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    Independent Power Producers
Electricity Generating Public Company Limited

Electricity Generating Public Company Limited

EYGPF
Electricity Generating Public Company LimitedUS flagOther OTC
2.82
USD
- -
- -
1.48BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
33.16
32.1
30.23
43.3
57.02
67.47
71.25
63.78
68.2
113.27
94.26
76.58
60.95
58.97
Basic EPS, GAAP
13.61
14.56
8.2
15.81
22.45
40.03
24.81
16.59
7.8
5.1
-15.93
10.28
8.98
3.85
Free Cash Flow per Basic Share
-15.68
-6.12
-9.36
-9.22
13.22
19.08
21.18
21.77
18.52
12
16.9
14.45
5.84
4.32
Dividend per Share
6.25
6.52
6.34
6.6
6.85
9.59
6.87
6.32
6.77
6.5
6.5
6.56
6.5
6.5
Book Value per Share
110.88
119.19
121.14
130.45
146.17
176.7
194.57
204.12
205.16
203.86
181.43
185.21
187.69
189.54
Tangible Book Value per Share
104.05
112.32
121.2
128.18
137.73
167.8
177.42
174.61
198.19
215.6
189.75
192.8
184.71
189.97
Basic Weighted Avg Shares
526
526
526
526
526
526
526
526
526
526
526
526
526
526
Sales/Revenue/Turnover
17,458
16,897
15,914
22,794
30,018
35,522
37,511
33,578
35,904
59,632
49,627
40,317
32,086
31,014
Operating Margin (%)
26.99
30.84
28.94
28.01
25.5
23.23
21.84
22.47
20.91
13.02
10.42
13.21
6.12
3.84
Depreciation Expense
1,724
2,214
2,259
2,380
2,865
3,165
3,067
3,131
3,124
3,285
3,040
3,121
2,488
2,282
Net Income, GAAP
7,164
7,667
4,319
8,321
11,818
21,073
13,059
8,733
4,104
2,683
-8,384
5,411
4,727
2,026
Effective Tax Rate (%)
15.13
8.96
14.88
11.04
4.62
4.25
6.14
10.45
13.8
11.21
- -
17.91
23.53
26.72
Profit Margin (%)
41.04
45.37
27.14
36.5
39.37
59.32
34.81
26.01
11.43
4.5
-16.89
13.42
14.73
6.53
Working Capital
7,304
-1,597
3,484
6,605
22,071
17,408
23,316
18,621
11,476
30,276
31,837
35,200
19,138
14,842
LT Debt
42,238
59,688
78,314
92,715
87,881
64,640
83,773
82,243
90,620
94,761
106,944
103,495
83,585
69,438
Total Equity
70,253
74,219
77,750
82,598
86,856
100,850
105,106
102,834
114,037
120,797
105,226
104,640
100,045
102,456
Return on Invested Capital (%)
3.61
3.51
2.47
3.23
3.94
4.16
3.95
3.44
3.06
2.98
- -
1.92
0.69
0.4
Return on Capital (%)
8.28
7.46
4.38
6.86
8.89
13.75
8.85
6.06
3.36
2.72
- -
5.49
4.08
2.63
Return on Common Equity (%)
12.71
12.66
6.83
12.56
16.23
24.79
13.36
8.32
3.81
2.49
-8.27
5.61
4.82
2.02

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
12,714
24,211
34,032
LT Borrowings
97,624
83,401
68,921
LT Finance Leases
165
183
518
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
526
526
526
Market Capitalization
48,142
46,775
48,439

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
51,784
49,871
61,874
Cash, Cash Equivalents & STI
37,899
34,515
35,836
Accounts Receivable, Net
4,180
5,327
4,259
Inventories
2,482
2,400
2,236
Total Current Liabilities
18,756
30,733
47,031
Payables & Accruals
5,834
6,312
4,228
ST Debt
12,714
24,211
34,032
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.85%
-0.2%
-4.39%
Free Cash Flow
-27.02%
-16.68%
-59.57%
Net Income, GAAP
-53.55%
-135.46%
-12.64%
Sales/Revenue/Turnover
10.54%
3.41%
-20.42%
Total Cash Common Dividend
1.47%
0.64%
-0.93%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,852
9,943
10,928
9,594
40,317
2025
9,350
9,890
5,471
7,375
32,086
2026
8,278
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.16
2.65
4.68
- -
10.28
2025
6.79
4.1
-1.25
- -
8.98
2026
1.66
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.32
3.25
- -
6.56
2025
- -
3.25
3.26
- -
6.5
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Tawatchai Sumranwanich
Sector
Utilities
Industry
Independent Power Producers
Address
EGCO Tower Bangkok Thailand 10210
IPO Date
Mar 28, 2013
Website
egco.com
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Business
Electricity Generating Public Company Limited (EGCO Group) operates primarily in the power generation sector, producing and supplying electricity through an extensive portfolio of power plants using a diverse range of fuels, including natural gas, liquefied natural gas (LNG), coal, biomass, hydropower, and solar energy. The company’s core products and services encompass power generation and electricity sale; ownership and operation of power plants; investment in renewable energy projects such as solar and hydroelectric plants; and energy storage solutions including battery storage projects. EGCO also engages in power plant operation and maintenance, and provides energy-related services across Thailand, the United States, and other international markets. Founded in 1992 and headquartered in Bangkok, Thailand, EGCO functions as a holding company with subsidiaries managing different power assets. Recent major changes include the acquisition of a 49% stake in Wheatsborough Solar in the United States, reinforcing its clean energy portfolio. The company has launched new battery storage projects like the 100 MW Angelo Battery Storage facility and continues expanding its renewable energy capacity. EGCO announced its “Triple P” strategy (2025-2027) focusing on sustainable profitability, boosting renewable energy to 30% of total capacity by 2030, achieving carbon neutrality by 2040, and net-zero emissions by 2050. This strategy incorporates a THB 30 billion investment budget for core power and energy-related business expansion and operational optimization to support international growth. EGCO’s business segments span conventional and renewable power generation, power plant operations, and energy storage. It supplies electricity primarily to the Electricity Generating Authority of Thailand and operates in key markets including Thailand and the United States, with ongoing expansions into other regions. The company’s strategic focus on low-carbon technology and international business growth positions it as a key player in the energy transition landscape while maintaining a balanced and diversified power generation portfolio. This multifaceted approach, with a strong emphasis on renewable energy investment, operational efficiency improvements, and strategic acquisitions, demonstrates EGCO’s commitment to evolving as a sustainable energy provider in Southeast Asia and globally.