In 2024, Bangkok Expressway and Metro Public Company Limited (“BEM”) was operating its businesses for the provision of expressway and metro system services despite challenges and changes in the economic and environmental contexts. However, because of BEM’s readiness and potential for management of  metro system operations, the Government has entrusted BEM as the concessionaire for the MRT Orange Line Project, Bang Khun Non-Min Buri (Suwinthawong) Section, which is an extension of the metro system network currently operated by the Company to cover a larger service area. As a result, the Company’s commercial capabilities have been able to grow continuously, by entering into a Public-Private Partnership (PPP) contract for the MRT Orange Line Project with the Mass Rapid Transit Authority of Thailand (MRTA) on July 18, 2024, with MRTA issuing a Notice to Proceed on July 31, 2024. Therefore, the MRT Orange Line Project (East Section) is expected to open for service by January 2028 and reach full service by 2030, streamlining and making travel from the east to the west of Bangkok more convenient. In addition, the Company has procured 21 additional rolling stocks for the M.R.T. Chaloem Ratchamongkhon Line Project (MRT Blue Line) to accommodate the anticipated surge in passengers resulting from the service opening of the MRT Orange Line Project (East Section) and to ensure that passengers can travel between the two projects in a convenient and rapid manner. 

The Company’s sustainable business policy is to create a balance in the environmental, social, and governance dimensions so that its businesses can grow in the long run, generate added value, and provide benefits for all stakeholders in a fair and sustainable manner. Hence, BEM received the highest level of AAA in the “SET ESG Ratings” for 2024, whereby it has been selected as one of the listed companies on the “sustainable stock” list in the service group continuously, demonstrating the Company’s commitment to its sustainable business operations; and it was also ranked on the list of the “ESG100” securities group in the transportation & logistics sector, including being presented with a plaque of honor for being a Climate Action Leading Organization (CALO) in the service category for 2024. On top of that, the Company was awarded Thailand’s Top Corporate Brand Hall of Fame 2024, a company with the highest brand value in Thailand for five years in a row in the transportation & logistics sector. With regard to corporate governance, the Company also continued to maintain its 5-star or Excellent CG Scoring rating in the corporate governance survey results. 

In terms of financial overview, BEM has its strong financial position which is attributed to a constant and predictable cash inflow. In 2024, the Board of Directors approved a share repurchase program for financial management purposes, in which the Company repurchased 307,123,500 shares, representing 2.01 percent. BEM’s performance in 2024 demonstrated its solid foundation and steady expansion, as evidenced by its net profit of Baht 3,768 Million, representing an increase by Baht 289 Million from the previous year. The Board of Directors has thus resolved to propose to the Shareholders’ Meeting that the dividend payment for 2024 be approved at the rate of Baht 0.15 per share.

On behalf of the Board of Directors, we would like to extend our gratitude to stakeholders of all sectors, including shareholders, service users, both the expressway and MRT systems, counterparts, and public and private agencies, together with all executives and staff, for being a key role in providing the great sustained support in the Company’s business operation. The Company remains steadfast in its commitment to advancing its businesses and driving the organization to grow sustainably while also providing efficient, safe, convenient, and rapid services for both the expressway and metro systems, thereby elevating the national transportation standards to enhance the quality of life for its people. This commitment aligns  with the business direction, which places a strong  emphasis on value creation and sustainable development.