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Thai Union Group Public Company (TU) investor relations material

Thai Union Group Public Company Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary5 Aug, 2025

Executive summary

  • Second quarter profit declined 5.4% year-on-year, mainly due to FX and softer U.S. Frozen demand, but gross profit margin reached a record 19.7% and adjusted net profit rose 13.2% year-on-year.

  • Strategic transformation programs (Sona/SONAR and Tailwind) improved agility, efficiency, and cost competitiveness, supporting long-term value creation.

  • Mitsubishi Corporation plans to increase its stake to 20%, deepening a long-term partnership and unlocking further synergies.

  • Four share buyback programs completed, reducing paid-up capital by 19.2% and supporting EPS growth.

  • Sustainability initiatives advanced, with 98.9% responsible sourcing, 21% GHG reduction, and zero landfill at 23 sites.

Financial highlights

  • Q2 2025 sales declined 5.4% year-on-year to THB 33,389mn, mainly due to FX and softer Frozen sales; gross profit margin reached 19.7% (all-time high), and adjusted net profit rose 13.2% to THB 1,506mn.

  • EPS increased 18.5% year-on-year to THB 0.32, aided by share buyback.

  • 1H 2025 sales down 7.8% year-on-year, but adjusted net profit up 11.2% and gross profit margin at 19.3%.

  • Dividend payout at 59% of profit, with interim dividend of THB 0.35/share.

  • Free cash flow in 1H 2025 at THB 1.7bn; net debt increased to THB 59.1bn.

Outlook and guidance

  • 2025 sales growth guidance revised to -1% to -2% year-on-year, reflecting 19% U.S. tariff and FX headwinds.

  • Gross profit margin guidance upgraded to 18.5%–19.5% for the year, aiming for the upper end.

  • CapEx planned at THB 3.5–4.0bn, focusing on automation and digitalization.

  • Dividend policy maintained at minimum 50% payout, twice a year.

  • SG&A to sales expected at 13.5%–14.0%.

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Frequently asked questions

Thai Union Group Public Company Limited is a global seafood company engaged in the production, processing, and distribution of seafood products. The company offers a wide range of canned, frozen, and chilled seafood, including tuna, shrimp, salmon, and other marine products. It serves retail, foodservice, and industrial customers worldwide through its portfolio of brands and private-label manufacturing. The company is headquartered in Samut Sakhon, Thailand, and its shares are listed on the Stock Exchange of Thailand (SET).

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