million. - The expenses from power plant increase Baht 23.28 million coming from expense of issuance of SBLC at Baht 7.97 million , increase of expenses from Kyotamba Power Plant at Baht 10.93 million and

our actual incurred construction costs of our hydro power projects in Laos, namely XXHP and Nam Che hydro power projects. Selling, General & Administrative Expense • Selling, general & administrative

decreasing in the Group’s biomass power plants gross profit and the increasing in administrative expense as stated above. Net profit from ordinary activities attributable to the parent decrease 4.4% 9M YoY

, decrease Baht 122.0 million. The decreasing mainly derived from the decreasing in the biomass power plants gross profit and the increasing in administrative expense as stated above. 8 31 December 31 December

(“the Group”) as follow: THB Mn THB Mn THB Mn % Sales of goods and services 1,214.9 1,115.7 99.2 8.9 Revenue from finance lease under power purchase agreement 99.2 100.9 (1.7) (1.7) Revenue from

– Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Q1’19 Q4’19 Q1’20 change change Btmn Btmn Btmn y-on-y q-on-q Electricity sales Sales to EGAT

statements Q1-2022 Q1-2023 THB Mn THB Mn THB Mn % Sales of goods and services 1,518.7 1,638.2 119.5 7.9% Revenue from finance lease under power purchase agreement 102.3 102.4 0.1 0.1% Cost of sales and

% 2,499.3 3,061.1 22.5% Revenue from finance lease under power purchase agreement 101.6 102.3 95.3 (6.8%) (6.2%) 200.8 197.6 (1.6%) Cost of sales and services (920.4) (1,149.4) (1,174.0) 2.1% 27.6% (1,795.1

Group”) as follow: Consolidated financial statements Q1-2021 Q1-2022 THB Mn THB Mn THB Mn % Sales of goods and services 1,214.9 1,518.7 303.8 25.0% Revenue from finance lease under power purchase

interest expenses Baht 72.47 million. The increase from power plant is Baht 64.66 million or 35.53% due to issuance of debentures Baht 1,805.30 million and interest expense from bank loans of the Japan and