Thai Beverage Public Company (Y92) Q3 2024 earnings summary

Executive summary

• Sales revenue remained flat at 0.5% year-over-year for the nine months ended 30 June 2024 amidst challenging economic conditions.

• EBITDA grew 2.2% year-over-year, driven by beer and non-alcoholic beverage segments through effective cost management.

Financial highlights

• Total sales revenue reached Baht 217,055 million, up 0.5% year-over-year.

• EBITDA was Baht 38,595 million, a 2.2% increase year-over-year.

• Net cash from operating activities was Baht 20,221 million for the period.

• Net interest bearing debt increased to Baht 162,627 million as of 30 June 2024.

Outlook and guidance

• Management cautions shareholders and investors not to place undue reliance on the business update, as it is unaudited and based on internal records.