Chememan Public Company Limited

Chemical Man Public Company Limited, or CMAN, has announced plans to expand its production base overseas as it aims to become one of the world's top 5 lime producers. Mom Luang Chantrachutha Chantrathat, the company's chairman, disclosed at a Dinner Talk event for listed-company executives meeting investors in Chiang Mai province that CMAN currently ranks as the number 1 lime producer in the Indo-Pacific region and number 10 in the world, with raw material reserves of more than 150 million tons, total production capacity of more than 1.4 million tons, and more than 300 customers across more than 30 countries. Under its 1-3 year plan, the company is preparing to invest in India, where it expects clear progress and good news within the next 6-12 months, and to invest in Indonesia, where construction of a plant is expected to begin in the second quarter of 2570 after completing the acquisition of Lime Master last July. It is targeting EBITDA of more than 1.4 billion baht in 2571 and net profit of more than 1 billion baht per year within the next 5 years. Meanwhile, in the first six months of 2569, gross profit and net profit increased even as revenue declined in line with market conditions. The company is confident that this year's operating results will set a new record for a third consecutive year and that it will keep its gross profit margin above 30%.

Chememan Public Company Limited (CMAN) reported its second quarter 2026 results, with net profit attributable to shareholders of 84 million baht, down 21.9% from the same period last year. For the first six months, net profit attributable to shareholders stood at 256 million baht, up 7.6%. The company is advancing its JUMP+ project to enhance corporate value, aiming to push EBITDA to 1.4 billion baht by 2028, while expanding production capacity from 1.4 million tons per year to 2 million tons per year. It is also aggressively expanding its international business in India and Indonesia, with expectations of clear progress within the next 6-12 months.

Chememan Public Company Limited, or CMAN, reported net profit attributable to shareholders for the first six months of 2026 at 256 million baht, up 7.6% from the same period last year. Although total revenue from sales and services fell 4.6% to 1.888 billion baht, gross profit margin rose to 40.1% from 36.6% in the same period a year earlier. For the second quarter of 2026, net profit attributable to shareholders was 84 million baht, down 21.9% from the same quarter last year, impacted by geopolitical tensions that pushed up energy prices and freight costs. However, gross profit margin in the second quarter still increased to 38.2% from 37.2% in the same period last year. The company expects to start recognising positive results from the acquisition of Lime Master Company Limited from the third quarter onwards, and is confident that 2026 will deliver record-high performance. It is also pressing ahead with a medium-term plan to expand its business base in India and Indonesia, as well as a sustainability plan to increase solar power generation capacity to 8.7 megawatts.