Banpu (BANPU) Q2 2026 earnings summary

Executive summary

• Completed amalgamation and established new entity, with shares trading on SET from August 2026.

• Announced interim dividend of 0.40 Baht/share, reflecting commitment to shareholder returns.

• Net profit for 2Q2026 was $49 million, up $78 million year-over-year, driven by diversified energy portfolio and cost management.

• EBITDA for 2Q2026 reached $327 million, with strong contributions from all business pillars.

Financial highlights

• Sales and service income for 2Q2026 was $1,438 million, up 16% year-over-year.

• Gross profit increased 26% to $318 million, with gross margin improvement across segments.

• Net profit attributable to owners was $49 million, compared to a loss of $29 million in 2Q2025.

• Basic earnings per share for 2Q2026 was $0.005 (Baht 0.160).

• Total assets as of 30 June 2026 were $14,423 million, up 3% from year-end 2025.

• Total equity increased 7% to $5,229 million.

Outlook and guidance

• Energy demand outlook remains strong, driven by AI and data center growth.

• Company aims to balance cash flow from existing businesses with future growth opportunities.

• Focus on expanding low-carbon and technology-driven businesses, including CCUS and battery storage.