Page 278 - THAILAND PRIVILEGE ANNUAL REPORT 2025

Company Performance

1. Financial Analysis Report
Overview of Operating Results for Fiscal Year 2025 Compared with Fiscal Year 2024

In fiscal year 2025, the Company reported total revenue of Baht 3,324.07 million and total expenses of
Baht 993.76 million, resulting in a net profit of Baht 1,863.37 million. Net profit increased by Baht 448.11 million,
or 31.66%, compared with the previous fiscal year.

Revenue
For the fiscal year ended 30 September 2025, the Company recorded total revenue of Baht 3,324.07
million, representing an increase of Baht 335.55 million, or 11.23%, compared with the same period of the previous
year. Details are as follows:
1. Membership sales revenue amounted to Baht 2,894.36 million, increasing by Baht 285.02 million, or
10.92%, from the previous year.
2. Financial income totaled Baht 416.75 million, increasing by Baht 46.84 million, or 12.66%.
3. Other income amounted to Baht 12.96 million, increasing by Baht 3.70 million, or 39.95%.

Expenses
For the fiscal year ended 30 September 2025, the Company recorded total expenses of Baht 993.76 million,
a decrease of Baht 224.47 million, or 18.43%, compared with the previous year. Details are as follows:
1. Cost of membership services totaled Baht 176.29 million, decreasing by Baht 3.43 million, or 1.91%.
2. Selling expenses amounted to Baht 521.92 million, decreasing of Baht 249.72 million, or 32.36%.
3. Employee benefit expenses totaled Baht 188.77 million, increasing by Baht 22.87 million, or 13.78%.
4. Directors’ and executives’ remuneration amounted to Baht 11.56 million, an increase of Baht 3.26
million, or 39.23%.
5. Depreciation and amortization expenses totaled Baht 18.96 million, increasing by Baht 10.14 million,
or 115.07%.
6. Other expenses amounted to Baht 76.27 million, decreasing by Baht 7.59 million, or 9.05%.

Liquidity
As of 30 September 2025, the Company had cash and cash equivalents totaling Baht 5,224.71 million,
representing an increase of Baht 3,561.04 million compared with the beginning of fiscal year 2025 (1 October 2024).
This consisted of:
1. Net cash provided by operating activities: Baht 1,312.04 million
2. Net cash used in investing activities: Baht 3,265.62 million
3. Net cash used in financing activities: Baht 1,016.57 million

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