Asefa Public Company (ASEFA) Q1 2025 earnings summary

Executive summary

• Interim financial statements for Q1 2025 prepared under Thai Accounting Standards, focusing on new activities and events since year-end 2024.

• Main business: manufacture and distribution of electrical power systems, with integrated engineering services.

Financial highlights

• Total cash and cash equivalents at March 31, 2025: Baht 149.09 million (consolidated), down from Baht 272.13 million at year-end 2024.

• Trade and other current receivables (net): Baht 656.69 million, up from Baht 598.85 million at year-end.

• Inventories (net): Baht 600.93 million, down from Baht 636.92 million at year-end.

• Basic earnings per share for Q1 2025: Baht 0.08 (consolidated), up from Baht 0.02 in Q1 2024.

• Net profit attributable to equity holders for Q1 2025: Baht 44.37 million (consolidated), up from Baht 10.09 million in Q1 2024.

Outlook and guidance

• Dividend of Baht 0.14 per share (total Baht 74.19 million) approved for payment on May 22, 2025, from 2024 results.