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Tuesday, November 25, 2025

ThaiBev - FY results is out! Net profit declined by 11.7% YoY to Baht 31,153 million. Sales revenue declined by 2.1% YoY to Baht 333,286 million due to macroeconomic challenges

 Net profit declined by 11.7% YoY to Baht 31,153 million

o Spirits business reported a fall in net profit due to increased

investments in brand building and new product launches.

o Beer business achieved robust growth in Thailand, despite overseas

market challenges and supported by favorable raw material costs,

resulting in an impressive 24.6% increase in net profit.



o NAB business recorded a decline in net profit, due to higher income

tax expenses from expired tax incentives.

o Food business experienced a decline in net profit due to increased

operating expenses from restaurant expansion.

Sales revenue declined by 2.1% YoY to Baht 333,286 million 

due to macroeconomic challenges that led to the softening 

consumer sentiment across key markets.

● EBITDA declined across all business segments, while the

Beer business remained resilient and continued to show

healthy EBITDA growth.

Final dividend of Bath 0.47 same as last year. XD 5th Feb 2026.

I think the results is not too bad!

Pls dyodd.  





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