Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ฿0.01 (vs ฿0.053 in 1Q 2025) First quarter 2026 results: EPS: ฿0.01 (down from ฿0.053 in 1Q 2025). Revenue: ฿29.1m (down 9.4% from 1Q 2025). Net income: ฿1.07m (down 72% from 1Q 2025). Profit margin: 3.7% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. New Risk • Mar 01
New major risk - Revenue and earnings growth Revenue has declined by 4.4% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 4.4% over the past year. Market cap is less than US$10m (฿173.0m market cap, or US$5.57m). Minor Risks Dividend is not well covered by earnings (193% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (7.7% net profit margin). Revenue is less than US$5m (฿120m revenue, or US$3.9m). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: ฿0.12 (vs ฿0.22 in FY 2024) Full year 2025 results: EPS: ฿0.12 (down from ฿0.22 in FY 2024). Revenue: ฿120.2m (down 4.4% from FY 2024). Net income: ฿9.22m (down 39% from FY 2024). Profit margin: 7.7% (down from 12% in FY 2024). 공시 • Feb 27
Indigy Public Company Limited announces Annual dividend, payable on May 20, 2026 Indigy Public Company Limited announced Annual dividend of THB 0.0735 per share payable on May 20, 2026, ex-date on March 11, 2026 and record date on March 12, 2026. 공시 • Feb 26
Indigy Public Company Limited, Annual General Meeting, Apr 29, 2026 Indigy Public Company Limited, Annual General Meeting, Apr 29, 2026, at 14:00 SE Asia Standard Time. Location: 1 promphan building 2, double dot 1st floor, soi ladprao 3, chom phon sub-district, chutuchak district bangkok 10900, Thailand Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ฿1.75, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 10x in the IT industry in Thailand. Buy Or Sell Opportunity • Nov 24
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at ฿2.10. The fair value is estimated to be ฿1.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 153%. Buy Or Sell Opportunity • Oct 27
Now 34% undervalued The stock has been flat over the last 90 days, currently trading at ฿2.68. The fair value is estimated to be ฿4.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 22%. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Sansakrit Vichitlekarn was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.