United Palm Oil Industry Public Company (UPOIC) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was THB 433.3 million, down from THB 467.4 million year-over-year.

• Net profit for the period was THB 35.8 million, a decrease from THB 53.7 million in Q1 2024.

• The business remains focused on oil palm plantation and crude palm oil processing, with most revenue from two major customers.

Financial highlights

• Revenue declined 7% year-over-year to THB 433.3 million.

• Net profit margin decreased, with profit for the period at THB 35.8 million versus THB 53.7 million last year.

• Basic EPS was THB 0.11, down from THB 0.17 in Q1 2024.

• Cash and cash equivalents fell to THB 63.4 million from THB 126.7 million at year-end 2024.

• Operating cash flow was negative at THB -64.7 million, compared to positive THB 3.7 million in Q1 2024.

Outlook and guidance

• Dividend of THB 0.33 per share (THB 107 million total) approved for payment in May 2025.

• No significant changes in business composition or land rights; permit extension for harvesting is under government review.