“Dear Shareholders”

In 2024, despite the recovery of the tourism sector and an economic expansion of 2.5%, the Thai economy faced significant challenges. These included the impact of the global economic situation, geopolitical uncertainties due to conflicts in various regions, currency fluctuations, high interest rates, and changes in government policies. However, with preparedness and a steadfast commitment to sustainable management practices, Samart Telcoms Group has maintained stable business operations, delivering solutions that address diverse customer needs. The Company signed new contracts worth over Baht 4,800 million, generated total revenue of Baht 4,249 million, and achieved a net profit of Baht 115 million.
 
Regarding sustainability, the Company has focused on efficient energy management, controlled greenhouse gas emissions, and prioritized partnerships with sustainability-conscious partners to expand its customer base and enhance the value of products and services. The Company operates under international standards such as ISO 9001, ISO 20000, ISO 27001, ISO 29110, and CMMI to ensure the delivery of value to customers and society. Furthermore, the Company has consistently received an “Excellent” rating in the Corporate Governance Report of Thai Listed Companies from the Thai Institute of Directors (IOD).
 
Looking ahead to 2025, the Thai economy is projected to grow by 2.8%, supported by the expansion of the tourism sector, private sector investment and consumption, as well as public sector investment. The government has outlined clear policies to promote digital government, smart city development, a cloud-first policy, and the Bio-Circular-Green Economy (BCG) Economy model, alongside the adoption of Artificial Intelligence (AI). Furthermore, it is anticipated that in 2025, Thailand’s expenditure on information technology products and services, as well as the value of communication services, will grow by 7.9%. This growth is partly attributed to investments in data centers. Moreover, the private sector is increasingly incorporating a range of technologies apart from AI to enhance competitiveness, including Big Data Analytics, Internet of Things (IoT), Robotic Process Automation (RPA), and immersive technologies such as Virtual Reality (VR) and Augmented Reality (AR), as well as cybersecurity. The Company has prepared and developed the capabilities of its workforce and technologies to adapt to these changes. Through collaboration with leading business partners, the Company aims to create new solutions, expand its customer base and new business opportunities, and establish long-term projects to generate recurring revenue from both public and private sector clients.
 
In conclusion, on behalf of the Board of Directors, we wish to extend our profound gratitude to our business partners, shareholders, customers, executives, and all employees, as well as every group of stakeholders, for their unwavering cooperation and support in the Company’s operations. The Board of Directors, management, and staff remain committed to conducting our operations with a deep sense of responsibility toward society and the environment, guided by good corporate governance practices. Concurrently, we are dedicated to advancing the development of high-quality digital technologies to deliver meaningful benefits to our customers and society at large. This endeavor forms an integral part of our mission to foster the stable and sustainable growth of the nation’s digital economy and society.

General Sumpun Boonyanun

Chairman

Mr.Watchai Vilailuck

Executive Chairman / Chief Executive Officer