SCGP Posts 128% Profit Surge on Strong ASEAN Packaging Demand
SCG Packaging's net profit jumped 128% in Q2 2025 as packaging demand rebounded across ASEAN, particularly in Vietnam and Indonesia, driven by rising consumer spending and government stimulus programs.
SCGP announced strong second-quarter 2025 results, with net profit surging 128 percent on the back of recovering packaging demand across ASEAN. CEO Wicharn Jitphakdi of SCG Packaging Public Company Limited attributed the rebound to improved consumer spending and exports in multiple ASEAN countries, notably Vietnam and Indonesia, combined with inventory buildups to hedge supply uncertainty and government economic stimulus programs across the region. Packaging demand for consumer goods and food products rose steadily as a result.
The company's Indonesian operations returned to profitability through higher domestic sales, efficient cost management, and energy structure optimization, while Vietnam continued to benefit from expanding domestic economic activity and consumption. Second-quarter revenue reached 32.454 billion baht, up 3 percent year-on-year and 11 percent quarter-on-quarter. EBITDA climbed 37 percent to 5.821 billion baht, and net profit hit 2.304 billion baht, up 128 percent from the same quarter last year and 47 percent from the first quarter.
The board approved an interim dividend of 0.40 baht per share, totaling 1.717 billion baht, with an ex-dividend date of August 4, 2025, and payment on August 19, 2025. The company expects continued packaging demand growth in the third quarter, supported by production for inventory builds extending from late Q3 into Q4 to meet export and domestic consumption needs in Vietnam, Indonesia, and Thailand. Energy cost and oil-price volatility are expected to ease, though the company will closely monitor international geopolitical tensions that could affect supply chains and operating costs.
SCGP is also advancing its ASEAN packaging expansion strategy, planning to invest 748 million baht to add 26,800 tons of annual corrugated box capacity in southern Vietnam to support long-term demand growth. The company is also boosting operational efficiency through AI technology, machine learning systems, and smart robotics in production to strengthen competitiveness and drive sustainable future growth.
