Thai Bev's interim profit dips as non-alcoholic beverages, food segments weigh (updated)

Thai Beverage Public

14/05/2026 14:48

Updates with details in paragraphs 5 and 6

First-half profit attributable drops 3%

Spirits and beer divisions log profit growth

Interim dividend maintained at 0.15 baht per share

May 14 (Reuters) - Singapore-listed Thai Beverage TBEV.SI reported a 3% drop in first-half profit on Thursday, as its non-alcoholic beverages and food businesses remained under pressure amid a challenging competitive environment.

Higher tax expenses, softer consumer demand and geopolitical uncertainty hurt the Chang beer-maker's non-alcoholic beverage (NAB) business, with first-half attributable profit for the segment coming in at 1.14 billion baht ($35.29 million), down 25.2% from a year earlier.

Profit attributable to the Bangkok-based company's food business fell 21.7% from a year earlier to 54 million baht during the period, pressured by higher depreciation expenses arising from restaurant expansion and a rise in income-tax costs.

Cushioning the blow, its spirits business, the company's biggest profit contributor, logged a 5.6% increase in first-half attributable profit, aided by higher sales, lower key raw material costs and strong international growth.

Lower key raw material costs also helped profit attributable to the beer segment jump 41.3% from a year earlier.

However, weaker first-quarter performance due to subdued market conditions in Thailand, severe weather in Vietnam and unfavorable exchange rates caused interim beer sales revenue to drop 5.4% from a year earlier, despite a recovery in the second quarter.

Weak sales revenue in the beer and NAB segments dragged the company's half-year sales revenue down 2.5% to 173.22 billion baht.

Thai Beverage reported a total profit attributable of 14.24 billion baht for the six months ended March 31, down from 14.71 billion baht a year earlier.

The company, one of Southeast Asia's largest beverage makers, declared an interim dividend of 0.15 baht per share, unchanged from a year earlier.

($1 = 32.2900 baht)

(Reporting by Sherin Sunny and Anjali Singh in Bengaluru; Editing by Joyjeet Das and Jonathan Ananda)

((Sherin.Sunny@thomsonreuters.com; anjali.singh2@thomsonreuters.com;))