Berli Jucker Public Company Limited (SET: BJC) has released its full-year 2025 financial results, showcasing a resilient performance despite a challenging macroeconomic environment. While the group faced a modest decline in top-line revenue, disciplined cost management and a diversified business model allowed reported net profit to remain stable compared to 2024.
For the full-year 2025, BJC reported consolidated total revenue of THB 166,623 million, representing a 2.5% decline from the previous year. This contraction was primarily driven by softer consumption and ongoing retail portfolio optimization. The Modern Retail Supply Chain, the company’s largest segment, saw revenue dip 2.6% to THB 113,299 million, hampered by external factors such as border conflicts, flooding in southern Thailand, and slower tourist arrivals.
Conversely, the Consumer Supply Chain emerged as a growth engine, with sales rising 5.4% YoY to THB 22,557 million. This growth was bolstered by government stimulus measures and strong performance in the Non-Food category. The Packaging Supply Chain saw a revenue decline of 6.7%, largely due to lower average selling prices in glass packaging as the company passed through reduced raw material costs to customers.
BJC’s focus on efficiency was evident as total expenses decreased by 2.0% to THB 160,282 million. Management cited lower raw material costs, reduced interest expenses, and operational efficiency initiatives as key drivers for this improvement.
Reported net profit attributable to equity holders reached THB 4,011 million, a slight 0.2% increase over 2024. However, when excluding non-operating items—such as the divestment of Thai-Scandic Steel (TSS), flood-related provisions, and store closure costs—normalized net profit stood at THB 4,470 million, a 5.4% decrease YoY.
Despite lower EBIT (down 8.2% to THB 11,868 million), BJC maintained a solid financial position with a stable Net IBD to Equity ratio of 1.1x, reflecting consistent balance sheet strength.
In addition, the Board of Directors approved a dividend payment of THB 0.36 per share to be paid on May 21, 2026, with an ex-dividend (XD) date on April 29, 2026.
