Page 102 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

102 ONE REPORT (FORM 56-1) 2024

Financial Performance

Table 1: Operational Results

For the year ended 31 December
Change
2023 2024 %YoY
(Unit: Million THB) Restated

Operational Highlights and Financial Summary
Operational Highlights and Financial Summary
Sales and services income 11,470.3 9,448.9 -18%
Cost of sales and providing services (14,337.8) (12,606.1) -12%
Gross loss (2,867.5) (3,157.2) 10%

Selling and administrative expenses (1,718.1) (1,914.6) 11%

EBITDA (2,535.3) (3,187.3) 26%
EBIT (4,514.5) (4,904.7) 9%
Key Milestones
Key Milestones
Net loss attributable to owners of the Company (3,898.1) (5,911.3) 52%
EPS (Baht/Share) (2.237) (2.542)

Gross Profit Margin (%) -25.0% -33.4%

EBITDA Margin (%) -22.1% -33.7%
Business Overview
Business Overview
EBIT Margin (%) -39.4% -51.9%
Net Profit Margin (%) -34.0% -62.6%

Figure 1: Revenue Breakdown by Segment

Others Others Others
2% 3% 4%

SKA C2C SKA C2C SKA C2C
43% FY2023 43% 40% 1Q/2024 46% 39% 2Q/2024 47%

Governance Structure and Practices
Governance Structure and Practices
CKA CKA CKA
12% 11% 10%

Others Others
4% 4%

Remark:
C2C = Customers that use our services SKA C2C SKA C2C
Financial Performance
Financial Performance
through shops channels, applications, 36% 3Q/2024 49% 35% FY2024 49%
websites, and call center.
CKA = Corporate Key Account which uses
quoted contract pricing and has
standard contract.
SKA = Strategic Key Account which has the CKA CKA
11%
12%
highest volume and fully quoted
contract pricing and contract terms.

Sustainable Development
Sustainable Development