Reported Earnings • Mar 02
Full year 2025 earnings released: ฿0.059 loss per share (vs ฿0.13 loss in FY 2024) Full year 2025 results: ฿0.059 loss per share (improved from ฿0.13 loss in FY 2024). Revenue: ฿750.2m (up 1.0% from FY 2024). Net loss: ฿135.5m (loss narrowed 26% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Dec 30
An undisclosed buyer completed the acquisition of 49% stake in Waruka888 Company Limited from King Gen Public Company Limited (SET:KGEN) for THB 1 million. An undisclosed buyer agreed to acquire 49% stake in Waruka888 Company Limited from King Gen Public Company Limited (SET:KGEN) for THB 1 million on November 14, 2025. A cash consideration of THB 1 million will be paid by the buyer. As part of consideration, THB 1 million is paid towards common equity of Waruka888 Company Limited. Porntip Trongkingtorn, Apichart Piancharoen, and Boonrat Winyukanon, directors of King Gen Public Company Limited and authorized signatories of Waruka888 Company Limited have resigned from their positions as directors of WRK, effective December 29, 2025.
For the period ending December 31, 2024, Waruka888 Company Limited reported net loss of THB 58.35 million. The transaction is not expected to have an adverse impact on the King Gen Public Company Limited operations or financial position, as it involves the disposal of a lossmaking business unit.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board.
An undisclosed buyer completed the acquisition of 49% stake in Waruka888 Company Limited from King Gen Public Company Limited (SET:KGEN) for THB 1 million on December 29, 2025. New Risk • Nov 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Thai stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-฿16m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 70% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (฿1.40b market cap, or US$43.6m). 
