MGC-ASIA announced a net profit of 1.284 billion baht in 2025, a 782% increase compared to the same period in 2024, following its premium automotive portfolio and electric vehicles XPENG and ZEEKR supporting growth.
Dr. Sanwut Thamchuanwiriya, Group Chief Executive Officer of Millennium Group Corporation (Asia) Public Company Limited (MGC-ASIA), said the 2025 performance reflects the strength of the Mobility Ecosystem business foundation they have continuously established, with profit growth from core businesses.
Alongside steady income from services, finance, and insurance, this supports long-term profit stability and quality. He expressed confidence that the company has entered a new sustainable growth cycle and is ready to continuously deliver good returns to shareholders.
In 2025, the company recorded total revenue of 22.477 billion baht, vehicle sales of 11,814 units, and a backorder of 1,065 units, which supports future revenue recognition. This resulted in a net profit of 1.284 billion baht, up 782.2% from the previous year, confirming entry into a new growth phase for the medium to long term.
Additionally, the company announced an additional dividend payment of 0.11 baht per share after an interim dividend of 0.14 baht per share, totaling 0.25 baht per share for the year, equivalent to a 5.7% dividend yield. This reflects strong cash flow generation and growth aligned with shareholder returns.
The 2025 results clearly show growth from core businesses, with core profit at 683 million baht, up 369.1% from the previous year. EBITDA reached 2.424 billion baht, increasing 48.7%, and ROE rose 11.4% to 15.3%. This growth stems from expansion in the premium automotive segment, electric vehicles, recurring revenue from after-sales services, finance, and insurance, which significantly enhance profit quality.
The company also recognized a fair value gain on investments of 601.3 million baht, a one-time item that helped lift the net profit to a new high.
Dr. Sanwut added that the profit growth was supported by several key businesses, including premium vehicle sales, growth in the electric vehicle market, recurring service income, and recovery in finance and insurance sectors, resulting in significant improvements in margins and cash flow.
"The expansion of the electric vehicle market and the launch of new products from global premium brands are key growth drivers going forward. We are ready to leverage the potential of all group businesses to achieve balanced growth in revenue, profit, and cash flow."
The company is also an authorized distributor of leading global automotive brands such as BMW, which is entering a new technological era with its Neue Klasse platform, marking the biggest transformation in BMW's history with three pillars: high-performance sixth-generation batteries, modern digital experiences, and sustainability. Meanwhile, MINI is fully transitioning to electric vehicles.
The group’s success in the premium automotive market, particularly with the BMW i7 receiving positive market feedback, demonstrates expertise in managing luxury products and strengthens leadership in the premium segment, which is a key foundation for medium- and long-term growth.
Regarding its electric vehicle strategy, the company focuses on premium Chinese electric vehicles, employing a technology-led differentiation approach that emphasizes product attributes and smart technology rather than competing on price.
MGC-ASIA holds exclusive import and distribution rights for the XPENG brand and is the official distributor of ZEEKR, both of which have been well received by Thai consumers throughout 2025. This reflects the company’s capability in marketing premium, high-tech electric vehicles and plays a vital role in enhancing the product mix toward high-margin segments, supporting quality profit growth long-term.
Dr. Sanwut further said the after-sales service business continues to generate steady revenue and profit. The network of BMW, MINI, and Honda service centers, along with MMS’s internationally standardized full-service centers across 19 branches nationwide, provide a stable profit base for the long term.
Currently, MGC-ASIA operates 120 showrooms and service centers in Thailand and is expanding in Chiang Mai and Udon Thani. Regionally, the company has the SIXT network with two branches in Laos and eight in Malaysia, totaling 130 branches. Operations are conducted through strategic alliances with business partners, enabling expansion without direct capital investment.
The finance and insurance businesses have returned to growth after the economic cycle bottomed out. The Alpha X loan portfolio targets high-net-worth clients through wealth lending, while Howden Maxi insurance continues to grow fee income steadily, holding licenses for all three insurance brokerage categories—non-life, reinsurance, and life—creating a long-term profit base for the group.
Meanwhile, SIXT Thailand’s car rental business continues to grow. The company pioneered premium electric vehicle rentals in Thailand and in 2025 added XPENG and ZEEKR vehicles for both long- and short-term rental, offering customers a chance to experience EV technology before purchasing. This synergy between rental and sales businesses enhances asset lifecycle management and sustains long-term returns.