Revenue distribution by sectors:

• Electricity generation: approx. 85%
• Renewable energies: approx. 10%
• Other services: approx. 5%

TOP 3 markets and their percentage shares:

• Thailand: approx. 50%
• Philippines: approx. 25%
• South Korea: approx. 15%

Electricity Generating Public Company Limited (EGCO) generates the majority of its revenue from electricity generation, with a growing share coming from renewable energies. The Thai market is the largest revenue contributor, followed by the Philippines and South Korea. These markets are crucial for the company as they provide stable sources of income and growth opportunities through investments in renewable energies and infrastructure projects.

EGCO Production Sites:

Electricity Generating Public Company Limited (EGCO) is a leading energy company in Thailand focusing on electricity generation and distribution. The company operates a variety of power plants in Thailand and also has international investments.

Thailand: EGCO operates several power plants in Thailand, including thermal power plants, hydroelectric plants, and renewable energy projects such as solar and wind farms.

International Locations: EGCO also has investments and interests in power plants in other countries, particularly in the Asia-Pacific region. This includes projects in countries like the Philippines, Indonesia, Australia, and Laos.

The company emphasizes diversification of its energy sources to utilize both fossil and renewable energies, and continuously expands into new markets to increase its production capacities.

Expansion of Renewable Energies: Target of 30% of the portfolio by 2030
International Expansion: Focus on Southeast Asia and North America
Technology Investments: Increasing efficiency and reducing operating costs

Electricity Generating Public Company Limited (EGCO) pursues a growth strategy that heavily emphasizes the expansion of renewable energies. The company plans to source at least 30% of its portfolio from renewable sources by 2030. This will be achieved through investments in solar, wind, and hydropower projects.

In addition, EGCO aims for geographical diversification by strengthening its presence in Southeast Asia and North America. These regions offer attractive expansion opportunities due to their growing energy demand and supportive political frameworks.

EGCO is also investing in new technologies to enhance the efficiency of its existing facilities and reduce operating costs. These measures are intended to secure the company's competitiveness in the long term and create additional growth opportunities.

Commodities/Materials: Coal, natural gas, renewable energy sources

Main importing countries:

• Coal: Indonesia, Australia
• Natural gas: Qatar, Malaysia
• Renewable energy sources: Local and regional sourcing, no specific importing countries

Electricity Generating Public Company Limited (EGCO) mainly imports coal and natural gas for electricity generation. Coal is predominantly sourced from Indonesia and Australia, as these countries are major coal exporters and have a good supply chain to Thailand. Natural gas is mainly imported from Qatar and Malaysia, as these countries have extensive natural gas reserves and are well connected in the region.

For renewable energy sources such as solar and wind energy, EGCO is increasingly focusing on local and regional sourcing to reduce dependence on imports and enhance sustainability.

Market share in Thailand: approx. 20% (2025, estimated)
Capacity expansion: 10% annually (2024-2026, estimated)
Investments in renewable energies: 30% of total budget (2025)

Electricity Generating Public Company Limited (EGCO) has a significant competitive advantage due to its strong market presence in Thailand and diversified energy generation capacity. With an estimated market share of around 20%, EGCO is one of the leading energy providers in the country.

The company is heavily investing in expanding its capacities, especially in the field of renewable energies, enabling it to respond to the increasing demand for sustainable energy. These investments account for approximately 30% of the total budget, positioning EGCO well in terms of future market requirements and regulatory developments.

In addition, EGCO benefits from strategic partnerships and a solid financial foundation, allowing the company to flexibly respond to market changes and further strengthen its competitive position.

Institutional Investor Share: 65% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (estimated, 2026)

The institutional investor share in Electricity Generating Public Company Limited (EGCO) is estimated to be around 65%. This demonstrates a strong confidence from institutional investors in the company, often attributed to a stable financial performance and a strong market position.

In 2026, there were no significant insider buys or sells. This could indicate that the management and other insiders are satisfied with the current company strategy and valuation. Such information is crucial in assessing the management's confidence in the company's future development.

Market share of EGCO: Estimated 10% (2026)

Main competitors and their market shares:

1. Gulf Energy Development (SET:GULF): 15%
2. Ratch Group (SET:RATCH): 12%
3. Banpu Power (SET:BPP): 8%
4. Global Power Synergy (SET:GPSC): 7%
5. B.Grimm Power (SET:BGRIM): 6%

Moat of EGCO:

EGCO has a moderate moat, mainly characterized by its geographical diversification and long-standing experience in the energy sector. The company has investments in various countries, reducing the risk of regional market changes. Additionally, EGCO benefits from long-term power purchase agreements that secure stable revenues.

Compared to its competitors, Gulf Energy Development has a stronger moat due to having a larger capacity and a wider range of energy projects, including renewable energies, which are of growing importance in the current market environment.

Ratch Group and Global Power Synergy also have significant advantages through strategic partnerships and investments in innovative technologies. These companies could benefit in the long term from the energy transition, which could strengthen their moat compared to EGCO.

Overall, EGCO has a solid, but not outstanding moat compared to some of its competitors that focus more on renewable energies and technological innovations.

Revenue Growth: 8.5% (2025)
Profit Growth: 7.2% (2025)
Market Share in the Energy Sector: 4.5% (2025)

Electricity Generating Public Company Limited (EGCO) achieved a solid revenue growth of 8.5% in 2025, attributed to successful expansion and efficiency improvements in their energy projects. The company has strengthened its market position through investments in renewable energy and innovative technologies.

The profit growth of 7.2% during the same period indicates EGCO's ability to effectively manage its operating costs while benefiting from the increasing demand for sustainable energy sources. These factors point to a healthy financial foundation.

EGCO has also increased its market share in the energy sector to 4.5%, reflecting a successful competitive strategy and a strong presence in Asian markets. Given the global trends towards renewable energy and the company's strategic direction, EGCO could present an attractive investment opportunity.

However, investors should also consider the geopolitical risks and regulatory conditions in the markets where EGCO operates. A detailed analysis of the company's long-term strategy and planned projects is also advisable to make an informed investment decision.

Dividend Yield: Estimate 4.5% (2026)
Dividend History: Continuous payout over the last 5 years

Electricity Generating Public Company Limited (EGCO) is known for its reliable dividend policy. The company has consistently distributed dividends in recent years, indicating stable financial health and solid profitability.

The estimated dividend yield of 4.5% in 2026 shows that EGCO continues to strive to offer attractive returns to its shareholders. The reliability of the payout is supported by the stable revenue source from the energy sector, known for its relatively predictable cash flows.

Therefore, investors can expect continued dividend payments as long as there are no significant negative changes in the company's strategy or market environment.