BBGI : BBGI PUBLIC COMPANY LIMITED
3M/2025 (Jan - Mar 2025)
Business Overview

The company operates as a holding company with investments in other companies engaged in the following businesses: 1) Core business: Production and distribution of biofuel products, including ethanol and biodiesel, and 2) High-value bioproducts related to healthcare and wellness products using advanced technology.

Financial Statement
3M25 3M24 2024 2023
Income Statement (MB)
Revenues 5,391.93 4,968.23 22,282.63 13,874.47
Expenses 5,211.98 4,801.11 21,850.64 13,665.53
Net Profit (Loss) 128.53 119.84 215.07 9.87
Balance Sheet (MB)
Assets 13,343.29 15,243.92 13,728.46 13,635.13
Liabilities 3,982.92 5,172.71 4,368.13 3,698.62
Shareholders' Equity 9,303.97 9,509.43 9,303.35 9,397.08
Cash Flow (MB)
Operating 624.53 -726.99 -25.82 815.77
Investing -94.50 -217.76 -1,272.47 648.85
Financing -446.82 516.28 -415.55 -618.51
Financial Ratio
EPS (Baht) 0.09 0.08 0.15 0.01
GP Margin (%) 5.19 4.82 3.53 3.21
NP Margin (%) 2.37 2.86 1.51 0.72
D/E Ratio (x) 0.43 0.51 0.47 0.37
ROE (%) 2.38 1.67 2.30 0.10
ROA (%) 3.07 2.44 3.16 1.43
Business Plan

The company's core business is the production and distribution of biodiesel and ethanol, along with a commitment to expanding into high-value bio-based products to respond to new consumer trends and create sustainable long-term growth. The main business strategies are as follows:

  1. Maintaining leadership in the industry
  2. Continuous and reliable product delivery
  3. Maintaining product quality standards
  4. Stable and quality raw material procurement throughout the year
  5. Efficient logistics cost management
  6. Expanding into the High Value Bio-Based Products business.
Sustainable Development Plan

The company remains committed to sustainable growth by adhering to ESG principles and integrating SDGs into business strategies throughout the value chain, along with setting clear plans and targets in each dimension as follows:

  • Environmental Aspects: Implement a greenhouse gas reduction plan to achieve Carbon Neutrality by 2030, focusing on renewable energy and energy efficiency, along with applying for ISO 14001:2015 certification.
  • Social Aspects: Implement the "Waste to Wealth" project, promoting the use of soil amendments from the ethanol production process in the agricultural sector, enhancing income and employment in communities.
  • Governance Aspects: Adhere to good corporate governance principles, certified and ranked by various agencies such as TRIS Rating (A), CAC, CGR 5 stars, SET ESG Rating at AA level, and selected as a sustainable stock, reflecting the commitment to transparent and sustainable business operations in the long term.
Business Highlight

Pay annual dividend for the year 2024 at the rate of 0.10 baht per share.

The Annual General Meeting of Shareholders of BBGI Public Company Limited held on April 4, 2025, resolved to allocate net profit for the year 2024 to legal reserves amounting to 10,754,000 baht, representing 5% of the net profit from the separate financial statements, and approved the payment of dividends for the year 2024 at a rate of 0.10 baht per share, totaling approximately 144,600,000 baht, with the dividend payment date scheduled for April 30, 2025.

Performance and Analysis
Business Performance Summary

1Q2025 Operating Results Total revenue from sales was 5,387 million baht, an increase of 9% YoY and a decrease of -19% QoQ. Net profit attributable to the parent company was 129 million baht, representing earnings of 0.09 baht per share.

(Further information in Management's Discussion and Analysis or MD&A for Q1/2025 as detailed in the announcement to the Stock Exchange of Thailand.)

Key Milestones
  • BBGI Firmbox Bio Co., Ltd. (BBFB), a high-value bioproduct manufacturing plant utilizing precision fermentation technology. Currently, the project is under construction with 90% progress (as of April 2025).


Risk Management Policy

The companies has an enterprise-wide risk management policy based on the principles of Good Corporate Governance. The board of directors, executives, employees, and related parties participate in a systematic risk management process, covering all operational steps. This is integrated with information technology management to prevent and mitigate the impact of risks, as well as to increase opportunities for success. The Risk Management and Corporate Governance Committee, along with the management team, are responsible for monitoring, reviewing, and evaluating risk management appropriately and continuously.

Recent Awards and Recognitions
  • Certified as a member of the Collective Action Coalition Against Corruption (CAC).
  • Certified with the global sustainability and carbon reduction standard "ISCC EU Certificate" by the International Sustainability & Carbon Certification (ISCC) organization, according to the European Union's renewable energy requirements for the sustainable production of biodiesel biofuels.
  • Certified for the Environmental Management System for Industrial Plants (EMS-DIW) Level 2 by the Department of Industrial Works.
  • Received the Green Industry Award from the Ministry of Industry.
  • Certified. Environmental Management System Standard from UKAS, United Kingdom, and NAC, Thailand.
  • Certified ISO 45001: 2018 Occupational Health and Safety Management Systems Standard.
  • Received the Zero Accident Award from the Safety Promotion Institute of Thailand (SPI).


Revenue Structure
Biodiesel 72.66% Ethanol 27.29% Other 0.05%
Stock Information
SET / RESOURC / ENERG
Closing price BBGI SET index 9.00 5.00 1.00 1529.00 1371.67 1214.33 1057.00 1-4-24 8-7-24 3-10-24 3-1-25 31-3-25
as of 31/03/25 BBGI ENERG SET
P/E (X) 23.26 11.85 15.78
P/BV (X) 0.54 0.88 1.10
Dividend yield (%) 2.89 5.43 4.37
31/03/25 30/12/24 28/12/23
Market Cap (MB) 5,003.16 6,449.16 6,015.36
Price (B/Share) 3.46 4.46 4.16
P/E (X) 23.26 28.50 -
P/BV (X) 0.54 0.68 0.64
CG Report:
Company Rating:
TRIS Rating : A "Stable"
Major Shareholders
as of 04/03/2025
บริษัท บางจาก คอร์ปอเรชั่น จำกัด(มหาชน) (45.00%)
บริษัท น้ำตาลขอนแก่น จำกัด (มหาชน) (30.00%)
บริษัท แสนสิริ จำกัด (มหาชน) โดย บริษัทหลักทรัพย์จัดการกองทุน เอ็กซ์สปริง จำกัด (1.03%)
MR. PERAJED SUWANNAPASRI (1.00%)
กองทุนรวม วายุภักษ์หนึ่ง (0.91%)
Others (22.06%)
Company Information and Contact
https://www.bbgigroup.com/
0-2335-8814
2098 M Tower Building, 5th Floor, Sukhumvit Road, Phra Khanong Tai, Phra Khanong Bangkok 10260
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