THCOM Q2 2026 loss narrows to 87 million baht as satellite revenue grows

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Summary · why it matters

Thaicom Public Company Limited, or THCOM, reported second-quarter 2026 results with a net loss attributable to the parent company narrowing to 87 million baht, down from a loss of 207 million baht in the second quarter of 2025, driven by lower net foreign exchange losses. In the second quarter of 2025, the company booked a net foreign exchange loss of 209 million baht from the appreciation of the baht against the US dollar. Total revenue from sales and services in the second quarter of 2026 came in at 497 million baht, up 9.7 percent from the first quarter of 2026, mainly due to higher satellite and related service revenue, particularly from the ground station expansion project for Globalstar and the antenna system and ground operations system project for GISTDA. However, compared with the second quarter of 2025, revenue fell 7.1 percent on a slowdown in the broadcast business and lower overseas revenue. In the overseas telephone service business, the company recognised a share of loss from joint venture investments of 4 million baht in the second quarter of 2026, down from 23 million baht in the first quarter of 2026 and 9 million baht in the second quarter of 2025, thanks to improved performance at Lao Telecommunications Public Company.

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Share of loss from JV investment decreased due to improved performance at Lao Telecom.

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