Nonthaburi – RATCH Group Public Company Limited reported its operating results for the first quarter of 2026 (1 January – 31 March 2026), recording a net profit of THB 1,228 million, up 0.7% compared to the same period in 2025. Meanwhile, the Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 17.5% to THB 3,752 million, driven primarily by enhanced operational and asset management efficiency within IPPs portfolio, wind farms in Australia, and hydropower plants in the Lao PDR.
Mr. Nitus Voraphonpiput, Chief Executive Officer and President of RATCH Group, stated that during the first three months of the year, the company paid greater attention to fuel security management and maintaining high availability of its power generation assets, contributing to strong operational performance. Key contributors included Hin Kong gas-fired combined cycle power plant, Snapper Point gas turbine power plant in Australia, and Australia-based wind farms operated under its subsidiary, RATCH-Australia Corporation Limited. For the first quarter of 2026, the Company recorded total revenue of THB 12,321 million, of which 10,476 million was generated from conventional power generation assets, accounting for 85% of total revenue, and THB 1,292 million was contributed from renewable energy assets, representing 10.5% of total revenue, reflecting the company’s continued progress in expanding its investment portfolio toward low-carbon energy businesses, which are expected to support sustainable long-term growth.
“In 2026, the company has accelerated the development of new business by unlocking value of existing infrastructure and facilities at Ratchaburi Power Plant approaching PPA expiry to support new growth opportunities. Particularly, growing demand for data centers which require new forms of energy infrastructure has created strategic opportunity for the Company to leverage its expertise in utilities and energy and evolve into an integrated energy infrastructure platform for the digital economy, encompassing power, water, and highly reliable utility systems.
In addition, the Company continues monitoring demand and trend of future energy, including low-carbon industrial hubs, energy storage systems, direct power purchase arrangements and future fuels, which are key drivers of the energy transition towards low-carbon economy. At the same time, the Company remains committed to maintaining operational efficiency and safety standards across its existing assets to ensure power system reliability and sustainable economic returns for all stakeholders,” said Mr. Nitus, CEO and President of RATCH Group.
As of 31 March 2026, the Company reported total assets of THB 239,183 million, total liabilities of THB 125,660 million, and shareholders’ equity of THB 113,523 million. The Company’s financial position remains solid, with a debt to equity ratio of 1.11 times and return on equity of 10.9%.