Chumporn Palm Oil Industry (CPI) Q4 2025 earnings summary

Executive summary

• Net profit for 2025 reached THB 418.49 million, up 30.54% year-over-year, with EBITDA at THB 735.59 million, reflecting improved profitability and operational efficiency.

• Revenue from sales and services grew 2.55% to THB 5,325.53 million, driven by higher average selling prices despite lower sales volume.

• Gross profit margin increased to 17.98% from 14.91% in 2024, supported by lower average cost of sales and higher revenue.

• The company maintained a strong liquidity position, with a current ratio of 1.59 and a debt-to-equity ratio reduced to 0.35.

• Dividend payout ratio for 2025 is 40.82%, with a proposed dividend of THB 0.27 per share, pending AGM approval.

Financial highlights

• Total assets increased by 19.86% to THB 4,765.53 million, mainly due to higher inventories and land revaluation surplus.

• Shareholders’ equity rose by 21.88% to THB 3,523.14 million, reflecting retained earnings and asset revaluation.

• Cash and cash equivalents at year-end were THB 110.95 million, up by THB 12.78 million from 2024.

• Net profit margin improved to 7.86% from 6.17% in 2024.

• Return on equity (ROE) increased to 11.88%, and return on assets (ROA) to 9.57%.

Outlook and guidance

• Ongoing investment in a new CPO extraction plant, biomass power plant, and biogas plant, with a total investment not exceeding THB 940 million, targeting commercial operations in 2028.

• Focus on expanding market share, especially in the central region, and launching new health-oriented products.

• Continued emphasis on sustainable growth, supply chain management, and environmental responsibility.