Thai Beverage Public Co Ltd (TBVPF)

OTHER OTC:TBVPF

TBVPF

Thai Beverage Public Co

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Thai Beverage Public Co (TBVPF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 08, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

<0.01

Last Year’s EPS

<0.01

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Nov 25, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

Mixed. The call highlights operational strengths — notably a strong beer profit recovery (+24.6% net profit) and material raw-material tailwinds expected to improve margins in FY26, plus completed/near-complete capacity investments (Cambodia, Malaysia) and maintained dividend. However, these positives are tempered by group-wide revenue and net profit declines (sales -2.1%, net profit -11.7%), continued softness in domestic consumption, segmental profit declines (spirits -7%, NAB -13.4%), losses in food and other businesses, and short-term market/logistical disruptions (Vietnam competition, border conflicts, floods). Overall the positives and negatives are balanced.

Company Guidance

Management’s guidance was broadly conservative and operationally focused: the Board proposed a THB 15,581m total dividend (THB 0.62/share; interim THB 0.15 paid June 2025, proposed final THB 0.47) and reiterated a minimum ~50% payout policy (61.4% payout this year); major Malaysia/Cambodia CapEx is largely spent with spend expected to normalise by mid‑FY26; an IPO for the beer arm is not expected in FY26 given market conditions. They flagged favorable input‑cost tailwinds for FY26 (molasses ~30–35% lower YoY, resin ~60% of last year’s price, malt down another “two digits,” broken rice >20% lower, and easing aluminum/carton/label costs), will keep A&P trade‑focused and cautious (RTD breakeven ~1 year, single‑malt longer), expect Cambodian commercial production around Dec–Jan, and noted net gearing rose due to lower EBITDA despite lower absolute interest‑bearing debt; Myanmar spirits share ~72%.

Group Dividend and Payout

Board proposed total dividend THB 15,581 million (THB 0.62/share) representing a 61.4% payout ratio, including interim THB 0.15 and proposed final THB 0.47, maintained despite softer earnings.

Beer Business Profitability Surge

Beer sales revenue THB 123,222 million (-2.5% YoY) but net profit rose 24.6% YoY to THB 6,503 million, driven by lower raw material costs and improved production efficiencies; total sales volume +3.1%.

Favorable Raw Material Cost Outlook

Management expects materially lower input costs into FY26: molasses ~30–35% lower YoY, resin for packaging ~40% lower (now ~60% of prior price), malt down further by double digits, broken rice down >20%, and decreases in aluminum/carton/labels — supportive of improved gross margins.

Spirits International Strength and NPD

Spirits business international markets (including Myanmar) performed strongly; new product launches include single malt 'PRAKAAN' and RTD (RTD breakeven within ~1 year); Myanmar spirits market share ~72% with prior-year sales revenue growth >20%.

Operational Investments Nearing Completion (Cambodia/Malaysia)

Three Cambodian facilities nearing completion with commercial production targeted Dec–Jan and local production planned from January; majority of CapEx in Malaysia and Cambodia largely spent, expected CapEx to normalize mid-FY26.

NAB Core Category Market Share Gains

Management reports NAB secured and grew market share in core categories (drinking water and CSD) and is the only brand growing both categories, indicating resilience in key segments despite softer domestic demand.

Prudent Marketing and Cost Discipline

Management emphasizes cautious, trade-focused marketing spend across segments and intends to optimize A&P to improve bottom-line results in FY26.

Thai Beverage Public Co (TBVPF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TBVPF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 08, 2026	2026 (Q2)	<0.01 / -	0.008	―	―	―
Feb 12, 2026	2026 (Q1)	0.01 / 0.01	0.013	-2.13% (>-0.01)	―	―
Nov 25, 2025	2025 (Q4)	<0.01 / <0.01	0.015	-69.17% (-0.01)
Aug 14, 2025	2025 (Q3)	0.01 / 0.01	0.009	10.74% (<+0.01)	―	―
May 09, 2025	2025 (Q2)	<0.01 / <0.01	0.008	8.87% (<+0.01)
Feb 13, 2025	2025 (Q1)	0.02 / 0.01	0.014	-6.00% (>-0.01)	―	―
Nov 21, 2024	2024 (Q4)	<0.01 / 0.01	0.005	201.89% (+0.01)
Aug 08, 2024	2024 (Q3)	<0.01 / <0.01	0.01	-7.74% (>-0.01)	―	―
May 13, 2024	2024 (Q2)	<0.01 / <0.01	0.008	-8.49% (>-0.01)
Feb 13, 2024	2024 (Q1)	0.01 / 0.33	0.362	-8.44% (-0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TBVPF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2026	$0.34	$0.34	0.00%
Nov 25, 2025	$0.33	$0.34	+3.07%
Aug 14, 2025	$0.33	$0.33	0.00%
May 09, 2025	$0.37	$0.37	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Thai Beverage Public Co Ltd (TBVPF) report earnings?

Thai Beverage Public Co Ltd (TBVPF) is schdueled to report earning on May 08, 2026, After Close (Confirmed).

What is Thai Beverage Public Co Ltd (TBVPF) earnings time?

Thai Beverage Public Co Ltd (TBVPF) earnings time is at May 08, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TBVPF EPS forecast?

TBVPF EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.