SABUY Technology Public Company Limited (SABUY) showcases impressive performance, revealing its financial results for the third quarter and the first nine months of the year 2022. The total revenue and profit have grown significantly, with SABUY reporting total revenue of 1.157 billion baht (an increase of 75%) and a net profit of 501 million baht (up 793%) compared to the same quarter last year. For the nine-month period, revenue surged to 2.648 billion baht, with profit rising to 964 million baht (an increase of 605%) from the same period last year, which had total revenue of 1.413 billion baht and a net profit of 136 million baht. This growth is attributed to the continuous expansion of the business within the group, alongside the announcement of a strategic plan to restructure the company to enhance the capabilities of SABUYVERSE comprehensively. Additionally, the company has canceled the remaining General Mandate shares to strengthen its capital structure.

Mr. Chookiat Rujjanapornpajee, Chief Executive Officer of SABUY Technology Public Company Limited, disclosed the operational results for Q3/2022, stating that the company achieved total revenue of 1.157 billion baht, an increase of 496 million baht or 75% compared to the same period last year. Compared to the previous quarter, total revenue increased by 401 million baht, representing 53% growth from existing businesses and new ventures. The gross profit stood at 370 million baht, up 147 million baht from the same period last year, which is a 66% increase, and compared to the previous quarter, it rose by 155 million baht, or 72%. The company's gross profit margin is at 31.9%, slightly down from 33.7% in the same period last year but up from 28.4% in the previous quarter. The net profit reached 501 million baht, an increase from 444 million baht in the same period last year, marking a 793% increase compared to the previous quarter, with the company's net profit rising by 144 million baht, or 41%.

Moreover, SABUY also recognizes revenue from investments in various companies within the SABUY group, which comprises six business segments: 1. Connext - distribution channels and customer access; 2. Enterprise & Life - services for organizations and lifestyle understanding; 3. Payments and Wallet - payment services and electronic financial systems; 4. Financial Inclusion - loan and insurance services; 5. InnoTainment - media innovation, digital media, and networks; 6. Venture - investment to support sustainable growth. Additionally, the 401 million baht increase between Q2 and Q3 came from existing businesses such as SABUY Tech, Plus Tech, Vending Plus, SABUY Solutions, SPEED, etc., which accounted for 64%, while new businesses contributed 36%, indicating significant potential for revenue growth within the SABUY group.

The Board of Directors of SABUY has considered and made the following important resolutions:

1. Approved the appointment of financial advisors, namely Dao Securities (Thailand) Public Company Limited and Land and Houses Securities Public Company Limited, to study the restructuring of the group.

2. Establishment of 4 holding companies to support the restructuring of SABUY. These companies will facilitate the restructuring of businesses: (1) Connext for product and distribution channel structuring to connect with all customer groups; (2) Enterprise & Life for services for organizations and consumer lifestyles; (3) SPEED for drop-off business (with SABUY holding 82%); and (4) AIT for infrastructure business in which the company has invested in AIT.

3. Approved the cancellation of the issuance and offering of warrants to purchase ordinary shares of the company to directors, executives, and employees of the company and its subsidiaries for the third time (SABUY-WC) of the previous series.

4. Approved the issuance and offering of warrants to purchase ordinary shares of the company to directors, executives, and employees of the company and its subsidiaries for the third time (SABUY-WC) of the new series.

5. Approved the issuance and offering of SABUY-WC warrants to directors and executives who are allocated more than 5% of the total securities offered, not exceeding 4,000,000 units (under the issuance of the new SABUY-WC warrants totaling 40,000,000 units), including Mr. Wirach Morakotkan.

6. Approved the cancellation of the allocation of newly issued ordinary shares to support the general mandate capital increase for a limited number of persons (Private Placement) totaling 53,878,650 shares.

7. Approved the registration of a reduction in unissued capital from the previous registered capital of 2,249,389,341 baht to a registered capital of 2,155,510,691 baht by cutting unissued shares totaling 93,878,650 shares at a par value of 1 baht per share.

8. Approved the increase of the company's registered capital to support the aforementioned projects, requiring the approval for an increase of 40,000,000 baht at a par value of 1 baht for 40,000,000 shares, raising the registered capital from 2,155,510,691 baht to 2,195,510,691 baht.

9. Approved the determination of the list of shareholders for the extraordinary general meeting of shareholders No. 3/2022 (Record Date) on November 23, 2022, and the date for the extraordinary general meeting of shareholders No. 3/2022 on December 14, 2022, at 10:00 a.m. via electronic meeting only, broadcast live from the second-floor meeting room of the company's office at 230 Bang Khun Thian-Chai Talay Road, Sam Dam Sub-district, Bang Khun Thian District, Bangkok 10150.

The company remains committed to achieving a revenue target of 5,000 million baht for the year 2022, with approximately 3,000 million baht from existing businesses, supplemented by new businesses in the Connext segment of about 500 million baht and Enterprise & Life of approximately 1,300 million baht. The goal is to reach 20,000 million baht in revenue by 2023, comprising 5,000 million baht from existing businesses, around 9,000 million baht from new businesses in the Enterprise & Life segment, approximately 3,000 million baht from Connext, about 1,000 million baht from InnoTainment, and around 2,000 million baht from Financial Inclusion.

“Continuing from the restructuring of business groups, the company can generate continuous revenue from the Connext business through various drop-offs and products such as water filters from TSR and products via Vending, as well as the Enterprise & Life business through PTECH for organizational services via SABUY Solutions, SABUY POS, and CRM through Buzzebees. At the same time, we can enhance management efficiency by controlling expenses effectively through group management, such as the Drop-off group and integrating other companies like CitySoft, TSR, SABUY Alliance, iSoftel, etc.,” Mr. Chookiat concluded.

With SABUY's commitment to continuously expanding its various businesses alongside a significant sustainability strategy for growth, the company has strengthened its capabilities in personnel development, the adoption of technology and innovation in its operations, process improvement, risk management, good corporate governance, and internal auditing. All of these will play a crucial role in ensuring that SABUY can grow, remain stable, and sustain its success in the future.