ONE Friday Fights 123: Lobo vs. Kulabdam

ONE Friday Fights 123: Lobo vs. Kulabdam was a combat sports event produced by ONE Championship that took place on September 5, 2025, at Lumpinee Boxing Stadium in Bangkok, Thailand. A bantamweight Muay Thai bout between Felipe Lobo and Kulabdam Sor.Jor.Piek-U-Thai headlined the event.