What To Know
- Ratch Group Public Company Limited has delivered a solid performance for 2025, posting a net profit of 6,220 million baht and reaffirming its status as one of Thailand’s key power producers.
- As of December 31, 2025, total assets stood at 238,004 million baht, liabilities at 130,357 million baht, and shareholders’ equity at 107,646 million baht.
Bangkok Business PR News: Ratch Group Public Company Limited has delivered a solid performance for 2025, posting a net profit of 6,220 million baht and reaffirming its status as one of Thailand’s key power producers. The company also reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 15,322 million baht, underscoring the strength of its core operations despite a shifting energy landscape.
Image Credit: Ratch Group
The Board of Directors, at Meeting No. 2/2026 on February 26, approved an annual dividend of 3,480 million baht, or 1.60 baht per share, equivalent to 55.94% of the year’s net profit. The proposal will be submitted for shareholder approval at the Annual General Meeting on April 23, 2026, with payment scheduled for May 22nd. Through a year marked by transition and recalibration, this Bangkok Business PR News report notes that the payout signals management’s confidence in steady cash flow and disciplined capital management.
Power Business Remains the Engine
Total revenue for 2025 reached 35,919 million baht. The power generation segment continued to dominate, contributing 33,641 million baht, or 94% of total revenue. Within this, conventional fuel power plants generated 28,542 million baht, while renewable energy projects accounted for 5,099 million baht. The utilities and other businesses segment delivered 2,278 million baht, representing 6% of total revenue.
Mr. Nithat Voraponpipat, President and CEO, said net profit rose 1.5% from 2024, even as the company navigated the commercial shutdown of the Ratchaburi Combined Cycle Power Plant following the expiration of its power purchase agreement in October 2025. The plant, with installed capacity of 2,175 megawatts, continues operating to support system stability.
He added that asset management remained central to value creation. The group’s main power plants recorded an average Equivalent Availability Factor of 90%, reflecting operational efficiency and disciplined maintenance. The company also restructured its investment portfolio to align with evolving energy policies and market conditions in each country where it operates.
Strategic Investments for Energy Transition
Looking ahead, Ratch Group plans continued investment in Thailand and overseas. In the short to medium term, the focus will include both renewable projects and conventional fuel ventures aligned with the global energy transition. The strategy emphasizes acquiring stakes in existing assets to balance greenhouse gas reduction goals with national energy security.
The company is also studying future energy opportunities, including sustainable aviation fuel, green hydrogen, ammonia, and biofuels. Management said financial and human resources are fully prepared to support expansion and sustainable growth.
As of December 31, 2025, total assets stood at 238,004 million baht, liabilities at 130,357 million baht, and shareholders’ equity at 107,646 million baht. The return on equity was 10.75%, with a debt-to-equity ratio of 1.21 times, reflecting a stable financial structure.
With steady earnings, a generous dividend, and a clear roadmap toward cleaner energy, Ratch Group appears determined to balance profitability with long-term sustainability. Its measured approach to transition, asset optimization, and capital discipline suggests resilience in an industry facing rapid technological and regulatory change.
For more on Ratch Group, visit:
https://www.ratch.co.th/en/home
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