MC Group Public Company (MC) Q4 2026 earnings summary

Executive summary

• Sales revenue for FY26 reached THB 4,402 million, up 6.0% year-over-year, with gross profit rising 5.8% to THB 2,655 million.

• Online sales surged 61.8% year-over-year, now contributing 26% of total sales, while offline sales declined 5.5%.

• EBIT decreased by 5.2% and net profit after tax (NPAT) fell 7.8% year-over-year, reflecting higher SG&A expenses; net profit attributable to owners was THB 701 million.

• Maintained a strong financial position with THB 2.0 billion in cash, zero interest-bearing debt, and a major shareholder holding 46.06% of shares.

• The group operates in manufacturing and distribution of clothing and accessories, with all business activities and assets located in Thailand.

Financial highlights

• Gross margin remained stable at 63.8% in FY26.

• SG&A expenses increased by 10.4%, reaching THB 2,810 million and representing 44.2% of sales.

• Dividend yield for FY26 was 7.59%, with a payout ratio of 90.6%; total dividends paid were THB 736.56 million (THB 0.93 per share).

• Basic EPS was THB 0.89 in FY2026, compared to THB 0.96 in FY2025.

• Return on assets (ROA) and return on equity (ROE) were 17% and 19%, respectively.

Outlook and guidance

• Strategic focus on driving productivity in offline assets, expanding online channels, and international growth.

• Plans to enlarge and relocate points of sale, targeting a 40% expansion and 60% enlargement by FY29.

• Continued investment in CRM and new product categories to bridge generational shifts.

• The group expects variable lease payments to remain a significant proportion of store sales in future years.

• No major customer concentration risk, as no single customer accounts for 10% or more of revenue.