JMART Group, Mobile Loan Platform Leader, Plans to List 3 Subsidiary Companies by 2027

JMART Group is moving forward with its Lock Phone business, scaling towards a comprehensive mobile lending platform, and announcing plans to list 3 group companies in the stock market from 2027. Adisak Sukhumvitaya, CEO of JMART Group Holding Public Company Limited (JMART), revealed that the 2025 operating results showed total sales and service revenue of 15,402.6 million baht, a 9% increase from the previous year. This reflects the success of the mobile phone sales business under Jaymart Mobile and the expansion of the Jaymart Network, with a gross profit of 4,457.4 million baht, a slight 0.1% increase. The company reported a net loss of 161.8 million baht, primarily due to non-cash accounting items such as investment fair value adjustments and increased loan loss reserves. However, the core business continues to generate strong operational cash flow with a debt-to-equity ratio of 0.72, demonstrating careful financial management. The company believes its mobile phone business, which has been a foundation for over 20 years, has successfully transitioned to an online model. JMART sees future growth driven by digital platforms and synergy, particularly in the Lock Phone credit business, which operates under Bank of Thailand supervision. Jaymart Mobile reported annual revenue of 10,364 million baht and a net profit of 136 million baht, growing over 50% by closing unprofitable branches and focusing on potential locations. They currently have around 300 branches and 1,637 dealers, with a goal to expand to 4,000 dealers covering 77 provinces.