Gulf EnergyNews · 2026-02-18 00:00

Gulf Energy Development reported a record core profit of 28.78 billion THB in 2025, a 33% increase, driven by energy businesses and AIS.

Gulf Energy Development announced its 2025 financial results, achieving a record core profit of 28.78 billion THB, a 33% year-on-year increase, alongside a significant net profit boost from its INTUCH merger. The company's growth was primarily fueled by its expanding energy portfolio and increased share of profit from AIS.

This strong performance underscores Gulf's strategic diversification beyond traditional power generation into telecommunications and digital infrastructure. The company's continued expansion in renewable energy and data centers positions it for sustained growth in key Southeast Asian markets and beyond.

Fast Facts

·Core Profit 2025: 28,776 million THB
·Core Profit Growth (YoY): 33%
·Net Profit 2025: 86,562 million THB
·Gain from INTUCH merger: 56,120 million THB
·GPD Power Plant: 2,650 MW, fully operational in 2024
·HKP Power Plant: 1,540 MW, second unit operational early 2025
·Jackson Generation (US): Core profit 1,093 million THB in 2025
·Solar/Solar BESS projects (Thailand): 5 projects (532 MW) fully operational Dec 2024; 7 projects (597 MW) operational Nov-Dec 2025
·LNG imports 2025: 54 cargoes (approx. 3.7 million tons)
·AIS Core Profit Share 2025: 15,397 million THB
·2026 Revenue Growth Forecast: 10-15%
·New Power Capacity 2026: Approx. 695 MW (6 solar projects, 1 waste-to-energy, solar rooftop)
·Planned LNG imports 2026: Approx. 70 cargoes (4-5 million tons)
·GSA01 Data Center: 25 MW, full-year operation in 2026
·Planned bond issuance: 30,000-35,000 million THB in March

Power Generation

LNG

Data Centers

People Mentioned

Yupapin Wangviwat

Chief Financial Officer at Gulf Energy Development Public Company Limited

Source

Gulf Energy Development reported a record core profit of 28.78 billion THB in 2025, a 33% increase, driven by energy businesses and AIS.