Singapore · Delayed Price · Currency is SGD Thai Beverage Public Company Earnings Call Transcripts
Fiscal Year 2025
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Sales and net profit declined year-over-year due to weaker domestic demand and absence of one-off gains, but beer segment profits rose on lower costs. Management expects favorable input costs and improved sentiment in 2026, with major CAPEX winding down.
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First-half 2025 revenue rose 1% year-on-year to THB 177.6 billion, with net profit down 9.2% due to weaker spirits and food performance, offset by strong beer growth. Management expects lower input costs and reduced A&P spending in the second half, with deleveraging anticipated post-expansion.
Fiscal Year 2024
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Sales and net profit grew modestly in FY2024, supported by gains in beer and non-alcoholic beverages, while spirits and food faced margin pressure from higher costs. The company increased its stake in F&N, restated prior financials, and expects cost efficiencies and market recovery to support future growth.