operated core business is an importer, manufacturer and distributor of food ingredients and food additives used in food processing industry, including raw materials, ingredients and additives from sources around the world, as well as food ingredients and additives manufactured by the Company. The Company also imports and distributes consumer food products under the worlds leading brands such as seasoned laver, pasta, olive oil, fruit jams, juices, etc. Additionally, the Company acquired the subsidiary company which is an OEM business for skincare & cosmeceutical, makeup, food supplement, herbal product, and household product.
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 2,137.29 | 2,071.77 | 2,040.18 | 1,809.19 |
| Expenses | 1,998.05 | 1,913.07 | 1,982.06 | 1,665.31 |
| Net Profit (Loss) | 90.18 | 113.77 | 9.40 | 108.68 |
| Assets | 1,289.42 | 1,232.13 | 1,320.56 | 1,280.27 |
| Liabilities | 666.95 | 615.83 | 734.04 | 597.90 |
| Shareholders' Equity | 622.48 | 616.29 | 586.52 | 682.37 |
| Operating | 92.79 | 251.18 | -4.93 | 5.20 |
| Investing | -26.36 | -19.38 | -21.19 | -15.79 |
| Financing | -56.01 | -232.05 | 22.16 | 4.70 |
| EPS (Baht) | 0.15 | 0.19 | 0.02 | 0.18 |
| GP Margin (%) | 21.34 | 21.76 | 21.49 | 22.21 |
| NP Margin (%) | 4.22 | 5.49 | 0.46 | 6.01 |
| D/E Ratio (x) | 1.07 | 1.00 | 1.25 | 0.88 |
| ROE (%) | 14.56 | 18.92 | 1.48 | 16.70 |
| ROA (%) | 10.72 | 12.15 | 4.40 | 11.95 |
- Develop and secure new products that respond to customers’ diverse need
- Conduct research and development on food products under its own brand and tap into new markets as well as enhancing the Company’s information technology efficiency
- Expand customer base that covers clients across sectors in food industry
- Raise awareness of its subsidiary’s OEM business for cosmetic products and explore opportunity in expanding business network to ASEAN countries.
Winner Group Enterprise Public Company Limited is committed to and acknowledges the importance of sustainability development and management. The company has defined practice guidelines that take into account economic, social and environmental issues, covering respect for human rights and good corporate governance. The goals are to become a leading one-stop food company in all distribution channels and to set out the company's policies to be in line with all 17 Sustainable Development Goals: SDGs of the United Nations by 2032
On February 14, 2025, the Company accepted the transfer of the entire business from Aesthetic Zecret (AT-ZE) Company Limited which is a subsidiary of the Company that holds 100% of total issued shares. This transfer aimed at restructuring the group of companies to enhance efficiency and flexibility, reduce redundant activities, and lower operational costs and expenses.
Revenues:
For the year 2024, the Company and its subsidiary’s total revenue was Baht 2,137.29 million, increasing from the previous year amount of Baht 65.52 million or 3.2%. Revenues from sales and service were Baht 2,109.40 million, increasing from the previous year amount of Baht 64.13 million or 3.1%. This increase was mainly due to growth in the product groups of food ingredients such as cocoa powder, whipping cream, sugar, dried fruit & nuts and personal care ingredients, such as fatty acids.
Profit for the year:
The Company and its subsidiary’s profit for the year 2024 was Baht 90.18 million, decreasing from the same period of previous year amount of Baht 23.59 million or 20.7%. This was due to a decrease in gross profit and an increase in expenses, resulting in a net profit margin of 4.2%, a decrease of 1.3%.
EPS (Calculated from 599,974,662 ordinary shares.)
- Year 2024: 0.15 Baht
- Year 2023: 0.19 Baht
- 2013 - Listed in mai on 3 October 2013
- 2022 - Launched an Innovation Center with the primary purpose of providing technical services and advice to customers, as well as researching and developing new products under the Company's brand.
- 2024 - Installed a solar rooftop system at the Bang Pa-in factory.
- Risk from unstable price and quantity of processed agricultural products - The Company has mitigated this risk by asking suppliers to offer future price and maintain the selling price for three months. If the suppliers need to change the selling price, they need to notify the Company in advance. In addition, impact to the Company from global price volatility is diminished as a purchase of processed agricultural products, by nature, is a match between a purchasing order from a client and an offer from a supplier.
- Risk from foreign exchange volatility - The Company has entered foreign exchange forward contract to ensure a fixed cost of goods sold.
- Risk from changes in the government’s policy, rules, regulations, and relevant law - The Company has had distribution plans for product group and new products, analyzed product group, strictly put quality control measures in place and closely monitored the information update from relevant state agencies.
- 2021 - Asia's Outstanding Brands
- 2017-2022 - Ranked among ESG100 by Thaipat Institute
- 2022 - Outstanding Sustainability Model Organization in the Thai Capital Market for Supporting Persons with Disabilities of the year 2022
- 2018-2024 - Excellent CG Scoring or 5-star rating from Thai Institute of Directors Association
- 2018-2024 - Excellent AGM Assessments Program from Thai Investors Association
| as of 30/12/24 | WINNER | AGRO | mai |
|---|---|---|---|
| P/E (X) | 12.81 | 21.72 | 41.84 |
| P/BV (X) | 2.06 | 2.98 | 1.55 |
| Dividend yield (%) | 7.43 | 3.13 | 2.47 |
| 30/12/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 1,211.95 | 1,307.94 | 1,487.94 |
| Price (B/Share) | 2.02 | 2.18 | 2.48 |
| P/E (X) | 12.81 | 158.66 | 11.86 |
| P/BV (X) | 2.06 | 2.26 | 2.29 |
