TEGH has revealed that its plan to list its subsidiary, Thai Eastern Bio Power (TEBP), on the stock exchange is still moving forward, after the Securities and Exchange Commission (SEC) approved an extension of the IPO offering period. The company will consider the capital market conditions and various beneficial options, while also assessing the outlook for the second half of 2026, which remains positive due to increased rubber orders from India, Europe, and the United States, as well as the EUDR measures that are not expected to be postponed. As a result, revenue for 2026 is expected to grow by 10% to reach 22 billion baht, a new record high. The volume of rubber block sales is expected to be around 260,000 tons, up 4% from the previous year. Meanwhile, the crude palm oil business plans to increase production capacity by another 50% within this year, and the renewable energy business has a phase 2 biogas capacity expansion project that will add 297,000 tons per year of organic waste management capacity and 23.76 million cubic meters per year of biogas production capacity. For the second quarter of 2026, the company reported total revenue of 4.405 billion baht and net profit of 165 million baht, up 104% from the previous quarter.
Thai Eastern Group Holdings PCLTEGH proceeds with IPO of subsidiary TEBP after SEC extension, and expects record revenue growth.
TEBP's IPO is proceeding after SEC extension, indicating progress towards listing.
