426 76% EBITDA 24 81 238% 114 223 96% Net Profit (Loss) for the Company (13) 34 362% (9) 82 1,011% Gross Profit Margin (%) 52.2% 64.6% 12.5% 56.1% 63.2% 7.1% EBITDA Margin1 (%) 20.7% 32.8% 12.1% 26.2

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, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company and

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consideration the associated risks, targeted returns on investments, and continued financial disciplines. Currently the Company is in negotiations with the Dhanarak Asset Development (DAD) on details of the

55.8% stake of the Galoc petroleum field, leading the company group to record an impairment loss in Galoc oil field asset in the consolidated financial statement at THB 412 million, and record an