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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Thai Vegetable Oil Public Company
Thai Vegetable Oil Public Company (TVO) investor relations material
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Thai Vegetable Oil Public Company Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary14 Aug, 2026
Executive summary
Revenue for the six-month period ended 30 June 2026 was THB 16,011 million, up from THB 13,515 million year-over-year.
Net profit for the six-month period was THB 1,613 million, compared to THB 1,210 million in the prior year.
Total assets increased to THB 16,353 million as of 30 June 2026, from THB 14,603 million at year-end 2025.
Financial highlights
Gross profit for the six-month period rose to THB 1,967 million from THB 1,976 million year-over-year.
Basic earnings per share for the six-month period was THB 1.78, up from THB 1.33 year-over-year.
Operating profit for the six-month period was THB 1,875 million, up from THB 1,494 million year-over-year.
Cash and cash equivalents at period end were THB 392 million, down from THB 608 million at year-end 2025.
Outlook and guidance
Interim dividend of THB 0.90 per share (THB 801 million total) approved for payment in September 2026.
Management is evaluating the impact of TFRS 18, effective 2028, on future financial statements.
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Latest events from Thai Vegetable Oil Public Company
- Net profit surged despite lower sales, supported by margin gains and strong cash flow.TVO
Q4 2024 - Net profit increased year-over-year, driven by improved margins and higher other income.TVOQ2 2025
- Net profit and EPS rose despite lower sales, with strong capital structure and higher dividend.TVOQ4 2025
- Net profit and EPS rose despite lower sales, with higher dividends and new subsidiary investment.TVOQ3 2025
- Strong revenue and profit growth, higher inventories, and robust dividend approvals.TVOQ1 2026
- Net profit surged despite lower sales, as cost controls boosted margins and cash flow.TVOQ1 2025
- Profit surged despite lower revenue, with higher dividends and ongoing capital investment.TVOQ3 2024
- Net profit and segment profit rose despite lower revenue, with interim dividends approved.TVOQ2 2024
Thai Vegetable Oil Public Company
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Frequently asked questions
Thai Vegetable Oil Public Company Limited (TVO) specializes in the manufacturing and distribution of soy meal and soybean oil products. Established in 1985 and listed on the Stock Exchange of Thailand in 1990, TVO has grown to become a key player in the edible oil industry. The company offers a range of products including soybean oil for household cooking and various other vegetable oils such as corn, sunflower, and canola oils under the ANGOON brand. Additionally, TVO produces soybean meal for animal feed under the TVO Hipromeal brand, catering to the agricultural sector. The company's portfolio also includes the Healthy Chef and Queen brands, further diversifying its product offerings in the vegetable oil market. The company is headquartered in Bangkok, Thailand, and its shares are listed on the Stock Exchange of Thailand.