Mitihoon – October 28, 2025 – SCGD announced third-quarter operating results with net profit of 305 million Baht, representing a 37% increase compared to the previous quarter and marking the best performance since listed in Stock Exchange of Thailand. The Company has positioned PRIME Vietnam as its regional production and export hub across ASEAN while improving production efficiency, managing costs, and developing HVA products and New Growth business in Thailand to respond to consumers across all lifestyles.
Mr. Numpol Malichai, Chief Executive Officer and President of SCG Decor Public Company Limited (SCGD), a leading Decorative Surface, and Bathroom business in ASEAN region, stated that the Company’s third-quarter 2025 performance showed EBITDA of 902 million Baht, improving 12% from the previous quarter and 18% from the same period last year. Net profit reached 305 million Baht, up 37% from the previous quarter and 61% from the same period last year, with EBITDA on sales was 16% and Net Profit margin was 5.3%. When excluding non-recurring items, the Company still maintained its best profitability through intensive strategic execution and continuous efficiency improvement initiatives. For 9M 2025, the company achieved EBITDA of 2,513 million Baht and net profit of 744 million Baht.
Despite ongoing challenges of the overall decorative surface and construction materials market due to economic conditions and intense competition, SCGD has maintained strong competitiveness through efficient cost management and focused on developing HVA and New Growth business that create added value for the business while meeting modern consumer demands. Simultaneously, the Company continues expanding production capacity overseas, particularly in Vietnam, which serves as the main production and export base for ASEAN region to accommodate recovering construction materials demand domestically and increasing global market expansion. The Company remains confident in strengthening its position and enhancing long-term competitiveness through its 4×4 strategy as follows:
- Elevating PRIME Vietnam as the Region’s primary Production and Export Base: The Company manage and control production costs against those of world-class players and leverage this cost advantage to expand export markets. In Q3, PRIME exports a total of 2.2 million square meters tile, a 47% increase from the same period last year.
- Increasing Glazed Porcelain Tile Production Capacity and Sales: To meet growing market demand, the Company expanded glazed porcelain tile production capacity at PRIME to accommodate increasing demand for high-quality decorative surface in both Vietnam and export markets. Q3 sales of glazed porcelain tiles from PRIME exceeded 3.6 million square meters, driven by consumer preferences for beautiful, durable, and easy-to-maintain materials while leveraging globally competitive production costs.
- Accelerating Expansion of New Growth Product Portfolio in Thailand: This creates growth opportunities for Complementary product and New Growth business, leveraging strong procurement capabilities. In Q3, this segment grew 50% from the same period last year.
- Penetrating Markets to Increase Sales Across All Segments Through High Value-Added (HVA) Products: HVA products accounted for over 41% of sales revenue, reaching all lifestyles and meeting the needs of health-conscious, environmentally aware younger generations seeking for quality products with attractive designs and valuable function. Decorative Surface products include Hygienic tiles, anti-microbial decorative surface for wall that is breathable and can absorb unpleasant odor (Flowel Pure TECH by COTTO) – an innovative wall surface material from Japan that absorbs harmful volatile substances and balances air humidity. Sanitary ware products include the automatic DUACT-TAP & GO toilet that serves all family members, saves water with only 4.5 liters per flush, uses batteries instead of plugging in; and Xquisia faucet from COTTO with luxurious design and modern functions, both guaranteed by international product design excellence awards. Additionally, eco-friendly sanitary ware uses natural coating materials from eggshells and shells that help reduce greenhouse gas emissions and Tile that reduce CO2 emissions throughout the production process.
The company also offers products for mid- to mass-market segments with good quality at affordable prices.
For another Four profitability enhancement strategies, the Company reduce energy costs through increased usage of biomass fuel and solar power. Solar cell electricity usage increased to 13.6%, up 5.5 megawatts from the previous quarter, reducing costs by 22 million Baht annually. Biomass fuel usage reached 23.5%, up 1.5% from the previous quarter, reducing costs by an additional 15 million Baht annually. The Company negotiated raw material cost reductions of over 21 million Baht and focus on Regional Optimization for example, exporting tiles from PRIME to the Philippines market saves cost at 25% compared to tiles produced in the Philippines. The Company also reduced administrative costs through continuous working capital reduction by controlling inventory and managing account receivables, saving 29 million Baht annually, and reduced financial costs by 33 million Baht annually through refinancing existing loans and partial debt repayment.
Mr. Sitichai Sukkitprasert, Chief Finance Officer of SCG Decor Public Company Limited (SCGD), stated that during the first nine months of 2025, the company successfully expanded its sanitary ware business internationally, increasing distributors to 181 with overseas sanitary ware sales of 372 million Baht. After starting domestic SPC (Stone Plastic Composite) product sales from local factories instead of imports, the Company gained cost advantages including delivery costs, resulting in sales volume of 876,000 square meters during the first nine months, a 47% increase from the same period last year. For the expansion of Complementary businesses in ASEAN, SCGD realized 312 million Baht, up 17% from the same period last year.
The company has total assets of 37,064 million Baht and continues its financial strength with a net debt to EBITDA ratio of 1.3 times, down from the previous quarter, and a net debt to equity ratio of 0.2 times, positioning the company for long-term growth while maintaining prudent capital management and spending aligned with future growth plans.
ติดตามช่องทางมิติหุ้นเพื่อรับข่าวสารตลาดทุนได้ตามลิงค์ด้านล่าง
Web : https://www.mitihoon.com/
Facebook : https://www.facebook.com/mitihoon
Youtube : https://www.youtube.com/@mitihoonofficial7770
Tiktok : www.tiktok.com/@mitihoon
