Banpu (BANPU) Q4 2024 earnings summary

Executive summary

• The consolidated and separate financial statements for the year ended 31 December 2024 were audited and present fairly in accordance with Thai Financial Reporting Standards.

• The Group operates in energy resources, energy generation, and energy technology across multiple countries.

Financial highlights

• Consolidated sales and service income for 2024 was $5,148 million, with gross profit of $1,248 million, down from $1,418 million year-over-year.

• Net profit attributable to owners was a loss of $23.67 million, compared to a profit of $159.98 million in 2023.

• Basic earnings per share were $(0.002) in USD and $(0.068) in Baht.

• Total assets as of 31 December 2024 were $6,639.7 million; total equity was $2,028 million.

• Dividend payments in 2024 totaled Baht 3,807 million (approx. $105.4 million).

Outlook and guidance

• The Group is assessing the impact of new financial reporting standards effective from 2025, including Pillar Two global minimum tax rules.

• No additional top-up tax is expected for 2024 under Pillar Two rules.