Message from the Board of Directors

In 2025, Thailand's automotive and agricultural machinery industries continued to face headwinds from a slowing economic environment. Total vehicle production amounted to 1.43 million units, a decrease of approximately 2%, while agricultural machinery production reached 55,364 units, declining 15% compared to the previous year. These conditions had a direct impact on Somboon Advance Technology Public Company Limited, whose core revenue base is derived from pickup truck components and agricultural machinery parts. As a result, the Company recorded total revenues of Baht 6,837 million, a decrease of 6% from 2024.

Nevertheless, amid economic volatility and rising stakeholder expectations, the Company was able to sustain its profitability, achieving a net profit of Baht 730 million, an increase of 4% — a result that stands in contrast to broader industry trends. This performance reflects disciplined governance and business management, close collaboration with customers and business partners to respond swiftly to industry changes, effective cost management, the integration of environmental and social considerations into business operations, and the adoption of digital technologies to enhance operational efficiency, competitiveness, and long-term sustainable growth.

In the context of economic shifts and structural transformation across the industry, the Company recognizes that long-term sustainable growth requires a systematic approach to managing Environmental, Social, and Governance (ESG) matters in alignment with corporate strategy. Accordingly, ESG considerations have been embedded into the Company's decision-making processes and business operations to manage risks while creating value for all stakeholder groups.

In 2025, the Company placed particular emphasis on elevating its environmental management practices, focusing on reducing the impact of its operations, improving resource and energy efficiency, and strengthening preparedness for climate change. At the same time, the Company remained committed to respecting human rights in preparation for the transition of the automotive industry, all carried out under a framework of sound corporate governance — ensuring transparency, accountability, and alignment with internationally recognized standards.

Beyond its business operations, the Company also recognized its broader social responsibilities by providing support to those affected by significant domestic events — including the Thai-Cambodian border situation covering the provinces of Ubon Ratchathani, Si Sa Ket, and Buriram, as well as flooding in the Hat Yai area. Support was extended in the form of financial contributions and the provision of essential supplies to alleviate hardship and assist in community recovery.

The Company's commitment to and systematic implementation of sustainability practices has been recognized through assessments and rankings by both domestic and international external organizations.

The Company's commitment to and systematic implementation of sustainability practices has been recognized through assessments and rankings by both domestic and international external organizations. In 2025, the Company received an ESG Rating of AAA from the Stock Exchange of Thailand and was honored with the Sustainability Excellence Award at the Commended level. Additionally, the Company earned a Bronze Medal in the EcoVadis sustainability assessment and received the Sustainability Award from customer DANA (Supplier Awards 2024) — all of which affirm the Company's continued progress in elevating its environmental, social, and governance standards.

The Company is equally mindful of the global climate action agenda following the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30), which underscored the urgency of reducing greenhouse gas emissions and transitioning to a low-carbon economy. This aligns with Thailand's revised targets to achieve carbon neutrality and net-zero greenhouse gas emissions, brought forward from 2065 to 2050. In response, the Company remains committed to continuously strengthening its environmental management practices, alongside reinforcing its human rights framework, developing ESG collaboration networks throughout its supply chain, and building employee capabilities in skills relevant to the evolving industry landscape — all in preparation for shifts in policy, international standards, and long-term stakeholder expectations.

On behalf of the Management, we would like to express our sincere gratitude to all employees, business partners, and stakeholders for their continued support and cooperation. The Company will remain steadfast in conducting business with responsibility, transparency, and a commitment to minimizing impacts on the economy, society, and the environment — in pursuit of stable and sustainable growth for the long term.