Sri Trang Agro-Industry Public Company Limited (SET: STA), The world’s largest fully integrated natural rubber enterprise and Thailand’s leading rubber glove manufacture, reported total revenue of THB 29,519.7 million for Q3/2026, an increase of 36.8% Y0Y. Net profit was THB 494.9 million, compared with a net loss in the corresponding period of the previous year. For 9M/2026, the Company recorded total revenue of THB 87,365.2 million, up 0.7% YoY, and net profit of THB 2,035.3 million, reversing a net loss in the same period of the previous year.
Mr. Veerasith Sinchareonkul, Chief Executive Officer of Sri Trang Agro-Industry Public Company Limited, said that the Group’s performance in the third quarter of 2026 reflected a YoY recovery in profitability, particularly in the natural rubber business, supported by continued increases in global natural rubber prices. The average SICOM TSR20 price was 228.5 US cents per kilogram, an increase of 4.9% quarter-on-quarter and 34.2% YoY. In line with this trend, the Company’s average selling price continued to increase, reaching its highest level in more than 13 years.
The natural rubber business recorded revenue of THB 23,441.9 million, representing approximately 79.4% of total revenue, with sales volume of 300,930 metric tons. Sales volume of EUDR-compliant rubber increased to 47,348 metric tons, or 15.7% of total natural rubber sales volume, from 17,214 metric tons in the preceding quarter.
The natural rubber business maintained a gross profit margin of 9.1%, while the rubber glove business recorded a gross profit margin of 12.2%, compared with 7.2% in the corresponding period of the previous year. Both core businesses delivered improved operating performance YoY.
For Q4/2026, the Company expects the natural rubber market to remain supported by supply constraints in major producing countries and a recovery in demand for near-term delivery. The Company will continue to closely monitor natural rubber prices, weather conditions and global economic uncertainty, while maintaining its focus on cost management and operational efficiency to support long-term competitiveness.
The Company has also observed signs of a recovery in orders for natural rubber compliant with the European Union Deforestation Regulation (EUDR). This follows a period in which customers deferred purchasing decisions pending greater clarity on the regulation’s implementation. The Company will continue to draw on its capabilities in responsible raw material sourcing and traceability to meet customer requirements and pursue long-term business opportunities.
In parallel, Sri Trang Group continues to advance its “Empowering AI” mission through more than 200 projects applying artificial intelligence (AI) and digital technologies across the value chain. These initiatives cover raw material quality assessment, production process control and finished product quality inspection, with the aim of enhancing efficiency, reducing costs and strengthening the Group’s long-term competitiveness.
“We remain focused on strengthening our natural rubber and rubber glove businesses while improving operational efficiency through technology and innovation. These priorities will position the Group to respond to industry developments and support sustainable long-term growth,” Mr. Veerasith said
