Dexon TechnologyRayong, Thailand – March 14, 2025 – Dexon Technology plc reported its performance for YE/2024 and Q4 during the company’s Opportunity Day (Opp Day).
The Stock Exchange of Thailand (SET) hosted the Opp Day on its native platform, inviting investors and employees to review the company’s accomplishments over the last year, clarify its direction moving into 2025, and answer any questions or concerns.
The speakers were Dr. Itthipat Chinangkulpiwat, the Finance Director, and Nawarat Khamsri, the Commercial and Marketing Director.
The main topics covered were:
Summary of Dexon’s 2024 Performance
Operation Highlights from Dexon & Subsidiaries
2025 Goals & Strategy
ESG Initiatives
Dexon’s 2024 Performance: Record Growth & Strategic Success
Dexon reported 757 million Baht in total revenue, a 17% increase (+110 million Baht) over the previous year, marking the highest revenue in company history.
In-line inspection revenue grew to 335 million Baht (+37%), driven by expanded international operations.
RDE revenue surged by 104% (+88 million Baht), reflecting strong demand for advanced inspection solutions.
Diversified Growth Drivers
Global Expansion: Dexon strengthened its international presence with subsidiaries in Singapore, Europe, and the U.S., supported by agents in Argentina, the Philippines, and Indonesia. This expansion broadened market reach and reduced seasonal revenue fluctuations.
Innovation & R&D: Partnering with leading energy suppliers in the Middle East and America, Dexon advanced its inspection technology. For the second consecutive year, the Stock Exchange of Thailand recognized Dexon as the Best Innovative Company, reinforcing its industry leadership.
These results underscore the success of Dexon’s strategic initiatives and position the company for continued growth.
Operation Highlights from Dexon & Subsidiaries
Dexon signed an agreement with a major oil & gas company to develop technology that supports the transition to hydrogen energy.
The RDE department won a contract to work with one of the Middle East’s largest oil & gas companies to develop new technology to better serve their industry.
Dexon’s NDT team secured a long-term contract with a large oil & gas company in Thailand.
Dexon Targets 900 Million Baht Revenue in 2025
Dexon will continue diversifying revenue streams and mitigating seasonality, with growth driven by its core businesses: ILI, NDT, and RDE.
Expanding further into international markets, Dexon aims to broaden its reach and stabilize revenue fluctuations. Demand remains strong, as oil and gas operators consistently inspect infrastructure per regulatory and company requirements.
With expanded assets, a stronger global presence, and a major long-term contract, Dexon is well-positioned to serve more clients and achieve 900 million Baht revenue in 2025 (20% increase from last year).
ESG Initiatives
While Dexon has continued to grow, it has not neglected its core commitment to ethics and a business structure that looks after all stakeholders.
Dexon was honored with a certificate from SET for training all employees in the main principles of sustainability.
The Ministry of Industry awarded Dexon with the Green Industry Certification, recognizing Dexon’s environmentally friendly operations.
The Collective Action Against Corruption certified Dexon’s membership in the group, helping fight corruption by maintaining just and transparent business practices.
Dexon joined in the Huai Mahat Forest Restoration Project, helping restore and preserve the forest in the nearby community.
A Solid Foundation for 2025
2024 marked a strong year for Dexon, reinforcing its commitment to growth and innovation. With a clear mission ahead, the company is focused on achieving its 900 million Baht revenue target through its three core pillars: ILI, NDT, and RDE.
Beyond financial success, Dexon remains dedicated to its responsibility to the broader community, ensuring its advancements contribute to a safer, more sustainable future for generations to come.