Thai Beverage has reported earnings of 14.25 billion baht for its 1HFY2026 ended March, down 3.2% from the year earlier's 14.7 billion baht, as the company booked an impairment loss from discontinued operations.
Net profit from normal business operations, meanwhile, was up 7.8% to 19.2 billion baht, driven by stronger sales of spirits, and also lower raw material costs.
Revenue in the same period was down 2.5% yo 173.2 billion baht, attributed to softer beer sales.
The company plans to maintain its interim dividend at 0.15 baht per share.
Thai Beverage notes that its domestic economy enjoyed overall expansion thanks to higher levels of private investments and stronger domestic consumption.
"However, the impact of the conflict between Thailand and Cambodia, which affected border trade, tourism, and investment, along with persistently high household debt, remained significant challenges to Thailand’s overall economic recovery," the company warns.
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Elsewhere, the economies of Vietnam, Malaysia, and Singapore - Thai Beverage's key international markets - continued to grow during the period.
"However, all three countries continued to face external risks, including geopolitical uncertainties, US trade policies, and the impacts of climate change," the company says.
Thai Beverage believes that the alcoholic and non-alcoholic beverage industries in Thailand continue to face challenges, with growth expected to moderate in line with the partial recovery of the economy and tourism sector.
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Meanwhile, in Vietnam, the alcoholic beverage industry continues to face intense competition, alongside regulatory requirements.
Thai Beverage shares closed at 42 cents on May 14, unchanged for the day but down more than 10% year to date.
