Energy Absolute Public Company (EA) Q4 2024 earnings summary

Executive summary

• Operates across renewable energy (solar, wind, waste-to-energy), bio innovation (biofuel, SAF), and EV ecosystem businesses, with international investments in Laos and strategic partnerships in ASEAN power export projects.

• Focus on business continuity, investor confidence, and funding high-potential projects, including new renewable power plant bids and green data center initiatives.

Financial highlights

• Total revenue (excluding extraordinary items) for 2024 was 18,522 million Baht, down 41.4% year-over-year.

• EBITDA (excluding extraordinary items) for 2024 was 6,172 million Baht, down 41.3% year-over-year.

• Net profit from normal operations (excluding extraordinary items) for 2024 was 1,163 million Baht, down 68.8% year-over-year.

• Extraordinary items included a one-time write-off of 6,858 million Baht, significantly impacting net profit and EBITDA.

• Net profit attributable to owners (including extraordinary items) for 2024 was -4,630 million Baht, a sharp decline from previous years.

Outlook and guidance

• Targeting recovery of investment grade TRIS rating and maintaining global ESG rankings.

• Plans to leverage new capital from rights offering and warrants for growth and liquidity.

• Focus on expanding renewable energy, EV ecosystem, and international projects, with expected IRR of 15% for new renewable investments.