Listing of Sihanoukville Autonomous Port
Profile
Sihanoukville Autonomous Port was listed on the Cambodia Securities Exchange on 8 June 2017.
PAS is a state-owned public enterprise, which is the core deep-water seaport in the kingdom of Cambodia, covering an operational area of 125ha in Preah Sihanouk Province and is connected with various means of transportation including by road (National Road No.3 & No.4 and PP-SHV Expressway), railway, and airway which is 17km distance from PAS. PAS was established to operate with services including:
• Pilotage, bringing vessels in-out and providing logistics supplies
• Monitoring vessel movements through the Vessel Traffic System (VTS)
• Stevedoring operations, unloading & loading, and transit cargo/container
• Managing warehouse-container yard, and bonded warehouses
• Establishing and operating Special Economic Zone (SEZ)
• Construction and maintenance of ports, buildings, bridges, roads within port area
• Construction and maintenance of vessels, machinery, containers, signals and blight pump
• Development and expansion of existing infrastructure.
For more information, please visit www.pas.gov.kh.
Company
About Sihanoukville Autonomous Port
• In 2023: with a 400m-Container berth the port capacity is 550,000 TEUs/Year. By the end of 2023, the 2 units of Mobile Harbor Cranes were equipped and officially launched, highly presided over by Samdech Moha Borvor Thipadei HUN MANET, Prime Minister of the Kingdom of Cambodia on 22 December 2023. This increases the port capacity from 550,000 TEUs/Year to 650,000 TEUs/Year (container throughput in 2023 = 797,778 TEUs)
• In 2024: Renovate the general cargo berth into the 253m-container berth equipped with 2 QC & 6 RTG Cranes and dredging increasing the port capacity from 650,000 TEUs/Year to 1,000,000 TEUs/Year (container throughput in 2024 = 1,032,191 TEUs).
• In 2025, PAS implemented strategic measures to enhance operational efficiency and mitigate vessel and truck traffic congestion. By expanding the container yard and extra container gate, the port capacity increased from 1,000,000 TEUs to 1,300,000 TEUs (container throughput in 2025 = 1,347,726 TEUs).
Board of Directors
| Board of Directors | Title |
|---|---|
| 1. H.E. Lou KimChhun | Chairman |
| 2. H.E. Dr. Phan Phalla | Member |
| 3. H.E. Chhoun Vin | Member |
| 4. H.E. Kem Sithan | Member |
| 5. Mr. Hun Monivann | Member |
| 6. Mr. Hidetoshi Kume | Member |
| 7. Mr. Lou Likheng | Member |
Substantial Shareholders
| Shareholder | Nationality | Number of Shares | % of Shares |
|---|---|---|---|
| Government represented by Ministry of Economy and Finance | Khmer | 64,328,975 | 75.00% |
| KAMIGUMI CO., LTD | Japanese | 11,150,324 | 13.00% |
| Total | - | 75,479,299 | 88.00% |
Dividend Policy
The BOD of PAS adopted the dividend policy with the minimum guaranteed dividend yield of 5% per annum of the investment amount based on the IPO price for the period of 3 years after being listed at CSX, which is offered to the holders of Class C voting shares only.
After approving the annual closing accounts, the BOD shall allocate the net income available, if any, as follows:
- Compensation for loss(es) incurred in previous years.
- After the compensation, the remaining profit, if any, shall be distributed in the following manner:
(a) Reward to management and employees
o If the remaining profit accounts for 5% - 10% of the operating expenses of PAS, the reward shall be equal to the amount of one-month salary;
o If the remaining profit accounts for 10% - 20% of the operating expenses of PAS, the reward shall be equal to the amount of two-month salary;
o If the remaining profit accounts for above 20% of the operating expenses of PAS, the reward shall be equal to the amount of three-month salary;
(b) 5% of the net profit after deduction of the above-stated reward as Legal Reserve
(c) 5% of the net profit after deduction of the above-stated reward as Free Reserve
(d) 7% of the net profit after deduction of the above-stated reward as Social Fund, which shall be recorded as expense during the year.
(e) Dividend distribution to Class B, and Class C (subject to the BOD’s approval)
(f) The remaining amount shall be used to create Enterprise Development Fund.
Listing Information
| Company Name | Sihanoukville Autonomous Port |
|---|---|
| Symbol | PAS |
| ISIN Code | KH1000060009 |
| Industry | Port Services |
| Type of Listed Share | Voting Shares |
| Listed Shares | 85,771,967 |
| Listing Date | 8 June 2017 |
| Inception Year | 1956 |
| Number of Staff | 1,608 |
| Underwriter | SBI Royal Securities Plc. |
| First Trading Date | Jun 08, 2017 |
| IPO Price | 5,040 |
| Par Value | 1,000 |
| Newly Issued Shares | 21,442,992 |
| First Closing Price | 5,100 |
Trading Data Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Market Capitalization | 1,111,605 | 991,524 | 1,079,011 | 1,142,483 | 1,142,483 |
| Last Price | 12,960 | 11,560 | 12,580 | 13,320 | 13,320 |
| Average Price | 12,070.00 | 12,058.00 | 13,078.00 | 13,542.00 | 13,648.80 |
| High | 13,900 | 13,180 | 14,100 | 14,500 | 15,160 |
| Low | 11,400 | 10,620 | 12,100 | 12,800 | 12,700 |
| Trading Value per Day | 10.91 | 23.55 | 19.63 | 22.82 | 42.90 |
| Turnover Ratio | 2.68% | 6.1% | 4.59% | 5.13% | 9.24% |
| P/E | 6.02 | 8.16 | 9.20 | 13.80 | 12.49 |
| P/BV | 1.29 | 1.41 | 1.78 | 2.29 | 2.72 |
| Dividend Yield | 4.66 % | 4.79 % | 4.01 % | 3.41 % | 3.78 % |
| Dividend Payout Ratio | 7.54% | 9.37% | 12.96% | 14.29% | 11.53% |
| Cash Dividend per Share | 605.00 | 554.00 | 504.00 | 454.00 | 504.00 |
| ROE | 14.99 % | 12.41 % | 13.29 % | 10.21 % | 12.61 % |
| ROA | 8.47 % | 7.51 % | 8.05 % | 5.90 % | 6.65 % |
| Debt Ratio | 44.00 % | 40.00 % | 0.39 % | 0.42 % | 0.47 % |
| Current Ratio | 216.00 % | 238.00 % | 1.94 % | 2.62 % | 2.31 % |
Financial Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 2,289,278.00 | 1,773,325.00 | 1,602,825.00 | 1,427,149.67 | 1,427,149.67 |
| Property, Plant & Equipment | 1,565,457.00 | 1,214,424.00 | 1,093,446.00 | 963,713.00 | 966,165.84 |
| Current Assets | 439,280.00 | 303,493.00 | 261,266.00 | 210,117.00 | 202,852.00 |
| Inventory | 41,898.00 | 41,347.00 | 34,464.00 | 29,083.00 | 27,225.01 |
| Accounts Receivable | 202,954.00 | 117,649.00 | 48,073.00 | 37,957.00 | 35,659.91 |
| Cash | 102,152.00 | 27,186.00 | 19,342.00 | 23,586.00 | 22,468.93 |
| Total Equity | 1,225,001.00 | 1,069,902.00 | 972,045.00 | 863,800.95 | 783,894.16 |
| Share Capital | 518,018.00 | 518,018.00 | 518,018.00 | 518,018.06 | 518,018.06 |
| Retained Earnings | 632,607.00 | 490,181.00 | 404,521.00 | 304,692.31 | 234,156.26 |
| Total Liabilities | 1,064,277.00 | 703,423.00 | 630,780.00 | 562,344.65 | 643,255.51 |
| Current Liabilities | 1,064,277.00 | 127,308.00 | 134,386.00 | 80,290.99 | 87,755.00 |
| Accounts Payable | 127,481.00 | 72,557.00 | 36,943.00 | 35,066.07 | 44,208.16 |
| Revenue | 621,459.00 | 459,212.00 | 364,641.00 | 343,743.54 | 342,349.23 |
| EBIT | 225,693.00 | 163,107.00 | 163,353.00 | 107,837.00 | 122,240.08 |
| Net Income | 171,979.00 | 126,734.00 | 121,965.00 | 84,155.00 | 93,707.39 |
| EPS | 2,005.00 | 1,478.00 | 1,422.00 | 981.15 | 1,092.52 |
| Operating Cash Flow | 234,125 | 98612 | 80,985 | 87,735.44 | 122,192.53 |
| Investing Cash Flow | (397,297) | (120,944) | (71,977) | (32,728.44) | (79,144.68) |
| Financing Cash Flow | 238,138 | 30,176 | (13,252) | (53,889.56) | (51,319.99) |
| Net Cash Flow | 74,967 | 7,844 | (4,245) | 1,117.44 | (8,272.15) |
| Auditing Firm | PricewaterhouseCoopers (Cambodia) Ltd. | Ernst & Young (Cambodia) Ltd. | Ernst & Young (Cambodia) Ltd | PriceWaterhouseCoopers (Cambodia) Ltd. | PriceWaterhouseCoopers (Cambodia) Ltd. |
* Data as of the end of 2025 unless otherwise stated.
Disclosures
- 14 August 2026[Disclosure] Second Quarterly Report 2026 of Sihanoukville Autonomous Port (PAS) (Unofficial Translation)
- 12 August 2026[Disclosure] Increase in Profit / Loss (Unofficial Translation)
- 25 June 2026[Disclosure] Decision on Dividend Distribution (Unofficial Translation)
- 25 June 2026[Disclosure] Press Release on the Minutes of the General Shareholders’ Meeting (Unofficial Translation)
- 16 June 2026[Disclosure] PAS's Sustainability Report for 2025 (Unofficial Translation)
- 15 May 2026[Disclosure] The First Quarterly Report 2026 of Sihanoukville Autonomous Port (Unofficial Translation)
- 12 May 2026[Disclosure] Increase in Profit / Loss (Unofficial Translation)
- 11 May 2026[Disclosure] Decision on Organizing of General Shareholders Meeting (Unofficial Translation)
- 11 May 2026[Disclosure] Decision on Proposal of the Board of Directors on Dividend Distribution (Unofficial Translation)
- 31 March 2026[Disclosure] Annual Report 2025 of PAS (Unofficial Translation)
Source: Cambodia Securities Exchange (CSX) — csx.com.kh