Listed firms see profits rise but sales decline

Profits of MAI-listed firms decline by 59%

- NUNTAWUN POLKUAMDEE

Thai listed companies reported a mixed earnings picture for the first quarter of 2025, with overall net profits rising on the back of a strong performance in consumption and services-related sectors, while overall sales and operating profits declined due to pressure from falling oil prices and sluggish energy demand.

According to the Stock Exchange of Thailand (SET), 812 of 829 listed companies, representing 97.9% of those required to report, have submitted their first-quarter financial statements. Of these, 605 companies, or 74.5%, recorded a net profit.

SET-listed firms generated total sales of 4.18 trillion baht (US$123 billion) during the January-March period, a 3.6% year-on-year drop. Production costs and selling, general and administrative (SG&A) expenses declined by 3% and 1%, respectively.