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Thai Parcels Sees Q2/2025 Gross Profit Surge

Thai Parcels Public Company Limited (TPL) reported its Q2/2025 operating results ended 30 June 2025 to The Stock Exchange of Thailand. Service revenue increased by 3.04 million baht or 2.6 percent from the same period last year, reflecting the ability to maintain the customer base and increase the volume of transportation work despite facing intense competition. The gross profit margin in this quarter was 40.48 million baht, an increase of 6.47 million baht or 19 percent compared to the previous year, demonstrating more efficient cost management and operational strategy adjustments that have yielded positive effects. In addition, good news was announced regarding the land purchase deposit. On 6 August 2025, the Company received the full amount of the land deposit refund totaling 80 million baht, which had been recorded in the statement of financial position as of 30 June 2025 under the category “Land purchase deposit awaiting refund” within trade and other current receivables. This action reflects the preparation and close follow-up by the management team, enabling the process to be completed and the land title deed used as collateral to be returned to the seller successfully. Mr. Chaipipat Kaewtrirat, Chief Executive Officer, announced that the Company is moving forward to expand business and create sustainable growth. TPL has laid the foundation for long-term growth through plans to merge additional transportation businesses, including both scheduled and non-scheduled passenger transport services, to diversify risks from the highly competitive parcel delivery business. This business consolidation is under consideration and will be presented at the Extraordinary General Meeting of Shareholders on 4 September 2025. In terms of operations, the Company is focused on utilizing technology and AI to help reduce errors, increase speed, and seamlessly connect service systems with customers. At the same time, on the marketing side, the Company has plans to expand the B2C customer base into more diverse industries, while developing the capabilities of the sales team and increasing benefits for agents and branches, leveraging the strengths of its nationwide branch network. Regarding sustainability, the Company is considering merging with a personal transport service provider to create a new revenue base, reduce competition risks, and fully utilize shared assets and maintenance centers. TPL believes that these factors will support stable and sustainable operational growth in the future.