Listing of PICASSO CITY GARDEN DEVELOPMENT PLC

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PICASSO CITY GARDEN DEVELOPMENT PLC

PICASSO CITY GARDEN DEVELOPMENT PLC was listed on the Cambodia Securities Exchange on 10 December 2025.

Picasso City Garden Development PLC is a leading luxury real estate developer in Cambodia, distinguished by its art-inspired design philosophy and premium project standards. The Company’s “APPEAL” strategy—focusing on Art, Project Quality, Prime Location, Elite Standards, and Luxury—positions it as a preferred brand among high-net-worth individuals, foreign executives, and elite local buyers.

For more information, please visit www.pcgdevelopmentplc.com.kh.

Company

Board of Directors

Board of Directors (As of 08 December 2025)Title
1. Mr. Teng Cheng YuehExecutive Chairman
2. Mr. Yeh, Wei-KuoNon-executive Director
3. Mr. Wea, Huei-FuNon-executive Director
4. Ms. Teoh Seok AiExecutive Director
5. Ms. Yang FanIndependent Director

Substantial Shareholders

ShareholderNationalityNumber of Shares% of Shares
Titan Stone Capital (Asia) Limited.Taiwanese7,500,00013.66%
Mr. Teng Cheng YuehCambodian7,250,00013.20%
Mrs. Yuan, Shu-ChenTaiwanese7,250,00013.20%
Mrs. Wea Chen, Chuen-MeiTaiwanese7,250,00013.20%
Mr. Yeh, Wei-KuoTaiwanese5,750,00010.47%
Mr. Wea, Huei-FuTaiwanese5,250,0009.56%
Mr. Lin, Ting-ChunTaiwanese5,000,0009.11%
Mr. Hsu, Chia-ChiehTaiwanese2,750,0005.01%
Total-48,000,00087.41%

Dividend Policy

The Company adopts a dividend policy that balances shareholder returns with long-term financial stability. When the Company reports profits, the Board of Directors will propose dividend allocations for approval at the General Meeting of Shareholders, while ensuring sufficient reserves for future growth. Dividend recommendations will consider factors such as:

- Cash position and retained earnings

- Financial performance, history, and projections

- Capital expenditure and investment plans

- Working capital requirements

- Contractual or contingent liabilities

Following the IPO, the Company commits to declaring and distributing an annual cash dividend equal to 7% of the IPO price for five (5) years, paid on a quarterly basis. Cash dividends will be paid to eligible shareholders based on the dividend record date each quarter.

If the Company is unable to distribute dividends during the guaranteed period, the unpaid amount will be carried forward.

Controlling shareholders individually agree to waive their rights to the guaranteed dividends and will only receive dividends approved by the Board of Directors and shareholders.

Listing Information

Company NamePICASSO CITY GARDEN DEVELOPMENT PLC
SymbolPCG
ISIN CodeKH1000250006
IndustryReal Estate
Type of Listed ShareVoting Shares
Listed Shares54,907,018
Listing Date10 December 2025
Inception Year2016
Number of Staff45
UnderwriterCambodia Securities Plc.
First Trading DateDec 10, 2025
IPO Price4,800
Par Value200
Newly Issued Shares4,907,018
First Closing Price5,140

Trading Data Summary

Year2025202420232022
Market Capitalization264,652---
Last Price4,820---
Average Price4,840.00---
High5,360---
Low4,700---
Trading Value per Day464.71---
Turnover Ratio34.01%---
P/BV7.18---
ROE(18.44%)(45.70%)(25.65%)191.68 %
ROA(4.89%)(9.25%)(7.52%)63.14 %
Debt Ratio73.51 %79.77 %70.69 %67.06 %
Current Ratio113.20 %66.16 %138.92 %167.62 %

Financial Summary

Year2025202420232022
Total Assets139,141.00106,258.00106,902.00113,616.00
Property, Plant & Equipment15,042.0014,192.001,474.001,620.00
Current Assets82,244.0036,928.0068,472.0078,754.00
Inventory6,298.003,812.0010,945.0024,905.00
Accounts Receivable11,135.004,972.006,124.005,566.00
Cash18,719.001,156.00283.00761.00
Total Equity36,859.0021,501.0031,328.0037,428.00
Share Capital10,981.009,402.009,402.009,402.00
Retained Earnings7,060.0012,787.0022,207.0028,016.00
Total Liabilities102,282.0084,757.0075,575.0076,189.00
Current Liabilities102,282.0055,815.0049,289.0046,984.00
Accounts Payable19,541.006,198.005,031.0017,300.00
Revenue16,479.0014,769.0033,180.00195,053.00
Gross Profit9,061.005,493.0015,981.00102,819.00
EBIT(5,777.00)(5,744.00)2,301.0095,574.00
Net Income(6,797.00)(9,827.00)(8,035.00)71,742.00
EPS(28.25)(196.53)(160.69)1,434.84
Operating Cash Flow(14,806)33,65415,26529,762
Investing Cash Flow3,156(35,438)(11,424)(28,228)
Financing Cash Flow29,1432,670(4,316)(2,554)
Net Cash Flow17,493887(475)(1,019)
Auditing FirmREACHS & PARTNERS CO., LTD.Reachs & Partners Co., LtdReachs & Partners Co., LtdReachs & Partners Co., Ltd

* Data as of the end of 2024 unless otherwise stated.

Disclosures

Source: Cambodia Securities Exchange (CSX) — csx.com.kh