Com7 Public Company Limited continues to lead within Thailand’s IT retail sector, consistently delivering superior top-line and bottom-line performance despite the macroeconomic volatility and geopolitical headwinds characterizing 2026. Strategically, the Company remains anchored by its core technology retail engine while aggressively scaling high-potential, value-added segments to ensure long-term capital appreciation. Key growth drivers include the expansion of UFUND’s omnichannel credit services and iCare Insurance’s high-yield protection suites. Furthermore, the Company is capitalizing on the transition to sustainable energy through its Green Mobility initiatives, EV distribution and fleet leasing, and a burgeoning Solar Rooftop business. The latter continues to gain significant market traction, particularly within the residential sector, bolstered by favorable government tax incentives.
| 3M26 | 3M25 | 2025 | 2024 |
|---|
| Revenues | 23,572.09 | 20,948.55 | 87,489.38 | 79,233.19 |
| Expenses | 22,121.28 | 19,723.51 | 82,341.50 | 74,975.31 |
| Net Profit (Loss) | 1,226.18 | 980.65 | 4,063.53 | 3,307.16 |
| Assets | 32,737.37 | 25,429.24 | 31,568.97 | 26,636.57 |
| Liabilities | 20,519.33 | 15,601.48 | 20,599.44 | 17,813.29 |
| Shareholders' Equity | 12,092.05 | 9,748.68 | 10,853.82 | 8,750.76 |
| Operating | 1,432.88 | 3,571.03 | 6,070.27 | 2,153.00 |
| Investing | -417.75 | -393.23 | -2,000.91 | -744.54 |
| Financing | -2,085.40 | -3,531.06 | -3,076.87 | -1,121.49 |
| EPS (Baht) | 0.52 | 0.42 | 1.71 | 1.39 |
| GP Margin (%) | 14.13 | 13.66 | 13.54 | 13.25 |
| NP Margin (%) | 5.25 | 4.70 | 4.67 | 4.19 |
| D/E Ratio (x) | 1.68 | 1.59 | 1.88 | 2.02 |
| ROE (%) | 39.46 | 37.87 | 41.45 | 39.38 |
| ROA (%) | 18.77 | 19.06 | 17.86 | 17.34 |
The company is committed to sustaining its revenue and net profit growth momentum through a multi-sector strategy. In the IT retail business group, the company continues to drive sales growth from existing branches, alongside expanding branches in potential locations to reinforce its market leadership. This is coupled with supportive factors from the launch of new innovative products expected to receive high demand. Concurrently, the company has enhanced its profitability through new business groups, particularly by penetrating the credit market and continuously expanding its revenue base from the iCare insurance business. Furthermore, the company is accelerating the creation of new revenue streams by venturing into clean energy and electric vehicle businesses to diversify risks and ensure stable long-term profit growth.
The Company is steadfast in its commitment to sustainable value creation, integrating Environmental, Social, and Governance (ESG) principles into our core operational fabric. Our Board of Directors, together with the Corporate Governance and Sustainability Committee and the Risk Management Committee, play a pivotal role in orchestrating our sustainability mandate-continuously refining policies and evaluating institutional performance against stakeholder expectations. These efforts are strategically congruent with the United Nations Sustainable Development Goals (SDGs) and our overarching pledge to achieve Net Zero GHG Emissions by 2050.
The core retail segment maintained its robust momentum, propelled by sustained iPhone demand and promotional strategies. The diversified portfolio demonstrated exceptional operational outperformance: UFUND accelerated its portfolio penetration, while iCare Insurance capitalized on steady contractual revenue recognition. Notably, the EV ecosystem, comprising retail and fleet leasing augmented by the Solar Rooftop, experienced a sharp surge in traction, anchored by rising fuel prices and the accelerating transition toward renewable energy.
Revenue amounted to 23,572 million Baht, an increase of 2,263 million Baht (+12.5%) compared to the same period last year, driven by resilient iPhone demand despite macroeconomic headwinds. Elevated living costs catalyzed a shift toward financing, fueling significant expansion in the hire-purchase portfolio. Furthermore, the Group achieved robust growth through insurance cross-selling and the acceleration of the EV ecosystem, which gained substantial momentum from rising global fuel prices.
Gross profit amounted to 3,323 million Baht, an increase of 469 million Baht (+16.4%) compared to the same period last year. The gross profit margin strengthened to 14.0% from 13.6% in the prior year, underpinned by two core drivers: the retail segment’s sustained cost-management discipline and the outsized performance of high-margin subsidiaries. This favorable shift in the business mix has effectively increased the concentration of high-value-added contributions relative to consolidated revenue.
Selling and administrative expenses amounted to 1,851 million Baht, an increase of 214 million Baht (+13.0%) compared to the same period last year, primarily driven by variable costs associated with revenue expansion. Despite the absolute increase, the S&A-to-revenue ratio remained stable at 7.8%, consistent with the previous year. This stability underscores the Group’s operational discipline, demonstrating that expenditure growth remains strictly commensurate with top-line performance.
Net profit amounted to 1,226 million Baht, an increase of 246 million Baht (+25.0%) compared to the same period last year.
The Company’s retail network comprised 1,323 locations. This strategic footprint optimization involved the divestment of underperforming units to reallocate capital toward high-potential growth engines, specifically our core Studio7 and BaNANA brands. Expanding within these high-margin segments, the Company is reinforcing its brand equity and capturing market share.
The company prioritizes systematic and continuous enterprise-level risk management to enhance operational stability and sustainability. By adhering to international risk management principles, we cultivate a risk-aware culture among all employees, implement effective control processes, and set clear risk limits to manage risk at an acceptable level. This approach is a crucial mechanism that enables the company to cope with uncertainties and maintain long-term business stability.
- ASEAN Asset Class Distinction: Bestowed with the ASEAN Corporate Governance award.
- Secured the highest 5-star rating for Corporate Governance from the Thai Institute of Directors (IOD) for the fifth consecutive year.
- SET ESG Ratings - AA Level: Maintained an "AA" rating in the SET ESG Ratings for the fifth consecutive year.
- Successfully renewed membership with the Thai Private Sector Collective Action Against Corruption (CAC).
| as of 31/03/26 | COM7 | COMM | SET |
|---|---|---|---|
| P/E (X) | 12.65 | 16.24 | 16.56 |
| P/BV (X) | 4.74 | 1.28 | 1.36 |
| Dividend yield (%) | 5.05 | 4.45 | 4.41 |
| 31/03/26 | 30/12/25 | 30/12/24 | |
|---|---|---|---|
| Market Cap (MB) | 52,051.83 | 46,798.90 | 62,999.95 |
| Price (B/Share) | 21.80 | 19.60 | 26.25 |
| P/E (X) | 12.65 | 11.91 | 20.95 |
| P/BV (X) | 4.74 | 4.81 | 8.01 |
