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PSG Corporation Public Company Limited, or PSGC, reported Q2/2026 revenue of Baht 4,692.5 million with net profit of Baht 359.3 million, lifting first-half revenue to Baht 7,292.5 million, up 458% year-on-year, and net profit to Baht 626.7 million, up 432% — tangible proof that its transformation into a “Regional Energy & Natural Resources Developer” is delivering, with recurring income from the energy resources supply chain business through Nam Tien Limited Liability Company (NT) consolidated for a second straight quarter, alongside construction revenue in Lao PDR. With energy demand rising across Vietnam and ASEAN, momentum in the second half remains strong — driven by coal deliveries under contracts with state-owned energy enterprises in Vietnam — keeping PSGC firmly on track for its 2026 revenue target of over Baht 10,000 million.

Mr. David Van Dau, Chief Executive Officer of PSG Corporation Public Company Limited, or PSGC, disclosed that the Company has reported its Q2/2026 operating results to the Stock Exchange of Thailand, with total revenue of Baht 4,692.5 million and net profit of Baht 359.3 million, continuing the growth from the first quarter. For the first six months of 2026, the Company recorded total revenue of Baht 7,292.5 million, up 458% year-on-year, and net profit of Baht 626.7 million, up 432%. Key growth drivers were the consolidation of the energy resources supply chain business through NT for two quarters, together with continued revenue recognition from construction projects in Lao PDR.

“The first half of 2026 is the first concrete proof of PSGC’s new revenue structure. Where our revenue once depended primarily on the progress and number of construction projects, today the Company earns recurring income from the energy resources supply chain business, recognized on a steady and continuous basis. This makes our revenue base stable, predictable, and far less exposed to construction-cycle volatility — which is the core of the transformation into a regional energy and natural resources developer that we set out to achieve,” Mr. David said.

For the Company’s energy resources supply chain business, coal deliveries are progressing steadily under sale-and-purchase agreements with state-owned energy enterprises in Vietnam. First-half deliveries totaled 1.4 million tons, 0.1 million tons above the forecast.

Analyzing Vietnam’s energy landscape, Mr. David noted: “Vietnam’s energy demand is on one of the clearest upward trajectories in the region. The Revised National Power Development Plan 8 (Revised PDP8), approved by the Vietnamese government in April 2025, is built on a target of average economic growth of around 10% per year over 2026–2030, which will continue to drive the country’s electricity demand — with coal-fired power plants remaining the base-load capacity that safeguards grid stability through the energy transition. Structural demand of this kind is the fundamental factor underpinning NT’s business, which sits directly in the fuel supply chain serving Vietnam’s major power producers.”

Meanwhile, the renewable energy business through the Pumped Storage Hydropower (PSH) project, under the Memorandum of Understanding (MOU) with Electricite Du Laos (EDL), continues to progress and is currently in the phased feasibility study stage.

“The direction of the entire region confirms that we are on the right track. The International Energy Agency’s Southeast Asia Energy Outlook 2026 shows that ASEAN’s electricity demand has been growing around twice as fast as overall energy use and is set to more than double by 2050, driven by the expansion of industry, buildings, and data centers. The higher the share of renewables in the power system, the greater the need for large-scale energy storage technologies such as PSH. Lao PDR — with a large number of hydropower plants and reservoirs already in operation — is among the region’s highest-potential locations for PSH development, and that is precisely why PSGC has chosen to build this business in Lao PDR together with EDL, starting today,” Mr. David said.

PSGC’s integrated construction business, the Company’s core business for over 40 years, continues to generate revenue from the XPPL Expansion Phase 1 and the new community and basic infrastructure construction project in Lao PDR. The Company focuses on selecting construction projects linked with the Group’s energy and natural resources businesses, in order to create Cross-business Value Creation within the PSGC Group.

“For the second half of 2026, PSGC’s growth momentum remains strong — driven by coal delivery volumes, construction revenue recognized in line with project progress, and the ongoing PSH project study with our partner in Lao PDR. We are confident that this strong first-half performance will serve as a critical foundation for achieving our revenue target of over Baht 10,000 million in 2026, and for expanding our revenue base to more than Baht 20,000 million per year by 2035,” Mr. David concluded.