided to raise funds in the stock market to further its business by expanding investments abroad. The business plan is as follows:
- Invest in research and development to support increasing customer inspection service demands.
- Expanded business into the United States by establishing a subsidiary "Dexon Technology USA Inc." in the USA in 2023 to support the high growth potential in the United States due to the complex and aging pipeline system that requires legal inspection and the transition to hydrogen conversion, which will become a major energy source in the future.
- Expanded 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 (dexon-technology.com)
- DEXON ("Dexon") is a leading provider of advanced pipeline inspection services (In-Line Inspection "ILI").
- DEXON ("Dexon") has a research and development team dedicated to equipment innovation, along with highly skilled personnel capable of delivering world-class inspection services to meet diverse client needs.
- DEXON ("Dexon") is a leader in both advanced non-destructive testing (Advanced NDT) and conventional non-destructive testing (Conventional NDT).
- DEXON ("Dexon") boasts a strong base of prominent domestic and international clients, ensuring stable revenue from its service business and a high rate of repeat customers.
Total revenue at the end of Q1 2025 was 153 million baht, an increase of 7% compared to the same period last year. The main reason was the growth of the advanced pipeline inspection services business, after the company expanded its business in international markets with continuous demand for such technology in the past, including in the United States, Latin America, Europe, and Asia.
In Q1 2025, the company's cost of services increased by 18% from the same period last year to 120 million baht. The main reason was the increase in personnel costs, such as salaries, wages, overtime pay, and training costs, due to the current business expansion. Meanwhile, selling and administrative expenses were 52 million baht, stable compared to the same period last year. In Q1 2025, the company had a net loss of 21 million baht, compared to a net loss of 6 million baht in the same period last year, for the reasons explained above.
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.com)
| as of 31/03/25 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 11.38 | 54.71 | 37.47 |
| P/BV (X) | 0.73 | 1.51 | 1.22 |
| Dividend yield (%) | 4.41 | 3.60 | 3.80 |
| 31/03/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 648.04 | 690.93 | 1,057.83 |
| Price (B/Share) | 1.36 | 1.45 | 2.22 |
| P/E (X) | 11.38 | 7.21 | 47.83 |
| P/BV (X) | 0.73 | 0.83 | 1.36 |
