Thai Parcel Company Limited reported first-half 2026 results with total revenue of 700.1 million baht, and second-quarter revenue of 354.1 million baht, the first period to fully recognize results from all three core business segments under its restructuring plan: logistics, CPC group, and FT group. The logistics business returned to growth, with second-quarter revenue of 142.6 million baht, up 18.5 percent from the same quarter last year, while the segment's gross margin rose from 16.8 percent to 25.3 percent, bringing first-half net profit for the segment to 28.8 million baht. Operating cash flow was positive at 63.5 million baht, up from the same period last year, and the debt-to-equity ratio stood at 0.71 times, still considered low. Although the company reported a net loss of 38.6 million baht in the first half, most of it came from depreciation and amortization, which are non-cash accounting items. In the second half, the company plans to improve performance by expanding the revenue base of the FT and CPC groups, increasing fleet asset utilization, sharing resources within the group to improve cost efficiency, and managing energy price volatility through a fuel surcharge mechanism.
Thai Parcels Public Company LimitedReports first-half revenue growth and improved logistics margins, though net loss due to non-cash depreciation.
