Univanich Palm Oil Public Company (UVAN) Q1 2025 earnings summary

Segment performance

• Operations are primarily in oil palm plantations, palm fruit processing, oil palm seed and seedling business, with minimal activity in the electric power plant segment, which accounted for only 1.05% of sales and 0.82% of assets.

• Overseas revenue from entities in the Philippines was Baht 174 million, down from Baht 311 million year-over-year.

Key financial ratios and metrics

• Trade receivables, net, increased to Baht 647.67 million as of 31 March 2025 from Baht 611.40 million at year-end 2024.

• Inventories, net, decreased to Baht 914.63 million from Baht 957.09 million at year-end 2024.

• Biological assets rose to Baht 137.16 million from Baht 129.79 million at year-end 2024.

• Trade and other current payables increased to Baht 171.80 million from Baht 105.35 million at year-end 2024.

• Long-term loans from financial institutions stood at Baht 55.68 million as of 31 March 2025.

Risk factors and uncertainties

• Outstanding litigations related to land concessions and issuance of land ownership titles remain unresolved.

• Unfavourable fair values of outstanding foreign exchange forward contracts amounted to Baht 9.42 million as of 31 March 2025, down from Baht 21.17 million at year-end 2024.