Pico Thailand posts decrease in revenues and profits in FY2024-2025

Bangkok, 4th December: Last week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its full-year financial results for the year ended 31st October 2025. Revenues in the financial year were US$40 million, a moderate decrease of 1.9% year-on-year.

The company posted a drop of 28% of its net profit from the previous year, amounting at US$678,000. Earnings per share of the financial year were Baht 0.091 (US$0.0028).

The company attributed the decrease in revenues to the income decrease from the Exhibition business, Learning center & Museum business and the Knowledge Communication business. However, the company also recorded an increase in income from the Event marketing business to offset part of the decrease in other businesses.

The Selling and administrative expenses posted an increase due to the expected credit loss from trade accounts receivable, in the result of the decrease in profit.