- Banpu delivers a strong H1/2026 performance with a net profit of USD 61 million, reflecting the strength of its integrated energy portfolio, following the successful completion of the amalgamation and establishment of the new company.
- Advances long-term growth and expands the world’s energy capacity through four business pillars, supporting rising global energy demand and capturing new business opportunities in the AI era.
- Announces an interim dividend payment of THB 0.40 per share, reaffirming its commitment to delivering shareholder returns while maintaining strong financial position.
Banpu Public Company Limited reported strong performance for the first half of 2026, generating total sales revenue of USD 2,778 million (equivalent to THB 89,222 million), EBITDA of USD 596 million (equivalent to THB 19,168 million), and net profit of USD 61 million (equivalent to THB 1,979 million). The performance reflected efficient asset management, supported by higher U.S. natural gas sales volumes and rising global coal prices. Following the successful completion of the amalgamation between Banpu Public Company Limited and Banpu Power Public Company Limited, the new Banpu Public Company Limited (“BANPU”) was established on 31 July 2026, and BANPU ordinary shares officially commenced trading on the Stock Exchange of Thailand (SET) on 4 August 2026.
Mr. Sinon Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited, said, “Banpu’s first-half 2026 performance reflects the strength of our integrated energy infrastructure and solutions portfolio, underpinned by effective cost management. Meanwhile, the establishment of BANPU following the amalgamation marks an important milestone that enables us to better leverage synergies across our businesses, increase financial flexibility, and strengthen our balance sheet. These capabilities will further enhance our competitiveness and support stable and sustainable long-term growth. We remain committed to responsibly expanding the world’s energy capacity to strengthen energy security and support rising energy demand, particularly driven by the rapid growth of AI and data centers.”
In the first half of 2026, Banpu’s four business pillars delivered key performance and growth developments as follows:
U.S. Closed-Loop Gas recorded U.S. natural gas sales volumes of 172 billion cubic feet (Bcf), an increase from the same period last year. Temple I and II gas-fired power plants maintained high Equivalent Availability Factors (EAF) of 90%, supporting rising electricity demand. Meanwhile, the Barnett Zero Carbon Capture and Sequestration (CCS) project captured 64,200 metric tons of CO2 equivalent. The Cotton Cove and Eagle Ford projects also commenced commercial operations (COD), with carbon sequestration capacity expected to reach approximately 32,000 and 90,000 metric tons of CO2 equivalent per year, respectively.
Next-Gen Mining delivered total coal sales volumes of 18 million tons, with higher sales volumes from operations in Indonesia and Mongolia compared with the same period last year. Meanwhile, global coal prices continued to rise, while the Company maintained operational efficiency through continued effective management. In addition, Banpu continues to explore opportunities in strategic minerals, such as nickel and bauxite, which are critical raw materials for future energy technologies and energy storage systems value chain, supporting new long-term growth opportunities.
Power+ continued to deliver efficient operations and satisfactory performance from its thermal power plants, while its renewable energy business had a total capacity of 1,011 megawatts. The Company continued to expand its low-carbon energy portfolio by pursuing investment opportunities in Battery Energy Storage Systems (BESS). Currently, Banpu has a total of 10 BESS plants/projects across four key markets: Japan, Australia, China, and the U.S., with a combined power capacity of 692 megawatts and total energy storage capacity of 2,340 megawatt-hours. Meanwhile, its Energy Trading business in Japan recorded total electricity sales of 3,045 gigawatt-hours.
Future Tech continued to expand its Net Zero Solutions business by providing Net Zero Consultation services to Airports of Thailand Ground Aviation Services Co., Ltd. (AOTGA) to support their decarbonization journey and commitment to achieving Net Zero emissions. Meanwhile, the Company continued to make strategic investments through its Corporate Venture Capital (CVC), with investments in 16 venture capital funds and 6 companies through direct investments. These investments focus on high-potential technologies, while the Company continues to explore investment opportunities across the AI value chain to further strengthen its business portfolio and enhance future growth potential.
In addition, BANPU announced an interim dividend payment of THB 0.40 per share, reaffirming its commitment to delivering shareholder returns while maintaining a strong financial position to support continued growth under the Energy Symphonics strategy.
For more information, please visit: www.banpu.com and https://www.facebook.com/Banpuofficialth
*The reported operating results represent the performance of the legacy Banpu Public Company Limited prior to the completion of the amalgamation and therefore, do not yet reflect the financial position, capital structure, or registered capital of the newly established BANPU.
**Calculated based on the average exchange rate for the first half of 2026 of USD 1: THB 32.0962.
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About Banpu
Banpu Public Company Limited is a leading versatile energy company, operating across four business pillars under its Energy Symphonics Strategy: U.S. Closed-Loop Gas, Next-Gen Mining, Power+, and Future Tech – with operations in Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Japan, the United States of America, and Vietnam. The Company leads a responsible and sustainable energy transition by balancing reliable, affordable and sustainable energy.
