Sri Trang Agro-Industry Public Company Limited (STA) reported a consolidated net loss attributable to shareholders of THB1.27 billion for the year ended 31 Dec 2025, reversing from a THB1.67 billion profit a year earlier. Management cited weaker glove prices, flood-related asset write-downs and higher impairment charges as the main factors behind the year-on-year downturn.

Basic loss per share came in at THB0.82, compared with earnings per share of THB1.09 in FY24. The board has proposed a final cash dividend of THB0.50 per share, equivalent to roughly THB768 million, pending approval at the annual general meeting scheduled for the second quarter of 2026. During 2025 the company paid THB1.00 per share, or THB1.54 billion, in respect of FY24 earnings.

By segment, the natural rubber division generated THB96.62 billion in revenue and posted a pre-tax loss of THB994 million, versus a THB1.94 billion profit in FY24. The glove business recorded THB23.79 billion in revenue and a pre-tax loss of THB176 million, down from a THB606 million profit a year earlier as average selling prices softened. The “other” businesses—including plantations, engineering services and logistics—contributed THB3.65 billion in revenue and THB233 million in pre-tax earnings. Inter-segment eliminations amounted to a THB977 million loss.

Operating performance was weighed by THB497 million in flood-related asset and cleanup costs along with a THB277 million impairment charge on certain machinery and construction-in-progress. Selling and distribution expenses eased 14% YoY to THB4.90 billion, but administrative costs rose 47% to THB3.32 billion, reflecting the exceptional items.

To bolster liquidity, STA raised THB3.65 billion through new debentures in February 2025 and drew THB3.23 billion in fresh bank loans. Net debt fell, trimming the group’s net debt-to-equity ratio to 0.56 times at year-end, from 0.67 times in 2024.

Looking ahead, STA will ask shareholders to endorse the proposed THB0.50 per share dividend. The company also noted that it is assessing insurance claims linked to the late-2025 flooding of certain Songkhla facilities while continuing investments in production efficiency and sustainability-linked financing.