Nonthaburi - RATCH Group Public Company Limited has announced its operating results for the first quarter of 2025 (January 1 – March 31, 2025), recording a net profit of THB 1,220 million, a 20% decrease compared to the same period in 2024, which was primarily due to unrealized foreign exchange losses booked by the company and its subsidiaries, as well as decrease of Ratchaburi power plant’s revenue in line with the remaining term of its power purchase agreement, while profit sharing from joint ventures increased to THB 1,232.39 million, up 30.2%. For the first quarter overall, the company realized a total revenue of THB 6,987 million. Of this, THB 6,547 million, representing 94%, was contributed by the power generation business and THB 440 million, accounting for 6%, derived from infrastructures and other businesses.

Mr. Nitus Voraphonpiput, Chief Executive Officer of RATCH Group, stated that the company’s performance continues to reflect its strength and stability, with the power generation business remaining a key driver. In this quarter, conventional power plants and renewable power plants generated revenues of THB 5,273 million and THB 1,274 million, respectively. In addition, the efficient cost and expense management also played a significant role in supporting the company’s operations. As a result, RATCH recorded the earnings before interest, taxes, depreciation, and amortization (EBITDA) of THB 3,194 million.

“In the first quarter, RATCH Group focused on managing its existing assets to create economic value and returns for sustaining the company’s growth. The operating power plants continued their well performance in terms of both availability and production efficiency. Besides, the company is on the way to redefining its business strategies to steer future business direction and sustainable growth aligned with global and the country’s energy transition. This includes a development plan for the Ratchaburi power plant site, whose power purchase agreement will end shortly. The revisiting strategy is expected to be finalized in the second quarter of this year. In parallel, the company has already prepared a financial management plan, supported by a debenture issuance scheme with a total worth of THB 35 billion, which was approved at the 2025 Annual General Meeting of Shareholders on April 24.” Mr. Nitus added.

As of 31 March 2025, the company's financial position recorded THB 214,142 million in total assets, THB 107,148 million in liabilities and THB 106,994 million in shareholders' equity. The company maintains its financial strength, as reflected by a debt-to-equity ratio at 1.00 times and a return on equity of 10.52%