TPL Moves Forward With "Synergy Move"

The addition of FT complements TPL's vision of building a fully integrated logistics operating system, with another strategic acquisition that called "CPC" is currently underway. Once completed, the integration will further strengthen operational efficiency across fleet management, driver networks, maintenance operations, and GPS technology, all under one cohesive structure.

At the same time, TPL's core business remains strong, reflecting the company's commitment to its service philosophy, "Fast and Good." Despite intense competition in the logistics sector, TPL's B2C revenue grew by 7.8% over three months and 15.4% over nine months, supported by improved service quality and optimized cost management. Service costs decreased by 9.8% year-on-year, thanks to better route planning and fleet utilization.

The "Fast and Good" principle reflects TPL's focus on operational excellence delivering with both speed and care a standard that continues to strengthen customer and partner trust while setting the company apart from cost-driven competitors.

TPL's financial position has also become significantly stronger after the company's fully subscribed Rights Offering, which raised nearly THB 400 million in additional equity and reduced the debt-to-equity ratio to just 0.14x. The success of this capital increase underscores strong shareholder confidence in TPL's strategic direction and transparent execution of its Synergy Move plan.

Mr. Chaipipat Kaewtrirat, Chief Executive Officer, Thai Parcel Public Company Limited, said "The completion of the First Transport acquisition and the ongoing integration of CPC represent significant progress in our Synergy Move plan. We're building a truly complete logistics platform, focused on quality, reliability, and long-term value all guided by our Fast and Good standard. I would like to thank all our shareholders for their trust and support in the recent Rights Offering. The confidence shown enables us to move forward with strength and clarity. We expect 2026 to be the year when the full impact of synergy becomes visible, both in cost optimization and service quality driving sustainable growth for our customers and shareholders alike."

Following the FT acquisition, TPL has already started utilizing FT's maintenance facilities for its own fleet, a move that helps reduce repair costs, tighten quality control, and minimize vehicle downtime. This marks the first tangible result of the company's synergy strategy, with full benefits expected to emerge throughout 2026, particularly in cost efficiency, operations, shared resources, and customer base expansion.

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