Thai Agro Energy Public Company Limited

DBS Vickers Securities Thailand said in an analysis that the Thai government is considering cutting excise taxes on biofuels to lower fuel prices and spur consumption. Currently, the excise tax on gasohol stands at 6.00 baht per litre and on biodiesel at 5.953 to 6.92 baht per litre. Raising the share of biofuels in use would help cut crude oil imports and ease the government's burden of subsidising fuel prices, with the Oil Fund now running a loss of about 100 billion baht. With demand for ethanol and biodiesel expected to rise, DBS Vickers has named 11 Thai stocks set to benefit, divided into three groups by business type. The first group is direct producers and distributors of biofuels, namely BBGI, EA, UBE, GGC and TAE. The second group is integrated palm oil producers linked to biodiesel, namely PCE, SMO, APO and VPO. The third group is sugar producers linked to ethanol, namely KSL, KTIS and BRR.

Thai Agro Energy Public Company Limited, or TAE, announced an interim cash dividend of 0.05 baht per share, following a board resolution on 20 August 2026. The dividend will be paid from net profit from promoted businesses at 0.05 baht per share and from non-promoted businesses at 0.00 baht per share, for the operating period from 1 January 2026 to 30 June 2026. The company set the ex-dividend date on 4 September 2026, the record date on 7 September 2026, and the dividend payment date on 18 September 2026.

Thai Agro Energy Public Company Limited, or TAE, reported a net profit for the first six months of 2026 surging over 1,061.42% to 225.26 million baht, compared to a loss of 23.43 million baht in the same period last year. Total revenue reached 1.273 billion baht, up 19.32%, while cost of sales fell by 92.58 million baht, or 9.10%, despite higher sales, reflecting cost management and production efficiency. For the second quarter of 2026, net profit stood at 99.58 million baht, a 540.81% increase from a loss of 22.59 million baht a year earlier. Total revenue was 651.25 million baht, up 9.55%, and gross profit margin jumped to 24.63% from just 0.95% in the second quarter of 2025. Senior CEO Kaona Deelun disclosed that the company's success came from developing innovative high-margin by-products, such as potassium fertilizer from wastewater and carbon dioxide, which have almost no cost and help reduce waste disposal expenses. The company aims to increase the revenue share from by-products to reduce volatility from ethanol prices and transition into a full-fledged biorefinery.