Specialty Natural Products PCL

SNPS is moving forward with expanding its Thai herbal business capabilities by building a new plant in Bang Phli, which will be completed by the end of 2026, to support the production of medicines and medical devices derived from active ingredients of herbal plants. The company targets revenue growth of 15-30% this year compared to the previous year and believes its performance will still meet targets, as the first half of the year saw total revenue of 259.19 million baht. It also maintains a gross profit margin of around 40% and a net profit margin of around 17%. Meanwhile, the new plant has a construction investment budget of approximately 175.90 million baht and a land lease contract budget of around 50.48 million baht over a 30-year period. According to an analysis by Yuanta Securities (Thailand), normal profit in the second half of 2026 is expected to recover from the first half, reaching 26 million baht per quarter, due to the illness season and revenue from new products in the artificial saliva group. However, profit will still decline compared to the same period last year due to weak gross profit margins. The normal profit estimates for 2026-2027 are 96 million baht and 113 million baht, respectively.

Specialty Natural Products Public Company Limited (SNPS) has announced its operating results for the first half of 2026, with total revenue of 259.19 million baht, of which revenue from sales and services was 250.14 million baht, accounting for 96.51% of total revenue, similar to the same period last year. Net profit stood at 44.25 million baht, maintaining a net profit margin of 17.07%, reflecting efficient management. The company believes that the growth trends in the Longevity and Preventive Health consumer segments will present opportunities for business expansion, while elevating Thai herbs from commodities to premium products and expanding markets both domestically and internationally. This signals a positive second half, as the company strives to become a leader in the production and extraction of Thai herbs to global standards.

Specialty Natural Products Public Company Limited, or SNPS, reported first-half net profit for 2026 of 44.25 million baht, with total revenue of 259.19 million baht and a net profit margin of 17.07%. The main driver was the original design manufacturing business, or ODM, which generated sales of 176.34 million baht, up 13.17% from the same period last year and accounting for 68.04% of total revenue. In the second quarter of 2026, total revenue was 138.53 million baht, up 14.81% from the previous quarter, with ODM revenue of 92.91 million baht, up 11.36%, and sales of standardized herbal extract products, or API, at 35.43 million baht, up 1.99%. The company plans to expand its customer base both domestically and internationally, while investing in research and development to advance natural extract innovation, and expects gross margin to return to normal levels in the long term.

SNPS continues to expand its international markets, especially Indonesia, where orders and growth signals are becoming clear. CEO Dr. Theeraya Krisadaphong revealed that natural color products have been very well received, with order sizes expected to increase significantly toward the end of the year. Meanwhile, the rainy season is boosting sales of cough and lung care products from partners using the company's extracts. The company also keeps launching three to four new products per quarter, focusing on longevity and metabolism trends, while benefiting from a weaker baht that lifts profit margins on overseas sales. SNPS targets 15 to 30 percent revenue growth in 2026 and a net profit of 190 million baht by 2028, under a plan to raise the export revenue share from 5 percent to 15 percent of total revenue.

Specialty Natural Products Public Company Limited, or SNPS, has joined the push for a Positive Lists Health Claims system to elevate Thailand's food industry. Dr. Theeraya Krisadaphong, Chief Executive Officer, participated in a panel discussion titled Winning the Claim Game, stating that a clear, science-based system will reduce product development time and costs, increase speed to market, and strengthen global competitiveness. This collaboration stems from integration by the Office of National Higher Education Science Research and Innovation Policy Council, or NXPO, together with government, private sector, and academic partners, to develop the Positive Lists Health Claims mechanism as a tool to drive food innovation, ease regulatory constraints, and support high-value products grounded in science. As a developer and manufacturer of natural extracts, SNPS is ready to support the innovation ecosystem to propel Thailand toward becoming an international hub for the future food industry.