Cal Comp Electronics Thailand : 2025 Q1 Board Clarification

Published: 2025-05-15 02:41:12 ET CCET.BK

Published on 05/15/2025 at 02:41

No. CC20250505ELE May 13, 2025

Re: Clarification of the changes in operation performance for the first quarter ended 31 March 2025

Attn: The President

The Stock Exchange of Thailand

Cal-Comp Electronics (Thailand) PCL. ("the Company") would like to submit the analysis performance for the first quarter ended 31 March 2025 as compared to the first quarter ended 31 March 2024 as follow:

Sales revenues

For the first quarter ended 31 March 2025, the Company's sale revenues were USD 1,021.02 million (or equivalent to Baht 34,596.83 million), which increased by 15.85% from previous year.

The increased sales revenue was mainly driven by the increased demand for printer products, storage products and smart wearable products as compared to the same period of pervious year.

Cost of sales

For the first quarter ended 31 March 2025, the Company's cost of goods sold was USD 966.89 million (or equivalent to Baht 32,762.43 million) or 94.70% of sale revenues which was decreased from 94.71% in year 2024, and the gross margin has increased from 5.29% in 2024 to 5.30% in 2025.

The increase of gross profit margin was mainly derived by overall improved cost structure as compared to the same period of previous year.

Selling and Administrative Expenses

For the first quarter ended 31 March 2025, the Company's SG&A expenses were USD 25.91 million (or equivalent to Baht 877.80 million) or 2.54% of the total sales revenue which was increased from 2.39% in year 2024.

The increased SG&A was mainly in related to support the Company and its overseas subsidiaries' operation as well as marketing and managing expense to support existing customers as compared to the same period of previous year.

Financial Cost

For the first quarter ended 31 March 2025, the Company's financial cost was USD 2.39 million (or equivalent to Baht 80.96 million), which decreased by 61.98% as compared to same period of previous year.

The decreased financial cost was mainly in related to the reduced bank loans to support the Company's and its subsidiaries' operation and expansion plans in Thailand, as well as decreased interest rate as compared to same period of previous year.

Net Profit

For the first quarter ended 31 March 2025, the Company's net profit was USD 17.47 million (or equivalent to Baht 591.83 million), which increased by 15.95% as compared to same period of previous year, and the Company's net profit margin has remained the same at 1.71% in 2024 and in 2025 as compared during the same period.

The increased net profit for the year 2025 was mainly in related to the overall improved business management during the period as compared to previous year.

Please be informed accordingly

Sincerely Yours,

(Mr. Khongsit Choukitcharoen) Managing Director

Disclaimer

CCET – Cal-Comp Electronics (Thailand) pcl published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 06:40 UTC.