In 2025, the Company achieved the best performance since being listed on the Stock Exchange of Thailand in 2023 as a result of adjusting its operational strategy to align with Ŵuctuations of the global economy, restructuring the business to enhance operational efųciency, and implementing continuous cost management and control. Amidst a slowdown of the domestic market, the Company successfully captured growth opportunities by positioning Vietnam as the production and export hub.

In 2025, the Company’s profit margin increased to 4.0%from 3.1% of last year. The Proųt attributable to owners of the Company amounted to 932 million Baht, and EBITDA reached 3,259 million Baht, representing increases of +15% and +4% year-on-year, respectively. These operating results include non-recurring expenses, primarily from business restructuring, totaling approximately 94 million Baht. Meanwhile, the Company recorded total sales revenue of 22,676 million Baht, a decrease of -11% from the previous year, attributed to the continued market slowdown and the impact of Thai Baht appreciation.

Amidst the soft domestic market, the Company has accelerated to increase its competitiveness by focusing on investing in energy cost saving projects, increasing the use of biomass fuel and solar energy, which has resulted in a signiųcant decrease in energy costs. Furthermore, the business restructuring initiated in the 4th quarter of 2024 and continuing through 2025, combined with integration of technology and automation in production processes for decor surface and bathroom, has yielded substantial beneųts. The implementation of a centralized warehouse management system (One WMS) has reduced warehouse management expenses by 10% annually and improved the speed of product delivery to customers by 15-30%. Additionally, effective working capital management and reduction of ųnancial costs have further strengthened the Company’s operational performance.

To maintain market share in the Decor Surface and Bathroom businesses, the Company has implemented a strategy to diversify its product portfolio into Complementary business and New Growth product to cover all customer segments during the domestic market slowdown. The Company launched “Smart Value Product” (SVP) group which is standard-quality-products at a reasonable price for mid-to-mass segment while continuing to drive High-Value Added (HVA) products designed to meet living needs, which accounts for approximately 39% of revenue from sales.

Examples of HVA products launched this year include Flowel PureTECH by COTTO: air-purifying tiles that can absorb unpleasant odors and balance air humidity; X-Strong tiles: superior strength tile, capable of supporting more than 350 kilograms per square centimeter; SQUIBB and KLIRR smart toilets: enhance convenience, reduce water consumption, and minimize hand contact; Xquisia Faucets: received an international award for outstanding product design. The Company has also developed environmentally friendly products, such as toilet that uses a coating made from eggshells and seashells as a substitute for limestone.

In addition to Thailand’s role as a center for brand development, design, and product innovation, at the same time, the Company prepares the business Award winning product from integration of beauty and function 5 PRIME is the growth engine to capture future growth opportunities by positioning PRIME Vietnam as the Company’s growth pillar, with two key operational strategies as follows:

1. Expand production capacity of Glazed Porcelain tile 5 million square meters per year at the Pho Yen factory in the northern region to meet rising demand both domestically and internationally. In 2026, the Company has a plan to further increase capacity by another 6.6 million square meters per year at the Dai Loc factory in the central region, with an investment budget of 599 million Baht. In total, PRIME will have a glazed porcelain tile production capacity of over 26 million square meters per year, accounting for 32% of the total production capacity in Vietnam
2. Growth Engine as Production and Export hub of the Company through Regional Optimization leveraging PRIME’s existing cost advantages and further cost management, the Company has strengthened its competitiveness of the products for both domestic market and export markets. For instance, exporting tiles from PRIME to certain areas in the Philippines can achieve cost savings of 25% compared to tiles produced locally in the Philippines. This year, PRIME successfully penetrated into new markets, including Mexico, the United States, Singapore, South Korea, Australia, the Czech Republic, and several other countries in Eastern Europe.

In addition to the operational strategies of 2025, the Company has made progress toward its long-term goals in the Decor surface, Bathroom, and Complementary businesses as follow:

• Opened the 5^th COTTO LiFE Ŵagship showroom in Phuket, a large-scale facility featuring Lifestyle Tiles & Solutions and bathroom with comprehensive services.
• Increased regional bathroom distributors to support plant expansion in ASEAN. The Company leveraged its leadership in the Decor Surface business, with its strong brand and distribution channels, to sell bathroom products in the region. In 2025, the number of overseas bathroom distributors increased from 170 in 2024 to 201 resulting in sales growth in Vietnam and Indonesia (in local currency) of 31% and 33% year-on-year, respectively.
• Expanded Complementary business in Thailand, with plans for future expansion into ASEAN. In 2025, the Company enhanced its portfolio of related products, including tile adhesive and grout, doors and windows, and kitchen countertops. The Company’s total sales from these complementary products and services exceeded 420 million Baht, an increase of +21% compared to last year.

In addition to its strong operational performance, the Company and its subsidiaries have received numerous awards, underscoring our stable operations resulting and our focus on sustainable business in all aspects from prudent strategic planning, effective management, and a focus on sustainable business fundamentals across all dimensions—governance, environmental responsibility, and social commitment. These accolades include:

a Corporate Governance Report (CGR) rating of “Excellent” (5 stars) for the 2^nd consecutive year in the Property & Construction industry group 2025; SET ESG Ratings AA level and inclusion in the SETESG Index for 2025; Outstanding Investor Relations Award from the SET Awards 2025; consumer brand awards such as 2025 Thailand’s Most Admired Brand from BrandAge (for COTTO, for the 14th consecutive year) and Marketeer Number 1 Brand Thailand (for the 10^th consecutive year); ASIA’s Top Infuential Brand 2025, and Top CSI 100 Sustainable Enterprise (for the 3^rd consecutive years) of PRIME Vietnam.

At the end of 2025, the Company maintained a strong ųnancial position with a Net Debt to EBITDA ratio of 1.1 times and stable cash Ŵow from solid operational performance. Cash and cash equivalents were 8,948 million Baht. Therefore, the Board of Directors resolved to propose to the Annual General Meeting of Shareholders the approval of the 2025 annual dividend payment at the rate of 0.34 Baht per share. This comprises an interim dividend of 0.15 Baht per share, paid in August 2025 and theremaining dividend is 0.19 Baht per share. This proposal aims to support shareholders during the period of economic volatility and demonstrates conųdence in the business growth, strong cash Ŵow, and robust ųnancial standing.

Finally, the Board of Directors would like to express gratitude to our shareholders, investors, customers, partners, and all stakeholders for their continuous supports. The Company commits to operate under the principles of good corporate governance, care for society and the environment, and collaborate with all sectors to create maximum beneųt for all stakeholders.