The year 2025 was another year in which the global economy faced heightened volatility and uncertainty. These conditions were largely driven by ongoing geopolitical and geoeconomic tensions across several regions of the world. Structural shifts in global trade, the implementation of tariff measures and international trade policies, as well as the rebalancing of global supply chains, have all significantly influenced the economic and investment outlook of many countries.
At the same time, the world is facing increasingly severe climate challenges, which have had direct impacts on the agricultural sector, food security, and the sustainability of natural resources. For Thailand, the effects of natural disasters, together with prolonged tensions along border areas, have created additional pressure on local economies and households across the country.
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Mr. Anant Tangtongwechakit Chief Executive Director and Managing Director |
Assoc. Prof. Dr. Schitt Laowattana Chairman of the Board of Director |
Amid this rapidly changing global economic landscape, the sugar industry continues to play an important role in the global agricultural economy and food supply chain. It serves not only as a source of bioenergy and a key raw material for the food industry, but also as an economic foundation for the agricultural sector in many countries.
Over the past year, the global sugar market faced pressure from increased supply in major sugar-producing countries, including Brazil, India, and Thailand. Favorable weather conditions for cultivation led to a significant increase in sugarcane and sugar production, resulting in a decline in global sugar prices of approximately 18 percent compared with the previous year. At the same time, the appreciation of the Thai Baht affected export revenues of operators in the industry. Amid these challenges, the Company has continued to conduct its business with prudence and disciplined management. The Company has also focused on strengthening its long-term organizational capabilities through the development of innovation, the adoption of modern technologies, and the enhancement of efficiency in production processes and management practices, in order to improve the Company’s competitiveness in the global market.
At the core of the Company’s business operations is the commitment to strengthening the ecosystem of the sugarcane and sugar industry, particularly through enhancing the capabilities of sugarcane farmers, who are key partners in the Company’s value chain. The Company actively promotes the adoption of knowledge, technology, and modern agricultural management practices to improve crop quality, increase production efficiency, and foster long-term sustainability within the country’s agricultural sector. This commitment is reflected in the Company’s achievements across several dimensions. These include the quality of sugarcane supplied to the Company’s mills, with sugarcane sweetness levels ranked among the top 10 in Thailand. In addition, the Company has received the Level 3 Green Industry Certification (Green System), as well as the CSR-DIW Award 2025 from the Department of Industrial Works, Ministry of Industry, awarded to Buriram Sugar Factory Co., Ltd. (BSF). These recognitions affirm the Company’s business standards that prioritize environmental stewardship, social responsibility, and sustainable development.
The Company upholds the concept of “Sugar Made in the Field” as a key principle guiding its organizational development. The Company believes that the sustainability of the industry can be achieved through strengthening the upstream segment of the production value chain. This includes enhancing the capabilities of farmers, ensuring efficient resource management, and creating a balance among economic growth, environmental stewardship, and social responsibility.
In 2025, the Company recorded total sugarcane crushing volume of 2.19 million tons, representing a decrease of 7 percent from the previous year. Nevertheless, the Company was able to procure fresh sugarcane at a proportion as high as 98 percent, which is significantly higher than the government’s target threshold of approximately 75 percent. This reflects the Company’s success in promoting the production of high-quality sugarcane, while reducing cane burning and contributing meaningfully to the mitigation of PM2.5 particulate pollution in the agricultural sector. In terms of financial performance, the Company reported total revenue of Baht 6,166.55 million and net profit of Baht 266.43 million, both of which declined from the previous year. This was mainly attributable to the decrease in global sugar prices, exchange rate volatility resulting from the appreciation of the Thai Baht, and the lower volume of raw materials entering the production process.
Despite these challenges, the Company has been able to maintain its financial stability and corporate credibility on a continuous basis. The Company has received a “BBB-” credit rating with a “Stable” outlook from TRIS Rating Co., Ltd.. In addition, the Company has achieved an “Excellent” Corporate Governance Scoring in the Corporate Governance Report for the eighth consecutive year from the Thai Institute of Directors Association. These recognitions reflect the Company’s strong commitment to conducting its business in accordance with good corporate governance principles and international standards.
Looking ahead to 2026, the global economy is expected to continue facing uncertainties from several factors, including geopolitical tensions, interest rate trends in major economies, and the slowdown of the global economy, all of which may affect global trade and demand in international markets. Nevertheless, the Company remains confident that its ability to adapt, disciplined management, and continued investment in technology and innovation will be key factors in strengthening the organization and supporting its long-term resilience.
For more than 60 years, the Company has remained committed to the principle of creating sustainable value. The Company firmly believes that organizational success can only be achieved when all stakeholders grow and move forward together, including sugarcane farmers, local communities, business partners, shareholders, and society as a whole. Under its vision to strengthen production security, improve the quality of life of farmers, and develop its sugar business, renewable energy, and related businesses in a sustainable manner, the Company will continue to pursue balanced growth across economic, environmental, and social dimensions. In doing so, the Company aims to contribute to the country’s economic development and to global food security.
On behalf of the Board of Directors, the management team, and all employees, we would like to express my sincere appreciation to sugarcane farmers, shareholders, customers, business partners, and all stakeholders for their continued trust and support. Your confidence is an important driving force that enables the Company to overcome challenges. The company will adhere to the principle of Environment, Social, and Governance (ESG) business practice in accordance with UNSDG in order to create opportunities for their people and their business to move forward in building stable and sustainable growth in the future.