Dear Shareholders

          The fiscal year 2025 marked a period of unwavering commitment and triumph over complex challenges amidst the continued volatility of the global economy. Following a year of significant strategic adjustment, we are pleased to report a steady and robust growth in net profit. This success is a direct result of decisive strategic choices and comprehensive operational improvements across all dimensions.

The cornerstone of our operations over the past year has been "Creating Added Value through Innovation and Sustainability." We made a pivotal strategic decision to discontinue operations in segments facing persistent losses to reallocate our resources toward high-growth, high-margin businesses. The exceptional performance of Aura Natural Mineral Water, coupled with our success in developing innovative healthy products, has not only yielded strong financial returns but has also cemented Tipco’s position as a leader in wellness beverages for the new generation.

Regarding our Homsuwan Pineapple, we have moved beyond viewing it as a mere agricultural commodity, elevating it to become a symbol of international refinement and quality. Achieving the Superior Taste Award for three consecutive years, along with successful collaborations with leading partners, serves as a testament to the fact that Thai agricultural innovation can create significant value and achieve proud global recognition.

In terms of global responsibility, Tipco remains steadfast in our commitment to the Net Zero greenhouse gas emissions target. We have expanded our investments in renewable energy and optimized resource management because we firmly believe that a resilient business must be built upon a foundation of environmental sustainability. The well-being of our consumers and the safety of our employees remain the true benchmarks of our success.

Looking ahead to 2026, Tipco will continue to drive its business forward through the power of data and digital technology as a Data-Driven Organization. This will enhance our agility in responding to rapidly changing consumer demands. We intend to strategically expand into international markets and forge robust business alliances to co-create innovations that bring "Wellness" to society at large.

On behalf of the Board of Directors, I would like to express my sincere gratitude to all shareholders for your continued trust. My thanks also go to every employee who has dedicated their energy and passion, and to all stakeholders who have been integral to this year’s success. We stand ready to move forward with confidence, building sustainable and stable growth for the ultimate benefit of our consumers and society.