Thai Beverage Public Company (Y92) Q1 2026 earnings summary

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.