Thai Agro Energy Public Company Limited, or TAE, reported a net profit for the first six months of 2026 surging over 1,061.42% to 225.26 million baht, compared to a loss of 23.43 million baht in the same period last year. Total revenue reached 1.273 billion baht, up 19.32%, while cost of sales fell by 92.58 million baht, or 9.10%, despite higher sales, reflecting cost management and production efficiency. For the second quarter of 2026, net profit stood at 99.58 million baht, a 540.81% increase from a loss of 22.59 million baht a year earlier. Total revenue was 651.25 million baht, up 9.55%, and gross profit margin jumped to 24.63% from just 0.95% in the second quarter of 2025. Senior CEO Kaona Deelun disclosed that the company's success came from developing innovative high-margin by-products, such as potassium fertilizer from wastewater and carbon dioxide, which have almost no cost and help reduce waste disposal expenses. The company aims to increase the revenue share from by-products to reduce volatility from ethanol prices and transition into a full-fledged biorefinery.
Thai Agro Energy Public Company LimitedFirst-half net profit surged 1,061.42% to 225.26 million baht from a loss, with gross margin jumping to 24.63%.
