SYMC Concludes 2024 with Strong Performance, Achieving Annual Revenue of 2,057 Million Baht. Declares Dividend Payout of 33.5% of Net Profit

Strong Full-Year and Q4 2024 Financial Performance

Mr. Alex Loh, Chief Executive Officer of Symphony Communication Public Company Limited (SYMC), stated that the company reported total annual revenue of 2,057 million baht, marking a 5.4% growth compared to the previous year. This excludes a one-time gain of 63.7 million baht from the sale of investment in an associate in 2023. The company maintained a solid EBITDA of 750 million baht and a net profit of 206 million baht, supported by revenue growth and effective cost management.

For Q4 2024, SYMC generated total revenue of 510 million baht, increasing 1% year-on-year and 1.9% quarter-on-quarter. Service revenue contributed 498 million baht, while EBITDA reached 184 million baht, reflecting a 6% year-on-year growth and an 8% increase from the previous quarter. Despite stable revenue performance, rising operational costs and infrastructure investments presented challenges. However, net profit for the quarter grew 5% year-on-year and 23.5% quarter-on-quarter, reaching 40 million baht.

"Our Q4 results mark the culmination of a year of strategic progress and resilient performance," said Mr. Alex Loh. "Despite market challenges, we maintained growth momentum while improving operational efficiency, resulting in stronger profitability metrics."

Positioned for Growth in Thailand's Expanding Digital Economy

Mr. Loh further emphasized that SYMC is well-positioned to capitalize on Thailand's digital economy expansion, driven by government initiatives and increasing investment in digital infrastructure. According to the Board of Investment of Thailand (BOI), as of November 2024, a total of 47 data center and cloud service projects, worth 170 billion baht, had been submitted for BOI approval.

As a leading provider of fiber optic networks and telecommunications services, SYMC is strategically positioned to benefit from growing demand for International Private Leased Circuits (IPLC), Internet Gateways (IIG), and local connectivity solutions. These factors will enable SYMC to expand its customer base and diversify its revenue streams.

Commitment to Long-Term Growth and Shareholder Returns

"Looking ahead, we remain committed to our strategic priorities of expanding our service portfolio, enhancing our infrastructure, and maintaining operational excellence," Mr. Loh added. "With our strong financial position and market leadership, we are well-equipped for sustainable growth."

On February 28, 2025, the Board of Directors approved a dividend payment of THB 0.1589 per share, equivalent to 33.5% of net profit, totaling THB 68.9 million. This dividend distribution is subject to final approval at the Annual General Meeting (AGM) scheduled for April 25, 2025.

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