Bangkok: SCGD has reported its third-quarter operating results, showcasing a significant profit of 305 million baht, marking a 37% increase from the previous quarter. This achievement represents the company's best performance since its debut on the Stock Exchange of Thailand. SCGD's success is attributed to its strategic operations in Vietnam, where PRIME Vietnam serves as a key production hub for exports across ASEAN. The company is focused on enhancing production efficiency and cost management, along with the development of High Value Added (HVA) products and new product lines in Thailand. Despite this success, SCGD expressed concerns over the strong appreciation of the baht and has urged the government to stabilize the currency.
According to Thai News Agency, Mr. Nampol Malichai, CEO and President of SCG Decor Public Company Limited (SCG Decor), highlighted that the third quarter of 2025 saw an EBITDA of 902 million baht, reflecting a 12% increase from the previous quarter and an 18% rise year on year. The profit of 305 million baht also marked a 61% increase year on year. The company's EBITDA on sales and net profit margins were recorded at 16% and 5.3% respectively. Excluding non-recurring impacts, SCGD maintained its highest profitability through aggressive strategies and adaptive measures. Over the first nine months of 2025, SCGD reported an EBITDA of 2,513 million baht and a profit of 744 million baht.
Despite ongoing challenges in the surface finishing and construction materials market due to economic conditions and competition, SCGD has maintained competitiveness through effective cost management and a focus on HVA product development. The company is expanding its production capacity in Vietnam to support domestic demand recovery and global expansion. SCGD is leveraging a 4x4 strategy to bolster long-term competitiveness.
The four strategies involve promoting PRIME Vietnam as the main production and export hub with cost-efficient tile production, increasing production and sales of Grace Porcelain tiles, expanding product portfolios in Thailand for sales growth, and penetrating markets with HVA products, which constitute over 41% of sales revenue. These strategies cater to various consumer preferences, including health and environmentally conscious products.
SCGD is also pursuing profit-enhancing strategies like reducing energy costs with increased biomass and solar power use, negotiating raw material cost reductions, and optimizing production efficiency through strategic exports. However, the company faces challenges from the baht's strength, which has impacted profits from overseas transactions by 10%. The strong baht also affects the global competitiveness of Thai products, prompting SCGD to urge governmental action for currency stability.
Mr. Sittichai Sukkitprasert, CFO of SCG Decor, reported international expansion in the sanitary ware business with increased distributors and successful overseas sales. The company also began domestic production of SPC decorative surface materials, reducing costs and increasing sales volume. SCGD's ASEAN sales for the first nine months of 2025 grew by 17% year on year.
SCGD maintains financial strength with total assets of 37,064 million baht and a net debt to EBITDA ratio of 1.3 times. The company is positioned for long-term growth through careful capital and expenditure management aligned with future growth plans.