Thai Vegetable Oil PCL (BKK:TVO)

Thai Vegetable Oil 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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	30,289	27,793	30,596	34,195	39,107	31,307
Revenue Growth	3.87%	-9.16%	-10.52%	-12.56%	24.91%	25.42%
Gross Profit Gross Profit Growth	3,584	3,590	3,273	1,430	2,882	2,942
Operating Income Operating Income Growth	2,597	2,648	2,414	628.58	1,993	2,137
Net Income Net Income Growth	2,594	2,189	2,103	729.56	1,604	2,068
Earnings Per Share EPS Growth	2.92	2.46	2.36	0.82	1.80	2.32
EPS Growth	6.93%	4.07%	188.27%	-54.52%	-22.41%	24.87%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Manufacture and Distribution of Products from Soybean Manufacture and Distribution of Products from Soybean Growth	29,813	27,317	30,072	33,646	38,476	30,719
Manufacture and Distribution of Packaging Products Manufacture and Distribution of Packaging Products Growth	649	634	631	632	757	684
Others Others Growth	122	135	133	125	202	247
Adjustments and Eliminations Adjustments and Eliminations Growth	-295	-293	-240	-208	-328	-343
Total Total Growth	30,289	27,793	30,596	34,195	39,107	31,307

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	1,808	2,803	3,060	637.01	1,199	1,048
Total Debt Total Debt Growth	11.15	9.74	5.3	10.58	15.71	1,012
Net Cash (Debt) Net Cash Growth	1,797	2,793	3,054	626.43	1,183	35.62
Net Cash Growth	-41.16%	-8.57%	387.59%	-47.05%	3220.75%	-97.20%
Net Cash Per Share Net Cash Per Share Growth	2.02	3.14	3.43	0.70	1.33	0.04

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1,041	1,714	4,917	1,286	2,414	814.27
Capital Expenditures CapEx Growth	-510.6	-477.29	-1,269	-993.57	-420.81	-340.17
Free Cash Flow Free Cash Flow Growth	530.43	1,237	3,648	292.53	1,993	474.1
Free Cash Flow Growth	-90.38%	-66.09%	1147.08%	-85.32%	320.32%	-74.54%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	11.83%	12.92%	10.70%	4.18%	7.37%	9.40%
Operating Margin	8.58%	9.53%	7.89%	1.84%	5.10%	6.83%
Pretax Margin	10.29%	9.84%	8.68%	2.72%	5.20%	8.39%
Profit Margin	8.56%	7.88%	6.87%	2.13%	4.10%	6.60%
FCF Margin	1.75%	4.45%	11.92%	0.85%	5.10%	1.51%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	2.070	1.970	1.730	0.810	1.050	2.000
Dividend Per Share Growth	19.65%	13.87%	113.58%	-22.86%	-47.50%	29.41%
Dividend Yield	7.46%	9.51%	8.75%	4.71%	4.76%	9.50%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.52	9.10	9.73	26.09	15.80	12.12
Forward PE	9.76	8.89	11.13	17.85	11.51	12.25
P/FCF Ratio	46.53	16.11	5.61	65.07	12.72	52.87
PS Ratio	0.81	0.72	0.67	0.56	0.65	0.80

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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:

Sep 1, 2026

Data Sources Report a data error