ThaiBev nine‑month EBITDA rises 7.2% to $1.9b despite revenue slip

Lower input costs supported beer and spirits as group revenue fell 1.8%.

Thai Beverage Public Company Limited (ThaiBev) posted a 7.2% year-on-year increase in EBITDA to $1.88b (THB48.3b) for the nine months ended 30 June, even as group revenue fell 1.8% to $9.91b (THB254.04b).

The improvement was supported by lower input costs and wider margins across several businesses, particularly beer and spirits.

Beer revenue declined 5.3% to $3.56b (THB91.35b), alongside a 1.9% drop in sales volume. However, EBITDA rose 10.4% to $542.1m (THB13.9b).

The company said the decline reflected unfavourable foreign-exchange translation effects and a slight slowdown in the Thai market. Lower raw material costs supported higher EBITDA for the segment.

Revenue from non-alcoholic beverages fell 3% to $1.87b (THB47.83b), whilst sales volume edged up 0.3%. The segment was affected by a less favourable product mix and border tensions, with volume growth mainly driven by the water category.

The food business posted a 3% increase in revenue to $665.34m (THB17.06b), on the back of an improved performance in the quick-service restaurant business.

Revenue from the group’s other businesses rose 1% to $142.74m (THB3.66b).

$1 = THB25.94

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