Humanica Public Company (HUMAN) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue grew 5% year-over-year to 363mb, with recurring revenue making up 75% of total revenue and gross profit up 7%.

• Interim financials for H1 2025 showed consolidated revenue of Baht 736.5 million and net profit of Baht 164.1 million, both up year-over-year.

• Revenue growth was driven by new client acquisitions, regional expansion, and strong performance in HR management and accounting services.

• Major treasury stock repurchase and new investments in subsidiaries, including Cadena, expanded HRIS capabilities and regional presence.

• No material misstatements were found in the interim financials for the six months ended 30 June 2025.

Financial highlights

• Q2 2025 revenue: 363mb, up 5% year-over-year; gross profit: 186mb, up 7%; net profit: 82mb, up 1% from Q2 2024.

• H1 2025 consolidated revenue: Baht 736.5 million; net profit attributable to owners: Baht 164.1 million.

• Net profit margin for H1 2025 was 22.3%, with gross margin stable and cost of sales at Baht 352.2 million.

• Recurring revenue proportion increased from 70% to 75% year-over-year.

• Basic and diluted EPS for six months were Baht 0.19; Q2 2025 EPS was 0.40 Baht.

Segment performance

• Recurring income generated from enterprise and mid-market segments across Indonesia, Singapore, Malaysia, Vietnam, and the Philippines.

• Human resource management system services contributed Baht 638.5 million in revenue for six months, with segment profit of Baht 192.1 million.

• Thailand remains the largest market, followed by Indonesia and other Southeast Asian countries.

• New sales contracts in Q2 2025 totaled 164mb, with SaaS and ERP as key contributors.

• Professional service, implementation, and project management maintain a 65% retention rate.