Engages primarily in the business of producing and distributing electricity from renewable energy power plants, as well as providing services in power plant engineering design, procurement of power plant machinery and equipment, and integrated power plant construction.
| 9M25 | 9M24 | 2024 | 2023 |
|---|
| Revenues | 587.23 | 610.28 | 805.34 | 751.57 |
| Expenses | 418.84 | 439.86 | 592.62 | 599.10 |
| Net Profit (Loss) | 462.54 | 80.61 | 93.39 | 31.00 |
| Assets | 4,334.36 | 4,683.18 | 5,156.61 | 5,102.04 |
| Liabilities | 841.10 | 1,666.63 | 2,126.57 | 2,170.48 |
| Shareholders' Equity | 3,455.19 | 2,980.71 | 2,992.64 | 2,900.10 |
| Operating | 167.62 | 242.79 | 315.74 | 192.36 |
| Investing | 689.42 | 15.69 | 29.58 | -289.26 |
| Financing | -1,391.93 | -160.95 | 263.18 | 413.43 |
| EPS (Baht) | 0.21 | 0.04 | 0.04 | 0.01 |
| GP Margin (%) | 39.03 | 39.08 | 38.40 | 31.40 |
| NP Margin (%) | 78.89 | 13.92 | 12.33 | 4.58 |
| D/E Ratio (x) | 0.24 | 0.55 | 0.70 | 0.74 |
| ROE (%) | 14.77 | 3.18 | 3.17 | 1.07 |
| ROA (%) | 14.20 | 4.41 | 4.04 | 3.16 |
The ETC Group has planned to collaborate with partners in transportation management, as well as to reduce other electricity production costs. This includes the development of SRF fuel pellets that can significantly reduce SRF consumption, thereby leading to a corresponding decrease in fuel costs and ash disposal expenses. The utilization of highly efficient fuel pellets, optimized for machinery, also extends the operational lifespan of the equipment and reduces the frequency of unscheduled maintenance. These combined factors, along with ETC's machinery improvements, are projected to result in improved operational performance in 2025 compared to 2024.
1. A socially responsible and environmentally friendly organization that solves industrial waste problems for the country and does not pollute the environment by reducing greenhouse gas emissions and waste from the production process.
2. Continuous cost control management and development of power plant operations for maximum efficiency.
3. Business Expansion Management
The company reported a net profit of 422 million baht for the third quarter and 463 million baht for the nine-month period. For the third quarter, profit before income tax from normal operations was 43 million baht, an increase of 13.4 million baht from the same quarter of the previous year, plus a gain from the sale of investments in joint ventures amounting to 436 million baht, less income tax expenses of 58 million baht. This resulted in a net profit increase of 392 million baht for the third quarter alone, leading to a 378 million baht increase in profit for the nine-month period compared to the same period of the previous year. The entire group's electricity sales increased by 11% compared to the same quarter of the previous year and by 2% compared to the nine-month period.
- The result of the assessment of the quality of the Annual General Meeting of Shareholders for the year 2025 received a perfect score of 100.
- There was a report of the disposal of assets by Earth Tech Environment Public Company Limited concerning the disposal of shares in Get Green Power Company Limited and the disposal of shares in Suntech Innovation Power Company Limited.
- ETC received an excellent CGR assessment result for the year 2025 from the Thai Institute of Directors Association.
| as of 30/09/25 | ETC | ENERG | SET |
|---|---|---|---|
| P/E (X) | 20.02 | 12.51 | 16.67 |
| P/BV (X) | 0.52 | 0.91 | 1.21 |
| Dividend yield (%) | - | 4.64 | 3.67 |
| 30/09/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 1,568.00 | 3,897.60 | 6,092.80 |
| Price (B/Share) | 0.70 | 1.74 | 2.72 |
| P/E (X) | 20.02 | 41.70 | - |
| P/BV (X) | 0.52 | 1.31 | 2.11 |
