Q1 2027 Bts Group Holdings PCL Earnings Call Transcript
Key Points
- Operating revenue increased 5% year-on-year to THB6.1 billion, with a 9% quarter-on-quarter improvement.
- Recurring EBITDA rose 3% year-on-year to THB2.8 billion, reflecting stable core profitability.
- Balance sheet strengthened with higher cash and cash equivalents and lower total debt, improving adjusted net debt-to-equity to 1.3 times.
- MIX business delivered strong profit growth, with net profit excluding nonrecurring items up 92% year-on-year, driven by digital services and distribution.
- ROCTEC achieved double-digit revenue growth of 11% year-on-year, with a healthy net profit margin of 12.4% and a 12% CAGR in dividend per share over three years.
- Net loss persisted at THB388 million attributable to shareholders, with a negative net profit for the quarter.
- MOVE operating revenue declined 12% year-on-year due to the absence of construction revenue from the completed Pink Line extension.
- BTSGIF share of profit fell 47% year-on-year, impacted by amortization of the fund investment.
- BTSGIF ridership decreased 0.7% year-on-year and 8.4% quarter-on-quarter due to seasonal holiday impacts.
- Reported SG&A expenses rose 31% year-on-year, partly due to one-off items and the reintegration of the European hotel portfolio, pressuring margins.
Good afternoon, analysts and fund managers, and welcome to the BTS Group and BTSGIF Analyst Meeting for first quarter of 2026-'27. My name is Kan from Investor Relations team, and I will be your moderator during this presentation. In today's session, we will begin with an overview of our business updates and financial performance followed by the Q&A session. Today, we are honored to welcome all the management team, starting from Khun Surapong, CEO of MOVE Business; Khun Daniel, CIO of BTS Group; Khun Chawadee, CFO of BTS Group; Khun Siriphen, Fund Manager of BTSGIF; Khun Chitkasem, CFO of VGI; and Khun Soraya, acting CEO and CFO of Rabbit Holdings, along with other members of the management and IR teams. (Operator Instructions)
To start, I would like to hand over to Khun Daniel to recap on the financial performance for this quarter.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
