Message from Chairman

Dear Shareholders,
 

The year 2025 has been a definitive period of resilience for TCM Corporation. In the face of a volatile global economy, fluctuating consumer confidence, and rising operational costs, we have taken decisive strategic actions to restructure our business. These measures were designed to build a more robust foundation and reflect the true potential of our organization. Despite the numerous challenges encountered, our commitment to innovation and governance remains the cornerstone of our operations.

Over the past year, our business groups have demonstrated varying performances shaped by their respective industry landscapes:

• TCM Surface: This segment continues to earn the trust of world-class real estate projects and leading hospitality brands. We are proud to announce that in 2025, our Acoustic products were honored with the prestigious Red Dot Award 2025. This international recognition underscores our relentless pursuit of innovation and our dedication to enhancing people’s quality of life through superior design and functionality.
• TCM Living: This group faced the most significant headwinds this year, particularly in the UK market, driven by weakened consumer purchasing power and heightened operating costs. Consequently, the company recognized an impairment of assets and recorded essential provisions. While these impacts are substantial, this decision was made to ensure our financial position remains transparent and accurately reflects market realities for all stakeholders. Moving forward, the group has been streamlined to an optimal scale with increased agility. We remain confident in the strength of our brands, Alstons, and personnel, and we anticipate a return to profitability, leveraging our inherent potential.
• TCM Automotive: Our automotive segment continues to maintain its leadership and operational excellence. It has consistently delivered satisfactory results and remains a vital pillar in generating stable cash flow for the Group.

To align with our new strategic direction, 2025 marked a significant transition in our executive leadership structure at both the holding and subsidiary levels. This reshuffle was intentionally designed to promote organizational agility and introduce fresh perspectives to drive the organization forward while ensuring business continuity and long-term sustainability.

Furthermore, amidst the complexities of a volatile business landscape, the Company remains steadfast in its commitment to balancing the interests of all stakeholders. I am, therefore, immensely proud to announce that our unwavering dedication has earned us an 'AA' rating in the 2025 SET ESG Ratings. This achievement serves as a testament to the fact that, regardless of how challenging the circumstances may be, our core principles of business ethics and responsibility toward the Environment, Society, and Governance (ESG) continue to be the bedrock of our sustainable success.

Moving toward the future, we enter 2026 with renewed confidence. With a strengthened foundation and a dynamic management team, we are prepared to execute our strategies to ensure TCM Corporation achieves steady growth and delivers sustainable value to our shareholders and stakeholders.

I would like to take this opportunity to thank all shareholders and stakeholders, including the Board of Directors, business partners, and customers, for their continued trust and support. I also extend my gratitude to our dedicated leadership and employees for their hard work and commitment. We look forward to your ongoing support in the years to come.
 

Pimol Srivikorn
Chairman