Mr. Weng Sam Lam, Chief Executive Officer of Roctec Global Public Company Limited (SET: ROCTEC), revealed that the company has announced its third-quarter results for the fiscal year 2024/25, ending on December 31, 2024. The results demonstrated the company’s robust business growth and consistent operational efficiency. In parallel, the company made a strategic decision to sell a 50% stake in Hello Bangkok LED Co., Ltd. (HELLO), which enhances its financial flexibility and refocuses its investments in high-potential ICT Solutions businesses for the future.
During the quarter, ROCTEC reported a total revenue of 727 million baht, reflecting a 4.3% increase year-on-year. Comparing this to the first nine months of the fiscal year 2024/25, the company achieved a cumulative revenue of 2,303 million baht, which is a 15.2% growth. The company also posted a quarterly net profit of 84 million baht, showing a growth of 24.0%, while the cumulative profit for the first nine months amounted to 238 million baht, a 43.1% increase compared to the same period last year. This highlights the company’s strong cost management and operational efficiency.
Meanwhile, the company generated 622 million baht in revenue from its ICT services business, reflecting a 5.9% increase compared to the previous year. This growth is a result of strong demand in the transportation systems market, which has been driven by the expansion of infrastructure projects in Hong Kong and Thailand, as well as the company’s ability to offer technological solutions that effectively meet customer needs. The growth also stems from ROCTEC’s commitment to developing and improving its services, particularly through in-house R&D, enabling the company to continuously adapt to market changes.
ROCTEC has made a strategic decision to sell a 50% stake in HELLO to Plan B Media Public Company Limited (SET: PLANB) for 2 billion baht. The purpose of this transaction is twofold: 1) to focus on investments in high-potential future ICT services businesses, and 2) to enhance financial flexibility of the company. As of the third quarter of the fiscal year 2024/25, the company holds cash and cash equivalents totaling over 1,634 million baht. When combined with the proceeds from the sale of HELLO, this significantly increases the company’s liquidity. Additionally, the company is currently debt-free.
Mr. Weng Sam Lam also shared his outlook for the business in the next 3-5 years as ROCTEC remains committed to expanding its role in infrastructure projects in Hong Kong and Thailand while driving sustainable growth. The company currently has a backlog of over 90% of projects that have been delivered or signed, indicating stable revenue and future growth opportunities.
Furthermore, ROCTEC’s acquisition as a subsidiary of BTS Group Holdings Public Company Limited (SET: BTS) in November 2024 marks a significant step in enhancing the company’s competitive capabilities. This will provide opportunities to expand market reach, access large-scale transportation projects, and leverage the BTS Group’s network to strengthen financial stability and foster innovation in ROCTEC’s ICT services business for sustainable growth.
