Message from the Chairman

In 2024, PSGC’s construction contracts progressed steadily, contributing to the Company’s profitability and having on hand accumulated backlog to around 6,000 MB. These accomplishments have driven strong revenue growth, positive cash flow, and stable profitability.

We continue to refine our corporate policies to enhance employee compensation and benefits, ensuring that we attract and retain a competitive and well-rounded workforce. Additionally, we have strengthened our talent development initiatives, providing upskilling programs and integrating new talent to foster innovation and adaptability. Accountability and transparency are reflected in our ongoing improvements to internal controls and risk management frameworks.

At the same time, PSGC has taken significant steps in its Sustainability and ESG direction by setting strategies, systematically gathering data, and establishing 2024 as the baseline for reducing its carbon footprint in the future. These efforts reflect long-term environmental responsibility and align with global sustainability goals. By integrating ESG principles into our business strategy, we aim to create sustainable value for all stakeholders while reinforcing PSGC’s resilience in an evolving business landscape.

Recognizing the evolving business landscape, PSGC has taken steps to diversify its revenue streams. While construction and engineering remain our core focus, we are actively studying investment opportunities in related industries. In the near term, we are assessing the feasibility of expanding into the mining and minerals industry. Our current efforts involve in-depth evaluations and pilot projects to determine the viability of these opportunities. Any significant developments will be disclosed through the Stock Exchange of Thailand and official corporate channels.

To support PSGC’s expansion and growth, the company has dedicated significant efforts to exploring potential new business opportunities. Throughout 2024, we diligently studied a variety of potential investments and M&A opportunities, rigorously assessing each against our criteria for long-term growth, strategic diversification, and strong returns. This process involves teams with diverse expertise, ensuring that all opportunities align with PSGC’s readiness, leveraging our collective capabilities and strong financial position. While these efforts are ongoing, this groundwork will position us to capitalize on expansion opportunities in 2025.

Looking ahead to 2025, our strategic approach to business diversification and expansion will contribute to long-term sustainable growth. As we continue to explore new opportunities, we remain committed to strengthening our market position and creating lasting value for our shareholders.

In closing, we extend our sincere gratitude to our shareholders, employees, partners, and stakeholders for your ongoing support. PSGC will continue to work towards maintaining strong financial fundamentals, fostering business sustainability, and delivering long-term success.