Banpu first quarter profit of 1,552 million baht, showing strong EBITDA of 8,924 million baht

Banpu Public Company Limited (BANPU) reports operating results for the first quarter of 1 with total sales revenue of 2567 million US dollars (approximately 1,088 million baht), earnings before interest, taxes and depreciation (EBITDA) totaling 38,810 million dollars. United States (approximately 250 million baht) and net profit of 8,924 million USD (approximately 43.5 million baht)

Mr. Sinont Wongkusolkit, Chief Executive Officer of BANPU Said that in the past, despite having to face fluctuations in energy prices in the world market, the company still managed business and costs efficiently. can create a trend Continuous cash

Natural gas business Ready to move towards achieving the Net Zero goal at full speed, with a Carbon Capture, Utilization and Storage (CCUS) project in the United States set to begin operations this year. while the energy technology business group A battery factory in Thailand has started delivering batteries to customers in Thailand.

In the first quarter of 1, the company continues to focus on increasing operational efficiency and tight cost management.

As well as upgrading the operations of all business groups in 9 countries and increasing the potential of resource management to maintain the ability to continuously generate cash flow. By the Energy Resources and Energy Production Business Group Focus on increasing efficiency and reducing costs in response to fluctuating energy prices.

For the energy technology business group There is progress at a battery assembly factory in Thailand that has started delivering the first batch of batteries.

In addition, it aims to manage its portfolio in line with the guidelines for reducing greenhouse gas emissions. Through appropriate investment budget allocation for sustainable growth.

For the operating results of the 3 main business groups in the 1st quarter, the details are as follows.

Energy Resources Business Group Regarding the mining business, the company hastened to implement various measures including controlling production costs. Improving efficiency in production and transportation That saves time and resources and reduces waste from the production process. and carry out marketing strategies In order to get product quality that meets customer needs. As a result, it continues to generate strong cash flow.

natural gas business Still using financial tools to hedge against risk from fluctuating natural gas prices. As for the Carbon Capture, Utilization and Storage (CCUS) project in the United States, To reach the goal of Net Zero in Scope 1 and 2 in 2568, the first project “Barnett Zero” is operating continuously. The second project, “Cotton Cove,” is set to begin operations by 2567. Each project has a maximum average carbon dioxide storage rate of 210,000 and 45,000 tons of carbon dioxide equivalent per year, respectively.

Energy production business For the business of producing electricity from thermal energy Has operating results as targeted and maintains good efficiency in electricity production continuously There is a positive factor from the growth in demand for electricity in every region around the world. Especially from thermal power plants that are stable and create stability in the electricity distribution system to support demand during periods of fluctuating weather conditions. There is also growth in the use of AI and data center business in various countries for

Business producing electricity from renewable energy in China, Japan, Vietnam and Australia Still reporting good operating results Generate consistent cash flow Even this quarter experiences adverse weather conditions which are seasonal.

Energy Technology Business Group It has continued strong growth. By focusing on expanding the customer base and investing with new partners in the battery and energy storage system solutions (BESS) business, a lithium-ion battery production plant under the cooperation between Banpu Nex and S.V. Energy Technology (Thailand) has opened commercial operations. and delivered more than 20,000 sets of batteries to customers in Thailand, with a total production target of 60,000 sets per year, along with signing a memorandum of understanding on cooperation to establish a factory and develop industries related to energy storage. battery cells and battery recycling

while the DP Nex battery assembly plant, which is a joint venture of Banpu Nex and Dura Power The first batch of batteries can now be delivered to Cherdchai Motor Sales for use in electric buses as well. with a target total production capacity of 1 gigawatt hour

In the first quarter, there was also the launch of 'Infinite Cafe Powered by Banpu NEXT' project Phase two at Chamchuri Square In the form of a pop-up cafe that has a solar rooftop system that produces electricity with built-in electricity storage batteries. It offers clean energy solutions that are in line with people's lifestyles. To expand to various service business customers in the project to manage the central cooling production system (District Cooling System), Chaloem Phrakiat Government Center, Zone C, is expected to be fully operational in the 4th quarter of this year.