TOA posts first-half revenue of 11.33 billion baht, up 4%

TOA Paint (Thailand) Public Company Limited, or TOA, Thailand’s leading manufacturer of paints, construction chemicals and surface finishing materials, reported total revenue of 11.325 billion baht for the first six months of 2026, up 4% from the same period a year earlier.

Net profit rose by 21% to 1.671 billion baht, reflecting the company’s ability to manage costs and risks effectively despite volatile energy and raw-material prices and continued economic uncertainty.

Jatuphat Tangkaravakoon, chief executive officer of TOA Paint (Thailand), said first-half growth was driven primarily by stronger domestic sales across paint, non-decorative products and construction chemicals.

The performance was supported by new product launches, marketing through retail and modern-trade channels, and demand for products used in repairs and renovations of existing homes. The renovation segment continues to offer growth opportunities while the new-construction market remains challenging.

The company also adjusted product prices in line with higher costs resulting from unrest in the Middle East, enabling it to manage its cost structure and maintain profitability at an appropriate level.

Board approves interim dividend of 0.38 baht per share

In terms of shareholder returns, the company’s board approved an interim dividend of 0.38 baht per share based on its performance during the first six months of 2026.

The dividend will be paid on September 11, 2026, reflecting the company’s strong financial position and cash flow.

Green products open opportunities in green-building market

As part of its long-term growth strategy, TOA is continuing to develop environmentally responsible product innovations.

A total of 33 TOA products have received Environmental Product Declaration, or EPD, certification, making the company the first paint manufacturer in Thailand to achieve certification at this level.

Developing products backed by environmental data and recognised standards not only supports the company’s sustainability objectives but also creates business opportunities in the green-building sector and among healthcare facilities that prioritise environmental standards.

These markets are expected to continue expanding in the future.

TOA focuses on cost control and risk management in second half

Jatuphat said the market outlook for the second half of the year remained challenging because of volatile energy prices, geopolitical conflicts and uncertainty over the construction sector’s recovery.

TOA plans to respond through effective cost management, comprehensive risk controls and flexible sales strategies that can be adjusted in line with market conditions.

“TOA remains focused on strengthening its business through innovation, maintaining its customer base and expanding into new business opportunities to support stable and sustainable long-term growth,” Jatuphat said.