Thai Beverage Public Co., Ltd. · SGX:Y92
Thai Beverage Public — Thai Beverage Pcl Ord — FY2025 Earnings Presentation
23 slides from Thai Beverage Public's earnings presentation, Nov 26, 2025
Slide 1: Thai Beverage PLC FY25 Financial Results
THAI BEVERAGE PLC FY25 FINANCIAL RESULTS (Full Year ended 30 September 2025) FY25 (Full Year ended 30 September 2025) Copyright © 2025 Thai Beverage Public Company Limited
Slide 2: Note on Forward Looking Statements
NOTE ON FORWARD LOOKING STATEMENTS • The following presentation may contain forward looking statements by the management of Thai Beverage Public Company Limited (“ThaiBev” or “the Company”), relating to financial or other trends for future periods, compared to the results for previous periods. • Som
Slide 3: Understanding This Presentation
UNDERSTANDING THIS PRESENTATION • On 19 March 2025, the Company entered into a five-year term loan agreement with a financial institution for an amount of USD 200 million to repay THB debentures maturing in March 2025. The loan has a five-year tenor with a floating interest rate. The Company has acc
Slide 4: FY25 Performance Highlights, Business Segment Results, Financial Information
1 FY25 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FY25 (Full Year ended 30 September 2025) Copyright © 2025 Thai Beverage Public Company Limited
Slide 5: FY25 Performance Highlights
FY25 PERFORMANCE HIGHLIGHTS Sales Revenue EBITDA Net Profit Attributable Profit FY25 FY24 FY25 FY24 FY25 FY24 FY25 FY24 333,286 340,289 57,018 61,650* 31,153 35,270* 25,361 27,215* Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht Million Baht 2.1% 7.5% 11.7%
Slide 6: Dividend Payment
DIVIDEND PAYMENT FY25 FY24 (Oct'24 - Sep'25) (Oct'23 - Sep'24) Attributable profit to owners of the parent (Million Baht) 25,361 28,882 * Dividend (Million Baht) 15,581 15,579 Less interim dividend already paid (Million Baht) 3,770 3,769 Final dividend (Million Baht) 11,811 11,810 Payout ratio (Full
Slide 7: Consolidated: FY25 Highlights
CONSOLIDATED: FY25 HIGHLIGHTS Unit: THB million FY25 FY24 Change (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) Sales Revenue #DIV/0! Sales Revenue 333,286 340,289 -2.1% COGS (229,778) (237,081) % of Sales Revenue 68.9% 69.7% Distribution costs (40,882) (40,483) Administrative expenses (22,370) (20,622) %
Slide 8: Consolidated: FY25 Highlights
CONSOLIDATED: FY25 HIGHLIGHTS Unit: Million Baht FY25 FY24 Change Change (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) Sales 333,286 340,289 (7,003) -2.1% Gross Profit 103,508 103,208 300 0.3% EBITDA 57,018 61,650* (4,632) -7.5% Net Profit 31,153 35,270* (4,117) -11.7% Attributable Profit 25,361 27,215* (
Slide 9: Contribution per Business Segment
CONTRIBUTION PER BUSINESS SEGMENT 100.0% FY25 Sales Revenue 333,286 FY25 EBITDA Million Baht 47.8% 100.0% 57,018 28.7% Million Baht 19.8% 3.4% 0.3% Spirits Beer Non-Al Food Others* Total Beverages 100% 35.6% 37.0% 63.8% 19.4% FY25 Net Profit 6.6% 1.5% 31,153 20.9% 16.5% Million Baht -0.1% -0.4% -0.8
Slide 10: Total Sales Volume
TOTAL SALES VOLUME Unit: Million Liters FY24 FY25 FY24 FY25 3.1% 2,303 2,374 SPIRITS 3.2% BEER 2.4% 638 617 4.0% 40 39 133 128 Spirits Soda Water Beer Water & Soda FY24 FY25 0.1% 3,249 3,252 1.3% 1.6% NON-ALCOHOLIC 1,425 1,443 1,132 1,114 1.0% 0.5% BEVERAGES 363 367 329 328 Drinking Water Soft Drink
Slide 11: Business Segment Results
1 FY25 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FY25 (Full Year ended 30 September 2025) Copyright © 2025 Thai Beverage Public Company Limited
Slide 12: Spirits
SPIRITS FY25 Performance SALES REVENUE • A decrease in domestic consumption, while the international Unit: THB million FY25 FY24 Change business, including Myanmar, delivered strong performance. (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) Sales Revenue 118,604 120,728 -1.8% COGS (%) COGS (78,465) (79,89
Slide 13: Spirits: Revenue-Cost Break Down
SPIRITS: REVENUE-COST BREAK DOWN % of FY25 Total Spirits Revenue 100.0% 9.6% 8.6% 43.8% 1.2% 0.6% 1.7% 13.5% 4.3% 0.1% 16.6% Total Raw Material Packaging Excise Tax Labor Depreciation Others SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates an
Slide 14: Beer
BEER FY25 Performance SALES REVENUE • Primarily due to the continued challenges in Vietnam Unit: THB million FY25 FY24 Change market, despite the steady recovery in Thailand. (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) Sales Revenue 123,222 126,332 -2.5% COGS (%) COGS (93,431) (97,639) • A decrease in k
Slide 15: Beer: Revenue-Cost Break Down
BEER: REVENUE-COST BREAK DOWN % of FY25 Total Beer Revenue 100.0% 13.6% 16.3% 40.2% 1.1% 1.5% 1.9% 15.2% 5.2% (0.2%) 5.2% Total Raw Material Packaging Excise Tax Labor Depreciation Other SG&A Int. Exp.+ Inc. Share of Net Profit Revenue Tax profit* * Share of profit of investment in associates and jo
Slide 16: Non-Alcoholic Beverages
NON-ALCOHOLIC BEVERAGES FY25 Performance SALES REVENUE • Softening consumer sentiment in the domestic market due Unit: THB million FY25 FY24 Change to weaker economic conditions, along with the appreciation (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) of THB against SGD. Sales Revenue 64,774 65,802 -1.6%
Slide 17: Food
FOOD FY25 Performance SALES REVENUE • Softening consumer sentiment that affected spending and Unit: THB million FY25 FY24 Change overall market demand. (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) Sales Revenue 21,899 22,288 -1.7% COGS (%) COGS (13,302) (13,649) % of Sales Revenue 60.7% 61.2% SG&A (%) SG
Slide 18: Others
OTHERS FY25 Performance SALES REVENUE • The absence of one-off contributions, including title sales Unit: THB million FY25 FY24 Change and non-recurring licensing income, which had boosted the (Oct'24 - Sep'25) (Oct'23 - Sep'24) (%) previous year. Sales Revenue 4,999 5,400 -7.4% COGS (%) COGS (3,688
Slide 19: Financial Information
1 FY25 PERFORMANCE HIGHLIGHTS 2 BUSINESS SEGMENT RESULTS 3 FINANCIAL INFORMATION FINANCIAL INFORMATION FY25 (Full Year ended 30 September 2025) Copyright © 2025 Thai Beverage Public Company Limited
Slide 20: Statement of Financial Position
STATEMENT OF FINANCIAL POSITION Unit: THB Million ASSETS LIABILITIES AND EQUITY 527,593 527,593 509,591 509,591 Current Liabilities 20,125 145,136 88,656 108,781 Current Assets 13,546 131,590 • A decrease in bank overdrafts and short-term loans from financial • A decrease in cash and cash at institu
Slide 21: Interest-Bearing Debt
INTEREST-BEARING DEBT (From Banks, Debentures, Bonds and Others) Unit: THB Million 30-Sep-25 30-Sep-24 Change Current Bank overdrafts and short-term loans from financial institutions 7,684 26,129 (18,445) Current portion of debentures and bonds 23,186 26,130 (2,944) Current portion of long-term loan
Slide 22: Financial Ratios
FINANCIAL RATIOS RATIOS 30-Sep-25 30-Sep-24 Current Ratio (times) 1.48 1.33 Liability to Equity Ratio (Gearing Ratio) (times) 1.36 1.30 Interest Bearing Debt to Equity Ratio (times)* 1.05 1.02 Net Interest Bearing Debt to Equity Ratio (times)* 0.85 0.79 Interest Bearing Debt to EBITDA (times)* 3.99
Slide 23: FY25 (Full Year ended
FY25 (Full Year ended 30 September 2025) Copyright © 2025 Thai Beverage Public Company Limited