Osotspa Public Company Limited (SET: OSP) delivered a robust financial performance for the full year 2025, characterized by a 123.8% year-on-year surge in net profit attributable to the company, totaling THB 3,667 million. While this headline growth was significant, the company’s normalized net profit—excluding non-recurring items—reached THB 3,503 million, representing a solid 15.3% increase compared to 2024.
This bottom-line strength came despite a 5.6% decline in total revenue from sales, which amounted to THB 25,561 million. The revenue contraction was primarily driven by a 6.4% drop in domestic beverage sales following a strategic “reset” of the sales and distribution model in early 2025, intended to enhance long-term stability.
However, the company saw a rebound in the second half of the year, and international beverage revenue grew by 4.8% to THB 6,493 million, bolstered by strong performance in Myanmar and Laos.
Profitability was a key highlight, as the gross profit margin expanded to 40.1%, up 2.8% YoY. This expansion was fueled by visionary management of raw material and energy costs, production efficiency improvements from capacity optimization, and a higher revenue contribution from international markets.
Furthermore, SG&A expenses were reduced by 7.2% to THB 6,452 million, driven by disciplined, ROI-focused marketing and trade promotion activities.
The 2025 results were also impacted by a THB 295 million gain from the disposal of a glass bottle manufacturing investment in Myanmar. This gain was partially offset by THB 130 million in expenses related to the consolidation of production facilities, a strategic move aimed at enhancing future operational efficiency.
As OSP enters 2026, the company is pivoting toward its “Executing Excellence, Empowering the Future” strategy, targeting mid-single-digit revenue growth and continued margin improvement through organizational alignment and international expansion.
The company’s Board of Directors will propose a THB 0.40 dividend payment for the operating period from July 1 – December 31, 2025, at the upcoming 2026 Annual General Meeting of Shareholders. The dividend payment date is scheduled for May 28, 2026, with the ex-dividend (XD) date on May 7, 2026.
