Thai Beverage Public Company Limited (Y92) Earnings Call Transcripts

Thai Beverage Public Company Limited's Latest Earnings Call - May 15, 2026

In the first half of fiscal year 2026, Thai Beverage Public Company Limited (Y92:SG) reported total sales revenue of THB 173,219 million, a decrease of 2.5% year-over-year. Despite this decline, net profit from normal operations increased by 7.8% to THB 19,162 million, driven by strong performance in the Spirits and Beer segments. Management maintained a cautious outlook, indicating that while the Spirits business showed resilience, the Beer and Nonalcoholic Beverage segments faced challenges due to market conditions and consumer sentiment. No changes to guidance were provided, and the interim dividend remains unchanged at THB 0.15 per share.

Reported metrics

Guidance from management

Management did not provide specific guidance for the second half of 2026 but indicated that they expect to maintain momentum in the Spirits and Beer segments. They remain cautious about consumer spending and market conditions.

What management said

Okay. No. Actually, the aluminum can might have the increase in terms of the cost. But again, on the aluminum cost, we have secured it until the year-end also, okay? And for Thailand, majority of the packaging is on the bottle, and we have a lot of recycled bottles. So I think that helps a lot.

Divya, in terms of -- if you ask what will happen for the second half in terms of the growth and the volume. For us, we cannot give the guidance, but Khun Nongnuch can give you more color on what we are planning to do for the second half, but not guidance for the volume in terms of figure.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the Beer segment's recovery and the impact of economic conditions on consumer spending. There were also inquiries about potential corporate actions to unlock value, such as IPOs for BeerCo and Spirits.

Main topics on the call

• Spirits Business Growth — The Spirits segment reported a 1.3% increase in sales revenue to THB 65,373 million, supported by a 1.4% increase in sales volume. Management noted, "the performance was supported by growth in the first quarter of 2026, ...
• Beer Segment Challenges — The Beer segment experienced a 5.4% decline in sales revenue to THB 62,639 million, attributed to weaker market conditions and severe weather. However, management indicated that sales revenue rebounded strongly in the se...
• Nonalcoholic Beverage Decline — The Nonalcoholic Beverage segment saw a 5.5% decline in sales revenue to THB 31,596 million, driven by decreased sales volume amid softer consumer demand. Management highlighted that increased brand investment and higher...
• Market Share Stability — ThaiBev maintained its market share in the beer segment at approximately 40%. Management stated, "we are clearly #1 in Thailand beer for 13 consecutive months," indicating strong competitive positioning.

Read the full Thai Beverage Public Company Limited transcript (May 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 12 Thai Beverage Public Company Limited earnings call transcripts on record, spanning May 15, 2020 to May 15, 2026. Based on this history, Thai Beverage Public Company Limited reports semi-annually. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

Y92

Exchange

SGX

Country

SG

Sector

Consumer Staples

Industry

Beverages

Calls on record

12

First call

May 15, 2020

Most recent

May 15, 2026

Reporting cadence

semi-annually