DITTO Posts Strong Q2 Profit as Backlog Hits 4.8 Billion Baht
DITTO's second-quarter profit jumped 13% year-on-year to 189.71 million baht as the tech firm's backlog swelled to 4.8 billion baht through major government contracts in digital transformation and a zoo construction project.
DITTO reported second-quarter net profit of 189.71 million baht, up 13 percent year-on-year, with revenue of 1.009 billion baht, a 33 percent increase. For the first six months of 2025, the company posted net profit of 349.08 million baht, up 11 percent, on revenue of 1.928 billion baht, up 28 percent. The company continues to focus on digital transformation, data management, cybersecurity, and engineering solutions to meet growing demand from government and private-sector clients. Despite economic uncertainty, investment in digital infrastructure, data centers, cloud services, and cybersecurity remains on an upward trend. DITTO recently signed a 98 million baht contract with the Ministry of Social Development and Human Security to integrate data for social development using Big Data and AI technology, and a 50 million baht document management project with the Department of Land Transport. The company's subsidiary, Siam TC Technology, is issuing 400 million digital tokens at 1.20 baht per token, raising 480 million baht for a mangrove reforestation and carbon credit project spanning 17,531 rai in partnership with the Department of Marine and Coastal Resources. DITTO also signed a 4.335 billion baht contract as part of the RSDT Consortium (55 percent stake) to build phase two of a new zoo for the Thai Zoological Park Organisation under royal patronage, though revenue recognition has not yet begun.