SCG Q2 Profit Surges 85% to 11.5 Billion Baht
SCG's second-quarter net profit jumped 85% to 11.5 billion baht, driven by stronger chemical margins and improved packaging operations in Indonesia, with the company projecting full-year revenue to exceed 516.9 billion baht.
Thai Cement Public Company Limited (SCG) reported robust second-quarter 2025 performance, with net profit of 11.535 billion baht, a surge of 85% from the previous quarter, according to CEO Tharmsak Sethakudom. The recovery was driven by improved margins in the chemicals business and better operational results from the packaging business (SCGP) in Indonesia. Second-quarter revenue reached 136.243 billion baht, up 10% year-on-year, bolstered by higher petrochemical product prices and increased sales volumes from SCGP and cement operations.
Adjusted cash EBITDA for the quarter came in at 27.984 billion baht, improving from both the previous quarter and year-on-year comparison, reflecting strong cost management and cash generation despite global economic volatility. For the first half of 2025, the company recorded net profit of 17.758 billion baht, down 4% year-on-year, but adjusted profit (excluding special items and inventory revaluation) reached 12.649 billion baht, up 8.196 billion baht from the prior year. Revenue for the period totaled 259.570 billion baht, up 4% from the same period last year.
The board approved an interim dividend of 3.50 baht per share, totaling 4.2 billion baht, with an ex-dividend date of August 5, 2025, and payment on August 21, 2025. SCG expects full-year 2025 revenue to exceed the prior year's 516.954 billion baht, supported by higher petrochemical prices and increased packaging sales. Adjusted cash EBITDA for the full year is projected at 54-55 billion baht, with first-half results already reaching 42.913 billion baht.
Despite headwinds from global economic uncertainty, geopolitical tensions in the Middle East, intense price competition, inflation, and volatile energy costs, the company remains confident in its ability to manage through aggressive strategy execution and efficient cost control. SCG expects clarity on its joint venture negotiations with PTT Global Chemical (PTTGC) for petrochemical business development by September 2025. For 2026, the company plans continued organizational transformation, accelerating ethane feedstock use in its Long Son Petrochemicals project in Vietnam, expanding business partnerships, managing ASEAN production facilities, restructuring management, and implementing robotics and AI technologies to enhance operational efficiency by year-end 2026.
