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

Executive summary

• Q1 2025 total revenue was Baht 433.3 million, down 7.3% year-over-year.

• Net profit for Q1 2025 was Baht 35.8 million, a decrease of 33.3% compared to Q1 2024.

Financial highlights

• Sales revenue declined by Baht 74.2 million or 17.5% year-over-year, mainly due to lower CPO and CPKO sales volumes.

• Gross profit decreased by Baht 63.4 million or 124.5% year-over-year.

• Cost of sales as a percentage of revenue rose to 103.6% from 88.0% in Q1 2024.

• Gain from change in fair value of biological assets was Baht 67.0 million, up from Baht 29.9 million in Q1 2023.

Segment performance

• CPO sales volume dropped by 32.5% and CPKO sales volume by 71.3% year-over-year.

• Other income from by-products increased by Baht 3.1 million or 24.1% year-over-year.