PanAsialum faces uncertainty as major solar panel customer halts orders

PanAsialum Holdings Company Limited has disclosed that no new orders have been negotiated or agreed upon with its largest customer for solar panel products since mid-July 2025. This customer previously represented a significant portion of the Group's revenue, accounting for approximately 66.2% for the year ended 31 December 2024 and 65.3% for the six months ended 30 June 2025.

The company is currently attempting to contact the customer to understand their intentions, acknowledging that this development could have material impacts on the Group's revenue and profits for the second half of 2025.

PanAsialum plans to mitigate the potential impact by broadening its customer base through geographical diversification and by securing more business from existing clients. The Group also intends to implement cost-saving measures to streamline its operational expenses. Shareholders and potential investors are advised to exercise caution.