Chememan Human Chemical

“The group of companies aims at achieving lime capacity of more than 2,000,000 tons per year by 2025 to become a world-class leader in lime industry by conducting business with good governance that provides sustainability for all concerned parties.”

2,000,000
tons
per year by 2025
1Q2025 Key Financial Metrics
8.02%
Return on Equity
59 MB
Capital Expenditures
2,681 MB
Proportional Adjusted Net Debt
554 MB
Adjusted Free Cash Flow
1.32x
Total Liabilities to Equity
1.08x
Interest Bearing Debt to Equity

Note:

% Comparison of Financial Performance: 1Q2025 vs. 1Q2024

Return on Equity = Net income attributable to holders of company /Equity attributable to owners of company (average)

Capital Expenditures = Cash outflow for capital expenditures

Proportional Adjusted Net Debt = LTD + STD - Cash

Adjusted Free Cash Flow = EBITDA – Taxes – CWC – CAPEX

Total Liabilities to Equity = Total liabilities / Equity attributable to owners of company

Interest Bearing Debt to Equity = Total interest-bearing debt / Equity attributable to owners of company

Revenues
(Million Baht)
Net Income and Earnings per share attributable to CMAN
2023 2024 1Q2024 1Q2025
Statement of Comprehensive Income
Revenues (million baht) 3,505 3,826 1,044 1,028
Net income (loss) attributable to CMAN (million baht) 136 252 173 130
Earnings (loss) per share attributable to CMAN (baht per share) 0.14 0.26 0.18 0.14
Adjusted net income (loss) attributable to CMAN (*) (million baht) 220 395 147 132
Adjusted earnings (loss) per share (*) (baht per share) 0.23 0.41 0.15 0.14
Adjusted EBITDA excluding special items (*) (million baht) 820 1,022 307 290
2023 2024 1Q2024 1Q2025
Statement of Financial Position
Current Assets (million baht) 1,121 1,495 1,206 1,231
Total Assets (million baht) 6,395 6,472 6,515 6,169
Current Liabilities (million baht) 2,039 1,959 2,049 1,652
Total Liabilities (million baht) 3,972 3,925 3,871 3,490
Shareholders' Equity (million baht) 2,420 2,547 2,644 2,679
Financial Ratios
Current Ratio (times) 0.55 0.76 0.59 0.75
D/E Ratio (times) 1.68 1.57 1.50 1.32
Net Profit Margin (%) 3.88% 6.58% 15.79% 11.89%
Return on Asset (%) 2.07% 3.91% 3.28% 3.30%
Return on Equity (%) 5.87% 10.33% 8.76% 8.02%

Calculations:

(*) Excludes all special items, such as realized and unrealized foreign exchange gains/losses from loan conversions and mark-to-market gains/losses from forward contracts, losses from the impairment of financial assets and one-time extraordinary revenues or expenses

Net Profit Margin = Net Income(loss) attributable to CMAN / Revenues from sales and service

Return on Asset = Net Income(loss) attributable to CMAN / Average Total assets

Return on Equity = Net Income(loss) attributable to CMAN / Average Shareholders' equity

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