SCG Packaging Public Company Limited

SCG Packaging presented its most recent quarterly and annual financials on 27 January 2026, revealing a modest rebound in profitability after a challenging year for the packaging sector.

Quarterly Performance (Q4 2025)

  • Earnings per share (EPS) rose to 0.28 THB, a turnaround from ‑0.010 THB reported in the same period last year.
  • Revenue for the quarter amounted to 30.17 billion THB, down 3.40 % YoY from 31.23 billion THB.
  • The year‑to‑date EPS stands at 0.95 THB, up from 0.86 THB in 2024, underscoring a steady recovery in operating efficiency.
  • Full‑year sales fell 6.33 % to 124.37 billion THB, versus 132.78 billion THB in 2024, reflecting broader softness in the Thai industrial and consumer segments.

The quarterly earnings announcement was corroborated by an unaudited annual report filed on 27 January 2026, which confirms a net profit of 4,069 million THB and the same EPS figure of 0.95 THB.

Market Context

The Thai Stock Exchange (SET) finished the day at 1,338.90 points, marking a 0.33 % gain, buoyed by modest strength in industrial, resource, and service stocks. Despite a muted global outlook influenced by geopolitical concerns, the SET’s performance was tempered by weakness in food, consumer, and finance shares. Trading volume reached 6.79 billion shares (44.73 billion THB), indicating healthy liquidity.

Strategic Implications

SCG Packaging’s focus on environmentally friendly packaging—plastic, paper, and metal—positions it well as regulatory pressure on single‑use plastics intensifies. The company’s commitment to customized solutions across healthcare, electronics, and other sectors should help cushion it against cyclical demand swings.

The incremental EPS improvement suggests that cost‑control measures and efficiency gains are taking effect. However, the continued decline in top line revenue signals that the broader packaging market remains under pressure, likely due to commodity cost volatility and subdued industrial output.

Forward Outlook

  • Revenue growth is expected to remain modest until the Thai economy stabilises, but SCG Packaging’s diversification into high‑margin niche markets may offset headwinds.
  • Profitability should continue to improve as the company leverages scale and operational synergies.
  • Sustainability initiatives will likely drive long‑term value, aligning with global trends toward circular economies and reducing waste.

Investors should monitor the company’s quarterly updates closely, particularly its ability to translate cost savings into revenue growth and maintain its competitive edge in eco‑friendly packaging solutions.