Message from the CEO

“Amid the transformation of the automotive industry and a challenging economic environment, the Group remains committed to conducting its business with a long-term vision, strong corporate governance, and a deep sense of responsibility toward all stakeholders, in order to achieve stable, balanced, and sustainable growth.”

Dear Shareholders

In 2025, the business sector continued to operate amid economic uncertainty, driven by persistently high household debt, tightened lending conditions by financial institutions, and volatility in the global economy. These factors have affected consumer purchasing power and the automotive industry in Thailand.

Against this backdrop, the Group of Autocorp Holding Public Company Limited continued to manage its operations with resilience and efficiency. In 2025, the Group reported total revenue of Baht 1,358.19 million, representing a decrease of 10.19 percent from the previous year, primarily attributable to a slowdown in Revenue from sales segment of cars and accessories. Nevertheless, Revenue from services and selling spare parts continued to grow steadily, increasing by Baht 7.85 million, or 4.68 percent. This growth highlights the strength of the service business, which remains a key pillar in driving the Group’s sustainable revenue generation.

Through effective cost management and enhanced operational efficiency, the Group was able to maintain a satisfactory level of performance. In 2025, the Group reported a net profit of Baht 37.78 million, representing an increase of 56.76 percent from the previous year. Meanwhile, the automotive industry is entering a new era of transformation, shaped by the rapid development of electric vehicle (EV) technology, intelligent mobility systems, and the rising significance of after-sales and mobility services as key contributors to the evolving economic landscape.

The Board of Directors recognizes these changes not only as challenges, but also as strategic opportunities to strengthen the Group’s capabilities. Autocorp Holding Public Company Limited has accordingly refined its business strategy to align with the evolving industry landscape, with a focus on reinforcing its service business, elevating service center standards, and enhancing human capital to support emerging automotive technologies and evolving service models.

For the strategic direction in 2025, the Group is committed to driving the organization across three key dimensions: service excellence, readiness for the transition of the automotive industry, and sustainable growth. The Group emphasizes generating stable and recurring revenue from its service and maintenance businesses, while closely monitoring and adapting to evolving automotive technologies and rapidly changing consumer behavior.

In terms of sustainability, the Group remains committed to conducting its business in accordance with good corporate governance principles and responsible management toward the environment and society. The Group has set targets to reduce greenhouse gas emissions and aims to achieve net zero greenhouse gas emissions by 2050. At the same time, the Group is committed to enhancing its environmental data management systems to ensure they are systematic, transparent, and effectively support strategic decision-making.

In addition, the Group continues to prioritize human capital development, which serves as a key foundation for long-term competitiveness. This is achieved through promoting continuous learning, enhancing skills, and collaborating with educational institutions to develop vocational talent. These efforts aim to cultivate a skilled workforce for the automotive industry and support the development of the nation’s labor force.

The Board of Directors is confident that the strong business fundamentals, the expertise of its personnel, and transparent corporate governance, the Group will be able to adapt to industry changes and deliver stable growth for shareholders and all stakeholders on a continuous basis.

Finally, on behalf of the Board of Directors and management, the Group would like to express its sincere appreciation to shareholders, investors, customers, employees, business partners, and all stakeholders for their continued trust and support. The Group remains committed to advancing the organization with responsibility, transparency, and a long-term vision to create sustainable value for all stakeholders.