Laundry You PCL (SET: WASH), one of Thailand's leading full-service laundromat operators under the "WashXpress" brand, debuted on the SET Market for Alternative Investment (MAI) as the Company is determined to grow on its current success by expanding its branch network at least 160 branches in fiscal years 2026-2027. This is a part of WASH's strategic expansion plan to push into the Northern and Southern regions, increasing the number of company-owned and operated branches to 670. The Company highlights its business expansion strategy with a model that can create recurring income. In the meantime, the Company reported strong six-month revenue growth to 474 million baht with profit increasing by 93%, while its Same Store Sales Growth (SSSG) grew by 13%, driven by new services and effective marketing. WASH aims to become Thailand's leading full-service laundromat operator, ready to revolutionize the industry with innovation and technology to create a pleasing experience, making laundry chores easier for the community.Mr Kawin Klongkratoke, CEO and Co-Founder of Laundry You PCL, stated that the Company's shares began trading on November 3, 2025, in the Services Industry Group under the symbol "WASH", following the successful IPO of 105,882,352 shares at 7.50 baht per share. The offering attracted interest from all investor groups and received an overwhelming response, reflecting confidence in the Company's strong business fundamentals and future growth potential. Throughout its business history, WASH has operated under its vision to revolutionize the laundry experience in communities by creating innovative and data-driven services powered by technology to deliver the ultimate experience for modern consumers under the concept of "Clean, Convenient, and Comfortable". This approach perfectly addresses the changing lifestyle and the expanding urbanization of Thai society, while fostering sustainable growth for the future.
"On behalf of the entire WASH team, I would like to thank you for your trust in us. I am very honored to bring WashXpress into the Thai capital market. We are ready to move forward toward our full potential, generating the highest possible returns for all shareholders. The Company's core mission is to transform laundry chores into a simple experience, giving back 'time' to community members and improving their quality of life. We do not aim merely to become a market leader; we aspire to be a 'revolutionary force' driven by innovation and technology. This means setting new standards for the Thai laundromat industry, entirely guided by the principle of creating sustainable value for businesses, society, and the environment. We promise that WASH will never stop development in our determination to create sustainable success for all stakeholders," Mr Kawin added.
Mr Chisanupun Tangchalermkul, Chief Development Officer and Co-Founder of Laundry You PCL, disclosed that the Company plans exponential growth by expanding its branch network into high-potential areas through the "cluster expansion" strategy, which involves opening 5 to 10 new branches in close proximity to each other. This game plan was designed to rapidly build brand visibility in new areas, while also increasing management efficiency and reducing construction costs. The strategy will be implemented across 21 provinces where the Company currently operates, as well as in new, untapped marketsparticularly in the northern and southern regions—to ensure comprehensive nationwide coverage.
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