Providing engineering inspection services and creating technological innovations for the inspection of production structures and equipment in the petroleum, energy and other industries.
| 6M26 | 6M25 | 2025 | 2024 |
|---|
| Revenues | 349.06 | 337.55 | 812.54 | 757.36 |
| Expenses | 381.97 | 394.27 | 856.61 | 718.53 |
| Net Profit (Loss) | -36.97 | -66.62 | -59.68 | 33.58 |
| Assets | 923.04 | 926.82 | 987.80 | 950.79 |
| Liabilities | 302.96 | 274.49 | 337.04 | 206.20 |
| Shareholders' Equity | 620.07 | 652.34 | 650.77 | 744.59 |
| Operating | 81.50 | 38.29 | 82.77 | 98.01 |
| Investing | -17.83 | -39.83 | -69.60 | -83.17 |
| Financing | -43.90 | 15.45 | 57.44 | -33.17 |
| EPS (Baht) | -0.08 | -0.14 | -0.13 | 0.07 |
| GP Margin (%) | 20.15 | 13.32 | 24.64 | 32.26 |
| NP Margin (%) | -10.59 | -19.74 | -7.34 | 4.43 |
| D/E Ratio (x) | 0.49 | 0.42 | 0.52 | 0.28 |
| ROE (%) | -6.95 | -5.38 | -8.55 | 4.19 |
| ROA (%) | -3.86 | -3.32 | -5.52 | 4.21 |
The Company aims to strengthen its position as a global provider of advanced inspection technology and restore sustainable profitability, with the following priorities:
- Focus on high-value advanced inspection services, namely Advanced In-Line Inspection and Advanced NDT, and accelerate the commercial deployment of newly developed In-Line Inspection technologies.
- Expand overseas markets, particularly the United States and Europe through Dexon Technology USA Inc. and Dexon Technology Europe GmbH, as well as other regions with high demand for pipeline integrity services.
- Continue investing in research and development of inspection tools and key components in-house to enhance service capability and cost competitiveness.
- Improve profitability through project-mix management, pricing discipline and cost optimization across the Group.
- Maintain financial discipline in working capital, capital expenditure and debt repayment to preserve liquidity.
Investors can access to the company's sustainability operational plan via the link Dexon Sustainability Portal
- A leading provider of advanced pipeline In-Line Inspection (ILI) services, using inspection tools developed in-house and serving customers worldwide.
- Strong R&D and engineering capability, recognized with the SET Awards Best Innovative Company for two consecutive years (2023 and 2024).
- Comprehensive inspection solutions covering Advanced In-Line Inspection, Advanced NDT, Conventional NDT, and Mechanical and Maintenance services, complemented by professional inspection training services.
- A loyal base of leading domestic and international customers in the energy and petrochemical industries, generating stable and recurring revenue.
In 1H26, the Company recorded service revenue of THB 348 million (+3% YoY), the highest first-half revenue in its history. Growth was driven by Mechanical and Maintenance services and continued demand in the Non-Destructive Testing (NDT) market. Revenue recognition from certain Advanced In-Line Inspection (ILI) projects was affected by project scheduling. During the period, the Company successfully deployed new advanced ILI technologies and expects a stronger ILI contribution in the remaining quarters of 2026 as projects progress.
Cost of services decreased 5% YoY to THB 278 million on a more favorable project mix and pricing discipline, lifting the gross profit margin to 20% from 13%. Selling and administrative expenses (SG&A) were THB 104 million (+2% YoY), as savings from the prior year's restructuring were partly offset by business expansion across the Group.
As a result, net loss narrowed to THB 37 million from THB 67 million in 1H25, a 44% decrease. For 2Q26, net loss was THB 2 million, compared with THB 31 million in 2Q25.
- 1990 – Began development of Intelligent Pigging technology
- 1996 – Established in Thailand with registered capital of THB 2 million (formerly DACON)
- 2007 – R&D successfully built the UT-R tool, marking the start of pipeline inspection services
- 2016 – R&D developed an intelligent inspection tool using Magnetic Flux Leakage (MFL) technology
- 2020–2021 – Restructured the company, increased registered capital to THB 75.82 million, and established a subsidiary
- 2022 – Converted into a public company as DEXON Technology PCL and increased registered capital to THB 238.25 million
- 2023 – First trading day on mai (31 March 2023), established Dexon Technology USA Inc., and received the SET Awards Best Innovative Company
- 2024 – Established Dexon Technology Europe GmbH in Germany, and received the SET Awards Best Innovative Company for the second consecutive year
Investors can access the organization's risk management policy at the link Dexon Risk Management Policy
Investors can follow the company's past awards and achievements at the link Dexon News Portal
| as of 30/06/26 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | - | 36.24 | 67.97 |
| P/BV (X) | 0.67 | 1.41 | 1.13 |
| Dividend yield (%) | - | 3.43 | 3.63 |
| 30/06/26 | 30/12/25 | 30/12/24 | |
|---|---|---|---|
| Market Cap (MB) | 414.56 | 571.80 | 690.93 |
| Price (B/Share) | 0.87 | 1.20 | 1.45 |
| P/E (X) | - | - | 7.21 |
| P/BV (X) | 0.67 | 0.72 | 0.83 |
