AUCT : UNION AUCTION PUBLIC COMPANY LIMITED
6M/2025 (Jan - Jun 2025)
Business Overview

Operates as an intermediary in arranging auction services of all types of property, other auctioned related services to facilitate the owner of the property and the bidder; transportation service, procurement of source of fund for customers who participated in the auction. And there are sale channels through the website.


Financial Statement
6M25 6M24 2024 2023
Income Statement (MB)
Revenues 528.93 653.87 1,303.46 1,240.61
Expenses 388.44 388.03 813.21 780.37
Net Profit (Loss) 99.20 203.15 371.29 347.93
Balance Sheet (MB)
Assets 1,894.71 2,049.25 2,050.89 1,979.28
Liabilities 1,406.73 1,458.33 1,486.12 1,388.01
Shareholders' Equity 487.98 590.91 564.77 591.26
Cash Flow (MB)
Operating 160.07 244.65 405.04 709.87
Investing 104.36 -123.06 -178.09 43.14
Financing -229.45 -253.32 -500.62 -408.30
Financial Ratio
EPS (Baht) 0.18 0.37 0.68 0.63
GP Margin (%) 42.53 53.16 50.46 50.02
NP Margin (%) 18.76 31.07 28.49 28.04
D/E Ratio (x) 2.88 2.47 2.63 2.35
ROE (%) 49.56 68.56 64.24 60.75
ROA (%) 18.50 25.94 24.33 24.31
Business Plan
  • Upgrading services enhancing performance and increasing the range of services to its customers through online auctions including providing enough information to customers.
  • Diversify to more categories of assets and expand its customer group to end users in order to manage the risk of reliance on limited assets at auction.
  • Proactively marketing online and increasing the group of customers online auction via AUCT Live system.
  • Find partners to increase services and meet customer needs both pre and post-auction.
  • Maintain existing customers and seek new customers.


Sustainable Development Plan
  • Digitalizing the working style
  • Improving IT systems
  • Reduce workflow for more efficient
  • Employee's potential development
  • Reducing unnecessary energy use
Business Highlight

On 1 May 2025, the Company increased the service fees as follows:

- Cars 12,000 Baht

- 6-Wheel Trucks 14,000 Baht

- 10-Wheel Trucks 17,000 Baht

- Motorcycles under 250 cc 2,000 Baht

- Motorcycles under 500 cc 3,500 Baht

- Motorcycles 500 cc and above 5,000 Baht

Performance and Analysis
Business Performance Summary

In the 2Q/2025, the Company’s revenue from services was 258.53 MB decreased by 46.18 MB or 15.2% YoY. Revenue from auctions was 202.94 MB, decreased by 52.91 MB or 20.7% YoY, and decreased by 18.32 MB or 8.3% QoQ. This decline was primarily due to the impact of the “You Fight, We Help” program, which has led to a continued slowdown in the number of repossessed vehicles entering auction yards and the volume of ended vehicle auctions since the late 4Q/2024.

As a result of the increase in service fees, the Company’s revenue from auctions was close to the previous quarter, while a decline in the number of vehicles entering the auction yards and the number of ended vehicle auctions. In the 2Q/2025, revenue from transportation and other services were 55.59 MB increased by 6.73 MB or 13.8% YoY, and increased by 13.13 MB or 30.9% QoQ. The growth was attributed to revenue from organizing a spectrum auction event. Meanwhile, revenue from transportation and other vehicle auction-related services declined in line with the reduction in ended vehicle auctions volume.

For the 6M/2025, the Company’s total service revenue was 522.25 MB, decreased by 125.28 MB or 19.3% YoY. Revenue from auctions was 424.20 MB, decreased by 121.47 MB or 22.3% YoY. Revenue from transportation and other services were 98.05 MB , decreased by 3.81 MB or 3.7% YoY.

Key Milestones

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Risk Management Policy
  1. The risk of natural disasters and accidents: to have insurance covering natural disasters and accidents. The employees are trained to prepare for the event of natural disasters.
  2. Risks from utilities system which may impact to the auction process: to arrange the business continuity plan to minimize risks and impacts from interruption of online auction system. Including regular practice BCP plans to reduce the risk of being affected by critical utility problems such as power outages, power surges, or internet failures.
  3. Risk from Properties Being Lost, Damaged and Stolen while under the Company’s Possession: to implement strict access controls, hiring out-sourced 24-hour security guards, and also purchased insurance which covered the Company’s properties. 
  4. ESG Risk:
  • Environmental: to control pollution emitted from transportation or vehicle condition inspection.
  • Social: to establish the policy on fair treatment of employees, provision of medical check-up and safety in the workplace, design the transparent bidding process. There is a policy to protect the privacy rights of the customers and build good relationships with the local communities. 
  • Corporate governance: to stipulated the business ethics manual, the anti-corruption policy and the practices to prevent conflict of interest. The Company also has the strict internal control system which conform to the relevant standards or laws.
Recent Awards and Recognitions
  • A listed company with outstanding performance at the SET Awards 2024 from the SET, in collaboration with Bank Finance Journal and Sasin Graduate Institute of Business Administration of Chulalongkorn University
Revenue Structure
Revenue from services 77.3% Revenue from other services 21.17% Others 1.53%
Stock Information
mai / SERVICE
Closing price AUCT mai index 12.00 7.50 3.00 377.00 311.00 245.00 179.00 1-7-24 30-9-24 27-12-24 26-3-25 30-6-25
as of 30/06/25 AUCT SERVICE mai
P/E (X) 10.60 63.41 60.02
P/BV (X) 5.24 1.59 1.15
Dividend yield (%) 11.36 3.34 3.94
30/06/25 30/12/24 28/12/23
Market Cap (MB) 3,245.00 4,592.50 6,270.00
Price (B/Share) 5.90 8.35 11.40
P/E (X) 10.60 11.80 17.95
P/BV (X) 5.24 9.35 12.59
CG Report:
Major Shareholders
as of 16/04/2025
MRS. THIDARUT SRITAPAWANG (16.75%)
นาย วรัญญู ศิลา (16.18%)
MR. PARKPOOM SILA (16.08%)
BNY MELLON NOMINEES LIMITED (5.79%)
PERSHING LLC (5.55%)
Others (39.65%)
Company Information and Contact
http://www.auct.co.th
investor@auct.co.th
0-2033-6555
518/28 Soi Ramkhamhaeng 39 (Thepleela 1) Wangthonglang Bangkok 10310
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