Thailand’s Indorama Ventures’ revenue, profit decline in 2025
Indorama Ventures Limited has reported total revenue of THB 467.3 billion (~$14.95 billion) on a trailing twelve months (TTM) basis through December 31, 2025, reflecting a continued moderation compared with prior years. Revenue stood at THB 541.6 billion (~$17.33 billion) in 2024 and THB 541.5 billion (~$17.33 billion) in 2023, while the company recorded significantly higher revenue of THB 656.3 billion (~$21.00 billion) in 2022. In 2021, revenue totalled THB 468.1 billion (~$14.98 billion), broadly in line with the latest TTM level.
Cost of revenue amounted to THB 409.1 billion (~$13.09 billion) on a TTM basis, compared with THB 466.3 billion (~$14.92 billion) in 2024 and THB 476.0 billion (~$15.23 billion) in 2023. Costs were notably higher in 2022 at THB 544.3 billion (~$17.42 billion), before easing to THB 382.9 billion (~$12.25 billion) in 2021, the group said in a press release.
Indorama reported TTM revenue of THB 467.3 billion (~$14.95 billion), down from recent years and well below the 2022 peak.
Gross profit fell to THB 58.2 billion (~$1.86 billion), reflecting continued margin pressure.
As of December 31, 2025, current liabilities exceeded current assets, with management maintaining liquidity through cash reserves, credit facilities and short-term debt rollovers.
Gross profit reached THB 58.2 billion (~$1.86 billion) over the TTM period, down from THB 75.3 billion (~$2.41 billion) in 2024 and THB 65.4 billion (~$2.09 billion) in 2023. Gross profit peaked at THB 111.9 billion (~$3.58 billion) in 2022 and stood at THB 85.2 billion (~$2.73 billion) in 2021.
At 31 December 2025, the group’s current liabilities exceeded current assets. To ensure funding needs and mitigate liquidity risks for the foreseeable future, the management continually monitors the group liquidity risk and implements procedures, including maintaining a sufficient level of cash and cash equivalents deemed adequate to finance the group’s operations, rolling forecasting the group’s unutilised credit facilities, and rollover of the short-term borrowing.
Fibre2Fashion News Desk (RR)
