Thai Vegetable Oil Public Company (TVO) Q4 2025 earnings summary

Executive summary

• Consolidated revenue for 2025 was Baht 28,008.9 million, down from Baht 30,845.3 million in 2024, reflecting a decrease in sales.

• Net profit attributable to equity holders was Baht 2,188.8 million, up from Baht 2,103.1 million year-over-year.

• The auditor issued an unqualified opinion, confirming fair presentation in accordance with Thai Financial Reporting Standards.

Financial highlights

• Total assets as of 31 December 2025 were Baht 14,602.8 million, slightly down from Baht 14,897.6 million in 2024.

• Total liabilities decreased to Baht 2,617.7 million from Baht 3,565.3 million year-over-year.

• Earnings per share increased to Baht 2.46 from Baht 2.36 year-over-year.

• Operating profit was Baht 2,737.5 million, up from Baht 2,662.7 million in 2024.

• Cash and cash equivalents at year-end were Baht 607.7 million, up from Baht 498.9 million.

Outlook and guidance

• The company’s Board approved a 2025 annual dividend of Baht 1.97 per share, pending shareholder approval.

• Management expects no significant impact from new financial reporting standards effective in 2026.