Nonthaburi – RATCH Group Public Company Limited reported its operating results for the first half of 2025 (January 1 – June 30, 2025), posting a net profit of THB 3,277 million, a 14% decrease compared to the same period last year due to unrealized foreign exchange losses recorded by the company and its subsidiaries, while Earnings before interest, taxes, depreciation, and amortization (EBITDA) recorded at THB 7,536 million. Total revenue for the period realized THB 16,030 million, of which 96% was generated from the power generation business and 4% from other businesses. Meanwhile, profit sharing from joint ventures increased by 12% to THB 3,662 million.

Mr. Nitus Voraphonpiput, Chief Executive Officer of RATCH Group, stated that the company remains focused on driving continuous and sustainable growth, with power generation as its core business. In the first six months, the company earned THB 15,307 million from power generation and renewable energy contributed to 15% of total revenue or THB 2,443 million. RATCH has also revised its strategic plan and accelerated internal competency enhancement to support new business development. In addition, the company is actively managing its asset portfolio to align with its new business direction, which emphasizes power generation, renewable energy, energy innovation, and energy-related infrastructure.

“In the second quarter, RATCH completely liquidated its stake in Smart Infranet Co., Ltd. and Things On Net Co., Ltd. to be in line with its strategic plan. The company also prioritized financial efficiency to reduce costs and prepare funding for future investments. Currently, RATCH has a debenture issuance scheme worth THB 35 billion, approved by the shareholders’ meeting. Recently, the company secured a THB 5 billion green loan to support investments in renewable energy and infrastructure projects that facilitate energy transition, as well as research and development of high-potential energy innovation projects. These efforts aim to contribute to the company’s carbon neutrality and net-zero greenhouse gas emission goals,” Mr. Nitus added.

As of 30 June 2025, RATCH reported total assets of THB 212,609 million, total liabilities of THB 109,110 million, and shareholders’ equity of THB 103,499 million. The company maintains strong financial strength, reflected by a debt-to-equity ratio of 1.05 times and a return on equity of 10.08%