Mr. Wongkrit Jiamsripong, Chief Strategy Officer of Thai Eastern Group Holdings Public Company Limited (SET: TEGH), told “Kaohoon” that the company has set an operational plan for 2026, targeting a total revenue growth of 10% compared to 2025, which is expected to generate approximately THB 20 billion baht in total revenue.
This aligns with the expansion of all business sectors, including natural rubber, crude palm oil, renewable energy, and organic waste management. The company’s board is scheduled to meet to approve the 2025 budget and announce financial results on 27 February 2026.
TEGH aims to boost rubber sales volume in 2026 to 280,000-300,000 tons, up from 260,000 tons in 2025, owing to continued customer demand both domestically (40%) and internationally (60%). There are also plans to expand production capacity by another 35,000 tons, or approximately 7,000-8,000 tons per quarter, from the current production capacity of 72,000 tons per quarter.
The company assesses that business performance in the first half of 2026 will improve slightly from the second half of 2025, as customers are likely to have cleared much of their stock. The outlook for the second half of 2026 is even more positive, provided there are no further delays in the enforcement of the EUDR (European Union Deforestation Regulation) rubber law. The proportion of EUDR rubber sales is expected to rise significantly, supporting growth in both sales volume and profitability in the natural rubber business.
Regarding rubber selling prices in 2026, they remain aligned with global market prices, with no significant decline expected due to sustained market demand. TEGH will focus on enhancing competitiveness by reducing overall production costs, including labor, electricity, and fuel costs. Despite some impact from a stronger baht, risk management measures have been implemented through forward contracts for foreign currency purchases.
In its crude palm oil production and distribution business, performance in 2026 is expected to improve compared to past years, which saw significant losses, following upgrades to production lines, including steam boilers and palm sterilizers. This has enhanced production and quality. The company also plans to seek ISCC CORSIA certification for oil extracted from empty palm bunches and wastewater oil, to support the demand from the bio-jet fuel industry using residual oils and fats.
The renewable energy and organic waste management business continues to grow following the successful completion of the biogas production expansion project phase 1. The company is also undertaking a petrochemical sludge pond project, expected to be completed in 1Q26, and phase 2 of the biogas expansion project, scheduled for completion in 3Q26.
This will allow for the management of a total of 544,500 tons of organic waste annually and an increased biogas output of 28,710,000 cubic meters per year. Revenue from carbon credit sales, which will increase in line with organic waste volumes, is also anticipated. The spin-off of its subsidiary, Thai Eastern Bio Power Public Company Limited (TEBP), is expected to result in the listing of its common shares on the Market for Alternative Investment (mai) by 2026.
