The company's primary business is holding shares in other companies (Holding Company), including businesses providing advanced technology printing services and warehouse management, digital platform services, distribution of computer technology products, software and information systems, and investments in other businesses.
| 6M26 | 6M25 | 2025 | 2024 |
|---|
| Revenues | 862.11 | 757.45 | 1,469.64 | 1,568.13 |
| Expenses | 670.25 | 599.27 | 1,206.06 | 1,277.08 |
| Net Profit (Loss) | 320.54 | 87.47 | 277.27 | -55.67 |
| Assets | 4,547.06 | 4,278.56 | 4,384.43 | 4,445.14 |
| Liabilities | 1,122.50 | 985.68 | 933.80 | 1,057.72 |
| Shareholders' Equity | 3,369.51 | 3,252.22 | 3,404.43 | 3,344.61 |
| Operating | 153.82 | 95.15 | 311.96 | 386.11 |
| Investing | -32.31 | 123.59 | 116.07 | 103.15 |
| Financing | -98.60 | -244.29 | -460.68 | -462.23 |
| EPS (Baht) | 0.66 | 0.18 | 0.56 | -0.11 |
| GP Margin (%) | 38.50 | 35.37 | 34.73 | 35.36 |
| NP Margin (%) | 38.29 | 13.10 | 20.09 | -2.70 |
| D/E Ratio (x) | 0.33 | 0.30 | 0.27 | 0.31 |
| ROE (%) | 15.41 | 2.63 | 8.22 | -1.53 |
| ROA (%) | 13.23 | 3.71 | 7.94 | 0.48 |
Overview Business Strategy - Tech Ecosystem Builder
The Company has continuously focused on adapting its businesses to keep up with digital disruption by developing the innovation of information technology and has internally restructured its group of companies to create a synergy both in terms of market and product development and in terms of reducing production capital to increase its overall competitiveness to maintain its existing business base alongside finding new business partners. Currently, the Company has invested in 4 major businesses as below: -
1. Image & Security Fulfillment
2. Platform Solution
3. IT & Digital Ecosystem
4. Investment
Management of impacts on stakeholders in the business value chain
The Company has made an analysis of stakeholder’s expectation in the business value chain e.g. shareholder, customer, employee, society community and environment and vendor and response to those expectations through stakeholder engagement channel e.g. annual general meeting of shareholders, customer satisfaction survey, arranging activities with community.
Environmental sustainability management
The Company intends to operate in accordance with the environmental practice policy and operational guidelines announced for all employees and stakeholders to follow. The measurement shall be included management of power, water, waste and pollution, Greenhouse Gas reduction, air pollution etc.
Social sustainability management
The Company emphasizes treating each other equally and does not discriminate against all stakeholders. The Company has continually assisted the local recruitment of the project.
Summary of Operations
The Company had revenue for Q2 ended 30 June 2026. The Company generated revenue of THB 829.1 million THB 829.1 million, an increase of THB 119.8 million or 16.9% from the same period of the previous year. The increase was mainly driven by special projects in the printing business, the packaging and label business, and continued growth in the platform technology business. The gross profit margin was 38.5%, up from 35.4% in the corresponding prior-year period. This improvement was mainly attributable to an increase in special printing projects, as the Security Printing segment carries a relatively high gross profit margin. The Company also continued to manage production costs efficiently and focused on expanding high-potential growth businesses, particularly the platform technology business, which has a high gross profit margin. In addition, the Company recognized a share of profit from investments in associates of THB 171.0 million, up THB 100.4 million or 142.3% from the same period of the previous year.
The Company recorded net operating profit of THB 135.9 million, an increase of THB 46.8 million or 52.5% from the same period of the previous year, resulting from the higher gross profit margin on sales and service revenue described above..
As of 30 June 2026 were THB 4,547.1 million, an increase of THB 162.7 million or 3.7% from 31 December 2025. The increase was mainly attributable to the recognition of net profit (loss) during the period. The Company's financial position remained strong, with a debt-to-equity ratio of 0.33x
The Company generates income from its equity investments in other companies. As a result, the Company’s performance is dependent on the operating results and dividend payments of the invested companies. Accordingly, there is a possibility that returns from such investments may not meet expectations.
The Company responds to such risk by sending executive directors to be appointed as directors of those companies to supervise the management policies of those invested companies in accordance with the policies governing subsidiaries, associates and also diversifies its investment to companies with consistently growing operating profits and consistent dividend payments.
· Selected by the Thaipat Institute for inclusion in the "ESG Turnaround 2026" universe, comprising companies showing signs of earnings recovery and growth potential from their core businesses, supported by environmental, social and governance (ESG) factors. The recognition reflects progress in strengthening business performance while creating long-term sustainability.
· CAC Certified: The Company's membership certification in Thailand's Private Sector Collective Action Against Corruption (CAC), under the Thai Institute of Directors (IOD), was renewed for the second time. The certification is valid for three years, from 30 June 2026 to 30 June 2029.
· Received a score of 97 in the 2026 Annual General Meeting (AGM) Quality Assessment conducted by the Thai Investors Association (TIA).
· CSR - "Waste Creates Merit: Turn Waste into Funds" Project: The Company sorted waste and donated the proceeds to Ban Sandap School, generating total social value of THB 59,050 and a Social Return on Investment (SROI) of 4.63 times.
| as of 30/06/26 | TKS | MEDIA | SET |
|---|---|---|---|
| P/E (X) | 9.75 | - | 16.92 |
| P/BV (X) | 0.99 | 0.83 | 1.46 |
| Dividend yield (%) | 6.49 | 2.89 | 4.02 |
| 30/06/26 | 30/12/25 | 30/12/24 | |
|---|---|---|---|
| Market Cap (MB) | 3,635.41 | 3,279.49 | 3,025.27 |
| Price (B/Share) | 7.15 | 6.45 | 5.95 |
| P/E (X) | 9.75 | 31.37 | 36.53 |
| P/BV (X) | 0.99 | 0.94 | 0.86 |
