SCG EBITDA Surges 19%, Debt Cut by 42.6 Billion Baht
The user wants a short summary of the article about SCG's 9-month 2026 performance. I need to write 1-2 sentences, 120-220 characters, max 240. English only. Lead with what happened, then the single most important detail. Key facts: SCG's 9
Thammasak Srethasom, President and CEO of Siam Cement Public Company Limited (SCG), revealed that the company's nine-month performance for 2026 (January-September) faced headwinds from geopolitical conflicts, trade wars, volatile energy prices, and a slowing global economy. In response, SCG is accelerating business transformation while maintaining financial strength and enhancing competitiveness to support long-term growth.
For the first nine months of 2026, SCG posted Adjusted Cash EBITDA of 57,357 million baht, up 19% year-on-year. Net profit rose 13% to 20,143 million baht, while revenue from sales increased 3% to 382,236 million baht. Adjusted profit, excluding inventory valuation impacts and other adjustments, stood at 14,437 million baht, an increase of 8,831 million baht.
In the third quarter alone, Adjusted Cash EBITDA reached 14,444 million baht, net profit was 2,385 million baht, and revenue from sales totaled 122,666 million baht. Net debt declined by 42,656 million baht from the fourth quarter of 2025, with the net debt-to-EBITDA ratio falling continuously to 3.6 times. Cash on hand at quarter-end stood at 75,147 million baht.
In the chemicals business (SCGC), the company is integrating its olefins and polyolefins operations in Thailand with PTT Global Chemical (GC), targeting annual synergies of 150-200 million USD. SCGC aims to become one of the world's top 10 polyolefins producers, with the ROC plant restarting operations in mid-September 2026. Meanwhile, a project to increase ethane gas usage as feedstock at the LSP plant in Vietnam is expected to cut costs by over 250 million USD annually and complete by mid-2027.
The cement and building materials business is advancing its One CBM strategy, with cross-product sales up 22% from the previous year. It targets cost and expense reductions exceeding 1,000 million baht in 2026, alongside raising alternative fuel usage to 25-35%.
The packaging business (SCGP) aims to build on its recovery in Indonesia, improve production network efficiency, and expand markets in Vietnam and India. Deploying AI and robotics across ASEAN production bases is another key lever to reduce costs and elevate competitiveness.
For 2027, SCG will accelerate business transformation through restructuring and strategic projects, including the SCGC-GC collaboration, increased ethane usage at LSP, expansion of low-carbon cement platforms across ASEAN, and AI-robotics integration to bolster long-term resilience.
Additionally, SCG, the SCG Foundation, subsidiaries, and partners have joined flood relief efforts, providing food, drinking water, medicine, and essential supplies. SCGC's floating solar solutions have been adapted as flood shelters and walkways, while S.E.R.T. volunteer teams were deployed to affected areas, and construction material discounts were offered to ease repair costs.
