Thai Beverage Public Co ( (TBVPF) ) has released its Q3 earnings. Here is a breakdown of the information Thai Beverage Public Co presented to its investors.
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Thai Beverage Public Company Limited, commonly known as ThaiBev, is a leading beverage company in Thailand, primarily engaged in the production and distribution of alcoholic and non-alcoholic beverages, with a significant presence in the Southeast Asian market.
For the nine months ending June 30, 2025, ThaiBev reported stable sales revenue despite challenging market conditions, highlighting the resilience of its beer segment and the strategic investments in its spirits and non-alcoholic beverage divisions.
The company’s beer segment demonstrated robust performance with a 4.0% increase in EBITDA, driven by improved production efficiency and reduced raw material costs, despite a slight decline in sales revenue. Meanwhile, the spirits segment maintained stable sales revenue, though EBITDA saw a decrease due to increased marketing expenditures. The non-alcoholic beverages and food segments faced declines in both sales revenue and EBITDA, attributed to heightened marketing investments and rising costs, respectively.
Looking ahead, ThaiBev remains focused on navigating market challenges and leveraging its strategic investments to drive future growth, as indicated by the management’s cautious yet optimistic outlook.

