Energy Absolute Public Company (EA) Q3 2025 earnings summary

Executive summary

• Engaged in manufacturing/distribution of crude palm oil, biodiesel, glycerin, renewable power, batteries, EVs, and charging stations.

• Interim financials prepared per Thai Accounting Standard 34 for the nine months ended 30 September 2025.

Capital allocation and financing

• Credit rating downgraded from BBB+ (Negative) to BB+ (Affirmed Negative) on 15 July 2024, impacting credit facilities and debenture plans.

• Raised Baht 7,422 million via rights offering of 3.7 billion new shares at Baht 2/share.

• Extended long-term loan facility by Baht 3,000 million with additional collateral.

• Debenture holders approved maturity extensions and amended repayment terms for 11 series totaling Baht 18,666 million.

• Management is sourcing additional external funds to support liquidity.

Segment performance

• Five reportable segments: palm oil/biodiesel/glycerin, renewable electricity, batteries, EVs, and others.

• Segment revenue for nine months ended 30 Sep 2025: Palm oil/biodiesel/glycerin Baht 2,953m, renewable electricity Baht 7,793m, batteries Baht 2,444m, EVs Baht 1,350m, others Baht 1,003m.

• Total consolidated revenue Baht 14,398m for the period.

• Segment profit before tax: Renewable electricity Baht 5,015m, others negative or marginal.