Intouch Holdings Public Company (INTUCH) Q1 2025 earnings summary

Executive summary

• Interim financials cover the three months ended 31 March 2025, the day before amalgamation with Gulf Energy Development PCL, forming Gulf Development PCL.

• The group is primarily engaged in telecommunications, with major holdings in AIS and venture capital investments.

• The auditor's review found no material misstatements and highlighted the amalgamation as a significant event.

Financial highlights

• Consolidated net profit for Q1 2025 was THB 4,064 million, up from THB 3,261 million year-over-year.

• Total income rose to THB 4,281 million from THB 3,428 million year-over-year.

• Basic EPS increased to THB 1.27 from THB 1.02 year-over-year.

• Special dividend of THB 6.54 per share (THB 20,970 million total) paid in March 2025 as part of restructuring.

• Cash and cash equivalents decreased to THB 901 million from THB 1,318 million at year-end 2024.

Outlook and guidance

• Amalgamation with GULF completed on 1 April 2025, with all assets, liabilities, and operations transferred to Gulf Development PCL.

• Share exchange ratios and trading suspension were implemented as part of the amalgamation process.