Good Corporate Governance Rating
Excellent

Stock Price
Last Updated : 20 May 2026 16:24
SITHAI (THB)
1.01
Change(% Change)
-(-%)
Volume (Shares)
271,091
Bid Price / Volume (Shares)
1.01 / 185,900
Day's Range
1.01 - 1.02
Open
1.02
Prior
1.01
52 Weeks' Range
0.97 - 1.18
Summary of Operating Results of the Group
In Q1/2026, the Group reported total sales revenue of Baht 1,882 million.
- • Compared with Q1/2025, sales increased by 3.3%, driven by beverage packaging products from both domestic operations and the subsidiaries in Vietnam, supported by new products launches, customer base expansion, and growth in the bottled water market in Vietnam. In addition, the domestic subsidiary’s automotive parts segment recorded higher purchase orders supported by demand related to upcoming new product launches.
- • Compared with Q4/2025, sales decreased by 3.4%, mainly due to lower household products sales across domestic and overseas operations, as Q4/2025 had benefited from major grand sales events in Thailand and Vietnam, together with special export orders from the subsidiary in Vietnam.
In Q1/2026, the Group reported EBITDA of Baht 279 million, with and EBITDA margin of 14.8%
- • Compared with Q1/2025, EBITDA increased by 21.3%, from an EBITDA margin of 12.6%. The improvement was mainly driven by the industrial products segment, supported by higher sales volume, which led to improved capacity utilization. In addition, raw material prices during the first two months of the quarter remained lower than the same period last year. However, due to unrest in the Middle East, raw material prices began to rise tremendously and transportation costs started to increase in March. These factors did not have a material impact on the Company’s operating performance in this quarter, as the Company closely monitored the situation as well as managed raw material procurement, suppliers, and customer relationships.
- • Compared with Q4/2025, EBITDA remained at a similar level. However, the EBITDA margin increased from 14.4%, despite lower revenue, supported by higher capacity utilization as well as effective cost and expense control. These factors contributed to improvements in gross profit and operating profit, thereby supporting the increase in the EBITDA margin.
In Q1/2026, the Group reported net profit of Baht 112 million, representing a net profit margin of 6.0%, increasing by 93.1% and 62.3% compared with Q1/2025 and Q4/2025, respectively. This net profit included the recognition of an impairment loss on goodwill of Baht 5 million, and a gain on asset disposal of Baht 1 million.
In Q1/2026, net profit attributable to the Company’s shareholders amounted to Baht 103 million, representing an increase of 68.9% from Baht 61 million in Q1/2025 and an increase of 56.1% from Baht 66 million in Q4/2025. Earnings per share were Baht 0.04, increasing from Baht 0.02 per share in Q1/2025 and Baht 0.03 per share in Q4/2025, respectively.

