• The Company generated a core profit¹ of Baht 401 million, representing a significant increase of Baht 291 million, or 268%, from 2024.
• The Company generated total revenue including construction services and other income of Baht 2,737 million, representing a substantial increase of Baht 316 million, or 13%, from 2024.
• The Company has secured a contract valued at approximately Baht 234 million with the Geo-Informatics and Space Technology Development Agency (“GISTDA”) to supply antenna systems for the THEOS satellite constellation and leverage Earth Observation imagery for advanced space technology services.
• The Company was awarded the professional services for THAICOM 4 and THAICOM 6 satellites from National Telecom Public Company Limited, valued at over Baht 118

Bangkok, Thailand, 10 February 2026 – Thaicom Public Company Limited (the “Company” or “THCOM”), a leading Asian satellite operator and SpaceTech company, announced its financial results for 2025.

In 2025, the Company generated a core profit¹ of Baht 401 million, representing a significant increase of Baht 291 million, or 268%, from Baht 109 million in the prior year. This improvement was primarily supported by higher revenue, alongside efficient cost and expense management. Focusing solely on the satellite business, the Company generated Baht 432 million in core profit excluding non-satellite businesses and the share of loss from the telecommunications business, which exceeded the normal core profit by Baht 31 million, underscoring the core business’s robust profitability.

For 2025, the Company reported net profit attributable to the owner of the Company of Baht 40 million, representing a turnaround from a net loss of Baht 23 million in 2024. The Company was able to sustain its profitability despite foreign exchange volatility as the Baht appreciated, resulting in an unrealized loss on exchange rate, which is a non-cash item and does not reflect the Company’s core operating performance.

In 2025, total revenue from sales of goods and rendering of services, construction services, and other income amounted to Baht 2,737 million. This represents a substantial increase of Baht 316 million, or 13%, from Baht 2,420 million in 2024. The increase was primarily driven by revenue from services rendered to a counterparty of Baht 317 million (for further details, please refer to Note 20 to the financial statements). In addition, the Company successfully secured a contract with GISTDA to provide antenna and ground systems for receiving signals and controlling the THEOS satellite constellation under the antenna system procurement project, recognizing revenue of Baht 153 million during 2025 based on project progress. This underscores the Company’s position as a leader with long-standing expertise in the satellite and space industry, supported by over 30 years of experience, and its role as a comprehensive satellite operator.

In 2025, the Company strengthened its position in India, a large-scale market, through partnerships with Hughes Communications India Private Limited and Nelco Limited, leading satellite service providers in India. The services enhanced broadband connectivity across critical sectors, including financial services, renewable energy, mining, remote education, as well as aviation and maritime communications.

Furthermore, the Company successfully expanded its Geospatial Intelligence business, which represents a growth area with positive long-term potential. Progress was reflected through revenue from multiple projects in collaboration with both public and private agencies.These included revenue from a satellite-based Burn Tracking Platform for monitoring and detecting sugarcane burning activities in agricultural areas to address air pollution issues for the Office of the Cane and Sugar Board, an agricultural technology development project for the Agricultural Research Development Agency, and a drone-based project for GISTDA. In addition, the Company made progress on the CarbonWatch initiative through collaboration with leading organizations, including Global Green Chemicals Public Company Limited, Concrete Products and Aggregate Company Limited, a subsidiary of Siam Cement Group Public Company Limited, and Kasetsart University. These developments reflect the Company’s continued success in expanding its revenue base and executing its strategic roadmap effectively.

Regarding the telephone business abroad, the Company’s share of loss from investment in the joint venture in 2025 remained comparable to 2024, despite a significant increase in revenue and net profit of the Lao Telecommunications Public Company. Although the Lao Kip appreciated slightly against the U.S. dollar in 2025, the Company continued to recognize a share of loss from this investment, primarily due to finance costs incurred by Shenington Investments Pte. Ltd. However, in the long term, the Company continues to benefit from the ongoing tariff restructuring for telecom services implemented by the Ministry of Telecommunication and Communication of the Lao People’s Democratic Republic, which is expected to support the continuous recovery of the share of loss from investments.

[1] Core profit means profit attributable to owners of the Company before unrealized gain (loss) on exchange rate of the Company and joint ventures, and before extra items.

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