PSP Board Approves Interim Dividend of THB 0.30 per Share Strong First-Half 2026 Performance Delivers Robust Growth

P.S.P. Specialties Public Company Limited (PSP), a leading provider of integrated lubricant product solutions, announced that its Board of Directors approved an interim dividend of THB 0.30 per share, totaling THB 420 million, with payment scheduled for October 5, 2026. The payment underscores PSP’s commitment to delivering dividends twice a year, with dividend payments increasing each year consistently since the Company’s listing on the Stock Exchange of Thailand (SET) in 2023.

For the first six months of 2026, PSP reported net profit of THB 801.46 million, a 52.6% increase year-on-year, driven by continued growth from its existing customer base and new customers, contributions from newly invested businesses, and effective cost and margin management.

The Company continues to execute its JUMP+ strategy for 2026–2028, focusing on expanding export markets and developing higher-value-added products, with a target of achieving net profit of more than THB 1 billion in 2026.

The Board of Directors of P.S.P. Specialties Public Company Limited resolved at its meeting held on September 7, 2026, to approve the payment of an interim dividend to shareholders based on the Company’s operating results for the first six months of 2026. The XD (Ex-Dividend) date is September 18, 2026, with the dividend payment scheduled for October 5, 2026.

Since PSP was listed on the Stock Exchange of Thailand on August 30, 2023, the Company has consistently paid dividends to shareholders twice a year, with dividend payments increasing each year. Based on its operating results, PSP paid dividends of THB 0.15 per share for 2023, THB 0.20 per share in total for 2024, and THB 0.28 per share in total for 2025.

The latest interim dividend, approved at THB 0.30 per share, totaling THB 420 million, reflects PSP’s continued commitment to delivering shareholder returns, underpinned by strong business performance and a solid financial position.

For the six months ended June 30, 2026, PSP recorded total revenue of THB 7,279.95 million and net profit of THB 801.46 million, representing a 52.6% year-on-year increase. The strong performance was supported by revenue growth from both domestic and international customers, improved margins driven by a higher contribution from specialty products, and stronger earnings from newly invested businesses, including chemical recycling and automotive tire and parts distribution businesses. The Company also benefited from lower interest expenses and effective management of costs and raw material volumes.

PSP continues to execute its previously announced JUMP+ strategy for 2026–2028, which targets net profit of THB 1 billion by 2028, building on the Company’s record-high net profit of THB 853.5 million in 2025.

The strategy is driven by three key pillars: maintaining market leadership in Thailand while expanding export revenues; developing innovative, higher-value-added products; and expanding the business through mergers and acquisitions, joint ventures, and strategic investments in businesses connected to the industry value chain.

In the second half of 2026, PSP will continue to prioritize expansion into high-potential ASEAN markets, while further developing specialized products to support the growth of electric vehicles (EVs) and environmentally friendly bio-based products, in line with its Specialized Creation strategy.

At the same time, PSP remains committed to advancing sustainable development under its vision of “Growing Sustainably and Leading the Green Industry.” In 2025, the Company received an “A” rating in the SET ESG Ratings assessment and achieved a 5-star Corporate Governance Report (CGR) rating. PSP has also established concrete environmental management initiatives to achieve its target of Zero Landfill by 2029 and ultimately reach Net Zero greenhouse gas emissions by 2050.

The Company’s consistent increase in dividend payments reflects PSP’s commitment to delivering stable and sustainable returns to shareholders, while continuing to invest in long-term growth. PSP remains focused on executing its strategic priorities, including maintaining its leadership position in the domestic market, expanding its presence internationally, and developing higher-value-added products to drive strong and sustainable business growth.

PSP’s dividend policy is to pay dividends at a rate of not less than 35% of net profit from the Company’s separate financial statements, after deduction of corporate income tax and statutory and other reserves as required by applicable laws and the Company’s Articles of Association. The actual dividend payout may vary depending on the Company’s operating performance, cash flow, liquidity, financial position, investment plans, working capital requirements, economic conditions, and other relevant factors as deemed appropriate by the Board of Directors. In the case of interim dividends, the Board of Directors is authorized to approve such payments from time to time when it considers that the Company has sufficient profits to do so, with the payment subsequently reported to shareholders at the next shareholders’ meeting.