Thai Vegetable Oil Public Company (TVO) Q1 2025 earnings summary

Executive summary

• Total revenues for Q1 2025 were THB 6,885 million, down from THB 7,838 million year-over-year.

• Net profit for the period was THB 549.9 million, a significant increase from THB 319.5 million in Q1 2024.

• Total assets as of March 31, 2025, stood at THB 16,468 million, up from THB 14,898 million at year-end 2024.

Financial highlights

• Sales revenue decreased year-over-year from THB 7,713 million to THB 6,856 million.

• Cost of sales dropped to THB 5,952 million from THB 7,188 million year-over-year.

• Operating profit rose to THB 688 million from THB 393 million year-over-year.

• Basic earnings per share increased to THB 0.60 from THB 0.35 year-over-year.

• Cash and cash equivalents at period end were THB 407 million, down from THB 499 million at year-end 2024.

Outlook and guidance

• No explicit forward-looking statements or guidance provided, but improved profitability and strong equity position suggest positive momentum.