Siam Global House Q2 Earnings Plunge 32% amid Declining Sales

Siam Global House Public Company Limited (SET: GLOBAL) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 2Q25 2Q24
Net Profit (Loss)

Million Baht

520.40 764.57
Earning Per Share

(Baht)

0.0963 0.1415
% Change -31.94
6 Month 2025 2024
Net Profit (Loss)

Million Baht

1,142.30 1,489.84
Earning Per Share (Baht) 0.21 0.28
% Change -23.33

 

GLOBAL reported a net profit in 2Q25 of Baht 520.40 million, a decrease of Baht 244.17 million or 31.94% compared to the previous year. Key factors contributing to these results include:

1) Net sales for the second quarter of 2025 amounted to Baht 8,183.00 million, a decrease of Baht 532.44 million or 6.11% compared to the same period in 2024, as a result of the decline in same-store sales.

2) Other income for the second quarter of 2025 amounted to Baht 202.13 million, a decrease of Baht 4.28 million or 2.07%, compared to the same period in 2024. This was due to a decline in service income from customers and promotional income received from suppliers.

3) Gross profit for the second quarter of 2025 amounted to Baht 2,080.13 million, a decrease of Baht 240.05 million or 10.35%, compared to the same period in 2024, representing a gross profit margin of 25.42% of net sales which decreased by 1.20%. This was in line with a decline in sales.