GULF Reports Record Profit Driven by Energy and Digital Growth in Q2/2026
GULF's core profit reached THB 12,332 million in Q2/2026, a 74% increase YoY, with significant contributions from energy and AIS. The company anticipates a revenue and EBITDA growth of 12-15% for 2026, bolstered by new power projects and digital sector expansions.
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In Q2/2026, GULF's core profit surged to THB 12,332 million, aided by its energy business and contributions from AIS. The company recorded a 41% YoY increase in EBITDA to THB 18,997 million. While profits from 19 SPP projects slightly declined due to rising natural gas costs, electricity sales to industrial users grew, with load factors improving.
Renewable energy projects contributed THB 402 million, and the share of profit from AIS rose to THB 4,549 million, a 31% increase. GULF's total assets stood at THB 815,968 million, with a net debt-to-equity ratio of 1.06 times. The company aims for 12-15% growth in revenue and EBITDA in 2026, alongside continued investment in renewable energy and digital services.
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