Page 65 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
4. Management Discussion and Analysis
Overview of Performance in 2025
The Company's operating results in 2025 decreased from the previous year with total revenue of
Baht 1,027.71 million, an decrease by Baht 275.74 million, or 21.15% resulted in the decrease in operating
profit of Baht 206.68 million, or 2.16% and net profit was decreased of Baht 170.36 million, or 45.88%
compared to 2024 with the primary cause remaining the debtor assistance measure under the “You Fight,
We Help” program, which has resulted in a continued slowdown in the number of repossessed vehicles
entering auction yards and the volume of completed auctions since late of the 4th quarter of 2024. In 2025,
the Company also expanded its services by launching a one-stop vehicle inspection center, providing
vehicle inspections, compulsory motor insurance processing, vehicle tax renewal services, and both
compulsory and voluntary car insurance. These services are currently available at the head office and the
rangsit branch.
The overall new car sales in 2025 increased by 8.52% compared to 2024, particularly in the final
quarter of the year, which growth was driven by the expansion of electric vehicle (EV) sales and EV
registrations under the EV 3.0 program. Meanwhile, pickup truck sales remained stable due to the continued
strict loan approval criteria of financial institutions. Household debt continued to rise and remained at a
high level, while personal loans secured by vehicle registrations also continued to expand. As a result, the
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
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