Satellite operator Thaicom has announced its financial results for 2024. Despite what it describes as "a challenging macroeconomic environment", the company generated a core profit of Baht 109 million (€3.12m). Nevertheless, the company's satellite business generated Baht 175 million in core profit excluding non-satellite business and share of loss from the telecommunications business, surpassing normal core profit by Baht 66 million. However, in 2024, the company recorded a net loss of Baht 23 million, primarily due to temporary foreign exchange fluctuations caused by the appreciation of the Thai Baht in 2024. This surge in the Baht's value has adversely impacted Thailand's exports, including the company, which derives a significant portion of its revenues internationally. Recognising the inherent volatility of exchange rates, the company says it has implemented various mitigation measures, including foreign exchange risk management, business diversification, and the exploration of new business opportunities.