Ichitan Group Public Company Limited (SET: ICHI) has reported its financial results for Q2/2026, recording sales revenue of THB 2,146.6 million and a net profit of THB 309.2 million. This represents an 11.3% quarter-on-quarter sales growth, maintaining a gross profit margin of 23.5% in line with targets. Performance was strongly driven by the non-tea category—particularly “Ichitan Alkaline Water (pH Plus 8.5)”—which is on track to hit an all-time high of over THB 1,000 million by the end of this year.
To support rising market demand, Ichitan is installing additional production equipment for its alkaline water line, expanding into new export target markets, and optimizing costs through BOI tax incentives. For the second half of 2026, the company expects further momentum from government economic stimulus programs, such as “Thai Chuey Thai Plus” and “Thai Tiew Thai Plus,” alongside continuous expansion in export and OEM businesses.
The Board of Directors has approved an interim dividend payment of THB 0.45 per share. The record date to determine eligible shareholders is August 27, 2026, with the dividend payment scheduled for September 11, 2026.
Tan Passakornnatee, President & CEO of Ichitan Group PCL, stated: “Over the past 15 years, Ichitan Group has navigated economic shifts through prudent management, agility, and readiness to adapt. Today, we are focused on long-term business strength rather than short-term gains. “Ichitan Alkaline Water (pH Plus 8.5)” has emerged as a major growth driver with record-high orders, prompting us to expand production capacity. At the same time, delivering consistent shareholder value remains a top priority. This interim dividend reflects both our financial foundation and our confidence in Ichitan’s long-term trajectory.”
Ichitan Indonesia Profit Share Soars 85.3%
PT Ichitan Indonesia achieved its targets in H1/2026 by targeting tier-two cities, improving marketing efficiency amidst cost pressures. The Indonesian venture contributed THB 12.6 million in profit share back to the parent company—an 85.3% year-on-year increase. Key popular products driving growth include Thai Milk Tea and Brown Sugar Milk.
“Ichitan Alkaline Water (pH Plus 8.5)” Hits All-Time High; Capacity Expansion Underway
As “Ichitan Alkaline Water (pH Plus 8.5)” approaches the THB 1,000 million milestone in 2026, Ichitan is launching a new variant: “Ichitan Alkaline Water mixed with Vitamin D and Aloe Vera” under the “Hydrate Your Day” concept. Produced using Japanese technology, the product features brand ambassadors “Bright-Pitchayatan and Tor-Saksit,” representing health-conscious, modern consumers focused on longevity and wellness.
Social Contribution: 480 AI Robots Distributed to Public Hospitals
Leveraging BOI tax incentives over a three-year period, Ichitan is delivering 480 “Ichitan Dinsow AI Robots” to 30 public hospitals across Thailand. The initiative aims to alleviate healthcare staff workloads, improve patient services, and support frontline workers with ongoing supplies of Ichitan Alkaline Water.
H2 Strategy: Strategic Collaborations and Product Innovations
Recognized as Marketeer No.1 Brand Thailand 2026 for the seventh consecutive year, Ichitan is accelerating its H2 growth strategy through cross-brand collaborations, including:
- Ichitan x Kumamon: Launching Kumamoto Watermelon flavor.
- Yen Yen x Thai Coco: A partnership with Thai Coconut PCL (COCOCO) introducing a herbal tea blended with coconut water, delivering a new taste experience while supporting local Thai coconut farmers.
- Shizuoka Premium Tea Line: Introducing “Hojicha Golden Roast” to cater to expanding consumer preferences.
Long-Term Growth via OEM and Export Markets
Ichitan OEM One-Stop Service is positioned for growth utilizing Cold Aseptic Filling Technology operating at speeds of 600–900 bottles per minute for 120–150 continuous hours per production cycle, backed by a full R&D support team. Meanwhile, international sales continue to gain traction across key markets, including Malaysia, China, Singapore, and Taiwan.
