Thai Union Group PCL (STU:THYG)

Q2 2026 THAI Union Group PCL Earnings Call (Thai) Transcript

Aug 4, 2026 / 10:59 AM GMT

Release Date Price: €0.326 (+4.49%)

Transcript

Key Points

Positve

Thai Union Group PCL (TUFBY) reported a record-high gross profit margin of 21.4%, already achieving its 2030 target range of 21-23%.
The company saw its fourth consecutive quarter of organic top-line growth, driven by volume rather than price or foreign exchange, with volume growing for the 10th straight quarter.
Dividend per share increased by 14.3% to 0.40 baht, with a dividend yield of 3.4%, reflecting a strong commitment to shareholder returns.
Net debt-to-equity ratio improved to 1.15 times from 1.18 times, and the average cost of debt decreased to 3.04% from 3.31%, indicating better financial management.
The company raised its full-year sales growth guidance from 3-4% to 4-6% and gross profit margin guidance to 19.5-20.5%, reflecting confidence in continued strong performance.

Negative

The frozen seafood segment experienced a 5.4% decline in volume year-on-year, primarily due to lower demand for fish feed.
The value-added segment saw a 4.3% drop in gross profit margin, attributed to lower demand for higher-margin products and rising aluminum prices.
The company faced an FX loss due to internal cash pooling arrangements, which offset some of the operating profit gains.
US tariffs on Thai exports increased from 10% to 12.5%, adding cost pressures, though management considers it manageable.
Shrimp prices fell significantly in Q2, which, while beneficial for raw material costs, also reflects potential demand weakness or oversupply in the market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TU.BK - Thai Union Group PCL
Q2 2026 THAI Union Group PCL Earnings Call
Aug 04, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Let's get started.

We're happy to welcome you to the analyst meeting for the second quarter of 2026. I am Waranar from the investor relations and I will be your MC for today. Today's agenda will begin with the performance results. And then a Q&A session for Thai Union. Then we'll take a 10-minute break, and then we will reconvene for a session with Thai Union FIMAL. Today, we have executives joining us. The first is Chair Fongjian City, our CEO and interim CFO, and Pin Yeda, our head of investor relations.

And without further ado, I would like to hand things over to our executives.

Good morning to all of the analysts and investors and executives joining us today.

It's just the two of us today on

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