Despite the global volatility and uncertainty due to the trade war and geopoliticaltensions, which significantly impacted the stability of the container shippingindustry, Regional Container Lines Public Company Limited (the 'Company' or'RCL') is nonetheless pleased to report that the Company was able to achieve a netprofit of the second quarter of 2025 comparable to that of the first quarter. It recordeda profit of THB 2,005 million, a slight decrease of THB 53 million or 2.6% compared tothe previous quarter. This was primarily due to a decline in freight income of THB 288million or 3.1%, despite a modest increase in total lifting of 1.4%. However, theaverage freight rate in the second quarter of 2025 declined to USD 406 per TEU,compared to USD 415 per TEU in the previous quarter.

However, for the six-month period of 2025, the Company netted a total profit ofTHB 4,063 million, an increase of THB 2,302 million or 130.7% compared to the sameperiod last year, which reported a net profit of THB 1,761 million. This was driven bya 28% increase in freight income, in line with a rise in total lifting of 144,000 TEUs, or12.2%, as a witness to the Company's fleet expansion. Six new vessels, comprisingboth 12,000 TEUs and 7,000 TEUs capacities, added to the Company's fleet from midlastyear through early this year. Additionally, the Company broadened servicenetwork and enhanced service offerings through reefer container services, enabling itto better meet the diverse needs of customers. In addition, the Company hascontinued to implement cost conscious measures as well as enhanced its fleet withmodern and energy-efficient vessels, resulting in only a 13% increase in cost of freightand operations, which was lower than the 28% increase in freight income as previouslymentioned. This reflects the Company's ability to maintain profitability consistently,even amid the ongoing uncertainty in global trade conditions.

During the first half of 2025, the container shipping industry continued to facepersistent challenges carried over from 2024, driven by various factors, most notablythe United States' import tariff policies which influenced global trade flows, andgeopolitical unrest along key shipping routes that have contributed to increasedshipping costs and longer transit times. Additionally, the substantial influx of newvessel supply entering the market since 2024 has exerted downward pressure onaverage freight rates. These factors have collectively added complexity andchallenges to operational management.

In response, the Company has implemented strategic initiatives focused onenhancing operational flexibility and resilience. These include diversifying its fleet interms of vessel sizes and container types to meet varying regional demands,expanding service networks into emerging markets such as Latin America, andimproving customer satisfaction through high-quality and consistent service.Furthermore, the rejuvenation of the fleet to support energy efficiency and alternativefuels not only aligns with IMO environmental regulations but also supports theCompany's cost management measures, reinforcing long-term profitability.

Lastly, the Company is pleased to announce that at the Board of Directors' Meeting No. 6/2025 held on August 8, 2025, a resolution was passed to declare aninterim dividend of THB 0.50 per share, with the Record Date set for August 25, 2025,and the dividend payment scheduled for September 5, 2025. Moreover, on July 16,2025, the Company was honoured with the Best Public Company of the Year Awardin the Transportation and Logistics category at the Money & Banking Awards 2025,marking the third time in four years that the Company has received this prestigiousaward. This achievement underscores the Company's commitment to industryleadership, operational excellence, and sustainable growth.