Liquidity Ratio Current ratio (times) 0.44 0.68 Profitability Ratio 1) Gross profit / total sales and services revenue (%) 48.13% 49.36% Net profit / total sales and services revenue (%) 28.19% 31.18

the year 2019 equal to 2,701.7 million baht or 13.3%. The majority of assets increased were current assets are cash and cash equivalents increased. And increased investment properties. And increased

contribution from GHECO-One of Baht 347.9 million driven by the step down of contractual Availability Payment Rate, lower Energy margin and Tax rate 10% since November 2019 ii) lower contribution from SPP

3,001 million, decreased by 26.3% from the same period of the last year. The decrease was primarily due to the efficient cost control on the personnel cost, COVID-19 wage subsidy from Italian government

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 June 2023 of the Company and the subsidiaries (“the

Thailand Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the period ended 30 September 2023 of the Company and the

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2023 of the Company and the subsidiaries (“the

consolidated financial results, the Company has total revenues stable compared to the same period of last fiscal year due to the current economic situation which is in an improved trend but the risks to asset

1 No. ACE-ACC-3/2024 13 August 2024 Subject Management Discussion and Analysis for the period ended 30 June 2024 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company

1 No. ACE-ACC-4/2024 13 November 2024 Subject Management Discussion and Analysis for the period ended 30 September 2024 To President The Stock Exchange of Thailand Absolute Clean Energy Public