Cal-comp Electronics (thailand) Public Co., Ltd.SET: CCET

2025 Q2 Consolidated Interim Financial Statements

Aug 14, 2025 at 2:32 PM UTC · Issued by Cal-comp Electronics (thailand) Public Co., Ltd.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries

Review report and consolidated and separate financial information For the three-month and six-month periods ended 30 June 2025

Independent Auditor's Report on Review of Interim Financial Information

To the Shareholders of Cal-Comp Electronics (Thailand) Public Company Limited

I have reviewed the accompanying consolidated financial information of Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries ("the Group"), which comprises

the consolidated statement of financial position as at 30 June 2025, the related consolidated statements of income and comprehensive income for the three-month and six-month periods then ended, and the related consolidated statements of changes in shareholders' equity and cash flows for the six-month period then ended, which are presented in US Dollar and Baht, as well as

the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Cal-Comp Electronics (Thailand) Public Company Limited

for the same periods (collectively "the interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with

Thai Accounting Standard 34 Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review.

Scope of review

I conducted my review in accordance with Thai Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review

procedures. A review is substantially less in scope than an audit conducted in accordance with Thai Standards on Auditing and consequently does not enable me to obtain assurance that

I would become aware of all significant matters that might be identified in an audit. Accordingly, I do not express an audit opinion.

Conclusion

Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34 Interim Financial Reporting.

Emphasis of matter

I draw attention to the condensed Note 2 to the interim financial statements, the Company

has substantial product sales and raw material purchases transactions with its subsidiaries and related companies. My conclusion is not modified in respect of this matter.

Naraya Srisukh

Certified Public Accountant (Thailand) No. 9188

EY Office Limited Bangkok: 13 August 2025

Consolidated financial statements Consolidated financial statements

	Note	30 June 2025	31 December 2024	30 June 2025	31 December 2024
		(Unaudited but reviewed)	(Audited)	(Unaudited but reviewed)	(Audited)
Assets
Current assets
Cash and cash equivalents		190,782	171,556	6,211,160	5,830,827
Trade and other current receivables	2,3	805,787	964,580	26,233,484	32,784,005
Inventories		421,314	458,691	13,716,458	15,589,934
Advances payment for raw materials and molds		14,199	10,831	462,271	368,106
Other current financial assets		1,113	1,354	36,227	46,018
Other current assets		157,978	224,389	5,143,185	7,626,498
Assets held for sale	4	-	13,453	-	457,238
Total current assets		1,591,173	1,844,854	51,802,785	62,702,626
Non-current assets
Restricted bank deposits		126	118	4,109	4,019
Other non-current financial assets		33	33	1,060	1,107
Investments in associates	5.1	69,349	66,965	2,257,753	2,275,989
Property, plant and equipment	7	489,967	484,813	15,951,541	16,477,753
Right-of-use assets		14,976	15,336	487,572	521,247
Deferred tax assets		4,492	4,760	146,258	161,770
Plan assets for long-term employee benefits		4,777	4,761	155,508	161,801
Other non-current assets		36,665	20,752	1,193,693	705,329
Total non-current assets		620,385	597,538	20,197,494	20,309,015
Total assets		2,211,558	2,442,392	72,000,279	83,011,641

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Consolidated financial statements Consolidated financial statements

	Note	30 June 2025	31 December 2024	30 June 2025	31 December 2024
		(Unaudited but reviewed)	(Audited)	(Unaudited but reviewed)	(Audited)
Liabilities and shareholders' equity
Current liabilities
Short-term loans from financial institutions	8	170,559	173,560	5,552,785	5,898,934
Trade and other current payables	2,9	853,105	1,062,795	27,774,000	36,122,119
Current portion of lease liabilities		3,197	2,906	104,079	98,752
Corporate income tax payable		5,457	3,493	177,673	118,705
Other current financial liabilities		1,233	106	40,145	3,616
Other current liabilities		16,868	30,169	549,114	1,025,385
Liabilities held for sale	4	-	3,057	-	103,915
Total current liabilities		1,050,419	1,276,086	34,197,796	43,371,426
Non-current liabilities
Long-term loans, net of current portion	10	336,833	351,408	10,966,053	11,943,611
Lease liabilities, net of current portion		11,631	12,015	378,678	408,356
Long-term loan from related party	2	19,557	19,476	636,701	661,941
Non-current provision for employee benefits		13,512	12,616	439,903	428,778
Deferred tax liabilities		2,595	2,221	84,484	75,502
Other non-current liabilities		1,606	1,416	52,292	48,110
Total non-current liabilities		385,734	399,152	12,558,111	13,566,298
Total liabilities		1,436,153	1,675,238	46,755,907	56,937,724
Shareholders' equity
Share capital
Registered share capital
10,450,002,831 ordinary share of 1 Baht each		307,334	307,334	10,450,003	10,450,003
Issued and fully paid-up share capital
10,450,002,831 ordinary share of 1 Baht each		307,334	307,334	10,450,003	10,450,003
Share premium		170,072	170,072	5,745,765	5,745,765
Capital reserve for share-based payment transactions		15,185	12,590	495,985	408,064
Capital surplus from change in shareholding in the subsidiaries Retained earnings Appropriated - statutory reserve		248 31,100	248 31,100	3,069 1,045,000	3,069 1,045,000
Unappropriated		345,031	353,169	11,329,882	11,601,458
Other components of shareholders' equity		(93,903)	(105,846)	(3,836,339)	(3,127,871)
Reserve for assets disposal group classified as held for sale		-	(6,573)	-	(223,550)
Equity attributable to owners of the Company		775,067	762,094	25,233,365	25,901,938
Non-controlling interests of the subsidiaries		338	5,060	11,007	171,979
Total shareholders' equity		775,405	767,154	25,244,372	26,073,917
Total liabilities and shareholders' equity		2,211,558	2,442,392	72,000,279	83,011,641
		-	-	-	-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Directors

Separate financial statements Separate financial statements

	Note	30 June 2025	31 December 2024	30 June 2025	31 December 2024
		(Unaudited but reviewed)	(Audited)	(Unaudited but reviewed)	(Audited)
Assets
Current assets
Cash and cash equivalents		8,479	29,527	276,046	1,003,546
Trade and other current receivables	2, 3	594,393	740,748	19,351,269	25,176,441
Inventories		343,292	352,992	11,176,320	11,997,451
Advances payment for raw materials and molds		12,101	9,913	393,971	336,927
Other current assets		51,857	42,090	1,688,287	1,430,516
Assets held for sale	4	-	35	-	1,200
Total current assets		1,010,122	1,175,305	32,885,893	39,946,081
Non-current assets
Investments in associates	5.1	66,971	64,337	2,180,331	2,186,682
Investments in subsidiaries	6.1	436,894	415,641	14,223,662	14,126,751
Property, plant and equipment	7	364,621	355,004	11,870,744	12,065,816
Right-of-use assets		540	43	17,582	1,472
Deferred tax assets		978	976	31,847	33,166
Other non-current assets		15,752	73	512,823	2,480
Total non-current assets		885,756	836,074	28,836,989	28,416,367
Total assets		1,895,878	2,011,379	61,722,882	68,362,448

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Separate financial statements Separate financial statements

	Note	30 June 2025	31 December 2024	30 June 2025	31 December 2024
		(Unaudited but reviewed)	(Audited)	(Unaudited but reviewed)	(Audited)
Liabilities and shareholders' equity
Current liabilities
Short-term loans from financial institutions	8	142,464	136,411	4,638,106	4,636,311
Trade and other current payables	2,9	658,119	723,594	21,425,950	24,593,399
Current portion of lease liabilities		376	49	12,232	1,669
Corporate income tax payable		874	211	28,474	7,177
Other current liabilities		2,450	2,959	79,748	100,568
Liabilities held for sale	4	-	561	-	19,072
Total current liabilities		804,283	863,785	26,184,510	29,358,196
Non-current liabilities
Long-term loans, net of current portion	10	152,831	214,518	4,975,620	7,290,993
Lease liabilities, net of current portion		174	-	5,665	-
Non-current provision for employee benefits		11,182	10,504	364,055	357,022
Provision for transaction under equity method
of investments in subsidiaries	6.1	152,341	160,478	4,959,667	5,454,299
Total non-current liabilities		316,528	385,500	10,305,007	13,102,314
Total liabilities		1,120,811	1,249,285	36,489,517	42,460,510
Shareholders' equity
Share capital
Registered share capital
10,450,002,831 ordinary share of 1 Baht each		307,334	307,334	10,450,003	10,450,003
Issued and fully paid-up share capital
10,450,002,831 ordinary share of 1 Baht each		307,334	307,334	10,450,003	10,450,003
Share premium		170,072	170,072	5,745,765	5,745,765
Capital reserve for share-based payment transactions		15,185	12,590	495,985	408,064
Capital surplus from change in shareholding in the subsidiaries		248	248	3,069	3,069
Retained earnings
Appropriated - statutory reserve		31,100	31,100	1,045,000	1,045,000
Unappropriated		345,031	353,169	11,329,882	11,601,458
Other components of shareholders' equity		(93,903)	(105,846)	(3,836,339)	(3,127,871)
Reserve for assets disposal group classified as held for sale		-	(6,573)	-	(223,550)
Total shareholders' equity		775,067	762,094	25,233,365	25,901,938
Total liabilities and shareholders' equity		1,895,878	2,011,379	61,722,882	68,362,448
		-	-	-	-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Directors

Consolidated financial statements Consolidated financial statements

	Note	2025	2024	2025	2024
Revenues Sales	2	957,777	975,062	31,465,230	35,959,810
Service income		2,250	1,875	73,926	69,148
Exchange gains		-	1,708	-	62,986
Gain on financial assets and derivative instruments		18,635	-	612,211	-
Other income		1,655	803	54,344	29,616
Total revenues		980,317	979,448	32,205,711	36,121,560
Expenses Cost of sales	2	904,076	919,744	29,701,016	33,919,720
Cost of service		2,124	1,673	69,773	61,697
Selling and distribution expenses		5,195	3,883	170,679	143,182
Administrative expenses	2	24,558	25,906	806,771	955,412
Loss on financial assets and derivative instruments		-	3,842	-	141,694
Exchange losses		26,007	-	854,378	-
Total expenses		961,960	955,048	31,602,617	35,221,705
Operating profit		18,357	24,400	603,094	899,855
Share of gain from investments in associates	5.2	1,567	1,606	51,475	59,222
Finance income		2,164	2,867	71,090	105,724
Finance cost		(4,883)	(5,277)	(160,430)	(194,621)
Profit before income tax expenses		17,205	23,596	565,229	870,180
Income tax expenses	11	(2,864)	(3,634)	(94,084)	(134,005)
Profit for the period		14,341	19,962	471,145	736,175
Profit attributable to:
Equity holders of the Company		14,617	20,211	480,202	745,378
Non-controlling interests of the subsidiaries		(276)	(249)	(9,057)	(9,203)
		14,341	19,962	471,145	736,175
			(Unit: US Dollar)		(Unit: Baht)
Earnings per share
Basic earnings per share
Profit attributable to equity holders of the Company		0.0014	0.0019	0.05	0.07

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Consolidated financial statements Consolidated financial statements

Note 2025 2024 2025 2024

Profit for the period 14,341 19,962 471,145 736,175

Other comprehensive income: Other comprehensive income to be reclassified
to profit or loss in subsequent periods
Exchange differences on translation of
financial statements in foreign currency	1,897		(14,210)		62,334		(524,062)
Exchange differences on translation of
financial statements in foreign currency recycled to profit or loss	5,710		-		194,375		-
Share of other comprehensive income from
investments in associates	5.2	3		92		81		3,379
Other comprehensive income to be reclassified
to profit or loss in subsequent periods - net of income tax		7,610		(14,118)		256,790		(520,683)
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods
Exchange differences on translation of financial statements
in functional currency to presentation currency		-		-		(1,070,829)		302,839
Gain on investments in equity designated at fair value
through other comprehensive income		-		452		-		16,702
Less: Income tax effect		(2)		1		(60)		15
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods - net of income tax		(2)		453		(1,070,889)		319,556
Other comprehensive income for the period		7,608		(13,665)		(814,099)		(201,127)
Total comprehensive income for the period		21,949		6,297		(342,954)		535,048
Total comprehensive income attributable to:
Equity holders of the Company		22,225		6,546		(328,836)		542,025
Non-controlling interests of the subsidiaries		(276)		(249)		(14,118)		(6,977)
		21,949		6,297		(342,954)		535,048

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Separate financial statements Separate financial statements

	Note	2025	2024	2025	2024
Revenues Sales	2	786,907	744,115	25,851,769	27,442,605
Exchange gains		-	2,215	-	81,685
Other income	2	527	1,214	17,275	44,759
Total revenues		787,434	747,544	25,869,044	27,569,049
Expenses Cost of sales	2	760,007	729,983	24,968,027	26,921,434
Selling and distribution expenses		1,066	797	35,024	29,414
Administrative expenses	2	11,890	5,989	390,596	220,878
Loss on financial assets and derivative instruments		422	433	13,858	15,959
Exchange losses		4,102	-	135,413	-
Total expenses		777,487	737,202	25,542,918	27,187,685
Operating profit		9,947	10,342	326,126	381,364
Share of gain from investments in associates	5.2	1,567	1,606	51,475	59,222
Share of gain from investments in subsidiaries	6.2	5,269	11,289	173,116	416,321
Finance income		67	445	2,200	16,431
Finance cost		(2,612)	(3,359)	(85,793)	(123,855)
Profit before income tax expenses		14,238	20,323	467,124	749,483
Income tax expenses	11	(231)	(112)	(7,588)	(4,105)
Profit for the period		14,007	20,211	459,536	745,378
			(Unit: US Dollar)		(Unit: Baht)
Earnings per share
Basic earnings per share
Profit attributable to equity holders of the Company		0.0013	0.0019	0.04	0.07

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Separate financial statements Separate financial statements

Note 2025 2024 2025 2024

Profit for the period 14,007 20,211 459,536 745,378

Other comprehensive income: Other comprehensive income to be reclassified
to profit or loss in subsequent periods
Share of other comprehensive income from investments in associates	5.2	3	92	81	3,379
Share of other comprehensive income from investments in subsidiaries	6.2	1,834	(14,210)	60,275	(524,062)
Share of other comprehensive income from
investments in subsidiaries recycled to profit or loss		6,573	-	223,550	-
Other comprehensive income to be reclassified
to profit or loss in subsequent periods - net of income tax		8,410	(14,118)	283,906	(520,683)
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods
Exchange differences on translation of financial statements
in functional currency to presentation currency		-	-	(1,065,768)	300,613
Share of other comprehensive income from investments in subsidiaries	6.2	-	452	-	16,702
Less: Income tax effect		(2)	1	(60)	15
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods - net of income tax		(2)	453	(1,065,828)	317,330
Other comprehensive income for the period		8,408	(13,665)	(781,922)	(203,353)
Total comprehensive income for the period		22,415	6,546	(322,386)	542,025

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements Consolidated financial statements

	Note	2025	2024	2025	2024
Revenues Sales	2	1,978,800	1,856,418	66,062,061	67,639,232
Service income		5,645	4,410	188,969	160,263
Exchange gains		-	20,782	-	748,598
Gain on financial assets and derivative instruments		13,328	-	432,385	-
Other income		2,445	3,617	81,099	130,768
Total revenues		2,000,218	1,885,227	66,764,514	68,678,861
Expenses Cost of sales	2	1,870,962	1,754,489	62,463,447	63,923,742
Cost of service		5,217	3,977	174,584	144,505
Selling and distribution expenses		8,941	7,417	297,595	270,213
Administrative expenses	2	46,733	43,479	1,558,193	1,587,099
Loss on financial assets and derivative instruments		-	29,218	-	1,053,793
Exchange losses		23,610	-	773,159	-
Other expenses		4,673	-	158,344	-
Total expenses		1,960,136	1,838,580	65,425,322	66,979,352
Operating profit		40,082	46,647	1,339,192	1,699,509
Share of gain from investments in associates	5.2	2,629	2,909	87,472	106,072
Finance income		5,144	6,716	172,082	244,081
Finance cost		(10,253)	(15,773)	(342,381)	(571,880)
Profit before income tax expenses		37,602	40,499	1,256,365	1,477,782
Income tax expenses	11	(5,795)	(5,473)	(193,392)	(200,128)
Profit for the period		31,807	35,026	1,062,973	1,277,654
Profit attributable to:
Equity holders of the Company		32,525	35,691	1,087,008	1,301,807
Non-controlling interests of the subsidiaries		(718)	(665)	(24,035)	(24,153)
		31,807	35,026	1,062,973	1,277,654
			(Unit: US Dollar)		(Unit: Baht)
Earnings per share
Basic earnings per share
Profit attributable to equity holders of the Company		0.0031	0.0034	0.10	0.12

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Consolidated financial statements Consolidated financial statements

Note 2025 2024 2025 2024

Profit for the period 31,807 35,026 1,062,973 1,277,654

Other comprehensive income: Other comprehensive income to be reclassified to profit or loss in subsequent periods Exchange differences on translation of
financial statements in foreign currency Exchange differences on translation of financial statements in foreign currency recycled to profit or loss	12,801 5,710		(19,065) -		431,796 194,375		(698,574) -
Share of other comprehensive income from
investments in associates	5.2	5		(21)		154		(666)
Other comprehensive income to be reclassified
to profit or loss in subsequent periods - net of income tax		18,516		(19,086)		626,325		(699,240)
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods
Exchange differences on translation of financial statements
in functional currency to presentation currency		-		-		(1,116,633)		2,026,037
Gain on investments in equity designated at fair value
through other comprehensive income		-		452		-		16,702
Less: Income tax effect		(3)		36		(84)		1,287
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods - net of income tax		(3)		488		(1,116,717)		2,044,026
Other comprehensive income for the period		18,513		(18,598)		(490,392)		1,344,786
Total comprehensive income for the period		50,320		16,428		572,581		2,622,440
Total comprehensive income attributable to:
Equity holders of the Company		51,038		17,093		602,006		2,630,719
Non-controlling interests of the subsidiaries		(718)		(665)		(29,425)		(8,279)
		50,320		16,428		572,581		2,622,440

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements Separate financial statements

	Note	2025	2024	2025	2024
Revenues Sales	2	1,626,039	1,429,554	54,285,308	52,079,988
Exchange gains		-	17,091	-	616,397
Other income	2	1,776	2,465	59,640	89,733
Total revenues		1,627,815	1,449,110	54,344,948	52,786,118
Expenses Cost of sales	2	1,574,612	1,394,100	52,570,485	50,792,424
Selling and distribution expenses		2,096	1,882	69,933	68,395
Administrative expenses	2	23,855	17,871	796,047	647,963
Loss on financial assets and derivative instruments		2,011	433	67,695	15,959
Exchange losses		4,256	-	140,614	-
Total expenses		1,606,830	1,414,286	53,644,774	51,524,741
Operating profit		20,985	34,824	700,174	1,261,377
Share of gain from investments in associates	5.2	2,629	2,909	87,472	106,072
Share of gain from investments in subsidiaries	6.2	15,347	8,728	514,597	324,270
Finance income		82	1,762	2,692	63,758
Finance cost		(5,623)	(11,971)	(187,832)	(433,417)
Profit before income tax expenses		33,420	36,252	1,117,103	1,322,060
Income tax expenses	11	(895)	(561)	(30,095)	(20,253)
Profit for the period		32,525	35,691	1,087,008	1,301,807
			(Unit: US Dollar)		(Unit: Baht)
Earnings per share
Basic earnings per share
Profit attributable to equity holders of the Company		0.0031	0.0034	0.10	0.12

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Separate financial statements Separate financial statements

Note 2025 2024 2025 2024

Profit for the period 32,525 35,691 1,087,008 1,301,807

Other comprehensive income: Other comprehensive income to be reclassified
to profit or loss in subsequent periods
Share of other comprehensive income from investments in associates	5.2	5	(21)	154	(666)
Share of other comprehensive income from investments in subsidiaries	6.2	11,938	(19,065)	402,621	(698,574)
Share of other comprehensive income from
investments in subsidiaries recycled to profit or loss		6,573	-	223,550	-
Other comprehensive income to be reclassified
to profit or loss in subsequent periods - net of income tax		18,516	(19,086)	626,325	(699,240)
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods
Exchange differences on translation of financial statements
in functional currency to presentation currency		-	-	(1,111,243)	2,010,163
Share of other comprehensive income from investments in subsidiaries	6.2	-	452	-	16,702
Less: Income tax effect		(3)	36	(84)	1,287
Other comprehensive income not to be reclassified
to profit or loss in subsequent periods - net of income tax		(3)	488	(1,111,327)	2,028,152
Other comprehensive income for the period		18,513	(18,598)	(485,002)	1,328,912
Total comprehensive income for the period		51,038	17,093	602,006	2,630,719

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of changes in shareholders' equity

For the six-month period ended 30 June 2025

Consolidated financial statements

Equity attributable to owners of the Company

(Unaudited but reviewed)

(Unit: Thousand US Dollar)

			Exchange	Share of other	Loss on
Capital reserve	Capital surplus		differences on	comprehensive	investments in equity	Total other	Reserve for assets	Total equity	Equity attributable
for share-based	from change in	Retained earnings	translation of	income from	designated at fair value	components of	disposal group	attributable to	to non-controlling	Total

Other components of shareholders' equity Other comprehensive income

Issued and

Note	fully paid-up share capital	Share premium	payment transactions	shareholding in the subsidiaries	Appropriated - statutory reserve	Unappropriated	financial statements	investments in associates	through other comprehensive income	shareholders' equity	classified as held for sale	owners of the Company	interests of the subsidiaries	shareholders' equity
	307,334	170,072	10,815	257	31,100	322,002	(74,736)	(858)	(5,842)	(81,436)	-	760,144	6,185	766,329
	-	-	-	-	-	35,691	-	-	-	-	-	35,691	(665)	35,026
	-	-	-	-	-	36	(19,065)	(21)	452	(18,634)	-	(18,598)	-	(18,598)
	-	-	-	-	-	35,727	(19,065)	(21)	452	(18,634)	-	17,093	(665)	16,428
12	-	-	-	-	-	(21,149)	-	-	-	-	-	(21,149)	-	(21,149)
	307,334	170,072	10,815	257	31,100	336,580	(93,801)	(879)	(5,390)	(100,070)	-	756,088	5,520	761,608
	307,334	170,072	12,590	248	31,100	353,169	(99,461)	(980)	(5,405)	(105,846)	(6,573)	762,094	5,060	767,154
	-	-	-	-	-	32,525	-	-	-	-	-	32,525	(718)	31,807
	-	-	-	-	-	(3)	12,801	5	-	12,806	5,710	18,513	-	18,513
	-	-	-	-	-	32,522	12,801	5	-	12,806	5,710	51,038	(718)	50,320
12	-	-	-	-	-	(40,660)	-	-	-	-	-	(40,660)	-	(40,660)
	-	-	2,595	-	-	-	-	-	-	-	-	2,595	-	2,595
	-	-	-	-	-	-	(863)	-	-	(863)	863	-	-	-
	-	-	-	-	-	-	-	-	-	-	-	-	(4,004)	(4,004)
	307,334	170,072	15,185	248	31,100	345,031	(87,523)	(975)	(5,405)	(93,903)	-	775,067	338	775,405
	-	-	-	-	-	-				-	-	-	-	-

Balance as at 1 January 2024

Profit for the period

Other comprehensive income for the period Total comprehensive income for the period Dividend paid

Balance as at 30 June 2024

Balance as at 1 January 2025

Profit for the period

Other comprehensive income for the period Total comprehensive income for the period Dividend paid

Share-based payment transactions

Decrease in reserve for assets disposal group classified as held for sale

Decrease in equity attributable to non-controlling interests of the subsidiaries

Balance as at 30 June 2025

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of changes in shareholders' equity

			Exchange	Share of other	Loss on
Capital reserve	Capital surplus		differences on	comprehensive	investments in equity	Total other	Reserve for assets	Total equity	Equity attributable
for share-based	from change in	Retained earnings	translation of	income from	designated at fair value	components of	disposal group	attributable to	to non-controlling	Total

For the six-month period ended 30 June 2025

Consolidated financial statements

Equity attributable to owners of the Company

(Unaudited but reviewed)

(Unit: Thousand Baht)

Issued and

Other components of shareholders' equity Other comprehensive income

	Note	fully paid-up share capital		Share premium		payment transactions		shareholding in the subsidiaries		Appropriated - statutory reserve		Unappropriated		financial statements		investments in associates		through other comprehensive income		shareholders' equity		classified as held for sale		owners of the Company		interests of the subsidiaries		shareholders' equity
Balance as at 1 January 2024		10,450,003		5,745,765		347,703		3,379		1,045,000		10,517,119		(1,875,317)		(22,250)		(196,758)		(2,094,325)		-		26,014,644		211,667		26,226,311
Profit for the period		-		-		-		-		-		1,301,807		-		-		-		-		-		1,301,807		(24,153)		1,277,654
Other comprehensive income for the period		-		-		-		-		-		1,287		1,311,589		(666)		16,702		1,327,625		-		1,328,912		15,874		1,344,786
Total comprehensive income for the period		-		-		-		-		-		1,303,094		1,311,589		(666)		16,702		1,327,625				2,630,719		(8,279)		2,622,440
Dividend paid	12	-		-		-		-		-		(783,750)		-		-		-		-		-		(783,750)		-		(783,750)
Balance as at 30 June 2024		10,450,003		5,745,765		347,703		3,379		1,045,000		11,036,463		(563,728)		(22,916)		(180,056)		(766,700)		-		27,861,613		203,388		28,065,001
Balance as at 1 January 2025		10,450,003		5,745,765		408,064		3,069		1,045,000		11,601,458		(2,920,946)		(26,319)		(180,606)		(3,127,871)		(223,550)		25,901,938		171,979		26,073,917
Profit for the period		-		-		-		-		-		1,087,008		-		-		-		-		-		1,087,008		(24,035)		1,062,973
Other comprehensive income for the period		-		-		-		-		-		(84)		(679,447)		154		-		(679,293)		194,375		(485,002)		(5,390)		(490,392)
Total comprehensive income for the period		-		-		-		-		-		1,086,924		(679,447)		154		-		(679,293)		194,375		602,006		(29,425)		572,581
Dividend paid	12	-		-		-		-		-		(1,358,500)		-		-		-		-		-		(1,358,500)		-		(1,358,500)
Share-based payment transactions		-		-		87,921		-		-		-		-		-		-		-		-		87,921		-		87,921
Decrease in reserve for assets disposal group
classified as held for sale			-		-		-		-		-		-		(29,175)		-		-		(29,175)		29,175		-		-		-
Decrease in equity attributable to non-controlling interests
of the subsidiaries			-		-		-		-		-		-		-		-		-		-		-		-		(131,547)		(131,547)
Balance as at 30 June 2025			10,450,003		5,745,765		495,985		3,069		1,045,000		11,329,882		(3,629,568)		(26,165)		(180,606)		(3,836,339)		- 25,233,365			11,007		25,244,372
			-		-		-		-		-		-								-		-		-		-		-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of changes in shareholders' equity

For the six-month period ended 30 June 2025

Separate financial statements

Share of other

comprehensive

Loss on

Capital reserve

Capital surplus

income from

investments in equity

Total other

Reserve for assets

Issued and for share-based

from change in

Retained earnings

investments in

designated at fair value

components of

disposal group Total

Other components of shareholders' equity Other comprehensive income

(Unaudited but reviewed)

(Unit: Thousand US Dollar)

	Note	fully paid-up share capital	Share premium	payment transactions	shareholding in the subsidiaries	Appropriated - statutory reserve	Unappropriated	associates and subsidiaries	through other comprehensive income	shareholders' equity	classified as held for sale	shareholders' equity
Balance as at 1 January 2024		307,334	170,072	10,815	257	31,100	322,002	(77,594)	(3,842)	(81,436)	-	760,144
Profit for the period		-	-	-	-	-	35,691	-	-	-	-	35,691
Other comprehensive income for the period		-	-	-	-	-	36	(18,634)	-	(18,634)	-	(18,598)
Total comprehensive income for the period		-	-	-	-	-	35,727	(18,634)	-	(18,634)	-	17,093
Dividend paid	12	-	-	-	-	-	(21,149)	-	-	-	-	(21,149)
Balance as at 30 June 2024		307,334	170,072	10,815	257	31,100	336,580	(96,228)	(3,842)	(100,070)	-	756,088
Balance as at 1 January 2025		307,334	170,072	12,590	248	31,100	353,169	(102,004)	(3,842)	(105,846)	(6,573)	762,094
Profit for the period		-	-	-	-	-	32,525	-	-	-	-	32,525
Other comprehensive income for the period		-	-	-	-	-	(3)	11,943	-	11,943	6,573	18,513
Total comprehensive income for the period		-	-	-	-	-	32,522	11,943	-	11,943	6,573	51,038
Dividend paid	12	-	-	-	-	-	(40,660)	-	-	-	-	(40,660)
Share-based payment transactions		-	-	2,595	-	-	-	-	-	-	-	2,595
Balance as at 30 June 2025		307,334	170,072	15,185	248	31,100	345,031	(90,061)	(3,842)	(93,903)	-	775,067
		-	-	-	-	-	-			-	-	-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of changes in shareholders' equity

For the six-month period ended 30 June 2025

Separate financial statements

Other components of shareholders' equity

(Unaudited but reviewed)

(Unit: Thousand Baht)

			Other comprehensive incom		e
				Share of other
Capital reserve	Capital surplus			comprehensive income from	Loss on investments in equity	Total other	Reserve for assets
for share-based	from change in	Retained earnings	Exchange differences	investments in	designated at fair value	components of	disposal group Total

Issued and

	Note	fully paid-up share capital	Share premium	payment transactions	shareholding in the subsidiaries	Appropriated - statutory reserve	Unappropriated	on translation of financial statements	associates and subsidiaries	through other comprehensive income	shareholders' equity	classified as held for sale	shareholders' equity
Balance as at 1 January 2024		10,450,003	5,745,765	347,703	3,379	1,045,000	10,517,119	651,699	(2,612,882)	(133,142)	(2,094,325)	-	26,014,644
Profit for the period		-	-	-	-	-	1,301,807	-	-	-	-	-	1,301,807
Other comprehensive income for the period		-	-	-	-	-	1,287	2,010,163	(682,538)	-	1,327,625	-	1,328,912
Total comprehensive income for the period		-	-	-	-	-	1,303,094	2,010,163	(682,538)	-	1,327,625	-	2,630,719
Dividend paid	12	-	-	-	-	-	(783,750)	-	-	-	-	-	(783,750)
Balance as at 30 June 2024		10,450,003	5,745,765	347,703	3,379	1,045,000	11,036,463	2,661,862	(3,295,420)	(133,142)	(766,700)	-	27,861,613
Balance as at 1 January 2025		10,450,003	5,745,765	408,064	3,069	1,045,000	11,601,458	497,153	(3,491,882)	(133,142)	(3,127,871)	(223,550)	25,901,938
Profit for the period		-	-	-	-	-	1,087,008	-	-	-	-	-	1,087,008
Other comprehensive income for the period		-	-	-	-	-	(84)	(1,111,243)	402,775	-	(708,468)	223,550	(485,002)
Total comprehensive income for the period		-	-	-	-	-	1,086,924	(1,111,243)	402,775	-	(708,468)	223,550	602,006
Dividend paid	12	-	-	-	-	-	(1,358,500)	-	-	-	-	-	(1,358,500)
Share-based payment transactions		-	-	87,921	-	-	-	-	-	-	-	-	87,921
Balance as at 30 June 2025		10,450,003	5,745,765	495,985	3,069	1,045,000	11,329,882	(614,090)	(3,089,107)	(133,142)	(3,836,339)	-	25,233,365
		-	-	-	-	-	-				-	-	-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of cash flows For the six-month period ended 30 June 2025

(Unaudited but reviewed)

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements Consolidated financial statements

	2025	2024	2025	2024
Cash flows from operating activities
Profit before tax	37,602	40,499	1,256,365	1,477,782
Adjustments to reconcile profit before tax to net cash
provided by (paid from) operating activities:
Depreciation and amortisation	32,066	36,388	1,070,113	1,324,788
Allowance for expected credit losses	372	939	12,053	34,297
Reduction of inventories to net realisable value (reversal)	(3,322)	765	(109,646)	29,538
Reversal of allowance for impairment loss on assets	-	(47)	-	(1,683)
Loss (gain) on disposal of property, plant and equipment	196	(14)	6,243	(370)
Loss on disposal of investment in a subsidiary	555	-	18,238	-
Gain on lease termination	-	(252)	-	(7,828)
Share of gain from investments in associates	(2,629)	(2,909)	(87,472)	(106,072)
Provision for employee benefits	756	728	25,216	26,467
Share-based payment transactions	2,595	-	87,921	-
Unrealised loss (gain) on derivative instruments	1,372	(1,865)	45,674	(69,508)
Unrealised loss (gain) on exchange	641	(1,160)	21,586	(37,793)
Finance income	(5,144)	(6,716)	(172,082)	(244,081)
Interest expenses	9,694	14,624	323,650	529,956
Profit from operating activities before changes
in operating assets and liabilities	74,754	80,980	2,497,859	2,955,493
Operating assets (increase) decrease
Trade and other current receivables	158,652	85,442	5,302,018	2,990,910
Inventories	41,430	(19,734)	1,446,264	(738,973)
Advances payment for raw materials and molds	(3,368)	24	(111,973)	1,419
Other current assets	51,275	(749)	1,689,664	(22,271)
Operating liabilities increase (decrease)
Trade and other current payables	(211,054)	83,423	(7,106,643)	3,132,250
Other current liabilities	(13,290)	(6,180)	(444,160)	(225,081)
Non-current provision for employee benefits	(33)	(225)	(1,092)	(8,137)
Other non-current liabilities	191	(186)	6,380	(6,855)
Cash flows from operating activities	98,557	222,795	3,278,317	8,078,755
Interest received	5,144	6,716	172,082	244,081
Corporate income tax paid	(3,192)	(1,112)	(105,697)	(40,224)
Net cash flows from operating activities	100,509	228,399	3,344,702	8,282,612

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of cash flows (continued) For the six-month period ended 30 June 2025

(Unaudited but reviewed)

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements Consolidated financial statements

	2025	2024	2025	2024
Cash flows from investing activities
Proceeds from disposal of an associate	35	-	1,182	-
Proceeds from disposal of a subsidiary	5,948	-	199,591	-
Decrease (increase) in other current financial assets	(4)	372	(142)	12,254
Decrease (increase) in restricted bank deposits	(5)	2	(151)	76
Dividend received from associate	250	253	8,455	9,101
Acquisition of plant and equipment	(34,601)	(18,858)	(1,161,111)	(687,330)
Proceeds from disposal of property, plant and equipment	1,801	11,936	60,469	435,450
Decrease (increase) in other non-current assets	(236)	5,132	(8,247)	185,421
Net cash flows used in investing activities	(26,812)	(1,163)	(899,954)	(45,028)
Cash flows from financing activities
Decrease in short-term loans from financial institutions	(2,906)	(51,556)	(149,164)	(1,879,592)
Cash receipt from long-term loans	386,130	-	12,893,525	-
Repayment of long-term loans	(400,877)	(189,000)	(13,311,505)	(6,868,252)
Payment of principal portion of lease liabilities	(2,269)	(2,346)	(75,682)	(85,235)
Interest paid	(10,127)	(16,660)	(338,132)	(603,536)
Dividend paid	(40,660)	(21,149)	(1,358,500)	(783,750)
Net cash flows used in financing activities	(70,709)	(280,711)	(2,339,458)	(10,220,365)
Increase (decrease) in translation adjustments	16,238	(16,531)	275,043	177,064
Net increase (decrease) in cash and cash equivalents	19,226	(70,006)	380,333	(1,805,717)
Cash and cash equivalents at beginning of the period	171,556	294,691	5,830,827	10,085,293
Cash and cash equivalents at end of the period	190,782	224,685	6,211,160	8,279,576
	-		-
Supplemental cash flows information
Non-cash items consist of
Purchases of plant and equipment that has not yet been paid	3,133	1,261	102,003	46,472
Sales of equipment that has not yet been received	556	1,506	18,102	55,504
Increase in right-of-use assets from lease liabilities	1,358	-	45,560	-
Decrease in right-of-use assets from lease modification and termination	-	(602)	-	(20,318)
Decrease in lease liabilities from lease modification and termination	-	(854)	-	(28,146)

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of cash flows For the six-month period ended 30 June 2025

(Unaudited but reviewed)

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements Separate financial statements

	2025	2024	2025	2024
Cash flows from operating activities
Profit before tax	33,420	36,252	1,117,103	1,322,060
Adjustments to reconcile profit before tax to net cash
provided by (paid from) operating activities:
Depreciation	18,714	19,778	624,557	720,056
Allowance for expexcted credit losses	345	-	11,155	-
Reduction of inventories to net realisable value (reversal)	(2,028)	2,998	(66,966)	110,557
Loss on disposal of equipment	199	71	6,333	2,582
Loss on disposal of investment in a subsidiary	555	-	18,238	-
Share of gain from investments in associates	(2,629)	(2,909)	(87,472)	(106,072)
Share of gain from investments in subsidiaries	(15,347)	(8,728)	(514,597)	(324,270)
Provision for employee benefits	710	553	23,700	20,132
Unrealised loss (gain) on exchange	855	(1,268)	28,743	(41,704)
Finance income	(82)	(1,762)	(2,692)	(63,758)
Interest expenses	5,369	10,908	179,349	394,659
Profit from operating activities before changes
in operating assets and liabilities	40,081	55,893	1,337,451	2,034,242
Operating assets (increase) decrease
Trade and other current receivables	146,227	115,190	4,944,550	4,079,927
Inventories	11,728	(54,638)	452,323	(2,003,732)
Advances payment for raw materials and molds	(2,188)	442	(72,270)	16,492
Other current assets	(24,993)	5,072	(824,855)	188,215
Operating liabilities increase (decrease)
Trade and other current payables	(66,642)	33,928	(2,293,443)	1,319,483
Other current liabilities	(522)	(53)	(17,555)	(1,975)
Non-current provision for employee benefits	(32)	(82)	(1,092)	(2,963)
Cash flows from operating activities	103,659	155,752	3,525,109	5,629,689
Interest received	82	1,466	2,692	52,979
Corporate income tax paid	(237)	(26)	(7,776)	(935)
Net cash flows from operating activities	103,504	157,192	3,520,025	5,681,733

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statement of cash flows (continued) For the six-month period ended 30 June 2025

(Unaudited but reviewed)

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements Separate financial statements

	2025	2024	2025	2024
Cash flows from investing activities
Proceeds from disposal of an associate	35	-	1,182	-
Proceeds from disposal of a subsidiary	5,948	-	199,591	-
Acquisition of plant and equipment	(29,446)	(11,913)	(988,921)	(436,358)
Dividend received from subsidiaries	-	45,499	-	1,659,118
Proceeds from disposal of equipment	1,516	3,297	50,872	118,636
Increase in other non-current assets	(1)	(44)	(50)	(1,576)
Net cash flows from (used in) investing activities	(21,948)	36,839	(737,326)	1,339,820
Cash flows from financing activities
Increase (decrease) in short-term loans from financial institutions	5,967	(38,058)	119,378	(1,380,211)
Repayment of long-term loans	(61,772)	(189,000)	(2,029,336)	(6,868,252)
Payment of principal portion of lease liabilities	(184)	(157)	(6,144)	(5,699)
Interest paid	(5,955)	(13,283)	(198,835)	(480,727)
Dividend paid	(40,660)	(21,149)	(1,358,500)	(783,750)
Net cash flows used in financing activities	(102,604)	(261,647)	(3,473,437)	(9,518,639)
Increase (decrease) in translation adjustment	-	-	(36,762)	325,289
Net decrease in cash and cash equivalents	(21,048)	(67,616)	(727,500)	(2,171,797)
Cash and cash equivalents at beginning of the period	29,527	121,777	1,003,546	4,167,614
Cash and cash equivalents at end of the period	8,479	54,161	276,046	1,995,817
	-		-
Supplemental cash flows information
Non-cash items consist of
Purchases of plant and equipment that has not yet been paid	1,010	66	32,898	2,432
Sales of equipment that has not yet been received	207	1,167	6,739	43,006
Increase in right-of-use assets from lease liabilities	667	-	22,612	-

The accompanying condensed notes to interim financial statements are an integral part of the financial statements.

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Condensed notes to interim financial statements For the three-month and six-month periods ended 30 June 2025

General information
1. General information of the Company
  Cal-Comp Electronics (Thailand) Public Company Limited ("the Company") is a public company incorporated and domiciled in Thailand. Its parent company is Kinpo Electronics, Inc., which was incorporated in Taiwan. The Company is principally engaged in the manufacture of electronic products, such as computer and computer peripheral, telecommunication equipment and automation equipment. The registered office of the Company is at No. 191/54, 191/57, 18th Floor, CTI Tower, Rachadapisek Road, Kwang Klongtoey, Khet Klongtoey, Bangkok 10110. The Company has 4 branches in Thailand and is located at Samut Sakorn, Petchaburi and Nakhonratchasima.
2. Basis for the preparation of interim financial statements
  These interim financial statements are prepared in accordance with Thai Accounting Standard No. 34 Interim Financial Reporting, with the Company presenting condensed interim financial statements. The Company has presented the statements of financial position, income statement, comprehensive income, changes in shareholders' equity and cash flows in the same format as that used for the annual financial statements and has presented notes to the interim financial statements on a condensed basis.
  The management of the Group has determined US Dollar as the functional currency and presents its interim financial statements in US Dollar. However, the regulatory requirements in Thailand require the entity to present its interim financial statements in Baht, so the Group also presents its interim financial statements in Baht by translating from US Dollar.
  Assets and liabilities are translated into Baht at the rate of exchange prevailing at the reporting period end date. Revenues and expenses are translated into Baht at the monthly average exchange rate. Differences are recorded as "Exchange differences on translation of financial statements in functional currency to presentation currency" in other comprehensive income.
  The interim financial statements are intended to provide information additional to that included in the latest annual financial statements. Accordingly, they focus on new activities, events and circumstances so as not to duplicate information previously reported. These interim financial statements should therefore be read in conjunction with the latest annual financial statements.
  The interim financial statements in Thai language are the official statutory financial statements of the Company. The interim financial statements in English language have been translated from the Thai language financial statements.
3. Basis of consolidation
  This interim consolidated financial statements include the financial statements of Cal-Comp Electronics (Thailand) Public Company Limited ("the Company") and its subsidiary companies ("the subsidiaries") (collectively as "the Group") and have been prepared on the same basis as that applied to the consolidated financial statements for the year ended 31 December 2024. However, during the current period, the Group disposed the investment in Cal-Comp Industria de Semicondutores S.A., its subsidiary in Brazil, as disclosed in the condensed Note 4.1 to the interim financial statements.
4. Accounting policies
  The interim financial statements are prepared using the same accounting policies and methods of computation as were used for the financial statements for the year ended 31 December 2024.
  The revised financial reporting standards which are effective for fiscal years beginning on or after 1 January 2025, do not have any significant impact on the Group's financial statements.

Related party transactions

During the periods, the Group had significant business transactions with related parties. Such transactions, which are summarised below, arose in the ordinary course of business. There were no significant changes in the transfer pricing policy of transactions with related parties during the current period.

Summaries significant business transactions with related parties as follows.

(Unit: Million US Dollar) (Unit: Million Baht)

Consolidated financial statements

For the three-month periods ended 30 June

	2025		2024		2025		2024
Transactions with the parent company
Sales	307.3		297.8		10,094		10,980
Purchases of fixed assets	1.4		0.5		46		17
Other expenses Transactions with associates	1.1		0.5		36		17
Sales	32.3	30.4		1,063		1,119
Other expenses	2.8	2.5		94		93
Transactions with related companies
Sales	55.0	56.8		1,808		2,097
Purchases of raw materials	248.3	231.2		8,156		8,529

(Unit: Million US Dollar) (Unit: Million Baht)

Separate financial statements

For the three-month periods ended 30 June

	2025	2024	2025	2024
Transactions with subsidiaries (Eliminated from the consolidated financial statements)
Sales	116.9	133.8	3,840	4,934
Other income	0.9	1.2	30	42
Purchases of raw materials	24.3	20.2	799	743
Other expenses	8.6	9.1	285	334
Transactions with the parent company
Sales	307.3	297.8	10,094	10,980
Purchases of fixed assets	1.4	-	46	-
Transactions with related companies
Sales	54.9	55.8	1,802	2,056
Purchases of raw materials	247.4	229.9	8,126	8,481

(Unit: Million US Dollar) (Unit: Million Baht)

Consolidated financial statements

For the six-month periods ended 30 June

	2025	2024	2025	2024
Transactions with the parent company
Sales	699.8	583.9	23,394	21,264
Purchases of fixed assets	2.4	0.5	79	17
Other expenses	2.1	1.1	69	38
Transactions with associates
Sales	64.5	54.3	2,153	1,979
Other expenses	5.5	4.5	184	165
Transactions with related companies
Sales	98.9	105.9	3,295	3,860
Purchases of raw materials	487.6	443.5	16,266	16,158

(Unit: Million US Dollar) (Unit: Million Baht)

Separate financial statements

For the six-month periods ended 30 June

	2025		2024		2025		2024
Transactions with subsidiaries (Eliminated from the consolidated financial statements)
Sales	236.3		245.8		7,887		8,960
Dividend income	-		45.5		-		1,659
Other income	1.9		2.1		65		75
Purchases of raw materials	46.7		35.6		1,557		1,297
Other expenses Transactions with the parent company	18.3		18.1		612		658
Sales	699.7	583.9		23,392		21,264
Purchases of fixed assets	2.4	-		79		-
Transactions with related companies
Sales	98.2	104.2		3,271		3,797
Purchases of raw materials	485.9	440.9		16,209		16,064

The balances of the accounts between the Group and those related parties are as follows:

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements

30 June

2025

31 December

2024

30 June

2025

31 December

2024

(Audited) (Audited)

Trade and other current receivables - related parties (Note 3)

Parent company	251,962	345,512	8,202,953	11,743,226
Associates	22,348	21,222	727,576	721,298
Related companies	94,428	102,218	3,074,245	3,474,150
Total	368,738	468,952	12,004,774	15,938,674
Less: Allowance for expected credit losses	(3)	(69)	(100)	(2,339)
Total trade and other current receivables - related parties, net	368,735	468,883	12,004,674	15,936,335
Trade and other current payables - related parties (Note 9)
Parent company	1,751	2,422	57,003	82,335
Associates	2,792	2,428	90,899	82,522
Related companies	189,720	234,731	6,176,606	7,978,017
Total trade and other current payables - related parties	194,263	239,581	6,324,508	8,142,874
Lease liabilities Associates	8,467	5,435	275,650	184,715
Total lease liabilities - related parties	8,467	5,435	275,650	184,715

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements

30 June

2025

31 December

2024

30 June

2025

31 December

2024

(Audited) (Audited)

Trade and other current receivables - related parties (Note 3)

Subsidiaries	94,106	124,467	3,063,733	4,230,363
Parent company	251,953	345,509	8,202,663	11,743,101
Associates	340	187	11,082	6,365
Related companies	92,735	100,618	3,019,103	3,419,786
Total	439,134	570,781	14,296,581	19,399,615
Less: Allowance for expected credit losses	(3)	(69)	(100)	(2,339)
Total trade and other current receivables - related parties, net	439,131	570,712	14,296,481	19,397,276
Trade and other current payables - related parties (Note 9)
Subsidiaries	35,793	33,003	1,165,292	1,121,709
Parent company	494	1,780	16,080	60,488
Associates	175	175	5,713	5,964
Related companies	188,532	232,944	6,137,904	7,917,246
Total trade and other current payables - related parties	224,994	267,902	7,324,989	9,105,407
Long-term loan from related party

The balance of long-term loan from related party and the movement are as follows:

(Unit: Thousand US Dollar)

			Consolidated	financial statements
		Balance as at 1 January		Translation	Balance as at 30 June
Long-term loan	Related by	2025	Received	adjustment	2025
Kinpo Electronics (China) Co., Ltd.	Subsidiary of the parent company	19,476	-	81	19,557
		19,476	-	81	19,557

		Balance as at 1 January			Translation	Balance as at 30 June
Long-term loan	Related by	2025	Received		adjustment	2025
Kinpo Electronics (China) Co., Ltd.	Subsidiary of the parent company	661,941		-	(25,240)	636,701
		661,941		-	(25,240)	636,701

(Unit: Thousand Baht) Consolidated financial statements

Long-term loan from Kinpo Electronics (China) Co., Ltd. was denominated in CNY currency on which interest is charged at the rate of 3.25% per annum and will be due in November and December 2026.

Directors and management's benefits

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements

For the three-month periods ended 30 June

	2025	2024	2025	2024
Short-term employee benefits	1,303	860	42,804	31,705
Post-employment benefits	36	26	1,168	985
Share-based payments	3	-	105	-
Total	1,342	886	44,077	32,690

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements

For the three-month periods ended 30 June

	2025	2024	2025	2024
Short-term employee benefits	213	188	6,960	6,960
Post-employment benefits	1	1	55	55
Total	214	189	7,015	7,015

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Consolidated financial statements

For the six-month periods ended 30 June

	2025	2024	2025	2024
Short-term employee benefits	2,079	1,664	69,091	60,619
Post-employment benefits	54	46	1,792	1,691
Share-based payments	569	-	19,294	-
Total	2,702	1,710	90,177	62,310

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

Separate financial statements

For the six-month periods ended 30 June

	2025	2024	2025	2024
Short-term employee benefits	418	384	13,920	13,990
Post-employment benefits	3	3	109	109
Total	421	387	14,029	14,099

Trade and other current receivables

(Unit: Thousand US Dollar) (Unit: Thousand Baht)

	30 June	31 December	30 June	31 December
	2025	2024	2025	2024
		(Audited)		(Audited)
Trade receivables - related parties (Note 2)
Aged on the basis of due dates
Not yet due	340,525	448,175	11,086,260	15,232,520
Past due
Less than 1 month	13,913	16	452,969	532
1 - 2 months	64	2,831	2,094	96,218
3 - 6 months	31	29	993	993
6 - 12 months	196	45	6,369	1,526
Over 12 months	-	88	-	2,983
Total	354,729	451,184	11,548,685	15,334,772
Less: Allowance for expected credit losses	(3)	(69)	(100)	(2,339)
Total trade receivables - related parties, net	354,726	451,115	11,548,585	15,332,433
Trade receivables - unrelated parties
Aged on the basis of due dates
Not yet due	422,322	471,282	13,749,262	16,017,871
Past due
Less than 1 month	6,816	12,328	221,911	418,994
1 - 2 months	1,308	3,294	42,595	111,968
2 - 3 months	311	2,371	10,134	80,566
3 - 6 months	140	225	4,560	7,653
6 - 12 months	19	45	578	1,523
Total	430,916	489,545	14,029,040	16,638,575
Less: Allowance for expected credit losses	(127)	(104)	(4,178)	(3,520)
Total trade receivables - unrelated parties, net	430,789	489,441	14,024,862	16,635,055
Total trade receivables, net	785,515	940,556	25,573,447	31,967,488
Other current receivables
Other current receivables - related parties
(Note 2)	14,009	17,768	456,089	603,902
Other current receivables - unrelated parties	9,510	9,088	309,632	308,886
Total	23,519	26,856	765,721	912,788
Less: Allowance for expected credit losses	(3,247)	(2,832)	(105,684)	(96,271)
Total other current receivables, net	20,272	24,024	660,037	816,517
Total trade and other current receivables, net	805,787	964,580	26,233,484	32,784,005

Consolidated financial statements

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