SCG achieves strong EBITDA, profit growth across all businesses in Q1

SCG achieves strong EBITDA, profit growth across all businesses in Q1

SCG announced its operating results for the first quarter of 2025 on June 3, showing an improvement compared to the fourth quarter of 2024.

SCG posted a total profit of VND834 billion ($32 million) and strong earnings before interest, taxes, depreciation, and amortisation (EBITDA) in the first quarter of 2024. This performance reflects SCG’s accelerated adaptation efforts to address challenges across all businesses and its ongoing measures to bolster financial strength.

SCG is highlighting four strategies to navigate the prolonged and intensifying global trade tensions, including reducing costs to compete with global manufacturers; expanding its product portfolio to meet market demand across all segments, including high value-added (HVA) products, green products, and quality affordable products, and entering new high-potential markets; and building competitive advantages by leveraging diversified production bases across ASEAN. SCG remains confident that its businesses are well-positioned for stable growth amid ongoing challenges.

Thammasak Sethaudom, president and CEO of SCG, shared positive updates on the performance of SCG's business segments

Thammasak Sethaudom, president and CEO of SCG, said, “In the first quarter of 2025, SCG and all business units demonstrated improvement, driven by ongoing financial strengthening measures. We have enhanced competitiveness through production cost reduction and effective management, as well as efficient expansion into new markets. Furthermore, the cement-building materials business experienced increased demand, driven by the construction season and continuous government budget disbursements. Meanwhile, SCG Chemicals (SCGC) showed improvement through cost management and product portfolio adjustments. SCGP also remained robust, focusing on growth to meet domestic consumer demand within ASEAN, enhancing its consumer packaging portfolio while concurrently managing costs.”

At the same time, SCG has implemented financial strengthening measures, including the prudent management of EBITDA, costs, and working capital. This resulted in SCG achieving an EBITDA of VND9.78 trillion ($380 million) in the first quarter, reflecting the business’s swift adaptation to maintain competitiveness amid ongoing challenges.

In the first quarter of 2025, revenue from SCG’s operations in ASEAN (excluding Thailand) reached VND17.97 trillion ($698 million).

As of March 31, SCG’s total assets amounted to VND642.48 trillion ($25.01 billion), with SCG's assets in ASEAN (excluding Thailand) totalling VND294.37 trillion ($11.46 billion), or 46 per cent of SCG’s total consolidated assets.

In the first quarter of 2025, revenue from sales in Vietnam reached VND7.77 trillion ($301 million).

During this period, SCG's subsidiaries introduced several innovations that helped reduce environmental impacts and operational costs. For example, Duy Tan Plastics launched lightweight, recyclable bottles using MuCell technology, cutting plastic usage while enabling cost-effective production. Meanwhile, SCG Cement-Building Materials Vietnam rolled out low carbon cement packaging in Central Vietnam to support the growing demand for eco-friendly construction materials. SCGJWD expanded its green logistics model by introducing EV trucks, solar-powered warehouses, and a 24/7 operations centre to improve energy efficiency.

SCG introduced new packaging for its low-carbon cement products in Central Vietnam, aligning with the growing market demand for environmentally friendly materials

Reinforcing its commitment to collaboration, SCG teamed up with Nam Long Group, one of Vietnam’s leading real estate developers, to deliver green roofing solutions for large-scale urban developments. Additionally, SCG co-hosted the “Green Products and Services – Orders from Users” seminar as part of the Green Vietnam initiative. This platform enabled open dialogue between businesses and end-users, highlighting the growing demand for sustainable consumption and co-creation of environmentally responsible solutions.

Beyond business, SCG remains dedicated to social wellbeing through the “Hands for Happiness” campaign. Notably, the 'Spring Bus' initiative supported over 2,000 students and workers in returning home for Lunar New Year, fostering emotional and cultural connection. The company also took part in the 'Tet quan - dan' event, distributing gift sets to 400 underprivileged families in Binh Chanh. In a joint effort with SCGP, SCG established a ‘Green Library' at District 8 Hospital, offering patients and visitors a peaceful, eco-conscious learning space to promote both healing and environmental awareness.

In addition, trust built over time remains a cornerstone of SCG’s long-standing presence in Vietnam. In the first quarter of 2025, both Binh Minh Plastics and Duy Tan Plastics were once again named among Vietnam’s “High-Quality Goods” brands for the 29th consecutive year, reflecting their continued excellence in delivering quality and sustainable innovations to the Vietnamese market.

Further strengthening this trust, Binh Minh Plastics became the first in Vietnam’s pipe industry to achieve the ‘Leader’ level under Singapore Green Building Product (SGBP) certification, a milestone that highlights its dedication to high environmental standards and long-term sustainability.

As Vietnam continues to navigate challenges and opportunities in the global landscape, SCG stands firm in its mission: to grow with Vietnam, not just in Vietnam. With a deep sense of care for the environment, society, and economic resilience, SCG remains committed to co-creating a better future for all. The company’s integrated approach to innovation, community impact, and trusted partnerships continues to set the standard for inclusive green growth in the region.

VIR