Message from the Board of Directors​

In 2024, the global economy faced significant volatility and complexity. This resulted in low overall economic growth across Thailand and ASEAN, particularly due to a slowdown in the real estate sector driven by high level household and business debt. Tightened lending practices by financial institutions further reduced customer purchasing power. Additionally, trade war risks, volatile Baht exchange rate, and natural disasters are all significant factors impacting the Company's operations.

TOA's Board of Directors and management team have maintained a vigilant watch on the dynamic business environment, proactively developing and implementing appropriate strategies to address both immediate and long-term challenges. As a result, despite challenging conditions, TOA delivered strong and outstanding performance compared to the industry, with total revenue of 21,140 million Baht and profits of 1,920 million Baht. Decorative paints were the primary revenue driver, with significant contributions from non-decorative products, including construction chemicals and gypsum board, further strengthening our overall performance.

In 2025, despite facing business challenges, TOA recognizes the immense potential and opportunities to propel itself toward its ambitious goals. This will be achieved through a clear vision and strategic roadmap, coupled with the trust and support of shareholders, business partners, financial institutions, and relevant agencies, along with the unwavering dedication of our board of directors, exeсutives, and employees, who are the main driving force behind our journey toward continued success.