Sri Trang Gloves (Thailand) Public Company Limited slipped to a THB 108.6 million net loss for the year ended Dec 31 2025, reversing from a THB 995.3 million profit a year earlier, after flooding-related expenses and asset-impairment charges more than offset steady gross margins.

Basic loss per share came in at THB 0.04, compared with earnings of THB 0.35 in FY24. The board has proposed a final cash dividend of THB 0.50 per share, matching the prior-year payout and representing a total distribution of about THB 1.39 billion, subject to shareholder approval at the April 2026 annual meeting and payable in the second quarter.

Group revenue from sales and services fell 4.4 per cent year-on-year to THB 23.89 billion. The core Gloves division generated THB 23.78 billion, down 4.1 per cent, while the engineering and investment units contributed THB 111 million, versus THB 217 million a year earlier. Pre-tax earnings turned negative across both operating segments: the Gloves arm recorded a THB 89 million loss versus a THB 753 million profit in FY24, and “Others” swung to a THB 145 million loss from a THB 317 million profit. Group pre-tax loss totalled THB 235.4 million, compared with a THB 1.08 billion profit the previous year.

Gross profit was broadly unchanged at THB 2.18 billion, but administrative expenses more than doubled to THB 1.54 billion. The spike reflected THB 424 million in write-offs and clean-up costs after floods hit two factories in Songkhla as well as THB 245 million of asset impairments and THB 117 million from a capital reduction at subsidiary Sri Trang Gloves Global. Net finance costs widened to THB 69.0 million, while foreign-exchange losses climbed to THB 194.3 million.

During the year the company initiated a share-buyback programme of up to THB 1.5 billion, repurchasing 74.8 million shares for THB 576.9 million by Dec 31. It also secured a THB 2 billion sustainability-linked loan, redeemed THB 550 million of green debentures due in September 2025 and continued to streamline its structure through an entire-business transfer and the dissolution of Sadao P.S. Rubber. Capital expenditure reached THB 875.8 million, focused on capacity expansion and automation, while approved but undrawn long-term credit lines stood at THB 1.62 billion at year-end.

Looking ahead, management is targeting improved operational efficiencies and further balance-sheet optimisation, underpinned by the ongoing share repurchase, the new sustainability-linked facility and insurance recoveries from the 2025 floods. Market conditions remain competitive, but the company expects demand for medical and industrial gloves to normalise as global inventories rebalance.