WASH debuts on MAI, focusing on 160 unusual branches for 2026-2027
BANGKOK, November 20, 2025 – (ACN Newswire) – Laundry You PCL (SET: WASH), one of Thailand’s main stout-service laundromat operators below the “WashXpress” mark, debuted on the SET Marketplace for Different Funding (MAI) as the Firm is definite to grow on its most up-to-date success by growing its branch network at least 160 branches in fiscal years 2026-2027. Here is a piece of WASH’s strategic growth belief to push into the Northern and Southern areas, growing the number of company-owned and operated branches to 670. The Firm highlights its industry growth design with a model that can produce habitual earnings. Within the meantime, the Firm reported solid six-month earnings growth to 474 million baht with profit growing by 93%, whereas its Same Store Sales Growth (SSSG) grew by 13%, pushed by unusual companies and products and efficient advertising. WASH objectives to change into Thailand’s main stout-service laundromat operator, willing to revolutionize the industry with innovation and abilities to produce a sexy ride, making laundry chores more easy for the neighborhood.
Mr Kawin Klongkratoke, CEO and Co-Founding father of Laundry You PCL, stated that the Firm’s shares began trading on November 3, 2025, within the Services Industry Group below the mark “WASH”, following the successful IPO of 105,882,352 shares at 7.50 baht per share. The offering attracted hobby from all investor groups and obtained an overwhelming response, reflecting confidence within the Firm’s solid industry fundamentals and future growth doable. At some level of its industry historical previous, WASH has operated below its vision to revolutionize the laundry ride in communities by growing modern and records-pushed companies and products powered by abilities to speak the closing ride for contemporary shoppers below the concept that of “Natty, Convenient, and Cheerful”. This draw completely addresses the altering daily life and the growing urbanization of Thai society, whereas fostering sustainable growth for the long rush.
“On behalf of the overall WASH team, I’d love to thank you in your belief in us. I am very honored to speak WashXpress into the Thai capital market. We’re willing to transfer forward in the direction of our stout doable, generating the ideal probably returns for all shareholders. The Firm’s core mission is to remodel laundry chores correct into a straightforward ride, giving assist ‘time’ to neighborhood members and improving their quality of lifestyles. We stock out not design merely to change into a market leader; we aspire to be a ‘innovative pressure’ pushed by innovation and abilities. This draw surroundings unusual requirements for the Thai laundromat industry, entirely guided by the concept of growing sustainable mark for agencies, society, and the environment. We promise that WASH will by no draw stop constructing in our resolution to produce sustainable success for all stakeholders,” Mr Kawin added.
Mr Chisanupun Tangchalermkul, Chief Trend Officer and Co-Founding father of Laundry You PCL, disclosed that the Firm plans exponential growth by growing its branch network into high-doable areas throughout the “cluster growth” design, which involves opening 5 to 10 unusual branches in shut proximity to every other. This sport belief became as soon as designed to impulsively fabricate mark visibility in unusual areas, whereas also growing administration effectivity and reducing constructing charges. The design will be applied across 21 provinces where the Firm within the intervening time operates, apart from in unusual, untapped markets—in particular within the northern and southern areas—to acquire sure complete nationwide protection.
Chisanupun additional stated that the Firm objectives to originate at least 240 unusual, company-owned and operated branches by the cease of 2027, applied into two phases. The major segment is the opening of 80 unusual branches in 2025, adopted by at least 160 unusual branches between 2026 and 2027, with a highlight on company-owned and operated branches. By 2027, the Firm objectives to operate a whole of 670 such branches. This design will enable WASH to preserve stout adjust over service quality and requirements, toughen administration flexibility, and, most importantly, generate habitual earnings – a key component ensuing in sustainable growth.
As well to to growing its network, the Firm also prioritizes the upgrading of unusual branches to preserve competitiveness and lift gross sales. A budget of 100 million baht has been allotted for 2026-2027 for the renovation and upgrading of unusual WashXpress laundromats. The belief involves growing the number of washing and drying machines in high-traffic branches, introducing unusual companies and products such as scrub, dry, fold, and ironing, and refurbishing stores to toughen WashXpress’s smartly-liked mark image. Enhancements will also consist of growing parking spaces and improving buyer comfort through companies and products such as air-conditioned waiting areas, making sure the smartly suited probably ride and most comfort.
Ms Suthang Khonsilpa, Managing Director, Funding Banking Division of Yuanta Securities (Thailand) Co Ltd, within the capability as financial advisor and underwriter, reiterated that WASH possessed five key strengths that highlight the Firm’s doable as a growth stock worth keeping a shut gaze on. These are:
1. Powerful and proven working efficiency: The Firm has demonstrated impressive earnings growth between 2022 and 2024, reaching a compound annual growth price (CAGR) of 33.16%, alongside a median get profit growth of 18.63% per annum. The working outcomes for the first six months of 2025 proceed to verbalize sturdy growth. Notably, identical-store gross sales growth (SSSG) has remained sure, underscoring strength and resilience within the core industry.
2. Definite growth design with level of interest on sustainable earnings: The Firm focuses on growing a network of company-owned and operated branches that indirectly legend for more than 85% of the complete number of branches. This draw lets in stout adjust over service quality and requirements, generating right habitual earnings. Furthermore, the Firm also gifts a clear belief to acquire the quite loads of the funds from the IPO to originate at least 160 unusual branches by 2027.
3. Powerful market space and a successfully-recognised mark: Currently, WashXpress is without doubt one of many significant gamers within the industry with over 548 branches in 21 provinces, very without anguish meeting the wants of smartly-liked shoppers, as evidenced by the number of registered users by job of the WashXpress utility, which has repeatedly grown to more than 1.5 million accounts within the intervening time.
4. Leveraging abilities for aggressive advantage: The Firm’s WashXpress utility has not been designed easiest as a payment channel, nonetheless also as a precious instrument in Buyer Relationship Management (CRM) through a loyalty level machine. Most severely, it is a trim records warehouse of buyer habits (Data Analytics) efficient for prognosis and planning more fine advertising suggestions.
5. Running in a High-Growth Industry: The self-service laundry industry is today pushed by the megatrend of urbanization – adjustments in living patterns from composite household groups to single households or condominium living. Mixed with increasingly more annoying lifestyles, the adjustments have ended in a fashioned lift in quiz for self-service laundry companies and products.
“WASH demonstrates compelling strengths across the board, from its proven growth historical previous and solid financial space and money plod along with the circulate to a clear strategic belief aligned with market trends. This IPO serves as a gasoline for accelerated growth and additional reinforces the Firm’s market management. For investors who acknowledge the capability of the stout-service laundry industry, investing in WASH shares gifts one more to change into a co-owner of a industry managed by a talented team standing willing to lead the industry forward with balance and sustainability,” concluded Meander over Suthang.
Laundry You PCL, (SET: WASH, SET: WASH/R, SET: WASH-F), https;//www.washxpressth.com
Subject: IPO
Supply: Laundry You PCL
Sectors: Day-to-day Finance, Regional, ASEAN
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