MGC-ASIA reports record Q2 profit surge of 554%

Millennium Group Corporation (Asia) Public Company Limited (MGC-ASIA) reported a significant increase in financial performance for the second quarter of 2026. Net profit reached 352 million baht, a 554% increase compared to the same period last year, marking the company's fourth consecutive quarter of record profits. Total revenue for the quarter rose 83% year-on-year to 8,680 million baht.

For the first half of the year, the company reported total revenue of 14,760 million baht, up 68% year-on-year, with a net profit of 675 million baht, representing a 521% increase. This growth is attributed to a strong business ecosystem, particularly driven by the electric vehicle sector and advancements in AI and smart software technologies.

Key contributors to the growth include Alpha X, which saw a 688% year-on-year increase in net profit through its wealth lending and credit portfolio expansion, and Howden Maxi Insurance Broker, which saw a 12% revenue increase. The company is also expanding its aftermarket services through the opening of the MMS Body & Paint branch in Ratchaphruek.