CKPower Profit Share from Xayaburi Rises 18%

Thairath•Economy•1h ago

Reader Briefing

CKPower reports a decline in net operating profit for the first nine months of 2026 despite an 18% increase in profit share from Xayaburi Power.

•CKPower had a net operating profit of 1,102 million baht in the first nine months of 2026, a 33% decrease from the previous year.
•CKPower recognized a profit share of 1,325 million baht from Xayaburi Power, an increase of 200 million baht or 18%.
•The Luang Prabang hydropower project construction is 82% complete according to plan.
•CKPower is seeking new investments based on the PDP 2026 draft plan, focusing on solar power and renewable energy.

•CKPower recorded a net operating profit of 1,102 million baht for the first nine months of 2026, representing a 33% decrease from the same period last year.
•CKPower net profit was pressured by lower electricity sales from Nam Ngum 2 and higher fuel costs at Bang Pa-in Cogeneration due to conflicts in the Middle East.
•CKPower recognized 1,325 million baht in profit share from Xayaburi Power, an 18% increase attributed to higher electricity sales and lower financial costs.
•At the end of September, Nam Ngum 2 reservoir levels were at 366 meters above mean sea level, while Xayaburi Power maintains good water flow and full production capacity.
•CKPower expects Xayaburi Power may benefit from water releases from dams on the upper Mekong River in China in early 2027.
•The Luang Prabang hydropower project construction has reached 82% completion.
•CKPower maintains a liquidity ratio of 2.26 times and a net interest-bearing debt to equity ratio of 0.52 times.
•CKPower started commercial operation of two solar power plants with a total capacity of 7 megawatts in September.

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Thanawat Treewisawawet(ธนวัฒน์ ตรีวิศวเวทย์)

Managing Director of CKPower.

CKPower(บริษัท ซีเค พาวเวอร์ จำกัด (มหาชน))

A public company producing electricity from hydropower and other sources.

Xayaburi Power(บริษัท ไซยะบุรี พาวเวอร์ จำกัด)

A company in which CKPower recognizes a share of operating profits.

Nam Ngum 2(น้ำงึม 2)

A hydropower plant operated by CKPower.

Bang Pa-in Cogeneration(บางปะอิน โคเจนเนอเรชั่น)

A power plant facing high fuel costs due to Middle East conflicts.

Xayaburi(ไซยะบุรี)ℹ️

A hydropower plant providing significant support to CKPower's results.

Luang Prabang(หลวงพระบาง)ℹ️

A hydropower project with 82% construction progress.

Middle East(ตะวันออกกลาง)ℹ️

A region where conflicts have impacted fuel costs for Bang Pa-in Cogeneration.

China(จีน)ℹ️

The location of dams on the upper Mekong River that may release water in early 2027.

Power Development Plan (PDP 2026)(แผนพัฒนากำลังผลิตไฟฟ้าของประเทศ (PDP 2026))

A draft national power development plan that CKPower is using to seek new investments.