Mewah International Inc. · SGX:MV4
Mewah International — H1 2025 Earnings Presentation
24 slides from Mewah International's earnings presentation, August 2025
Slide 1: H1 2025 Financial Results Summary
H1 2025 FINANCIAL RESULTS SUMMARY 0
Slide 2: Notice
NOTICE This presentation has been prepared by Mewah International Inc. for information purposes and should be read together with the Financial Statements for the First Half Year Ended 30 June 2025 (“H12025”) which were lodged to SGXNET on 14 August 2025. This presentation is not to be interpreted as
Slide 3: Contents
CONTENTS Cash Flow Statement Balance Sheet Income Statement Performance Summary 2
Slide 4: Performance Summary
PERFORMANCE SUMMARY 3
Slide 5: H1 Performance Summary
H1 PERFORMANCE SUMMARY In US$mil +102.6% 37.6 NET PROFIT* 18.6 H1 2024 H1 2025 * Profit after tax attributable to equity holders of the Company 4
Slide 6: CPO Prices
CPO PRICES H1 2024 H1 2025 1,400 CPO Prices (USD) CPO Prices (RM) 6,000 Operating Margin per MT (USD) 1,200 Operating Margin % 1,000 CPO Prices - MYR per MT CPO Prices - US$ per MT 4,000 800 600 400 2,000 5.2% 4.9% 200 47.7 58.0 - - 5
Slide 7: Income Statement
INCOME STATEMENT 6
Slide 8: H1 Income Statement
H1 INCOME STATEMENT % H1 2025 H1 2024 change Sales volume (MT'000) 2,537.3 2,065.0 22.9% Average selling prices per MT (US$) 1,177.9 924.8 27.4% Revenue 2,988.7 1,909.8 56.5% OM per MT (US$) 58.0 47.7 21.6% Operating margin ("OM") 147.0 98.5 49.3% Operating margin (%) 4.9% 5.2% -5.8% Other income (n
Slide 9: H1 Sales Volume & Revenue
H1 SALES VOLUME & REVENUE In US$ million, unless stated otherwise Change H1 2024 H1 2025 % Sales Volume 2,065.0 2,537.3 22.9% (MT’000) Avg Selling Price 2,988.7 924.8 1,177.9 27.4% +22.9% +27.4% (ASP) (US$) 1,909.8 +56.5% Revenue 1,909.8 2,988.7 56.5% H1 2024 Volume ASP per MT H1 2025 8
Slide 10: H1 Segmental Sales Volume & Revenue
H1 SEGMENTAL SALES VOLUME & REVENUE BULK H1 2024 H1 2025 Change % Sales Volume (MT’000) 1,458.3 1,986.3 36.2% +36.2% +25.4% 2,245.0 1,314.8 Avg Selling Price (ASP) 901.6 1,130.2 25.4% +70.7% (US$) H1 2024 Volume ASP per MT H1 2025 Revenue 1,314.8 2,245.0 70.7% CONSUMER PACK H1 2024 H1 2025 Change %
Slide 11: H1 Geographical Spread - Revenue
H1 GEOGRAPHICAL SPREAD - REVENUE TOTAL Based on Billing address of the customer Americas Pacific Americas Pacific Europe Europe 1% 1% Oceania Oceania 3% 4% 2% 2% Middle East Middle East 13% 11% Africa 5% H1 2025 Africa H1 2024 Malaysia/ 10% Malaysia/ Singapore Singapore 50% Rest of Asia 54% 22% Rest
Slide 12: H1 Geographical Spread - Revenue (Bulk)
H1 GEOGRAPHICAL SPREAD - REVENUE BULK Based on Billing address of the customer Europe Pacific Europe Pacific 2% Oceania 3% Oceania 1% 1% Middle East Middle East 15% 12% Rest of Asia 22% H1 2025 Rest of Asia H1 2024 23% Malaysia/ Malaysia/ Singapore Singapore 60% 61% 11
Slide 13: H1 Geographical Spread - Revenue (Consumer Pack)
H1 GEOGRAPHICAL SPREAD - REVENUE CONSUMER PACK Based on Billing address of the customer Americas Pacific Americas Pacific Europe 3% Oceania 4% Oceania 3% Europe 7% 4% 7% Malaysia/ Malaysia/ Singapore Singapore 37% 26% Middle East 9% H1 2025 Middle East 10% H1 2024 Africa 20% Rest of Asia Africa 19%
Slide 14: H1 Operating Margin
H1 OPERATING MARGIN In US$ million, unless stated otherwise Change H1 2024 H1 2025 % Sales Volume 2,065.0 2,537.3 22.9% (MT’000) +22.9% +21.6% Operating Margin per 147.0 47.7 58.0 21.6% MT (US$) 98.5 +49.3% Operating Margin 98.5 147.0 49.3% H1 2024 Volume OM per MT H1 2025 13
Slide 15: H1 Segmental Operating Margin
H1 SEGMENTAL OPERATING MARGIN BULK H1 2024 H1 2025 Change % Sales Volume (MT’000) 1,458.3 1,986.3 36.2% +36.2% +29.3% 86.1 Operating Margin per MT 48.9 +76.1% (US$) 33.5 43.3 29.3% H1 2024 Volume OM per MT H1 2025 Operating Margin 48.9 86.1 76.1% CONSUMER PACK H1 2024 H1 2025 Change % Sales Volume (
Slide 16: Balance Sheet
BALANCE SHEET 15
Slide 17: Source & Application of Capital
SOURCE & APPLICATION OF CAPITAL Balance Sheet as at 30 June 2025 In US$ million 1,502.3 1,502.3 Current net debt 52.8% 507.5 Working capital 64.0% 961.9 Equity 47.2% 454.4 Non-current debt 120.3 22.3% Long-term 540.4 investments Equity 420.1 36.0% 77.7% Capital Investment 16
Slide 18: Source & Application of Capital
SOURCE & APPLICATION OF CAPITAL 30-Jun-25 % 31-Dec-24 % Change Long-term investments 540.4 36.0% 517.1 38.5% 4.5% Working capital 961.9 64.0% 826.1 61.5% 16.4% Total investments 1502.3 100% 1343.2 100% 11.8% Equity 874.5 58.2% 824.5 61.4% 6.1% Gross debt (A) 830.0 55.2% 661.6 49.3% 25.5% Cash (B) 20
Slide 19: Source & Application of Capital
SOURCE & APPLICATION OF CAPITAL In US$ million 30 Jun 2025 31 Dec 2024 1,502.3 1,502.3 1,343.2 1,343.2 Current net debt 33.8% 507.5 Current net debt Working capital 394.9 29.4% 961.9 Non-current net debt Working capital 8.0% Non-current net debt 120.3 826.1 9.2% 123.8 Equity 58.2% Equity 61.4% Long-
Slide 20: Liquidity
LIQUIDITY In US$ million Term loan repayment schedule 30 Jun 2025 Non-current debt Current debt Cash & cash equivalents Gross debt and (in US$ million) net debt Gross debt, 541 Gross debt, 662 Gross debt, 392 Gross debt, 830 6 months ending FY 2025 14.4 Net debt, 438 Net debt, 260 Net debt, 519 Net
Slide 21: Cycle Time
CYCLE TIME* 44 42 35 34 57 58 69 64 FY 2022 FY 2023 FY 2024 H1 2025 FY 2022 FY 2023 FY 2024 H1 2025 Cycle time Inventory days FY 2022 FY 2023 FY 2024 H1 2025 40 38 34 27 (9) (11) (11) (15) FY 2022 FY 2023 FY 2024 H1 2025 Trade receivable days Trade payable days * Cycle time is calculated as Inventor
Slide 22: Cash Flow Statement
CASH FLOW STATEMENT 21
Slide 23: Cash Flow Statement
CASH FLOW STATEMENT H1 2025 H1 2024 Operating cash flows before working capital changes 93.7 54.5 Changes in operating assets and liabilities (140.4) (35.6) Net interest and income tax payment (27.3) (17.0) Net cash flows (used in)/from operating activities (74.1) 1.9 Net cash flows used in investin
Slide 24: End of Financial Results Summary - Thank You
End of Financial Results Summary Thank You