SCGP Nine-Month Profit Jumps 106% to 5.9 Billion Baht
The user wants a short summary (1-2 sentences, 120-220 characters, max 240) for a news deck. The article is about SCGP's nine-month profit jumping 106% to 5.9 billion baht. Key points: revenue flat at 94.3B baht, EBITDA up 25%, net profit u
SCGP disclosed that consolidated revenue for the first nine months of 2026 amounted to 94,326 million baht, flat year-on-year, with EBITDA rising 25 percent to 15,819 million baht and net profit jumping 106 percent to 5,896 million baht. Third-quarter revenue grew 7 percent to 32,577 million baht, EBITDA climbed 29 percent to 5,357 million baht, and net profit more than doubled to 2,026 million baht, driven by a rebound in consumer demand and continued profitability in Indonesia despite higher raw-material and energy costs.
CEO Wichan Jitpakdi noted that packaging demand in early 2026 softened during holiday periods in Vietnam and Indonesia before recovering in the second quarter and normalising in the third. ASEAN consumption of daily-use goods remains strong, though Middle East tensions, energy prices, and inflation have made consumers more cautious. SCGP has countered by improving cost efficiency, leveraging a customer base in essential industries, raising Indonesian selling prices in line with the region, and optimising its regional supply chain.
For the fourth quarter, demand is expected to stay firm on production for year-end, Chinese New Year, Vietnam's Tet, and Indonesia's Hari Raya festivals. Raw-material and energy costs remain high but have stabilised, aiding planning. However, household debt, inflation, and lingering uncertainty may still curb spending. SCGP continues to strengthen its ASEAN footprint through investment and capacity management, having added 26,800 tonnes of corrugated packaging capacity in southern Vietnam and investing in a 400,000-tonne-per-year paper mill in Kanchanaburi to supply gypsum liner and high-quality containerboard for regional growth.
