Sri Trang Agro-Industry Public Company Limited (“STA” or “the Company”) anticipates a gradual recovery in its operating performance for Q4/2025. For Q3/2025, the Company recorded sales and service revenue of 21,574.0 million Baht. Overall, the sales and service revenue for the first nine months of the year still showed a 7.1% growth, totaling 86,800.5 million Baht.
Mr. Veerasith Sinchareonkul, Chief Executive Officer of Sri Trang Agro-Industry Public Company Limited (STA), the world’s largest fully integrated natural rubber company and Thailand’s leading rubber glove manufacturer, revealed that the Company's operating performance is expected to see a gradual recovery in Q4/2025 driven by demand gradually improving and the natural rubber price trend expected to rise. This follows increased clarity on the U.S. reciprocal tariff policy and a clearer direction for the European Union Deforestation Regulation (EUDR), with final details expected by mid-December 2025.
Meanwhile, supply is projected to decrease compared to the previous year. Although favorable rainfall has contributed to the robustness of rubber trees, continuous precipitation has limited the number of tapping days. Furthermore, the high price of palm oil is incentivizing some farmers, particularly in the Southern region of the country, to uproot rubber trees to expand palm cultivation area instead.
The price of TSR20 rubber on the SICOM market averaged 171.9 US cents per kilogram in October 2025, remaining range-bound due to uncertainty in the global economy and trade policies.
Regarding operating results, the global economic situation and uncertainty in international trade policy—stemming from the uncertainty of the U.S. Reciprocal Tariff policy details under President Trump’s administration, along with Section 232 policies and the guidelines for managing transshipment—have led tire and downstream natural rubber product manufacturers to operate cautiously. This caution, partly to avoid risks from potential tax cost changes, has resulted in end-market rubber demand not fully recovering, which in turn caused the Company's natural rubber sales volume to slow down in Q3/2025. Sales and service revenue for Q3/2025 was 21,574.0 million Baht, with a net loss of 841.9 million Baht. However, overall performance for the first nine months still saw sales and service revenue increase by 7.1% year-on-year to 86,800.5 million Baht, with a cumulative net loss of 940.0 million Baht.
The Company continues to maintain strong financial health through continuous operating cash flow. It reported Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) of 449.4 million Baht, and a stable financial position with a low net Debt-to-Equity (D/E) ratio of only 0.6 times.
Additionally, the Company focuses on sustainable business operations, aiming to reduce total Scope 1 and Scope 2 greenhouse gas (GHG) emissions per unit of product by 10% by 2026 and achieve Net-Zero GHG emissions by 2050. Plans toward this goal include assessing Carbon Footprint (CFP), improving the energy efficiency of machinery, and studying and developing low-carbon technologies, among others.