Electricity Generating Public Company Limited or EGCO Group reported its operating results for the first six months of 2026, recording total revenue of 19,179 million baht and net profit of 1,538 million baht, reflecting the company’s financial stability and effective investment portfolio management. In the second quarter of 2026, EGCO Group recorded revenue of 9,670 million baht and recognized a share of profit of 1,625 million baht. The company also highlighted its strong cash position of 31,811 million baht, while continuing to pursue its Asset Recycling strategy and maintain financial flexibility to generate sustainable returns for shareholders.
Mr. Tawatchai Sumranwanich, President of EGCO Group, said, “Our strong operating performance in the first half of 2026 reflects EGCO Group’s ‘Strategic Resilience’ and strict financial discipline amid volatility in external factors and the global geopolitical landscape. Our key strength lies in portfolio diversification, which systematically spreads risks across countries of investment, power generation fuels, technologies, and energy-related businesses. This has enabled the Company to maintain stable cash flows, while generating good returns and consistently paying dividends to shareholders in accordance with its established policy.”
Strong First-Half 2026 Performance Driven by Four Key Factors
For the first six months of 2026, EGCO Group recorded total revenue of 19,179 million baht, operating profit of 1,016 million baht, and net profit of 1,538 million baht. The Company’s operating profit and net profit were primarily driven by the following 4 key factors:
- Efficient Cost Management at EGCO Group’s IPP Power Plants in Thailand: The IPP power plants in Thailand, namely BLCP Power Plant, delivered significantly improved performance due to lower fuel costs, while Kaeng Khoi Power Plant (KPG) recorded an increase in electricity sales volume.
- Favorable Water Availability Drives Hydropower Plant Performance in Laos: Both Nam Theun 2 Power Plant (NTPC) and Xayaburi Power Plant (XPCL) delivered strong operating results, supported by increased electricity sales due to favorable seasonal conditions with high water availability.
- Growth Driven by Data Center and AI Demand in the United States: Linden Cogen, a natural gas-fired power plant in the United States, recorded significant increases in revenue and electricity sales volume, driven by the growth of the data center sector and domestic economic activity. The power plant also recognized additional revenue following EGCO Group’s increased equity interest to 38%. In addition, EGCO Group recognized a share of profit from its 49% equity interest in the Pinnacle II portfolio, which includes Downeast Wind Power Plant and Wheatsborough Solar Power Plant.
- Consistent Cash Flow from Lease Agreements: Increased lease revenue recognition contributed to more consistent cash flow and effectively reduced volatility in operating results.
In addition, EGCO Group continued to maintain growth and generate strong cash flows. As of 30 June 2026, the Company reported total assets of 224,391 million baht and shareholders’ equity of 101,381 million baht. Cash and cash equivalents remained strong at 31,811 million baht, providing financial flexibility and supporting future investment opportunities.
Mr. Tawatchai added, “Despite the highly competitive investment landscape, EGCO Group continues to pursue growth opportunities, guided by disciplined investment principles and focusing only on high-quality assets that align with the Company’s growth strategy. We believe that maintaining rigorous investment criteria, together with proactive portfolio management through effective Asset Recycling strategy, will strengthen our capital position and support sustainable long-term growth.”
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