SMO second-quarter revenue rises 2.48% on surging palm oil prices

Earnings
โดย thunhoon.com·TH·Read original
Summary · why it matters

Samo Thong Group Public Company Limited, or SMO, reported total revenue for the second quarter of 2026 at 3.52 billion baht, up 2.48% from the same period last year and up 46.67% from the previous quarter, with net profit of 29.56 million baht. Main revenue came from the production and distribution of crude palm oil and related products at 3.47 billion baht, accounting for 98.57% of total revenue, up 3.93% from last year and 47.31% from the previous quarter. The average selling price of crude palm oil was 38.48 baht per kilogram, compared with 33.75 baht last year, while sales volume declined due to lower fresh palm fruit harvests. The Phanom branch plant began commercial operations, increasing production capacity from 75 to 150 tonnes of fresh palm fruit per hour, and subsidiary A L Palm increased from 60 to 75 tonnes, bringing total production capacity at the end of the second quarter to 345 tonnes per hour, up 35.29% from 255 tonnes at the end of the first quarter. The company is constructing a new plant in Chang Sai subdistrict, Phra Phrom district, Nakhon Si Thammarat province, with a maximum investment value of 960 million baht, and expects crude palm oil prices to continue rising in the second half of the year due to strong global demand and Indonesia's B50 diesel policy.

Impact on stocks 1

Energy Transition & Power Demand▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

A.L. Palm Co., Ltd.Private▲ Positive
Capitalrelevance

Subsidiary increased production capacity, contributing to overall growth.

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