The Group Company has comprehensive rubber businesses, covering the whole value chain of rubber and latex products, which are the rubber plantation in Thailand, The producer of latex concentrate and latex rubber, latex rubber thread, rubber gloves and latex bedding.
| 3M25 | 3M24 | 2024 | 2023 |
|---|
| Revenues | 2,136.68 | 1,847.30 | 7,722.52 | 6,652.67 |
| Expenses | 2,091.88 | 1,868.99 | 7,788.89 | 6,880.60 |
| Net Profit (Loss) | -13.25 | -54.51 | -219.95 | -362.24 |
| Assets | 8,312.29 | 8,731.85 | 8,876.04 | 8,762.06 |
| Liabilities | 4,903.79 | 5,224.25 | 5,451.87 | 5,175.87 |
| Shareholders' Equity | 2,844.34 | 2,979.43 | 2,857.21 | 3,034.53 |
| Operating | 497.68 | 61.62 | 21.82 | -118.01 |
| Investing | -5.50 | -34.17 | -92.41 | -276.86 |
| Financing | -521.77 | -43.73 | 12.66 | 43.49 |
| EPS (Baht) | -0.02 | -0.07 | -0.27 | -0.44 |
| GP Margin (%) | 7.85 | 5.09 | 5.55 | 3.50 |
| NP Margin (%) | -0.76 | -4.17 | -3.71 | -6.84 |
| D/E Ratio (x) | 1.44 | 1.49 | 1.59 | 1.44 |
| ROE (%) | -6.14 | -10.60 | -7.47 | -10.99 |
| ROA (%) | -0.01 | -2.24 | -0.87 | -2.56 |
In 2025, the Company continues to prioritize the sustainability of its supply chain by actively supporting rubber farmers through various initiatives. These include knowledge transfer programs, hands-on training, and on-site advisory visits aimed at improving product quality and increasing farmers’ incomes. Such efforts help ensure an efficient response to both domestic and international market demands over the long term. In particular, the Company places emphasis on educating and preparing farmers and small-scale suppliers to comply with the requirements of the EU Deforestation Regulation (EUDR), in order to maintain continued access to the European market.
TRUBB remains committed to advancing and driving its business toward sustainability in 2025, with a strong emphasis on responsible operations across three key pillars: Environmental, Social, and Governance (ESG). The company adheres to internationally recognized standards and practices to enhance its resilience and ensure stable and sustainable growth amidst a volatile business environment and numerous challenges. The sustainability efforts aim to create long-term value for the business while delivering benefits to all stakeholders. These efforts focus on minimizing environmental and social impacts, which form the foundation for responsible long-term growth.
In Q1/2025 a company, the Company delivered a total of 195.42 tons of EUDR-compliant rubber, including natural latex and pre-vulcanized latex, to its customers.
The company and its subsidiaries (“the Group Company”) reported that for the financial statements for the first quarter of 2025, the Group recorded a gross profit of baht 166.61 million, operating profit of baht 54.02 million. The net loss after tax was baht 16.17 million, which is net loss attributable to owner of the parent of baht 13.25 million. The Group's net loss decreased significantly compared to the same period in 2024, primarily due to an increase in revenue.
- The company has registered for the Carbon Footprint for Organization (CFO) for the year 2024 with the Thailand Greenhouse Gas Management Organization (Public Organization) or TGO.
- The company has registered more than 1,800 farms, totaling over 3,000 rai, in compliance with the European Union Deforestation Regulation (EUDR).
- The company has expanded its solar power system installations to two additional locations: the Chiang Rai factory and the Rayong factory. This brings the total number of solar panel installations to three, as part of the company's greenhouse gas reduction plan, which can reduce carbon emissions by approximately 30%.
The company recognizes the importance of risk management under change, both from internal and external factors, including the environment. Business operations are becoming more complex and rapidly changing, which may affect the company's operations. The Risk Management Committee has therefore established a risk management policy to serve as a framework and direction for risk management to enable the organization to move towards sustainable goals and success, as follows:
- The company defines a risk management framework and process that follows international standards to ensure effective enterprise risk management and aligns with the company's vision, mission, objectives, and strategies.
- The company stipulates that risk management is the responsibility of all departments, which must be aware of the risks involved in the operations of the departments for which they are responsible. They should prioritize managing various risks under systematic internal controls to ensure they are at an adequate and appropriate level.
- The company supports the allocation of resources and promotes various operations to enable risk management to operate, control, or mitigate risks to an acceptable level.
- Promote risk management operations until it becomes a key cultural aspect of the organization and consider risk management as part of normal operating procedures, including supporting training and disseminating knowledge about risk and risk management to personnel at all levels.
- Ensure that management and all departments implement the risk management system and process effectively and monitor and review risk events in accordance with the constantly changing internal and external environments. Management and employees at all levels must be aware of and prioritize risk management and must comply with the risk management policy to achieve the organization's main objectives and mission.
| as of 31/03/25 | TRUBB | AGRI | SET |
|---|---|---|---|
| P/E (X) | - | 8.84 | 15.78 |
| P/BV (X) | 0.20 | 0.70 | 1.10 |
| Dividend yield (%) | - | 6.64 | 4.37 |
| 31/03/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 564.27 | 825.95 | 1,054.93 |
| Price (B/Share) | 0.69 | 1.01 | 1.29 |
| P/E (X) | - | - | - |
| P/BV (X) | 0.20 | 0.29 | 0.33 |
