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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.
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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