productivity aim in mind. Enterprise services maintained the growth amidst economic headwinds Non-mobile enterprise business reported a revenue of Bt1,680mn, growing 25% YoY mainly from TTTBB enterprise revenue

consolidated operating and administrative expenses were 2,056 million baht, decreasing by 13% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total

strongly, especially on a same-store basis that continues to grow together with cost effective management. Excluding the non-recurring items, total revenue increased 9.0% YoY and net profit increased 7.4

greater proportion than the reduction in costs of sales, which includes fixed expenses. In addition, the proportion of take-home products, which have a higher average cost than sit-in products, increased in

. However, the Company still maintained effective operating cost control with cost to income ratio at 38% of total revenues. Considering the Company’s separate financial statement, the operating and

. Operating expenses also declined from effective cost management control. The Bank continued to prudently set aside additional provisions taking into account the economic slowdown and prolonged uncertainties

profits by 12.5% as a result of higher efficiency gains from effective cost controls, despite a decrease in total revenue by 3.4% primarily due to the decline in revenue from sales, consistent with the

decelerated of marketing activities as well as a decrease in space of property expenses. However, the Company still maintained effective operating cost control with cost to income ratio at 38% of total revenues

4.5% Effective gas cost Baht/mmBtu 236.59 252.07 6.5% 250.98 266.45 6.2% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL

% YoY mainly from acquisition funding. The average cost of borrowing was 2.9% in FY23. Income Tax was at Bt6,909mn, increasing 12% YoY, following the increase in profit before tax. The effective tax rate