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?GCO
G R 0 U P
31 January 2026
Corporate Presentation
Member of
Dow Jones Sustainability Indices
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TRIS MAA
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02Financial Performance
03 04Project Updates
Outlook & Strategy
COMPANY HIGHLIGHTS
"Energizing Today For A Brighter Tomorrow"
Financial Performance
Profit Sharing in Q3/2025 was 2,342 MB,
decreased by 32% YoY
Operating Profit in Q3/2025 was 844 MB,
decreased by 77% YoY
Net Profit in
Q3/2025 was-656 MB,
decreased by 127% YoY
AA in SET ESG Rating and Excellent Corporate Governance Rating in 2025
EGCO received an "AA" SET ESG Rating 2025 and an "Excellent" Thailand Corporate Governance Rating 2025 (CGR) for the 17th consecutive year in the Energy & Utilities sector
These recognitions affirm EGCO's strong business direction and ESG-aligned framework
"A" credit rating with "Stable"
outlook from JCR
EGCO has been assigned an "A" credit rating with a "Stable" outlook by Japan Credit Rating Agency, Ltd. (JCR), one of Japan's leading credit rating agencies
The rating is supported by EGCO's well-diversified domestic and international power portfolio, generating stable cash flows under long-term PPAs
Completion of the acquisition additional 10% interest in Linden
EGCO completes the acquisition of an additional 10% interest in Linden Cogeneration, a 980 MW natural gas-fired cogeneration facility in New Jersey
Following the completion of the investment on 12 December 2025, EGCO's ownership interest in Linden TopCo increased to 38%
3
EGCO AT A GLANCE
Shareholders Structure
Company Information
Business Type
Resources/Energy & Utilities
Market Capital
THB 61,860 million as of 31 January 2026
Index
SET50 / SET50FF / SET100 / SET100FF / SETCLMV / SETESG
Credit Rating
SET ESG Ratings
AA
CG Report
Recognition
The 1st independent power producer in Thailand
TRIS rating : "AA" with Stable outlook
JCR rating : "A" with Stable outlook
NVDR
Foreign Investors
5.22%
4.17%
526million shares
25.41%
Thai Investors 41.26%
As of January 31, 2026
23.94%
TEPDIA
5 Business Line
The 1 power generating company in Thailand Listed on
DJSI Emerging Markets Index in Electric Utilities sector For 5th consecutive years
st
1
2
3
6,854 MWe
As of 31 January 2026
57%
34%
8%
1%
Overseas
Thai IPP Thai SPP Thai VSPP
Independent Power Producer (IPP) Small Power Producer (SPP)
Very Small Power Producer (VSPP)
4
5
Overseas Power Producer
Other Businesses : Fin Tech, O&M, Innovation business, Management service, Oil pipeline, Industrial estate, Coal mining, LNG shipper, Water supply facility,
Tank rental, Jetty management service, Logistics 4
EGCO BUSINESS OVERVIEW
EGCO operates/invests in 3 key areas covering the value chain
Upstream
Midstream
Downstream
Supply
96%
of operating profit from
operating assets Q3/2025
Power Business
Customer Solution & Startup
Subsidiary
Industrial Estate: ERIE • Management Service: QMS
IPP
SPP
VSPP
Overseas
LNG Shipper License
KEGCO
(KN4)
CWF • BPU
KLU • EGCO Cogen
Replacement
Solarco
TWF
SPP2
SPP3
SPP4
SPP5
QPL
O&M Power Plant Maintenance
: ESCO, PEPOI
JV Investment
IPP
SPP
VSPP Overseas
Coal Mining
Oil Pipeline • Water supply
KPG
GEC
GPS
XPCL
Linden Cogen
Gangdong
: MME
: TPN
facility: CDI
BLCP
NED
NT1PC
NTPC
SBPL
Yunlin
Marcus Hook
Milford
Dighton
Downeast Wind
CDI - KCE
CDI - KPE
CDI - Solar projects
O&M Power Plant Maintenance: E&E, RES
Fin Tech: Peer Power
Tank rental: • Jetty
Logistics:
APEX
Wheatsborough
Innovation Business
CDI
management
service: CDI
CDI
PAJU ES
Solar
: Innopower
5
EGCO Group's Portfolio 6,854 MWe
Xayaburi
XPCL
(1,280MW, 12.5%)
Bolikhamxay
NT1PC
E&E
48Power Plants
Operating
Under Construction
6,725 MWe
129 MWe
GPS
(26MW, 60%)
Nakhon Sawan / Chai Nat / Phetchabun
(645MW, 25%)
(O&M, 40%)
12Other Related Power Business
Fin Tech, Innovation Business, LNG shipper
Oil pipeline, Coal mining, Industrial estate
O&M, Management service
Water supply facility, Tank rental, Jetty service, Logistics
NED
(63MW, 67%)
Lop Buri
Solarco
Suphan Buri /
Nakorn Pathom
Laos
Roi Et
Khammouan
SPP5
(8MW, 100%)
NTPC
(1,070MW, 35%)
Gyeonggi
Paju ES
(1,823MW, 49%)
Seoul
Taiwan
Yunlin
(57MW, 49%)
TPN
(Oil Pipeline, 44.60%)
Saraburi
Thailand
Chaiyaphum
Si Sa Ket
SPP3
(8MW, 100%)
SPP4
(6MW, 100%)
South Korea
Gangdong
(20MW, 49%)
(640MW, 26.56%)
Taiwan Strait
SPP2
KPG
TWF
(7MW, 100%)
CWF
(80MW, 100%)
Marcus Hook
Maine
(8MW, 100%) (1,468MW, 50%)
Downeast Wind
Rayong
EGCO Cogen
BLCP
ESCO
ERIE
Solar
Wheatsborough
(912 MW, 50%)
(126 MW, 49%)
BPU
Ratchaburi
Replacement
(1,347MW, 50%)
(O&M, 100%)
(IE, 100%)
Biomass Natural Gas
Coal
Solar (125 MW, 49%)
Ohio
Pennsylvania
USA
Massachusetts
Dighton
(187 MW, 50%)
New Jersey
Milford
(205 MW, 50%)
(215MW, 100%)
Nakhon Si Thammarat
KEGCO(KN4)
(930MW, 100%)
Bangkok
(74MW, 80%)
Peer Power
(Fintech, 24%)
Innopower
(Innovation, 30%)
RES
(O&M, 60%)
Wind Farm
APEX
Virginia
Linden Cogen
YGP
Yala
Pathum Thani
KLU
Offshore Wind Farm Hydro
Fuel Cell
(1,963 MW, 17.46%) * 15 projects
(980 MW, 38%)
South Sumatra
MME
(20MW, 50%)
(102MW, 100%)
Quezon
As of 31 January 2026
Battery Storage Other Business Project Under
CDI - KPE
(63 MW, 30%)
CDI - Solar projects
(7.61 MW, 30%)
CDI - KCE
Indonesia
West Java
(Coal Mining, 40%)
CDI - RPU / KTI / Logistics
Philippines
QPL
(400MW, 100%)
PEPOI
(O&M, 100%)
SBPL
(455MW, 49%)
QMS
(Management, 100%)
Construction
(84 MW, 30%)
(Tank and Jetty Service / Water supply / Logistics, 30%) 6
EGCO POWER PLANT PORTFOLIO
USA
1,490 MWe
1,024 MWe
466 MWe
Including under construction projects
ISO-NE NYISO
PJM
Thailand
2,926 MWe
2,040 MWe
673 MWe
213 MWe
Laos
696 MWe
696 MWe
South Korea
903 MWe
893 MWe
10 MWe
Taiwan
170 MWe
170 MWe
48Power Plants
Philippines
623 MWe
623 MWe
Operating
Under Construction
Total
6,725 MWe
129 MWe
Indonesia
46 MWe
44 MWe
2 MWe
As of 31 Jดanuary 2026
*MWe stands for Megawatt Equity 7
EGCO POWER PLANT PORTFOLIO
Power Generation Business
As of 31 January 2026, EGCO currently has 48 power plants with total of 6,854 MWe (operating and under construction projects)
Power Business by Type
Under Construction
Thailand | 43% | |
USA | 20% | 1,361 |
South Korea | 13% | 903 |
Thermal 1,296 MWe
BLCP, QPL, SBPL
19%
Combined-Cycle
4,002 MWe
Renewable
1,556 MWe
23%
6,854
MWe
58%
NED, SPP2, SPP3, SPP4, SPP5,
YGP, GPS, TWF, CWF, Solarco,
KEGCO, KPG, PAJU ES,
BPU, KLU,
Linden Cogen,
CDI - KCE, CDI - KPE,
Marcus Hook, Milford, Dighton EGCO Cogen Replacement
(Overseas)
2%
34% IPP
Overseas 55%
6,854 MWe
(129 MWe
under construction)
8%
1% SPP
VSPP
Overseas 57%
Domestic 43%
Gangdong, NTPC, NT1PC, XPCL, Yunlin, CDI-Solar projects
Under Construction: APEX
2,926
Power Business by Offtake
Industrial User 160 MWe
Laos 10% 696
2%
Philippines
Power Pool 1,577 MWe 23%
Taiwan
Indonesia
Under Construction - Overseas
9% 623
2% 170
1% 46
2% 129 (APEX)
75% PPA 5,117 MWe
6,854
MWe
APEX; Mulligan Solar, Great Pathfinder Wind, Angelo Solar, Big Elm Solar, Timbermill Wind, Great Kiskadee Storage, Downeast Wind, Prosperity Wind, Wheatsborough Solar, Angelo Battery Storage
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01Company
Overview
03 04Project Updates
Outlook & Strategy
KEY FINANCIAL HIGHLIGHTS
Profit Sharing
Operating Profit
Net Profit
2,342 MB
-32% YoY
844 MB
-77% YoY
-656 MB
-127% YoY
In Q3/2025, the company recorded the profit sharing of 2,342 MB, decreased by 1,105 MB or 32% YoY
Higher electricity sales from hydro power plants
Lower electricity sales unit price from PAJU ES
Lower electricity sales volume from COMPASS
In Q3/2025, the company recorded the operating profit of 844 MB, decreased by 2,760 MB or 77% YoY
Scheduled maintenance to prepare for operations under the new PSA contract at QPL
Lower profit sharing from PAJU ES and COMPASS
In Q3/2025, the company
recorded the net profit of
-656 MB, decreased by 3,119 MB or 127% YoY
Lower operating profit
Recognition of a net unrealized loss from financial instruments, and FX loss due to the depreciation of NTD against EUR
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