The Siam Cement Group (SCG) reported improved financial performance in the 1Q25, driven by a strong rebound in its Cement and Green Solutions division. Group-wide, SCG recorded EBITDA of THB12,889m (US$385.9m) and a net profit of THB1099m, a significant turnaround from the previous quarter's loss, despite a five per cent QoQ decline in consolidated revenue to THB124,392m.
The Cement and Green Solutions business emerged as the top-performing segment, reflecting higher infrastructure and commercial construction activity in Thailand. The division posted EBITDA of THB3703m, up 54 per cent QoQ and three per cent YoY. Profit for the period surged 506 per cent from the 4Q24 to reach THB1443m. Revenue grew five per cent QoQ to THB20,894m, even as weak residential demand persisted. Thailand’s domestic grey cement demand rose seven per cent YoY, supported by a low base and resumed government spending. Average prices edged up to THB2000-2050/t, aided by a reduction in distributor rebates.
The division also continued its focus on cost efficiency and sustainability, achieving a 44 per cent alternative fuel usage rate and advancing development of Gen 3 low-carbon cement, targeting a 40 per cent CO2 reduction by end-2025.
Looking ahead, SCG anticipates 2-3 per cent growth in domestic cement demand for full-year 2025, supported by public infrastructure projects and continued regional expansion of its green cement portfolio.
