New Risk • May 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (฿2.73b market cap, or US$83.8m). Reported Earnings • May 16
First quarter 2026 earnings released: EPS: ฿0.022 (vs ฿0.006 in 1Q 2025) First quarter 2026 results: EPS: ฿0.022 (up from ฿0.006 in 1Q 2025). Revenue: ฿1.99b (down 14% from 1Q 2025). Net income: ฿601.1m (up 273% from 1Q 2025). Profit margin: 30% (up from 7.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. 공시 • Mar 13
Super Energy Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026 Super Energy Corporation Public Company Limited, Annual General Meeting, Apr 27, 2026, at 09:00 SE Asia Standard Time. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: ฿0.005 (vs ฿0.05 in FY 2024) Full year 2025 results: EPS: ฿0.005 (down from ฿0.05 in FY 2024). Revenue: ฿8.08b (down 14% from FY 2024). Net income: ฿143.3m (down 90% from FY 2024). Profit margin: 1.8% (down from 15% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. 공시 • Dec 27
Levanta Renewables (Thailand) Co., Limited and others completed the acquisition of Daisy Solar Company Limited from Super Energy Corporation Public Company Limited (SET:SUPER), Super Solar (Thailand) Company Limited and Super Water Company Limited for THB 3.66 billion. Levanta Renewables (Thailand) Co., Limited and others signed a letter of intent to acquire Daisy Solar Company Limited from Super Energy Corporation Public Company Limited (SET:SUPER), Super Solar (Thailand) Company Limited and Super Water Company Limited on July 24, 2025. Levanta Renewables (Thailand) Co., Limited also agreed to acquire Apollo Solar Company Limited from Super Solar Energy Company Limited and other shareholders on July 24, 2025. The total transaction value of Transactions will be approximately THB 4 billion. Super Solar (Thailand) Company Limited and Super Water Company Limited entering into the share purchase agreement with conditions precedent to dispose 45%, 20% and 35%, respectively, of common shares in Daisy Solar Company Limited. Upon completion of Transaction Daisy Solar Company Limited will cease to be subsidiaries of Super Energy Corporation Public Company Limited, Levanta Renewables (Thailand) Co., Limited will hold 99.99% and other minority shareholders will hold less than 0.01% stake in Daisy Solar Company Limited. The tentative signing date of share purchase agreement with conditions precedent under Transaction is within July 2025. The Super Energy Corporation Public Company Limited plans to utilize the proceed from this share disposal: 1) to repay loan to reduce interest expenses, 2) to invest in power plant projects granted by Energy Regulatory Commission of Thailand, which is expected to COD in 2026-2029, 3) to invest in Direct PPA Projects, and 4) to utilize as additional funding for the Company’s working capital management.
The deal has been approved by the board of directors of Super Energy Corporation Public Company Limited. The transaction is subject to approval from Energy Regulatory Commission of Thailand, approval or waiver from the banks granting loans to each project regarding the transaction and approval from Board of Investment of Thailand. As of September 25, 2025, the financial institutions, Super Energy obtained approval from the lenders to DAISY group subsidiaries. The transaction is tentatively expected to be completed in the third quarter of 2025. As of October 1, 2025, the transaction is expected to close on October 31, 2025.
Levanta Renewables (Thailand) Co., Limited and others entered into a share purchase agreement to acquire Daisy Solar Company Limited from Super Energy Corporation Public Company Limited (SET:SUPER), Super Solar (Thailand) Company Limited and Super Water Company Limited on July 28, 2025.
Levanta Renewables (Thailand) Co., Limited and others completed the acquisition of Daisy Solar Company Limited from Super Energy Corporation Public Company Limited (SET:SUPER), Super Solar (Thailand) Company Limited and Super Water Company Limited for THB 3.66 billion on July 24, 2025. Reported Earnings • Nov 18
Third quarter 2025 earnings released: ฿0.017 loss per share (vs ฿0.078 profit in 3Q 2024) Third quarter 2025 results: ฿0.017 loss per share (down from ฿0.078 profit in 3Q 2024). Revenue: ฿1.88b (down 7.6% from 3Q 2024). Net loss: ฿453.8m (down 121% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. 
