GPSC has announced strong performance for the first half of 2025, marking a significant net profit of THB 3,159 million, driven by its expanding international portfolio, particularly in India and Taiwan. The company is implementing flexible strategic plans to ensure energy security both domestically and internationally, with a focus on high-growth markets—especially India, where robust investment returns are anticipated.   

Mr. Worawat Pitayasiri, CEO of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, has the net profits of THB 2,019 million, increasing by 77% (QoQ). This increase was primarily attributable to favourable foreign exchange gains (Unrealized exchange gain), from its investments with subsidiaries and strategic partners, particularly the offshore wind power project Changfang and Xidao (CFXD) in Taiwan. Additional gains were recognized from exchange rate movements related to TWD-denominated loans, as the New Taiwan Dollar appreciated during the quarter. Furthermore, the Company saw improved performance from the Xayaburi Power Company Limited (XPCL) in Lao PDR, supported by higher electricity output. GPSC also successfully optimized its financial cost structure, reducing finance costs by THB 88 million through partial debt repayment and lower average interest rates. This reflects the Company’s effective financial management and reinforces its strong financial position, enhancing stakeholder and lender confidence. Notably, Fitch Ratings revised GPSC’s rating outlook to “Stable.”

GPSC total net profit of THB 3,159 million, rising by THB 866 million, equivalent to 38%. The increased revenue is contributed by the dividend fund and shared profits driven by the collaborative investment with subsidiaries and strategic partners, rising by THB 732 million. The positive performance was driven by increased revenue from AEPL, a renewable energy business in India, aligned with higher electricity output from its ongoing commercial operations. At the same time, revenue from the CFXD project reflects recognised profits, supported by the appreciation of the New Taiwan Dollar and increased power trading revenue following the commencement of commercial operation (COD) in Q1/2025. In addition, Cost savings were also achieved through early debt repayment and reduced maintenance and insurance cost, thanks to enhanced operational efficiency and the implementation of robust risk management measures aligned with power plant safety standards—resulting in no operational risks identified during the company’s recent performance period.

Looking ahead to the second half of the year, GPSC remains focused on maintaining operational stability across its power plants, managing investments efficiently, and continuing its "EBITDA Uplift" program to optimize costs and improve efficiency. The Company also aims to pursue new investment opportunities in high-potential markets to drive sustainable growth.

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