Univanich Palm Oil Public Company (UVAN) Q2 2025 earnings summary

Executive summary

• Engaged in oil palm plantations, palm fruit processing, oil palm seed and seedling business, and a biogas power plant project.

• Overseas revenue from Philippine entities reached Baht 815 million for the six months ended 30 June 2025, up from Baht 612 million year-over-year.

Segment performance

• Main segment is oil palm plantations and related processing; biogas project contributed less than 1% of sales and assets.

Financial highlights

• Trade and other current receivables (net) increased to Baht 892.6 million as of 30 June 2025 from Baht 626.3 million at year-end 2024.

• Inventories (net) rose to Baht 983.1 million from Baht 957.1 million at year-end 2024.

• Biological assets valued at Baht 133.3 million as of 30 June 2025, up from Baht 129.8 million at year-end 2024.

• Property, plant, and equipment (net) increased to Baht 2,861.6 million as of 30 June 2025 from Baht 2,734.2 million at year-end 2024.

• Trade and other current payables rose to Baht 218.7 million from Baht 105.4 million at year-end 2024.

• Long-term loans from financial institutions decreased to Baht 51.6 million as of 30 June 2025 from Baht 57.9 million at year-end 2024.

• Income tax expense for the six months ended 30 June 2025 was Baht 217.8 million, up from Baht 193.1 million year-over-year.