BG Container Glass Public Company Limited

B.G. Container Glass, or BGC, a leader in comprehensive packaging business under Bangkok Glass Group, announced its operating results for the second quarter of 2026, stating that the company generated sales revenue of 3,838 million baht, an increase of 13% from the previous year and 8% from the previous quarter. This brought the first six months' revenue to 7,407 million baht, up 3% from the same period last year, with a gross profit of 617 million baht, up 14% from the previous year and 8% from the previous quarter. Net profit stood at 63 million baht, up 8% from the previous year and 20% from the previous quarter. The business structure remains robust, with the glass packaging business as the core, generating revenue of 2,664 million baht, accounting for 69% of total revenue. Meanwhile, the trading business grew 89% from the previous year, with revenue of 237 million baht, and other packaging businesses generated revenue of 515 million baht. The second quarter of 2026 was the first quarter in which the company recognized the operating results of Bangkok Can Manufacturing, or BCM, for two months, with revenue of 461 million baht and gross profit of 70 million baht, or a gross profit margin of 15.2%. For the second half of the year, BGC expects continued growth in operating results from increased recognition of BCM revenue, coupled with growth in existing businesses. The company aims to implement an Operational Excellence strategy to enhance production efficiency and manage the product mix toward value-added products, as well as manage cost risks by locking in raw material prices and volumes in advance.

B.G. Container Glass (BGC) expects its performance in the second half of 2026 to continue growing from the first half, after recognizing the results of Bangkok Can Manufacturing (BCM), an aluminum can producer, while its existing businesses, Trading and glass packaging, remain key drivers. The company is moving forward with locking in prices and volumes of raw materials with some major suppliers to control costs amid volatility, while focusing on producing high-value or high-margin products to support profit margins. It is confident that full-year results will be better than last year, as there are no special expenses. For the main costs in the glass packaging business, brown cullet, which accounts for about 70% of usage, saw prices drop 2% from the previous quarter and 13% from the previous year. Meanwhile, soda ash prices fell 9% from the previous year but are trending slightly higher quarter-on-quarter. However, the company has locked in prices and volumes until the end of the year. For other packaging segments, kraft paper costs rose nearly 17% from the previous quarter due to hoarding during the Middle East conflict, but are expected to return to normal in the third and fourth quarters. Meanwhile, plastic resin prices increased 60% from the first quarter, following crude oil prices. For the aluminum can business, which began consolidating in May, aluminum coil is the main cost, accounting for 55% of production. Its price, referenced to the LME index, rose 46% compared to the reference period and increased 12% quarter-on-quarter due to issues in Middle East production sources. However, the company sees a downward trend in prices in the future.

BG Container Glass, or BGC, reported net profit attributable to owners of the company in the second quarter of 2026 at 63 million baht, up 8% from the same period last year. Revenue from sales and services was 3.84 billion baht, an increase of 13%, supported by the first-time consolidation of Bangkok Can Manufacturing, or BCM, for two months and growth in the distribution business. Gross profit margin improved to 16.1% from 15.9%, despite ongoing pressure from high energy costs and aluminum prices. For the first six months of 2026, net profit stood at 116 million baht, down 20% due to higher selling and administrative expenses from business expansion and the inclusion of BCM.