Listing of Grand Twins International (Cambodia) Plc.
Profile
Grand Twins International (Cambodia) Plc. was listed on the Cambodia Securities Exchange on 16 June 2014.
Grand Twins International (Cambodia) Plc. is a manufacturer of garments. It was incorporated in 2007. In 2008, it acquired QMI Industrial Co., Ltd, one of the first major garment manufacturers setting up operations in Cambodia since the 1990s. Grand Twins are manufacturing subcontractor and manufacturer of apparel for export. Today, its product portfolio includes world renowned sport apparel brand names including New Balance (NB), Polo ralph lauren, PUMA, Jack Wolfskin, Napapijri, AIGLE etc. Grand Twins’ export destinations include countries in Europe (52% of revenue in 2023), the United States (26% of revenue in 2023), Asia and other countries (22% of revenue in 2023).
For more information, please visit www.grandtwins.com.kh.
Company
About Grand Twins International (Cambodia) Plc.
- Grand Twins is eligible to receive tax exemption from both Canada and European Union.
- Currently Grand Twins is located on 32,341 square meter of land in Cambodia, with factory space of 21,620 square meters.
- The RALPH LAUREN, the manufacture company with brand POLO RALPH LAUREN, as the main client of Grand Twins in 2023.
Board of Directors
| Board of Directors (As of 17 JUN 2025) | Title |
|---|---|
| 1. Mr. Yang Po Yu | Chairman |
| 2. Mrs. Huang, Shao-Chien | Independent Director |
| 3. Mr. Chen Tsung-Chi | Executive Director and CEO |
| 4. Ms. Wang Yi Ting | Executive Director |
| 5. Mr. Huang Tung Fu | Non-Executive Director |
Substantial Shareholders
| Shareholder | Nationality | Number of Shares | % of Shares |
|---|---|---|---|
| Grand Twins International Ltd | BVI | 16,400,000 | 41.00% |
| HOPE RIDGE LIMITED | Taiwanese | 3,840,000 | 8.65% |
| J.A.S.T. INTERNATIONAL CO.,LTD. | Chinese | 2,286,178 | 5.72% |
| Total | - | 22,526,178 | 55.37% |
Dividend Policy
The remaining net profit after following distribution will be paid fully or partially to ordinary shareholders:
1) 10% of net profit after remaining from distribution to the loss incurred previous year shall be reserved for future loss.
2) After the compensation for loss and reserves the remaining profit will be distributed as below:
a) No more than 3% of net profit after tax will be paid as compensation for BOD.
b) Not less than 5% of net profit after tax will be paid to employee as a bonus.
Listing Information
| Company Name | Grand Twins International (Cambodia) Plc. |
|---|---|
| Symbol | GTI |
| ISIN Code | KH1000020003 |
| Industry | Apparel Clothing |
| Type of Listed Share | Common Shares |
| Listed Shares | 40,000,000 |
| Listing Date | 16 June 2014 |
| Inception Year | 2007 |
| Number of Staff | 2,727 |
| Underwriter | Phnom Penh Securities Plc. |
| First Trading Date | Mon, 16 Jun, 2014 |
| IPO Price | 9,640 |
| Par Value | 1,000 |
| Newly Issued Shares | 8,000,000 |
| First Closing Price | 9,220 |
Trading Data Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Market Capitalization | 320,800 | 203,200 | 113,600 | 152,000 | 168,800 |
| Last Price | 8,020 | 5,080 | 2,840 | 3,800 | 4,220 |
| Average Price | 6,721.00 | 3,370.00 | 3,213.00 | 4,058.12 | 4,096.82 |
| High | 9,000 | 5,460 | 3,730 | 4,460 | 4,980 |
| Low | 4,940 | 2,130 | 2,800 | 3,600 | 3,200 |
| Trading Value per Day | 56.24 | 32.23 | 29.07 | 18.14 | 10.23 |
| Turnover Ratio | 11.49% | 13.84% | 13.12% | 5.62% | 3.2% |
| P/E | 72.15 | 70.21 | 29.48 | 46.56 | 140.21 |
| P/BV | 1.13 | 0.48 | 0.45 | 0.53 | 0.60 |
| Dividend Yield | 0.62 % | 0.79 % | 1.06 % | 1.05 % | 0.36 % |
| Dividend Payout Ratio | 53.83% | 83.47% | 27.54% | 45.89% | 51.33% |
| Cash Dividend per Share | 50.00 | 40.00 | 30.00 | 40.00 | 15.00 |
| ROE | 1.32 % | 0.67 % | 1.53 % | 1.23 % | 0.42 % |
| ROA | 0.92 % | 0.52 % | 1.24 % | 0.99 % | 0.33 % |
| Debt Ratio | 29.90 % | 23.22 % | 19.01 % | 19.91 % | 21.47 % |
| Current Ratio | 345.55 % | 380.71 % | 629.00 % | 435.09 % | 415.74 % |
Financial Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 422,748.00 | 384,418.00 | 355,501.00 | 349,688.80 | 355,504.12 |
| Property, Plant & Equipment | 66,262.00 | 69,667.00 | 75,547.00 | 79,452.30 | 48,656.20 |
| Current Assets | 356,482.00 | 314,746.00 | 279,948.00 | 270,228.02 | 306,835.08 |
| Inventory | 77,870.00 | 60,783.00 | 62,351.00 | 91,213.51 | 109,620.71 |
| Accounts Receivable | 275,888.00 | 253,069.00 | 216,914.00 | 177,519.78 | 189,266.79 |
| Cash | 2,724.00 | 895.00 | 683.00 | 1,494.72 | 7,947.58 |
| Total Equity | 283,570.00 | 282,289.00 | 285,799.00 | 285,319.50 | 279,475.34 |
| Share Capital | 40,450.00 | 40,450.00 | 40,450.00 | 40,450.00 | 40,450.00 |
| Retained Earnings | 177,696.00 | 175,597.00 | 174,880.00 | 172,122.42 | 169,236.09 |
| Total Liabilities | 139,178.00 | 102,129.00 | 69,702.00 | 64,369.30 | 76,028.78 |
| Current Liabilities | 139,178.00 | 82,673.00 | 44,507.00 | 62,108.70 | 73,803.77 |
| Accounts Payable | 10,096.00 | 10,135.00 | 9,482.00 | 9,449.28 | 41,873.56 |
| Revenue | 327,616.00 | 336,376.00 | 332,985.00 | 419,032.54 | 512,484.39 |
| Gross Profit | 35,322.00 | 26,830.00 | 25,508.00 | 21,076.00 | 33,382.17 |
| EBIT | 11,954.00 | 8,671.00 | 9,106.00 | 6,455.16 | 460.21 |
| Net Income | 3,726.00 | 1,917.00 | 4,358.00 | 3,486.33 | 1,168.85 |
| EPS | 93.00 | 48.00 | 109.00 | 87.16 | 29.22 |
| Operating Cash Flow | (8,584) | (24,437) | 977 | 3,215.08 | 10,631.48 |
| Investing Cash Flow | (18,573) | (826) | (2,447) | (27,527.81) | (1,143.12) |
| Financing Cash Flow | 28,989 | 25583 | 764 | 17,727.65 | (5,463.19) |
| Net Cash Flow | 1,831 | 320 | (706) | (6,585.08) | 4,025.16 |
| Auditing Firm | BDO (Cambodia) Limited | Crowe (KH) Co., Ltd | Crowe (KH) Co., Ltd | Crowe (KH) Co., Ltd | Crowe (KH) Co., Ltd |
* Data as of the end of 2025 unless otherwise stated.
Disclosures
- 18 August 2026[Disclosure] Second Quarterly Report 2026 of GTI (Unofficial Translation)
- 17 August 2026[Disclosure] Change of New Logo and Contact Information of GTI (Unofficial Translation)
- 17 August 2026[Disclosure] Increase in Operating Profit/ Loss (Unofficial Translation)
- 3 June 2026[Disclosure] Report of the First quarter of 2026 (Unofficial Translation)
- 2 June 2026[Disclosure] Increase in Profit / Loss (Unofficial Translation)
- 29 May 2026[Disclosure] Decision on Dividend Distribution (Unofficial Translation)
- 29 May 2026[Disclosure] Press Release on the Minutes of the General Shareholders’ Meeting (Unofficial Translation)
- 13 May 2026[Disclosure] Delay in release of the first quarterly report of 2026 of GTI (Unofficial Translation)
- 8 May 2026[Disclosure] Rectification of the Dividend Payout Ratio of GTI (Unofficial Translation)
- 29 April 2026[Disclosure] Decision on Proposal of the Board of Directors on Dividend Distribution (Unofficial Translation)
Source: Cambodia Securities Exchange (CSX) — csx.com.kh