SCGP Reports 65% Growth in 3Q25 on Lower Material Cost and Indonesia Operation

SCG Packaging Public Company Limited (SET: SCGP) has announced 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 3Q25 3Q24
Net Profit (Loss)
Million Baht
953.23 577.35
Earning Per Share
(Baht)
0.2200 0.1300
% Change 65.11
9 Months 2025 2024
Net Profit (Loss)
Million Baht
2,862.89 3,755.66
Earning Per Share (Baht) 0.67 0.87
% Change -23.77

 

SCGP reported a net profit in 3Q25 of Baht 953.23 million, an increase of Baht 375.88 million or 65.11% compared to the previous year. The increased net profit was primarily from lower costs of key raw materials and improved performance in the packaging paper operation in Indonesia.

In 3Q25, packaging demand remained comparable to the previous quarter despite global and regional market dynamics. Growth remained notable in ASEAN from both domestic and export markets, particularly in segments related to daily consumer products, apparel, and footwear, supported by early preparations for year-end festivities.

Conversely, demand for durable goods remained subdued, constrained by persistent high household debt levels, which continued to suppress consumer spending. Meanwhile, pricing remained under pressure, influenced by regional downward trends, especially in the pulp market.

On the cost side, raw material prices, particularly recovered paper (RCP) declined compared to the previous quarter. Energy and utility expenses remained on a downward trend, contributing to reduced production costs, while freight rates were stable throughout the period. SCGP maintained focus on operational excellence by leveraging regional production networks and integrated business models to respond to diverse customer requirements and market conditions.