Banpu Public Company Limited (SET: BANPU) has announced 2Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2Q25 | 2Q24 |
| Net Profit (Loss)
Million Baht |
-945.21 | 937.18 |
| Earning Per Share
(Baht) |
-0.0940 | 0.0940 |
| 6 Month | 2025 | 2024 |
| Net Profit (Loss)
Million Baht |
-1,427.80 | 2,488.71 |
| Earning Per Share (Baht) | -0.14 | 0.25 |
BANPU reported a net loss in 2Q25 of Baht 945.21 million, a decrease of Baht 1,882.39 million compared to the previous year. The loss was due to a decline in coal market price despite coal sales volume increased and average cost per tonne decreased significantly attributable to effective cost management.
The group recognized an unrealized exchange translation loss of $75.17 million, resulting from an appreciation of THB currency against USD currency during the quarter whereas the group also recognized gain on fair value remeasurement of financial derivatives.
Through continuous strategic costs and expense management, the group effectively navigated the uncertainties of the energy market and maintained a consistent cash flow stream.
Sales reported at $1,237 million (equivalent to THB 40,959 million), decreased by $71 million, or 5% compared to 2Q24. A decrease was derived from coal business $198 million, while an increase was from natural gas business $37 million, power and steam sales business $4 million, and others $86 million. Details were described as follows:
1) Sales from coal business of $658 million or 53% of total revenue separated by source of coal as below:
- Indonesia coal mines of $436 million.
- Australia coal mines of $199 million.
- Mongolia coal mines of $8 million.
- Coal trading business of $15 million.
2) Sales from the natural gas business in the U.S. of $215 million or 17% of total revenue.
3) Sales from power and steam of $208 million or 17% of total revenue derived from CHP plants and solar power plants in China, solar power plants in Australia, wind and solar power plants in Vietnam and gas-fired power plants in the U.S.
4) Others of $156 million or 13% of total revenue. This was mainly from the energy trading business in Japan and the battery business in Singapore.
