subsidiary was temporary shutdown in Q1/2019. The company shutdown from February to April after GJ Steel terminate service tolling agreement on 31 January 19 because the company waiting for sign new loan

155.6%, arising from increase in available payment from GHECO-One, according to the Power Purchase Agreement (“PPA”) which is based on the principle that annual Availability Payment (“AP”) will not lower

financing. 4. In the 1st quarter, other revenues was 1.32 million Baht. Foreign exchange gain was 12.98 million Baht which mainly due to the strengthening of local currency 5. In conclusion, for the 1st

%) (48.54) (12.28%) 5.79 13.54% Other Expenses (1.39) (0.31%) (12.77) (3.23%) 11.38 818.71% - EBIT 88.79 19.73% 55.44 14.02% (33.35) (37.56%) Financing cost (37.47) (8.33%) (18.46) (4.67%) (19.01) (50.73

% % Earnings before interest, taxes and depreciation 27% 24% 3% Other income /(expenses) 9.48 5.48 73% Financing cost 0.30 1.24 -76% Tax (Note) 17.82 (18.46) -197% Net profit 69.08 74.19 -7% % Net profit margin

footprint and leverage the financial and commercial skills of IVL to create shareholder value. The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any

production and sales. 3. Selling and administrative expenses decreased from the same period of last year to 14.66 million Baht while Finance costs decreased to 3.54 million baht due to the less financing. 4

) -12.97% 15.50 18.31% Other Expenses (9.29) -0.93% (20.58) -2.66% 11.29 121.53% - EBIT 231.81 23.19% 99.30 12.86% (132.51) -57.16% Financing cost (75.29) -7.53% (38.63) -5.00% (36.66) -48.69% EBT 156.52

fewer solar panels and equipment due to intense competition. 1.2 Revenues from Financing amount 9.27 million baht increase 3.78 million baht or increase 68.77% because in the third quarter of 2024, the

environmental policies and strategies, as well as for considering financing opportunities and effectively managing environmental and climate-related opportunities and risks. This will help support the smooth and