SCGP’s 2Q25 Earnings Slides 31% as Sales Drop, Announcing THB0.25 Dividend Payment

SCG Packaging Public Company Limited (SET: SCGP) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:

Quarter 2Q25 2Q24
Net Profit (Loss)
Million Baht
1,009.79 1,453.67
Earning Per Share
(Baht)
0.2400 0.3400
% Change -30.53
6 Month 2025 2024
Net Profit (Loss)
Million Baht
1,909.67 3,178.32
Earning Per Share (Baht) 0.44 0.74
% Change -39.92

 

SCGP reported a net profit in 2Q25 of Baht 1,009.79 million, a decrease of Baht 443.88 million or 30.53% compared to the previous year. The decreased net profit was due to the reduction in revenue. Meanwhile, the costs of raw materials, energy, and freight are also reduced.

Total revenue from sales was THB 31,557 million, an 8% year-on-year and 2% quarter-on-quarter contraction. This was primarily due to weaker selling prices in integrated packaging business and fibrous business, despite an increase in domestic sales volume, particularly in integrated packaging business, driven by favorable local demand.

For the first half of 2025, net profit for the period was THB 1,909.67 million, a 39.92% YoY reduction. This was also due to the decline in revenue, coupled with the impact of Thai baht appreciation.

Total revenue from sales in 1H25 was THB 63,766, a 6% YoY decline. Revenue was decreased primarily from weaker selling prices of integrated packaging business and fibrous business, consistent with regional market trends.

On 29 July 2025, the Board of Directors of SCGP has approved a H1/2025 interim dividend payment of THB 0.25 per share (THB 1,073 million), which is payable on 27 August 2025 (XD-date on 8 August 2025 and record date on 13 August 2025).