Bangkok: Thai Airways has reported a remarkable financial turnaround in its 2025 results, showcasing a net profit of 30.94 billion baht, marking a 215% increase from the previous year. This profit surge has prompted the airline to announce a dividend of 0.21 baht per share for its shareholders.
According to Thai News Agency, the company's Chief Executive Officer, Mr. Chai Eiamsiri, highlighted that the 2025 operating results signify a recovery compared to 2024. Total revenue rose to 190.28 billion baht from 187.99 billion baht, indicating a growth of 1.2%. Despite a slight decline in operating profit and EBITDA due to cost conditions, the company managed to reverse its financial trajectory from a net loss of 26.90 billion baht in 2024 to a net profit of 30.94 billion baht in 2025.
Shareholders' equity saw a substantial increase to 75.91 billion baht from 45.59 billion baht, reflecting a growth of 66.5%, which demonstrates a more stable financial footing. While the EBIT Margin and EBITDA Margin experienced slight decreases to 21.46% and 28.32%, respectively, they remain strong relative to industry standards.
The overall outlook for 2025 reflects a significant step in Thai Airways' recovery, return to profitability, and continued financial strengthening. The company projects total revenue for 2025 at 190.28 billion baht, marking a 1.2% increase from the previous year, while operating profit saw a slight decrease of 1.6% to 40.84 billion baht. EBITDA also declined by 8.9% to 53.88 billion baht.
Despite the reduced operating profit margin, Thai Airways achieved a notable turnaround in net profit, and its shareholders' equity increased significantly. Currently, the airline operates a fleet of 80 aircraft, including the environmentally friendly Airbus A321neo. In the upcoming summer 2026 flight schedule, Thai Airways plans to expand its route network to 62 destinations globally, including a new Bangkok-Amsterdam route and increased frequencies to China and India to cater to rising travel demand.