United Palm Oil Industry Public Company (UPOIC) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was Baht 509.4 million, up from Baht 350.5 million year-over-year.

• Net profit for the period reached Baht 78.8 million, more than doubling from Baht 35.8 million in Q1 2025.

• The interim financial statements received an unqualified review from the independent auditor.

Financial highlights

• Total assets increased to Baht 2,228.5 million as of 31 March 2026, up from Baht 1,989.5 million at year-end 2025.

• Shareholders' equity rose to Baht 1,841.9 million from Baht 1,763.1 million at 31 December 2025.

• Cash and cash equivalents stood at Baht 78.2 million at quarter-end.

• Operating profit for Q1 2026 was Baht 93.2 million, up from Baht 45.9 million year-over-year.

• Basic earnings per share for Q1 2026 was Baht 0.24, compared to Baht 0.11 in Q1 2025.

Outlook and guidance

• As of 10 April 2026, a dividend of Baht 0.34 per share (totaling Baht 110 million) was approved for payment in May 2026.

• The company maintains an undrawn long-term loan facility of Baht 259 million for future expansion.