Thai Wah Public Company Limited (TWPC) reported a remarkable turnaround in the first half of 2025, with net profit to the owner of the parent surging to THB 138 million, up 2,270% YoY, reversing from a net loss in the same period last year. Gross profit margin for the first half improved to 23%, up 7 % YoY, driven by effective cost and expense management. Revenue from the food business reached THB 1.28 billion, rising 13% YoY, with strong sales momentum in Vietnam. The Company plans to expand distribution channels targeting New Generation consumers and remains confident of continued growth throughout the year.
Mr. Ho Ren Hua, Chief Executive Officer of TWPC, stated that in Q2/2025, the Company recorded total sales revenue of THB 2.30 billion, down THB 90 million or 4% from THB 2.39 billion in the same period last year. Gross profit margin improved to 21%, up 8% YoY, and net profit to the owner of the parent reached THB 68 million, an increase of 213% from a net loss to the owner of the parent of THB 60 million in Q2/2024.
For the first six months of 2025, TWPC generated total sales revenue of THB 4.60 billion, down THB 417 million or 8% from THB 5.01 billion in the same period last year. Gross profit margin rose to 23%, up 7% YoY, and net profit to the owner of the parent totaled THB 138 million, an increase of 2,270% compared to a net profit to the owner of the parent totaled THB 6 million in 1H/2024.
The sustained performance improvement was underpinned by disciplined and efficient cost and expense management. While sales revenue from the Starch business declined due to lower market prices, sales volumes in this segment rose significantly beating the industry growth. The food business, continued to outperform, supported by effective marketing strategies, expanded customer base, and a diversified product portfolio spanning
export markets, and strong market penetration in Vietnam. These efforts enabled the food segment to achieve double-digit revenue growth.
“Looking ahead to the second half of the year, we expect the growth momentum to continue. The Company will maintain a strong focus on cost and expense management, control financial costs, and prioritize high-potential food businesses. We will also continue to develop new products, expand distribution channels, and reach new customer groups to capture growth opportunities in both domestic and international markets. These factors will be key drivers in sustaining TWPC’s strong and sustainable growth” Mr. Ho Ren Hua concluded.
Symbol: TWPC