Wp Energy Public Company Limited

TSE reported a half-year profit of 80 million baht on total revenue of more than 646 million baht. The company plans to move into the health sector, such as fertility technology clinics, or IVF, to add new revenue streams. It also plans to keep expanding production capacity through the Solar Big Lot project and is preparing to take part in clean energy project auctions under the government's power development plan, or PDP 2026. Meanwhile, WP received a certificate for corporate carbon footprint labelling for the year 2569 from the Thailand Greenhouse Gas Management Organization, reflecting its emphasis on sustainable greenhouse gas management. Globlex Securities estimates that the SET Index will swing in a volatile range this week, moving between 1,570 and 1,630 points, pressured by WTI crude oil surging above 100 dollars, while supported by the upward revision of Thailand's GDP to 2.5%. It recommends adjusting portfolios in line with the FTSE Rebalance, with CPN entering and leaving among Large Caps, CPN entering among Mid Caps, and BTS, FTREIT, LH, SCCC, THAI and TU entering among Small Caps.

WP Energy is pressing ahead with its rooftop solar expansion, targeting growth of no less than 10 megawatts in 2026, amid a government policy that is preparing to support household rooftop solar installations with a subsidy of 50,000 baht per household, covering a target of up to 1.5 million households, representing total support of roughly 75 billion baht. Chomkamol Poompanmuang, chief executive officer of WP, said that in the second half of the year the company will continue to expand its rooftop solar business, which will support overall operating results in growing in line with targets. The state is also preparing to coordinate with state financial institutions, namely the Government Savings Bank, the Government Housing Bank, and the Bank for Agriculture and Agricultural Cooperatives, to provide credit support to the public, along with a plan to allow households to sell electricity back into the system, which will shift the role of rooftop solar installers from electricity users to small-scale power producers that can generate income. The final details of the project are still awaiting an official conclusion.

WP Energy Public Company Limited, or WP, has announced a new growth strategy, with Chief Executive Officer Chomkamol Poompanmuang and Police General Dr. Somyot Poompanmuang, the company's new Chairman of the Board, jointly driving the core LPG business while seeking investment opportunities in new businesses to create a New S-Curve. The company aims to maintain the competitiveness of its LPG business through improved operational efficiency, cost and logistics management, and customer base expansion. It is also open to business partners and considering joint investments in promising new businesses, one of which is AI Data Centers, currently under study for opportunities and investment models, including the feasibility of collaborating with specialized partners. All investment projects will undergo careful review of returns, risks, and long-term value creation potential under the concept of Strengthen the Core, Build New Growth, Create Sustainable Value.

WP Energy Public Company Limited, or WP, announced a strategy adjustment for the second half of 2026, no longer focusing solely on increasing LPG sales volume but instead on managing high-potential customers and controlling costs to reduce pressure from price competition. The company maintains its 2026 LPG sales target of 770,000 tonnes and aims for long-term average growth of 2.8 percent per year through its JUMP+ strategic plan, while expanding distribution points and preparing to invest in alternative energy businesses to create new revenue and diversify risk. The company is undergoing a credit rating assessment by TRIS Rating Company Limited to enhance credibility and prepare access to new funding sources. It also received certification as a member of Thailand's Private Sector Collective Action Against Corruption, or CAC, on 30 June 2026, and has completed verified corporate greenhouse gas emissions accounting.

WP Energy Public Company Limited, or WP, reported the results of its share repurchase for financial management on 18 August 2026. The company bought back 4,600,000 shares through the stock exchange at a maximum price of 3.88 baht per share and a minimum price of 3.76 baht per share, for a total value of 17,625,678 baht. This brings the cumulative number of shares repurchased under the programme to date to 5,300,000 shares, or 1.04 percent of paid-up shares, with a total repurchase value of 20,267,260 baht. The buyback programme was approved by the company's board of directors on 25 June 2026, with a maximum of 15,000,000 shares, or 2.94 percent of paid-up shares, and is scheduled to end on 31 December 2026.

WP Energy Public Company Limited reported first-half 2026 net profit of 84.73 million baht, up 20.32% from the same period last year, with total revenue of 8.33 billion baht and total liquefied petroleum gas sales volume of 360,762 tonnes, all from domestic sales. For the second quarter of 2026, the company posted net profit of 40.32 million baht, up 27.13% year on year. The company said the support came from efficient customer portfolio and cost management, reduced price competition, and maintaining market share at 20%. Meanwhile, the rooftop solar power system installation business recognised revenue of 19.89 million baht in the first half, with more than 33 projects already selling electricity commercially, total capacity of 12.74 megawatts, and a target to grow by no less than 10 megawatts in 2026. The company also launched a share buyback programme of up to 15 million shares, with a maximum budget of 63 million baht, from 1 July to 31 December 2026, to enhance shareholder returns and earnings per share.

WP Energy Public Company Limited reported net profit of 84.73 million baht for the first six months of 2026, up 20.32% from the same period last year, with total revenue of 8.33 billion baht and total liquefied petroleum gas sales volume of 360,762 tonnes. For the second quarter of 2026, the company posted net profit of 40.32 million baht, up 27.13% year-on-year, supported by efficient customer portfolio and cost management, as well as revenue recognition from the solar rooftop business worth 19.89 million baht. It currently has more than 33 projects selling electricity commercially, with total capacity of 12.74 megawatts, and targets growth of at least 10 megawatts this year. The company also announced a share buyback programme of up to 15 million shares, with a maximum budget of 63 million baht, from 1 July to 31 December 2026, to enhance shareholder returns.

WP Energy Public Company Limited receives a direct positive boost from government policy, which is set to deploy a 200 billion baht budget from the emergency decree on energy transition borrowing to drive solar rooftop installations through low-interest loan programs offered by state specialized financial institutions. These measures help reduce upfront investment barriers and are likely to significantly accelerate demand for rooftop solar power systems. Currently, WP has 35 commercially operational solar rooftop projects with a total capacity of 10.72 megawatts, and in the first quarter of 2026, this business contributed approximately 10 percent of the company's net profit. Ms. Chomkamol Phumphanmuang, Chief Executive Officer of WP, targets within one to three years for the solar rooftop business to increase its profit share to 30 percent of net profit, highlighting the strength of recurring income from long-term power purchase agreements that enhance earnings stability.