Energy Absolute Public Company (EA) Q1 2025 earnings summary

Executive summary

• Engaged in manufacturing/distribution of crude palm oil, biodiesel, glycerin, renewable power, batteries, EVs, and charging stations.

• Interim financials for Q1 2025 prepared per Thai Accounting Standards and reflect adoption of new standards with no significant impact.

Financial highlights

• Basic EPS for Q1 2025 was 0.04 Baht, down from 0.19 Baht in Q1 2024; net profit attributable to shareholders was 252 million Baht, down from 888 million Baht year-over-year.

• Revenue from sales and services increased to 5,787 million Baht in Q1 2025 from 3,425 million Baht in Q1 2024.

• Total inventories rose to 5,647 million Baht as of March 2025 from 4,268 million Baht at year-end 2024.

• Trade accounts receivable, net, increased to 5,444 million Baht as of March 2025 from 3,261 million Baht at year-end 2024.

Outlook and guidance

• Management confident in sufficient working capital and ability to meet obligations for the next 12 months, despite credit rating downgrade.

• Additional external funding is being sourced to support operations and enhance liquidity.