United Palm Oil Industry Public Company (UPOIC) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose to Baht 1,649.6m from Baht 1,522.3m YoY, while net profit fell to Baht 84.2m from Baht 129.1m.

• Q3 revenue declined to Baht 379.0m from Baht 518.1m YoY; net profit was Baht 1.9m versus Baht 64.0m.

Financial highlights

• 9M consolidated operating profit was Baht 69.9m versus Baht 153.6m YoY; profit before tax was Baht 96.9m versus Baht 157.6m.

• 9M cost of sales increased to Baht 1,459.9m from Baht 1,266.2m; selling and distribution expenses eased to Baht 27.7m from Baht 28.7m.

• 9M loss from fair-value changes in current biological assets was Baht 76.2m versus Baht 75.3m; Q3 loss increased to Baht 44.5m from Baht 7.3m.

• Q3 operating result swung to a Baht 15.3m loss from Baht 76.4m profit YoY; consolidated joint-venture profit was Baht 15.4m versus Baht 2.5m.

Segment performance

• Operations comprise oil-palm plantation and crude palm oil/kernel oil processing, plus biogas and biomass electricity generation; no material activity occurred in the electricity segment during the period.

• Three major customers generated Baht 937m of 9M revenue versus Baht 950m YoY, all from the plantation and oil-processing segment.