Sri Trang Agro-Industry Public Company Limited reported a swing to a net loss attributable to shareholders of THB 841.9 million for the quarter ended Sep 30, down from a profit of THB 517.3 million a year earlier, as lower natural-rubber prices and higher operating costs offset a modest contribution from its glove unit.

Revenue from sales of goods and services declined 32 per cent year-on-year to THB 21.57 billion. Basic loss per share was THB 0.55, compared with earnings of THB 0.34 a year ago.

For the nine months, revenue edged 7 per cent higher to THB 86.80 billion, but the group recorded a net loss of THB 940 million, versus a profit of THB 816 million in the prior-year period. Nine-month loss per share was THB 0.61, against earnings of THB 0.53 previously.

Segment performance in the third quarter showed a sharp reversal in the natural-rubber division, which booked a pre-tax loss of THB 893 million after a THB 545 million profit a year earlier. The glove segment posted a wider pre-tax loss of THB 252 million (Q3 FY24: THB 167 million loss), while the “others” segment, which includes plantation and trading activities, generated pre-tax profit of THB 24 million, down from THB 103 million.

Operating profit was further pressured by a 9 per cent rise in administrative expenses to THB 786 million and a 68 per cent jump in finance costs to THB 325 million, reflecting higher borrowing costs.

Looking ahead, the group is pressing on with several balance-sheet initiatives. During the quarter its 56-per-cent-owned subsidiary, Sri Trang Gloves (Thailand) Public Company Limited (STGT), launched a share-buy-back programme of up to 200 million shares (7.7 per cent of issued share capital) for a maximum outlay of THB 1.5 billion; 15.5 million shares had been repurchased by end-September. In addition, a domestic subsidiary secured THB 1.88 billion in new sustainability-linked loans to fund capacity upgrades, while the parent redeemed THB 4 billion of debentures and issued THB 3.65 billion in new notes to extend its debt profile.

Sri Trang paid a final dividend of THB 1.00 per share for FY24 in May 2025, unchanged from the previous year. No interim dividend for FY25 was declared.

Management said the near-term outlook remains challenging amid volatile latex prices and elevated freight costs. The company will focus on cost controls, optimisation of working capital—evidenced by a THB 14.6 billion quarter-on-quarter reduction in inventories—and disciplined capital expenditure to preserve liquidity.