The Siam Cement Public Company (SCC) Q3 2025 earnings summary

Executive summary

• Nine-month 2025 EBITDA rose 15% year-on-year to THB 44.5 billion, driven by restructuring, cost control, high value-added and green products, and dividends from associates.

• Q3 2025 saw a net loss of THB 669 million, mainly due to chemicals inventory loss, LSP fixed costs, and restructuring expenses; adjusted earnings were THB 774 million.

• Net profit for the nine-month period surged to THB 17,767 million, up from THB 6,854 million a year earlier, mainly due to a gain on bargain purchase from an associate's acquisition.

• Financial stability remains strong with cash on hand at THB 50.6 billion, up from the previous quarter.

Financial highlights

• Q3 sales were THB 121.7 billion, down 5% year-on-year; nine-month sales reached THB 270.8 billion, down 3% year-on-year.

• EBITDA for the nine-month period was THB 44.5 billion, up from THB 38.8 billion year-over-year.

• Basic earnings per share for the nine-month period was THB 14.81, compared to THB 5.71 in the prior year.

• Total assets as of 30 September 2025 were THB 837.0 billion, down from THB 861.5 billion at year-end 2024.

• Interest cost reduced to 3.2% from 3.5-3.6% last year.

Outlook and guidance

• Q4 expected to remain challenging due to global and domestic economic headwinds, trade policy uncertainty, and continued margin pressure in chemicals.

• Emphasis on cash flow stability, EBITDA enhancement, and regional production centralization.

• The Group is prepared to reduce its stake in PT Chandra Asri Pacific Tbk. by 10.57% in 2026, with the investment reclassified as held for sale.

• Growth expected in ASEAN markets, especially Vietnam and Indonesia, with infrastructure as a key driver.