Unison Co. Ltd

B.Grimm Power or BGRIM has announced an organizational restructuring and the establishment of 4 main business units to support the new Power Development Plan (PDP 2026), aiming to become a fully integrated energy technology company. The business units include B.Grimm BeyondBridge, which focuses on developing Digital Infrastructure as a Service (DIaaS), building on the 216.76-kilometer Smart Micro Grid, supporting the liberalization of the electricity grid (TPA). B.Grimm iNET, a joint venture with iNET, elevates industrial estates to Smart Industrial Estate. Digital Edge B.Grimm develops a Hyperscale data center with a capacity of 96 megawatts, with an investment value of 26 billion baht in Chonburi, now over 45% complete, gradually commencing operations by the end of 2026 and expanding to 300 megawatts by 2030. Meanwhile, the clean energy business under the GreenLeap strategy targets a total contracted capacity of 10,000 megawatts, increasing the renewable energy share to over 50% by 2030 in Thailand, South Korea, the Philippines, and Japan. For short-term revenue, BGRIM has surplus capacity ready for immediate grid connection of 250 megawatts in Map Ta Phut and Ang Thong, without waiting for new projects, and is in talks to sell land with electrical systems to data center developers, creating a Data Center Ecosystem. New projects set to commence operations include the Nakwol 1 offshore wind farm in South Korea, with a capacity of 365 megawatts, holding a 49% stake, expected to reach commercial operation in 2026 after purchasing 85% of Unison's convertible bonds worth 32 billion won. The Zhongce Rubber rooftop solar project has a capacity of 35 megawatts. The Huong Hoa 1 onshore wind farm in Vietnam has a capacity of 48 megawatts, and others totaling 30 megawatts. The Inthri B.Grimm Solar project, with a capacity of 83.79 megawatts, commenced operations on February 19, 2026, generating continuous revenue. The first phase of the Amata B.Grimm Power floating solar project, with a capacity of 17 megawatts, will start recognizing revenue on July 1, 2026. Subsidiary ARECO has signed a renewable energy power purchase agreement for 50 megawatts from the Vista Alegre solar farm, with an installed capacity of 65 megawatts in the Philippines, with the National Transmission Corporation under the Green Energy Auction–4 program, and is preparing to support SMR technology through partnerships with European and Chinese allies.

B.Grimm Power reported strong second-quarter 2026 results, with total revenue of 15.123 billion baht and net operating profit attributable to the parent of 478 million baht, up 0.6% from a year earlier. The company also approved an interim dividend of 0.18 baht per share, with the ex-dividend date set for 26 August 2026 and payment on 11 September 2026. Supporting factors included the adoption of a new electricity tariff formula that better reflects natural gas costs, cost-reduction measures, and the recognition of results from renewable power plant projects that have gradually begun commercial operations. Total electricity sales volume rose 2.7% to 4,003 gigawatt-hours, while net profit attributable to the parent increased significantly to 676 million baht from 7 million baht a year earlier, partly due to unrealised foreign exchange gains. The company continues to expand its business both domestically and internationally, including the purchase of convertible bonds in Unison Co., Ltd. to support the 365-megawatt Nakwol offshore wind power project, and targets importing no more than six LNG cargoes in 2026.

B.Grimm Power reported second-quarter 2026 net profit of 675.97 million baht, up 9,782.60% from the same period last year, and announced an interim dividend of 0.18 baht per share. The XD date is set for August 26, with dividend payment on September 11, 2026. The profit surge was driven by the adoption of a new electricity tariff formula that better reflects natural gas costs, cost-reduction measures, and the recognition of operating results from renewable power plants that have gradually commenced commercial operations. For the first six months, net profit was 1,397.15 million baht, up 111.43% from a year earlier. Total revenue was 15,123 million baht, up 0.4%, as total electricity sales volume rose 2.7% to 4,003 gigawatt-hours. The company is also continuing to expand its renewable energy portfolio through acquisitions and new projects, such as the purchase of convertible bonds of Unison Co., Ltd. worth 32,000 million won to support the 365-megawatt Nakwol offshore wind power project, and the acquisition of a 51% stake in Aruna X Holdings Co., Ltd.