For the fiscal year 2024, Thaibev reported relatively strong results with revenue surpassing 340 billion baht (approximately $10 billion, or about 253 trillion VND). This marked a 2.2% increase from the previous year, primarily driven by growth in its beverage and food segments.
Thaibev’s net profit saw a modest rise of 0.6%, reaching over 35 billion baht (over 26 trillion VND). EBITDA climbed to nearly 62 billion baht, an increase of 4.5%, attributed to improved efficiency in the non-alcoholic beverage business.
 Source: Thaibev
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A closer look at the results reveals that the wine business experienced a decline in profits due to higher financial costs, taxes, and advertising expenses. In contrast, the beer segment posted significant growth in Thailand and Vietnam, with a 3.9% profit increase in both markets. The non-alcoholic beverage segment also reported revenue growth, while the food segment faced a setback due to elevated operating costs.
Source: Thaibev
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Notably, the Vietnamese market witnessed a second consecutive year of revenue decline, falling to over 60 billion baht from over 62 billion baht in the previous year. Nonetheless, this figure remains relatively high compared to the 2021 and 2020 fiscal years.
As the fiscal year came to a close, ThaiBev’s total assets stood at nearly 528 billion baht (approximately 393 trillion VND), a decrease of 14% from the beginning of the period. Interest-bearing debt rose to over 180 billion baht, an increase of 2.6%, with short-term debt amounting to more than 62 billion baht, a reduction of 13%.
ThaiBev, the parent company of Sabeco, acquired its stake in 2017 through Vietnam Beverage, which purchased nearly 344 million SAB shares at 320,000 VND per share following the government’s divestment. The transaction value totaled nearly 110 trillion VND (around $5 billion).
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