Q3 2026 BTS Group Holdings PCL Earnings Call Transcript
Key Points
- BTS Group Holdings PLC (BTGRF) successfully settled all outstanding debt, with THB15 billion allocated to debt reduction, improving financial stability.
- The M81 Intercity Motorway commenced full operation, marking a significant infrastructure achievement.
- Transit media revenue increased by 13% quarter on quarter, and office media revenue rose by 33%, indicating a positive trend in advertising segments.
- MATCH business revenue surged by 91% year on year, driven by the consolidation of Rabbit and ROCTEC.
- The company reported a strong cash position with THB45.8 billion in cash and liquid investments, reflecting a robust financial position.
- Advertising revenue in the MIX segment declined by 20% year on year, indicating challenges in the advertising market.
- The company reported a net loss of THB960 million, compared to a profit in the previous year, highlighting profitability issues.
- Recurring EBITDA decreased by 28% year on year, primarily due to lower interest income and a share of loss from associates.
- The termination of a share purchase agreement for the Vienna House Group hotel businesses resulted in strategic uncertainties.
- Ridership on the core network declined by 1.5% year on year, reflecting economic slowdown and fewer weekdays.
Good afternoon, analysts, and fund managers, and welcome to the BTS Group and BTSGIF Analyst Meeting for the third quarter of 2025/'26 fiscal year. My name is [Kan] from IR of BTS Group, and I will be your moderator during this presentation. We will begin with an overview of our business updates and financial performance, followed by a Q&A session.
Today, we are honored to welcome our 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 (inaudible), CFO of BTI; Khun Chotchawal, CEO of MATCH Business; and Khun Soraya, acting CEO and CFO of Rabbit Holdings; along with other members of the management and IR teams.
As always, we welcome your feedback on today's presentation. Please scan the QR code that will be displayed at the end of the meeting to share your comments. (Operator Instructions)
To start, I would like to hand over to Khun Daniel to recap on the financial performance for this quarter.
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