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    Technology services

  3. •

    Information technology services
International Research Corp. Public Co. Ltd.

International Research Corp. Public Co. Ltd.

0.29
THB
-0.01
(-3.33%)
-0.29EPS
168.34MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.53
5.13
3.81
3.46
3.92
3.29
2.85
2.64
2.33
2.71
1.79
1.48
1.16
1.26
Basic EPS, GAAP
0.03
0.42
0.17
-0.31
-0.01
-0.16
-0.31
0.02
0.06
0.1
0.05
0.03
-0.33
-0.3
Free Cash Flow per Basic Share
- -
-0.78
0.74
- -
-0.17
-0.36
-0.2
0.17
0.38
0.23
-0.2
0.16
-0.06
-0.08
Dividend per Share
- -
0.15
0.21
0.04
- -
- -
- -
- -
- -
- -
0.03
0.03
- -
- -
Book Value per Share
1.26
1.52
1.5
1.14
1.13
0.96
0.66
0.59
0.82
0.99
1.01
1.01
0.68
0.68
Tangible Book Value per Share
1.24
1.51
1.49
1.12
1.11
0.95
0.66
0.58
0.82
0.99
1.01
1.01
0.68
0.68
Basic Weighted Avg Shares
1,942
321
323
324
324
324
324
319
313
473
616
623
623
623
Sales/Revenue/Turnover
1,022
1,647
1,229
1,119
1,270
1,065
921
843
730
1,282
1,104
925
721
788
Operating Margin (%)
8.43
11.48
7.64
-6.58
2.19
-3.81
-7.81
-4.1
-0.26
3.75
1.96
1.15
-22.77
-17.79
Depreciation Expense
8
8
8
9
9
11
11
17
15
16
16
15
13
14
Net Income, GAAP
61
134
55
-101
-3
-52
-101
8
19
49
29
20
-205
-186
Effective Tax Rate (%)
21.33
21.02
22.42
- -
177.42
- -
- -
14.4
14.39
19.75
26.17
23.09
- -
- -
Profit Margin (%)
5.92
8.11
4.44
-9
-0.24
-4.84
-11.01
0.89
2.55
3.83
2.63
2.17
-28.38
-23.62
Working Capital
266
402
391
273
215
-173
-245
-205
26
304
403
443
301
312
LT Debt
- -
3
4
18
7
2
- -
18
13
41
20
13
21
18
Total Equity
400
489
490
360
355
290
191
169
318
532
606
609
438
439
Return on Invested Capital (%)
15.8
19.84
9.3
- -
-4.02
- -
- -
9.02
4.53
11.49
5.83
3.88
- -
- -
Return on Capital (%)
14.58
21.63
8.66
- -
-2.88
- -
- -
2.48
5.6
10.35
5.38
3.13
- -
- -
Return on Common Equity (%)
16.27
30.33
11.36
-23.94
-0.84
-15.48
-39.2
3.76
7.06
11.01
4.91
3.2
-38.82
-36

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
110
89
177
LT Borrowings
- -
- -
- -
LT Finance Leases
21
20
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
623
623
623
Market Capitalization
181
156
168

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
850
852
912
Cash, Cash Equivalents & STI
61
68
78
Accounts Receivable, Net
243
700
742
Inventories
29
35
39
Total Current Liabilities
548
542
600
Payables & Accruals
306
272
242
ST Debt
110
89
177
Deferred Revenue
131
131
130

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5%
28.4%
-28.03%
Free Cash Flow
282.54%
-84.22%
-139.92%
Net Income, GAAP
33.78%
-175.54%
-1,117.8%
Sales/Revenue/Turnover
-2.36%
2%
-22.09%
Total Cash Common Dividend
- -
- -
-91.88%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
245
251
240
188
925
2025
210
197
107
206
721
2026
208
266
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.02
- -
0.03
2025
-0.01
-0.02
-0.28
-0.01
-0.33
2026
0.01
-0.01
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.03
- -
- -
0.03
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Dan Hetrakul
Full Time Employees
251
Sector
Technology services
Industry
Information technology services
Address
1152 PUN Building Bangkok BM Thailand 10110
IPO Date
Jul 31, 2003
Website
ircp.co.th
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Business
International Research Corporation Public Company Limited (IRCP.BK) provides information technology solutions, network systems, and integrated telecommunications services in Thailand. The company distributes information technology products, network equipment, and telecommunication systems; renders system development services; offers total information technology service solutions; and provides distribution, installation, and rental of mobile phone and telecommunication systems. Founded in 1986 and headquartered in Bangkok, IRCP operates primarily in the domestic market through its project and non-project business segments. Originally focused on manufacturing Thai language graphics cards for computers, the company has expanded into a comprehensive ICT provider, maintaining a stable financial position with consistent dividend payouts of at least 50% of net profits and ongoing personnel development initiatives. In recent years, IRCP continues to diversify its income streams across IT and telecommunications to mitigate risks, with the most recent dividend payment recorded in May 2024.