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BGRIM Q1 Profit Up 10.2%, Plans to Import Max 5 LNG Ships

BGRIM Q1 Profit Up 10.2%, Plans to Import Max 5 LNG Ships

MGR Online•Economy•16d ago

Reader Briefing

B.Grimm Power reports a 10.2% year-on-year profit increase for Q1 2026, reaching 721 million baht, and plans to import up to five LNG vessels this year.

  • •B.Grimm Power's net profit for Q1 2026 increased by 10.2% to 721 million baht.
  • •The company's EBITDA grew by 1.9% to 3,795 million baht, driven by lower gas costs and increased service revenue.
  • •BGRIM plans to import no more than five LNG vessels this year into the Pool Gas system.
  • •Gas prices for SPP are expected to rise to 330-350 baht/MMBtu.

Overview

  • •B.Grimm Power (BGRIM) reported a net profit of 721 million baht for Q1 2026, representing a 10.2% increase from the same period last year, due to lower gas costs and increased service revenue.
  • •BGRIM's EBITDA stood at 3,795 million baht in Q1 2026, a 1.9% growth from the previous year, driven by contributions from service revenue and project development.
  • •Total revenue for BGRIM in Q1 2026 was 12,726 million baht, a 7.1% decrease year-on-year, primarily due to a reduction in electricity and steam selling prices.
  • •Electricity sales volume for BGRIM increased by 2% year-on-year to 3,763 GWh in Q1 2026, with sales to domestic IUs rising by 6.6% to 860 GWh.
  • •The selling price of electricity to domestic IUs for BGRIM decreased by 7.6% to 3.51 baht/kWh in Q1 2026, aligning with the Ft adjustment to 9.72 satang/kWh.
  • •B.Grimm Power plans to import no more than five LNG vessels into the Pool Gas system in 2026.
  • •Gas prices for Small Power Producers (SPP) are projected to be between 330-350 baht/MMBtu in 2026, higher than the 323 baht/MMBtu recorded in 2025.
  • •Several new B.Grimm Power projects are expected to commence Commercial Operations, including the 80 MW Intri B.Grimm solar power plant and the 365 MW Nakwol 1 offshore wind farm.

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Key Entities

Organization

B.Grimm Power(บี.กริม เพาเวอร์)ℹ️
A Thai energy company that reported its Q1 2026 financial results and future LNG import plans.
BGRIM
The stock ticker symbol for B.Grimm Power, mentioned in the context of its financial performance.
Electricity Generating Authority of Thailand(การไฟฟ้าฝ่ายผลิตแห่งประเทศไทย)ℹ️
A Thai state-owned power utility to which B.Grimm Power sells electricity.
Zhongce Rubber
A company for which B.Grimm Power is developing a rooftop solar power plant at the Amata City Industrial Estate.

Person

Harald Link(นายฮาราลด์ ลิงค์)ℹ️
Chairman of B.Grimm Power, who provided details on the company's Q1 2026 performance and future plans.

Project

Malacha
A project associated with B.Grimm Power that experienced revenue reduction due to less water availability.
Intri B.Grimm(อินทรี บี.กริม)
An 80 MW solar power project by B.Grimm Power expected to commence Commercial Operations.
Nakwol 1
A 365 MW offshore wind power project by B.Grimm Power expected to commence Commercial Operations.
Huong Hoa 1
A 48 MW onshore wind power project by B.Grimm Power expected to commence Commercial Operations.

Place

Domestic(ในประเทศ)
Refers to the domestic market within Thailand where B.Grimm Power sells electricity to industrial clients.
Amata City Industrial Estate, Rayong(นิคมอุตสาหกรรมอมตะซิตี้ ระยอง)
The location of the Zhongce Rubber rooftop solar power plant developed by B.Grimm Power.

Policy

SPP
Abbreviation for Small Power Producers, whose gas prices are projected to increase.