VGI first-quarter profit surges 484% on associates

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VGI reported net profit for the first quarter of fiscal 2026/27 at 261 million baht, up 484% from 45 million baht in the same period last year. The sharp increase came mainly from share of profit from investments in joint ventures and associates, which rose to 173 million baht from 28 million baht in the first quarter of fiscal 2025/26. Service and sales revenue was 1.14 billion baht, up only 2.3%, comprising 444 million baht from advertising media, down 2.3%, 433 million baht from digital services, up 7.6%, and 263 million baht from distribution, up 2%. VGI booked no investment impairment this quarter because it has already sold its stake in Kerry Express Thailand. Jaymart Group Holdings, in which VGI holds a 13.53% stake, saw improved performance, with second-quarter 2026 net profit of 213 million baht, up 91.9% from 111 million baht a year earlier. As of 30 June 2026, VGI had cash and cash equivalents and other current financial assets totalling more than 20.84 billion baht and no interest-bearing debt.

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VGI's first-quarter net profit surged 484% mainly due to higher share of profit from associates.