Sabina Public Company Limited (SET: SABINA) has released its full-year financial results for 2025, revealing a resilient performance despite a volatile economic environment characterized by natural disasters, political uncertainty, and high household debt. While the company faced a contraction in its core retail segments, a strategic pivot toward international manufacturing and digital channels provided a critical buffer.
For the year ended December 31, 2025, SABINA reported total revenue of THB 3,338.9 million, representing a 6.9% decrease compared to 2024. The decline was primarily driven by a 13.8% drop in retail sales, which were hampered by border disturbances and natural disasters, including earthquakes and flooding in Thailand’s southern region. Net profit for the year totaled THB 410.8 million, down 11.5% year-on-year, with a net profit margin of 12.3%.
The standout performer in the 2025 portfolio was the OEM segment, which recorded a staggering 50.3% growth, reaching THB 293.8 million. Management attributed this success to the company’s strict compliance with international environmental standards, which bolstered confidence and secured continued orders from customers in Europe and the United Kingdom.
Despite lower sales volume, SABINA successfully improved its gross profit margin to 51.5%, up from 49.6% in 2024. However, selling and administrative (S&A) expenses rose by 1.3% to THB 1,212.2 million, accounting for 36.3% of total revenue. This increase reflects ongoing investments in brand innovation and digital expansion, such as the launch of “Sabina on LINE MAN” to enhance omni-channel capabilities.
SABINA continued to diversify its product range, launching the “Sabina Braless” series and its first MEN’S Collection to capture new demographics.
The Board of Directors has resolved to pay a total dividend of THB 1.18 per share for the 2025 fiscal year, with 347.50 million shares totaling THB 410.05 million. The interim dividend is in the amount of THB 0.58 per share, and the company shall pay an additional dividend of THB 0.60 per share. The ex-dividend (XD) date is set on April 30, 2026, and the dividends will be paid to shareholders on May 19, 2026.
Moving forward, the company remains focused on sustainability-driven strategies and portfolio diversification to navigate the cautious consumer spending landscape.
