Siam Global House Public Company Limited (SET: GLOBAL) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
621.90 | 725.27 |
| Earning Per Share (Baht) |
0.1196 | 0.1394 |
| % Change | -14.25 | |
GLOBAL reported a net profit of Baht 617.49 million, a decrease of Baht 106.10 million or 14.66%, compared to the same period in 2024. This came from the declined sales driven by the economic slowdown and the high levels of household debt, which have significantly affected consumer confidence in spending despite the government implementing economic stimulus measures such as the Easy E-Receipt initiative and the Phase 2 digital-wallet scheme of 10,000 Baht.
Total revenues for the first quarter of 2025 was Baht 8,588.15 million, a decrease of Baht 391.96 million or 4.36%, compared to the same period in 2024. Sales revenue was Baht 8,373.63 million, a decrease of Baht 393.82 million or 4.49%, due to the decreased sales of the existing stores.
Distribution costs & Administrative expenses (exclude Depreciation, Unrealized gain (loss) on exchange rate, and Unrealized gain (loss) from current investments) for the first quarter of 2025 amounted to Baht 1,176.19 million, an increase of Baht 37.12 million or 3.26%, compared to the same period in 2024, representing 14.05% of sales. This was mainly driven by the increase in salary expenses and the store expansion expenses of 7 newly opened stores.
