Chairman's Statement

Dear Shareholders,

The year 2025 was a challenging year for the Company and its group of companies. The overall economic slowdown, together with the rising level of household debt, affected consumers’ purchasing power and behavior. Nevertheless, the Company has continued to develop and adapt its business operations by focusing on expanding growth through strengthening and integrating its business ecosystem to support sustainable long-term growth. In order to further clarify the Group’s direction and corporate positioning, the Company has established a strategic vision to operate as a holding company focusing on strategic investments in its core business sectors, namely retail, financial services, and technology businesses, with the aim of continuously creating added value and enhancing competitiveness in the future.

The Company’s operating results in 2025 reported total revenue from sales and services of Baht 15,403 million, with a net loss attributable to shareholders of Baht 162 million. This loss reflects the Company’s prudent financial policy, under which provisions were set aside to prepare for and mitigate potential risks that may arise in the future. A key point for shareholders’ consideration is that, during the past year, the Company recorded non-cash expenses totaling Baht 1,045 million. This indicates that in terms of cash flow and actual operational performance (operational cash flow), the Company continues to maintain a strong position and solid financial stability. The Company’s core retail business, Jaymart Mobile Co., Ltd., has shown continuous improvement in its operating performance, driven by business strategies that support the growth of mobile phone financing, which is provided within the Group. In particular, Samsung Finance+, operated by KBJ Capital Co., Ltd., and SG Finance+, operated by SG Capital Public Company Limited, have continued to receive positive responses from consumers. This reflects strong consumer confidence in the Group’s mobile phone installment programs, which are supported by effective risk management through the use of appropriate and efficient technology. For the financial services business, JMT Network Services Public Company Limited, which operates a debt management and collection business, remains a key profit generator for the Group. Although its performance in 2025 faced pressure from the overall economic environment, the Company remains confident that its performance will recover significantly in 2026 and will continue to deliver strong results for the Group in the periods ahead.

In 2026, the Company continues to face operational challenges amid an uncertain economic environment and risks across multiple dimensions. The Board of Directors and the management team remain mindful of various risk factors, including economic and political conditions, as well as external developments that may affect the Company’s operating performance in the near term.

Under such circumstances, maintaining competitiveness while managing costs efficiently remains a key strategy that the Company continues to prioritize. The Company believes that 2026 will be a year to demonstrate its management capabilities, under the leadership and oversight of the Board of Directors and executives, who are committed to driving sustainable and stable growth across the Group’s businesses.

In addition, the Company places great importance on good corporate governance. In 2025, the Company received a 5-star rating in the Corporate Governance Report (CGR), reflecting excellence in corporate governance practices. The Company also achieved a SET ESG Rating of AA, reaffirming its commitment to conducting business responsibly with respect to environmental, social, and governance (ESG) principles.

Jaymart remains committed to strengthening effective collaboration across the Group in order to create tangible synergies and support the achievement of its long-term growth objectives. On this occasion, Jaymart would like to express its sincere appreciation to our shareholders, customers, business partners, management team, and employees for their continued support, which has contributed to the Company’s ongoing growth. The Company reaffirms its commitment to conducting business with responsibility toward society, the environment, and all stakeholders, ensuring fair and equitable treatment in accordance with ESG (Environmental, Social, and Governance) principles. In addition, the Company maintains a strong stance against all forms of corruption, adhering strictly to the principles of good corporate governance (Corporate Governance) in all aspects of its operations.