Osotspa Public Company Limited (SET: OSP) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
1,265.09 | 828.50 |
| Earning Per Share (Baht) |
0.4200 | 0.2800 |
| % Change | 52.70 | |
Osotspa delivered record-high net profit in the quarter 1 of 2025, marking its strongest quarterly performance since being listed on the stock exchange of Thailand. Net profit reached THB 1.265 billion, representing an increase of 52.7% YoY and 123.2% QoQ.
Excluding a one-time gain of THB 295 million from the divestment of the glass bottle manufacturing and distribution business in Myanmar (MGE group), which is a part of a business restructuring, the company’s core profit from operation totaled THB 970 million, up 17.1% YoY and 57.9% QoQ from the following factors:
- Revenue from sales
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- Osotspa’s 1Q25 revenue declined by 5.9% YoY to THB 6.831 billion. This decline is due to softened domestic beverage sales and declined glass OEM sales, which is in line with the strategic shift towards core business focus. However, other core business segments – particularly personal care and international beverages – delivered strong double-digit growth.
- However, in the QoQ level, the revenue grew by 6.4%, underpinned by strong momentum in core international beverages operations, led by Myanmar and Laos.
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- Gross Profit Margin
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- The company’s 1Q25 profit margin increased by 380 bps YOY to 40.3%. This rise is driven by a higher proportion of revenue from international business and personal care, which led to a shift toward a higher margin than the company’s average, improved production efficiency, and lower raw material and energy costs.
- At the QoQ level, the profit margin expanded by 180 bps, supported by a favorable revenue mix with higher margin from international business and personal care products, along with continued improvements in production efficiency.
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- Selling and Administrative Expenses
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- Osotspa’s 1Q25 expenses dropped by 5.8% YoY to THB 1.693 billion. This decrease is driven by effective and deliberate control of selling and administrative expenditure.
- At the QoQ level, the expenses were reduced by 6.4%, by focusing on managing administrative expenses and benefited from minimal exchange rate impact, while optimizing spending on promotional and marketing activities.
In the beverage segment, the company’s total revenue in 1Q25 was THB 5.821 billion, a decrease of 4.2% YoY but an increase of 9.1% QoQ.
- In the domestic market, the revenue fell to THB 3.552 billion, a decline of 15.8% YoY and 8.4% QoQ. This decrease is primarily due to a contraction in the energy drink segment following the restructuring of sales and distribution operations.
- In the international market, the revenue rose to THB 2.269 billion, an increase of 22.2% YoY and 55.9% QoQ. This increase is led by CLMV markets, with double-digit sales growth in Myanmar and Laos, and solid performance in export markets, particularly Europe. In addition, on a QoQ level, there is support by seasonal factors and brand strength on CLMV markets.
In the personal care segment, the company’s revenue was THB 666 million, an increase of 10.1% YoY, but a decrease of 15.0% QoQ.
- In the YoY level, the domestic revenue was driven by baby and beyond baby products under Babi Mild and Ultra Mild brand, supported by expanded product offerings targeting a broader consumer segment. New launches included First Care facial cream, adult body liquid soap, and men’s deodorant under the Exit brand, offering a refreshing, antiperspirant, and odor protection.
- Meanwhile, the international revenue achieved double-digit growth, reflecting the ongoing expansion of the Babi Mild brand into overseas markets.
- At the QoQ level, the revenue from both domestic and international markets softened, reflecting seasonal trends following the high season in 4Q24.
