GULF-R.BK
Company Description
Gulf Energy Development Public Company Limited produces and sells electricity, steam, and chilled water to public and private clients in Thailand and internationally. It operates through three segments: Power Business, Consulting Business, and Infrastructure Business. The company generates electricity through gas-fired, solar, and wind power projects under the independent power producers, small power producers, and very small power producer programs. As of December 31, 2021, it had a total installed power capacity of 7,875 megawatts. The company also undertakes infrastructure projects; produces and distributes electricity from biomass; and provides natural gas distribution services; and invests in digital infrastructure and digital-related services business. In addition, it engages in the provision of services related to the operation and maintenance, as well as engineering services of the power plants; solar energy solutions and maintenance services; and infrastructure construction services of liquefied natural gas receiving terminal, including storage of liquefied natural gas and regasification facilities. Further, the company is involved in general trading activities; securities investment business; and the provision of managerial, financial, technical, and research and other services. Gulf Energy Development Public Company Limited was founded in 2007 and is headquartered in Bangkok, Thailand.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 98.89B | 120.89B | 114.05B | 94.15B | 47.47B | 32.83B | 30.04B | 17.18B | 4.35B | 240.99M | 687.15M | 773.20M |
| Net Income | 80.00B | 18.17B | 14.86B | 11.42B | 7.67B | 6.14B | 7.17B | 3.03B | 3.45B | 417.56M | (811.39M) | (431.06M) |
| EPS | 5.35 | 1.55 | 1.27 | 0.97 | 0.65 | 0.56 | 0.66 | 0.28 | 0.32 | 0.04 | -0.08 | -0.04 |
| Free Cash Flow | 21.03B | (8.51B) | (1.91B) | (6.28B) | (8.18B) | (8.03B) | (5.55B) | (16.16B) | (19.73B) | (21.04B) | N/A | N/A |
| FCF / Share | 1.41 | -0.73 | -0.16 | -0.54 | -0.70 | -0.73 | -0.51 | -1.51 | -1.83 | -1.95 | N/A | N/A |
| Operating CF | 35.07B | 19.82B | 18.29B | 11.28B | 14.01B | 10.58B | 8.05B | 2.40B | (716.65M) | (1.15B) | N/A | N/A |
| Total Assets | 773.81B | 496.20B | 459.51B | 418.17B | 362.67B | 245.58B | 134.28B | 123.67B | 100.65B | 59.82B | N/A | N/A |
| Total Debt | 365.64B | 317.06B | 284.85B | 250.56B | 223.56B | 141.72B | 77.16B | 69.53B | 56.93B | 51.39B | N/A | N/A |
| Cash & Equiv | 45.75B | 34.10B | 38.71B | 39.19B | 19.85B | 15.90B | 14.39B | 16.70B | 20.22B | 2.77B | N/A | N/A |
| Book Value | 335.67B | 124.16B | 116.58B | 110.79B | 96.60B | 64.03B | 38.43B | 36.54B | 34.56B | 2.32B | N/A | N/A |
| Return on Equity | 0.24 | 0.15 | 0.13 | 0.10 | 0.08 | 0.10 | 0.19 | 0.08 | 0.10 | 0.18 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.64B | 31.33B | 29.04B | 38.52B | 30.78B | 27.25B | 30.45B | 31.59B | 31.60B | 27.67B | 27.42B | 32.56B |
| Net Income | 9.12B | 8.85B | 7.27B | 63.87B | 5.39B | 3.90B | 6.03B | 4.74B | 3.50B | 4.76B | 3.36B | 2.88B |
| EPS | 0.61 | 0.59 | 0.49 | 4.28 | 0.46 | 0.33 | 0.51 | 0.40 | 0.30 | 0.41 | 0.29 | 0.25 |
| Free Cash Flow | (7.09B) | (193.76M) | 5.87B | 1.72B | (1.15B) | (5.53B) | (1.57B) | 1.30B | (2.63B) | (6.21B) | 3.64B | (420.77M) |
| FCF / Share | -0.47 | -0.01 | 0.39 | 0.11 | -0.10 | -0.47 | -0.13 | 0.11 | -0.22 | -0.53 | 0.31 | -0.04 |
| Operating CF | 3.92B | 4.92B | 5.84B | 6.26B | 3.28B | 9.22B | 663.64M | 9.18B | 396.66M | 4.01B | 7.59B | 1.30B |
| Total Assets | 820.65B | 773.81B | 752.80B | 742.21B | 522.48B | 496.20B | 486.84B | 481.85B | 472.87B | 459.51B | 476.71B | 449.45B |
| Total Debt | 403.17B | 365.64B | 364.51B | 360.06B | 340.54B | 317.06B | 307.64B | 301.57B | 288.63B | 284.85B | 294.09B | 275.32B |
| Cash & Equiv | 52.55B | 45.75B | 52.65B | 49.46B | 45.62B | 34.10B | 43.35B | 38.22B | 37.12B | 38.71B | 52.30B | 35.03B |
| Book Value | 346.40B | 335.67B | 323.76B | 315.82B | 115.79B | 124.16B | 118.43B | 115.49B | 120.64B | 116.58B | 116.48B | 110.28B |
| Return on Equity | 0.03 | 0.03 | 0.02 | 0.20 | 0.05 | 0.03 | 0.05 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 |