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EA Q3 Profit Returns to 450 Million Baht

EA Q3 Profit Returns to 450 Million Baht

MGR Online•Economy•21m ago

Reader Briefing

Energy Absolute recorded a net profit of 450.23 million baht in the third quarter, driven by wind power, carbon credits, and waste management.

  • •Energy Absolute reported a Q3 net profit of 450.23 million baht and total revenue of 3,329.20 million baht.
  • •The company's wind power plants generated 1,684.16 million baht in revenue, a 14.8% increase year-on-year.
  • •Energy Absolute delivered 57,327 ITMOs to the KliK Foundation in Switzerland during this quarter.
  • •Industrial production of 1,520 electric buses for BMTA began at Absolute Assembly on September 1, 2026.

Overview

  • •Energy Absolute reported a Q3 net profit of 450.23 million baht, recovering from a loss in the previous quarter.
  • •Energy Absolute's Q3 results were positively impacted by the reversal of Expected Credit Loss (ECL) items.
  • •The business group comprising carbon credits, waste management, and Solar Rooftop earned 566.40 million baht in Q3, up 81.1% from the previous quarter.
  • •Energy Absolute delivered a cumulative total of 108,960 ITMOs to KliK Foundation, equivalent to reducing 108,960 tons of carbon dioxide.
  • •The waste management project on Koh Larn has been operational since February 2026, with a capacity of 100 tons per day.
  • •Energy Absolute expects the Phuket waste management and power plant project to begin commercial operations in Q2 2027.
  • •Energy Absolute plans to deliver electric buses in batches of 500 in March, 500 in April, and 520 in May 2027.
  • •Energy Absolute prepares to trial the production of Sustainable Aviation Fuel (SAF) and/or HVO in Q1 2027.

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Key Quotes

Chatpol Sripraphum
"What EA has laid the foundation for is beginning to show clear business results."
สิ่งที่ EA วางรากฐานไว้เริ่มเห็นผลทางธุรกิจชัดขึ้น

Key Entities

Organization

Energy Absolute(พลังงานบริสุทธิ์)
A company operating in clean energy, electric vehicles, and waste management, also known as EA.
KliK Foundation
An organization in Switzerland that received ITMOs from the Bangkok E-Bus Programme.
BMTA(ขสมก.)
The organization for which 1,520 electric buses are being produced.
Nakhonchai Air(นครชัยแอร์)
A company collaborating on the electric bus project for BMTA.
Absolute Assembly(แอ๊บโซลูท แอสเซมบลี)
The manufacturer and assembler of buses for the BMTA project, abbreviated as AAB.
Next Point(เน็กซ์ พอยท์)
The vehicle provider for the BMTA project, abbreviated as NEX.
Provincial Electricity Authority(การไฟฟ้าส่วนภูมิภาค)ℹ️
An organization that signed a cooperation agreement with Energy Absolute regarding Battery Energy Storage Systems (BESS).

Person

Chatpol Sripraphum(ฉัตรพล ศรีประทุม)
Chief Executive Officer of Energy Absolute Public Company Limited.

Place

Koh Larn(เกาะล้าน)ℹ️
Location of an operational waste management project by Energy Absolute.
Phuket(ภูเก็ต)ℹ️
Location of a waste management and power plant project currently under construction.

Law

Paris Agreement(ความตกลงปารีส)ℹ️
The international agreement under which ITMOs are issued and transferred via Article 6.2.