Absolute Clean Energy PCL

Absolute Clean Energy Public Company Limited, or ACE, is conducting an in-depth study of the criteria for the 2026 community solar farm project in preparation for participating in the auction. Thanachai Bunditvorapoom, Chief Executive Officer, told Than Hoon that the company is fully ready to join the auction if it finds the investment worthwhile and aligned with its vision. In the past, the company has won auctions for similar solar farm projects, and he confirmed that this project is not yet included in the project plan figures previously provided during the Stock Exchange's Earnings Call, since figures can only be announced once the company has won the auction and received an official contract. Meanwhile, the Energy Regulatory Commission's regulations designate the Metropolitan Electricity Authority and the Provincial Electricity Authority as the power purchasers at a feed-in tariff rate of 2.1679 baht per unit, in line with the National Energy Policy Council's resolution at its 2/2026 meeting (the 176th) on 15 July 2026. As of the end of the second quarter of 2026, ACE had a total of 39 solar projects, with total installed capacity of 243.37 megawatts and total power purchase agreement capacity of 129.41 megawatts, divided into 31 projects already in operation with total installed capacity of 202.19 megawatts and total power purchase agreement capacity of 108.45 megawatts, and 9 projects in the pipeline with total installed capacity of 41.18 megawatts and total power purchase agreement capacity of 20.96 megawatts. Its community waste-to-energy power plant projects total 11, divided into 2 already in commercial operation, 2 under construction, and 7 awaiting power purchase agreements and development steps. The company expects revenue between 2026 and 2029 to grow steadily and continuously, driven by the base revenue from the 47 existing power plant projects already in operation, the gradual recognition of revenue from new projects, and opportunities from new renewable energy projects in the future.

Absolute Clean Energy Public Company Limited (ACE) has announced its readiness to participate in the bidding for clean energy projects under the new Power Development Plan (PDP 2026), which will be opened for public hearing on September 8, 2026. The company plans to invest over 10 billion baht in new projects during 2026-2027, with approximately 70% of the project value financed through loans. Its interest-bearing debt to equity ratio (IBD/E) stood at 0.46 times as of June 2026. In the second half of this year, the company will commence commercial operation (COD) of six additional projects with a combined installed capacity of 10.86 megawatts, bringing its total power plant portfolio to 53 projects by year-end, with a combined installed capacity of 477.80 megawatts and total contracted capacity of 325.62 megawatts. The company expects steady revenue growth between 2026 and 2029, driven by existing projects, new projects, and future opportunities in renewable energy.

MSCI rebalancing supports Thai stocks with net inflows of 500 million baht. GUNKUL and HANA surprised by entering the small-cap index, while PTTEP and TRUE received higher weightings. The market impact is expected to be neutral to slightly positive. PTT posted second-quarter profit for fiscal year 2026 surging 143.9 percent to 52.525 billion baht, supported by international trading, petrochemicals, refining and oil businesses as product price spreads improved, pushing first-half profit to 78.263 billion baht, up 74.5 percent. TOP reported net profit of 8.284 billion baht, up 28 percent year-on-year, with first-half net profit of 27.765 billion baht, and is moving ahead with the CFP project scheduled for 2028. AOT showed third-quarter profit for fiscal year 2026 of 4.44168 billion baht, up 14.93 percent, supported by a 2.61 percent increase in aeronautical revenue, especially passenger service charge revenue rising by 168.36 million baht, or 2.85 percent, after the charge was raised from 730 baht to 1,120 baht per person, pushing nine-month net profit to 14.81233 billion baht, up 3.86 percent, while total passengers reached 99.03 million, up 1.84 percent, with an average target price of 67.56 baht. BGRIM posted second-quarter profit for fiscal year 2026 growing by 676 million baht, up 9,557 percent, on higher total electricity sales volume, and continues expanding its renewable portfolio, targeting six LNG cargoes of 280,000 tonnes this year and gradually achieving commercial operation dates for new power plants, with an interim dividend of 0.18 baht per share. ACE reported second-quarter net profit for fiscal year 2026 of 278.7 million baht, surging 87.3 percent, supported by strong growth in solar and waste-to-energy power plants and lower financial costs, and is advancing a clean energy portfolio of 92 projects with total capacity of 767.42 megawatts. MGC posted second-quarter profit for fiscal year 2026 surging 554 percent to 352 million baht, a record high for four consecutive quarters, pushing first-half net profit to 675 million baht, up 521 percent, supported by deliveries of XPENG and Alpha X electric vehicles growing 688 percent, and the board approved an interim dividend of 0.24 baht per share with the XD date on 26 August. JMART's CEO is confident second-half profit for fiscal year 2026 will exceed the first half, driven by the lock-phone business, SINGER, JMT and Suki Tee Noi, maintaining a profit target for 2028 of more than 2 billion baht. ACE said it will continue seeking opportunities to bid for clean energy power plants in the second half of 2026 and accelerate construction of new projects, expecting several more projects to reach commercial operation by 2027. 88TH has laid out three growth strategies, expanding the LYO portfolio into China and Hong Kong and building a new S-curve in the pet business through Monster Lab, with new revenue expected to be recognised from the second half of 2026 after second-quarter revenue reached 151.82 million baht, up 10.16 percent. GFC is shifting its second-half strategy with digital marketing plans targeting Gen Z to drive egg-freezing services, while accelerating expansion of its foreign customer base through nine agents, aiming to raise the foreign customer share to 25 percent, partnering with more than eight hospitals, and approving an interim dividend of 0.03 baht per share. ILINK expects solar product sales revenue to double this year, benefiting from government subsidies of 50,000 baht per household for rooftop installation and a 200,000 baht tax deduction, with about 9 billion baht in auctions still pending, and hinted third-quarter results will grow on surging trading and engineering demand. III expects second-half performance to improve as the freight transport business enters its high season, advancing its Logistics and Beyond strategy to build an aviation ecosystem, with two to three M&A deals under negotiation and expected to be concluded within this year, while raising this year's revenue growth target to 20 percent from 15 percent, after posting second-quarter profit for fiscal year 2026 of 140.9 million baht, a ten-quarter high. SAWAD is pushing ahead at full speed, benefiting from the high season in the second half, confident this year's growth will meet targets, with first-half profit of 2.74 billion baht, up 16 percent, and brokers see SAWAD's asset quality as having passed its lowest point. TEAMG posted first-half revenue for fiscal year 2026 of 1.266 billion baht, up 22 percent, and profit of 111 million baht, up 18 percent, after second-quarter revenue of 635 million baht, up 19 percent, and profit of 61 million baht, up 29 percent, with the zoo phase two and light red line rail projects lifting backlog to 5.988 billion baht, and targets new work of at least 1 billion baht in the second half. KLINIQ posted second-quarter net profit for fiscal year 2026 surging to 111.53 million baht, up 24.9 percent, pushing first-half profit to 232.66 million baht, and the board approved an interim dividend of 0.88 baht per share with the XD date on 27 August and payment on 11 September 2026. PIS posted first-half net profit of 164 million baht, up 8 percent, with total revenue reaching 1.531 billion baht, up 6 percent, on continued project deliveries and effective cost control, and the second-half outlook is bright as it bids for new work to add to a backlog of more than 6.096 billion baht to be recognised over the next three to four years, confident of driving this year's revenue growth of 10 to 15 percent. MTC is expanding its loan portfolio amid Thailand's slowing economy, with first-half revenue of 16.064 billion baht, up 8.63 percent, and net profit of 3.728 billion baht, up 15.84 percent, while keeping NPLs at 2.61 percent and expressing confidence that second-half loan growth will be around 10 percent.

Absolute Clean Energy Public Company Limited, or ACE, reported net profit for the second quarter of 2026 at 278.7 million baht, up 87.3% from the same period last year. Revenue from sales and services totaled 1.765 billion baht, up 7.8% from 1.6372 billion baht in the second quarter of 2025. The main driver was gross profit from solar power plants, which rose 154.4% to 113.9 million baht, and from community waste-to-energy plants, which rose 141.3% to 43.1 million baht, while financial costs fell 21.9%. For the first six months of 2026, the company posted total revenue of 3.3567 billion baht and net profit of 593.1 million baht, up 58.2% from the same period last year. Chief Executive Officer Thanachai Bunditvorapoom said that in the second half of 2026 the company will continue to consider opportunities to bid for new clean energy power plant projects and accelerate construction of projects under development, with several more projects expected to begin commercial operation by 2027. ACE currently has 92 clean energy power plant projects with total installed capacity of 767.42 megawatts, comprising 47 projects already in operation with total capacity of 466.94 megawatts and 45 projects under development with total capacity of 300.48 megawatts.

Absolute Clean Energy, or ACE, announced that its subsidiary Alliance Clean Power Company Limited signed a build-own-operate contract on 21 July 2026 for a community waste-to-energy project with Nakhon Phanom Municipality. The 25-year contract covers an installed capacity of 9.9 megawatts and a power purchase agreement capacity of 8.0 megawatts. With this addition, the group now has a total of 11 community waste-to-energy projects with combined installed capacity of 100.20 megawatts. Of these, two projects with total capacity of 12.00 megawatts have commenced commercial operations, two projects with total capacity of 18.90 megawatts are under development, and seven projects with total capacity of 69.30 megawatts are awaiting development.