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Thai Beverage Public Company (Y92) investor relations material
Thai Beverage Public Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered higher EBITDA year-over-year despite a 6.0% decline in sales revenue amid weaker consumer sentiment.
Spirits and Beer segments achieved EBITDA growth and margin expansion, offsetting declines in other segments.
Financial highlights
Total sales revenue for 1Q26 was Baht 86,703 million, down 6.0% year-over-year.
EBITDA rose 1.8% year-over-year to Baht 16,745 million.
Net cash from operating activities reached Baht 13,348 million for the quarter.
Outlook and guidance
Management cautions shareholders and investors not to place undue reliance on the unaudited business update.
- Sales and profit grew on beer and non-alcoholic beverages, with F&N now a subsidiary.Y92
Q4 202412 Jan 2026 - Revenue and profit fell, but beer profits surged and dividend payout ratio rose.Y92
Q4 202526 Nov 2025 - Revenue up 1%, net profit down, and major M&A expanded presence in Vietnam.Y92
Q2 202518 Nov 2025 - Flat sales and higher leverage, with beer EBITDA growth offset by declines in other segments.Y92
Q3 202518 Aug 2025 - EBITDA rose 2.2% year-over-year, led by beer and non-alcoholic beverage growth.Y92
Q3 202413 Jun 2025 - Beer and NAB drove revenue and EBITDA growth, while Spirits and Food lagged.Y92
Q1 20256 Jun 2025
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