608.15 4.22% 589.08 4.36% (19.07) (3.14%) Administrative expenses 355.98 2.47% 359.98 2.66% 4.00 1.12% Profit from operating activities 271.85 1.89% 238.33 1.76% (33.52) (12.33%) Finance income 5.90 0.04

center, cyber security, ICT solutions, and 5G services. EBITDA is expected to grow by low-single digit, driven by better revenue momentum and controlled costs while ensuring proper capital allocation to

associates 30 50 -40.0% 49 -38.8% Gain (Loss) on exchange rate 11 (93) n/a 8 37.5% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR

902.4 +0.0% Finance costs 42.5 48.1 50.5 +18.7% +4.9% 128.2 138.5 +8.0% Other expenses - - - - - 192.4 - -100.0% Profit before income tax expenses 108.7 163.7 154.0 +41.7% -5.9% 279.2 456.7 +63.6% Tax

49.34 17.69% Finance cost 49.11 68.10 18.99 38.67% Income tax expenses 48.04 57.52 9.48 19.73% Net profit 181.71 202.58 20.87 11.49% Net profit ratio (ROS) 17.16% 15.74% Earnings per share (Baht) 0.34

) (278) (3) (12) EBIT 299 6 174 4 87 2 (212) (71) (87) (50) 577 6 261 3 (315) Finance Costs (15) (0) (22) (1) (15) (0) (0) 2 7 (32) (22) (0) (37) (0) (16) FX Gain/(Loss) (1) 8 0 (24) (1) (26) (1) (34) (453

2 new investors on the share capital increase in a proportion of 49 percent on Pace Project One Co., Ltd and 48.7 percent on Pace Project Three Co., Ltd. The Company remeasured the remaining

venture, Synergistic Property Development Company Limited, with a registered capital of THB 100,000. The venture was jointly invested with Ek-Chai Distribution System Company Limited for a 50:50

46,154 46,319 43,763 Total liabilities million baht 13,680 14,428 13,205 equity’ Total shareholders million baht 32,474 31,891 30,558 Registered capital million baht 1,259 1,259 1,259 up capital-Paid

: Specify the use of proceeds received from the fund raising, such as: expansion of production capacities, use as revolving capital, repayment of existing debt, investment in new projects, business