Half Year 2025 Thai Beverage PCL Earnings Call Transcript
Key Points
- The beer business recorded a 3% year-on-year increase in sales revenue, driven by a 7.4% increase in total sales volume and improved production efficiency.
- The non-alcoholic beverage business saw a 2.5% year-on-year rise in sales revenue, supported by a 4.1% increase in total sales volume.
- The company maintained its interim dividend payment at THB0.15 per share, consistent with the previous year.
- Thai Beverage PLC (TBVPF) has managed to secure favorable pricing for raw materials and packaging, helping to protect profitability.
- The company is strategically managing its marketing spend, focusing on efficiency and targeting specific regions and categories.
- Net profit decreased by 9.2% compared to the same period last year, impacted by declines in the spirit, non-alcoholic beverages, and food businesses.
- The spirit business experienced a 1.5% year-on-year decrease in sales revenue, with a significant 10.3% decline in net profit due to higher raw material costs and increased marketing expenses.
- The food business saw a 61% year-on-year drop in net profit, affected by rising raw material costs, labor, and marketing expenses.
- The group's other business registered a 4.8% decline in sales revenue, primarily due to decreased licensing income and currency depreciation impacts.
- Consumer confidence in key markets like Vietnam remains low, posing challenges for future sales growth.
(audio in progress) 2025 results call. All participants have been placed in a lesson on mode. I later will conduct a question and answer session, and instructions will be given at the time. I will now hand over the call to the presenters and Ms. Namfon Aungsutornrungsi, and Thai Bev's Head of Investor Relations, and the members of Thai Bev's Senior Management team. Thank you.
Good evening, ladies and gentlemen, and welcome to Thai Beverage, the first half of 2025, ended the March 31,2025 Financial Results conference call. I am Namfon Aungsutornrungsi, Head of Investor Relations. For the call tonight, I will start with a summary of the results, then we will open the line for Q&A with our management team here.
Please note that following the consolidation of F&N in September 2024, which is accounted for as a business combination under command control by the same ultimate controlling shareholder, the group's financial results for the second quarter and the first half ended
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