EA turns profitable, cuts debt, and advances 1,520-bus EV order
First-half profit and debt reduction EA swung to a net profit of 105.81 million baht in H1 2026, from a loss last year, and cut total liabilities by 14.88 billion baht (21.4%) in two years. This improves financial health and lowers risk, supporting a higher share price.
This is the most significant new financial development, directly showing improved profitability and balance sheet strength.
Credit guarantees for BMTA electric bus project EA approved 9.78 billion baht in credit guarantees for subsidiaries to fund production of 1,520 electric buses for BMTA. This secures financing for a major order, reducing execution risk and supporting future revenue.
This new guarantee ensures the large bus order can be financed, a key step for EA's EV business.
Four-year growth plan and bus delivery timeline EA unveiled a 2026-2029 plan focused on waste-to-energy, EVs, and biofuels. It will start delivering 1,520 e-buses to BMTA, with major revenue from Q2 2027, plus new waste-to-energy and wind projects. This gives a clear long-term growth path.
This new strategic plan provides visibility on future revenue drivers, especially the large bus order.
Battery recycling MOU with Ministry of Industry EA's subsidiary AMITA signed an MOU with the Ministry of Industry to develop lithium-ion battery recycling. This supports EA's integrated clean energy ecosystem and raw material security, potentially lowering costs and opening new business opportunities.
This new partnership strengthens EA's battery value chain and aligns with its clean energy strategy.