Line Man Wongnai has reduced its gross profit fee for merchants participating in the Thai Chuay Thai Plus co-payment scheme.
Grab and Line Man Wongnai are competing strongly to become market leaders in a duopolistic market amid a challenging economy, with the latter slashing fees to attract merchants.According to the Department of Business Development, Line Man Thailand, which operates Line Man Wongnai, recorded a net profit for the first time of 542 million baht in 2025, compared with a net loss of 356 million baht in 2024.
The company's gross revenue was 19 billion baht, up from 16.1 billion baht.
Line Man Wongnai plans to launch an initial public offering by 2027.
Meanwhile, Grab Taxi (Thailand) reported a 75% decline in net profit to 379 million baht in 2025, from 1.5 billion baht in 2024, while gross revenue continued to grow by 19% to 23.3 billion baht.
