SCG Reports 19% Growth in 9M/2026 Adjusted Cash EBITDA and Announces Joint Venture with GC

Brickinfo News Agency – Siam Cement Group (SCG) reported an Adjusted Cash EBITDA of 57,357 million baht for the first nine months of 2026, marking a 19% year-on-year increase. The company also announced a planned joint venture between SCG Chemicals (SCGC) and PTT Global Chemical (GC) to combine their olefins and polyolefins businesses in Thailand, targeting establishment in the second half of 2027.

During the first nine months of 2026, SCG recorded total revenue from sales of 382,236 million baht, an increase of 3% year-on-year, with profit for the period reaching 20,143 million baht, up 13%. Adjusted profit, excluding inventory revaluation and other adjustments, stood at 14,437 million baht. The group lowered its net debt by 42,656 million baht compared to the fourth quarter of 2025, bringing the net debt-to-EBITDA ratio down to 3.6 times, with cash on hand totaling 75,147 million baht at the end of the third quarter. For Q3/2026 alone, SCG recorded revenue from sales of 122,666 million baht, an Adjusted Cash EBITDA of 14,444 million baht, and a profit of 2,385 million baht.

The planned combination between SCGC and GC aims to position the combined entity among the top 10 global polyolefins producers and is projected to deliver between 150 million and 200 million US dollars in annual synergies. Meanwhile, Rayong Olefins Company (ROC) restarted operations in mid-September 2026 after a temporary shutdown. In Vietnam, SCGC advanced its ethane feedstock enhancement project at the Long Son Petrochemicals (LSP) complex, which is projected to reduce operating costs by more than 250 million US dollars annually upon its expected completion in mid-2027.

Across business divisions, the Cement and Building Materials Business registered 9M/2026 Adjusted Cash EBITDA of 16,018 million baht, up 7%, and a profit of 7,459 million baht, up 53%, driven by cross-category sales integration under the One CBM approach and alternative fuel substitution rates of 25% to 35%. SCG Decor posted Q3/2026 Adjusted Cash EBITDA of 839 million baht, supported by capacity expansions in Vietnam and Thailand. Packaging Business (SCGP) reported 9M/2026 Adjusted Cash EBITDA of 15,725 million baht, a 24% increase, and a net profit of 5,896 million baht, up 106%, attributed to operational recovery in Indonesia, strategic investments in Jin Zhong Fa Paper Industry Co., Ltd., and portfolio expansion in Vietnam and India.