Despite a sluggish business environment, CMAN delivered 18% profit growth in Q2/2025, driven by its clear business strategies and strong cost management. For the second half of the year, the Company will strongly focus on management of all costs, maintain market share in target markets, and prepare for its next phase of growth.

M.L. Chandchutha Chandratat, Chairman of the Board, Chememan Public Company Limited (“CMAN”), one of the world's leading producers of lime and lime derivatives under the “CHEMEMAN” brand, reported that the Company recorded revenues from sales and services of THB 950 million in Q2/2025, an increase of 1.6% compared to the same quarter last year. Net profits attributable to shareholders were THB 107 million, up 17.6% from Q2/2024. For the first half of 2025, the Company posted revenues of THB 1,978 million, a slight decrease of 0.1% from the same period last year, with net profits attributable to shareholders of THB 238 million, down 9.9% year-on-year.

Domestic revenues declined slightly due to softer demand from bioplastics, chemicals, and steel customers. However, export revenues increased, despite intense competition in the lime business and the appreciation of the Thai Baht, supported by higher demand from the chemical, sugar, and construction industries. As a result, total revenues remained solid, gross profit margins were stable compared to last year, and the total liabilities-to-equity ratio decreased to 1.3x, leading to lower financing costs.

M.L. Chandchutha further commented, “CMAN delivered its targeted profitability under tough market conditions, because our business is stronger than ever. A well-diversified customer portfolio, strict cost management, and an ability to adapt quickly to change are keys to our strength. At present, we continue to face intense competition, a slowdown in both domestic and key export markets, and an unusually strong Thai Baht compared to the fundamentals of the Thai economy.”

For the second half of the year, the Company will maintain a proactive sales strategy with reasonable pricing policies and continued focus on cost efficiency. At the same time, we will reduce debt further and try to secure local financing for its Vietnam subsidiary to reduce foreign exchange impacts within this year, and ensure that our people and systems are well-prepared for the next phase of growth.