Dr. Harald Link, Group President of B.Grimm Power Public Company Limited (BGRIM), announced that for the second quarter of 2025, the company recorded a Normalized Net Profit (NNP) attributable to the parent company of 475 million baht and 1,224 million baht for the first six months. EBITDA stood at 3,732 million baht, down 4.7% year-on-year for the quarter and 1.2% for the six-month period. Consolidated net profit attributable to the parent company was 7 million baht, compared to 229 million baht in the same period last year, mainly impacted by the one-time retroactive payment of gas costs (AF gas cost) for September–December 2023, higher tax expenses, and unrealized foreign exchange (FX) losses from the revaluation of outstanding USD and other foreign currency debt at the quarter-end exchange rate (non-cash impact). Despite these headwinds, Q2 2025 performance was supported by: 1) a 1.3% year-on-year increase in electricity sales volume to industrial users (IUs) in Thailand, 2) higher service income related to the development fee, 3) increased share of profit from associates and joint ventures, and 4) realized gains from FX.
During the quarter, B.Grimm Power synchronized new industrial users in Thailand totaling 13.8 MW, bringing the total to 20.7 MW for the first six months of 2025. B.Grimm LNG imported two LNG shipments in March and April, totaling approximately 130,000 tons (6.7 million MMBtu), into the pool gas system to fuel its combined-cycle power plants. In May, B.Grimm Solar Power Inc., a wholly-owned subsidiary, acquired additional shares in Caronsi Solar Energy Corporation, which operates a 65 MW solar power project in the Philippines, reinforcing its clean energy expansion in ASEAN. In June 2025, Digital Edge B.Grimm (Thailand) Co., Ltd., wholly owned by Digital Edge B.Grimm (TH) Holdings Pte. Ltd., invested in a new data center platform in Chonburi Province with a total IT load capacity of 96 MW, with Phase 1 COD targeted in Q4 2026 for 48 MW.
