Good Corporate Governance Rating

Excellent

Srithai Superware Pcl. attaches great importance to the disclosure of information with accuracy, completeness and in a timely manner. Such information is disclosed in accordance with the situation relating to financial information (such as financial circumstances, and performance) as well as non-financial information (such as shareholdings structure, Company governance, and other business-related information), in order to benefit all shareholders and outside persons. The Investor Relations Unit is assigned to be responsible for providing and disclosing such up-to-date information with accuracy and completeness, as well as for providing easy access via all communications channels arranged by the Company. Hence, investors and outsiders can effectively contact the Investor Relations Unit to inquire about such information in a convenient and speedy manner.

Stock Price

Last Updated : 13 Feb 2026 16:07

SITHAI (THB)

1.04

Change(% Change)

-(-%)

Volume (Shares)

90,201

Bid Price / Volume (Shares)

1.03 / 100,000

Day's Range

1.03 - 1.04

Open

1.04

Prior

1.04

52 Weeks' Range

1.01 - 1.38

Summary of Operating Results of the Group

For the year 2024, the Group recorded sales revenue of Baht 8,077 million, a decrease of Baht 473 million or 5.5% compared to the previous year. The decline was mainly due to the industrial products group, particularly the beverage packaging products of subsidiaries in Vietnam, as well as the household products group in both domestic and overseas operations. The overall economic slowdown, geopolitical conflicts, the U.S. Federal Reserve's interest rate adjustments, and high household debt levels in the country have contributed to lower consumer spending this year.

Despite the decline in sales revenue, the Group continued to maintain stable gross profit margin and operating profit margin through effective management and control of costs as well as selling and administrative expenses. This was achieved amidst uncertainties in raw material prices, exchange rate fluctuations, and rising labor costs.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2024 amounted to Baht 1,020 million, representing an EBITDA margin of 12.6%, slightly lower than the previous year’s EBITDA margin of 13.0%.

The net profit attributable to the Company’s shareholders was Baht 285 million, down from Baht 372 million in the previous year, a decrease of Baht 87 million or 23.4%. This includes a net write-off of deferred tax assets of Baht 48 million from unused tax losses. Earnings per share stood at 0.11 Baht, compared to 0.14 Baht in the previous year.

Operating results of Q4/2024 vs. Q4/2023

In Q4/2024, the Group recorded sales revenue of Baht 2,003 million, a slight decrease of Baht 80 million Baht or 3.8% compared with Q4/2023. The sales drop was primarily driven by the household products group in both domestic and overseas operations due to the economic slowdown, weaker purchasing power, and reduced consumer spending.

The gross profit for Q4/2024 was Baht 288 million, with a gross profit margin of 14.4%, down from 15.3% in the same quarter of the previous year. This was mainly due to the weaker performance of the domestic operation in household products group, which was affected by higher labor costs, and underutilized production capacity in the beverage packaging product of the overseas operations, apart from the decrease in sales proportion of high-margin products.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4/2024 amounted to Baht 228 million, representing an EBITDA margin of 11.4%, down from 14.0% in Q4/2023.

The Group’s net profit attributable to the Company’s shareholders for Q4/2024 was Baht 16 million, a decrease of Baht 89 million or 84.8% compared to Q4/2023. This decline was primarily due to lower total sales, increased labor costs compared to the previous year, and additional net write-offs of deferred tax assets.