GPSC Reports 5% Profit Growth for First Nine Months of 2026

Global Power Synergy Public Company Limited (GPSC), the power innovation arm of the PTT Group, has reported a net profit of 5.13 billion baht for the first nine months of 2026. This figure represents a 5% increase compared to the same period in the previous year, according to CEO Cherdchai Boonchoochuay. The company attributed this growth primarily to increased water volume at the Xayaburi hydroelectric power plant (XPCL) and improved operational efficiency of its offshore wind energy project in Taiwan (CFXD). Additionally, the company benefited from reduced financial costs and a gain of 222 million baht from the divestment of its stake in Sheng Yang Energy Company Limited (SYE), which operates solar power plants in Taiwan. For residents and investors in Thailand, this performance highlights the ongoing expansion of PTT-affiliated energy firms into regional renewable markets. While these financial results indicate a stable growth trajectory for the company, the long-term impact of fluctuating water levels and international wind energy market conditions on future quarterly earnings remains to be confirmed. The report provides a snapshot of current operational successes but does not offer specific projections for the remainder of the fiscal year.