Thai Group Holdings PCL (BKK:TGH)

Thai Group Holdings PCL Financials Overview

Financials in millions THB. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	13,065	12,736	10,674	17,855	19,859	26,531
Revenue Growth	12.94%	19.32%	-40.22%	-10.09%	-25.15%	13.55%
Operating Income Operating Income Growth	2,129	2,047	1,501	869.59	1,394	-10,004
Net Income Net Income Growth	1,229	1,072	505.9	55.33	1,485	-3,260
Earnings Per Share EPS Growth	1.63	1.43	0.67	0.07	1.97	-4.34
EPS Growth	234.62%	111.89%	814.34%	-96.27%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Non-Life Insurance Business Non-Life Insurance Business Growth	6,012	5,908	5,103	2,821	4,057	9,144
Intra-Group Eliminations Intra-Group Eliminations Growth	-1,920	-1,912	-2,118	-2,181	-1,304	6,724
Others Businesses Others Businesses Growth	1,458	1,442	1,426	1,821	847.59	515.94
Life Insurance Business Life Insurance Business Growth	6,147	6,191	5,759	10,843	10,962	12,461
Financial Service Business Financial Service Business Growth	5,712	5,507	5,410	4,554	5,285	4,794
Total Total Growth	17,409	17,137	15,579	17,857	19,848	33,639

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	2,739	3,721	3,386	2,952	3,329	2,657
Total Debt Total Debt Growth	18,951	18,331	19,470	20,093	18,607	16,144
Net Cash (Debt) Net Cash Growth	-16,212	-14,610	-16,084	-17,141	-15,278	-13,486
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-21.47	-19.43	-21.39	-22.79	-20.31	-17.93

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	6,538	5,768	3,991	1,258	1,128	-4,493
Capital Expenditures CapEx Growth	-4,484	-4,314	-2,721	-2,132	-2,640	-2,414
Free Cash Flow Free Cash Flow Growth	2,054	1,454	1,270	-874.01	-1,512	-6,907
Free Cash Flow Growth	462.60%	14.47%	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	16.30%	16.07%	14.06%	4.87%	7.02%	-37.71%
Pretax Margin	11.33%	10.54%	6.83%	1.00%	8.32%	-13.46%
Profit Margin	9.41%	8.42%	4.74%	0.31%	7.48%	-12.29%
FCF Margin	15.72%	11.42%	11.90%	-4.90%	-7.61%	-26.04%

Dividends

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Fiscal Year	Current	FY 2025
Period Ending	Jul 26, 2026	Dec 31, 2025
Dividend Per Share Dividend Per Share Growth	0.100	0.100
Dividend Per Share Growth	0%	-
Dividend Yield	0.83%	0.88%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	7.43	8.07	18.88	222.93	10.23	-
P/FCF Ratio	4.43	5.95	7.52	-	-	-
PS Ratio	0.70	0.68	0.90	0.69	0.77	0.71

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 23, 2026

Data Sources Report a data error