PSGC's Laos coal supply chain drives record first-half profit and revenue
Coal supply chain powers record first-half results PSGC's first-half revenue jumped 458% to 7.29 billion baht and net profit rose 432% to 627 million baht, mostly from its Laos-Vietnam government-to-government coal supply chain. That business shipped 1.41 million tonnes, above plan, to two Vietnamese state energy firms, giving PSGC steadier, recurring income instead of lumpy construction work.
This is the core new financial event showing why PSGC's earnings and stock story have strengthened.
PSGC tops mai market profit rankings PSGC was named the most profitable company on Thailand's mai market for the first half of 2026, with profit up 317% from a year earlier. Being the top profit leader raises PSGC's visibility among investors and can attract more buying interest in the stock.
It shows external recognition of PSGC's earnings strength, which can support demand for the shares.
New pumped-storage hydropower study with Laos PSGC signed an agreement with Laos' state power utility and government to study turning existing hydropower plants into pumped-storage systems, a large-scale way to store electricity. It is a long-term project needing years of study, but it signals PSGC is expanding beyond coal into regional energy infrastructure.
It is a new strategic move that could broaden PSGC's future business and growth story.
Capital reduction and construction pipeline PSGC cut its par value from 2 baht to 1 baht, a technical step that does not change the number of shares or company value. Meanwhile, its construction projects are mostly finished or progressing, with about 2.4 billion baht of remaining revenue expected through 2571, which supports future earnings but is not new growth.
It explains a neutral capital change and the remaining construction revenue that partly offsets reliance on coal.