Thai Optical Group Public Company Limited

Thai Optical Group Public Company Limited (TOG) has confirmed that the trade war between the United States and Canada does not directly affect its business, as it has production bases in Thailand and orders from key markets continue to flow in steadily. The company remains focused on maintaining its market base in the U.S. and Canada, while seeking opportunities to expand into new markets in the Middle East, particularly Lebanon. However, the company has restored approximately 90% of its production capacity following the building fire, with the remaining 10% expected to be gradually restored once the building renovation is completed.

TOG is preparing for a roadshow in Europe to showcase its products and build its brand. The company expects stronger performance in the second half of 2026, driven by increased orders and an insurance claim of 150 million baht. It maintains its 2026 revenue growth target of 8%, reaching 3.59 billion baht. Meanwhile, the weaker baht supports revenue from overseas, which accounts for 95-96% of total revenue. The company views the U.S. Section 301 tariff rate of 12.5% as still competitive.

Thai Optical Group, or TOG, expects third-quarter 2026 results to be on track after resuming roughly 90% of total production capacity following the fire at Production Building 1. The company continues to prioritize the North American market, which accounts for more than 40% of revenue, and has begun expanding into the Middle East to build a new revenue base. The remaining insurance claims are expected to be fully recognized within this year, and the company is set to receive the second tranche of US tax refunds late this year, bringing the total eligible benefits to about 600,000 US dollars.

Thai Optical Group Public Company Limited, or TOG, reported total revenue of 1.003 billion baht for the second quarter of 2026, up 14% from the same period last year. First-half revenue reached 1.927 billion baht, an increase of 8%, reflecting continued growth from demand for value-added lenses and international market expansion despite a challenging global economy. Performance was supported by a product mix shift toward high-margin items, particularly special prescription lenses, while the company maintained cost control amid elevated raw material and energy prices. The quarter was affected by a one-time extraordinary item from a fire at a production building on 19 April 2026, for which the company has already received the first insurance compensation payment and is reviewing additional claims. TOG continues to expand overseas markets, develop its SAP S/4HANA system, and enhance machinery efficiency to support high-margin product groups, while comprehensively managing export, exchange rate, and supply chain risks.

Thai Optical Group Public Company Limited, or TOG, is confident that the US tariff hike to 12.5% under Section 301 will not significantly affect its competitiveness, as major rival lens-exporting countries face similar duty rates. CEO Thon Prajaktham revealed that the new rate, effective 24 July 2026, remains acceptable, and the company retains its strengths in supply chain management and consistent delivery amid higher import costs for customers.