Thai Coconut Public Company Limited (SET: COCOCO) has announced its 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss) Million Baht |
77.80 | 227.92 |
| Earning Per Share (Baht) |
0.0500 | 0.1500 |
| % Change | -65.87 | |
| 6 Months | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
142.23 | 433.35 |
| Earning Per Share (Baht) | 0.1000 | 0.2900 |
| % Change | -67.18 | |
In the second quarter of 2025, COCOCO recorded a net profit of THB 77.80 million, a decrease of THB 150.12 million or 65.87% YoY. The decline in net profit was primarily due to the increase in cost of sales, particularly higher coconut raw material prices impacted by the El Niño phenomenon, which is considered a temporary factor.
Regarding 2Q25 total revenue, COCOCO recorded a total revenue of THB 1,803.69 million, an increase of 13.58% YoY. The increase was mainly attributable to the continued growth in sales of coconut water products, which remain popular in international markets.
As for 2Q25 revenue from sales and services, COCOCO recorded a total revenue of THB 1,790.22 million, an increase of THB 218.91 million or 13.93% YoY.
Regarding 2Q25 overseas sales and services, the company recorded a revenue of THB 1,551.01 million, an increase of THB 145.72 million or 10.37% YoY, representing 86.64% of total sales and services revenue. Compared to the same quarter of the previous year, sales increased by 34.20% in Oceania, 28.46% in the Americas, 17.45% in Africa, and 10.11% in Asia.
The overseas sales growth reflects the rising demand for health-oriented beverages and is the result of the company’s continued efforts to expand into international markets through marketing activities, participation in trade exhibitions, and exploration of new markets, as well as maintaining strong customer relationships to support sustainable growth.
As for 2Q25 cost of sales and services, COCOCO recorded a total cost of THB 1,484.13 million, an increase of THB 346.40 million or 30.45% YoY.
The increase in cost of sales was mainly attributable to higher sales of coconut milk products, which grew faster than expected, requiring the company to source additional raw materials from other suppliers during a period when coconut prices were on an upward trend as a result of the El Niño phenomenon. Although the company had secured some raw materials in advance, the amount was not sufficient to meet the continuously rising demand.
Additionally, COCOCO stated that the company has been closely monitoring the situation and implementing ongoing cost risk management measures, including investment in a manufacturing plant in the Philippines to access lower-cost raw materials, improving production efficiency, and undertaking energy cost reduction initiatives such as the Solar Rooftop project and other related programs.
