Sappe Public Company Limited (SAPPE) has once again been recognized on Forbes Asia’s Best Under A Billion 2025 list — marking the fourth consecutive year the company has been honored among the region’s top-performing publicly listed firms.

The annual list, curated by Forbes Asia, highlights 200 exceptional companies across the Asia-Pacific region with proven records of sustainable growth and sound management. This year’s selection was drawn from a pool of more than 19,000 publicly traded companies with annual revenues between US$10 million and US$1 billion. The evaluation process considered a wide range of quantitative and qualitative factors, including sales and earnings-per-share growth over the latest fiscal year and the past three years, as well as one- and five-year average returns on equity. The assessment also incorporated financial soundness, transparency, corporate governance, and environmental responsibility to ensure that the chosen companies represent holistic excellence in their respective markets.

The rankings were based on the most recent annual financial statements publicly available as of July 7, 2025, with market capitalization calculated using share prices on the same date.

For SAPPE CEO Piyajit Ruckariyapong, the recognition reflects more than business success — it affirms SAPPE’s long-term commitment to sustainable growth and its mission to elevate Thai brands onto the regional and global stage.

With its strong balance of strategy, quality, and brand reputation, it’s no surprise that SAPPE continues to capture Forbes Asia’s attention — four years in a row.