SGX-ST approves ThaiBev’s market cap benchmark for FY2026

As of 30 September 2025, the group’s market capitalisation stood at $11.68b.

Thai Beverage Public Company Limited (THBEV) has received confirmation from the SGX-ST to continue using its market capitalisation as the basis for computing materiality thresholds for the financial year ending 30 September 2026.

The thresholds are set out under Rules 905 and 906 of the SGX Listing Manual, according to a bourse filing dated 29 January.

As of 30 September 2025, THBEV’s market capitalisation stood at approximately $11.68b, whilst its consolidated net tangible assets remained significantly lower.

The company submitted that using market capitalisation would provide a more meaningful benchmark for the thresholds.

Market capitalisation will be calculated based on the average of THBEV’s daily capitalisation for the last month of the immediately preceding financial year.

The calculation uses the total number of shares, excluding treasury shares, multiplied by the volume-weighted average price of the shares on SGX-ST for each trading day.

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