HMPRO : HOME PRODUCT CENTER PUBLIC COMPANY LIMITED
YE/2025 (Jan - Dec 2025)
Business Overview
  • The Company was established with the objective to operate a retail business in home improvement segment by offering products and complete range of services relating to construction, extension, refurbishment, renovation, makeover and improvement of buildings, houses, and residential places through One Stop Shopping Home Center, under the trade name of “HomePro” to serve home-owner customers and the trade name of “Mega Home” to serve technicians and contractors, which is the Company’s trademark.
Financial Statement
2025 2024 2023 2022
Income Statement (MB)
Revenues 70,609.53 72,638.47 72,821.77 69,389.43
Expenses 62,470.06 63,885.83 64,307.02 61,301.82
Net Profit (Loss) 6,011.39 6,503.55 6,441.56 6,217.09
Balance Sheet (MB)
Assets 70,648.48 69,664.87 69,047.89 65,184.74
Liabilities 44,551.25 42,862.43 43,489.10 40,938.86
Shareholders' Equity 26,097.22 26,802.44 25,558.78 24,245.88
Cash Flow (MB)
Operating 9,337.05 10,153.21 9,792.49 9,951.98
Investing -4,330.63 -3,691.31 -5,244.55 -5,509.17
Financing -6,074.05 -7,339.30 -3,535.84 -3,567.59
Financial Ratio
EPS (Baht) 0.46 0.49 0.49 0.47
GP Margin (%) 27.60 27.59 27.45 26.98
NP Margin (%) 8.51 8.95 8.85 8.96
D/E Ratio (x) 1.71 1.60 1.70 1.69
ROE (%) 22.73 24.84 25.87 26.38
ROA (%) 11.60 12.62 12.69 13.07
Business Plan
  1. Information Technology System Development Project: Enhancing efficiency through the Chang HomePro app for faster service, a Trade-In tracking system, and AI-driven forecasting for inventory accuracy and point-of-sale operations.
  2. E-commerce System Development Project: Upgrading the online platform and launching a Marketplace to offer a wider range of products beyond physical stores, boosting competitiveness and meeting diverse customer needs.
  3. Loss Management Cockpit (LMC) Development Project: Implementing a centralized platform with real-time CCTV monitoring to track and manage operational, financial, and safety losses across all stores.
  4. Automated Storage and Retrieval System (ASRS) Installation Project at the Distribution Center: Expanding the Automated Storage and Retrieval System (ASRS) at distribution centers to support future business growth and store expansion.
  5. Private Brand Product Development Project: Focusing on expert-led product design and sustainable manufacturing to deliver high-quality, eco-friendly private label products that meet consumer demands.
Sustainable Development Plan
  • Environmental Management
  • Circular Economy and Waste Management
  • Customer care
  • Associate Well-being
  • Good Corporate Governance
Business Highlight
  • The Company accelerated the expansion of its Hybrid Store format, co-locating HomePro and Mega Home to serve homeowners and contractors in high-potential areas. This dual-brand synergy drives sales through a one-stop shopping experience, while enhancing competitive advantage and optimizing costs through efficient space and resource utilization.
Performance and Analysis
Business Performance Summary
  • Net Profit: The Company reported a net profit of THB 6,011.39 million, representing a decrease of THB 492.16 million or 7.57% compared to the previous year.
  • Revenues: Total revenue amounted to THB 70,569.77 million, representing a decrease of THB 2,006.74 million or down 2.77%, comprising of the following:  

1) Revenue from contracts with customers, which comprises revenue from the sale of goods and revenue from Home Service (Chang HomePro), amounted to THB 65,955.18 million, representing a decrease of THB 1,996.84 million or down 2.94% compared to the same period last year.

2) Rental income amounted to THB 1,932.41 million, representing an increase of THB 78.05 million or up 4.21% from the previous year.

3) Other income amounted to THB 2,682.18 million, representing decrease of THB 87.95 million or down 3.17%. 

Key Milestones
  • The Company aims to maximize revenue by aligning distribution channels with modern consumer behavior. By prioritizing speed, delivery standards have been elevated to offer 1-hour instant fulfillment for small items. Furthermore, long-term loyalty is fostered through a Product Life Cycle engagement strategy and professional "Chang HomePro" services, ensuring superior value and comprehensive care throughout the entire customer journey.
  • As of the end of 2025, the Company operates a total of 133 stores, comprising 87 HomePro stores, 4 HomePro S stores, 21 Mega Home stores, 14 Hybrid Stores, and 7 HomePro stores in Malaysia. Throughout the past year, 10 new stores have been opened to capture market growth and broaden geographical coverage. These include 2 HomePro stores (Phangan and Laem Chabang), 1 Mega Home store (Wiang Sa), and 7 Hybrid Stores (Bowin, Mae Sai, Bangna-Trad, Phutthamonthon Sai 4, Aranyaprathet, Chiang Rai, and Lam Luk Ka). Conversely, one HomePro S store at Marketplace Nanglinchee was closed following the expiration of its lease agreement.
Risk Management Policy
  • Economic Volatility: Continuing store expansions while proactively monitoring performance and launching collaborative marketing campaigns with banks, government agencies, and business partners to stimulate customer demand.
  • Procurement:  Diversifying sourcing across multiple manufacturers to mitigate supply risks and enhance negotiation leverage, while conducting ongoing human rights and environmental supplier audits to ensure full compliance.
Recent Awards and Recognitions
  • DJSI: Member of the "Best-In-Class Indices (DJBIC)" in Emerging Markets for the 9th consecutive year.
  • MSCI ESG Ratings: Achieved an "AA" rating
  • FTSE4Good Index: Included in the index by FTSE Russell.
  • SET ESG Ratings: Received the highest "AAA" rating


Revenue Structure
Revenue from contracts 74.5% Revenue from subsidiaries 17.6% Other income 7.9%
Stock Information
SET / SERVICE / COMM
Closing price HMPRO SET index 11.00 7.50 4.00 1424.00 1270.67 1117.33 964.00 2-1-25 31-3-25 3-7-25 1-10-25 30-12-25
as of 30/12/25 HMPRO COMM SET
P/E (X) 14.06 15.06 15.44
P/BV (X) 3.52 1.27 1.19
Dividend yield (%) 6.56 3.47 3.71
30/12/25 30/12/24 28/12/23
Market Cap (MB) 87,455.47 123,621.26 153,869.02
Price (B/Share) 6.65 9.40 11.70
P/E (X) 14.06 19.15 23.98
P/BV (X) 3.52 4.93 6.44
CG Report:
Company Rating:
AA-/TRIS
Major Shareholders
as of 11/03/2026
Land and Houses Public Company Limited (30.23%)
Quality Houses Public Company Limited (19.87%)
Mr. Niti Osathanuklor (5.27%)
SOCIAL SECURITY OFFICE (4.79%)
Thai NVDR Company Limited (3.68%)
Others (36.16%)
Company Information and Contact
http://www.homepro.co.th
ir@homepro.co.th
02-832-1416
31 Prachachuennonthaburi Rd., Bangkhen, Amphoe Muang Nonthaburi 11000
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=HMPRO
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Published on 25/03/2026