Thai Coconut Public Company Limited (SET: COCOCO) has announced 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss)
Million Baht |
69.36 | 172.15 |
| Earning Per Share
(Baht) |
0.0500 | 0.1200 |
| % Change | -59.71 | |
| 9 Months | 2025 | 2024 |
| Net Profit (Loss)
Million Baht |
211.48 | 602.79 |
| Earning Per Share (Baht) | 0.1400 | 0.4100 |
| % Change | -64.92 | |
In the third quarter of 2025, COCOCO recorded a net profit of 69.45 million baht, representing a decrease of 102.85 million baht, or 59.69%, compared to the same quarter of the previous year, and a decrease of 7.91 million baht, or 10.23%, compared to the previous quarter. The decline was mainly due to higher administrative expenses, resulting from the expansion of production capacity in the coconut water product group, the trial run of new machinery prior to commercial production, as well as increased personnel expenses and the implementation of internal efficiency improvement projects to support future growth.
Nevertheless, the company maintained a stable profitability level despite fluctuating cost conditions by focusing on efficient cost management, enhancing production technology for maximum effectiveness, and balancing revenue growth with long-term shareholder returns.
Revenue from sales and services was at 1,753.75 million baht, representing a decrease of 159.93 million baht, or 8.36%, compared to the same quarter of the previous year, and a decrease of 36.47 million baht, or 2.04%, compared to the previous quarter. The decline was primarily attributable to lower revenue from coconut water products, resulting from reduced export orders in certain markets and the overall slowdown in the global economy.
The company reported a gross profit margin of 18.78%, compared to 24.80% in the same quarter of the previous year, but higher than 17.10% in the previous quarter. The improvement quarter-on-quarter was mainly attributable to the sales growth in coconut milk and pet food product groups in the American region, the adjustment of pricing strategy, and effective cost management.
Declining raw coconut prices during the third quarter and increased production volume of pet food products contributed to economies of scale, resulting in lower unit production costs. Moreover, COCOCO has implemented proactive risk management plans, particularly in foreign exchange and raw material cost management, to mitigate external impacts on its operations.
