Thai Beverage (ThaiBev) has reported earnings of 25.4 billion baht ($1.02 billion) for the FY2025 ended Sept 30, down 6.8% y-o-y.
For the full year, net profit came in 11.7% y-o-y lower at 31.2 billion baht due to the spirits business experiencing an increase in investments in brand building and new product launches.
ThaiBev’s revenue for FY2025 declined 2.1% y-o-y to 333.3 billion baht due to macroeconomic challenges that led to the softening consumer sentiment across key markets.
Likewise, ebitda declined 7.5% y-o-y to 57.01 billion baht.
The group’s beer business achieved robust growth in Thailand, despite overseas market challenges and supported by favourable raw material costs, resulting in an impressive 24.6% increase in net profit.
However, the group’s non-alcoholic beverages (NAB) business recorded a decline in net profit due to higher income tax expenses from expired tax incentives.
See also: Kimly earnings up 0.4% y-o-y for FY2025 ended Sept at $33.3 mil
The group’s food business experienced a decline in net profit due to increased operating expenses from restaurant expansion.
ThaiBev’s current assets declined to 509.6 billion baht due to a decrease in cash and cash at financial institutions and other current receivables.
For the full year, the group has declared a final dividend of 0.47 baht per share, the same as the period a year ago.
Shares in ThaiBev closed flat at 47 cents on Nov 25.
