GULF Records Highest Core Profit in History, Targets 15% Revenue Growth

Miss Yupaphin Wangwiwat, Chief Financial Officer of Gulf Development Public Company Limited, revealed the company's 2025 financial performance. Total revenue reached 135,596 million baht, a 9% increase from the previous year, with core profit at 28,776 million baht, up 33% from 21,572 million baht. Net profit stood at 86,562 million baht. For 2026, the company expects continued growth, projecting a 10-15% revenue increase from new power generation projects totaling approximately 695 megawatts. These include six solar energy projects in Thailand, a community waste-to-energy project in Chiang Mai, and rooftop solar installations. The company also plans to expand LNG imports to about 70 shipments and is developing an LNG terminal expected to become operational in Q1/2029. Additionally, the company anticipates increased profits from its AIS shareholding, driven by strong 5G service expansion and efficient cost management.