SCGD Reports Strong 2025 Performance amid global market volatility, posts EBITDA 3,351 million Baht and Profit 1,010 million Baht; Confident in Vietnam business Growth for 2026
January 27, 2026 – SCGD disclosed that EBITDA, excluding non-recurring items and foreign exchange impacts, rose +7% this year, meeting expected levels, while profits increased +15% from last year. This performance was achieved despite challenges through effective cost management. The Company is confident in Vietnam’s market potential and is moving forward with investments to expand production at the DAI LOC factory in central Vietnam to support future growth, while simultaneously expanding its portfolio of HVA (high value added) and SVP (smart value products), as well as new products in Thailand, responding to modern consumers’ needs across all lifestyles. The Company maintains a strong financial position and prepares to pay additional dividend of 0.19 baht per share, expressing care for shareholders during economic volatility.
Mr. Numpol Malichai, Chief Executive Officer and President of SCG Decor Public Company Limited (SCGD), the leading decor surface materials and bathroom business in ASEAN, stated that the operating results excluding non-recurring items for fiscal year 2025 showed EBITDA of 3,351 million Baht and profit for the year of 1,010 million Baht, increasing 3% and 11% respectively from last year. Revenue reached 22,676 million Baht, down 11% from last year. When excluding the impact of the stronger Thai baht, EBITDA and profit for the year would have improved 7% and 15% respectively from last year.
For the 4th quarter of 2025, compared to last year, EBITDA was 759 million Baht, improving 4%, with profit of 199 million Baht, up 12% despite an 11% revenue decline to 5,308 million Baht. Effective cost management and internal operations led to improved profitability despite facing pressure from challenging market conditions.
Throughout 2025, domestic real estate and construction sectors faced pressure from global market challenges and volatility. However, SCGD accelerated business restructuring alongside efficient cost management, resulting in clearly improved profitability. Simultaneously, SCGD adjusted its strategy to align with market conditions and consumer demands, driving the business under 3 main strategies to strengthen competitiveness and long-term growth.
First, positioning Vietnam as a strategic growth pillar, elevating Vietnam as a key manufacturing and export base for the region. PRIME GROUP serves as growth driver supporting the growth of decor surface in ASEAN and global markets. PRIME achieved its highest glazed porcelain (GP) tile sales volume in 2025 at over 13.5 million square meters. SCGD has recently invested in expanding production capacity by an additional 6.6 million square meters at the DAI LOC factory in central Vietnam to meet rising demand for glazed porcelain tiles in domestic and export markets. The project is expected to complete by late 2026, bringing PRIME’s total glazed porcelain production capacity to 25.6 million square meters, representing 32% of total production capacity, with a target to expand to 45 million square meters by 2030. Beyond competitive production capabilities and costs, PRIME is increasing sales opportunities through functional products that precisely meet consumer needs, environmental certifications, and internationally recognized brands.
Second, maintaining market leadership in decor surface and bathroom businesses in Thailand through new product offerings and development of products that serve all lifestyles, covering younger generations, health-conscious groups, and environmentally aware consumers, as well as demand for high-quality products with attractive designs and valuable functions. In the 4th quarter, HVA products showed continued growth, accounting for 39% of revenue, while SVP represented 16% of revenue. The Company is pursuing 3 approaches: introducing new products to market to create portfolio diversity and meet market demands, with new product sales exceeding 800 million Baht in fiscal year 2025, growing 47% year-over-year; continuously developing HVA such as COTTO’s Wetguard+ innovation that enhances safety on wet floors and provides soft comfort when dry, as well as COTTO exterior tiles offering durability, slip resistance, sun resistance, chemical resistance, and easy maintenance for versatile use; and expanding SVP emphasizing value and functionality to comprehensively reach mass market customers, including products like Family tiles and Floor PRO.
Third, implementing competitiveness enhancement strategy. In 2025, SCGD focused on comprehensive cost management and operational efficiency improvement by reducing energy costs through increased use of biomass fuel and solar energy, achieving total cost savings of over 330 million Baht since 2020. In 2025, solar power accounted for 13.6% of electricity usage while biomass fuel increased to 23.5%. The Company also negotiated raw material cost reductions alongside the business restructuring to enhance operational efficiency in SCGD’s production base through automation technology such as in production design, Robotic arm in sanitary ware spray coating, and reduced administrative costs by continuously lowering working capital through inventory control and accounts receivable management. Simultaneously, the Company reduced financial costs through new loan agreements to repay existing debt and partial debt repayment, achieving savings of over 280 million Baht annually.
Mr. Sitichai Sukkitprasert, Chief Financial Officer of SCGD, stated that in 2025, the Company successfully expanded its bathroom business internationally, increasing distributors to 201 entities with overseas bathroom sales reaching 520 million Baht. The Company also leveraged its strong decor surface business to offer more diverse decor surface products to better meet customer needs. SPC (Stone Plastic Composite) achieved sales volume of 1.2 million square meters, increasing 55% compared to the same period last year, with further cost reductions by 20% from early 2025 and continue with cost reduction efforts. Complementary business sales for future ASEAN expansion increased 21% from last year.
SCGD’s financial position remains strong. Total assets were 36,588 million Baht; net debt to EBITDA ratio of 1.1 times, down from the previous quarter, and a net debt to equity ratio of 0.2 times, positioned for long-term growth with prudent capital management and spending aligned with future growth plans.
The Board of Directors has resolved to propose that the 2026 Annual General Meeting of Shareholders approve the payment of fiscal year 2025 dividends at 0.34 baht per share, consisting of interim dividends of 0.15 baht per share and remaining annual dividends of 0.19 baht per share, returning profits to shareholders during periods of economic volatility while building confidence that the business will continue to grow through strategic operations and strong financial position, Mr. Numpol concluded.
