SCG Packaging Public Company Limited (SET: SCGP) has reported a resilient financial performance for the full year 2025, with net profit climbing 10% year-on-year to reach 4,069 million baht. This growth was achieved despite a challenging top-line environment, as total revenue from sales dipped 6% to 124,374 million baht compared to 132,784 million baht in 2024.
| Year | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
4,069.50 | 3,699.08 |
| Earning Per Share (Baht) |
0.95 | 0.86 |
| % Change | 10.01 | |
The decline in revenue was largely attributed to an 8% drop in selling prices across all segments, aligning with regional market softening. However, SCGP managed to secure a 4% increase in sales volume, driven by robust domestic demand across the ASEAN region. To counter pricing pressures, the company focused on operational excellence and aggressive cost-saving initiatives. Consequently, the total cost of sales decreased by 7% year-on-year to 102,120 million baht. Profitability was primarily bolstered by declining prices for recovered paper (RCP) and lower energy and utility costs.
SCGP’s strategic integration of technology also played a pivotal role in maintaining margins. The company utilized AI-driven initiatives and machine learning to ensure supply-chain reliability and optimize energy procurement quantities. On a segmental basis, the Integrated Packaging Business (IPB) remained a strong driver, with EBITDA increasing 17% to 15,527 million baht. This was partially offset by a 49% EBITDA decline in the Fibrous Business, which struggled with lower selling prices and the impact of Thai baht appreciation. Additionally, the bottom line was supported by 1,072 million baht in non-recurring gains related to merger and partnership (M&P) transactions.
The company’s financial position remains solid, with a net debt to EBITDA ratio of 3.0 times, improving from 3.3 times in the previous year. Following these results, the Board proposed a total 2025 dividend of 0.60 baht per share. Moving into 2026, SCGP intends to pursue organic growth and further M&P opportunities, specifically within consumer-related segments, while navigating volatile global economic conditions.
Additionally, the Board of Directors approved a dividend payment for the operation in 2025 at the amount of THB 0.35 per share. The dividend will be paid on 21 April 2026 with an ex-dividend date on 31 March 2026.
