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ACE 9-Month Profit Grows 45.6% Driven by Solar and Waste Plants

ACE 9-Month Profit Grows 45.6% Driven by Solar and Waste Plants

MGR Online•Economy•33m ago

Reader Briefing

Absolute Clean Energy reported a 45.6% increase in net profit for the first nine months of 2026.

  • •Absolute Clean Energy achieved a net profit of 852.8 million baht for the first nine months of 2026.
  • •The company's Q3 2026 net profit rose 23.2% to 259.7 million baht.
  • •Growth was driven by increased profits from solar farms and community waste-to-energy plants.
  • •Absolute Clean Energy maintains a BBB+ credit rating with a Stable outlook from TRIS Rating.

Overview

  • •Absolute Clean Energy recorded total revenue of 5,133.8 million baht and net profit of 852.8 million baht for the first nine months of 2026.
  • •The increase in Q3 2026 gross profit to 510.6 million baht resulted from more solar projects reaching COD and increased operating hours at community waste power plants.
  • •Absolute Clean Energy is studying details to prepare for bidding in the Community-based Solar Power Generation Project 2026.
  • •On August 31, 2026, TRIS Rating maintained the corporate credit rating of Absolute Clean Energy at BBB+ with a Stable outlook.
  • •On October 19, 2026, Absolute Clean Energy fully redeemed the 1/2023 Series 2 debentures valued at 155.40 million baht.
  • •Absolute Clean Energy currently has 91 clean energy projects with a total installed capacity of 766.84 megawatts, consisting of 47 commercial projects and 44 under development.
  • •Absolute Clean Energy aims to achieve Net Zero Emission by the year 2050.

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Key Quotes

Thanachai Bunditwaraphum
"The performance for the third quarter of this year remains in line with the direction and plans laid out."
ผลการดำเนินงานไตรมาส 3 ของปีนี้ยังเป็นไปตามทิศทางและแผนงานที่วางไว้

Key Entities

Organization

Absolute Clean Energy(บริษัท แอ๊บโซลูท คลีน เอ็นเนอร์จี้ จำกัด (มหาชน))
A Thai clean energy business leader identified as ACE.
TRIS Rating(ทริสเรทติ้ง)
The entity that maintained the corporate credit rating of Absolute Clean Energy at BBB+.

Person

Thanachai Bunditwaraphum(ธนะชัย บัณฑิตวรภูมิ)
The Chief Executive Officer of Absolute Clean Energy.

Policy

Community-based Solar Power Generation Project 2026(โครงการโซลาร์ฟาร์มชุมชน (Community-based Solar Power Generation Project) พ.ศ. 2569)
An electricity procurement plan published in the Royal Gazette that Absolute Clean Energy is studying for bidding.