Sakol Energy Public Company Limited

Sakol Energy Public Company Limited, or SKE, disclosed that its third-quarter 2026 operating results are expected to grow compared with the same period last year, driven by the overall power generation and sales of the Mae Krathing biomass power plant (MKP), which has continued to improve, and by the positive effects of adjusting the business model of its N15 Saraburi branch from producing fuel from waste to providing RDF drying services instead. Most recently, N15 Technology Company Limited, a subsidiary of SKE, signed an agreement to procure and deliver fuel from industrial waste with Circular Camp Company Limited, which is 100% held by Gulf WTE Company Limited, or GWTE, a subsidiary of Gulf Development Public Company Limited, or GULF, with a production capacity of not less than 75 tonnes per day for a period of three years. The deal is expected to generate additional revenue of 30 million baht per year, with gross profit estimated at around 20%, and revenue is expected to begin being recognised in the second half of next year. At present, about 80% of revenue comes from the biomass power plant business, about 16% from the waste management and RDF fuel production business under N15, and the remainder from other businesses. In addition, SKE plans to invest no more than 10 million baht more in the second half of this year to upgrade the production line and plant area of its N15 Chonburi branch to accommodate rising waste volumes and RDF demand, as well as new work from GWTE. In 2026, the company will focus on reducing expenses, including cutting the scope of services from external agencies, improving personnel efficiency, managing meetings, and reducing director remuneration, after the board and executives voluntarily gave up their monthly remuneration.