Sri Trang Group swung to a net profit attributable to shareholders of THB 895.0 million for the quarter ended Jun 30, 2026, reversing a THB 786.8 million loss a year earlier as gross margins at both its natural-rubber and glove divisions hit multi-year highs.
Total revenue edged up 0.5 % year-on-year (YoY) to THB 31,003.8 million. The board declared an interim dividend of THB 0.50 per share, with an ex-dividend date of 27 Aug 2026 and payment slated for 11 Sep 2026. Group gross margin widened to 12.0 % from 4.4 % a year ago, lifting the net profit margin to 2.9 % versus a negative 2.6 % previously. Six-month net profit reached THB 1,540.4 million, compared with a THB 98.1 million loss in the prior-year period.
Natural rubber remained the main contributor, generating THB 24,883.3 million, or 80 % of group revenue. The segment’s average selling price (ASP) climbed 12.3 % YoY, offsetting an 10.9 % decline in volume to 354,210 tons, and pushed its gross margin to a seven-quarter high of 9.3 %. The glove business produced THB 6,104.1 million in sales, up 2.2 % YoY, as the company lifted US-dollar ASP by 13.8 % to USD 22.36 per 1,000 pieces. The unit’s gross margin improved to 17.0 %, the best in four years, despite a 5.9 % contraction in volume to 8.55 billion pieces and a lower utilisation rate of 77.6 %.
Group EBITDA surged 340 % YoY to THB 2,846.5 million, aided by cost pass-throughs, customer restocking and a 21.8 % reduction in finance costs following debt repayments. Nevertheless, utilisation at natural-rubber plants slipped to 50.5 % from 53.0 % a year earlier, reflecting seasonal wintering and ongoing shifts by some farmers to oil-palm cultivation.
Sri Trang is pressing ahead with several strategic programmes. Under its “Empowering AI” agenda, more than 200 digital and automation projects are under way, including the in-house “Sri Trang AI Machine” to optimise drying lines at rubber plants and future glove facilities. On the sustainability front, the “Sri Trang Go Green” initiative entered its second year with mangrove planting, seagrass restoration and coastal cleanup campaigns, supporting the group’s target to cut Scope 1 and 2 greenhouse-gas intensity by 10 % from 2021 levels by 2026 and to reach net-zero emissions by 2050.
Looking to the third quarter, management expects natural-rubber prices to soften from second-quarter peaks as customer restocking normalises and Thai output rises post-rainy season. Key variables being monitored include Middle East geopolitical tensions, oil-price movements, EU deforestation regulations and potential El Niño impacts on supply.