Thai Vegetable Oil Public Company (TVO) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was THB 7,726.6 million, up from THB 6,855.5 million year-over-year.

• Net profit attributable to equity holders reached THB 708.9 million, a 32.9% increase from Q1 2025.

• Total comprehensive income for the period was THB 722.8 million, up from THB 550.2 million year-over-year.

Financial highlights

• Gross profit improved as cost of sales rose at a slower pace than revenue, supporting higher operating profit.

• Basic earnings per share increased to THB 0.80 from THB 0.60 year-over-year.

• Cash and cash equivalents rose to THB 724.1 million from THB 607.7 million at year-end 2025.

• Total assets increased to THB 17,497.4 million from THB 14,602.8 million at year-end 2025.

• Shareholders’ equity grew to THB 12,707.9 million from THB 11,985.1 million at year-end 2025.

Outlook and guidance

• The company continues to hedge commodity and currency risks through derivatives and forward contracts.

• No significant impact from revised financial reporting standards effective 2026.