Thai Union Group (TU) delivered strong Q2 2026 results with record gross profit margin of 21.4%, driven by robust demand in processed seafood and pet food segments. The company raised full-year revenue growth guidance to 4–6% (from 3–4%) and gross margin target to 19.5–20.5% (from 19–20%), while approving an interim dividend of 0.40 baht/share, up 14.3% YoY. Debt-to-equity improved to 1.15x. The weak baht (above 33/USD since June) is expected to provide a tailwind to export revenue and FX conversions.