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Thai Union Group Public Company (TU) investor relations material
Thai Union Group Public Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Organic sales grew 1.8% YoY in Q3 25 after two quarters of decline, led by Frozen and PetCare, despite FX and US tariff headwinds.
Reported sales declined 1.0% YoY to THB 34,501mn due to FX translation.
Gross profit margin remained resilient at 19.0%, within the 18.5–19.5% target range.
Adjusted net profit declined 7.2% YoY to THB 1,516mn, but EPS rose 12.1% YoY due to share buybacks and cancellations.
Transformation and cost reset programs are on track, with significant savings expected from 2026 onward.
Financial highlights
Q3 25 sales were THB 34,501mn, down 1.0% YoY, mainly due to FX translation, but organic sales grew 1.8% YoY.
Gross profit was THB 6,549mn, down 3.6% YoY; GPM at 19.0%, down 0.5% YoY.
Adjusted net profit was THB 1,516mn (-7.2% YoY); reported net profit was THB 1,304mn (-6.8% YoY).
EBITDA was THB 3,419mn (-6.5% YoY); adjusted EBITDA was THB 3,631mn (-6.7% YoY).
Free cash flow for 9M 25 was THB 4,127mn; net debt rose to THB 59bn, mainly from share buybacks and dividends.
Outlook and guidance
2025 sales growth guidance revised to -2% to -4% YoY, reflecting tariff and FX headwinds.
GPM expected to remain in the 18.5–19.5% range; SG&A to sales at 13.5–14.5%.
Transformation costs to impact 2025, but cost savings and margin improvements expected from 2026.
Dividend payout policy remains at least 50%.
CAPEX planned at THB 3.5–4.0bn.
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