Platt Nera International Limited (1949.HK) Q4 2024 Earnings Report

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Platt Nera International

1949.HK

HKD0.825 -0.60%

Exchange: HKSE | Sector: Technology | Industry: Information Technology Services

Q4 2024

Published: Dec 31, 2024

Earnings Highlights

Revenue of $21.31M down 85.1% year-over-year
EPS of $-0.21 decreased by 3% from previous year
Gross margin of 17.5%
Net income of -143.64M
"Transcript not available." - N/A

1949.HK

Company 1949.HK

Period Q4 2024

Currency THB

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Overview: Platt Nera International Limited reported QQ4 2024 revenue of THB 21.31 million, down 85.1% year over year, with a gross margin of 17.5%, but a substantial non-operating charge leading to a net loss of THB 143.64 million. The quarter highlights a severe non-operating expense burden (total other income/expenses net of THB -119.19 million) that dwarfs operating performance. Core operating profitability remains negative, with EBITDA of THB -13.42 million and negative operating income of THB -13.51 million, underscoring a fragile near-term earnings trajectory and a balance-sheet profile that supports limited near-term cash generation.

Key Performance Indicators

Revenue

Decreasing

21.31M

QoQ: 0.00% | YoY: -85.07%

Gross Profit

Decreasing

3.74M

17.54% margin

QoQ: 0.00% | YoY: -84.61%

Operating Income

Decreasing

-13.51M

QoQ: 0.00% | YoY: -266.72%

Net Income

Decreasing

-143.64M

QoQ: 0.00% | YoY: -4 206.36%

EPS

Decreasing

-0.21

QoQ: 0.00% | YoY: -3 784.21%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: THB 21,306,500; QoQ change: 0.00%; YoY change: -85.07%.
Gross profit: THB 3,738,000; Gross margin: 17.54%; YoY gross profit decline: -84.61%.
EBITDA: THB -13,416,500; EBITDA margin: -0.63%; Operating income: THB -13,507,500; Operating margin: -0.63%.
Net income: THB -143,640,500; Net margin: -6.74%; EPS: THB -0.21.
Cash flow: Operating cash flow THB -6,813,000; Free cash flow THB -12,123,500.
Balance sheet (selected): Total assets THB 1,236,986,000; Total liabilities THB 872,609,000; Total stockholders’ equity THB 327,551,000.
Liquidity and leverage: Current ratio 1.28; Quick ratio 1.14; Cash and cash equivalents THB 74,747,000; Total debt THB 343,763,000; Net debt THB 269,016,000.
Valuation metrics: P/B 0.64; P/S 9.86; P/E negative; Enterprise value/EBITDA not meaningful given negative EBITDA; Cash conversion cycle -68.23 days; DSO ~1,571 days; Inventory days ~477 days.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	21.31M	-85.07%	0.00%
Gross Profit	3.74M	-84.61%	0.00%
Operating Income	-13.51M	-266.72%	0.00%
Net Income	-143.64M	-4 206.36%	0.00%
EPS	-0.21	-3 784.21%	0.00%

Key Financial Ratios

Gross Profit Margin

Weak

17.50%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.63%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-6.74%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.12%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.44%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.28

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.05

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Negative

-0.37x

Negative earnings make P/E ratio not meaningful

Price to Book

Undervalued

0.64x

Trading below book value, potential value opportunity or distressed

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	30.40	-0.06	+42.7%	View
Q1 2025	15.20	-0.03	-54.3%	View
Q4 2024	21.31	-0.21	-85.1%	View
Q3 2024	21.31	-0.21	-85.1%	View

Platt Nera International (1949.HK) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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