TCM Corporation Public Company Limited

TCM Corporation Public Company Limited, or TCMC, reported second-quarter 2026 results, swinging to positive EBITDA of 58.07 million baht from a negative 81.27 million baht in the same period last year. Net loss narrowed to 44.18 million baht from a loss of 219.14 million baht, an improvement of nearly 80 percent, helped by the sale of other assets in England worth 33.91 million baht and the absence of a one-time goodwill impairment of 149.24 million baht recorded in the second quarter of 2025. Revenue from sales and services fell 32.36 percent to 859.91 million baht from 1,271.36 million baht, due to a slowdown in the UK furniture market and weaker export demand. The furniture business group TCM Living swung to positive EBITDA of 8.09 million baht from a negative 161.82 million baht. The surface materials business group TCM Surface remained the core business, contributing nearly 60 percent of revenue, with gross margin rising to 42.53 percent from 40.31 percent. TCM Automotive continued to post a net profit of 4.23 million baht amid pressure on Thailand's automotive export production. Finance costs fell to 38.10 million baht from 53.37 million baht, and the liquidity ratio as of 30 June 2026 improved to 1.18 times from 1.01 times at the end of 2025.