Panelmatic Solutions Public Company Limited, or PANEL, reported a second-quarter 2025 net profit drop of 88.46% to 0.51 million baht, down from 4.41 million baht in the same period last year. The main reason was a significant decline in revenue from construction and interior decoration contracting, which fell to just 0.24 million baht from 30.98 million baht, a drop of 99.23%. For the first six months of 2025, net profit decreased 83.26% to 1.53 million baht from 9.14 million baht, while total revenue fell 33.02% to 55.96 million baht. However, the business of selling interior architecture products still grew, with revenue of 20.89 million baht, up 35.30% from 15.44 million baht, in line with the recovery of the construction industry.
PANELESMATIC SOLUTIONS PUBLIC COMPANY LIMITEDQ2 net profit plunged 88% due to a 99% drop in construction revenue.
