ThaiBev’s full-year net profit falls 6.8% to 25.4 billion baht

[SINGAPORE] Thai Beverage posted a 6.8 per cent drop in net profit to 25.4 billion baht (S$1.02 billion) for the full year ended Sep 30, 2025, from 27.2 billion a year earlier. 

In a bourse filing on Tuesday (Nov 25), Thai Beverage attributed the decline to “increased investments in brand-building and new product launches… (as well as) increased operating expenses from restaurant expansion”.

Revenue fell 2.1 per cent to 333.3 billion baht from 340.3 billion baht for FY2024; the group said this was due to macroeconomic challenges that led to “softening consumer sentiment across key markets”. 

Earnings per share stood at 1.01 baht, down from 1.08 baht per share a year earlier.

The board has proposed a final dividend of 0.47 baht per share, to be paid out on Feb 27, 2026. This brings the total dividend for FY2025 to 0.62 baht per share, higher than the total dividend of 0.60 baht per share for FY2024.

Net profit for Thai Beverage’s spirits business fell 7 per cent year on year to 19.8 billion baht, due to weaker domestic consumption and foreign exchange losses. 

The beer business, meanwhile, delivered a 24.6 per cent increase in net profit at 6.5 billion baht, on the back of lower key raw material costs and improved production efficiencies. 

For the non-alcoholic beverages business, higher brand investment and marketing costs, as well as increased income tax expenses, resulted in a 13.4 per cent decline in net profit to 5.1 billion baht. This, the group noted, was despite lower packaging costs and improved production efficiency. 

Thai Beverage’s food business faced increased labour costs and marketing expenses, which contributed to a net loss of 128 million baht. 

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The group’s other businesses, which comprise publishing and printing, reported a net loss of 243 million baht. 

Shares of Thai Beverage closed flat at S$0.47 on Tuesday, before the news.