The Group operates retail, wholesale and service of construction materials and home decoration products including related services under the trade name "DOHOME" with a One-Stop Home Products Destination.
| 9M25 | 9M24 | 2024 | 2023 |
|---|
| Revenues | 22,336.67 | 23,626.92 | 31,344.51 | 31,596.74 |
| Expenses | 21,386.99 | 22,551.38 | 29,942.39 | 30,308.63 |
| Net Profit (Loss) | 504.31 | 514.00 | 674.08 | 585.28 |
| Assets | 33,826.46 | 33,888.62 | 33,566.02 | 33,982.74 |
| Liabilities | 20,510.21 | 21,229.07 | 20,739.79 | 21,807.12 |
| Shareholders' Equity | 13,316.25 | 12,659.55 | 12,826.22 | 12,175.62 |
| Operating | 2,400.51 | 439.34 | 1,401.45 | 1,946.56 |
| Investing | -1,325.84 | -590.58 | -1,082.82 | -2,437.71 |
| Financing | -1,053.29 | 57.45 | -490.76 | 626.43 |
| EPS (Baht) | 0.15 | 0.16 | 0.21 | 0.19 |
| GP Margin (%) | 17.75 | 17.25 | 17.13 | 15.70 |
| NP Margin (%) | 2.26 | 2.18 | 2.15 | 1.85 |
| D/E Ratio (x) | 1.54 | 1.68 | 1.62 | 1.79 |
| ROE (%) | 5.12 | 5.77 | 5.39 | 4.92 |
| ROA (%) | 3.77 | 4.38 | 4.15 | 3.83 |
The company plans to continuously expand branches nationwide to accommodate population and economic growth. It aims to create career opportunities, enhance employee potential, and integrate advanced technologies into operations. Additionally, the company strengthens collaborations with existing partners while seeking new partnerships to achieve mutual success, alongside giving back to and taking responsibility for society.
- The company has developed a business strategy aligned with sustainable development policies and good corporate governance principles, integrating three key aspects: Environmental: Conducting business with eco-friendly policies, minimizing negative impacts, and promoting efficient resource utilization. Social: Enhancing accessibility to products and services while supporting equal opportunities to improve quality of life. Governance: Committed to conducting business based on the principle of good corporate governance, and ethics, and focusing on building business partnerships for sustainable growth.
- The Company received a "Excellent" (5 stars) rating for the fourth consecutive year in the Corporate Governance Report of Thai Listed Companies (CGR) 2025 survey, conducted by the Thai Institute of Directors Association (IOD).
- The company received an assessment of its 2025 Annual General Meeting of Shareholders (AGM) quality by the Thai Investors Association, achieving a perfect score of 100 at the "Excellent" level.
- The company won the HR Asia Best Companies to Work for in Asia 2025 Award for its excellent work culture, commitment to employee well-being, and strong employee engagement.
- In 29 Sep 2023, The Company has been certified as a member of the Thai Private Sector Collective Action Against Corruption (CAC Certification).
The company operates under the concept of "Complete, Cheap and Good...at DOHOME" Its key business strategies include The Purpose of Eco-Friendly Products, Construction Material Services and Master of All Home Repair Services, Expansion of Distribution Channels Along with Community Development, Development of the E-Commerce Channel, and Elevating the Standard of Corporate Governance and Transparency.
For the nine months of 2025, the Group's total revenue was Baht 22,324.26 million, a 5.5% decrease from 2024. Although net profit dropped by 1.9% to Baht 504.32 million from Baht 514.00 million, the net profit margin slightly improved to 2.3% from 2.2%.
1.Total revenues were Baht 22,324.26 million, a decrease of Baht 1,289.00 million or 5.5% from the nine-month period of 2024, which comprised of the following details:
- Revenue from sales and services was Baht 22,114.77 million, a decrease of Baht 1,253.13 million or 5.4% from the nine-month period of 2024, mainly due to lower revenue from existing branches, while branches in the ramp-up period continued to grow and revenue from newly opened branches increased.
- Other incomes were Baht 209.49 million, a decrease of Baht 35.87 million or 14.6% from the nine-month period of 2024, mainly due to a decrease in subsidies from suppliers.
2.Gross profit reached Baht 3,924.58 million, resulting in a margin of 17.7%, an increase from 17.2% for the nine-month period of 2024, primarily driven by improved margins across all product categories.
- Regarding the promotion of product and service sales, the Company has continuously implemented sales promotion activities, both through branch channels and online, including organizing activities to stimulate customer spending and enhance market competitiveness. This is a key strategy to expand the offering of products and services to be more comprehensive and better meet customer needs.
- In Q3/2025, The Company opened one new Dohome ToGo branch Prachauthit 90, bringing the total to 24 large branches and 17 Dohome ToGo branches.
1. Competition and Economic Environment Risks: The company recognizes these risks and closely monitors the situation. It is focused on enhancing brand recognition for Dohome and Dohome ToGo, in line with its vision to be a one-stop center offering comprehensive, affordable, and high-quality building materials and home decoration products for all customer segments. The company provides a wide variety of products to meet customer needs, including the development of its own branded products (House Brand), as well as offering a full range of home services to ensure a complete, one-stop solution for customers.
2. Procurement/Supply Chain Risk: The company has established a team to oversee and control the sourcing and purchasing of products. This team regularly seeks and selects new manufacturers and distributors both domestically and internationally to reduce the risk of relying on a small number of suppliers and to build long-term negotiating power. Additionally, the company continuously evaluates the standards and capabilities of manufacturers to ensure the procurement of high-quality and sustainable products.
3. Risk related to sourcing investment funds and land for branch expansion: The company prepares an investment budget for the expansion of new branches to ensure it can secure funding from appropriate and sufficient sources. Additionally, the company closely monitors the utilization of investment funds to ensure expenditures are in line with the established budget, allowing operations to proceed according to the business plan
| as of 30/09/25 | DOHOME | COMM | SET |
|---|---|---|---|
| P/E (X) | 20.74 | 17.65 | 16.67 |
| P/BV (X) | 1.00 | 1.46 | 1.21 |
| Dividend yield (%) | 0.13 | 3.08 | 3.67 |
| 30/09/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 13,262.48 | 28,581.39 | 39,231.97 |
| Price (B/Share) | 3.92 | 8.85 | 12.70 |
| P/E (X) | 20.74 | 40.20 | 116.35 |
| P/BV (X) | 1.00 | 2.26 | 3.27 |
