SCGJWD Logistics Public Company Limited (SJWD) reported strong growth performance for the first nine months of 2025, with net profit increasing to 905.8 million baht, an impressive 52.4 percent boost compared to the same period of the previous year. The Company’s B2B transportation, barges, vehicle storage businesses, and management services are expected to recover well in Q4 2025, further contributing to its outstanding performance. The total revenue for the year 2025 is projected to grow approximately 5 percent to over 26 billion baht, maintaining the same net profit growth rate as during the first nine months of this year.

Dr. Eakapong Tungsrisanguan, Chief Financial Officer of SCGJWD Logistics Public Company Limited (SJWD), the largest integrated logistics and supply chain service provider in the ASEAN, announced that the Company’s overall operating results for the first nine months of 2025 demonstrated continued growth amidst economic volatility and uncertain global trade policies. The total revenue for the period reached 19,128.9 million baht, a 4.1-percent increase year-on-year, and net profit topped 905.8 million baht, or equivalent to a hefty 52.4-percent increase compared to the same period of the previous year. This excludes special items, including the profit of 339.4 million baht resulting from a fair value adjustment related to the acquisition of Swift Haulage Berhad (SWIFT), a leading integrated logistics provider in Malaysia, at a price below its fair value. Furthermore, the Company’s average gross profit margin rose to 13.9 percent from 13.0 percent in the same period of the previous year.

Businesses that drove growth during the first nine months and contributing significantly to revenue when compared to the same period of the previous year included: (1) General Warehousing, which generated 967.7 million baht in revenue – a 23.6 percent increase; (2) Cold Storage Warehousing, which generated 839.9 million baht in revenue – an 8.3 percent increase; (3) Multimodal Transportation, which generated 728.8 million baht in revenue – an 18.9 percent increase; (4) Self-storage Rentals and Art Space, which generated 104.1 million baht in revenue – a 34.3 percent increase; (5) Logistics Infrastructure, which generated 349.5 million baht in revenue – a 23.1 percent increase; (6) International Businesses, which generated 3,081.0 million baht in revenue – a 20.3 percent increase; and, (7) Sourcing, which generated 1,267.1 million baht in revenue – a 6.7 percent increase.

Meanwhile, Q3/2025 operating results showed a total revenue of 6,252.5 million baht, which was similar to that of the same period of the previous year. This was the result of the B2B freight demands which were impacted by seasonal fluctuations, particularly for commodities such as cement and construction materials. Some cross-border freight transport was also affected by the closure of the Thai-Cambodian border checkpoints. Also, the Vehicle Storage and Management business was impacted by the slowdown in vehicle sales in the local market, with net profit reaching 257.8 million baht, a slight increase year-on-year. Additionally, selling, general and administrative (SG&A) expenses dropped by 7.5 percent to 508.2 million baht from 549.5 million baht in the same period of the previous year, resulting in a gross profit margin of 13.5 percent, compared to 12.9 percent in the same period last year.

The Chief Financial Officer of SJWD further added that the Q4/2025 performance is expected to be positively driven by the recovery of the B2B transportation business and the vehicle storage and management business. This is due to the projected increase in demand for the transportation of commodity goods, vehicle transport, as well as the transportation of vehicle components towards the end of the year due to accelerated construction projects and the organization of the “Thailand International Motor Expo 2025” (November 29 to December 10, 2025). At the same time, the cold storage business is expected to see increased demand for space for seafood and poultry storage. Furthermore, the Company will benefit from lower interest costs following the restructuring of its loan sources and the planned sale of assets to a trust fund during the remainder of the year. These combined factors are expected to further enhance profit recognition for the period.

For the entire year of 2025, the total revenue is expected to grow approximately 5 percent year-on-year to over 25-26 billion baht, due to the large revenue base of the businesses. At the same time, the net profit growth is expected to remain strong, sustaining the results from the first nine months of this year, thus, generating positive returns for shareholders.