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Thai Beverage (Y92) investor relations material
Thai Beverage Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Sales revenue remained flat year-over-year for the nine months ended 30 June 2025, amid softening consumer sentiment.
Beer business achieved resilient EBITDA growth despite challenging market conditions.
Financial highlights
Total sales revenue was Baht 258,621 million, down 0.4% year-over-year.
EBITDA declined 4.0% year-over-year to Baht 45,026 million.
Net cash from operating activities was Baht 35,675 million for 9M25.
Net interest bearing debt increased to Baht 184,135 million as of 30 June 2025.
Segment performance
Spirits: Stable sales revenue at Baht 92,778 million; EBITDA down 5.4% due to higher marketing spend.
Beer: Sales revenue down 0.3% to Baht 96,497 million; EBITDA up 4.0% with margin expansion to 13.0%.
Non-alcoholic beverages: Sales revenue down 0.7% to Baht 49,326 million; EBITDA down 6.3%.
Food: Sales revenue down 1.4% to Baht 16,563 million; EBITDA down 19.5% due to higher costs.
Others: Sales revenue down 5.9% to Baht 3,626 million; negative EBITDA of Baht 4 million.
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