Singapore · Delayed Price · Currency is SGD Thai Beverage Public Company Earnings Call Transcripts
Fiscal Year 2026
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First half 2026 saw revenue decline 2.5% year-over-year, but EBITDA and net profit from normal operations rose 6.9% and 7.8% respectively, driven by spirits and beer. Beer market share in Thailand remains stable, and cost management is prioritized amid ongoing macroeconomic and raw material risks.
Fiscal Year 2025
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Sales and net profit declined year-over-year, with all segments except beer posting lower profits. Beer profits rose on cost efficiencies, while spirits and food faced domestic headwinds. Favorable raw material costs and government stimulus are expected to support 2026 performance.
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First-half 2025 revenue rose 1% year-on-year, led by beer and non-alcoholic beverages, but net profit fell 9.2% due to weaker spirits and food margins. Beer saw strong volume and profit growth, while spirits faced higher costs and subdued demand. Lower marketing spend and input costs are expected in the second half.
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.