Taokaenoi Food FY net income 409.4M baht

Taokaenoi Food FY net income 409.4M baht

Taokaenoi Food Reports FY Net Income of 836 Million Baht, Faces Profit Margins Pressure

Taokaenoi Food & Marketing Public Company Limited (TKN.BK) reported a net income of 836 million baht for the fiscal year ending December 31, 2024, according to its financial highlights. This figure reflects a decline from the 1,095 million baht gross profit reported in the same period, as revenue from sales reached 5,712 million baht. However, the company's financial performance showed signs of strain in subsequent quarters.

For the quarter ending September 30, 2024, net profit fell to 698 million baht, with revenue dropping to 4,243 million baht. By the following quarter (September 30, 2025), net income further declined to 297 million baht, despite a marginal increase in revenue to 3,932 million baht. This trend coincided with a contraction in gross profit margins, which fell from 35% to 28% in the subsequent quarter.

The company's balance sheet revealed mixed trends. Total assets grew to 4,004 million baht by September 30, 2025, up from 3,495 million baht as of December 31, 2024. However, liabilities surged to 1,921 million baht in the latest quarter, pushing the debt-to-equity ratio to 0.92 times, compared to 0.48 times at year-end 2024. Shareholders' equity declined to 2,083 million baht by September 2025, down from 2,357 million baht in December 2024.

Earnings per share (EPS) also reflected volatility, dropping from 0.61 baht to 0 baht. Analysts may attribute these challenges to shifting market dynamics, cost pressures, or competitive factors, though the company has not publicly detailed specific causes. Investors are likely to monitor upcoming reports for signs of stabilization in profitability and debt management.

(https://investor.taokaenoi.co.th/financial_highlights.html): Taokaenoi Food & Marketing Public Company Limited, Financial Highlights, investor.taokaenoi.co.th.